Submarine Battery Market Report: Trends, Forecast and Competitive Analysis to 2030

Submarine Battery Trends and Forecast

The future of the global submarine battery market looks promising with opportunities in the civil and military markets. The global submarine battery market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 3.0% from 2024 to 2030. The major drivers for this market are increasing demand for unmanned underwater vehicles, growing demand for lithium-ion batteries, and rising government expenditure in the defense sector.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Submarine Battery by Segment

The study includes a forecast for the global submarine battery by type, application, and region.

Submarine Battery Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Valve-Regulated Lead Acid Battery
• Flooded Lead Acid Battery
• Others

Submarine Battery Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Civil
• Military
• Others

Submarine Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Submarine Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies submarine battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the submarine battery companies profiled in this report include-

• Kokam
• Champion Storage Battery
• Epsilor
• HBL
• Zibo Torch Energy
• Systems Sunlight
• Korea Special Battery
• GS Yuasa
• Exide Technologies
• Enersys

Submarine Battery Market Insights

Lucintel forecasts that valve-regulated lead-acid battery will remain the larger segment over the forecast period due to their efficacy, dependability, and affordability.

Within this market, military will remain the larger segment over the forecast period.

APAC will remain the largest region over the forecast period due to growing government investment in production of submarine in the region.

Features of the Global Submarine Battery Market

Market Size Estimates: Submarine battery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Submarine battery market size by type, application, and region in terms of value ($B).

Regional Analysis: Submarine battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the submarine battery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the submarine battery market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the submarine battery market size?

Answer: The global submarine battery market is expected to reach an estimated $2.2 billion by 2030.

Q2. What is the growth forecast for submarine battery market?

Answer: The global submarine battery market is expected to grow with a CAGR of 3.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the submarine battery market?

Answer: The major drivers for this market are increasing demand for unmanned underwater vehicles, growing demand for lithium-ion batteries and rising government expenditure in the defense sector.

Q4. What are the major segments for submarine battery market?

Answer: The future of the submarine battery market looks promising with opportunities in the civil and military markets.

Q5. Who are the key submarine battery market companies?

Answer: Some of the key submarine battery companies are as follows:

• Kokam
• Champion Storage Battery
• Epsilor
• HBL
• Zibo Torch Energy
• Systems Sunlight
• Korea Special Battery
• GS Yuasa
• Exide Technologies
• Enersys

Q6. Which submarine battery market segment will be the largest in future?

Answer: Lucintel forecasts that valve-regulated lead-acid battery will remain the larger segment over the forecast period due to their efficacy, dependability, and affordability.

Q7. In submarine battery market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing government investment in production of submarine in the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the submarine battery market by type (valve-regulated lead acid battery, flooded lead acid battery, and others), application (civil, military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?