The Marine Battery market size is projected to grow from USD 527 Million in 2022 to USD 2,056 Million by 2030, at a CAGR of 18.6% from 2022 to 2030. The increase in global commercial operations and the surge in alternative propulsion systems in marine vessels are the primary factors driving the growth of the Marine Battery market. Furthermore, the demand for advanced battery systems onboard marine vessel is boosting the adoption of Marine Battery, which reduces harmful emissions and decreases end-user operating and maintenance costs.
Dual Purpose Battery segment is expected to account for the largest share in 2022
Based on Battery Function, the dual-purpose battery segment is projected to lead the Marine Battery market during the forecast period. Dual purpose batteries are suitable for applications requiring strong cranking power and low amp cycle service to meet the extended auxiliary power needs of electrical accessories. These batteries can tolerate deep discharge rates that cannot be handled by starting batteries. Although they have a lower storage capacity, small-sized vessels prefer dual-purpose batteries for operations. A rise in the number of small-sized vessels across the globe will lead to the demand for dual-purpose batteries during the forecast period.
The Lithium battery segment is projected to dominate the market share in the By BatteryType segment during the forecast period
Based on Battery Type, the lithium battery segment is projected to dominate the market share during the forecast period. The market is further segmented into lead-acid, nickel cadmium, sodium-ion and fuel-cells. The growth of lithium batteries is influenced by the rapidly increasing adoption of light-weight and high-energy density lithium batteries and energy storage systems that offer low operational cost per kWh and can be fitted as per any configuration, unlike sealed lead-acid batteries. With increasing modernization of fleets with hybrid and fully electric propulsion systems the lithium battery segment is set to witness a significant growth during the forecasted period.
The Liquid/Gel based battery is projected to dominate market share in the battery design segment during the forecast period
Based on Battery Design, the liquid/gel based battery segment is projected to dominate the market share in 2030, growing at a CAGR of 14.1% from 2022 to 2030. Enhanced safety features of liquid/gel based battery systems such as anti-corrosion, prevention of gas leakages and evaporation are some of the factors that will increase the adoption rates of liquid/gel-based batteries during the forecasted period.
The OEM segment is projected to lead Marine Battery market during the forecast period
Based on Sales Channel, the OEM segment is projected to lead the Marine Battery market during the forecast period. The OEM section of the market is driven by the continuous fleet expansion projects of numerous end users, including commercial passenger vessels, as well as cargoes, oil tankers and military operators. Several ship manufacturers and merchant vessel owners are expanding their fleets by investing in fully-electric propulsion systems.
Europe is expected to account for the largest market share in 2022
The Marine Battery market industry has been studied in North America, Europe, Asia Pacific, and Rest of the World. Europe accounted for the largest market share in 2022, and it is also projected to witness the highest CAGR during the forecast period. The presence of major players, OEMs, and component manufacturers are some of the factors projected to drive the European marine battery market. Additionally, the growing need for sustainable marine vessels, through hybrid and fully electric propulsion systems for civil and commercial purposes, for increased distances of freight travel and trade operations, are factors affecting market expansion in the region.
The break-up of the profile of primary participants in the Marine Battery market:
- By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
- By Designation: C Level - 50%, Director Level - 25%, Others - 25%
- By Region: North America - 47%, Europe - 21%, Asia Pacific - 21%, Rest of the World - 11%
Prominent companies include Corvus Energy (Norway), Leclanché S.A. (Switzerland), Siemens AG (Germany), Saft SA (France) and Shift Clean Energy (Canada) among others.
Research Coverage:
The report segments the Marine Battery market based on Ship Type, Battery Function, Nominal Capacity, Propulsion Type, Ship Power, Battery Design, Battery Type, Sales Channel, Energy Density, and Region. Based on Ship Type, the market is segmented into commercial, defense, and unmanned vessels. The marine battery market, based on battery function, has been segmented into starting batteries, deep-cycle batteries, and dual purpose batteries. The marine battery market, based on nominal capacity, has been segmented into <100 AH, 100-250 AH, and >250 AH. The marine battery market, based on propulsion type, has been segmented into fully electric, hybrid, and conventional. The marine battery market, based on ship power, has been segmented into <75 kW, 75-150 kW, 150-745 kW, 745-7,560 kW, and >7,560 kW. The marine battery market, based on battery design, is segmented into solid state and liquid/gel-based.
