Electric Boat Market increasing demand with Leading key players: Frauscher, Duffy Electric Boat Company, RAND Boats ApS

Electric boats use battery power for propulsion of the rotor motor to achieve momentum. Electric boated used the same batteries which are used in electric vehicles. As these boat does not uses internal combustion engine, these boats are silent, clean and offers efficient propulsion. The batteries used in electric boats are either nickel based, lead acid, or lithium ion.

Owing to the growing inclination for curtailing carbon emissions, the electric boats market is experiencing significant growth. However, fluctuating prices of raw materials are hampering the growth of the market. Meanwhile, the increasing amount of recreational and water sports activities is anticipated to propel the electric boats market during the forecast period.

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Companies Profiled in this report includes:  Frauscher, Duffy Electric Boat Company, RAND Boats ApS, Vision Marine Technologies, Quadrofoil, LTSMARINE, Symphony Boat Company, Ruban Bleu, Torqeedo GmbH

MARKET SEGMENTATION

The global electric boats market is segmented on the basis of boat type, battery type, and application. On the basis of boat type, the market is segmented as pure electric and hybrid. On the basis of battery type, the market is segmented as nickel based, lead acid, and lithium-ion. On the basis of application, the market is segmented as fishing, recreational, and others.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric boats market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric boats market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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