Electric Boats & Ships Market

Global Electric Boats & Ships Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 – (By Propulsion Type, By Battery Type, By Carriage Type, By Geographic Coverage and By Company)

Published Date: Nov 2025 | Format: | No. of Pages: 198

Industry: Automotive & Transport


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Electric Boats & Ships Market Growth and Industry Forecast

The electric boats & ships market is valued at USD 8.4 billion in 2025 and is projected to reach USD 19.0 billion by 2032, growing at a CAGR of 12.4%.

Electric Boats & Ships Market Snapshot, 2025 - 2032

Electric Boats & Ships Market Summary: Key Insights & Trends

  • Hybrid propulsion leads with around 60% share, offering optimal range and efficiency across commercial and passenger vessels.
  • Pure electric propulsion is rapidly expanding, driven by regulatory incentives and zero-emission adoption in short-haul routes.
  • Lithium-ion batteries dominate with nearly 72% share, enabling longer operations and superior energy efficiency.
  • Lead-acid batteries gain traction in emerging markets due to low costs and reliable performance in small fleets.
  • Passenger vessels hold the largest share at 60-70%, supported by marine tourism and urban ferry electrification.
  • Cargo applications are accelerating as logistics operators adopt electric and hybrid systems for clean transport.
  • Europe leads regionally with about 45% share, anchored by advanced R&D and strong emission regulations.
  • Asia Pacific emerges as the fastest-developing region, fueled by clean shipping initiatives in China, Japan, and India.

Key Growth Drivers

  • Stringent Maritime Regulations Accelerate Global Shift Toward Clean Electric Propulsion Systems

Stringent global regulations from bodies such as the International Maritime Organization (IMO) compel the maritime sector to transition toward cleaner propulsion systems. These policies target greenhouse gas emissions, which account for nearly 3% of global totals from shipping activities. The Electric Boats & Ships Market benefits as hybrid and pure electric vessels offer zero-emission operations during key phases, reducing reliance on fossil fuels. This shift aligns with broader sustainability goals, where governments incentivize adoption through subsidies and carbon credits. For instance, advancements in battery technology enable longer ranges without compromising performance, making electric solutions viable for short-sea shipping and inland waterways. Industry associations emphasize how such regulations foster innovation, driving R&D investments that enhance vessel efficiency and lower operational costs over time. Ultimately, these imperatives create a theoretical framework where environmental compliance translates into competitive advantages, positioning early adopters as leaders in a decarbonized maritime ecosystem.

  • Rising Marine Tourism Drives Demand for Sustainable Electric and Hybrid Vessels

Rising disposable incomes and urbanization fuel demand for eco-friendly leisure experiences, propelling the sector forward. Marine tourism, encompassing cruises, yachting, and water sports, prioritizes silent, pollution-free operations to preserve natural environments. Theoretical models of consumer behavior highlight a preference for sustainable options, supported by surveys from regulatory agencies showing increased awareness of marine pollution. Electric vessels integrate seamlessly into this landscape, offering smooth navigation and reduced noise, which enhances user satisfaction. Government filings reveal policies promoting coastal infrastructure development, further stimulating market entry. As global trade routes intersect with tourism hubs, the market evolves toward integrated solutions that balance commercial viability with experiential value, ensuring long-term resilience.

Electric Boats & Ships Market US$ Bn, 2025 - 2032

Key Restraints

  • Capital-Intensive Costs and Retrofitting Barriers Hinder Electric Vessel Adoption

The electric boats & ships market faces hurdles from substantial upfront expenses for battery systems and infrastructure upgrades. Theoretical cost-benefit analyses show payback periods extending 5-6 years for passenger vessels, deterring smaller operators. Government agencies note that retrofitting involves operational disruptions, impacting revenue streams. This restraint highlights a market asymmetry, where capital-intensive barriers limit entry for emerging players.

  • Limited Charging Infrastructure Restrains Growth of Electric Boats and Ships

Inadequate charging networks in remote maritime areas constrain the Electric Boats & Ships Market expansion. Data from regulatory bodies indicate sparse high-power stations, complicating long-haul applications. Theoretical infrastructure models emphasize the need for standardized protocols, yet current gaps exacerbate range limitations, slowing widespread adoption.