The marine battery market, based on battery type, is segmented into lithium, lead-acid, nickel cadmium, sodium-ion, and fuel cells. On the basis of sales channel, the marine battery market has been segmented into OEM and aftermarket. The marine battery market, based on energy density, has been segmented into <100 Wh/kg, 100-500 Wh/kg, and >500 Wh/kg. The Marine Battery market has been studied for North America, Europe, Asia Pacific, and Rest of the World. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Marine Battery market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, solutions, and services; key strategies; Contracts, partnerships, agreements, new product & service launches, mergers and acquisitions; and recent developments associated with the Marine Battery market. Competitive analysis of upcoming startups in the Marine Battery market ecosystem is covered in this report.
Reasons to buy this report:
The 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 the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on Marine Battery offered by the top players in the market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Marine Battery market
- Market Development: Comprehensive information about lucrative markets - the report analyses the Marine Battery market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Marine Battery market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the Marine Battery market
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Marine Battery Market Segmentation
1.3.2 Regional Scope
Figure 2 Marine Battery Market: Regional Scope
1.3.3 Years Considered
1.4 Inclusions and Exclusions
Table 1 Inclusions and Exclusions in Marine Battery Market
1.5 Currency Considered
1.6 Limitations
1.7 Market Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 3 Report Process Flow
Figure 4 Marine Battery Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.2 Recession Impact Analysis (Ria)
2.2.1 Demand-Side Indicators
Figure 5 US: Naval Defense Budget
Figure 6 Breakdown of Us Naval Defense Budget
2.2.2 Supply-Side Analysis
2.3 Factor Analysis
2.3.1 Introduction
2.3.2 Demand-Side Indicators
2.3.2.1 Growing Maritime Tourism Industry
2.3.3 Supply-Side Analysis
2.3.3.1 Advanced Batteries for Electric and Hybrid Ships
2.4 Market Scope
2.4.1 Segments and Subsegments
2.4.2 Exclusions
2.4.3 Primary Interviewee Details
2.5 Market Size Estimation and Methodology
2.5.1 Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
2.5.2 Top-Down Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
2.6 Data Triangulation
Figure 9 Data Triangulation: Marine Battery Market
2.7 Market Sizing and Forecasting
Figure 10 Research Assumptions
2.8 Limitations
2.9 Growth Forecast
3 Executive Summary
Figure 11 Conventional Segment Projected to Lead Marine Battery Market During Forecast Period
Figure 12 Lithium Batteries to Lead Market from 2022 to 2030
Figure 13 By Sales Channel, Oem Segment Projected to Lead Marine Battery Market During Forecast Period
Figure 14 Europe to Account for Highest CAGR in Marine Battery Market from 2022 to 2030
4 Premium Insights
4.1 Attractive Opportunities for Players in Marine Battery Market
Figure 15 Implementation of Sulfur 2020 Rule and Development of Lithium-Ion Batteries to Drive Marine Battery Market
4.2 Marine Battery Market, by Ship Type
Figure 16 Commercial Segment to Dominate Marine Battery Market During Forecast Period
4.3 Marine Battery Market, by Ship Power
Figure 17 150-745 Kw Segment to Lead Marine Battery Market from 2022 to 2030
4.4 Marine Battery Market, by Region
Figure 18 Finland to Account for Highest CAGR in Marine Battery Market, 2022-2030
5 Market Overview
5.1 Introduction
5.1.1 Roadmap of Marine Electrification
Table 2 Milestones of Implementation Plan for Electrification in Marine Transport (2025-2035-2050)
5.2 Market Dynamics
Figure 19 Marine Battery Market Dynamics: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Implementation of Sulphur 2020 Rule
Table 3 Sulfur Content Regulations in Bunker Fuel
5.2.1.2 Rising Demand for Electric and Hybrid Passenger Vessels
