Marine Electric Vehicles Global Market Estimated For An Electrifying Growth At 10% of CAGR By 2021

Almost all autonomous underwater vehicles are electric for practical reasons - the internal combustion engine ICE is not a convincing option. Even not on the surface, where the ICE is the preferred means of propulsion. However, even here, there is now a strong move to hybrid and pure-electric drivetrains for many powerful reasons.
Adoption of Marine Electric Vehicles markets is not usually for the popularly understood reasons. In fact, so far, marine EVs are usually financially successful where are bought because they can be used under water, Replace human effort including much maintenance, Create little or no noise, air or water pollution , Make new things possible, Save cost over life and last but not the least that they can last longer.
A Marine Electric Vehicles market is primarily driven by the growing demand for electric unmanned underwater vehicles (UUVs). UUVs find wide-ranging applications in maritime operations such as off-shore hydrocarbon extraction, detailed mapping of the ocean floor, and scientific research. Also, UUVs are equipped with high-definition cameras that efficiently transmit data from the unmanned underwater vehicles to the operator giving the operator better images and improved control of the vehicle that allows the operator a better inspection of the underwater environment. Additionally, the increasing activities related to seabed mapping from oil and gas and defense sectors will provide impetus to the market growth of Global Marine Electric Vehicles market during the forecast period.
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According to a recent study report published by the Market Research Future, Globally, the market for Marine Electric Vehicles has increased due to the growing adoption of electric vehicles in recent years. The market is expected to grow at a rapid pace during the forecast period (2017 – 2021). The global market of Marine Electric Vehicles is forecasted to witness a thriving growth by 2021, surpassing its previous growth records in terms of value with a striking 10 % CAGR during the anticipated period (2017 – 2021). The recent shift in preference for the hybrid electric boat from diesel-powered boats is expected to boost this market’s growth during the forecasted period. The implementation of marine plug-in hybrid vehicles is the trend that helping to boost market growth. Plug-in hybrid electric vehicles or grid-enabled vehicles (GEV) have decreased the use of combustion engines, which in turn has reduced the generation of greenhouse gasses. These vehicles store electricity onboard within rechargeable packs. As per the MRFR analysis, factors restraining the market are safety constraints and poor infrastructure, complexity attached to current battery technology, range limitation, and cost associated with batteries.
Marine Electric Vehicles Global Market – Key Players- The global marine electric vehicles market appears highly fragmented and competitive owing to the presence of numerous large and small players in the market. International players with their huge infrastructure and R&D support, posing as challenge to the regional vendors in terms of reliability and price. The competition is expected to intensify due to an increase in product extensions, technological innovations, and M&A.
Some of the key players in the Global Marine Electric Vehicles Market are
• Boesch Motorboote
• Duffy Electric Boat
• Ruban Bleu
• Torqeedo
• Triton Submarines
• Corvus Energy
• Electrovaya
• Saft
• Wärtsilä
Browse complete report at https://www.marketresearchfuture.com/reports/marine-electric-vehicles-market .
Marine Electric Vehicles Global Market – Segmentation
The Marine Electric Vehicles Market can be segmented in to 2 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Type : Comprises UUV, MUV, Space Craft, BUUC, Workboats, and others.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Marine Electric Vehicles Global Market – Synopsis The Global Marine Electric Vehicles Market is expected to grow at a CAGR of around 10% during 2016-2021. The key factors driving the growth are growing demand for electric vehicles, increased procurement of unmanned underwater vehicles to perform critical operations, and growing commercial demand. Some of the presumed driving forces behind our forecasts are as follows. Further green laws will be introduced, help leisure and commercial/industrial marine EV sectors to grow. For example, pure-electric craft benefit from laws that increasingly ban polluting alternatives on inland waterways. Plug-in hybrid powertrains will be favored for the larger seagoing boats to save cost and improve reliability and performance over ones with conventional engines. By contrast, a substantial new market is being created by the advent of powerful, pure-electric outboard motors. Many new forms of expensive underwater craft will also appear. The seagoing vehicle market will be increased particularly by military build-up and a trend to understand the influence of the oceans on weather and to harvest the oceans, including minerals and livestock.
Marine Electric Vehicles Market – Regional and Country Analysis
As per the MRFR analysis, the Americas region will continue its dominance in the forecast period and will reach to astronomical amounts at a CAGR of 9%. EMEA will grow at a considerable CAGR. APAC market of Marine Electric Vehicles is expected to grow at a substantial CAGR during the forecast period.
