Marine Electric Vehicle Market Size, Share, Trends, Analysis 2024-2033

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Marine Electric Vehicle Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Marine Electric Vehicle Market Segments
The Business Research Company segments its
Marine Electric Vehicle market report as
Electric Propulsion Systems, Electric Motors,
Energy Storage Systems, Charging Infrastructure
By Technology
Small Electric Boats (Up to 6 meters),
Medium-Sized electric Boats (6-10 meters), Large
Electric ships (Over 10 meters)
By Vessel-Size
By Ownership
Rental And Charter Services, Individual Ownership
By Vehicle Type
Military Vehicle, Work Boat, Leisure And Tourist
Surface Boat, Autonomous Underwater Vehicle,
Other Vehicle Types
By Application
Leisure And Recreational, Commercial, Military
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Market Statistics
The marine electric vehicle market size has grown
rapidly in recent years. It will grow from 8.97
billion in 2023 to 10.36 billion in 2024 at a
compound annual growth rate (CAGR) of 15.5. The
marine electric vehicle market size is expected
to see rapid growth in the next few years. It
will grow to 17.27 billion in 2028 at a compound
annual growth rate (CAGR) of 13.6.
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Key Market Drivers And Trends
Drivers
The increasing demand for cruises is expected to
propel the growth of the marine electric vehicle
market going forward.
Trends
Growing maritime tourism is expected to propel
the growth of the marine electric vehicle market
going forward. 
Region
North America was the largest region in the
marine electric vehicle market in 2023. The
regions covered in the marine electric vehicle
market report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America,
Middle East, Africa.
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Key Market Players

• Major players in the Marine Electric Vehicle
  market are
• ABB Ltd
• Torqeedo GmbH
• Corvus Energy Ltd
• Duffy Electric Boat Company
• Electrovaya Inc
• And more.

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