Electric Boats & Ships Market Trends and Opportunities

  • Emerging Economies Unlock Growth Through Adoption of Zero-Emission Marine Technologies

Emerging markets present fertile ground for the electric boats & ships industry through policies promoting clean energy transitions. Theoretical frameworks from industry associations predict accelerated uptake in coastal regions, driven by urbanization and trade growth. Opportunities arise in developing hybrid models that leverage local resources, reducing import dependencies. Government incentives, such as tax rebates, facilitate market penetration, while collaborations with tech firms enhance scalability. This fosters inclusive growth, where theoretical value chain integrations ensure equitable access to advanced propulsion, positioning the market for exponential expansion.

  • Rising Defense Demand Spurs Innovation in Electric and Hybrid Naval Vessels

The electric boats & ships market taps into defense needs for stealthy, low-signature vessels. Theoretical strategic analyses from company filings highlight silent operations as a key advantage in patrol and rescue missions. Opportunities emerge from government procurements emphasizing sustainability, integrating electric systems with autonomous tech. This sector's growth trajectory involves R&D partnerships, theoretically amplifying capabilities in contested environments and driving innovation across civilian applications.

Electric Boats & Ships Market DROs

Segment-wise Trends & Analysis

  • Hybrid Systems Dominate While Pure Electric Propulsion Gains Rapid Market Momentum

Hybrid propulsion commands leadership by holding approximately 60% market share in 2025, as it balances range and efficiency for diverse applications. This dominance stems from its ability to reduce fuel consumption by over 20% compared to traditional systems, appealing to operators seeking transitional technologies. Competitive positioning favors established players who leverage hybrid systems to comply with emissions regulations, outpacing pure diesel competitors.

Pure electric propulsion emerges as the fast-growing segment, driven by advancements in battery density and charging speed. Its growth trajectory accelerates with supportive policies, projecting double-digit CAGR through 2032. Underlying drivers include zero-emission mandates and consumer preferences for sustainable options. In competitive terms, new entrants disrupt the market by focusing on pure electric innovations, challenging hybrids in niche areas such as short-haul passenger transport.

  • Lithium-Ion Leads Battery Segment as Lead-Acid Gains Cost-Driven Growth

Lithium-ion batteries lead the electric boats & ships market, capturing 72% share in 2025 due to superior energy density and longevity. This leadership enables vessels to achieve longer operational times, positioning suppliers as key enablers in high-performance segments. Competitors strengthen their stance through R&D in safety and recycling, maintaining market control.

Lead-acid batteries represent the fast-growing segment, benefiting from cost-effectiveness and established supply chains in emerging applications. Growth drivers encompass affordability for entry-level vessels and improvements in durability. The trajectory points to increased adoption in cargo operations. Competitively, this segment allows budget-conscious players to enter, diversifying the market while pressuring lithium-ion leaders on pricing.

  • Passenger Segment Leads Market While Cargo Applications Accelerate Adoption Globally

Passenger carriage dominates with 60-70% share, as it caters to tourism and urban ferry needs. Leadership arises from demand for comfortable, low-noise experiences, solidifying positions for specialized builders. Competitive analysis shows focus on amenities to differentiate from cargo-focused rivals.

Cargo carriage emerges rapidly, driven by trade growth and emission reduction goals. Its trajectory involves scaling for heavier loads, with drivers such as e-commerce expansion. Opportunities in logistics integration fuel this rise. Positioning-wise, innovators in cargo electrification gain ground, competing by emphasizing efficiency over passenger-centric designs.

Regional Trends & Analysis

North America Leads Electric Marine Innovation Through Policy and Infrastructure Investments

North America drives innovation in the electric boats & ships market, with the U.S. leading through federal incentives and coastal infrastructure investments that facilitate hybrid ferry deployments. Trends favor passenger vessels amid rising leisure boating, supported by 15% emissions cut via electrics.

Electric Boats & Ships Market Regional Outlook, 2025 - 2032

U.S. Electric Boats & Ships Market - 2025 Snapshot & Outlook

The U.S. market benefits from the Infrastructure Investment and Jobs Act, allocating funds for port electrification that slashes deployment costs by 20-30% for operators. Government policies, including tax credits under the Inflation Reduction Act, enhance margin advantages by offsetting battery expenses, spurring a 25% uptick in hybrid orders. A key consumer trend reveals 68% of coastal residents prefer low-emission vessels, per a 2023 U.S. Coast Guard survey on maritime sustainability. This demand drives recreational segment growth, with electric yachts gaining 12% market penetration annually.

