Rising Demand for Zero Emission and High-Performance Boats to Boost Electric Boat Market Growth. Frauscher Sensortechnik Launches Electric Sports Boat with.
Alternatives to gasoline engines are gaining popularity around the world. Will the United States follow?
The trend now spreading all around the world is impossible to ignore. In late 2020, Slovenia-based Greenline Yachts announced a partnership to provide boats for the world’s first all-electric charter company on the Telemark Canal in Norway. A similar program is underway in Sweden with a partnership between Candela, a builder of foiling electric boats, and solar-energy provider Nordsol for a network of charging stations on the Swedish archipelago.
In December, Vetus, the Dutch company best known for bow and stern thrusters, introduced electric motors for sail and small boats, while Quebec-based Vision Marine Technologies had an initial public offering that raised $27.6 million to start production on a 180-hp electric outboard. And don’t forget Volvo Penta, which partnered with Fountaine Pajot on a 40-foot catamaran powered by electric motors that the Swedish engine manufactur
Electric Boat Market| Growing at a CAGR of 11.9% from 2019 to 2027
December 30, 2020 | by admin |
The latest market report published by Credence Research, Inc. “
Electric Boat Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the global market is worth US$ 4.49 Bn in 2018 and expected to grow at a CAGR of 11.9% during the forecast period from 2019 to 2027.
Market Insights
Advancement in battery technology and decreasing battery prices is fueling the market growth
High pollution rate of gasoline-powered combustion boat and rising fuel prices have shifted the priority of boat manufacturers to battery technology. Advancement in battery technology that offers longer run-time and higher speed is driving the demand for Electric Boat market, worldwide. In addition, noteworthy advantages offered by Electric Boat such as noiseless, smokeless, less vibration and less engine maintenance than the combustion boat helped the market to grow con