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1. INTRODUCTION
1.1 REPORT DESCRIPTION
1.2 RESEARCH OBJECTIVE
2. EXECUTIVE SUMMARY
2.1 KEY FINDINGS / HIGHLIGHTS
2.1.1 INVESTMENT OPPORTUNITIES
2.1.2 MARKET STARTEGIES
2.1.3 LATEST DEVELOPMENTS
3. SCOPE OF THE STUDY
3.1 MARKETS COVERED
3.2 YEARS CONSIDERED FOR THE STUDY (2016-2021)
3.2 GEOGRAPHIC SCOPE
3.3 KEY STAKEHOLDERS
4. ASSUMPTIONS AND LIMITATIONS
5. RESEARCH METHODOLOGY
5.1 PRIMARY RESEARCH
5.2 SECONDARY RESEARCH
5.3 ECONOMETRIC AND FORECASTING MODEL
6. MARKET SIZE ESTIMATION
6.1 TOP DOWN APPROACH
6.2 BOTTOM UP APPROACH
7. MARKET FACTOR ANALYSIS
7.1 VALUE CHAIN ANALYSIS
7.2 SUPPLY CHAIN ANALYSIS
7.3 PORTER'S FIVE FORCES ANALYSIS
8. MARKET DYNAMICS
8.1 DRIVERS
8.2 RESTRAINTS
8.3 OPPORTUNITIES
8.4 TRENDS
9. MARKET SEGMENTATION
9.1 BY MRO TYPE
9.2 BY GEOGRAPHY
10. GLOBAL MARINE ELECTRIC VEHICLES MARKET BY TYPE, 2016-2021
10.1 MARKET SIZE BY TYPE ($ BILLIONS)
10.1.1 UNMANNED UNDERWATER VEHICLES (UUV)
10.1.1.1 REMOTELY OPERATED UNDERWATER VEHICLES (ROUV)
10.1.1.2 AUTONOMOUS UNDERWATER VEHICLES (AUV)
10.1.2 SURFACE CRAFT
10.1.3 MANNED UNDERWATER ELECTRIC VEHICLES (MUV)
10.1.4 BIOMIMETIC UNMANNED UNDERWATER CRAFT (BUUC)
10.1.5 WORKBOATS AND OTHERS
11. GLOBAL MARINE ELECTRIC VEHICLES MARKET BY REGION, 2016-2021
11.1 MARKET SIZE BY REGION ($ BILLIONS)
11.1.1 AMERICAS (NORTH & LATIN)
11.1.1.1 UNITED STATES
11.1.1.2 CANADA
11.1.1.3 BRAZIL
11.1.1.4 OTHERS
11.2.1 EUROPE
11.2.1.1 GERMANY
11.2.1.2 FRANCE
11.2.1.3 ITALY
11.2.1.4 SPAIN
11.2.1.5 UK
11.2.1.6 REST OF EUROPE
11.3.1 ASIA-PACIFIC
11.3.1.1 CHINA
11.3.1.2 INDIA
11.3.1.3 JAPAN
11.3.1.4 AUSTRALIA/NEW ZEALAND
11.3.1.5 REST OF ASIA-PACIFIC
11.4.1 MIDDLE EAST & AFRICA
11.4.1.1 SAUDI ARABIA
11.4.1.2 KUWAIT
11.4.1.3 ISRAEL
11.4.1.4 REST OF ME&A
12. COMPETITIVE LANDSCAPE
12.1 KEY PLAYERS AND MARKET SHARE ANALYSIS
12.2 KEY DEVELOPMENT (M&A, JVS, PARTNERSHIP)
12.3 COMPETITIVE BENCHMARKING (FINANCIAL AND OPERATIONAL)
12.4 KEY COMPANIES TO WATCH
13. COMPANY PROFILE
13.1 Boesch Motorboote
13.1.1 COMPANY OVERVIEW
13.1.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
13.1.3 KEY FINANCIAL
13.1.4 KEY DEVELOPMENTS AND STRATEGIES
13.2 Duffy Electric Boat
13.2.1 COMPANY OVERVIEW
13.2.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
13.2.3 KEY FINANCIAL
13.2.4 KEY DEVELOPMENTS AND STRATEGIES
13.3 Ruban Bleu
13.3.1 COMPANY OVERVIEW
13.3.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
13.3.3 KEY FINANCIAL
13.3.4 KEY DEVELOPMENTS AND STRATEGIES
13.4 Torqeedo
13.4.1 COMPANY OVERVIEW
13.4.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
13.4.3 KEY FINANCIAL
13.4.4 KEY DEVELOPMENTS AND STRATEGIES
13.5 Triton Submarines
13.5.1 COMPANY OVERVIEW
13.5.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
13.5.3 KEY FINANCIAL
13.5.4 KEY DEVELOPMENTS AND STRATEGIES
13.6 Corvus Energy
13.6.1 COMPANY OVERVIEW
13.6.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
13.6.3 KEY FINANCIAL
13.6.4 KEY DEVELOPMENTS AND STRATEGIES
13.7 Electrovaya
13.7.1 COMPANY OVERVIEW
13.7.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
13.7.3 KEY FINANCIAL
13.7.4 KEY DEVELOPMENTS AND STRATEGIES
13.8 Saft
13.8.1 COMPANY OVERVIEW
13.8.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
13.8.3 KEY FINANCIAL
13.8.4 KEY DEVELOPMENTS AND STRATEGIES
13.9 Wärtsilä
13.9.1 COMPANY OVERVIEW
13.9.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
13.9.3 KEY FINANCIAL
13.9.4 KEY DEVELOPMENTS AND STRATEGIES
14. CONCLUSION
15. APPENDIX

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