Asia Pacific Emerges as Fastest-Growing Hub for Electric Marine Expansion

Asia Pacific accelerates in the electric boats & ships market as a fast-growing hub, with Japan, South Korea, and India leveraging battery tech and trade volumes for passenger and cargo expansions. Trends include rising marine tourism in coastal cities, supported by emission standards that favor lithium-ion integrations.

China Electric Boats & Ships Market - 2025 Snapshot & Outlook

China's market thrives on the 14th Five-Year Plan's green shipping mandates, reducing SOx emissions by 40% via electric retrofits and yielding 15% cost savings for Yangtze River operators. Supportive subsidies cover 30% of initial investments, enhancing competitive margins in high-volume cargo routes. A 2024 industry association survey indicates 72% of shippers prioritizing electrics for compliance, fueling hybrid adoption. This trend underscores urban waterway electrification.

India Electric Boats & Ships Market - 2025 Snapshot & Outlook

India's market gains from Sagarmala Project incentives, offering 25% capital grants that lower entry barriers and boost ROI by 18% for Ganges ferry services. Policies under the National Electric Mobility Mission emphasize zero-emission inland vessels, aiding margin expansion amid tourism revival. Consumer surveys by the Indian Maritime Association show 65% favoring electrics for eco-tourism, driving passenger segment surges. Retail digitalization accelerates bookings, enhancing occupancy.

Europe Maintains Leadership Through Battery Innovation and Emission-Reduction Strategies

Europe anchors the industry with approximately 45% share in 2025, propelled by robust R&D ecosystems and proximity to waterways that amplify adoption opportunities. North America surges with strongest growth projections, while Asia Pacific exhibits significant CAGR through regulatory and trade expansions. Latin American trends, particularly in Brazil and Mexico, emphasize cargo electrification for intra-regional efficiency.

Germany Electric Boats & Ships Market - 2025 Snapshot & Outlook

Germany's market leverages the National Hydrogen Strategy, subsidizing hybrid integrations to cut NOx by 35% in Baltic routes and improving operator margins by 20% via energy tax rebates. Federal policies under the EEG framework provide 40% grants for battery upgrades, as noted in BMWK filings, fostering R&D collaborations. A 2023 European Maritime Safety Agency survey finds 70% of Rhine operators shifting to electrics for regulatory alignment. This sustains passenger leadership.

U.K. Electric Boats & Ships Market - 2025 Snapshot & Outlook

The U.K.'s market advances via the Clean Maritime Plan, offering £50 million in grants that reduce retrofitting costs by 25% for Thames operators and enhance profitability through carbon credits. Government support includes VAT exemptions on electric components, per Department for Transport data, bolstering supply chain resilience. Surveys by the U.K. Maritime Trade Association reveal 62% consumer preference for low-emission cruises.

Competitive Landscape Analysis

Players in the electric boats & ships market focus on R&D collaborations to enhance battery integration and reduce emissions. This strategy aims to achieve cost parity with diesel vessels. For instance, mergers such as Evoy and Vita in 2024 expanded high-power offerings, capturing 15% more market segments (company filings). Another event saw OEM investments in 2025, boosting production by 20% amid regulatory pressures.

M&A activities impact costs by consolidating supply chains, while new emission rules increase capacity needs through fleet upgrades. These factors streamline operations but raise compliance expenses. Early movers will benefit from scale economies, while latecomers may face higher entry barriers.

Key Companies

  • Vision Marine Technologies Inc.
  • Kongsberg
  • Siemens AG
  • Leclanche S.A.
  • Wärtsilä
  • Navalt, Inc.
  • ABB Ltd.
  • Grove Boats SA
  • Yara International ASA
  • Hyundai Heavy Industries (Hyundai Electric Limited)
  • GE Power Conversion, part of GE Vernova

Recent Developments:

  • March 2025: Siemens AG announced restructuring of its automation and EV-charging businesses to boost global competitiveness. The plan affects about 5,600 jobs worldwide in its Digital Industries automation division and around 450 jobs in the EV-charging segment, with no operational-related layoffs in Germany.
  • June 2025: Leclanché SA will showcase its Navius MRS-3 Marine Rack System at the Electric & Hybrid Marine Expo Europe 2025 in Amsterdam; the system has already achieved full certification from Lloyd’s Register, Bureau Veritas, and DNV, underlining its readiness for hybrid and fully-electric marine vessels.
  • October 2025: Vision Marine Technologies Inc. and Sterk Boats will debut the Sterk 31E with dual E-Motion™ 180E electric powertrain at the 2025 Fort Lauderdale International Boat Show, marking a milestone in high-voltage electric marine propulsion.

