Press release
Global Electric Boat and Ship Market 2020 Growth, COVID Impact, Trends Analysis Report 2025
Global electric boat and ship market is estimated to grow at a CAGR of over 10% during the forecast period. The key factors that contributed to the growth of the market include a rising emphasis on minimizing emissions from the shipping industry. To achieve this, there are several government regulations introduced. For instance, in 2018, the European Commission implemented some Sulphur standards for marine fuels. The aim of the standard was to minimize the use of Sulphur content in certain liquid fuels that are utilized in water transports. It also aims to implement a 0.50% Sulphur limit in marine fuels by 2020. Thus, the implementation of such laws is projected to affect the growth of the boat and ship industry during the forecast period. Other factors include a rise in recreational activities such as water sports like jet skiing and activities like boating and fishing.(Get 15% Discount on Buying this Report)
Get Report Sample Copy @ https://www.omrglobal.com/request-sample/electric-boat-ship-market
Moreover, several government initiatives to minimize emissions are also contributing to market growth. The on-going changes in the regulations on maritime emissions as well as the incorporation of advanced technology by the shipbuilders for reducing the emissions are affecting the market growth. For instance, the new Clean Maritime Plan in the UK announced in June 2019 states that the UK waters must be equipped with zero-emission technology by 2025 and reach net-zero greenhouse gas emissions by 2050, by utilizing batteries or biofuels in the water transports.
A Full Report of Global Electric Boat and Ship Market is Available at: https://www.omrglobal.com/industry-reports/electric-boat-ship-market
Further, the presence of the key players also contributes to the growth of the market. For instance, in September 2019, Taiga Motors announced the launch of new electric jetski Orca by Spring 2020. Also, Bombardier, Electro. Aero and Nikola Motors announced to launch electrified jet skis in 2020. Whereas, in June 2019, Nidec ASI showcased the novel battery system manufactured for large and medium-sized boat propulsion systems at the Electric & Hybrid Marine World Expo 2019 in Amsterdam. In July 2019, Thus, such strategies adopted by the key players are expected to boost the growth of the global electric boat and ship market during the forecast period.
Current Market Trends Covered in the Market Report:
Increased investments by the government to manufacture eco-friendly transport options are positively affecting the electric boat and ship market growth during the forecast period
Cargo segment will account for significant growth in the electric boat and ship industry
Increase in the consumer preferences for the water-based transport is expected to provide a growth rate to the electric boat and ship market
Global Electric Boat and Ship Market – Segmentation
By Product Type
Fully Electric
Hybrid
By Battery Type
Lead Acid
Lithium-ion
Others
By Carriage Type
Passenger
Cargo
Global Electric Boat and Ship Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Reasons to Buying From us –
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electric-boat-ship-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Electric Boat and Ship Market 2020 Growth, COVID Impact, Trends Analysis Report 2025 here
News-ID: 2243754 • Views: …
More Releases from Orion Market Research
Road Marking Paint Market : A Guide to Understanding the Process
The Road Marking Paint Market, valued at approximately USD 5.02 billion in 2023, is projected to reach around USD 7.69 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.36% from 2024 to 2033.
Road Marking Paint Market Overview
The Road Marking Paint Market is steadily expanding, driven by burgeoning infrastructure investments and the need for improved road safety. Governments and municipalities are increasingly allocating funds toward both new…
Outboard Boat Market Size Analysis, Competitive Insights, Leading Players and Gr …
The Outboard Boats Market, valued at approximately USD 5.74 billion in 2023, is projected to grow to around USD 14 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 9% over the 2024-2033 period.
Outboard Boat Market Overview
The Outboard Boat Market continues to expand robustly, fueled largely by rising demand for recreational boating, favorable economic conditions, and the appeal of leisure marine activities. Innovations in outboard motor technology-including…
Mobile Ticketing Market Size Analysis, Competitive Insights, Leading Players and …
The Mobile Ticketing Market, valued at about USD 2.9 billion in 2023, is anticipated to grow to approximately USD 11.39 billion by 2033, reflecting a robust CAGR of 16.7% from 2024 to 2033.
Mobile Ticketing Market Overview
The Mobile Ticketing Market is undergoing rapid expansion, driven primarily by the global surge in smartphone usage and consumer preference for contactless, digital experiences. This growth is further propelled by widespread adoption of digital payments,…
Metal Alloy Market Size Analysis, Competitive Insights, Leading Players and Grow …
The Metal Alloy Market, valued at approximately USD 301.7 billion in 2023, is projected to reach USD 533.9 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2033.
Metal Alloy Market Overview
The Metal Alloy Market is experiencing steady, long-term expansion, driven by growing demand from key sectors such as automotive, aerospace, construction, and electronics. Applications in next-generation vehicles and aircraft are pushing interest in…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
