PORTLAND, OREGAON, UNITED STATES, July 3, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, Electric Boat Market Size, Share, Competitive Landscape and Trend Analysis Report by Propulsion (Pure Electric Boats, Hybrid Electric Boats), by Battery Type (Lead-acid Battery, Lithium-ion Battery, Nickel-based Battery), by Range (Less than 50 km, 50 to 100 km, 101 to 1,000 km, More than 1,000 km), by Power (Below 5 KW, Between 5 KW to 30 KW, Above 30 KW), by Application (Passenger Boats, Cargo Boats, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031. The global electric boat market was valued at $5.0 billion in 2021, and is projected to reach $16.6 billion by 2031, growing at a CAGR of 12.9% from 2022 to 2031.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ & ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/9131
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
ABB LTD
Aquawatt Green Marine Technologies
Boesch Motorboote AG
Boote Marian GmbH
Candela Technology AB
Corvus Energy
Domani Yachts
Duffy Electric Boat Company
Echandia Group AB
ElectraCraft Power Boats
Frauscher Bootswerft GmbH & Co KG
Greenline Yachts
Grove Boats SA
Learboats USA, Inc.
NavAlt Solar & Electric Boats Pvt. Ltd
Quadrofoil d.o.o.
RAND Boats ApS
Ruban Bleu
Soel Yachts B.V.
Torqeedo GmbH
Vision Marine Technologies Inc.
X Shore
Yamaha Motor Co., Ltd.
Europe is expected to dominate the global electric 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 boats. Development in emission norms and restrictions in maritime transportation has led to growth of the electric boat 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. In addition, development of charging infrastructure for electric boats, coupled with government support has also been observed in the region, which encourages adoption of electric boats. Moreover, in Germany, development of autonomous boats for transportation is also expected to supplement growth of the market during the forecast period.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/electric-boat-market/purchase-options
Popularity of lithium-ion batteries is on an exponential increase, as they are light in weight, have high capacity, and have exhibited a sharp decline in price in recent years. Lead-acid batteries have drawbacks such as high self-discharging rates and relatively low charge/discharge cycles, which makes them less suitable for energy storage applications. Hence, these drawbacks of electric boat manufacturers are moving toward adoption of lithium-ion batteries in electric boats. Numerous battery manufacturers are introducing new and improved lithium-ion batteries for electric boats and electric mobility. For instance, in November 2021, Electric Fuel, manufacturers of professional high-performance batteries, launched its new 48V high energy density lithium-ion marine battery at the METSTRADE 2021 show in Amsterdam, Netherlands. The new 48V batteries is the latest addition to Electric Fuel's lithium-ion marine battery family offers four times the energy of similar lead-acid batteries.
By propulsion, the global electric boat industry is segregated into pure electric boats and hybrid electric boats. Pure electric boats use battery power for propulsion of rotor to gain maximum momentum. Its primary propulsion technology is an electric drive system. Electric boats are faster, noiseless, and reduce emission in the atmosphere. Electric motors are more reliable, longer-lasting, and require less maintenance. Low calorific value eliminates the need for cooling systems in the boat. They have lower range compared to hybrid electric boats. These are lighter in weight to their diesel counterparts. Introduction of stringent emission regulations, increase in environmental concerns, and government support drive growth of this segment. Several players operating in the market are launching new products and entering into partnerships to cater to growing consumer demand.
Significant factors impacting growth of the electric boat market include environmental concerns and stringent emission regulations, growth in maritime trade, and strengthening tourism activity with greater participation in boating, cruising, yachting and nautical sports. Moreover, limited battery capacity and range associated with electric boats, and high costs of electric boats hinders the market growth. Growth and developments to expand charging infrastructure, government support to promote adoption of electric boats, and technological advancements are expected to offer growth opportunities during the forecast period. However, each of these factors is anticipated to have a definite impact on the electric boat market during the forecast period.
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ :
The outbreak of the Covid-19 pandemic has had a negative impact on the global electric boat market, owing to delay in production.
The pandemic led to closure of manufacturing units, supply chain disruptions, shortage of raw materials, and unavailability of workforce, which, in turn, hampered the market growth.
However, the electric boat sector experienced a significant growth in the post-pandemic era.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/9131
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
By propulsion, the pure electric boats segment is anticipated to exhibit significant growth in the near future.
By battery type, the lithium-ion battery segment is anticipated to exhibit significant growth in the near future.
By range, the 101 to 1,000 km segment is anticipated to exhibit significant growth in the near future.
By power output, the above 30 kW segment is anticipated to exhibit significant growth in the near future.
By application, the cargo 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.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ก๐ซ๐๐ ๐๐ก๐๐๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ : https://www.globenewswire.com/en/news-release/2023/07/25/2710192/0/en/Electric-Three-Wheeler-Market-Size-to-Reach-1-5-Billion-by-2031-Allied-Market-Research.html
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ : https://www.prnewswire.com/news-releases/electric-utility-vehicle-market-to-reach-24-98-bn-globally-by-2031-at-11-4-cagr-allied-market-research-301613001.html
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐ก๐ข๐๐ฅ๐ (๐๐) ๐๐ซ๐๐ง๐ฌ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ : https://www.globenewswire.com/news-release/2021/06/23/2251523/0/en/Electric-Vehicle-Transmission-Market-to-Garner-20-08-Billion-by-2027-Allied-Market-Research.html
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ฌ ๐๐๐ซ๐ค๐๐ญ : https://www.globenewswire.com/news-release/2023/03/17/2629639/0/en/Electric-Bus-Market-Size-to-Reach-439-7-Billion-by-2031-Allied-Market-Research.html
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research 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.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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