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Marine Electric Vehicle Market Research Report 2021, Industry Trends, Share, Size, Demand and Future Scope

03-16-2021 01:02 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

marine electric vehicle market forecast

marine electric vehicle market forecast

According to the latest report by IMARC Group, titled, “Global Marine Electric Vehicle Market 2021-2026: Industry Trends, Share, Size, Growth, Opportunity and Forecast", the global marine electric vehicle market grew at a CAGR of around 8% during 2015-2020.

Marine electric vehicles (EVs) refer to zero-emission transportation systems that rely on renewable sources of energy for electric propulsion. Compared to fossil fuel-powered maritime vessels, these vehicles are more environmentally friendly, require lesser maintenance, and incur lower running costs. Furthermore, as marine electric vehicles efficiently tackle high waves and control noise pollution, they are also considered suitable for marine wildlife tours.

Due to the growing number of marine-based activities coupled with rising environmental concerns, there is an increasing need for zero-emission vessels (ZEVs). This, coupled with the significant shift in preferences from diesel-powered to hybrid electric boats, is bolstering the sales of marine electric vehicles for commercial and recreational purposes. Additionally, the increasing popularity of water-based sports and leisure activities is also driving the demand for seagoing enclosed yachts, workboats, personal submarines, scuba sea scooters, ferries, autonomous underwater vehicles (AUVs), etc. Besides this, electric unmanned underwater vehicles (UUVs) are gaining traction in the oil and gas sector for offshore hydrocarbon extraction, scientific research, and detailed mapping of the ocean floor, which is anticipated to further augment the market growth in the coming years.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/marine-electric-vehicle-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Marine Electric Vehicle Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Andaman Boatyard, Boesch Motorboote AG, Corvus Energy Ltd., Duffy Electric Boat Co, Electrovaya Inc, Ruban Bleu, Saft Groupe S.A. (Total SE), The Boeing Company, Torqeedo GmbH, Triton Submarines LLC and Wärtsilä Oyj Abp.

For more information about this report visit: https://www.imarcgroup.com/marine-electric-vehicle-market

The report has segmented the market on the basis of Vehicle Type, Propulsion Type, Application and Region.

Breakup by Vehicle Type:

Military Vehicle
Work Boat
Leisure and Tourist Surface Boat
Autonomous Underwater Vehicle
Others

Breakup by Propulsion Type:

Battery Electric Vehicle
Plug-in Hybrid Vehicle
Hybrid Electric Vehicle

Breakup by Application:

On-Water Applications
Underwater Applications

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Browse related reports:

United States E-Bike Market: https://www.imarcgroup.com/united-states-e-bike-market

Baby Car Seat Market: https://www.imarcgroup.com/baby-car-seat-market

Car Rack Market: https://www.imarcgroup.com/car-rack-market

Golf Cart Market: https://www.imarcgroup.com/golf-cart-market

Anti-Lock Braking System (ABS) Market: https://www.imarcgroup.com/anti-lock-braking-system-market

Europe Robotic Lawn Mower Market: https://www.imarcgroup.com/europe-robotic-lawn-market

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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