Latest news with #commercialoperators
Yahoo
06-08-2025
- Business
- Yahoo
Electric Boat Market Size, Share & Trends Analysis Report 2025-2030, with Yamaha Motor, Vision Marine Technologies, RAND Boats, SVP Yachts, ElectraCraft, Pure Watercraft, Volvo Penta, and More
Driven by robust environmental regulations and advances in lithium-ion battery technology, the electric boat market sees a 13.5% CAGR from 2025-2030. Solar and smart propulsion systems offer significant growth opportunities. Electric Boat Market Dublin, Aug. 06, 2025 (GLOBE NEWSWIRE) -- The "Electric Boat Market Size, Share & Trends Analysis Report By Boat Type (Leisure Boats, Fishing Boats, Pontoon & Deck Boats), By Propulsion Type (Outboard Electric, Inboard Electric, Hybrid), By Battery Type, By Power Source, By Region, And Segment Forecasts, 2025 - 2030" report has been added to global electric boat market size was estimated at USD 6.78 billion in 2024 and is projected to reach USD 14.09 billion by 2030, growing at a CAGR of 13.5% from 2025 to 2030. The market is gaining momentum, driven by stringent environmental regulations aimed at reducing emissions and achieving global carbon neutrality goals. Advances in lithium-ion battery technology and high-efficiency electric motors have enhanced vessel range, performance, and reliability, making electric boats increasingly viable. Rising demand from environmentally conscious consumers and commercial operators further supports market expansion. However, the high upfront costs and limited charging infrastructure pose significant barriers, while concerns regarding range and overall performance continue to limit broader market penetration. Integration of solar-powered systems and smart propulsion technologies represents a major opportunity for the electric boat environmental regulations are significantly driving the growth of the electric boat market. Governments worldwide are implementing stricter emission standards and carbon reduction targets, such as the International Maritime Organization's (IMO) 2020 sulfur cap and the European Union's Green Deal aiming for climate neutrality by 2050. These regulations mandate reduced greenhouse gas emissions and lower levels of water and air pollution from marine vessels. Consequently, boat manufacturers and operators are increasingly adopting electric propulsion systems to comply with these standards. As a result, demand for electric boats has been accelerated across both recreational and commercial sectors, with compliance serving as a key catalyst for market advancements in battery and motor efficiency are playing a pivotal role in accelerating the adoption of electric boats. These innovations are enhancing vessel range, speed, and overall reliability, making electric alternatives increasingly viable for both recreational and commercial use. For instance, in November 2022, Samsung Heavy Industries developed a liquid hydrogen fuel cell propulsion system for ships, receiving approval in principle from DNV. This milestone, achieved in collaboration with hydrogen technology partners, underscores growing momentum toward next-generation sustainable marine propulsion and highlights the industry's focus on high-efficiency, low-emission alternatives to traditional marine consumer demand for sustainable and quiet boating is a key driver for the electric boat market, as both recreational and commercial users increasingly seek environmentally friendly and low-noise alternatives. This trend is reinforced by strategic industry collaborations and significant capital investments to accelerate the adoption of electric propulsion technologies. For example, in November 2024, the International Electric Marine Association (IEMA) established an exclusive partnership with the Electric & Hybrid Marine Expo to promote maritime electrification through education and industry-wide cooperation. Also, in April 2022, Swedish electric boat manufacturer X Shore secured USD 50 million in funding to scale production of its Eelex 8000 model and advance research and development of zero-emission maritime solutions, underscoring the market's strong growth adoption of solar-powered boats and smart propulsion systems is creating significant innovation opportunities within the electric boat market, aimed at extending battery life and enhancing the overall user experience. Industry players are increasingly investing in advanced solar-electric technology and production capacity to meet the growing demand for sustainable maritime solutions. For instance, in December 2023, Navalt introduced the Barracuda, India's fastest solar-electric boat, featuring twin 50 kW motors and a 6 kW solar panel, designed for challenging sea conditions and