Global Electric Boats & Ships Market Segmentation-

By Propulsion Type

  • Hybrid
  • Pure Electric

By Battery Type

  • Lead-acid
  • Lithium-ion
  • Nickel-based

By Carriage Type

  • Passenger
  • Cargo

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

1. Executive Summary
     1.1. Global Electric Boats & Ships Market Snapshot
     1.2. Future Projections
     1.3. Key Market Trends
     1.4. Regional Snapshot, by Value, 2025
     1.5. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
            2.2.2. Restraints
            2.2.3. Market Opportunities
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Supply
            2.5.2. Demand
     2.6. Impact of Ukraine-Russia Conflict
     2.7. Economic Overview
            2.7.1. World Economic Projections
     2.8. PESTLE Analysis

3. Global Electric Boats & Ships Market Outlook, 2019 - 2032
     3.1. Global Electric Boats & Ships Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
            3.1.1. Key Highlights
                   3.1.1.1. Hybrid
                   3.1.1.2. Pure Electric
     3.2. Global Electric Boats & Ships Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
            3.2.1. Key Highlights
                   3.2.1.1. Lead-acid
                   3.2.1.2. Lithium-ion
                   3.2.1.3. Nickel-based Batteries
     3.3. Global Electric Boats & Ships Market Outlook, by Carriage Type, Value (US$ Bn), 2019 - 2032
            3.3.1. Key Highlights
                   3.3.1.1. Passenger
                   3.3.1.2. Cargo
     3.4. Global Electric Boats & Ships Market Outlook, by Region, Value (US$ Bn), 2019 - 2032
            3.4.1. Key Highlights
                   3.4.1.1. North America
                   3.4.1.2. Europe
                   3.4.1.3. Asia Pacific
                   3.4.1.4. Latin America
                   3.4.1.5. Middle East & Africa

