2023 Global electric outboard application prospects, policies and regulations and industry news analysis

An electric outboard is an electric motor used for ship propulsion, usually installed on the outboard of the ship, to propel the ship forward by means of a propeller. The electric outboard is usually composed of a motor, a reducer, a propeller and other parts, which can be customized and installed according to the different needs of the ship. Electric outboard motor has the advantages of simple structure, convenient installation and high propulsion efficiency, and has become an important part of modern ship propulsion system. Electric outboards are widely used in various types of ships, including commercial ships, fishing boats, yachts and so on.

The electric outboard market is an important Marine propulsion market. With the continuous development of the Marine industry, the electric outboard market is also growing. The global electric outboard market size reached about $2 billion in 2020 and is expected to reach about $2.5 billion by 2025, with a compound annual growth rate of about 4%.

Forecast of global and Chinese electric outboard market size (USD 100 million) from 2017-2027

Forecast of global and Chinese electric outboard market size (USD 100 million) from 2017-2027

Electric outboard technology continues to innovate, from the initial single motor and propeller combination to now a variety of motor and propeller combination, from a single propulsion to the present propulsion and steering and other functions. At the same time, the propulsion efficiency and stability of electric outboards are also constantly improving, bringing more convenience and efficiency to the Marine industry.

Application prospect of electric outboard engine

The application fields of electric outboard are expanding, in addition to traditional commercial ships, fishing boats, yachts and other fields, but also involved in Marine engineering, Marine scientific research and other fields. At the same time, electric outboards can also be applied to the military field, such as naval ships.

With the continuous development of shipbuilding industry, Marine engineering, Marine scientific research, military fields and other fields, the market demand for electric outboards will continue to increase, and enterprises need to constantly innovate and improve technical strength to adapt to the development trend of the market.

Marine industry: Electric outboard is an important part of the ship propulsion system, widely used in commercial ships, fishing boats, yachts and other types of ships. With the continuous development of the Marine industry, the market demand for electric outboard engines will continue to increase.

Marine engineering: Electric outboards are also widely used in Marine engineering, such as ocean exploration, ocean development and other fields. With the continuous development of ocean engineering, the application prospect of electric outboard motor will be broader.

Marine scientific research: Electric outboards are also widely used in Marine scientific research, such as Marine biology, Marine geology and other fields. With the continuous deepening of Marine scientific research, the application prospect of electric outboard motor will be broader.

Military field: Electric outboards are also widely used in the military field, such as naval ships. With the continuous development of military technology, the application prospect of electric outboard motor will be broader.

Analysis of global electric outboard applications structure in 2015 and 2022

Analysis of global electric outboard applications structure in 2015 and 2022

Electric outboard policies and regulations

The policies and regulations of electric outboard mainly include the provisions of national standards, environmental protection regulations, ship safety regulations and shipping management regulations. Enterprises need to comply with relevant regulations to ensure the quality and safety of products, but also need to pay attention to changes in regulations, timely adjust the strategy and strategy of enterprises to adapt to the development trend of the market.

National standard: The national standard is one of the important regulations of the electric outboard industry, which mainly stipulates the technical requirements, test methods, inspection rules and other contents of the electric outboard. At present, the national standard of China's electric outboard is GB/T 9700-2018 "Marine electric outboard".

Environmental regulations: The use of electric outboards has a certain impact on the environment, therefore, environmental regulations are also one of the important regulations of the electric outboard industry. China's environmental protection laws and regulations mainly include "Air Pollution Prevention and Control Law", "Water Pollution Prevention and Control Law", "solid waste Environmental pollution prevention and Control Law".

Ship safety regulations: The use of electric outboard has a certain impact on ship safety, therefore, ship safety regulations are also one of the important regulations of the electric outboard industry. China's ship safety laws and regulations mainly include "Ship Safety Law", "Ship inspection Regulations", "ship construction code" and so on.

Shipping management regulations: The use of electric outboards needs to comply with shipping management regulations, including navigation rules, ship registration, crew management and other provisions. China's shipping management laws and regulations mainly include the Navigation Law of the People's Republic of China, the Regulations of the People's Republic of China on Ship Registration and Administration, and the Regulations of the People's Republic of China on Crew Management.

Electric outboard motor industry policies and regulations

Electric outboard motor industry policies and regulations

Electric outboard industry news

The electric outboard industry has been constantly innovating and developing, and major companies are constantly launching new electric outboards to meet the needs of the market. At the same time, the technology and performance of electric outboards are also constantly improving, bringing more convenience and efficiency to the Marine industry.

In June 2021, Mercury Marine launched the new V12 600hp Verado electric outboard, one of the largest electric outboards on the market today, with higher thrust and faster speeds for large yachts and commercial vessels.

In July 2021, Yamaha Motor launched its new XTO Offshore electric outboard, which features the latest technology and materials, higher thrust and lower noise, and is suitable for all types of vessels.

In August 2021, the China Shipbuilding Industry Corporation successfully developed a new electric outboard, which uses the latest technology and materials, has higher thrust and lower noise, and is suitable for various types of ships.

In September 2021, the German company Torqeedo launched the new Cruise 10.0 electric outboard, which uses the latest technology and materials, has higher thrust and lower noise, and is suitable for all types of vessels.

In October 2021, the British company Cox Powertrain launched the new CXO300 electric outboard, which uses the latest technology and materials, has higher thrust and lower noise, and is suitable for all types of vessels.