seating 10 passengers. Additionally, in June 2022, Silent Yachts expanded its production capabilities by acquiring a new facility in Fano, Italy, to scale manufacturing of its luxury Silent 60 and 80 solar-electric yachts, demonstrating strong market traction in initial purchase costs and limited charging infrastructure remain significant challenges for the electric boat market, restricting broader adoption among both commercial operators and recreational users. Electric boats typically carry a premium price compared to traditional combustion-powered vessels, with entry-level models often starting above USD 100,000 and luxury or high-performance boats exceeding several hundred thousand dollars. Additionally, insufficient widespread charging stations and marina infrastructure impede convenient recharging, limiting operational range and user flexibility. These factors collectively hinder market growth despite increasing technological advancements and environmental Electric Boat Market Report SegmentationThis report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, the analyst has segmented the global electric boat market report based on boat type, propulsion type, battery type, power source, and region. Key Attributes: Report Attribute Details No. of Pages 130 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $6.78 Billion Forecasted Market Value (USD) by 2030 $14.09 Billion Compound Annual Growth Rate 13.5% Regions Covered Global Key Topics Covered: Chapter 1. Methodology and ScopeChapter 2. Executive Summary 2.1. Market Outlook2.2. Segment Outlook2.3. Competitive InsightsChapter 3. Electric Boat Market Variables, Trends, & Scope 3.1. Market Lineage Outlook3.2. Market Dynamics3.3. Electric Boat Market Analysis Tools3.3.1. Industry Analysis - Porter's3.3.2. PESTEL AnalysisChapter 4. Electric Boat Market: Boat Type Estimates & Trend Analysis 4.1. Segment Dashboard4.2. Leisure Boats4.3. Fishing Boats4.4. Pontoon & Deck Boats4.5. Yachts & Cruisers4.6. Commercial & Utility BoatsChapter 5. Electric Boat Market: Propulsion Type Estimates & Trend Analysis 5.1. Segment Dashboard5.2. Electric Boat Market: Propulsion Type Movement Analysis5.3. Outboard Electric Propulsion5.4. Inboard Electric Propulsion5.5. Hybrid Propulsion5.6. Solar-Integrated SystemsChapter 6. Electric Boat Market: By Battery Type Estimates & Trend Analysis 6.1. Segment Dashboard6.2. Electric Boat Market: By Battery Type Movement Analysis6.3. Lithium-ion Batteries6.4. Lead-acid Batteries6.5. Other Advanced ChemistriesChapter 7. Electric Boat Market: By Power Source Estimates & Trend Analysis 7.1. Segment Dashboard7.2. Electric Boat Market: By Power Source Movement Analysis7.3. < 10 kW7.4. 10-50 kW7.5. 50-150 kW7.6. >150 kWChapter 8. Electric Boat Market: Regional Estimates & Trend Analysis 8.1. Electric Boat Market Share, By Region, 2024 & 2030, USD MillionChapter 9. Competitive Landscape 9.1. Company Categorization9.2. Company Market Positioning9.3. Company Heat Map Analysis9.4. Company Profiles Yamaha Motor Co., Ltd. Vision Marine Technologies Duffy Electric Boat Company RAND Boats ApS SVP Yachts d.o.o. (Greenline) ElectraCraft, Inc. Frauscher Bootswerft GmbH X Shore AB Pure Watercraft Inc. Volvo Penta Corporation For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Electric Boat Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
22-07-2025
- Climate
- CTV News
Nopiming Provincial Park to reopen Friday, campgrounds to remain closed for season
A provincial park closed this spring due to wildfires will reopen this Friday. A provincial park closed this spring due to wildfires will reopen this Friday. As wildfires smoulder through Nopiming, the province says it will reopen the park on Friday. As of 9 a.m. on Friday, the province says permanent residents, cottagers and commercial operators will be allowed to return to Nopiming Provincial Park. The province will also be reopening PR 314 and PR 304. It noted that while Bird Lake Campground is open, all other campgrounds, including Beresford Lake, Black Lake and Tulabi Falls, will remain closed for the season. This includes backcountry campsites at Shoe Lake. 'These closures are in place as significant wildfire clean-up is required across the park,' the province said in a notice posted Tuesday. 'Burn zones with scorched trees pose a safety risk and backcountry areas must be evaluated before water routes and hiking trails can safely reopen. Anyone hoping to spend time in Nopiming backcountry this season should make other plans.' The province said the fire in the area remains out of control, noting flame and smoke will continue throughout the summer and fall. More details on the closures can be found on the provincial parks website.
