Marine Electric Vehicles Market Analysis by Current Industry Status & Emerging Investors, Technology, Top Key Players, Target Audience and Forecast to 2021
Marine Electric Vehicles Market by Type (UUV, MUV, Space Craft, BUUC, Workboats, and Others) and by Geography – Forecast To 2021
Pune, India – May 2, 2018 /MarketersMedia/ —
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.
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Key Players
Boesch Motorboote (Switzerland),
Electrovaya (Canada),
Corvus Energy (Canada),
Motorboote (Switzerland),
Duffy Electric Boat(U.S.),
Torqeedo(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.
Industry/ Innovation/ Related News:
April 2018: Washington State Governor signed a transportation contract for three ferries for hybrid electric vehicles.
April 2018: Templar Marine manufactured its 26-foot eco-friendly cruiser powered by silent and rechargeable lithium-ion battery.
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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