According to our latest research, the global electric ships market size reached USD 6.7 billion in 2024, driven by growing environmental regulations and advancements in marine propulsion technology. The market is exhibiting a robust CAGR of 13.2% from 2025 to 2033, with the forecasted value expected to reach USD 20.2 billion by 2033. This dynamic growth is primarily attributed to the increasing demand for sustainable maritime transportation, rising fuel costs, and significant investments in electrification and hybridization of vessels across both commercial and defense sectors. https://growthmarketreports.com/report/electric-ships-market-global-industry-analysis