Submarine Battery Market Report - Size, Share, trends, and Forecast, 2022 - 2028

A submarine is a watercraft, which is used for various commercial and military applications. In submarines, a battery plays a major role in smooth running of the submarine. Submarine requires high electric power to operate the equipment on board. For power supply, the submarines are equipped with diesel engine that burns fuel or nuclear reactors that use nuclear fusion, which helps to charge the batteries of submarines.

Market Dynamics

The adoption of lithium ion batteries with integration of submarine diesel engines is one of the key factors for growth of the submarine batteries market. This is due to various advantages such as lighter weight as compared to lead acid battery, output even at low charging, quick charging feature, and longer lifespan. This has led to high demand for lithium ion batteries for submarines. In addition to this, rising government investment for the production of submarines is also a key driving factor for growth of the global submarine market. For instance, in 2016, the U.K. government announced investment of US$ 1.72 billion (£1.3 billion) to BAE Systems for the development of new nuclear submarines. Similarly, in 2021, the government of India announced start of a process of submarine program with an investment of US$ 8.73 billion (INR 60,000 Crore). These factors are expected to aid in growth of the market over the forecast period.

Key features of the study:

This report provides in-depth analysis of submarine battery market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.

It profiles leading players in the global submarine battery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, Submarine Battery market capital, key developments, strategies, and future plans.

Companies covered as part of this study include EnerSys, EverExceed Corporation, Exide Industries, Exide Technologies, GS Yuasa Corporation, HBL Power Systems Limited, Korea Special Battery Co., Ltd., Sunlight Systems S.A, and Zibo Torch Energy Co., Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics.

The global submarine battery market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts.

Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global submarine battery market.

Detailed Segmentation:

Global Submarine Battery Market, By Battery Type:

Lithium-ion Battery

Lead Acid Battery

Others

Global Submarine Battery Market, By Application:

Military

Civilian

Global Submarine Battery Market, By Geography:

North America

By Battery Type:

Lithium-ion Battery

Lead Acid Battery

Others

By Application:

Military

Civilian

By Country:

U.S.

Canada

Europe

By Battery Type:

Lithium-ion Battery

Lead Acid Battery

Others

By Application:

Military

Civilian

By Country:

Germany

UK

France

Italy

Spain

Russia

Rest of Europe

Asia Pacific

By Battery Type:

Lithium-ion Battery

Lead Acid Battery

Others

By Application:

Military

Civilian

By Country:

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Latin America

By Battery Type:

Lithium-ion Battery

Lead Acid Battery

Others

By Application:

Military

Civilian

By Country:

Brazil

Mexico

Rest of Latin America

Middle East

By Battery Type:

Lithium-ion Battery

Lead Acid Battery

Others

By Application:

Military

Civilian

By Country:

GCC Countries

Israel

Rest of Middle East

Africa

By Battery Type:

Lithium-ion Battery

Lead Acid Battery

Others

By Application:

Military

Civilian

By Country:

Northern Africa

Central Africa

South Africa

Company Profiles

EnerSys

Company Overview

Product Portfolio

Financial Performance

Recent Developments/ Updates

EverExceed Corporation

Company Overview

Product Portfolio

Financial Performance

Recent Developments/ Updates

Exide Industries

Company Overview

Product Portfolio

Financial Performance

Recent Developments/ Updates

Exide Technologies

Company Overview

Product Portfolio

Financial Performance

Recent Developments/ Updates

GS Yuasa Corporation

Company Overview

Product Portfolio

Financial Performance

Recent Developments/ Updates

HBL Power Systems Limited

Company Overview

Product Portfolio

Financial Performance

Recent Developments/ Updates

Korea Special Battery Co., Ltd.

Company Overview

Product Portfolio

Financial Performance

Recent Developments/ Updates

Sunlight Systems S.A

Company Overview

Product Portfolio

Financial Performance

Recent Developments/ Updates

Zibo Torch Energy Co., Ltd.

Company Overview

Product Portfolio

Financial Performance

Recent Developments/ Updates