PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402667
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402667
Submarine Battery Market, By Battery Type (Lithium Ion Battery, Lead Acid Battery, Others), By Application (Military, Civilian), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The global submarine battery market generated a revenue of US$ 1,100 Mn in 2023 and is expected to reach US$ 1,643.1 Mn by 2030, exhibiting a CAGR of 5.9% over the forecast period (2023-2030).
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 1,100 Mn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 5.90% | 2030 Value Projection: | US$ 1,643.1 Mn |
A submarine is a watercraft, which is used for various commercial and military applications. In submarines, a battery plays a major role in its smooth running. Submarines require high electric power to operate the equipment on board. For power supply, submarines are equipped with a diesel engine that burns fuel or nuclear reactors that use nuclear fusion, which helps charge their batteries.
Market Dynamics:
In recent years, the global market for submarine batteries has experienced rapid expansion and changing market dynamics. One of the main drivers of this market's expansion is the rising need for submarines in both the defense and commercial sectors. Among other uses, submarines are essential for naval operations, undersea research, and offshore oil and gas extraction. The demand for dependable and effective power solutions, such submarine batteries, has increased as a result.
The dynamics of the market have been significantly shaped by improvements in battery technology. Modern lithium-ion batteries, which offer a higher energy density, a longer operating life, and superior performance in demanding maritime settings, are increasingly replacing conventional lead-acid batteries.
Key features of the study:
This report provides an in-depth analysis of the global submarine battery market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2023 - 2030), considering 2022 as the base year.
It elucidates potential revenue opportunities 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 market players.
It profiles leading market 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 decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics.
The global submarine battery market report caters to various stakeholders 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.
Global Submarine Battery Market Detailed Segmentation:
- By Battery Type
- Lithium-ion Battery
- Lead Acid Battery
- Others
- By Application
- Military
- Civilian
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- EnerSys
- EverExceed Corporation
- Exide Industries
- Exide Technologies
- GS Yuasa Corporation
- HBL Power Systems Limited
- Korea Special Battery Co., Ltd.
- Sunlight Systems S.A
- Zibo Torch Energy Co., Ltd.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Battery Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- The adoption of lithium-ion batteries along with the integration of submarine diesel engines
- Rising government investments for the production of submarines
- Restraints
- Presence of liquid electrolytes in the battery has a threat of explosion
- Concerns regarding the recycling of lead-acid batteries
- Opportunities
- Investments in Navy in developing countries
- Advancements in durable batteries
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Submarine Battery Market, By Battery Type, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Segment Trends
- Lithium-ion Battery
- Introduction
- Market Size and Forecast, 2018-2030, (US$ Mn)
- Lead Acid Battery
- Introduction
- Market Size and Forecast, 2018-2030, (US$ Mn)
5. Global Submarine Battery Market, By Application, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Military
- Introduction
- Market Size and Forecast, 2018-2030, (US$ Mn)
- Civilian
- Introduction
- Market Size and Forecast,2018-2030, (US$ Mn)
6. Global Submarine Battery Market, By Region, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2018-2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Battery Type, 2018 - 2030 (US$ Million)
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- Market Share Analysis, By Country, 2023 and 2030 (%)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, By Battery Type, 2018 - 2030 (US$ Million)
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Germany
- U.K.
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Battery Type, 2018 - 2030 (US$ Million)
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- Market Share Analysis, By Country, 2023 and 2030 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, By Battery Type, 2018 - 2030 (US$ Million)
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, By Battery Type, 2018 - 2030 (US$ Million)
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- Market Share Analysis, By Country, 2023 and 2030 (%)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Battery Type, 2018 - 2030 (US$ Million)
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Northern Africa
- Central Africa
- South Africa
7. Competitive Landscape
- EnerSys
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- EverExceed Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Exide Technologies
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- HBL Power Systems Limited
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Sunlight Systems S.A
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Zibo Torch Energy Co., Ltd
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Exide Industries
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- GS Yuasa Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Korea Special Battery Co., Ltd
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Analyst Views
8. Section
- Research Methodology
- References
- About us