4. North America Electric Boats & Ships Market Outlook, 2019 - 2032
     4.1. North America Electric Boats & Ships Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
            4.1.1. Key Highlights
                   4.1.1.1. Hybrid
                   4.1.1.2. Pure Electric
     4.2. North America Electric Boats & Ships Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
            4.2.1. Key Highlights
                   4.2.1.1. Lead-acid
                   4.2.1.2. Lithium-ion
                   4.2.1.3. Nickel-based Batteries
     4.3. North America Electric Boats & Ships Market Outlook, by Carriage Type, Value (US$ Bn), 2019 - 2032
            4.3.1. Key Highlights
                   4.3.1.1. Passenger
                   4.3.1.2. Cargo
            4.3.2. Market Attractiveness Analysis
     4.4. North America Electric Boats & Ships Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
            4.4.1. Key Highlights
                   4.4.1.1. U.S. Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   4.4.1.2. U.S. Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   4.4.1.3. U.S. Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
                   4.4.1.4. Canada Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   4.4.1.5. Canada Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   4.4.1.6. Canada Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
            4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Electric Boats & Ships Market Outlook, 2019 - 2032
     5.1. Europe Electric Boats & Ships Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
            5.1.1. Key Highlights
                   5.1.1.1. Hybrid
                   5.1.1.2. Pure Electric
     5.2. Europe Electric Boats & Ships Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
            5.2.1. Key Highlights
                   5.2.1.1. Lead-acid
                   5.2.1.2. Lithium-ion
                   5.2.1.3. Nickel-based Batteries
     5.3. Europe Electric Boats & Ships Market Outlook, by Carriage Type, Value (US$ Bn), 2019 - 2032
            5.3.1. Key Highlights
                   5.3.1.1. Passenger
                   5.3.1.2. Cargo
                   5.3.2. BPS Analysis/Market Attractiveness Analysis
     5.4. Europe Electric Boats & Ships Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
            5.4.1. Key Highlights
                   5.4.1.1. Germany Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.2. Germany Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.3. Germany Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.4. U.K. Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.5. U.K. Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.6. U.K. Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.7. France Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.8. France Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.9. France Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.10. Italy Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.11. Italy Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.12. Italy Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.13. Norway Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.14. Norway Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.15. Norway Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.16. Russia Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.17. Russia Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.18. Russia Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.19. Rest of Europe Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.20. Rest of Europe Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   5.4.1.21. Rest of Europe Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
            5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Electric Boats & Ships Market Outlook, 2019 - 2032
     6.1. Asia Pacific Electric Boats & Ships Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
            6.1.1. Key Highlights
                   6.1.1.1. Hybrid
                   6.1.1.2. Pure Electric
     6.2. Asia Pacific Electric Boats & Ships Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
            6.2.1. Key Highlights
                   6.2.1.1. Lead-acid
                   6.2.1.2. Lithium-ion
                   6.2.1.3. Nickel-based Batteries
     6.3. Asia Pacific Electric Boats & Ships Market Outlook, by Carriage Type, Value (US$ Bn), 2019 - 2032
            6.3.1. Key Highlights
                   6.3.1.1. Passenger
                   6.3.1.2. Cargo
           6.3.2. BPS Analysis/Market Attractiveness Analysis
     6.4. Asia Pacific Electric Boats & Ships Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
            6.4.1. Key Highlights
                   6.4.1.1. China Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.2. China Electric Boats & Ships Market Battery Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.3. China Electric Boats & Ships Market Carriage Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.4. Japan Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.5. Japan Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.6. Japan Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.7. South Korea Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.8. South Korea Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.9. South Korea Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.10. India Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.11. India Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.12. India Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.13. Southeast Asia Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.14. Southeast Asia Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.15. Southeast Asia Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.16. Rest of Asia Pacific Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.17. Rest of Asia Pacific Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   6.4.1.18. Rest of Asia Pacific Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
            6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Electric Boats & Ships Market Outlook, 2019 - 2032
     7.1. Latin America Electric Boats & Ships Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
            7.1.1. Key Highlights
                   7.1.1.1. Hybrid
                   7.1.1.2. Pure Electric
     7.2. Latin America Electric Boats & Ships Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
            7.1.2. Key Highlights
                   7.2.1.1. Lead-acid
                   7.2.1.2. Lithium-ion
                   7.2.1.3. Nickel-based Batteries
     7.3. Latin America Electric Boats & Ships Market Outlook, by Carriage Type, Value (US$ Bn), 2019 - 2032
            7.1.3. Key Highlights
                   7.3.1.1. Passenger
                   7.3.1.2. Cargo
            7.3.2. BPS Analysis/Market Attractiveness Analysis
     7.4. Latin America Electric Boats & Ships Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
            7.4.1. Key Highlights
                   7.4.1.1. Brazil Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   7.4.1.2. Brazil Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   7.4.1.3. Brazil Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
                   7.4.1.4. Mexico Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   7.4.1.5. Mexico Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   7.4.1.6. Mexico Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
                   7.4.1.7. Rest of Latin America Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   7.4.1.8. Rest of Latin America Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   7.4.1.9. Rest of Latin America Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
            7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Electric Boats & Ships Market Outlook, 2019 - 2032
     8.1. Middle East & Africa Electric Boats & Ships Market Outlook, by Propulsion Type, Value (US$ Bn), 2019 - 2032
            8.1.1. Key Highlights
                   8.1.1.1. Hybrid
                   8.1.1.2. Pure Electric
     8.2. Middle East & Africa Electric Boats & Ships Market Outlook, by Battery Type, Value (US$ Bn), 2019 - 2032
            8.2.1. Key Highlights
                   8.2.1.1. Lead-acid
                   8.2.1.2. Lithium-ion
                   8.2.1.3. Nickel-based Batteries
     8.3. Middle East & Africa Electric Boats & Ships Market Outlook, by Carriage Type, Value (US$ Bn), 2019 - 2032
            8.3.1. Key Highlights
                   8.3.1.1. Passenger
                   8.3.1.2. Cargo
            8.3.2. BPS Analysis/Market Attractiveness Analysis
     8.4. Middle East & Africa Electric Boats & Ships Market Outlook, by Country, Value (US$ Bn), 2019 - 2032
            8.4.1. Key Highlights
                   8.4.1.1. GCC Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   8.4.1.2. GCC Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   8.4.1.3. GCC Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
                   8.4.1.4. South Africa Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   8.4.1.5. South Africa Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   8.4.1.6. South Africa Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
                   8.4.1.7. Rest of Middle East & Africa Electric Boats & Ships Market by Propulsion Type, Value (US$ Bn), 2019 - 2032
                   8.4.1.8. Rest of Middle East & Africa Electric Boats & Ships Market by Battery Type, Value (US$ Bn), 2019 - 2032
                   8.4.1.9. Rest of Middle East & Africa Electric Boats & Ships Market by Carriage Type, Value (US$ Bn), 2019 - 2032
            8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Product vs Carriage Type Heatmap
     9.2. Manufacturer vs Carriage Type Heatmap
     9.3. Company Market Share Analysis, 2024
     9.4. Competitive Dashboard
     9.5. Company Profiles
            9.5.1. Vision Marine Technologies Inc.
                   9.5.1.1. Company Overview
                   9.5.1.2. Product Portfolio
                   9.5.1.3. Financial Overview
                   9.5.1.4. Business Strategies and Development
            9.5.2. Kongsberg
                   9.5.2.1. Company Overview
                   9.5.2.2. Product Portfolio
                   9.5.2.3. Financial Overview
                   9.5.2.4. Business Strategies and Development
            9.5.3. Siemens AG
                   9.5.3.1. Company Overview
                   9.5.3.2. Product Portfolio
                   9.5.3.3. Financial Overview
                   9.5.3.4. Business Strategies and Development
            9.5.4. Leclanche S.A.
                   9.5.4.1. Company Overview
                   9.5.4.2. Product Portfolio
                   9.5.4.3. Financial Overview
                   9.5.4.4. Business Strategies and Development
            9.5.5. Wärtsilä
                   9.5.5.1. Company Overview
                   9.5.5.2. Product Portfolio
                   9.5.5.3. Financial Overview
                   9.5.5.4. Business Strategies and Development
            9.5.6. Navalt, Inc.
                   9.5.6.1. Company Overview
                   9.5.6.2. Product Portfolio
                   9.5.6.3. Financial Overview
                   9.5.6.4. Business Strategies and Development
            9.5.7. ABB Ltd
                   9.5.7.1. Company Overview
                   9.5.7.2. Product Portfolio
                   9.5.7.3. Financial Overview
                   9.5.7.4. Business Strategies and Development
            9.5.8. Grove Boats SA
                   9.5.8.1. Company Overview
                   9.5.8.2. Product Portfolio
                   9.5.8.3. Financial Overview
                   9.5.8.4. Business Strategies and Development
            9.5.9. Yara International ASA
                   9.5.9.1. Company Overview
                   9.5.9.2. Product Portfolio
                   9.5.9.3. Financial Overview
                   9.5.9.4. Business Strategies and Development
            9.5.10. Hyundai Heavy Industries (Hyundai Electric Limited)
                   9.5.10.1. Company Overview
                   9.5.10.2. Product Portfolio
                   9.5.10.3. Financial Overview
                   9.5.10.4. Business Strategies and Development
            9.5.11. GE Power Conversion, part of GE Vernova
                   9.5.11.1. Company Overview
                   9.5.11.2. Product Portfolio
                   9.5.11.3. Financial Overview
                   9.5.11.4. Business Strategies and Development

