In accordance with this study, the Global Marine Electric Vehicles Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2022-2028.
Marine electric vehicles are vehicles that run on solar cells through solar energy and battery banks. Unlike fuel-based, these marine vehicles are battery powered and do not emit carbons and other pollutants. These vehicles are also suitable for wildlife tours because of quiet operation. Marine electric vehicles are also used for leisure & tourism, as a workboat, military purpose, and others.
The increasing adoption of marine electric vehicles as they emit lower carbons than fuel-based vehicles is stimulating the growth of the market. In addition to this, scarcity of fuel reservoirs has shifted the demand for fuel to electric powered vehicles, which in turn, boosting the market growth. However, high cost associated with marine electric vehicles hinders the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of marine electric vehicles.
The study offers a decisive view of the global marine electric vehicles market by segmenting it in terms of craft application, vehicle type, and platform. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Craft Application
By Vehicle Type
- Work Boat
- Leisure & Tourist Surface Boat
- Autonomous Underwater Vehicle
- Personal & Tourist Submarine
- Battery Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Hybrid Electric Vehicle
This section covers marine electric vehicles market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global marine electric vehicles market along with the individual application segment across all the prominent region.
Global Marine Electric Vehicles Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Marine Electric Vehicles market are Andaman Boatyard, BoeschMotorboote AG, Corvus Energy, Duffy Electric Boat, Electrovaya, Ruban Bleu, Saft, Torqeedo GmbH, Triton Submarines, and Wärtsilä. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.