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Outboard Electric Motors Market 2023 Driving Factors Forecast Research 2029

09-30-2023 08:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Outboard Electric Motors Market

Outboard Electric Motors Market

Outboard electric motors market is anticipated to grow at a CAGR of 5.1% during the forecast period. The rising concern to minimize the increasing air pollution across the globe is the major factor that contributes to the growth of the market. The key players are inclined to launch electric-driven products to reduce air pollution and stay competitive in the market. For instance, in March 2022, Rim Drive Technology BV, offers a rim drive electric outboard motor; launched a 15-kilowatt (?25 HP) model to extend its current line-up of 4 outboards. The company also offers electric rim drives in pod motor and thruster configurations. The motor is specially designed for military/defense applications, its reduced vibrations and noise make it more difficult for monitoring technology to detect and track the vessels, which attract users to purchase electric rim outboard motor, thus increasing the electric outboard motor market.

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In January 2023, Brunswick launches all-electric marine outboard. The Avator 7.5e will be the first in Mercury Marine's full line of electric outboard motors. Further, in February 2022, Brunswick corp (Mercury Marine) announced the launching of an electric outboard motor called Avator at the Miami International Boat Show. The motor is designed for smaller boats and has a removable and interchangeable battery system that allows for easy and fast recharging. Additionally, the motor has a screen display that displays the battery level.

full report of Outboard Electric Motors Market available @ https://www.omrglobal.com/industry-reports/outboard-electric-motors-market

• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Outboard Electric Motors Market Report Segment
By Motor Type
• Propulsion Motors
• Trolling Motors

By Power
• Below 25kW
• 25 to 50kW
• 50 to 150kW

By Application
• Military
• Commercial
• Recreational

Global Outboard Electric Motors Market Report by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2023 and forecast to 2029.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global outboard electric motors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/outboard-electric-motors-market

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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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