An Ultimate PDF Guide of Electric Boat

Electric boat is aform of electric vehicle that is designed to carry off marine operations by propelling the Boat through batteries rather than by fuel.Batteries used in electric boat are similar to the batteries used in electric vehicles. Initially, demand forelectric boat wasreduced after the invention of fuel-powered boats,but governmentsarefocusing toward innovation,leading to the increased usage of electric boats. These boatsare expected toreduce the cost of fuel and emission of harmful gases. Therefore, increased demand for such boat is estimated toenhance electric vehicle (EV) manufacturers to increase the production of electric boats, thus supplementing the growth of the market.

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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Increase in population and awareness among people ofincreasing pollution and increase in disposable income of people drivethe growth of the electric boat market.Moreover, high cost &demand for fast-speed chargers to charge high horsepower motors restrains the growth of the electric boat market. On the other hand, with improving infrastructure and technology of hybrid type, electric boat experience lucrative opportunities to grow in present as well as future.

Risein population and awareness among people ofincrease inpollution

With increase in demand fortransportation and traveling through marines, pollution has become the major factor harming the environment.Thus,electric boat market provide the solution for an eco-friendly environment and also help in the growth of the electric boat market.

Increase indisposable income of people

With improving infrastructure and economic growth of country, there is an increase in disposable income of people, which facilitates them to choose boat as a better means of transportation.With increasing disposable income, demand for boating services is increasing, which is another factor supplementing the growth of electric boat in the near futur

Electric boats use battery power for propulsion of the rotor motor to achieve momentum. Electric boated used the same batteries which are used in electric vehicles. As these boat does not uses internal combustion engine, these boats are silent, clean and offers efficient propulsion. The batteries used in electric boats are either nickel based, lead acid, or lithium ion.

Key Players: Frauscher, Duffy Electric Boats Company, RAND Boat ApS, Echandia Marine AB, GardaSolar s.r.l., Lillebror Marine, Canadian Electric Boats Company, Quadrofoild.o.o., NavAltBoats, and LTSMARINE

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