PUBLISHER: Allied Market Research | PRODUCT CODE: 1139871
PUBLISHER: Allied Market Research | PRODUCT CODE: 1139871
Electric boats utilize battery power to carry off marine operation. They often utilize renewable energy sources such as wind turbines, solar panels, and towed generators. They utilize marine-grade lead-acid, nickel-based and lithium-ion batteries for enhanced operational efficiency. Electric boats or vessels are generally available in diesel-electric, pure electric, or hybrid variants. In addition, electric boats comprise key components such as electric charger, battery bank, controller, and electric motor. They operate silently as they do not use internal combustion; are cost-effective; have minimal fuel requirements; and are highly environment friendly. Moreover, these boats are mainly used for recreational purposes and ferrying a small number of passengers. Sometimes these boats are also utilized as rescue vessels to carry out sea operations efficiently.
The market is driven by introduction of regulations regarding emission of greenhouse gases, increase in demand for luxury vehicles with greater cabin comfort, and rise in production & sale of automotive. However, rise in demand for electric vehicles is the factor acting as a hindrance in the growth of the global electric boat market. On the contrary, increase in demand for multi-filtration system, and technological advancements are expected to create ample growth opportunities for the global electric boat market.
With increase in adoption of electric boats across the globe, need for charging infrastructure is also growing subsequently. Government and private organizations in several countries are working closely to setup electric boat charging infrastructure in their region to support e-mobility. For instance, Aqua superpower, a UK based company has been rapidly building its network of marine "superchargers" across the globe. Built to the highest IP65 standards, each station provides AC and DC fast charger with a high output of 150kW, enabling fast recharging of electric boats.
The electric boat market is segmented on the basis of propulsion type, battery type, range, power output, application, and region. By propulsion type, it is segmented into pure electric boats and hybrid electric boats. By battery type, it is classified into lead-acid battery, lithium-ion battery, and nickel-based battery. By range, it is fragmented into less than 50 km, between 50 and100 km, between 101 and 1,000 km, and greater than 1,000 km. By power output, it is categorized into below 5kW, between 5kW and 30kW, and above 30kW. By application, it is segmented into passenger boats, cargo boats, and others. Region wise, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
Key Market Segments
By Propulsion
By Battery Type
By Range
By Power
By Application
By Region