Wednesday, 24 February 2021 Marine tourism has been expanding globally due to enhanced coastal infrastructure and increasing government initiatives for developing coastal regions not just for trade but also for tourism. In spite of the recent decrease in activity due to COVID-19, this is anticipated to provide a major impetus to electric outboard engines market over the upcoming years. According to Global Market Insights, Inc., electric outboard engines market size is projected to surpass $175 million by 2027. Pixabay
The electric outboard engines that are predominantly used for recreational activities lie in the power range of 50 – 150 kW as these engines are capable of hauling larger vessels such as luxury yachts, recreational yachts tugboats and cruisers. With significant technological advancements, engines with higher efficiency, lower environmental emissions are also widely available which is positively influencing the business space.