Marine Electric Vehicles Market


Global Marine Electric Vehicle Market Research Report: By Vehicle Type (Battery Electric, Plug-In Hybrid Electric and Hybrid Electric), by Platform (On-water and Underwater), by Craft Application (Military, Leisure & Tourist Surface Boat, WorkBoat, Autonomous Underwater Vehicle (AUV), Personal & Tourist Submarine and others) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2025

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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