The marine battery market is projected to grow from USD 882.3 million to USD 1.50 billion, at a CAGR of 9.3% during the forecast period from 2024 to 2030. The marine battery market is experiencing growth due to factors such as technological advancements, and stringent environmental regulations. Siemens Energy (Germany), Leclanché SA (Switzerland), Corvus Energy (Canada), Toshiba Corporation (Japan) and EnerSys (US) are some of the leading players operating in the marine battery market.
The Commercial segment to account for highest market share in the marine battery market during the forecast period.
The marine battery market has been segmented into commercial, defense, Unmanned Underwater Vehicles and Unmanned Surface Vehicles based on ship type. The commercial segment is projected to grow at highest market share during the forecast period 2024 to 2030. The adoption of sustainable propulsion systems in cargo ships, tankers, and passenger vessels is rising fast. The growth here is due to strict environmental regulations such as IMO 2020, which sets up the requirement for lesser emissions and fuel consumption. Commercial ships frequently sails in the Emission Controlled Zones and seek hybrid or fully electric solutions to maintain compliance with these regulations. Additionally, increasing investments in electrifying ferries, cruise ships, and offshore support vessels to enhance operational efficiency and reduce operating costs further support the demand for marine batteries in this segment.
The Dual-Purpose batteries segment to account for highest CAGR in the marine battery market during the forecast period.
The marine battery has been segmented into Starting Batteries, Deep-cycle Batteries, and Dual-Purpose Batteries based on function . The dual-purpose segment is expected to hold the highest CAGR from 2024 to 2030 based on their versatility in providing both starting power and deep-cycle capabilities, making it suitable for a myriad of maritime applications. Due to strong demand for reliable engine starting and consistent power for onboard systems such as navigation, lighting, and auxiliary equipment, dual purpose batteries are best suited for such vessels. In addition, dual-purpose batteries reduce the requirement for separate battery systems, thereby optimizing space and cost for operators. With the increasing demand in hybrid propulsion systems and advanced marine technologies, the use of dual-purpose batteries is gaining popularity within the maritime industry due to their efficiency, durability, and flexibility to meet varied functional requirements.
The European market is estimated to hold the highest market share.
European market due to a series of severe environmental regulations, government incentives, and many more stringent sustainability initiatives in the maritime sector have driven the growth of marine battery market. Europe has been on the lead to enforce zero-emission transportation through initiatives like the European Green Deal and strict IMO 2020 laws enforcing a great deal of reduction in greenhouse gas emissions from ships. Countries such as Norway, the Netherlands, and Sweden, for instance, are embracing new technologies to make their fleet electrified, and more specifically in ferries and short-range vessels, as battery systems would be most efficient there. Strong infrastructure exists, including charging stations and a widespread network of ports with sustainable energy sources.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Company Type: Tier 1 - 35%; Tier 2 - 45%; and Tier 3 - 20%
By Designation: C Level - 35%; Directors - 25%; and Others - 40%
By Region: North America - 20%; Europe - 40%; Asia Pacific - 20%; Rest of the Worlds - 20%
Siemens Energy (Germany), Leclanché SA (Switzerland), Corvus Energy (Canada), Toshiba Corporation (Japan) and EnerSys (US) are some of the leading players operating in the marine battery market .
Research Coverage
The study covers the marine battery market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on propulsion, capacity, operation and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their solutions and business offerings, recent developments undertaken by them, and key market strategies adopted by them.
Key benefits of buying this report:
This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall marine battery market and its subsegments. The report covers the entire ecosystem of the marine battery market . It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers and factors, such as increasing consumer preference for high-quality marine battery services, rising global traffic need that could contribute to an increase in marine battery market.
Market Development: Comprehensive information about lucrative markets - the report analyses the aircraft cabin interiors market across varied regions
Market Diversification: Exhaustive information about new solutions, untapped geographies, recent developments, and investments in aircraft cabin interiors market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Siemens Energy (Germany), Leclanché SA (Switzerland), Corvus Energy (Canada), Toshiba Corporation (Japan) and EnerSys (US) among others in the marine battery market.
