Quick Summary:
The global Submarine Batteries market is on an upward trajectory, projected for significant growth from an estimated US$1.7 Billion in 2022 to reach US$2.1 Billion by 2030. Business executives who wish to stay on the cutting edge of this burgeoning sector cannot afford to miss this comprehensive market research report.
This report offers not only valuable insights into the potential growth areas in the Submarine Batteries industry but also elaborates on the key players driving this advancement. With in-depth analysis of the major contributing segments including SSK, and the SSN segment expected to see a revised growth of 3.6% CAGR over the next 8 years, it provides a clear roadmap of investment opportunities.
From significant markets such as the U.S and China, to emerging markets like Germany, it provides a global overview of the sector. Obtain a competitive advantage by knowing your market presence across multiple geographies, and stay updated with complimentary updates for one year. Leverage this report for strategic planning – be it for entering new markets, mergers, acquisitions, or new product development.
Global Submarine Batteries Market to Reach $2.1 Billion by 2030
The global market for Submarine Batteries estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$2.1 Billion by 2030, growing at a CAGR of 3.2% over the analysis period 2022-2030. SSK, one of the segments analyzed in the report, is projected to record 2.9% CAGR and reach US$1.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the SSN segment is readjusted to a revised 3.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $493.1 Million, While China is Forecast to Grow at 2.9% CAGR
The Submarine Batteries market in the U.S. is estimated at US$493.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$377.5 Million by the year 2030 trailing a CAGR of 2.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.Select Competitors (Total 42 Featured) -
- EnerSys
- Exide Technologies
- GS Yuasa Corporation
- HBL Power Systems Ltd.
- SAFT
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Submarine Batteries?
What is the growth rate of the Global Market for Submarine Batteries?
What is the forecasted size of the Global Market for Submarine Batteries?
Who are the key companies in the Global Market for Submarine Batteries?
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.7 Billion |
| Forecasted Market Value ( USD | $ 2.1 Billion |
| Compound Annual Growth Rate | 2.7% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- EnerSys
- Exide Technologies
- GS Yuasa Corporation
- HBL Power Systems Ltd.
- SAFT
