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Marine Battery Market by Type, Vessel Type Function, Capacity, Propulsion, Power, Design, Form, Sales, Regions, Global Forecast to 2030

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    Report

  • 293 Pages
  • December 2024
  • Region: Global
  • Markets and Markets
  • ID: 5128989
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
19 Appendix
19.1 Discussion Guide
19.2 Annexure
19.3 Knowledgestore: The Subscription Portal
19.4 Customization Options
List of Figures
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

Companies Mentioned

  • Siemens Energy
  • Leclanché SA
  • Corvus Energy
  • Toshiba Corporation
  • Enersys
  • Shift
  • Saft
  • Sensata Technologies, Inc.
  • Powertech Systems
  • The Furukawa Battery Co. Ltd.
  • East Penn Manufacturing Company
  • Korea Special Battery Co. Ltd. (Ksb)
  • Clarios
  • Exide Technologies
  • Shenzhen Manly Battery Co. Ltd.
  • Echandia Ab
  • Forsee Power
  • Est-Floattech
  • Lithiumwerks
  • Lifeline
  • Everexceed Industrial Co. Ltd.
  • US Battery
  • Solaredge
  • Freudenberg E-Power Systems
  • Sonnenschein

Methodology

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Table Information