Table of Contents
1 Introduction
1.1 Study Objectives 1.2 Market Definition 1.3 Study Scope 1.3.1 Market Segmentation 1.3.2 Inclusions and Exclusions 1.4 Years Considered 1.5 Currency & Pricing 1.6 Stakeholders 1.7 Summary of Changes
2 Research Methodology
2.1 Research Data 2.1.1 Secondary Data 2.1.1.1 Key Data from Secondary Sources 2.1.2 Primary Data 2.1.2.1 Key Data from Primary Sources 2.2 Factor Analysis 2.2.1 Introduction 2.2.2 Demand-Side Indicators 2.2.3 Supply-Side Indicators 2.3 Market Size Estimation 2.3.1 Bottom-Up Approach 2.3.2 Top-Down Approach 2.4 Data Triangulation 2.4.1 Triangulation Through Primary and Secondary Research 2.5 Research Assumptions 2.6 Risk Assessment 2.7 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Marine Battery Market 4.2 Marine Battery Market, by Vessel Type 4.3 Marine Battery Market, by Type 4.4 Marine Battery Market, by Function 4.5 Marine Battery Market, by Sales 4.6 Marine Battery Market, by Propulsion 4.7 Marine Battery Market, by Capacity 4.8 Marine Battery Market, by Form 4.9 Marine Battery Market, by Design 4.10 Marine Battery Market, by Power 4.11 Marine Battery Market, by Country
5 Market Overview
5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Rising Fuel Costs and Need for Operational Efficiency 5.2.1.2 Growth in Demand for Electric and Hybrid Marine Vessels 5.2.1.3 Advances in Battery Technology 5.2.1.4 Stringent Environmental Regulations 5.2.1.5 Increasing Trend Toward Decarbonization and Renewable Energy Integration 5.2.2 Restraints 5.2.2.1 High Initial Capital Requirements 5.2.2.2 Inadequate Charging Infrastructure 5.2.2.3 Limited Recycling and Disposal Solutions 5.2.3 Opportunities 5.2.3.1 Hybrid Propulsion Systems 5.2.3.2 Electrification of Short-Range Vessels 5.2.3.3 Rapid Innovations and Technological Advancements 5.2.4 Challenges 5.2.4.1 Energy Density Limitations 5.2.4.2 Supply Chain Constraints and Raw Material Shortage 5.3 Trends and Disruptions Impacting Customer Business 5.4 Value Chain Analysis 5.5 Ecosystem Analysis 5.5.1 Prominent Companies 5.5.2 Private and Small Enterprises 5.5.3 End-users 5.6 Pricing Analysis 5.6.1 Average Selling Price Trend of Key Players, by Battery Type, 2024 5.6.2 Average Selling Price Trend, by Region, 2024 5.6.2.1 Factors Affecting Pricing, by Region 5.6.2.1.1 North America 5.6.2.1.2 Europe 5.6.2.1.3 Asia-Pacific 5.6.3 Average Global Battery Pricing and Average Battery Pricing for Marine Applications 5.7 Investment and Funding Scenario 5.8 Volume Data 5.9 Operational Data 5.10 Regulatory Landscape 5.11 Trade Analysis 5.11.1 Import Scenario 5.11.2 Export Scenario 5.12 Technology Analysis 5.12.1 Key Technologies 5.12.1.1 Lithium-Ion Batteries 5.12.1.2 Solid-State Batteries 5.12.2 Adjacent Technologies 5.12.2.1 Power-To-X (P2X) Technology 5.12.2.2 Battery Thermal Management Systems 5.12.3 Complementary Technologies 5.12.3.1 Battery Management System 5.12.3.2 Energy Management System 5.13 Key Stakeholders and Buying Criteria 5.13.1 Key Stakeholders in Buying Process 5.13.2 Buying Criteria 5.14 Use Case Analysis 5.14.1 Nishishiba Electric Developed Japan's First Hybrid Freight Coaster, Utashima, Utilizing Lithium-Ion Batteries for Propulsion 5.14.2 Leclanché Provided Hybrid Energy Storage System Featuring