Global Electric Boat and Ship Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

·4 min read

DUBLIN, January 27, 2022--(BUSINESS WIRE)--The "Electric Boat and Ship Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global electric boat and ship market reached a value of US$5.28 Billion in 2021. Looking forward, the publisher expects the market to reach US$11.22 Billion by 2027, exhibiting a CAGR of 12.1% during 2022-2027.

Companies Mentioned

  • ABB Ltd.

  • Corvus Energy Ltd.

  • Domani Yachts

  • Duffy Electric Boat Company

  • ElectraCraft Boats

  • General Dynamics Corporation

  • Hyundai Heavy Industries Co. Ltd.

  • Kongsberg Gruppen ASA

  • Siemens AG

  • Vard Group AS (Fincantieri S.p.A.)

  • Vision Marine Technologies Inc.

  • Yamaha Motor Co. Ltd.

Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor

Electric boats and ships refer to small-sized ferries and passenger ships that sail using electricity. They utilize marine-grade lead-acid, nickel and lithium-iron-phosphate batteries and rugged and reliable electric propulsion motors for enhanced operational efficiency. The ships and boats are commonly available in diesel-electric, hybrid and fully electric drive variants. The diesel-electric ships consist of diesel generators to produce electricity, hybrid drive ships consist of onboard batteries that operate with an internal combustion engine and the fully electric drive ships consist only of batteries as the primary source of power. In comparison to the traditionally used marine vessels, electric boats and ships operate silently, are more cost-effective, have minimal fuel requirements and are highly environment friendly

The increasing demand for efficient marine transportation systems across the globe is one of the key factors driving the growth of the market. Moreover, the rising environmental consciousness among the masses is providing a thrust to the market growth. Electric boats and ships are produced with specialized hull and body specifications, along with light and durable materials, to generate minimal drag and optimal propulsion.

Additionally, various technological advancements, such as the integration of dashboard monitoring, remote monitoring and warning systems, are acting as other growth-inducing factors. These systems provide an accurate overview of the overall performance of the vessel, including battery temperature, voltage and state of charge (SoC), and facilitate immediate shutdown and troubleshooting in case of a threat. Other factors, including significant growth in the tourism industry and increasing seaborne trade, along with the implementation of favorable government policies promoting the utilization of sustainable energy systems, are anticipated to drive the market toward growth

Key Questions Answered in This Report:

  • How has the global electric boat and ship market performed so far and how will it perform in the coming years?

  • What has been the impact of COVID-19 on the global electric boat and ship market?

  • What are the key regional markets?

  • What is the breakup of the market based on the propulsion type?

  • What is the breakup of the market based on the battery type?

  • What is the breakup of the market based on the carriage type?

  • What are the various stages in the value chain of the industry?

  • What are the key driving factors and challenges in the industry?

  • What is the structure of the global electric boat and ship market and who are the key players?

  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Electric Boat and Ship Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Propulsion Type

7 Market Breakup by Battery Type

8 Market Breakup by Carriage Type

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/ihw3qh

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005528/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting