Marine Battery Market by Battery, Operation, Ship Type, Nominal Capacity, Propulsion Type, Sales Channel

List of Tables

The Global Marine Battery Market is forecasted to grow significantly, with a projected USD 559.63 million in 2023 at a CAGR of 13.05% and expected to reach a staggering USD 1,347.03 million by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Marine Battery Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Marine Battery Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Battery, market is studied across Fuel Cell, Lead-Acid, and Lithium. The Lithium commanded largest market share of 38.89% in 2022, followed by Lead-Acid.

Based on Operation, market is studied across Deep-Cycle Batteries, Dual-Purpose Batteries, and Starting Batteries. The Deep-Cycle Batteries commanded largest market share of 42.66% in 2022, followed by Dual-Purpose Batteries.

Based on Ship Type, market is studied across Commercial and Defense. The Commercial commanded largest market share of 61.13% in 2022, followed by Defense.

Based on Nominal Capacity, market is studied across 100-250 AH, <100 AH, and >250 AH. The >250 AH commanded largest market share of 36.18% in 2022, followed by 100-250 AH. Based on Propulsion Type, market is studied across Conventional, Fully Electric, and Hybrid. The Conventional commanded largest market share of 51.43% in 2022, followed by Hybrid. Based on Sales Channel, market is studied across Aftermarket and OEM. The OEM commanded largest market share of 65.24% in 2022, followed by Aftermarket.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.88% in 2022, followed by Americas.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Marine Battery Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Marine Battery Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Marine Battery Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Marine Battery Market?
4. What is the competitive strategic window for opportunities in the Global Marine Battery Market?
5. What are the technology trends and regulatory frameworks in the Global Marine Battery Market?
6. What is the market share of the leading vendors in the Global Marine Battery Market?
7. What modes and strategic moves are considered suitable for entering the Global Marine Battery Market?

Product Code: MRR-374DB5A07911

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Marine Battery Market, by Battery, 2022 vs 2030
4.3. Marine Battery Market, by Operation, 2022 vs 2030
4.4. Marine Battery Market, by Ship Type, 2022 vs 2030
4.5. Marine Battery Market, by Nominal Capacity, 2022 vs 2030
4.6. Marine Battery Market, by Propulsion Type, 2022 vs 2030
4.7. Marine Battery Market, by Sales Channel, 2022 vs 2030
4.8. Marine Battery Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising usage of marine passenger vessels coupled with increase in maritime trade
  - 5.1.1.2. Growing demand for lithium batteries in automated marine vehicles
  - 5.1.1.3. Acceleration of marine freight transportation for industrial and consumer goods
- 5.1.2. Restraints
  - 5.1.2.1. Constraints associated with high cost of marine batteries
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in the marine batteries and surging demand for hybrid propulsion technology
  - 5.1.3.2. Favorable investment landscape for development of marine batteries
- 5.1.4. Challenges
  - 5.1.4.1. Concerns regarding battery power for marine applications
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Marine Battery Market, by Battery

6.1. Introduction
6.2. Fuel Cell
6.3. Lead-Acid
6.4. Lithium

7. Marine Battery Market, by Operation

7.1. Introduction
7.2. Deep-Cycle Batteries
7.3. Dual-Purpose Batteries
7.4. Starting Batteries

8. Marine Battery Market, by Ship Type

8.1. Introduction
8.2. Commercial
8.3. Defense

9. Marine Battery Market, by Nominal Capacity

9.1. Introduction
9.2. 100-250 AH
9.3. <100 AH
9.4. >250 AH

10. Marine Battery Market, by Propulsion Type

10.1. Introduction
10.2. Conventional
10.3. Fully Electric
10.4. Hybrid

11. Marine Battery Market, by Sales Channel

11.1. Introduction
11.2. Aftermarket
11.3. OEM

12. Americas Marine Battery Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Marine Battery Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Marine Battery Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
- 15.3.1. Merger & Acquisition
  - 15.3.1.1. Reliance to buy assets of battery firm Lithium Werks for $61 million
- 15.3.2. Agreement, Collaboration, & Partnership
  - 15.3.2.1. eD-TEC signs battery supply agreement with Austrian firm
  - 15.3.2.2. AYK Energy scoops battery deal for FPS container vessel
  - 15.3.2.3. PENDLETON PARTNERSHIP HAS BATTERY DISPOSAL DOWN PAT
  - 15.3.2.4. Battery maker AYK Energy and Western Baltic Engineering strike partnership to electrify inland waterway transport
  - 15.3.2.5. Polestar to supply batteries to electric hydrofoil boat company Candela
  - 15.3.2.6. SNPW Subsidiary Sun Pacific Power Corp Structures Agreement with Marine Electric Systems to Handle Battery Service and Repair for FoxESS and New Technology Development
  - 15.3.2.7. X Shore and Kreisel Electric announce €50 million partnership
- 15.3.3. New Product Launch & Enhancement
  - 15.3.3.1. Vision Marine and Octillion to develop batteries for recreational boating market
- 15.3.4. Investment & Funding
  - 15.3.4.1. Caterpillar Announces Investment in Lithos Energy Inc to Further Battery Pack Development and Manufacturing
  - 15.3.4.2. X Shore secures $50 million in funding to ramp up electric boat production in Sweden and expand R&D

16. List of Company Mentioned

17. Appendix

17.1. Discussion Guide
17.2. License & Pricing

1. Abyss Battery, Inc.

2. Advanced Battery Systems Inc.

3. Aegis Energies Inc.

4. Akasol AG

5. AllBoat Services Ltd

6. Allied Lithium

7. Alpha Batteries Limited

8. Batterie Per Nautica

9. Batteryworx NZ Ltd

10. Battrixx

11. Baybat Batteries

12. BorgWarner Inc.

13. Canadian Tire Corporation, Limited

14. Century Yuasa Batteries Ltd

15. Clarios

16. Contemporary Amperex Technology Co., Limited

17. Conway Angling Crafts

18. Corus Energy

19. Cspower Battery Tech Co., Ltd

20. East Coast Marine Battery

21. Echandia Marine AB

22. Eco-Bat Technologies Limited

23. Enerpower S.r.l.

24. EnerSys

25. Ensign Marine & Industrial Ltd.

26. EST Floattech

27. Exide Industries Ltd.

28. Fello Tech Co., Ltd

29. Furukawa Battery Solutions Co. Ltd.

30. HBL Power System Ltd.

31. Johnson Control International

32. Leclanche SA

33. Marine Battery Co.

34. NauticExpo

35. Plymouth Battery Centre

36. Positive Imports Ltd

37. Power-Sonic Corporation

38. Powerland Industries Ltd

39. Pro Marine Store Ltd

40. Saft Groupe S.A.

41. Sensata Technologies Inc.

42. Shift Clean Energy

43. ShipServ Limited

44. Siemens AG

45. Supercharge Batteries

46. Systems Sunlight SA

47. Tayna Ltd

48. Tianjin Lishen Battery Co., Ltd.

49. Toshiba Corporation

50. U.S. Battery Mfg., Co.