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Global Marine Electric Vehicles Market 2016-2020

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:

  • Battery electric vehicle
  • Plug-in hybrid electric vehicles
  • Hybrid electric vehicles
Technavio’s analysts forecast the global marine electric vehicles market to grow at a CAGR of 9.53% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine electric vehicles market for 2016-2020. The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global Marine Electric Vehicles Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Boesch Motorboote
  • Duffy Electric Boat
  • Ruban Bleu
  • Torqeedo
  • Triton Submarines
Other prominent vendors
  • CORVUS ENERGY
  • Electrovaya
  • Saft
  • Tamarack Lake Electric Boat Company
Market driver
  • Growing demand from commercial users
  • For a full, detailed list, view our report
Market challenge
  • Limited range and high cost of batteries
  • For a full, detailed list, view our report
Market trend
  • Implementation of marine plug-in hybrid electric vehicles
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

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.

Companies Mentioned

Boesch Motorboote, Duffy Electric Boat, Ruban Bleu, Torqeedo, Triton Submarines, CORVUS ENERGY, Electrovaya, Saft, Tamarack Lake Electric Boat Company.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Comparison of BEVs, PHEVs, HEVs
  • Market landscape
    • Market overview
      • Table Global marine electric vehicles market: Segmentation
    • Market size and forecast
      • Table Global marine electric vehicles market ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Global aerospace and defense supply chain system
    • Table Global aerospace and defense supply chain system
  • Global aerospace and defense value chain system
    • Table Global aerospace and defense value chain system
  • Market segmentation by vehicle type
    • Global marine electric vehicles market by vehicle type
      • Table Global marine electric vehicles: By vehicle type
      • Table Global marine electric vehicles: By vehicle type 2015
      • Table Global marine electric vehicles: By vehicle type 2020
      • Table On-water and underwater electric vehicles 2015
      • Table On-water and underwater electric vehicles 2020
  • Geographical segmentation
    • Geographical segmentation of global marine electric vehicles market 2015-2020
      • Table Geographical segmentation: 2015
      • Table Geographical segmentation: 2020
      • Table Geographical segmentation of market 2015-2020 ($ millions)
      • Table Geographical segmentation of market 2015-2020 (% share)
    • Marine electric vehicles market in the Americas
      • Table Marine electric vehicles market in the Americas 2015-2020 ($ millions)
    • Marine electric vehicles market in EMEA
      • Table Marine electric vehicles market in EMEA 2015-2020 ($ millions)
    • Marine electric vehicles market in APAC
      • Table Marine electric vehicles market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Table Applications of UUVs
    • Table Investments of the US Navy in UUVs
    • Table Impact of increasing investments on marine combat systems
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Consequences of defense budget cut
    • Table Safety concerns associated with electric vehicles
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Advantages of M-PHEV
    • Table Utility of advanced automated systems
  • Vendor landscape
    • Competitive scenario
      • Table List of vendors in global marine electric vehicles market
  • Key vendor analysis
    • Boesch Motorboote
    • Duffy Electric Boat
    • Ruban Bleu
    • Torqeedo
    • Triton Submarines
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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