Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.1 Billion | USD 4.3 Billion | 8.3% | 2023 |
FrequentlyAsked Questions
The term "zero-carbon shipping" describes a method of transportation that, throughout its lifecycle, eliminates greenhouse gas (GHG) emissions, mainly carbon dioxide (CO₂). Through the use of energy-efficient technologies, alternative fuels, and operational procedures, this strategy seeks to decarbonize the maritime sector.
The zero-carbon shipping market is driven by stringent environmental regulation, technological advancements, increasing public and private funding, a growing shift towards green energy, and many others.
According to the report, the global zero-carbon shipping market size was worth around USD 2.1 billion in 2023 and is predicted to grow to around USD 4.3 billion by 2032.
The global zero-carbon shipping market is expected to grow at a CAGR of 8.3% during the forecast period.
The global zero-carbon shipping market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the strict environmental regulations and increasing shift towards green energy.
The global zero-carbon shipping market is dominated by players like Maersk, CMA CGM Group, Mediterranean Shipping Company (MSC), NYK Line (Nippon Yusen Kaisha), Hapag-Lloyd, Evergreen Marine Corporation, COSCO Shipping Lines, Mitsui O.S.K. Lines (MOL), China Merchants Group, Kawasaki Kisen Kaisha (K Line), Crowley Maritime Corporation, Stena AB, Wallenius Wilhelmsen, Grimaldi Group and Hyundai Merchant Marine (HMM) among others.
The zero-carbon shipping market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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