In the over one hundred electric vehicle sectors tracked by IDTechEx, we predominantly foresee a transition partly or completely to a traction battery over the next two decades. The case is not so simple for the marine sector: due to the sheer scale of the power, energy and distance requirements for many vessels, reducing maritime emissions will require solutions varying from batteries and fuel cells to premium fuels, scrubbers and slow-steaming.

 

Today, batteries have mainly emerged in leisure boating, ferries and short-sea vessels, where they have enjoyed steady uptake due to small vessel sizes or well-defined cyclical routes (that allow for opportunity charging). In larger deep-sea vessels, uptake is slow, but unprecedented global emissions regulations are driving change, and shortages of traditional solutions on the horizon are creating new opportunities for energy storage start-ups in the arena.

 

 

 

By volume, electric leisure boating is the largest market, with tens of thousands sold yearly: electric leisure boats can be thought of as the cars of the marine world as they are privately owned, have short range requirements and can jump straight to a pure electric powertrain. In contrast, there are less than 20 hybrid deep-sea vessels in-service, yet the sector has the largest market value and demand for maritime batteries due to the vessel sizes and high energy requirements involved.

 

The new report 'Electric Leisure & Sea-going Boats and Ships 2021-2040' provides historical data from 2016 and forecasts up to 2040 in number of electric vessels, battery demand (MWh) and market value ($ billion) broken down by pure electric and hybrid powertrain as well as by each marine sector: leisure boats, fishing, cruise ships, ferries, offshore support, tugboats and deep-sea. The report delves into key underlying technologies and draws parallels and differences with the auto industry. All results are underpinned by primary research and interviews undertaken around the globe, from Seoul, South Korea to San Diego, USA.

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