5.2.1.3 Increased Global Seaborne Trade
5.2.1.4 Growing Maritime Tourism Industry
5.2.1.5 Development of Lithium Batteries
Figure 20 Most Common Lithium-Ion Batteries with Key Features
Table 4 Current Battery Capacity and Requirements of Some Ships
5.2.2 Restraints
5.2.2.1 Long Downtime During Retrofitting
5.2.2.2 Limited Range and Capacity of Fully Electric Ships
5.2.3 Opportunities
5.2.3.1 Potential for Marine Battery Manufacturers
5.2.3.2 Potential for Battery Charging
5.2.3.3 Hybrid Propulsion Technology for Large Ships
5.2.4 Challenges
5.2.4.1 Inadequate Charging Infrastructure
5.2.4.2 High Initial Capital Expenditure
Table 5 Capital Expenditure and Annual Savings
Table 6 Capital Expenditure and Payback
Table 7 Capital Expenditure, Savings, and Payback
5.3 Trends/Disruptions Impacting Customers’ Businesses
5.3.1 Revenue Shift and New Revenue Pockets for Marine Battery Market
Figure 21 Revenue Shift and New Revenue Pockets for Marine Battery Market
5.4 Value Chain Analysis
Figure 22 Value Chain Analysis: Marine Battery Market
5.5 Average Selling Price
Table 8 Average Selling Price, by Battery Type
5.6 Market Ecosystem Map
5.6.1 Prominent Companies
5.6.2 Private and Small Enterprises
5.6.3 End-users
Figure 23 Market Ecosystem Map: Marine Battery Market
Table 9 Marine Battery Market Ecosystem
5.7 Porter's Five Forces Model
Table 10 Porter's Five Forces Analysis
Figure 24 Marine Battery Market: Porter's Five Forces Analysis
5.8 Recession Impact Analysis
Figure 25 Recession Impact Analysis
5.9 Case Study Analysis
5.9.1 Rolls-Royce Marine - 2020
5.9.2 Kongsberg and Yara - 2020
5.9.3 Japanese Consortium - 2025
5.10 Tariff and Regulatory Landscape
5.11 Key Stakeholders and Buying Criteria
5.11.1 Key Stakeholders in Buying Process
Figure 26 Influence of Stakeholders on Buying Process of Marine Battery Products and Systems
Table 11 Influence of Stakeholders on Buying Process of Marine Battery Products and Systems (%)
5.11.2 Buying Criteria
Figure 27 Key Buying Criteria for Marine Battery Products and Systems
Table 12 Key Buying Criteria for Marine Battery Products and Systems
6 Industry Trends
6.1 Introduction
6.2 Roadmap Toward Emission-Free Shipping Industry
Figure 28 Roadmap Toward Emission-Free Shipping Industry
6.3 Phasing of Marine Propulsion Technologies
Figure 29 Potential Phasing of Different Propulsion Technologies in Marine Industry
6.4 Emerging Trends
Figure 30 Emerging Trends
6.4.1 Electrification of Leisure Boats
6.4.2 Potential of Hybrid Technology
6.4.3 Fully Electric Ferries for Passenger Transport
6.4.4 Solar Sails
6.4.5 Advanced Batteries for Electric Ships
6.4.6 Potential of Hydrogen as Zero-Emission Fuel for Shipping Industry
6.4.7 Battery-Powered Naval Vessels
6.4.8 Next-Generation Solid-State Battery Technology
6.4.8.1 Summary of Commercial Batteries
6.5 Supply Chain Analysis
Figure 31 Supply Chain Analysis
6.6 Innovation and Patent Registrations
7 Marine Battery Market, by Ship Type
7.1 Introduction
Figure 32 Commercial Ships Segment to Dominate Marine Battery Market During Forecast Period
Table 13 Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 14 Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
7.2 Commercial
Table 15 Marine Battery Market, by Commercial Ship, 2018-2021 (USD Millions)
Table 16 Marine Battery Market, by Commercial Ship, 2022-2030 (USD Million)
7.2.1 Passenger Vessels
Table 17 Passenger Vessels: Marine Battery Market, by Type, 2018-2021 (Units)
Table 18 Passenger Vessels: Marine Battery Market, by Type, 2022-2030 (Units)
7.2.1.1 Yachts
7.2.1.1.1 Use Solar Power to Charge Batteries
7.2.1.2 Ferries
7.2.1.2.1 High Adoption of Electric Ferries in North America and Europe
7.2.1.3 Cruise Ships
7.2.1.3.1 Increased Adoption of Hybrid-Electric Propulsion Technology
7.2.2 Cargo Vessels
Table 19 Cargo Vessels: Marine Battery Market, by Type, 2018-2021 (USD Million)
Table 20 Cargo Vessels: Marine Battery Market, by Type, 2022-2030 (USD Millions)
7.2.2.1 Container Vessels
7.2.2.1.1 First to Adopt Fully Electric Setup
7.2.2.2 Bulk Carriers
