Product Code: PM2277
The global marine battery market size is expected to reach USD 1,563.5 million by 2030, according to a new study by Polaris Market Research. The report "Marine Battery Market Share, Size, Trends, Industry Analysis Report, By Type (Lithium-Ion, Nickel Cadmium, Sodium, Fuel Cell, Flooded, Gel, Lead-acid); By Application (Commercial, Defense, Unmanned); By Design (Solid-State Batteries, Flow Batteries); By Function; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global sea cell industry is being driven by the growing maritime tourism, the adoption of the I.M.O. sulfur 2020 rule, and the increase of seaborne trade. The Indian Ministry of Commerce and Industry has formed the Marine Products Export Development Authority as a statutory entity to encourage sea products from India.
From 2020 to 21, this statutory organization benefited India by exporting 11,49,341 MT of seafood worth USD 5.96 billion. As a result, the demand for sea batteries is expected to rise over the forecast period. Furthermore, greater usage of renewable energy for charging is one of the main prospective opportunities for producers and key participants in the global sea industry. In addition, as hybrid propulsion innovation improves, the sea business will have greater chances.
Based on the type, the lithium-ion segment accounted for the leading share in the industry in 2021. Lithium-ion sea batteries are highly effective, lighter, and last 10 times longer than lead-acid batteries. Lithium batteries are an excellent choice for maritime applications since they offer these benefits. With the continued growth of commercial vessels across the industry, the demand for powered vessels is also growing. A rechargeable batteries ship contributes towards more ecologically friendly maritime operations and greater efficiency and reliability.
Industry players such as EnerSys, East Penn Manufacturing Co., EverExceed Industrial Co. Ltd., Exide Industries Limited, G.S.G.S. Yuasa, Exide Technologies, H.B.L. Power Systems Limited, Korea Special Battery, Saft Groupe SA, Manbat Ltd, Shield Batteries Limited, Systems Sunlight S.A., Staab Battery Mfg. Co., Inc. and Zibo Torch Energy are some key players operating in the global industry.
In February 2021, Wartsila, a technology company, formed a strategic relationship with SAACKE. The arrangement enhanced the company's ability to provide shipyards and ship owners with a complete variety of cutting-edge technology solutions. Partnership on safety is a major element of the agreement, specifically with Inert Gas Systems (IGS) and Gas Combustion Units (GCU). Due to the agreement, both partners have offered larger and more comprehensive supply scopes. Thus, the agreement between significant players boosts market growth during the forecast period.
Polaris Market Research has segmented the marine battery market report based on type, application, design, function, and region:
Marine Battery, Type Outlook (Revenue - USD Million, 2018 - 2030)
Lithium-Ion
Nickel Cadmium
Sodium
Fuel Cell
Flooded
Gel
Lead-acid
Marine Battery, Application Outlook (Revenue - USD Million, 2018 - 2030)
Commercial
Defense
Unmanned
Marine Battery, Design Outlook (Revenue - USD Million, 2018 - 2030)
Solid-State Batteries
Flow Batteries
Marine Battery, Function Outlook (Revenue - USD Million, 2018 - 2030)
Starting Batteries
Deep-Cycle Batteries
Dual-Purpose Batteries
Marine Battery, Regional Outlook (Revenue - USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Netherlands
Spain
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Marine Battery Market Insights
- 4.1. Marine Battery - Industry Snapshot
- 4.2. Marine Battery Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for electric and hybrid passenger vessels
- 4.2.1.2. Hybrid propulsion technology for large ships
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Limited range and capacity of fully electric ships
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Marine Battery Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Marine Battery Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 5.3. Lithium-Ion
- 5.3.1. Global Marine Battery Market, by Lithium-Ion, by Region, 2018 - 2030 (USD Million)
- 5.4. Nickel Cadmium
- 5.4.1. Global Marine Battery Market, by Nickel Cadmium, by Region, 2018 - 2030 (USD Million)
- 5.5. Sodium
- 5.5.1. Global Marine Battery Market, by Sodium, by Region, 2018 - 2030 (USD Million)
- 5.6. Fuel Cell
- 5.6.1. Global Marine Battery Market, by Fuel Cell, by Region, 2018 - 2030 (USD Million)
- 5.7. Flooded
- 5.7.1. Global Marine Battery Market, by Flooded, by Region, 2018 - 2030 (USD Million)
- 5.8. Gel
- 5.8.1. Global Marine Battery Market, by Gel, by Region, 2018 - 2030 (USD Million)
- 5.9. Lead-acid
- 5.9.1. Global Marine Battery Market, by Lead-acid, by Region, 2018 - 2030 (USD Million)
6. Global Marine Battery Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 6.3. Commercial
- 6.3.1. Global Marine Battery Market, by Commercial, by Region, 2018 - 2030 (USD Million)
- 6.4. Defense
- 6.4.1. Global Marine Battery Market, by Defense, by Region, 2018 - 2030 (USD Million)
- 6.5. Unmanned
- 6.5.1. Global Marine Battery Market, by Unmanned, by Region, 2018 - 2030 (USD Million)
7. Global Marine Battery Market, by Design
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 7.3. Solid-State Batteries
- 7.3.1. Global Marine Battery Market, by Solid-State Batteries, by Region, 2018 - 2030 (USD Million)
- 7.4. Flow Batteries
- 7.4.1. Global Marine Battery Market, by Flow Batteries, by Region, 2018 - 2030 (USD Million)
8. Global Marine Battery Market, by Function
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 8.3. Starting Batteries
- 8.3.1. Global Marine Battery Market, by Starting Batteries, by Region, 2018 - 2030 (USD Million)
- 8.4. Deep-Cycle Batteries
- 8.4.1. Global Marine Battery Market, by Deep-Cycle Batteries, by Region, 2018 - 2030 (USD Million)
- 8.5. Dual-Purpose Batteries
- 8.5.1. Global Marine Battery Market, by Dual-Purpose Batteries, by Region, 2018 - 2030 (USD Million)
9. Global Marine Battery Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Marine Battery Market Assessment, By Geography, 2018 - 2030 (USD Million)
- 9.3. Marine Battery Market - North America
- 9.3.1. North America: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.3.2. North America: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.3.3. North America: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.3.4. North America: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.3.5. Marine Battery Market - U.S.
