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Marine Electric Vehicle Market Research Report – Forecast to 2023

Global Marine Electric Vehicle Market by Craft Application (Military, Leisure & Tourist Surface Boat, & Others), Vehicle type (Battery Electric, Plug-In Hybrid Electric & Hybrid Electric), Platform (On-water & Underwater), & Region- Forecast to 2023
Marine Electric Vehicles Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Marine Electric Vehicles 2018
Marine Electric Vehicles 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
Exploring possibilities in the sea for natural resources and other benefits are experiencing precedence
in the present and future plans of various countries. But the last few years is also witnessing a shift in
the trend of the vehicles used in doing so. The trend is shifting more towards the adoption of the electric
vehicle sidelining the traditional fossil-fuel based ones considerably. This trend is growing popular as
they produce less carbon and are perfect supplements for the traditional ones. The latest technologies
are also backing it up amply by generating new sources of renewable energy such as solar, wind, water,
and nuclear.
The cost is expected to drop down considerably to boost the market further. Unmanned underwater
vehicles (UUV) have massive application in hydrocarbon extraction, detailed mapping of the ocean shore
and scientific research. Defense sector profits much from these kinds of vehicle. Owing to the multiple
uses of marine electric vehicles the global market for it is expected to register a staggering 10% CAGR
during the forecast period (2017-2023), reveals Market Research Future (MRFR) in a minutely studied
Marine Electric Vehicles 2018
“Taste the market data and market information presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content
TOC & market synopsis on “Marine Electric Vehicles Research Report - Global Forecast 2023”
Industry Trend:
Growing ecological awareness has influenced international bodies such as the International Maritime
Organization considerably into taking actions against water pollution perpetrated by the traditional
boats. The organization has planned to reduce carbon footprint by 40% by 2030 and has asked people to
install batteries instead of using fossil fuels.
MG Energy Systems has introduced recently high-end lithium-ion batteries, a result of advanced
technologies, to offer optimal performance to marine vehicles that are expected to set new trends in
marine transport category.
Marine Electric Vehicles 2018
The global marine electric vehicles market is segmented into 4 key dynamics for the convenience of the
report and enhanced understanding;
Segmentation by Craft Application: Military, Work boat, Leisure & Tourist Surface Boat, Autonomous
Underwater Vehicle, Personal & Tourist Submarine and Others
Segmentation by Vehicle type: Battery Electric Vehicle, Plug-In Hybrid Electric vehicle and Hybrid
Electric Vehicle
Segmentation by Platform: On-water and Underwater
Segmentation by Regions: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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Marine Electric Vehicles 2018
Application & Major Players in this Research:
Marine Electric Vehicles Prominent Players:
Boesch Motorboote AG (Switzerland),
Electrovaya (Canada),
Corvus Energy (Canada),
Andaman Boatyard (Thailand),
Duffy Electric Boat (U.S.),
Torqeedo GmbH (Germany),
Triton Submarines (U.S.),
Ruban Bleu (France), Saft (France), Wärtsilä (Finland), and others.
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Marine Electric Vehicles 2018
Marine Electric Vehicles Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s
team said:
Region-specific segmentation of the global market encapsulates namely North America,
Europe, Asia Pacific (APAC), South America (LATAM), and the Middle East & Africa (MEA).
North America and South America are currently controlling the global market. The region
is having a good flow owing to the favorable government policies. The U.S. is spending
heavily in such sector for defense purposes and is trying to enhance its surveillance
Europe is also investing heavily in the segment as the region follows strict eco-friendly
measures to minimalize carbon footprint. Recently, Switzerland trialed water taxis,
SeaBubbles, driven by a battery charged engine that can considerably boost their tourism
and transport.
The APAC is also witnessing significant growth owing to the presence of technologically
advanced regions such as Japan and China. China has recently launched the world’s first
all-electric cargo ship which is a milestone for this sector.
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Monica Nerkar
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