7.2.2.2.1 Fitted with Hybrid-Electric Propulsion Systems due to Constraints Faced by Pure Battery Systems
7.2.2.3 Tankers
7.2.2.3.1 Improved Energy and Battery Systems
7.2.2.4 Gas Tankers
7.2.2.4.1 Transitioning to Sustainable Mode of Propulsion
7.2.2.5 Dry Cargo Ships
7.2.2.5.1 Increased Demand to Handle Cargo Volume
7.2.2.6 Barges
7.2.2.6.1 Development of Battery-Driven Barges for Emission-Free Sailing
7.2.3 Others
Table 21 Other Vessels: Marine Battery Market, by Type, 2018-2021 (USD Million)
Table 22 Other Vessels: Marine Battery Market, by Type, 2022-2030 (USD Million)
7.2.3.1 Fishing Vessels
7.2.3.1.1 Fuel Consumption of Fully Electric Fishing Vessels Reduced by 80%
7.2.3.2 Tugs and Workboats
7.2.3.2.1 Electrification to Significantly Reduce Emissions at Ports
7.2.3.3 Research Vessels
7.2.3.3.1 Market for Retrofitting Research Vessels Larger Than Newbuilds
7.2.3.4 Dredgers
7.2.3.4.1 Increasing Adoption of Electric Systems to Reduce Emissions
7.3 Defense
Table 23 Marine Battery Market, by Defense Ship, 2018-2021 (USD Million)
Table 24 Marine Battery Market, by Defense Ship, 2022-2030 (Units)
7.3.1 Destroyers
7.3.1.1 Integration of Electric Propulsive Destroyers by Navies
7.3.2 Frigates
7.3.2.1 Plans by Naval Forces to Install Hybrid Propulsion Systems for Frigates
7.3.3 Corvettes
7.3.3.1 High Reliance of Defense Forces on All-Electric Propulsion Corvettes
7.3.4 Amphibious Ships
7.3.4.1 Naval Forces to Use Amphibious Ships with Hybrid Propulsion
7.3.5 Offshore Support Vessels (Osvs)
7.3.5.1 Available in Hybrid and Electric Propulsion Setup
7.3.6 Minesweepers
7.3.6.1 Designed to Remove or Detonate Naval Mines
7.3.7 Missile-Carrying Boats and Supply Boats
7.3.7.1 Wider Adoption in Developing Countries
7.3.8 Submarines
7.3.8.1 Development of Electric Propulsion Systems
7.4 Unmanned
Table 25 Marine Battery Market, by Unmanned, 2018-2021 (USD Million)
Table 26 Marine Battery Market, by Unmanned, 2022-2030 (USD Millions)
7.4.1 Remotely Operated Vehicles (Rovs)
7.4.1.1 Utilized for Offshore Exploration and Security Checks
7.4.2 Autonomous Underwater Vehicles (Auvs)
7.4.2.1 Provide More Accurate Data due to Better Payload Capacity
8 Marine Battery Market, by Battery Function
8.1 Introduction
Figure 33 Dual Purpose Batteries to Register Highest CAGR During Forecast Period
Table 27 Marine Battery Market, by Battery Function, 2018-2021 (USD Million)
Table 28 Marine Battery Market, by Battery Function, 2022-2030 (USD Million)
8.2 Starting Batteries
8.2.1 Provide Quick and Powerful Energy
8.3 Deep-Cycle Batteries
8.3.1 Support Longer Voyages for Large Ships
8.4 Dual Purpose Batteries
8.4.1 Preferred by Small-Sized Vessels
9 Marine Battery Market, by Nominal Capacity
9.1 Introduction
Figure 34 >250 Ah Segment to Register Highest CAGR During Forecast Period
Table 29 Marine Battery Market, by Nominal Capacity, 2018-2021 (USD Million)
Table 30 Marine Battery Market, by Nominal Capacity, 2022-2030 (USD Million)
9.2 <100 Ah
9.2.1 Used in Inland Ferries
9.3 100-250 Ah
9.3.1 Operates Dry Cargo Vessels and Barges
9.4 >250 Ah
9.4.1 Higher Demand due to Rise in Seafaring Vessels Globally
10 Marine Battery Market, by Propulsion Type
10.1 Introduction
Figure 35 Fully Electric Segment to Have Highest Growth During Forecast Period
Table 31 Marine Battery Market, by Propulsion Type, 2018-2021 (USD Million)
Table 32 Marine Battery Market, by Propulsion Type, 2022-2030 (USD Million)
10.2 Fully Electric
10.2.1 High Energy Storage in Batteries and Optimized Power Control
Table 33 All Electric Ship Projects (Global)
10.3 Hybrid
10.3.1 Reduces Nox and Sox Emissions
10.4 Conventional
10.4.1 Retrofitting Hybrid-Electric Propulsion to Reduce Greenhouse Emissions
11 Marine Battery Market, by Ship Power
11.1 Introduction
Figure 36 By Ship Power, 150-745 Segment to Lead Marine Battery Market During Forecast Period
Table 34 Marine Battery Market, by Ship Power, 2018-2021 (USD Million)
Table 35 Marine Battery Market, by Ship Power, 2022-2030 (USD Millions)
11.2 <75 Kw
11.2.1 Equipped in Yachts
11.3 75-150 Kw
11.3.1 More Demand for Fully Electric Ferries
11.4 150-745 Kw