Lithium-Ion Batteries for Propulsion 5.14.3 Damen Shipyards Group Integrated Scib as Power Source for Its Electric Ferry, Damen Ferry 2306E3 5.15 Key Conferences and Events, 2025 5.16 Macroeconomic Outlook 5.16.1 Introduction 5.16.2 North America 5.16.3 Europe 5.16.4 Asia-Pacific 5.16.5 Middle East & Africa 5.16.6 Latin America 5.17 Impact of AI on Marine Industry: Use Cases 5.17.1 Impact of AI on Marine Battery Market 5.18 Total Cost of Ownership (Tco) 5.18.1 Introduction 5.18.2 Purpose of Battery Usage 5.18.2.1 Electric Vessels 5.18.2.2 Conventional Vessels 5.18.3 Cost Drivers 5.18.3.1 Electric Vessels 5.18.3.2 Conventional Vessels 5.18.4 Technology and Battery Type 5.18.4.1 Electric Vessels 5.18.4.2 Conventional Vessels 5.18.5 Maintenance and Aftermarket Costs 5.18.5.1 Electric Vessels 5.18.5.2 Conventional Vessels 5.19 Business Models 5.19.1 Capital Expenditure (Capex) Model 5.19.2 Power-As-A-Service (PaaS) Model 5.19.3 Battery Swapping Model 5.20 Bill of Materials Analysis 5.20.1 Bill of Materials Analysis for Marine Battery Components 5.21 Materials Used in Marine Batteries 5.21.1 Lithium-Ion Batteries (Electric and Hybrid Vessels) 5.21.2 Lead-Acid Batteries (Conventional Vessels) 5.21.3 Structural and Support Materials 5.21.4 Safety and Protective Materials 5.22 Technology Roadmap 5.23 Evolution of Battery Packing Form 5.23.1 Existing Battery Packing Form 5.23.2 Future of Battery Packing Form 5.23.3 Insights on Battery Packing Form
6 Industry Trends
6.1 Introduction 6.2 Technology Trends 6.2.1 Next-Generation Solid-State Battery Technology 6.2.2 Hybrid and Integrated Energy Systems 6.2.3 Advanced Battery Management Systems 6.2.4 Recyclable and Eco-Friendly Batteries 6.3 Impact of Mega Trends 6.3.1 Advanced Materials and Manufacturing 6.3.2 Big Data Analytics 6.3.3 Sustainability Initiatives 6.3.4 Artificial Intelligence 6.4 Supply Chain Analysis 6.5 Patent Analysis 6.6 Insights on Marine Battery Ecosystem 6.6.1 Introduction 6.6.2 End-user Preferences on Battery Technologies 6.6.2.1 Dual-Purpose Innovations to Enhance Market Penetration 6.6.2.2 Transitioning from Lithium to Next-Generation Batteries 6.6.2.3 Collaboration as a Catalyst for Growth 6.6.2.4 Lifecycle Integration to Maximize ROI 6.6.2.5 Region-Wise Adoption Strategies 6.6.3 Power Consumption Specifications for Different Vessel Types 6.6.4 Capacity vs. Battery Power Adoption Trends 6.6.4.1 Positive Correlation in Sustained Energy Delivery 6.6.4.2 Inverse Correlation in High-Power Systems 6.6.4.3 Capacity Supporting Power Efficiency 6.6.4.4 Trade-Off Correlation in Hybrid Systems 6.6.4.5 Application-Dependent Correlation 6.6.5 Pros and Cons of Battery Designs 6.6.6 Key Battery Function Requirements for Vessel Types 6.6.7 Demand for Battery Types Based on Propulsion Needs
7 Marine Battery Market, by Function
7.1 Introduction 7.2 Starting Batteries 7.2.1 Starting Batteries Deliver Quick Bursts of High Power 7.3 Deep-Cycle Batteries 7.3.1 Need for Steady Amount of Power Over Extended Period to Boost Growth 7.4 Dual-Purpose Batteries 7.4.1 Multipurpose Energy Needs in Small Vessels to Drive Demand for Dual-Purpose Batteries
8 Marine Battery Market, by Power
