openPR Logo
Press release

Solar Boat Market Trend is Growing Worldwide with Future Opportunities Analysis by 2031

05-09-2024 07:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Solar Boat Market

Solar Boat Market

Introduction of strict emission regulations and the growth of the marine tourism industry have boosted the growth of the global ๐’๐จ๐ฅ๐š๐ซ ๐๐จ๐š๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ. The global solar boat market was valued at $0.65 billion in 2021, and is projected to reach $2.4 billion by 2031, growing at a CAGR of 14.2% from 2022 to 2031.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A10180

The growth of the global solar boat market is propelling due to introduction of stringent emission regulations, and growth in the marine tourism industry across the globe. However, less operational efficiency and high purchase and maintenance cost of solar boats are factors hampering the growth of the market. Furthermore, government support to promote adoption of electric and solar boat is expected to offer growth opportunities during the forecast period.

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž

๐•๐ข๐ฌ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ข๐ง๐ž ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ ๐ˆ๐ง๐œ., ๐€๐ช๐ฎ๐š๐ฐ๐š๐ญ๐ญ ๐†๐ซ๐ž๐ž๐ง ๐Œ๐š๐ซ๐ข๐ง๐ž ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ, ๐ƒ๐ฎ๐Ÿ๐Ÿ๐ฒ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐๐จ๐š๐ญ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ, ๐“๐จ๐ซ๐ช๐ž๐ž๐๐จ ๐†๐ฆ๐›๐‡, ๐†๐ซ๐จ๐ฏ๐ž ๐๐จ๐š๐ญ๐ฌ ๐’๐€, ๐€๐๐ ๐‹๐“๐ƒ, ๐†๐ซ๐ž๐ž๐ง๐ฅ๐ข๐ง๐ž ๐˜๐š๐œ๐ก๐ญ๐ฌ, ๐‚๐จ๐ซ๐ฏ๐ฎ๐ฌ ๐„๐ง๐ž๐ซ๐ ๐ฒ, ๐’๐จ๐ž๐ฅ ๐˜๐š๐œ๐ก๐ญ๐ฌ ๐.๐•., ๐๐š๐ฏ๐€๐ฅ๐ญ ๐›๐จ๐š๐ญ๐ฌ, ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐š๐‚๐ซ๐š๐Ÿ๐ญ, ๐๐จ๐ž๐ฌ๐œ๐ก ๐Œ๐จ๐ญ๐จ๐ซ๐›๐จ๐จ๐ญ๐ž ๐€๐†, ๐๐ฎ๐š๐๐ซ๐จ๐Ÿ๐จ๐ข๐ฅ ๐.๐จ.๐จ., ๐‘๐€๐๐ƒ ๐๐จ๐š๐ญ๐ฌ ๐€๐ฉ๐’

The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.

Based on battery type, the lithium-ion segment accounted for the highest share in 2021, contributing to more than three-fourths of the total share, and is expected to maintain its leadership status during the forecast period. In addition, the segment is expected to manifest the highest CAGR of 14.6% from 2022 to 2031.

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ž ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/140631432e08ada4f7b6f2d33381442e

Europe is expected to dominate the global solar boat market in 2021. Key factors contributing toward the market growth include, commitment of the government toward decreasing emission levels, encouraging zero-emission power sources, innovative battery systems, and high performance of longer-range batteries. Furthermore, manufacturers are focusing on new battery technologies to deliver longer-range batteries and high performance for electric and solar boats. Development in emission norms and restrictions in maritime transportation has led to the growth of the market. Increase in investments by government and private sector in research and development of battery systems and electronic components is expected to fuel the market expansion during the forecast period.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

Based on region, Europe accounted for the highest share in 2021, contributing to nearly half of the global solar boat market, and is projected to continue its leadership status by 2031. However, the market across North America is projected to portray the fastest CAGR of 15.3% during the forecast period. The research also analyzes regions including Asia-Pacific and LAMEA.

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A10180

Based on solar panel type, the monocrystalline segment held the largest share in 2021, accounting for nearly three-fifths of the market, and is expected to maintain its dominance in terms of revenue by 2031. However, the polycrystalline segment is estimated to witness the largest CAGR of 15.4% during the forecast period.

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜

By battery type, the lithium-ion segment is anticipated to exhibit significant growth in the near future.

By solar panel type, the polycrystalline segment is anticipated to exhibit significant growth in the near future.

By application, the cargo boats segment is anticipated to exhibit significant growth in the near future.

