big ideas for global investors Search
   Member Access       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   

IDTechEx Reveal that the Industrial and Commercial Sector is the Largest for Marine Electric Vehicles

Ideas get bigger when you share them...

February 6, 2014 ( renewable energy stocks newswire) The new IDTechEx report, "Electric Boats, Small Submarines and Autonomous Underwater Vehicles (AUV) 2014-2024" reveals the market for electric water craft, including those on and under water, will increase from $2.6 billion to $7.3 billion in 2024. In addition there is a market for electric outboard motors that will more than triple in value as high power pure electric versions become increasingly viable. There is also a new market for water borne electric aircraft.

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

Although about 60% of manufacturers of electric craft concentrate on underwater vehicles, most make very small numbers. We believe that about 50% of the expenditure on electric water craft concerns underwater versions and 50% concerns on-water versions. Military expenditure on electric water craft is mainly directed at underwater craft whereas civil expenditure is mostly directed at electric surface craft.

The largest sector in the marine electric vehicle business, inland and seagoing, hybrid and pure electric, is the industrial & commercial sector. The leisure sector is also progressing steadily, with two new announcements in 2014. One concerns a fast, small, electric boat for water skiing and other sports, the other concerns a larger motor yacht for the open sea, a hybrid powertrain being necessary for longer range and coping with tougher sea conditions. It follows the bankruptcy and resurgence of US lithium-ion battery maker Valence Technology after it had helped Beneteau to make hybrid motor and sailing yachts for the open sea that harvest from the water when sailing and from tides when moored, in both cases by the propeller going backwards.

Further green laws being introduced will help most marine sectors to grow. For example, pure electric craft benefit from laws that increasingly ban polluting alternatives on inland waterways. Plug in hybrids will be favoured for the larger seagoing boats to save cost and improve reliability over ones with conventional engines. Many new forms of expensive underwater craft will appear. The seagoing vehicle market will be increased particularly by military build-up and a trend to understand the influence of the oceans on weather and to harvest the oceans, including minerals and livestock.

Advances in the components in these vehicles and their infrastructure are proceeding disruptively rather than incrementally and the report discusses this.

About IDTechEx

IDTechEx guides your strategic business decisions through its Research and Events services, helping you profit from emerging technologies. We provide independent research, business intelligence and advice to companies across the value chain based on our core research activities and methodologies providing data sought by business leaders, strategists and emerging technology scouts to aid their business decisions. For more information see


Teresa Henry
UK: +44-(0)-1223-813703
USA: +1-617-577-7890

More Info:

This news is published on the Newswire and its syndicated partner network

Publish Your News - Send a release
News now!

Get free news alerts: Sign up here

Published at the Newswire - Big ideas for Global Investors

Disclaimer/ Disclosure:The newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info:

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Free News Alerts


Investor Ideas © 2000 - 2014®, ECON

Sign up here

login | logout | about us | contact | disclaimer / disclosure |
advertise | company profile directory | partners / links |
job search | privacy policy | trade | services | sitemap |