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Marine Electric Vehicles Industry Global Market Growth, Size, Trends,
Insights And Forecast To 2023

Marine Electric Vehicles Market - Industry Outlook and Trend Analysis:

The Marine Electric Vehicles Market has witnessed significant growth in the recent years and is anticipated to grow tremendously over the forecast period. A Marine electric vehicle makes use of at least one electric motors or traction motors for force. A Marine electric vehicle might be controlled through a collector system by power from off-vehicle sources, or might be self-contained with a battery, an electric generator or solar panels to change over fuel to electricity. EVs incorporate, yet are not constrained to, road and rail vehicles, surface and underwater vessels, electric spacecraft and electric aircraft.

Marine Electric Vehicles Market - Competitive Insights:

The leading players in the market are Duffy Electric Boat Company, Corvus Energy, Tamarack Lake Electric Boat Company, Torqeedo, Electrovaya, Blue Riband, Triton Submarines, Saft Groupe S.A and Boesch Boats. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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Marine Electric Vehicles Market - Drivers and Restraints:

The developing demand for electric unmanned underwater vehicles (UUVs) has been a key development driver for this market. UUVs have broad applications in maritime operations like detailed mapping of the ocean floor, off-shore hydrocarbon extraction, and scientific research. Besides, UUVs are fitted with superior quality cameras that effectively transmit information from the UUV to the administrator. With improved control of the vehicle and better images, a superior examination of the underwater environment is conceivable. The expanding exercises associated with seabed mapping from oil and gas and defence sectors will push the market for marine electric vehicles amid the gauge time frame.

The Marine Electric Vehicles Market is segmented as follows-

Marine Electric Vehicles Market - By Vehicle Type:

Leisure and tourist surface boats

Personal and tourist submarines


Automated utility vehicles (AUVs)

Marine Electric Vehicles Market - Vehicle Type Outlook and Trend Analysis:

In 2015, the work boats segment commanded the marine electric vehicles market and represented around 36% of the share of the overall industry. The expanding pressures from International Maritime Organization to protect the earth from discharges created by water crafts and vessels have influenced merchants to consider approaches to decrease the usage of fuel. Subsequently, they are choosing alternative forms of technology like work boats and AUVs in oil and gas industry, therefore pushing the development prospects of this market portion in the coming years.

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Marine Electric Vehicles Market - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Marine Electric Vehicles Market - Regional Outlook and Trend Analysis

In 2015, the Americas ruled the market representing about 51% of the market share. Factors like the constant and extended support from the government to create electric vehicles, the urgent requirement for the lessening of carbon emissions, and unstable fuel prices to boost this market’s development in the region over the estimated time frame.

Marine Electric Vehicles Market - Table of Contents:

  1. Introduction
  2. Executive Summary
  3. Market Overview
  4. Market Analysis by Regions
  5. Marine Electric Vehicles Market, By Vehicle Type
  6. Marine Electric Vehicles Market, By Region
  7. Company Profiles
  8. Global Marine Electric Vehicles Market Competition, by Manufacturer
  9. Marine Electric Vehicles Market Forecast (2018-2023)

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