- 9.3.5.1. U.S.: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.3.5.2. U.S.: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.3.5.3. U.S.: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.3.5.4. U.S.: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.3.6. Marine Battery Market - Canada
- 9.3.6.1. Canada: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.3.6.2. Canada: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.3.6.3. Canada: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.3.6.4. Canada: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.4. Marine Battery Market - Europe
- 9.4.1. Europe: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.4.2. Europe: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.4.3. Europe: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.4.4. Europe: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.4.5. Marine Battery Market - UK
- 9.4.5.1. UK: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.4.5.2. UK: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.4.5.3. UK: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.4.5.4. UK: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.4.6. Marine Battery Market - France
- 9.4.6.1. France: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.4.6.2. France: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.4.6.3. France: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.4.6.4. France: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.4.7. Marine Battery Market - Germany
- 9.4.7.1. Germany: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.4.7.2. Germany: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.4.7.3. Germany: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.4.7.4. Germany: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.4.8. Marine Battery Market - Italy
- 9.4.8.1. Italy: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.4.8.2. Italy: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.4.8.3. Italy: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.4.8.4. Italy: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.4.9. Marine Battery Market - Spain
- 9.4.9.1. Spain: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.4.9.2. Spain: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.4.9.3. Spain: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.4.9.4. Spain: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.4.10. Marine Battery Market - Netherlands
- 9.4.10.1. Netherlands: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.4.10.2. Netherlands: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.4.10.3. Netherlands: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.4.10.4. Netherlands: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.4.11. Marine Battery Market - Austria
- 9.4.11.1. Austria: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.4.11.2. Austria.: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.4.11.3. Austria: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.4.11.4. Austria: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.5. Marine Battery Market - Asia Pacific
- 9.5.1. Asia Pacific: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.5.2. Asia Pacific: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.5.3. Asia Pacific: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.5.4. Asia Pacific: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.5.5. Marine Battery Market - China
- 9.5.5.1. China: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.5.5.2. China.: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.5.5.3. China: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.5.5.4. China: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.5.6. Marine Battery Market - India
- 9.5.6.1. India: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.5.6.2. India.: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.5.6.3. India: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.5.6.4. India: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.5.7. Marine Battery Market - Japan
- 9.5.7.1. Japan: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.5.7.2. Japan.: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.5.7.3. Japan: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.5.7.4. Japan: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.5.8. Marine Battery Market - Malaysia
- 9.5.8.1. Malaysia: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.5.8.2. Malaysia.: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.5.8.3. Malaysia: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.5.8.4. Malaysia: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.5.9. Marine Battery Market - Indonesia
- 9.5.9.1. Indonesia: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.5.9.2. Indonesia.: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.5.9.3. Indonesia: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.5.9.4. Indonesia: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.5.10. Marine Battery Market - South Korea
- 9.5.10.1. South Korea: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.5.10.2. South Korea.: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.5.10.3. South Korea: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.5.10.4. South Korea: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.6. Marine Battery Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.6.2. Middle East & Africa: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.6.3. Middle East & Africa: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.6.4. Middle East & Africa: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.6.5. Marine Battery Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.6.5.2. Saudi Arabia: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.6.5.3. Saudi Arabia: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.6.5.4. Saudi Arabia: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.6.6. Marine Battery Market - South Africa
- 9.6.6.1. South Africa: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.6.6.2. South Africa: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.6.6.3. South Africa: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.6.6.4. South Africa: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.6.7. Marine Battery Market - Israel
- 9.6.7.1. Israel: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.6.7.2. Israel: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.6.7.3. Israel: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.6.7.4. Israel: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.6.8. Marine Battery Market - UAE
- 9.6.8.1. UAE: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.6.8.2. UAE: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.6.8.3. UAE: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.6.8.4. UAE: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.7. Marine Battery Market - Latin America
- 9.7.1. Latin America: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.7.2. Latin America: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.7.3. Latin America: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.7.4. Latin America: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.7.5. Marine Battery Market - Mexico
- 9.7.5.1. Mexico: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.7.5.2. Mexico: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.7.5.3. Mexico: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.7.5.4. Mexico: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.7.6. Marine Battery Market - Brazil
- 9.7.6.1. Brazil: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.7.6.2. Brazil: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.7.6.3. Brazil: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.7.6.4. Brazil: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
- 9.7.7. Marine Battery Market - Argentina
- 9.7.7.1. Argentina: Marine Battery Market, by Type, 2018 - 2030 (USD Million)
- 9.7.7.2. Argentina: Marine Battery Market, by Function, 2018 - 2030 (USD Million)
- 9.7.7.3. Argentina: Marine Battery Market, by Application, 2018 - 2030 (USD Million)
- 9.7.7.4. Argentina: Marine Battery Market, by Design, 2018 - 2030 (USD Million)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. East Penn Manufacturing Co.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. EnerSys
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. EverExceed Industrial Co. Ltd.
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Exide Industries Limited
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Exide Technologies
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. G.S.G.S. Yuasa
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. H.B.L. Power Systems Limited
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Korea Special Battery
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Manbat Ltd.
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Saft Groupe SA
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Shield Batteries Limited
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Staab Battery Mfg. Co., Inc
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. Systems Sunlight S.A
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Zibo Torch Energy
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development