Global Electric Boats Market Showcases Promising Growth During Forecast 2017-202

Posted by Arslan on December 27th, 2018

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Electric Boats Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

Recreational activities such as boating and fishing are enjoyed by a large percentage of the population across the developed countries in North America and Europe. This has led to the proliferation of the boating industry in these regions. Further, the use of powered boats for security purposes is also driving increasing adoption across the globe. The deployment of police boats – particularly electric boats – is predominant in the United States followed by Canada, Germany, and the United Kingdom. Electric boats are used to patrol the seas and monitor criminal activities like goods smuggling. These boats are also used as rescue vehicles owing to the speed with which they can traverse the seas and carry out mid-sea rescue operations efficiently.

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With increasing pollution due to conventional propulsion systems such as marine fuels and marine diesel, the density of polluting agents such as SOx and NOx has increased significantly since the past few years. This is one of the prime reasons that is expected to increase the adoptability of electric boats for numerous purposes. Moreover, with the increase in disposable income of the population across the globe, the spending on tourism activities has increased significantly. This is further anticipated to boost the demand for electric boats for tourism and recreational purposes.

Of late, solar hybrid electric boats are gaining popularity across the globe, owing to their environment friendly characteristics. Lithium Ion technology is also evolving in the global market. With numerous disadvantages associated with lead acid batteries, the demand for a better propulsion technology has led to the introduction of lithium ion batteries. These factors are expected to augment demand and sales of electric boats in the coming years.