8.1 Introduction 8.2 < 75 kW 8.2.1 Adoption of < 75 kW Batteries in Small and Medium-Sized Vessels to Drive Market 8.3 75-150 kW 8.3.1 Increasing Adoption of Hybrid Propulsion Systems to Drive Market for 75-150 kW Batteries 8.4 151-745 kW 8.4.1 Demand for Batteries with High Power Output to Drive Market 8.5 746-7,560 kW 8.5.1 High Energy Density, Scalability, and Ability of 746-7,560 kW Batteries to Handle Heavy Loads to Drive Demand 8.6 > 7,560 kW 8.6.1 Marine Batteries with Power Ratings Above 7,560 kW Used for Long-Haul Operations
9 Marine Battery Market, by Capacity
9.1 Introduction 9.2 < 100 Ah 9.2.1 Marine Batteries with Less Than 100 Ah Used for Small Vessels with Modern Power Requirements 9.3 100-250 Ah 9.3.1 Use of 100-250 Ah Marine Batteries in Recreational and Commercial Vessels to Drive Market 9.4 > 250 Ah 9.4.1 Need for Large Vessels Requiring Power for Extended Period to Drive Market
10 Marine Battery Market, by Design
10.1 Introduction 10.2 Solid-State 10.2.1 Increasing Need for High Energy Density to Drive Market 10.3 Liquid/Gel-based 10.3.1 Cost-Effectiveness, Reliability, and Suitability of Liquid/Gel-based Batteries to Drive Their Demand
11 Marine Battery Market, by Form
11.1 Introduction 11.2 Prismatic 11.2.1 Need for Batteries with Compact Design and Durability to Drive Growth 11.3 Cylindrical 11.3.1 High Demand for Thermally Stable Batteries to Propel Demand 11.4 Pouch 11.4.1 Need for Batteries with Light Weight and Compact Design to Drive Market
12 Marine Battery Market, by Propulsion
12.1 Introduction 12.2 Fully Electric 12.2.1 Increasing Focus on Decarbonization to Drive Market 12.3 Hybrid 12.3.1 Reduces Fuel Usage and Vessel's Carbon Footprint 12.4 Conventional 12.4.1 Need to Supplement Traditional Propulsion Systems to Drive Market
13 Marine Battery Market, by Sales
13.1 Introduction 13.2 OEMs 13.2.1 Increasing Emphasis on Sustainability to Drive Market 13.3 Aftermarket 13.3.1 Advancements in Battery Technologies to Drive Market
14 Marine Battery Market, by Type
14.1 Introduction 14.2 Lithium 14.2.1 Need for High-Performance Batteries to Drive Market 14.3 Sodium-Ion 14.3.1 Need for Sustainable, Cost-Effective, and Abundant Solutions for Energy Storage to Drive Market 14.4 Nickel Cadmium 14.4.1 Harsh Maritime Environments to Drive Demand for Nickel-Cadmium Batteries 14.5 Lead-Acid 14.5.1 Low Manufacturing and Replacement Costs to Drive Market 14.6 Fuel Cell 14.6.1 Need for Vessel Electrification to Drive Growth
15 Marine Battery Market, by Vessel Type
15.1 Introduction 15.2 Commercial 15.2.1 Passenger Vessels 15.2.1.1 Yachts 15.2.1.1.1 Increasing Adoption of Green Technologies to Drive Market 15.2.1.2 Ferries 15.2.1.2.1 Increasing Use of Electric Ferries to Drive Demand 15.2.1.3 Cruise Ships 15.2.1.3.1 Demand for Operational Efficiency of Vessels to Drive Market 15.2.2 Cargo Vessels 15.2.2.1 Container Vessels 15.2.2.1.1 Shift Toward Hybrid, Zero-Emission Port Operations to Drive Demand 15.2.2.2 Bulk Carriers 15.2.2.2.1 Increasing Adoption of Hybrid-Electric Propulsion Systems to Drive Market 15.2.2.3 Tankers 15.2.2.3.1 Increasing Need for Enhanced Energy Storage for Emergency Systems to Drive Market 15.2.2.4 Gas Tankers 15.2.2.4.1 Conversion of Traditional Gas Tankers to Sustainable Mode of Propulsion 15.2.2.5 Dry Cargo Ships 15.2.2.5.1 Increasing Cargo Volume to Boost Growth 15.2.2.6 Barges 15.2.2.6.1 Increase in Small Inland Waterways to Drive Market 15.2.3 Other Vessels 15.2.3.1 Fishing Vessels 15.2.3.1.1 Low Fuel Consumption of Fully Electric Fishing Vessels to Drive Demand 15.2.3.2 Tugs and Workboats 15.2.3.2.1 Increasing Support of Ports for Electrification of Vessels to Drive Market 15.2.3.3 Research Vessels 15.2.3.3.1 Technological Advancements in Battery Technology to Propel Growth 15.2.3.4 Dredgers 15.2.3.4.1 Adoption of Hybrid Systems to Boost Demand 15.3 Defense 15.3.1 Destroyers 15.3.1.1 Increasing Use of Electric Propulsive Destroyers to Boost Growth 15.3.2 Frigates 15.3.2.1 Plans by Naval Forces to Install Hybrid Propulsion Systems for Frigates to Boost Market 15.3.3 Corvettes 15.3.3.1 Enhanced Operational Flexibility Requirements by Corvettes to Drive Growth 15.3.4 Amphibious Ships 15.3.4.1 Increasing Use of Amphibious Ships with Hybrid Propulsion by Naval Forces to Drive Market 15.3.5 Aircraft Carriers 15.3.5.1 Adoption of Hybrid and Electric Propulsion Systems to Boost Growth 15.3.6 Patrol Vessels 15.3.6.1 Increasing Need for Surveillance and Protection Missions to Drive Growth 15.4 Unmanned Maritime Vehicles 15.4.1 Unmanned Underwater Vehicles 15.4.1.1 Growth in Underwater Defense Operations to Drive Market 15.4.2 Unmanned Surface Vehicles 15.4.2.1 Need for Increasing Surveillance and Reconnaissance to Drive Demand
16 Marine Battery Market, by Region
16.1 Introduction 16.2 North America 16.2.1 PESTLE Analysis 16.2.2 US 16.2.2.1 Increasing Adoption of Electric Boats to Drive Market 16.2.3 Canada 16.2.3.1 Increasing Emphasis on Cleaner Boating to Drive Market 16.3 Europe 16.3.1 PESTLE Analysis 16.3.2 UK 16.3.2.1 Increasing Investment in Electric Marine Ecosystems for Passenger Vessels to Drive Market 16.3.3 Sweden 16.3.3.1 Government Incentives and Subsidy Plans to Drive Market 16.3.4 Netherlands 16.3.4.1 Increasing Adoption of Zero-Emission Ships to Drive Market 16.3.5 Norway 16.3.5.1 Replacement of Traditional Vessels with Electric Vessels to Drive Market 16.3.6 Denmark 16.3.6.1 Favorable Environmental Regulations to Drive Market 16.3.7 Rest of Europe 16.4 Asia-Pacific 16.4.1 PESTLE Analysis 16.4.2 China 16.4.2.1 Strategic Development of Marine Transportation and Presence of Shipbuilding Companies to Drive Market 16.4.3 India 16.4.3.1 Growth of Maritime Industry with Focus on Carbon Emission Reduction to Drive Market 16.4.4 Japan 16.4.4.1 Increasing Electric Shipbuilding Industry to Drive Market 16.4.5 South Korea 16.4.5.1 Advancements in Battery Technology to Drive Market 16.4.6 Rest of Asia-Pacific 16.5 Middle East & Africa 16.5.1 PESTLE Analysis 16.5.2 GCC Countries 16.5.2.1 UAE 16.5.2.1.1 Government Initiatives to Build Electric and Hybrid Vessels to Drive Market 16.5.2.2 Saudi Arabia 16.5.2.2.1 Increase in Cruise Ships, Ferries, and Tourist Yachts to Drive Market 16.5.3 Turkey 16.5.3.1 Government Incentives for Sustainable Shipping Solutions to Drive Market 16.5.4 Rest of Middle East 16.5.4.1 Africa 16.5.4.1.1 Increasing Investments in Research & Development to Drive Market 16.6 Latin America 16.6.1 PESTLE Analysis 16.6.2 Brazil 16.6.2.1 Adoption of Hybrid Propulsion in Large Vessels to Drive Market 16.6.3 Mexico 16.6.3.1 Growth in Demand for Marine Travel to Drive Market
