Inboard Electric Motor Market

 Inboard Electric Motor Market Overview

• The Global Inboard Electric Motor Market Size is Expected to Grow from USD 6.68 Billion in 2023 to USD 11.52 Billion by 2033, Growing at a CAGR of 5.60% during the forecast period 2023 to 2033.
• The market growth is influenced by the growing need for environmentally friendly marine propulsion systems, improvements in electric motor technology, and growing interest in both leisure and commercial boating. Further, ferries, water taxis, and recreational boats are just a few of the varied applications served by important segments like low-power and medium-power motors, which boost the market growth.
• The inboard electric motors market is expected to grow steadily as technical advancements improve price and performance, supporting international initiatives to advance renewable energy in maritime transportation.

Major vendors in the Inboard Electric Motor Market

Kräutler Elektromaschinen GmbH, Elco Motor Yachts, TEMA, Transfluid, Torqeedo, Oceanvolt, Piktronik, Star Investments, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the inboard electric motor market based on the below-mentioned segments:

Global Inboard Electric Motor Market, By Type

• Low Power (Below 10 HP)
• Medium Power (10-35 HP)
• Large Power (Above 35 HP)

Global Inboard Electric Motor Market, By Application

• Civil Entertainment
• Municipal
• Commercial

Global Inboard Electric Motor Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa