Global Marine Electric Vehicles Market 2016-2020
About the Marine Electric Vehicles Market
The adoption of electric vehicles has increased considerably as they produce lower carbon emissions than fuel-powered vehicles. In addition, scarcity of fuel reserves has shifted the demand for the use of alternative energy sources, which in turn, propels the ships and boats market. There are three types of electric vehicles, which are as follows:
Technavio Announces the Publication of its Research Report – Global Marine Electric Vehicles Market 2016-2020
Technavio recognizes the following companies as the key players in the global marine electric vehicles market: Boesch Motorboote, Duffy Electric Boat, Ruban Bleu, Torqeedo, and Triton Submarines.
Other Prominent Vendors in the market are: CORVUS ENERGY, Electrovaya, Saft, and Tamarack Lake Electric Boat Company.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is helping to boost market growth is the implementation of marine plug-in hybrid vehicles. Plug-in hybrid electric vehicles or grid-enabled vehicles (GEV) have decreased the use of combustion engines, which in turn has reduced the generation of greenhouse gasses. These vehicles store electricity onboard within rechargeable packs. Moreover, the vehicles are configured with lateral controllable thrust and fully vectored rotation (360), which assist the use of any combination of horizontal, lateral, and rotational motions (such as rotate about an axis, move sideways, move forward with translation, and park in wind and currents).”
According to the report, a key growth driver is the growing demand from commercial users. The demand for landing craft is growing steadily as these vessels are cost efficient, faster, reliable, easy to maintain, and eco-friendly. In commercial operations, the crafts provide logistic support for a broad range of equipment such as survey equipment, drilling rigs, cranes, and light vehicles. The crafts' main cabin can also be designed to carry passengers and crew. They can be equipped with seismic survey equipment that enables the operator to conduct research and search and rescue operations.
Further, the report states that one challenge that could curtail market growth is the limited range and high cost of batteries.
Boesch Motorboote, Duffy Electric Boat, Ruban Bleu, Torqeedo, Triton Submarines, CORVUS ENERGY, Electrovaya, Saft, Tamarack Lake Electric Boat Company.
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