By region, North America is anticipated to register the highest CAGR during the forecast period.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A10180

On the basis of application, the passenger boats segment dominated the market in 2021, accounting for more than two-thirds of the global solar boat market, and is projected to maintain its leading position throughout the forecast period. However, the cargo boats segment is estimated to showcase the highest CAGR of 16.1% during the forecast period.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ž ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐›๐ฒ ๐€๐Œ๐‘ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Solar Vehicle Market - https://www.globenewswire.com/en/news-release/2020/11/24/2132536/0/en/Solar-Vehicle-Market-Worth-4-08-Billion-by-2030-Allied-Market-Research.html

Ethanol Car Market - https://www.globenewswire.com/en/news-release/2022/10/10/2530707/0/en/Ethanol-Car-Market-to-Garner-1-207-6-Billion-by-2031-Allied-Market-Research.html

Snowmobile Market - https://www.globenewswire.com/news-release/2021/10/19/2316664/0/en/Snowmobile-Market-to-Garner-2-12-Billion-by-2030-Says-AMR.html

Minibus Market - https://www.globenewswire.com/news-release/2024/01/22/2812718/0/en/Minibus-Market-to-Reach-15-5-billion-Globally-by-2032-at-4-7-CAGR-Allied-Market-Research.html

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Solar Boat Market Trend is Growing Worldwide with Future Opportunities Analysis by 2031 here

News-ID: 3489961 • Views: โ€ฆ

More Releases from Allied Market Research

Philippines Quick Service Restaurants Market Shaping from Growth to Value: $7.9 Billion
Philippines Quick Service Restaurants Market Shaping from Growth to Value: $7.9 โ€ฆ
The Philippines quick service restaurants market has been continuously improvising in terms of product offerings, number of outlets, hospitality and other perks regarding prices that attracts a higher number of customers. Over the years, the Filipinos, specifically the millennials, have been open to different types of innovative food products due to increase in influence of westernization among the target customers. Considering this customer perception, some of the key players inโ€ฆ
Satellite Antenna Market : $2.8 Billion in 2020, Projected to Reach $18.1 Billion by 2033, Growing at a CAGR of 13.2%
Satellite Antenna Market : $2.8 Billion in 2020, Projected to Reach $18.1 Billio โ€ฆ
According to a new report published by Allied Market Research, titled, "Satellite Antenna Market," The satellite antenna market was valued at $2.8 billion in 2020, and is estimated to reach $18.1 billion by 2033, growing at a CAGR of 13.2% from 2023 to 2033. Electronically Steered Antenna (ESAs) are an attractive option for aerial and maritime platforms due to their fast tracking, rapid beam switching, and flexible beam shaping capabilities. Thisโ€ฆ
Aircraft Passenger Exit Path Lighting Market : $0.6 Billion in 2022, Projected to Reach $1.1 Billion by 2032, Growing at a CAGR of 6.8%
Aircraft Passenger Exit Path Lighting Market : $0.6 Billion in 2022, Projected t โ€ฆ
According to a new report published by Allied Market Research, titled, "Aircraft Passenger Exit Path Lighting Market, by Light Source (LED, Fluorescent, and Incandescent), Aircraft type (Commercial Aircraft, General Aircraft, and Others), and Lighting Type (Floor Proximity Lighting, and Emergency Exit Signs)" The market size of aircraft passenger exit path lighting industry was valued at $585.20 million in 2022, and is estimated to reach $1.1 billion by 2032, growing at aโ€ฆ
Airborne Optronics Market : $1.5 Billion in 2022, Projected to Reach $4.8 Billion by 2032, Growing at a CAGR of 12.4%
Airborne Optronics Market : $1.5 Billion in 2022, Projected to Reach $4.8 Billio โ€ฆ
According to a new report published by Allied Market Research, titled, "Airborne Optronics Market," The market size of airborne optronics industry was valued at $1.5 billion in 2022, and is estimated to garner $4.8 billion by 2032, growing at a CAGR of 12.4% from 2023 to 2032. Airborne optronics market growth is influenced by the increase in use of unmanned systems, especially drones or UAVs. Lightweight, high-performance optronics payloads are inโ€ฆ

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.โ€ฆ
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:โ€ฆ
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Researchโ€™sโ€ฆ
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be moreโ€ฆ
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the countryโ€™s baby diaperโ€™s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled โ€œBaby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012โ€ฆ
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices andโ€ฆ