Electric Vehicle Charging Infrastructure Expands Rapidly in Maritime Sector

The global maritime industry is rapidly transitioning towards electric and hybrid-electric propulsion, and the expansion of high-power charging infrastructure is a key driver of this trend. According to a new report by MarkNtel Advisors, the global electric vehicle DC fast chargers market is projected to grow at a CAGR of around 32.11% during 2026–2032, reaching an estimated value of USD 75.49 billion by 2032. The report cites the accelerating adoption of electric and hybrid-electric vessels, particularly in the ferry, cruise, and port equipment sectors, as a primary factor behind this market growth. As more maritime operators transition their fleets to cleaner propulsion technologies, the demand for reliable and high-powered charging solutions is surging. 'The maritime industry is under increasing pressure to reduce its environmental footprint, and electric propulsion is a critical part of the solution,' said Darpan Parikh, the newly appointed director general of Galata Chemicals, a subsidiary of the Praana Group. 'The expansion of DC fast charging infrastructure is essential to supporting the widespread adoption of electric and hybrid vessels.' In addition to the growth of the EV charging market, the Praana Group also announced the appointment of Parikh to its board of directors as part of a strategic global expansion. The conglomerate, which has interests in chemicals, energy, and infrastructure, is positioning itself to capitalize on the maritime industry's transition towards sustainable technologies. 'We see tremendous opportunities in supporting the maritime sector's shift towards electrification and decarbonization,' said Parikh. 'Our expertise in chemicals, energy, and infrastructure will allow us to provide innovative solutions to help shipowners, ports, and other maritime stakeholders achieve their sustainability goals.' As the maritime industry continues to prioritize emissions reductions and environmental stewardship, the expansion of high-power charging infrastructure for electric and hybrid vessels will be a crucial enabler of this transition. The rapid growth projected for the EV DC fast chargers market underscores the scale of this transformation underway in the global maritime sector.