Marine Battery Market by Battery Type (Lithium, Nickel Cadmium, Fuel Cell, Lead-acid), Propulsion Type (Fully Electric, Hybrid, Conventional), Ship Type, Sales Channel, Nominal Capacity, Battery Design, Battery Function, and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) and Forecast
The global Marine Battery Market size is projected to reach a CAGR of 18.7% from 2023-2030.
Get Free Sample Report: https://www.delvens.com/get-free-sample/marine-battery-market
The marine battery acts as a primary or auxiliary power source for the vessels and utilizes chemical energy to provide power for various applications such as start–stop, lighting, windlass, depth finders, and fish locators. Marine batteries have robust construction and are equipped with heavier plates. These batteries are designed specifically for use on ships or vessels to sustain the vibration and pounding that can occur onboard any boat.
Recent Developments
· In February 2021, Wärtsilä signed a strategic partnership agreement with SAACKE, a Germany-based global supplier of a marine firing plants for seagoing vessels, offshore plants, and LNG tankers.
· In November 2020, Wärtsilä won the contract to supply the engines and a range of its electric solutions for two new ferries under construction at the China Merchants Jinling Shipyard (Weihai) in China.
The prominent players in Marine Battery Market are
· Akasol AG
· EnerSys
· Toshiba Corporation
· Siemens
· Leclanché SA
· Saft
· Echandia AB
· EverExceed Industrial Co
· Lifeline Batteries Inc.
· Spear Power Systems and More
Factors such as an increase in demand for marine freight transportation vessels, the advantage of lithium-ion batteries over lead-acid batteries, and an increase in water sports & leisure activities are expected to drive the growth of the marine battery market. Furthermore, an increase in automation in marine transportation and a rise in the adoption of hybrid and fully electric vessels are projected to offer lucrative growth opportunities for the market players.
On the other hand, the limited range and capacity of fully electric ships and the maintenance and protection of batteries restrain the market growth.
For More Inquiry Contact us: https://www.delvens.com/Inquire-before-buying/marine-battery-market
With a growing focus on reducing carbon emissions and adopting sustainable energy sources, there is an increasing demand for electric and hybrid vessels in the marine industry. This trend is driving the demand for marine batteries that can provide reliable and efficient power.
Further, the marine battery market is benefiting from advancements in battery technology, such as the development of lithium-ion batteries, which are more efficient and have a longer lifespan compared to traditional lead-acid batteries. In addition to that, offshore wind power generation requires reliable and efficient energy storage solutions which created the demand for marine batteries. All these advancements and requirements continuously grow marine batteries in the next coming years.
Key Findings
· The marine battery acts as a primary or auxiliary power source for the vessels and utilizes chemical energy to provide power for various applications such as start–stop, lighting, windlass, depth finders, and fish locators. Marine batteries have robust construction and are equipped with heavier plates. These batteries are designed specifically for use on ships or vessels to sustain the vibration and pounding that can occur onboard any boat.
· Factors such as an increase in demand for marine freight transportation vessels, the advantage of lithium-ion batteries over lead-acid batteries, and an increase in water sports & leisure activities are expected to drive the growth of the marine battery market. Furthermore, the increase in automation in marine transportation and the rise in the adoption of hybrid and fully electric vessels are projected to offer lucrative growth opportunities for the market players.
· The battery type segment is further segregated into Lithium, Nickel Cadmium, Fuel Cell, and Lead-acid. The Lithium battery segment is expected to grow at the highest CAGR during the forecast period. These batteries have a high energy density, longer lifespan, and can be charged quickly, which is important for marine applications where downtime needs to be minimized leading to drive demand for this segment.
· The propulsion type segment is further subdivided into Fully Electric, Hybrid, and Conventional. The fully electric segment is expected to dominate all other segments in terms of revenue generation over the forecast period. This help to reduce emissions and provide a more sustainable and environmentally-friendly solution for the marine industry, systems offer improved performance compared to traditional diesel engines, including faster acceleration, smoother operation, and quieter operation that drives the demand for this segment.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Europe is projected to be the largest regional share of the Marine Battery Market during the forecast period. The key factor responsible for Europe, leading the Marine Battery Market owing to the rapid growth of the technologically advanced electric ships in the region.
Access Full Report: https://www.delvens.com/report/marine-battery-market
In addition to the market data for Marine Battery Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
More Related Reports:
Remote Sensing Services Market
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-3290-6466
+1 214-377-1144