11.4.1 Large Retrofit Potential for Cargo Vessels in 150-745 Kw Range
11.5 740-7,560 Kw
11.5.1 Help Reduce Fuel Consumption
11.6 >7,560 Kw
11.6.1 Expected to Have Smallest Market
12 Marine Battery Market, by Battery Design
12.1 Introduction
Figure 37 Liquid/Gel-Based Segment to Register Higher CAGR During Forecast Period
Table 36 Marine Battery Market, by Battery Design, 2018-2021 (USD Million)
Table 37 Marine Battery Market, by Battery Design, 2022-2030 (USD Million)
12.2 Solid State
12.2.1 Higher Energy Density and Safety Against Fire Hazards
12.3 Liquid/Gel-Based
12.3.1 Enables Safer Battery Servicing
13 Marine Battery Market, by Battery Type
13.1 Introduction
Figure 38 Fuel Cells Segment to Grow Fastest in Marine Battery Market from 2022 to 2030
Table 38 Marine Battery Market, by Battery Type, 2018-2021 (USD Million)
Table 39 Marine Battery Market, by Battery Type, 2022-2030 (USD Million)
13.2 Lithium
13.2.1 Long Life Cycle and High Power Storage
13.3 Lead-Acid
13.3.1 Durable, Easily Recyclable, Cost-Effective, and Simple to Charge
13.3.2 Flooded
13.3.3 Gel
13.3.4 Agm
13.4 Nickel Cadmium
13.4.1 Used in Emergency Lighting, Backup Systems, Secondary Power, and Other Similar Applications
13.5 Sodium-Ion
13.5.1 High Energy Density and Low Charging Time
13.6 Fuel Cells
13.6.1 Alternative Technology to Lithium-Ion and Lead-Acid Batteries
13.6.2 Hydrogen-Based
13.6.3 Ammonia-Based
13.6.4 Oxide-Based
13.6.5 Carbon-Based
14 Marine Battery Market, by Sales Channel
14.1 Introduction
Figure 39 Oem Segment to Register Highest Growth During Forecast Period
Table 40 Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 41 Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
14.2 Oem
14.2.1 Hybrid Technology Used for Sustainable Expedition
14.3 Aftermarket
14.3.1 Retrofitting with Batteries to Reduce Dependency on Conventional Propulsion
15 Marine Battery Market, by Energy Density
15.1 Introduction
Table 42 Energy Density and System Energy of Various Battery Types
Figure 40 > 500Wh/Kg Segment to Register Higher CAGR Than Other Segments During Forecast Period
Table 43 Marine Battery Market, by Energy Density, 2018-2021 (USD Million)
Table 44 Marine Battery Market, by Energy Density, 2022-2030 (USD Million)
15.2 <100 Wh/Kg
15.2.1 Used for Secondary and Emergency Power Applications
15.3 100-500 Wh/Kg
15.3.1 Used for Primary Power Storage and Propulsion
15.4 >500 Wh/Kg
15.4.1 Used for Applications Like Propulsion
16 Regional Analysis
16.1 Introduction
Figure 41 Marine Battery Market: Regional Snapshot
16.1.1 Regional Recession Impact Analysis
Figure 42 Naval Budget Trend, by Region (2019-2022)
Figure 43 Regional Recession Impact Analysis
Table 45 Marine Battery Market, by Region, 2018-2021 (USD Million)
Table 46 Marine Battery Market, by Region, 2022-2030 (USD Million)
16.2 North America
Figure 44 North America: Marine Battery Market Snapshot
16.2.1 North America: PESTLE Analysis
Table 47 North America: Marine Battery Market, by Country, 2018-2021 (USD Million)
Table 48 North America: Marine Battery Market, by Country, 2022-2030 (USD Million)
Table 49 North America: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 50 North America: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 51 North America: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 52 North America: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.2.2 US
16.2.2.1 Increased Adoption of Electric Boats
Table 53 US: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 54 US: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 55 US: Marine Battery Market Size, by Ship Type, 2018-2021 (USD Million)
Table 56 US: Marine Battery Market Size, by Ship Type, 2022-2030 (USD Million)
16.2.3 Canada
16.2.3.1 Strategic Decision to Develop Indigenous Marine Industry
Table 57 Canada: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 58 Canada: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 59 Canada: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 60 Canada: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.3 Europe
16.3.1 Europe: PESTLE Analysis
