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PUBLISHER: IMARC | PRODUCT CODE: 1206712
PUBLISHER: IMARC | PRODUCT CODE: 1206712
Submarine Battery Market by Type (Valve-regulated Lead Acid Batteries, Flooded Lead Acid Batteries, and Others), Application (Civil, Military), and Region 2023-2028
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The global submarine battery market size reached US$ 1.04 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.40 Billion by 2028, exhibiting a growth rate (CAGR) of 5.01% during 2023-2028. The burgeoning military and defense industry, rising need for unmanned underwater vehicles (UUVs), and the escalating demand for reliable and robust submarine batteries are some of the key factors driving the market.
A submarine battery is used to operate a submarine when it is submerged underwater and returns to the surface. It is positioned in the flooded bottom of the submarine and relies on the onboard battery charger while the submarine reaches the sea. It is developed without the usage of cobalt, nickel, and other heavy metals to avoid harmful environmental impacts. It is maintenance-free and designed to avoid rusting while providing safety during extreme situations, such as fire and accidents. A submarine battery helps the submarine in staying underwater for extended periods and drive while needing shorter charging times. It also offers high energy density, improved charge and discharge dynamics, and enhanced operational life. It assists in operating the nuclear submarine and resolving problems with the nuclear reactor and generator.
Submarine Battery Market Trends:
- At present, the increasing demand for navy submarines to launch ballistic missiles, perform rescue operations, and serve as the base of nuclear weapons is contributing to the growth of the market. Moreover, there is a rise in the demand for unmanned underwater vehicles (UUVs) for intelligence gathering, mine-hunting, scientific exploration, and ship-hull inspection to provide an accurate picture under the surface. This, along with the thriving military and defense industry, is offering lucrative growth opportunities to industry investors. Besides this, governments of several countries are investing in the military sector to construct nuclear-powered attack submarines, which is strengthening the growth of the market. In addition, the rising demand for lithium-ion batteries to reduce the weight of submarines and provide a high energy-to-weight ratio is propelling the growth of the market. Apart from this, there is an increase in the demand for energy efficient systems and hybrid marine propulsion systems across the globe. This, coupled with the growing demand for reliable and robust batteries that can deliver high currents, is positively influencing the market. Additionally, the increasing utilization of valve-regulated lead acid (VRLA) batteries to provide high surge currents at low temperatures around the world is offering a positive market outlook. The rising employment of VRLA batteries as uninterruptible power supply (UPS), emergency power supply systems, and telecommunications base stations is also supporting the growth of the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each segment of the global submarine battery market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type and application.
Type Insights:
- Valve-regulated Lead Acid Batteries
- Flooded Lead Acid Batteries
- Others
- The report has provided a detailed breakup and analysis of the submarine battery market based on the type. This includes valve-regulated lead acid batteries, flooded lead acid batteries and others. According to the report, valve-regulated lead acid batteries represented the largest segment.
Application Insights:
- Civil
- Military
- A detailed breakup and analysis of the submarine battery market based on the application has also been provided in the report. This includes civil and military. According to the report, military accounted for the largest market share.
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for submarine battery. Some of factors driving the Asia Pacific submarine battery market are rising investments in the production of submarines by governments of various countries, increasing technological advancements, and thriving military and defense industry in the region.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global submarine battery market. Detailed profiles of all major companies have also been provided. Some of the companies include Champion Storage Battery Company Limited, EnerSys, EverExceed Industrial Co. Ltd, Exide Industries Ltd, GS Yuasa Corporation, Kokam Limited Company (Solaredge Technologies, Inc.), Korea Special Battery Co. Ltd., Zibo Torch Energy Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global submarine battery market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global submarine battery market?
- What are the key regional markets?
- Which countries represent the most attractive submarine battery markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global submarine battery market?
- Who are the key players/companies in the global submarine battery market?
Product Code: SR1323A184_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Submarine Battery Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Valve-regulated Lead Acid Batteries
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Flooded Lead Acid Batteries
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Civil
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Military
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Champion Storage Battery Company Limited
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 EnerSys
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 EverExceed Industrial Co. Ltd
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Exide Industries Ltd
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.5 GS Yuasa Corporation
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Kokam Limited Company (Solaredge Technologies, Inc.)
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Korea Special Battery Co. Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Zibo Torch Energy Co. Ltd.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.1 Champion Storage Battery Company Limited
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report
Product Code: SR1323A184_Report
List of Figures
- Figure 1: Global: Submarine Battery Market: Major Drivers and Challenges
- Figure 2: Global: Submarine Battery Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Submarine Battery Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Submarine Battery Market: Breakup by Type (in %), 2022
- Figure 5: Global: Submarine Battery Market: Breakup by Application (in %), 2022
- Figure 6: Global: Submarine Battery Market: Breakup by Region (in %), 2022
- Figure 7: Global: Submarine Battery (Valve-regulated Lead Acid Batteries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Submarine Battery (Valve-regulated Lead Acid Batteries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Submarine Battery (Flooded Lead Acid Batteries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Submarine Battery (Flooded Lead Acid Batteries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Submarine Battery (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Submarine Battery (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Submarine Battery (Civil) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Submarine Battery (Civil) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Submarine Battery (Military) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Submarine Battery (Military) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: North America: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: North America: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: United States: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: United States: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Canada: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Canada: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Asia-Pacific: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Asia-Pacific: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: China: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: China: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Japan: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Japan: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: India: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: India: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: South Korea: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: South Korea: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Australia: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Australia: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Indonesia: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Indonesia: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Others: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Others: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Europe: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Europe: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Germany: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Germany: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: France: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: France: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: United Kingdom: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: United Kingdom: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Italy: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Italy: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Spain: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Spain: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Russia: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Russia: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Others: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Others: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Latin America: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Latin America: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Brazil: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Brazil: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Mexico: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Mexico: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Others: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Others: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Middle East and Africa: Submarine Battery Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Middle East and Africa: Submarine Battery Market: Breakup by Country (in %), 2022
- Figure 65: Middle East and Africa: Submarine Battery Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Global: Submarine Battery Industry: Drivers, Restraints, and Opportunities
- Figure 67: Global: Submarine Battery Industry: Value Chain Analysis
- Figure 68: Global: Submarine Battery Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Submarine Battery Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Submarine Battery Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Submarine Battery Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Submarine Battery Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Submarine Battery Market: Competitive Structure
- Table 6: Global: Submarine Battery Market: Key Players
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