/PRNewswire/ The hybrid electric marine propulsion engine market size is expected to grow by USD 1.13 billion between 2022 and 2027. However, the growth.
About 100 people gathered on the dock at the end of the Market Wharf in Saint Andrews to see a new hybrid lobster boat. The boat was a joint effort between Aspin Kemp & Associates and the Peskotomuhkati Nation.
The Passamaquoddy First Nation's new diesel-electric hybrid lobster boat is heading home to New Brunswick. The vessel and the green technology were developed by P.E.I. engineering company Aspin Kemp & Associates.
The Global Marine Hybrid Propulsion Market size was reasonably estimated to be approximately USD 4100 Million in 2023 and is poised to generate revenue over USD 7000 Million by the end of 2030, projecting a CAGR of around 6.90% from 2023 to 2030.