Figure 45 Europe: Marine Battery Market Snapshot
Table 61 Europe: Marine Battery Market, by Country, 2018-2021 (USD Million)
Table 62 Europe: Marine Battery Market, by Country, 2022-2030 (USD Million)
Table 63 Europe: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 64 Europe: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 65 Europe: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 66 Europe: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.3.2 Norway
16.3.2.1 Implementation of Imo Rule
Table 67 Norway: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 68 Norway: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 69 Norway: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 70 Norway: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.3.3 Sweden
16.3.3.1 Stringent Imo 2020 Rule
Table 71 Sweden: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 72 Sweden: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 73 Sweden: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 74 Sweden: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.3.4 Netherlands
16.3.4.1 Push Toward Zero-Emission Ships
Table 75 Netherlands: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 76 Netherlands: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 77 Netherlands: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 78 Netherlands: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.3.5 Denmark
16.3.5.1 Stringent Environmental Regulations
Table 79 Denmark: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 80 Denmark: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 81 Denmark: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 82 Denmark: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.3.6 UK
16.3.6.1 Rising Focus on Adoption of Batteries by Shipbuilders
Table 83 UK: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 84 UK: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 85 UK: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 86 UK: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.3.7 Finland
16.3.7.1 Major Focus on Green Marine Technologies
Table 87 Finland: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 88 Finland: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 89 Finland: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 90 Finland: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.3.8 Rest of Europe
Table 91 Rest of Europe: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 92 Rest of Europe: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 93 Rest of Europe: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 94 Rest of Europe: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.4 Asia-Pacific
Figure 46 Asia-Pacific: Marine Battery Market Snapshot
Table 95 Asia-Pacific: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 96 Asia-Pacific: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 97 Asia-Pacific: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 98 Asia-Pacific: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
Table 99 Asia-Pacific: Marine Battery Market Volume, by Country, 2018-2021 (USD Million)
Table 100 Asia-Pacific: Marine Battery Market, by Country, 2022-2030 (USD Million)
16.4.1 China
16.4.1.1 Presence of Several Shipbuilding Companies
Table 101 China: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 102 China: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 103 China: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 104 China: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.4.2 South Korea
16.4.2.1 Development of Fuel Cells for Propulsion Systems
Table 105 South Korea: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 106 South Korea: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 107 South Korea: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 108 South Korea: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.4.3 Japan
16.4.3.1 Increasing Focus on Reducing Greenhouse Gas Emissions from International Shipping
