The market for hybrid and pure electric boats and ships will rise rapidly to over $20 billion worldwide in 2027 for non-military version

There are already over 100 manufacturers of electric boats and ships. The report finds that the market for hybrid and pure electric boats and ships will rise rapidly to over $20 billion worldwide in 2027 for non-military versions. Recreational boats is the largest and fastest growing electric marine market in sales number, followed by underwater leisure and autonomous underwater vehicles. On-water commercial marine category is currently the largest marine EV value market. Leisure craft on inland waterways, notably in the USA and Europe, will become the largest sector as more places from Germany to India ban internal combustion engines or, as with SunMoon Lake in Taiwan, the operators unanimously agree to go clean and quiet.

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