Marine Electric Vehicles Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global marine electric vehicles market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Marine electric vehicles (EVs) represent zero-emission transportation systems that rely on renewable energy sources for electric propulsion. They require low maintenance, incur fewer running costs, and are more environment friendly as compared to fossil fuel-powered maritime vessels. In addition to this, marine electric vehicles are considered suitable for wildlife tours as they reduce waves, enhance speed, create less noise, etc. Furthermore, these vehicles find extensive applications for both commercial and recreational purposes across the globe.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Marine Electric Vehicles Industry Trends and Drivers:
The inflating need for low and zero-emission vessels, owing to the escalating demand for shipping and the rising consumer environmental concerns, is primarily driving the marine electric vehicles market. Apart from this, the emerging trend of digitalization, as well as automation and the depletion of fossil fuels, are further stimulating the market growth. Moreover, the increasing disposable income levels of individuals are promoting the sales of seagoing enclosed workboats, yachts, ferries, workboats, personal submarines, scuba sea scooters, autonomous underwater vehicles (AUVs), etc., which is acting as another significant growth-inducing factor. Besides this, the widespread adoption of surface boats for leisure and recreational activities, on account of the expanding travel and tourism sector, and the growing utilization of underwater electric vehicles in the oil and gas industry for offshore hydrocarbon extraction, detailed ocean floor mapping, scientific research, etc., are also positively influencing the global market. Additionally, the elevating integration of these systems with high-definition (HD) cameras that transmit data to allow the inspection of the underwater environment efficiently is anticipated to fuel the marine electric vehicles market over the forecasted period.
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Global Marine Electric Vehicles Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- Type
- End use
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape:
The report also provides insights on the competitive landscape of the global marine electric vehicles with the leading players profiled in the report.
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