Table 109 Japan: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 110 Japan: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 111 Japan: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 112 Japan: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.4.4 Australia
16.4.4.1 Switch from Diesel-Driven Ships to Battery-Propelled Ships
Table 113 Australia: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 114 Australia: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 115 Australia: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 116 Australia: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.4.5 India
16.4.5.1 Demand to Reduce Carbon Emissions
Table 117 India: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 118 India: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 119 India: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 120 India: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.4.6 Rest of Asia-Pacific
16.4.6.1 Development of Electric Passenger Ferries
Table 121 Rest of Asia-Pacific: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 122 Rest of Asia-Pacific: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 123 Rest of Asia-Pacific: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 124 Rest of Asia-Pacific: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.5 Rest of the World
Figure 47 Rest of the World: Marine Battery Market Snapshot
Table 125 Rest of the World: Marine Battery Market, by Region, 2018-2021 (USD Million)
Table 126 Rest of the World: Marine Battery Market, by Region, 2022-2030 (USD Million)
Table 127 Rest of the World: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 128 Rest of the World: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 129 Rest of the World: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 130 Rest of the World: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.5.1 Latin America
16.5.1.1 Large Fleet Size of Ships to Adopt Hybrid Propulsion
Table 131 Latin America: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 132 Latin America: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 133 Latin America: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 134 Latin America: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
16.5.2 Middle East & Africa
16.5.2.1 Retrofitting of Existing Ship Fleet
Table 135 Middle East & Africa: Marine Battery Market, by Sales Channel, 2018-2021 (USD Million)
Table 136 Middle East & Africa: Marine Battery Market, by Sales Channel, 2022-2030 (USD Million)
Table 137 Middle East & Africa: Marine Battery Market, by Ship Type, 2018-2021 (USD Million)
Table 138 Middle East & Africa: Marine Battery Market, by Ship Type, 2022-2030 (USD Million)
17 Competitive Landscape
17.1 Introduction
17.2 Competitive Overview
Table 139 Key Developments by Leading Players in Marine Battery Market Between 2018 and 2021
17.3 Market Ranking Analysis of Key Players, 2021
Figure 48 Ranking Analysis of Top Five Players: Marine Battery Market, 2021
17.4 Market Share Analysis, 2021
Table 140 Degree of Competition
Figure 49 Market Share of Top Players Marine Battery Market, 2021 (%)
17.5 Revenue Analysis of Top Five Market Players, 2021
Figure 50 Revenue Analysis of Top Five Market Players in Marine Battery Market
17.6 Company Evaluation Quadrant
17.6.1 Stars
17.6.2 Emerging Leaders
17.6.3 Pervasive Players
17.6.4 Participants
Figure 51 Marine Battery Market Competitive Leadership Mapping, 2021
Table 141 Company Product Footprint
Table 142 Company Footprint by Technology
Table 143 Company Footprint by Industry
Table 144 Company Region Footprint
17.7 Startups/Sme Evaluation Quadrant
17.7.1 Progressive Companies
17.7.2 Responsive Companies
17.7.3 Dynamic Companies
17.7.4 Starting Blocks
Figure 52 Marine Battery Market: Startups/Sme Competitive Leadership Mapping, 2021
Table 145 Marine Battery Market: Detailed List of Key Startups/Smes
17.8 Competitive Scenario
17.8.1 Deals
Table 146 Deals, 2018-2022
Table 147 Product Launches, 2018-2022
18 Company Profiles
18.1 Introduction
(Business Overview Products/Solutions/Services Offered, Recent Developments & Analyst's View)*