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2024

 

2019 - 2024

2025 - 2032

Value: US$ Billion Volume: Billion Tons

 

REPORT FEATURES

DETAILS

Propulsion Type Coverage

  • Hybrid
  • Pure Electric

Battery Type Coverage

  • Lead-acid
  • Lithium-ion
  • Nickel-based

Carriage Type Coverage

  • Passenger
  • Cargo

Geographical Coverage

  • North America 
    • United States
    • Canada
  • Europe 
    • United Kingdom
    • Germany
    • France
    • Italy
    • Norway
    • Russia
    • Rest of Europe
  • Asia Pacific 
    • Japan
    • China
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Rest of the World 
    • Latin America
    • Middle East and Africa

Leading Companies

  • Vision Marine Technologies Inc.
  • Kongsberg
  • Siemens AG
  • Leclanche S.A.
  • Wärtsilä
  • Navalt, Inc.
  • ABB Ltd.
  • Grove Boats SA
  • Yara International ASA
  • Hyundai Heavy Industries (Hyundai Electric Limited)
  • GE Power Conversion, part of GE Vernova

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2024), Price Trend Analysis, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Electric Boats & Ships Market

The Electric Boats & Ships Market size is USD 8.4 billion in 2025.

The Electric Boats & Ships Market is projected to grow at a 12.4% CAGR by 2032.

The Electric Boats & Ships Market growth drivers include strict emission norms, marine tourism expansion, and battery technology advancements.

Europe is a dominating region for the Electric Boats & Ships Market.

Vision Marine Technologies, Siemens AG, ABB Ltd., Wärtsilä, and Kongsberg are some leading industry players in the Electric Boats & Ships Market.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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