The Asian luxury boating industry is in its infancy, with consumers in the early days of learning about yacht ownership. However, yacht brokers and manufacturers are witnessing a growing number of sailing enthusiasts, who are poised to get bigger as more patrons enter the industry. The ninth edition of the Singapore Yacht Show (SYS) at ONE°15 Marina Sentosa Cove from April 11-14 was a serene four-day affair. From the sleek Azimut 66 to the high-performance Princess R35, more than 20 yachts were making their Asian debuts at the region’s top boating event. Thailand and Hong Kong are the leaders at tapping into the massive potential of the Asian boating industry with steadily increasing sales. Here are some key trends from the event. How Genting bought Jho Low’s superyacht, Equanimity, for US$126 million Green technology Whether it’s the use of electricity rather than fuel, or designing cruisers out of recycled or reclaimed materials, more manufacturers are integrating eco-friendly designs into their luxury boats. One such catamaran is Silent 55, a 54-foot beauty by Austrian yacht maker Silent-Yachts that made a huge splash at SYS 2019. With 30 solar panels on its roof, it is reputedly able to go for weeks without recharging. While it is powered entirely by renewable energy, it also provides a generator in case of unfavourable weather. Thanks to its diesel-free DNA, it runs in silence, reducing environmental and noise pollution. The interiors of Silent 55 are equally alluring, offering three to six bedrooms with individual baths. As for Silent-Yacht’s flagship model, Silent 80, the company has already sold four units despite it still being under construction. Sunseeker International plans to release its first line of yachts with a hybrid propulsion system in 2020, in collaboration with Rolls-Royce. Italian yacht builder Perini Navi and UK boating company Spirit Yachts – both launched environmentally friendly superyachts this year. Why billionaire yacht owners worry about keeping their art safe at sea It follows a fleet of brands releasing eco-yachts with hybrid propulsion, such as Ron Holland Design’s Ethereal, and Heesen Yacht’s home. This reflects the desire of new and seasoned yacht owners for zero-impact cruisers that leave a smaller carbon footprint during nautical adventures. Millennial ownership on the rise “We see an increase of interest, especially in more young, wealthy people, which makes Asia one of the most interesting markets for new sales, specifically large new builds,” says Mathias May, the global sales director at Silent-Yachts. This expected surge of millennial yacht owners is in line with a study by Rossinavi and the International University of Monaco, which suggests that in the next 20 years, superyacht consumers will become at least a decade younger. Billionaire’s 240-foot superyacht with underwater lounge wins design awards A major consideration for young owners is an eco-conscious, fuel-efficient design, and sailing yachts make for the lowest hanging fruits in this case. SYS 2019 showcased the Singapore debut of Lagoon 77, and the first appearance in Asia of Fountaine-Pajot’s Alegria 67, both of which boast innovative, ergonomic features, and massive sails that can generate lots of energy. Millennials are also focusing on larger boats that can withstand long-distance exploration trips, with a focus on models such as the 59m M/Y Seawolf, and Lürssen’s 40m motor yacht, M/Y Be Mine. Yacht co-ownership Taking part for the first time at SYS 2019, SeaNet is heralding a new wave of smart boat ownership that is cost-effective and sustainable. For yacht owners who don’t have the luxury of time to sail year-round, SeaNet offers the option of sharing a Benetti or Azimut yacht with other six other boating aficionados. Peek inside the 300-foot superyacht linked to 1MDB scandal Instead of a timeshare, every co-owner is fully entitled to use the vessel at any time, which allows each individual to shave up to 75 per cent off the initial price. There’s also no need to fret about the maintenance and crew management of the yacht, which will be managed by the yacht brokerage company itself. SeaNet isn’t the only brand offering co-ownership. Others doing so include SmartYacht, Yacht Fractions, RIB Shack Marine, FlexiSail and Pure Latitude. Want more stories like this? Sign up here . Follow STYLE on Facebook , Instagram and Twitter This article originally appeared on Robb Report Singapore .