World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search
The go-green initiative has catapulted the business models of multiple industries globally and the boating industry is no exception. With traditional gasoline and diesel powered boats significantly increasing pollution levels, the need for alternate sources of energy to propel boats has pushed manufacturers to introduce eco-friendly boats in the global market. Hybrid boats powered by solar energy are fast emerging as an attractive alternative to conventional boats owing to the zero emission factor. Further, installation of solar panels in boats reduces the weight of the boats considerably, and offers an added advantage of noise reduction. This makes solar powered boats perfect for recreational activities. Manufacturers are innovating to design solar hybrids with increased passenger capacity in keeping with the rising market demand.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5121
Earlier, propulsion systems in boats were powered by lead acid batteries. The use of lead acid batteries in electric boats comes with several disadvantages including added bulk and low battery cycle time. The latest trend is the adoption of lithium ion batteries for power generation in boats. Lithium ion batteries with phosphate technology are the newest trend in the global market. Besides a huge life of 10 times more than lead acid batteries, lithium ion batteries are lightweight, charge faster, have low toxicity levels, and require relatively low maintenance. These batteries can be disposed of in an environmentally friendly manner as compared to lead acid batteries. These properties have shifted boat manufacturers’ preferences towards lithium ion batteries.
These trends are defining the positive growth trajectory of the global electric boats market, which, according to a recent analysis by Future Market Insights, is projected to exhibit a growth rate of 11.0%, moving from a valuation of US$ 106,029.4 Th in 2017 to US$ 327,678.2 Th by the end of 2028.
Increase in sales revenue of electric boats can be attributed to the following key factors:
North America Undisputed Leader in the Global Market; Western Europe to Stay Second in Line
Needless to say, North America projects the highest demand and adoption of electric boats, given the thrust on boating as a leisure activity among the American population. Western Europe is the second biggest market in terms of sales of electric boats, again given the increasing preference for recreational boating activities in the region. Markets in the Middle East & Africa and India are yet to be fully tapped and are currently witnessing relatively moderate growth in terms of both demand and sales of electric boats.
Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-5121
The market is segmented as given below:
Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-5121
Vendors in the global electric boats market need to focus on introducing newer hybrid models that can propel on diesel / petrol as well as electric systems in keeping with the surge in consumer demand. Focussing on certain key markets in developing economies can prove to be beneficial in the long run, given that the populace in these regions is growing financially and is looking for more water based recreational activities. Boating as a leisure activity is fast gaining traction and manufacturers would do well to expand their distribution network in fast growing economies of the SEA & Pacific and countries such as China.
Top Reports Related To Automotive Market Insights
Aircraft Strut Market are expected to surpass US$ 8.5 Billion by 2032 - Comprehensive Research Report by FMI
Automotive Oil Pressure Switch Market is expected to be valued at US$ 9.6 Billion in 2032 - Comprehensive Research Report by FMI
Trim Tabs Market is anticipated to grow at a steady CAGR of over 3.1% during the forecast period from 2022 to 2032 – Comprehensive Research Report by FMI
Electric Bike Market : global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).
Automotive Interior Leather Market : According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Unit No: 1602-006 Jumeirah Bay 2 Plot No: JLT-PH2-X2A Jumeirah Lakes Towers Dubai United Arab Emirates LinkedIn| Twitter| Blogs For Sales Enquiries: firstname.lastname@example.org For Media Enquiries: email@example.com Website: https://www.futuremarketinsights.com Report: https://www.futuremarketinsights.com/reports/electric-boats-market
© Scoop Media Future Market Insights Future Market Insights is the premier provider of market intelligence and consulting services Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices. Contact Future Market Insights Website - Reports Link - Published Reports Link - Upcoming Reports Link - Blogs Link - Media Center Event - Growth Opportunities in Vegan and Plant Based
Future Market Insights is the premier provider of market intelligence and consulting services
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices.
Somalia: 'Dire And Grim’ Drought, Impacting More Than 7 Million Accompanying Somalia’s newly-appointed drought envoy on his first field visit, the United Nations’ top humanitarian official for the Horn of Africa country warned on Tuesday of the devastating outlook for millions of affected Somalis, amidst heightened risks of famine... More>>
UN News: Monkeypox Transmission May Have Gone Undetected ‘For Some Time’ Thirty non-endemic countries have reported more than 550 confirmed cases of monkeypox, the head of the World Health Organization (WHO) said on Wednesday... More>>
Niue: Continues Relations With The People’s Republic Of China Niue’s Premier of Niue, Hon. Dalton Tagelagi spoke with His Excellency State Councillor and Foreign Minister of the People’s Republic of China Wang Yi as part of a meeting of Ministers of Foreign Affairs from across the Pacific region... More>>
Saudi Arabia: Death Penalty Against Juvenile Offender Amounts To Arbitrary Deprivation Of Life, Say UN Experts UN human rights experts* today called on the Government of Saudi Arabia to immediately release Abdullah al-Howaiti and quash the death penalty against him for crimes he allegedly committed as a child... More>>
Access Now: Elon Musk’s Twitter Buyout Must Not Come At The Expense Of Human Rights Following today’s announcement that Elon Musk will acquire complete ownership of Twitter in a cash sale of around 44 billion USD, pending shareholder approval, Access Now urges Twitter’s Board, employees, and shareholders... More>>
Oilprice.comDemocracy NowRaw StoryIndymedia (Global)Google NewsSlashdotGuardian NewspaperThe IndependentWashington PostNew York TimesBBC NewsAl JazeeraThe Huffington PostCouncil on Hemispheric AffairsGreen Peace