18.2 Key Players
18.2.1 Siemens
Table 148 Siemens: Business Overview
Figure 53 Siemens: Company Snapshot
Table 149 Siemens Products/Solutions/Services Offered
Table 150 Siemens: Deals
18.2.2 Leclanché Sa
Table 151 Leclanché Sa: Business Overview
Figure 54 Leclanché Sa: Company Snapshot
Table 152 Leclanché Sa: Products/Solutions/Services Offered
Table 153 Leclanché Sa: New Product Developments
Table 154 Leclanché Sa: Deals
18.2.3 Saft
Table 155 Saft: Business Overview
Table 156 Saft: Products/Solutions/Services Offered
Table 157 Saft: New Product Developments
Table 158 Saft: Deals
18.2.4 Corvus Energy
Table 159 Corvus Energy: Business Overview
Table 160 Corvus Energy Products/Solutions/Services Offered
Table 161 Corvus Energy: Deals
18.2.5 Echandia Marine Ab
Table 162 Echandia Marine Ab: Business Overview
Table 163 Echandia Marine Ab: Products/Solutions/Services Offered
Table 164 Deals
18.2.6 Est-Floattech
Table 165 Est-Floattech: Business Overview
Table 166 Est-Floattech: Products/Solutions/Services Offered
Table 167 Est-Floattech: Deals
18.2.7 Shift Clean Energy
Table 168 Shift Clean Energy: Business Overview
Table 169 Shift Clean Energy: Products/Solutions/Services Offered
Table 170 Shift Clean Energy: Deals
18.2.8 Sensata Technologies, Inc.
Table 171 Sensata Technologies, Inc.: Business Overview
Table 172 Sensata Technologies, Inc.: Products/Solutions/Services Offered
Table 173 Sensata Technologies, Inc.: Deals
18.2.9 Powertech Systems
Table 174 Powertech Systems: Business Overview
Table 175 Powertech Systems: Products/Solutions/Services Offered
Table 176 Powertech Systems: Deals
18.2.10 Lifeline Batteries
Table 177 Lifeline Batteries: Business Overview
Table 178 Lifeline Batteries: Products/Solutions/Services Offered
18.2.11 Furukawa Battery Co., Ltd.
Table 179 Furukawa Battery Co., Ltd.: Business Overview
Figure 55 Furukawa Battery Co., Ltd.: Company Snapshot
Table 180 Furukawa Battery Co., Ltd.: Products/Solutions/Services Offered
Table 181 Furukawa Battery Co., Ltd.: Deals
18.2.12 Lithium Werks
Table 182 Lithium Werks: Business Overview
Table 183 Lithium Werks: Products/Solutions/Services Offered
Table 184 Lithium Werks: Deals
18.2.13 Exide Technologies
Table 185 Exide Technologies: Business Overview
Table 186 Exide Technologies: Products/Solutions/Services Offered
18.2.14 Everexceed Industrial Co., Ltd.
Table 187 Everexceed Industrial Co., Ltd.: Business Overview
Table 188 Everexceed Industrial Co., Ltd.: Products/Solutions/Services Offered
18.2.15 Us Battery Mfg. Co.
Table 189 Us Battery Mfg. Co.: Business Overview
Table 190 Us Battery Mfg. Co.: Products/Solutions/Services Offered
18.2.16 Kokam Co., Ltd.
Table 191 Kokam Co., Ltd.: Business Overview
18.2.16.2 Products/Solutions/Services Offered
Table 192 Kokam Co., Ltd.: Products/Solutions/Services Offered
18.2.17 Toshiba Corporation
Table 193 Toshiba Corporation: Business Overview
Table 194 Toshiba Corporation: Products/Solutions/Services Offered
Figure 56 Toshiba Corporation: Company Snapshot
18.2.18 Xalt Energy
Table 195 Xalt Energy: Business Overview
Table 196 Xalt Energy: Products/Solutions/Services Offered
18.2.19 Forsee Power
Table 197 Forsee Power: Business Overview
Table 198 Forsee Power: Products/Solutions/Services Offered
18.2.20 East Penn Manufacturing
Table 199 East Penn Manufacturing: Business Overview
Table 200 East Penn Manufacturing: Products/Solutions/Services Offered
18.2.21 Enersys
Table 201 Enersys: Business Overview
Figure 57 Enersys: Company Snapshot
Table 202 Enersys: Products/Solutions/Services Offered
18.2.22 Korea Special Battery Co., Ltd.
Table 203 Korea Special Battery Co., Ltd.: Business Overview
Table 204 Korea Special Battery Co., Ltd.: Products/Solutions/Services Offered
18.2.23 Ecobat Battery Technologies
Table 205 Ecobat Battery Technologies: Business Overview
Table 206 Ecobat Battery Technologies: Products/Solutions/Services Offered
18.2.24 Sonnenschein
Table 207 Sonnenschein: Business Overview
Table 208 Sonnenschein: Products/Solutions/Services Offered
18.2.25 Optima Batteries
Table 209 Optima Batteries: Business Overview
Table 210 Optima Batteries: Products/Solutions/Services Offered
*Details on Business Overview Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
19 Appendix
19.1 Discussion Guide
19.2 Knowledgestore: The Subscription Portal
19.3 Customization Options
Companies Mentioned
- Corvus Energy
- East Penn Manufacturing
- Echandia Marine Ab
- Ecobat Battery Technologies
- Enersys
- Est-Floattech
- Everexceed Industrial Co., Ltd.
- Exide Technologies
- Forsee Power
- Furukawa Battery Co., Ltd.
- Kokam Co., Ltd.
- Korea Special Battery Co., Ltd.
- Leclanché Sa
- Lifeline Batteries
- Lithium Werks
- Optima Batteries
- Powertech Systems
- Saft
- Sensata Technologies, Inc.
- Shift Clean Energy
- Siemens
- Sonnenschein
- Toshiba Corporation
- Us Battery Mfg. Co.
- Xalt Energy
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 237 |
| Published | February 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 527 Million |
| Forecasted Market Value ( USD | $ 2056 Million |
| Compound Annual Growth Rate | 18.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