17 Competitive Landscape
17.1 Introduction 17.2 Key Player Strategies/Right to Win, 2020-2024 17.3 Revenue Analysis 17.4 Market Share Analysis 17.5 Company Evaluation Matrix: Key Players, 2023 17.5.1 Stars 17.5.2 Emerging Leaders 17.5.3 Pervasive Players 17.5.4 Participants 17.5.5 Company Footprint: Key Players 17.5.5.1 Company Footprint 17.5.5.2 Company Propulsion Footprint 17.5.5.3 Company Vessel Type Footprint 17.5.5.4 Company Form Footprint 17.5.5.5 Company Region Footprint 17.6 Company Evaluation Matrix: Startups/SMEs, 2023 17.6.1 Progressive Companies 17.6.2 Responsive Companies 17.6.3 Dynamic Companies 17.6.4 Starting Blocks 17.6.5 Competitive Benchmarking 17.7 Company Valuation and Financial Metrics 17.8 Brand/Product Comparison 17.9 Competitive Scenario 17.9.1 Product Launches/Developments 17.9.2 Deals 17.9.3 Other Developments
18 Company Profiles
18.1 Key Players 18.1.1 Siemens Energy 18.1.1.1 Business Overview 18.1.1.2 Products Offered 18.1.1.3 Recent Developments 18.1.1.3.1 Deals 18.1.1.3.2 Other Developments 18.1.1.4 Analyst's View 18.1.1.4.1 Key Strengths 18.1.1.4.2 Strategic Choices 18.1.1.4.3 Weaknesses and Competitive Threats 18.1.2 Leclanché SA 18.1.2.1 Business Overview 18.1.2.2 Products Offered 18.1.2.3 Recent Developments 18.1.2.3.1 Product Launches 18.1.2.3.2 Deals 18.1.2.3.3 Other Developments 18.1.2.4 Analyst's View 18.1.2.4.1 Key Strengths 18.1.2.4.2 Strategic Choices 18.1.2.4.3 Weaknesses and Competitive Threats 18.1.3 Corvus Energy 18.1.3.1 Business Overview 18.1.3.2 Products Offered 18.1.3.3 Recent Developments 18.1.3.3.1 Deals 18.1.3.3.2 Other Developments 18.1.3.4 Analyst's View 18.1.3.4.1 Key Strengths 18.1.3.4.2 Strategic Choices 18.1.3.4.3 Weaknesses and Competitive Threats 18.1.4 Toshiba Corporation 18.1.4.1 Business Overview 18.1.4.2 Products Offered 18.1.4.3 Recent Developments 18.1.4.3.1 Deals 18.1.4.4 Analyst's View 18.1.4.4.1 Key Strengths 18.1.4.4.2 Strategic Choices 18.1.4.4.3 Weaknesses and Competitive Threats 18.1.5 Enersys 18.1.5.1 Business Overview 18.1.5.2 Products Offered 18.1.5.3 Recent Developments 18.1.5.3.1 Deals 18.1.5.3.2 Other Developments 18.1.5.4 Analyst's View 18.1.5.4.1 Key Strengths 18.1.5.4.2 Strategic Choices 18.1.5.4.3 Weaknesses and Competitive Threats 18.1.6 Shift 18.1.6.1 Business Overview 18.1.6.2 Products Offered 18.1.6.3 Recent Developments 18.1.6.3.1 Deals 18.1.7 Saft 18.1.7.1 Business Overview 18.1.7.2 Products Offered 18.1.7.3 Recent Developments 18.1.7.3.1 Product Launches 18.1.8 Sensata Technologies, Inc. 18.1.8.1 Business Overview 18.1.8.2 Products Offered 18.1.8.3 Recent Developments 18.1.8.3.1 Deals 18.1.9 Powertech Systems 18.1.9.1 Business Overview 18.1.9.2 Products Offered 18.1.10 The Furukawa Battery Co. Ltd. 18.1.10.1 Business Overview 18.1.10.2 Products Offered 18.1.10.3 Recent Developments 18.1.10.3.1 Deals 18.1.11 East Penn Manufacturing Company 18.1.11.1 Business Overview 18.1.11.2 Products Offered 18.1.11.3 Recent Developments 18.1.11.3.1 Product Launches 18.1.11.3.2 Deals 18.1.12 Korea Special Battery Co. Ltd. (Ksb) 18.1.12.1 Business Overview 18.1.12.2 Products Offered 18.1.13 Clarios 18.1.13.1 Business Overview 18.1.13.2 Products Offered 18.1.13.3 Recent Developments 18.1.13.3.1 Product Launches 18.1.14 Exide Technologies 18.1.14.1 Business Overview 18.1.14.2 Products Offered 18.1.14.3 Recent Developments 18.1.14.3.1 Product Launches 18.1.15 Shenzhen Manly Battery Co. Ltd. 18.1.15.1 Business Overview 18.1.15.2 Products Offered 18.2 Other Players 18.2.1 Echandia Ab 18.2.2 Forsee Power 18.2.3 Est-Floattech 18.2.4 Lithiumwerks 18.2.5 Lifeline 18.2.6 Everexceed Industrial Co. Ltd. 18.2.7 US Battery 18.2.8 Solaredge 18.2.9 Freudenberg E-Power Systems 18.2.10 Sonnenschein
