Press release
Solar Boat Market Worldwide Analysis By Financial Overview, Research Methodologies and Forecast To 2031
According to a new report published by Allied Market Research, titled, "Solar Boat Market," The solar boat market was valued at $0.65 billion in 2021, and is estimated to reach $2.4 billion by 2031, growing at a CAGR of 14.2% from 2022 to 2031.Europe is expected to dominate the global solar boat market in 2021. Key factors contributing toward the market growth include, commitment of the government toward decreasing emission levels, encouraging zero-emission power sources, innovative battery systems, and high performance of longer-range batteries. Furthermore, manufacturers are focusing on new battery technologies to deliver longer-range batteries and high performance for electric and solar boats. Development in emission norms and restrictions in maritime transportation has led to the growth of the market. Increase in investments by government and private sector in research and development of battery systems and electronic components is expected to fuel the market expansion during the forecast period.
Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10545
Key players operating in the global solar boat market include ABB Ltd., Aquawatt (Aquawatt Green Marine Technologies), Boesch Motorboote AG, Corvus Energy, Duffy Electric Boat Company, ElectraCraft, Inc., Greenline Yachts, Grove Boats SA, NavAlt Solar & Electric Boats Pvt. Ltd., Quadrofoil d.o.o., RAND Boats ApS, Soel Yachts B.V., Torqeedo GmbH, and Vision Marine Technologies Inc.
However, with government relaxations to improve economic conditions, the boating sector has experienced significant growth in 2021. With government relaxations to improve economic conditions, the boating sector has experienced significant growth in 2021. Boating and fishing continues to occupy the top rank as the largest leisure activity in the U.S. and nearly 100 million Americans go boating each year. With continuous popularity of remote work and flexible schedules, people are exploring more adventures in water.
Interested to Procure The Data? Inquire here at
https://www.alliedmarketresearch.com/purchase-enquiry/10545
KEY FINDINGS OF THE STUDY
By battery type, the lithium-ion segment is anticipated to exhibit significant growth in the near future.
By solar panel type, the polycrystalline segment is anticipated to exhibit significant growth in the near future.
By application, the cargo boats segment is anticipated to exhibit significant growth in the near future.
By region, North America is anticipated to register the highest CAGR during the forecast period.
Browse Complete Report at
https://www.alliedmarketresearch.com/solar-boat-market-A10180
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About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
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