This new IDTechEx Research report looks at this fragmented but often highly profitable and growing sector. 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.
All-electric systems consist of an electric motor being powered by a battery pack. Hybrid electric systems consist of a fuelled engine and energy storage used to propel the craft sometimes (parallel hybrid) or to charge the battery (series hybrid). The report, Electric Boats and Ships 2017-2027 gives a profusion of examples today and planned.
Beyond new electric craft, there is already a substantial and growing business in retrofit of hybrid electric ferries and other ships with pure electric or hybrid electric powertrains. There is also potential to sell hundreds of thousands of pure electric outboard motors yearly as they become more affordable and more energy harvesting is provided on the craft to charge the batteries, improving range. Cost of ownership plummets due to due to cheap electricity, energy harvesting and reliability. The report explains the many new forms of energy harvesting delivering on-board "free" electricity.
EV craft make numerous new options possible, including easier autonomy, record breaking ski boats, silent study of wildlife, leisure submarine, military applications, easier energy independence and reducing air and water pollution.
Steady improvement in battery performance and price will drive demand upwards as will faster charging. Electric Boats and Ships 2017-2027 gives a particularly thorough coverage of the batteries and explains supercapacitor and other system evolution. The report is essential reading for all in the marine craft supply chain plus legislators and investors seeking the latest infograms, forecasts and data in easily grasped form - commercial rather than academic.
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