Figure 1 Report Process Flow Figure 2 Research Design Figure 3 Breakdown of Primary Interviews Figure 4 Market Size Estimation Methodology: Bottom-Up Approach Figure 5 Top-Down Approach Figure 6 Data Triangulation Figure 7 Commercial Segment to Lead Market During Forecast Period Figure 8 Lithium Segment to Register Highest CAGR During Forecast Period Figure 9 Prismatic Segment to Account for Largest Share During Forecast Period Figure 10 151-745 kW Segment to Lead Market During Forecast Period Figure 11 Liquid/Gel-based Segment to Lead Market During Forecast Period Figure 12 Europe to Account for Largest Market Share in 2024 Figure 13 Increasing Technological Advancements to Drive Demand for Marine Batteries Figure 14 Commercial Segment to Account for Largest Share in 2024 Figure 15 Lithium Segment to Capture Largest Market Share During Forecast Period Figure 16 Starting Batteries Segment to Account for Largest Share During Forecast Period Figure 17 Aftermarket Segment to Account for Dominant Share During Forecast Period Figure 18 Conventional Segment to Lead Market During Forecast Period Figure 19 > 250 Ah Segment to Lead Market During Forecast Period Figure 20 Prismatic Segment to Account for Largest Share During Forecast Period Figure 21 Liquid/Gel-based Segment to Lead Market During Forecast Period Figure 22 151-745 kW Segment to Account for Largest Market Share During Forecast Period Figure 23 Saudi Arabia to be Fastest-Growing Market During Forecast Period Figure 24 Marine Battery Market: Drivers, Restraints, Opportunities, and Challenges Figure 25 Development Stages of Port and Bunker Projects, by Fuel Type, 2023 Figure 26 Trends and Disruptions Impacting Customer Business Figure 27 Value Chain Analysis Figure 28 Ecosystem Analysis Figure 29 Global Average Battery Pricing and Average Battery Pricing for Marine Applications, 2020-2023 (USD) Figure 30 Global Average Battery Pricing Forecast and Average Battery Pricing Forecast for Marine Applications, 2024-2030 (USD) Figure 31 Lithium-Ion Pricing for Nmc and Phosphate Types, 2020-2023 (USD Million) Figure 32 Lithium-Ion Pricing Forecast for Nmc and Phosphate Types, 2024-2030 (USD Million) Figure 33 Investment and Funding Scenario, 2020-2024 (USD Million) Figure 34 Import Data for HS Code 8901 Vessels, by Country, 2019-2023 (USD Thousand) Figure 35 Export Data for HS Code 8901 Vessels, 2019-2023 (USD Thousand) Figure 36 Influence of Stakeholders on Buying Process, by Key Vessel Types Figure 37 Key Buying Criteria, by Vessel Type Figure 38 Impact of AI on Marine Vessel Functioning Figure 39 Tco of Marine Batteries Throughout Their Lifecycle Figure 40 Tco Comparison of Marine Batteries, by Vessel Type Figure 41 Marine Battery Market: Business Models Figure 42 Bill of Materials Analysis for Marine Battery Components