Albany, NY -- (SBWire) -- 10/06/2016 --The adoption of electric vehicles has increased considerably as they produce lower carbon emissions than fuel-powered vehicles. In addition, scarcity of fuel reserves has shifted the demand for the use of alternative energy sources, which in turn, propels the ships and boats market. There are three types of electric vehicles, which are as follows:
- Battery electric vehicle
- Plug-in hybrid electric vehicles
- Hybrid electric vehicles
The global marine electric vehicles market to grow at a CAGR of 9.53% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global marine electric vehicles market for 2016-2020.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Technavio's report, Global Marine Electric Vehicles Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Boesch Motorboote
- Duffy Electric Boat
- Ruban Bleu
- Torqeedo
- Triton Submarines
Other prominent vendors
- CORVUS ENERGY
- Electrovaya
- Saft
- Tamarack Lake Electric Boat Company
Market driver
- Growing demand from commercial users
- For a full, detailed list, view our report
Market challenge
- Limited range and high cost of batteries
- For a full, detailed list, view our report
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Key questions answered in this report:-
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Marine Electric Vehicles Market to Grow at a CAGR of 9.53% During Forecast 2016-2020
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