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Global Marine Electric Vehicles Market to grow at a CAGR of 9.53% during the period 2016-2020

Press release   •   Jul 06, 2016 09:31 EDT

About the Marine Electric Vehicles Market

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

Technavios analysts forecast the Global Marine Electric Vehicles Market to grow at a CAGR of 9.53% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine electric vehicles market for 2016-2020.

Download Detail Report With Complete TOC at: http://www.marketresearchreports.biz/sample/sample/745977

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

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

Market trend

Implementation of marine plug-in hybrid electric vehicles

For a full, detailed list, view our report

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?