Marine Battery Market to Hit USD 2.07 Billion in 2030 at a Growth rate of 18.5% as per Stellar Market Research study

Marine Battery Market to Hit USD 2.07 Billion in 2030 at a Growth rate of 18.5% as per Stellar Market Research study

Stellar Market Research, a business research firm has published a report on the "Marine Battery Market". The total market size of the Marine Battery Market was USD 0.63 Billion in 2023 and is expected to grow at 18.5% CAGR through the forecast period by reaching nearly USD 2.07 Billion in 2030.

Marine Battery Market Report Scope and Research Methodology

Market Size in 2023: USD 0.63 Billion
Market Size in 2030: USD 2.07 Billion
CAGR: 18.5%
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 225
No. of Tables: 51
No. of Charts and Figures: 37
Segment Covered: By Battery Type Nominal Capacity, Battery design, Ship Type, Application and Region
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, and South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Competitive Analysis, SMR Competition Matrix, Key Players Benchmarking, Competitive Leadership Mapping, Global Key Players Market Ranking Analysis

Marine Battery Market Overview:

The Marine Battery Market is expanding due to increasing global trade, the rise of hybrid and electric marine vessels, and advancements in battery technology. Marine batteries, designed for harsh conditions, come in starting and deep-cycle types, replacing traditional automotive batteries. The market growth is fueled by the demand for high-energy-density batteries, improved efficiency, and the adoption of alternative propulsion methods. Challenges include the limited range of electric ships and battery maintenance issues. Future trends include renewable energy for charging, hybrid power systems, and sodium-ion batteries. Market leaders are focusing on eco-friendly solutions to address maritime emissions and sustainability.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.stellarmr.com/report/req_sample/marine-battery-market/2369

Marine Battery Market Dynamics:

The marine battery market is experiencing rapid growth, driven by rising demand for electric and hybrid vessels. Highlights include Electric Fuel's introduction of 48V high-energy Li-ion marine batteries at METSTRADE 2021 and Siemens' report that 39 out of 52 Danish ferries can transition to battery-electric propulsion, aligning with Denmark's 2050 fossil-fuel-free goal. This shift could save USD 12 million annually in operating costs and eliminate 19,000 tonnes of fuel use, despite a conversion cost of USD 1.4 million per ferry. Notably, Leclanché SA's battery systems for Stena RoRo and Brittany Ferries, with 11.3 MWh capacity, underscore the trend. The market's growth is supported by government incentives and lower operation costs of electric vessels compared to diesel ones.

Marine Battery Market Segmentation Analysis:

By Battery Type

• Lithium
• Lead-acid
• Nickel Cadmium
• Sodium-ion
• Fuel-Cell
By Nominal Capacity

• 250 AH
By Battery Design

• Solid State
• Flow Battery
By Ship Type

• Commercial
• Defense
By Application

• Commercial
• Defense

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! @ https://www.stellarmr.com/report/req_sample/marine-battery-market/2369

Key Players in the Marine Battery Market

North America
1. Shift Clean Energy (Canada)
2. Sensata Technologies Inc. (US)
3. Lifeline Batteries (US)
4. Lithium Werks (US)
5. East Penn Manufacturing Co. (US)
6. EnerSys (US)
7. Staab Battery Mfg. Co., Inc. (US)
Europe
1. Corvus Energy (Norway)
2. Leclanché S.A. (Switzerland)
3. Siemens AG (Germany)
4. Saft Groupe S.A. (France)
5. Echandia Marine AB (Sweden)
6. EST Floattech (Netherlands)
7. Powertech Systems (France)
8. Manbat Ltd (UK)
9. Shield Batteries Limited (UK)
10. Systems Sunlight SA (Greece)
11. Akasol AG (Germany)
12. Johnson Controls International (Ireland)
13. Wärtsilä Oyj Abp (Finland)
Asia-Pacific
1. Furukawa Battery Solutions Co. Ltd. (Japan)
2. Kokam Co. Ltd. (South Korea)
3. EverExceed Industrial Co. Ltd. (China)
4. Exide Industries Ltd. (India)
5. G.S. Yuasa Corporation (Japan)
6. HBL Power Systems Ltd. (India)
7. Korea Special Battery (South Korea)
8. Zibo Torch Energy (China)
9. Toshiba Corporation (Japan)

Key questions answered in the Marine Battery Market report are:

• What is Marine Battery?
• Which market segment held the largest share of the global Marine Battery Market in 2023?
• What are the global trends in the Marine Battery Market?
• What is the market size of the Marine Battery Market by 2030?
• What segments are covered in the Marine Battery Market report?

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭: https://www.stellarmr.com/report/marine-battery-market/2369

Key Offerings:

• Historical Market Size and Competitive Landscape
• Market Size, Share, Size & Forecast by Different Segments| 2023-2030
• Marine Battery Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends
• Marine Battery Market Segmentation- Battery Type, Nominal Capacity, Battery Design, Ship Type, Applications
• Competitive Landscape- Profiles of selected key players by region in a strategic perspective
 Competitive landscape - Market Leaders, Market Followers, Regional player
 Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis

Stellar Market Research is leading Chemical and Materials Research Firm, has also published the following reports:

Lithium Iron Phosphate Batteries Market https://www.stellarmr.com/report/Lithium-Iron-Phosphate-Batteries-Market/2130

UPS Battery Market https://www.stellarmr.com/report/UPS-Battery-Market/144

Contact Stellar Market Research:

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Kothrud, Pinnac Memories Fl. No. 32,

Kothrud, Pune,

Maharashtra, 41729

sales@stellarmr.com

+91 96073265656

Stellar Market Research is a consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage. Its strong emphasis on symptomatic science and analysis of a market, buyer behavior, Battery Type usage, pricing pattern, and industry facet equips a strategy maker with an arsenal of data that will enable their organization to maintain its stronghold or plan strategies and take actions that will result in remarkable growth and increase their market position.

This release was published on openPR.