Figure 43 Bill of Materials Analysis for Lithium-Ion Marine Batteries Figure 44 Bill of Materials Analysis for Lead-Acid Batteries Figure 45 Evolution of Key Technologies Figure 46 Technology Roadmap for Marine Battery Market Figure 47 Battery Packing Form Figure 48 Solid-State Battery Packing Figure 49 Supply Chain Analysis Figure 50 List of Major Patents Granted in Marine Battery Market, 2013-2023 Figure 51 Power Consumption for Passenger Vessels Figure 52 Power Consumption for Cargo and Other Commercial Vessels Figure 53 Capacity vs. Power for Different Vessel Types Figure 54 Starting Batteries Segment to Account for Largest Share During Forecast Period Figure 55 151-745 kW Segment to Account for Largest Share During Forecast Period Figure 56 > 250 Ah Segment to Register Highest CAGR During Forecast Period Figure 57 Solid-State Segment to Have Higher CAGR During Forecast Period Figure 58 Prismatic Segment to Account for Largest Share During Forecast Period Figure 59 Fully Electric Segment to Register Highest CAGR During Forecast Period Figure 60 OEMs Segment to Register Higher CAGR Than Aftermarket Segment During Forecast Period Figure 61 Lithium Segment to Lead Market During Forecast Period Figure 62 Unmanned Maritime Vehicles Segment to Achieve Highest CAGR During Forecast Period Figure 63 Marine Battery Market: Regional Snapshot Figure 64 North America: Marine Battery Market Snapshot Figure 65 Europe: Marine Battery Market Snapshot Figure 66 Asia-Pacific: Marine Battery Market Snapshot Figure 67 Middle East & Africa: Marine Battery Market Snapshot Figure 68 Latin America: Marine Battery Market Snapshot Figure 69 Revenue Analysis of Top 5 Players, 2019-2023 (USD Million) Figure 70 Market Share Analysis of Key Players, 2023 Figure 71 Marine Battery Market: Company Evaluation Matrix (Key Players), 2023 Figure 72 Marine Battery Market: Company Footprint Figure 73 Marine Battery Market: Company Evaluation Matrix (Startups/SMEs), 2023 Figure 74 EV/Ebidta of Prominent Market Players Figure 75 Company Valuation of Prominent Market Players Figure 76 Brand/Product Comparison Figure 77 Siemens Energy: Company Snapshot Figure 78 Leclanché SA: Company Snapshot Figure 79 Toshiba Corporation: Company Snapshot Figure 80 Enersys: Company Snapshot Figure 81 The Furukawa Battery Co. Ltd.: Company Snapshot
The Marine Battery market is an important part of the Maritime industry, providing power to vessels and other marine equipment. Marine batteries are designed to withstand the harsh conditions of the marine environment, including extreme temperatures, saltwater, and vibration. They are available in a variety of sizes and types, including lead-acid, lithium-ion, and nickel-cadmium. Marine batteries are used to power a variety of marine applications, such as navigation systems, propulsion systems, and auxiliary power systems.
The Marine Battery market is highly competitive, with a number of manufacturers offering a wide range of products. Companies such as Johnson Controls, Exide Technologies, and Trojan Battery are leading suppliers of marine batteries. Other companies in the market include NorthStar Battery, Optima Batteries, and Lifeline Batteries. Show Less Read more
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