Marine Electric Vehicle Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Craft Application (Military, Leisure & Tourist Surface Boat, & Others), Vehicle type (Battery Electric, Plug-In Hybrid Electric & Hybrid Electric), Platform (On-water & Underwater), & Region- Forecast to 2023
BoeschMotorboote (Switzerland), Electrovaya (Canada), Corvus Energy (Canada), Andaman Boatyard (Thailand), Duffy Electric Boat (U.S.), Torqeedo GmbH (Germany), Triton Submarines (U.S.), Ruban Bleu (France), Saft (France), and Wärtsilä (Finland) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global marine electric vehicles market.
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Marine Electric Vehicles Market – Overview
The implementation of marine electric vehicles has drastically increased as they produce lower carbon emissions than fuel-powered marine vehicles. Moreover, scarcity of fuel reserves has shifted the demand of diesel and gasoline fuel to the alternative energy sources, which in turn, propels the marine electric vehicles market. Marine electric vehicles are segmented by aircraft application, vehicle type, and platform. In vehicle type, major sub-segmentation are Battery electric vehicle, Plug-in hybrid electric vehicles, and Hybrid electric vehicles.
An important feature of renewable energies, such as solar and wind, is that the fuel is free. Direct conversion of wind kinetic energy to vessel kinetic energy by sails and kites has great potential for renewable energy propulsion. Onboard wind generation of electricity is used on cruising yachts and has the potential for electricity generation on other stationary vessels.
Solar energy is proving rising application for on-board electricity generation. However, there are limitations to the practical application of solar energy to vessels. Solar energy can be converted directly into electricity with solar photovoltaic cells or into heat energy using solar thermal collectors. Solar water heating by means of thermal collectors is a well-known technology and is viable for water heating for onboard services.
A trend which is helping to boost market growth is the implementation of marine plug-in hybrid vehicles. In addition, hybrid electric vehicles or grid-enabled vehicles (GEV) have decreased the use of combustion engines, which in turn has reduced the emission of greenhouse gasses. These vehicles store electricity onboard with rechargeable batteries.
UUVs have various usages in maritime operations like offshore hydrocarbon extraction, detailed mapping of the ocean floor, and scientific research. Moreover, UUVs are equipped with high-definition cameras that efficiently receive and transmit data from the UUV to the operator. Due to this better images and improved control of the vehicle, a better inspection of the underwater environment is possible. The increasing activities related to sea level mapping from oil, gas and defense sectors will accelerate the market for marine electric vehicles during the forecast period.
The Marine Electric Vehicle Market includes on-water and underwater electric vehicles for inland waterways and the sea. Military electric aircraft are the largest market sector by value at present, but e-workboats, smaller market subsectors will increase their presence of market by value in the upcoming year. Development of green laws will help leisure and commercial marine electric vehicles sectors to grow. The major restraint for marine electric vehicles is the high battery cost and its related issues.
Marine Electric Vehicles Market – Segmentation
The global marine electric vehicles market is segmented into 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Craft Application : Military, Work boat, Leisure & Tourist Surface Boat, Autonomous Underwater Vehicle, Personal & Tourist Submarine and Others
Segmentation by Vehicle type : Battery Electric Vehicle, Plug-In Hybrid Electric vehicle and Hybrid Electric Vehicle
Segmentation by Platform : On-water and Underwater
Segmentation by Regions : North America, Europe, Asia Pacific, Middle East & Africa and South America.
Marine Electric Vehicles Market: Regional Analysis
Due to the rising fuel costs and global warming, electric vehicles are going to be the popular mode of travel in the long run. They are expected to reduce air and sound pollution and supply improved overall performance. They have the added advantage as sustaining for a long period and at low maintenance costs.
Various countries are actively attempting to increase investments to develop higher infrastructural capabilities to attract marine electric vehicles market. Governments around the world are providing incentives, adding to awareness and market growth of electric vehicles. Additionally, original instrumentation makers are investing to expand production capacity and to alter the assembly method so as to attract major players of marine electric vehicles market.
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List of Tables
Table 1 Global Marine Electric Vehicles Market: by Region, 2017-2023
Table 2 North America Marine Electric Vehicles Market: by Country, 2017-2023
Table 3 Europe Marine Electric Vehicles Market: by Country, 2017-2023
Table 4 Asia Pacificmarine Electric Vehicles Market: by Country, 2017-2023
Table 5 Middle East & Africamarine Electric Vehicles Market: by Country, 2017-2023
Table 6 South America Marine Electric Vehicles Market: by Country, 2017-2023
Table 7 Global Marine Electric Vehicles Market, by Craft Application, by Regions, 2017-2023
Table 8 North America Marine Electric Vehicles Market, by Craft Application, by Country, 2017-2023
Table 9 Europe Marine Electric Vehicles Market, by Craft Application, by Country, 2017-2023
Table 10 Asia Pacificmarine Electric Vehicles Market by Craft Application, by Country, 2017-2023
Continued…….
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Marine Electric Vehicles Market Share, by Craft Application, 2016 (%)
Figure 9 Global Marine Electric Vehicles Market, by Craft Application, 2015-2023 (Usd Million)
Figure 10 Global Marine Electric Vehicles Market Share, by Vehicle Type, 2016 (%)
Continued…….
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