Electric outboard engine market size was valued at $154 million and is anticipated to grow at a CAGR of 6.2% during the forecast period (2025-2035). Electric outboard engines are in high demand owing to the growing number of eco-friendly marine solutions being promoted by governments across the globe. Improvements in battery technology, increasing fuel prices, and recreational boating made electric engines more affordable.
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Technological advancement of batteries, motors, propellers, and controls is propelling the market growth during the forecast period. For instance, in March 2024, ACEL showcased Electric Outboard Motors- IE 150 and IE 250. IE 150 and IE 250 produced powers of 150HP and 350HP respectively. The outboards are driven by ACEL’s newest 800V platform and SIC semiconductor technology. It reaches a 95.8% powertrain efficiency. System weight has decreased, and the range increased from 50HP to 250HP.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Electric Outboard Engines Market Report Segment
By Power
- Less Than 3 kW
- 3 – 6 kW
- 7 – 10 kW
- 11 – 15 kW
- 16 kW – 25 kW
- 26 – 50 kW
- 51 – 150 kW
- 151- 200 kW
- Above 200 kW
By Application
- Fishing
- Cruising
- Sailing
- Transportation
- Rescue and Safety
- Military
By Boat Type
- Open Motorboats
- Personal Watercrafts
- Cabin Motorboats
- Sailboats
- Dinghies
- Pontoon Boats
- Fishing Boats
- Deck boats
- Kayaks/ Canoes
- Other (Rigid Inflatable Boats, etc)
Global Electric Outboard Engines Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- ASEAN Economies
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric outboard engines market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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