船舶用バッテリー市場 – 2030年までの世界予測

Marine Battery Market - Global Forecast to 2030

船舶用バッテリー市場 - 種類(リチウム、ナトリウムイオン、ニッケルカドミウム、鉛蓄電池、燃料電池)、船舶の種類(商業用、防衛用、無人海上車両) 機能、容量、推進力、出力、設計、形状、売上高、地域別 - 2030年までの世界予測
Marine Battery Market by Type (Lithium, Sodium-ion, Nickel Cadmium, Lead-acid, Fuel-cell), Vessel Type (Commercial, Defense, Unmanned Maritime Vehicles) Function, Capacity, Propulsion, Power, Design, Form, Sales, Regions, Global Forecast to 2030

商品番号 : SMB-8741

出版社MarketsandMarkets
出版年月2024年12月
ページ数373
図表数443
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The marine battery market is projected to grow from USD 882.3 million to USD  1,506.0 million, at a CAGR of 9.3% during the forecast period from 2024 to 2030.

船舶用バッテリー市場は、2024 年から 2030 年の予測期間中に 9.3% の CAGR で、8 億 8,230 万米ドルから 15 億 600 万米ドルに成長すると予測されています。

The marine battery market is experiencing growth due to factors such as technological advancements, and stringent environmental regulations. Siemens Energy (Germany), Leclanché SA (Switzerland), Corvus Energy (Canada), Toshiba Corporation (Japan) and EnerSys (US) are some of the leading players operating in the marine battery market.

船舶用バッテリー市場 - 2030年までの世界予測
marine-battery-market

“The Commercial segment to account for highest market share in the marine battery  market during the forecast period.”

The marine battery market has been segmented into commercial, defense, Unmanned Underwater Vehicles and Unmanned Surface Vehicles based on ship type. The commercial segment is projected to grow at highest market share during the forecast period 2024 to 2030. The adoption of sustainable propulsion systems in cargo ships, tankers, and passenger vessels is rising fast. The growth here is due to strict environmental regulations such as IMO 2020, which sets up the requirement for lesser emissions and fuel consumption. Commercial ships frequently sails in the Emission Controlled Zones and seek hybrid or fully electric solutions to maintain compliance with these regulations. Additionally, increasing investments in electrifying ferries, cruise ships, and offshore support vessels to enhance operational efficiency and reduce operating costs further support the demand for marine batteries in this segment.

“The Dual-Purpose batteries segment to account for highest CAGR in the marine battery market  during the forecast period.”

The marine battery has been segmented into Starting Batteries, Deep-cycle Batteries, and Dual-Purpose Batteries based on function . The dual-purpose segment is expected to hold the highest CAGR from 2024 to 2030 based on their versatility in providing both starting power and deep-cycle capabilities, making it suitable for a myriad of maritime applications. Due to strong demand for reliable engine starting and consistent power for onboard systems such as navigation, lighting, and auxiliary equipment, dual purpose batteries are best suited for such vessels. In addition, dual-purpose batteries reduce the requirement for separate battery systems, thereby optimizing space and cost for operators. With the increasing demand in hybrid propulsion systems and advanced marine technologies, the use of dual-purpose batteries is gaining popularity within the maritime industry due to their efficiency, durability, and flexibility to meet varied functional requirements.

“The European market is estimated to hold the highest market share.”

European market due to a series of severe environmental regulations, government incentives, and many more stringent sustainability initiatives in the maritime sector have driven the growth of marine battery market. Europe has been on the lead to enforce zero-emission transportation through initiatives like the European Green Deal and strict IMO 2020 laws enforcing a great deal of reduction in greenhouse gas emissions from ships. Countries such as Norway, the Netherlands, and Sweden, for instance, are embracing new technologies to make their fleet electrified, and more specifically in ferries and short-range vessels, as battery systems would be most efficient there. Strong infrastructure exists, including charging stations and a widespread network of ports with sustainable energy sources.

船舶用バッテリー市場 - 2030年までの世界予測 region
marine-battery-market-region

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1–35%; Tier 2–45%; and Tier 3–20%
  • By Designation: C Level–35%; Directors–25%; and Others–40%
  • By Region: North America–20%; Europe–40%; Asia Pacific–20%; Rest of the Worlds- 20%

Siemens Energy (Germany), Leclanché SA (Switzerland), Corvus Energy (Canada), Toshiba Corporation (Japan) and EnerSys (US) are some of the leading players operating in the marine battery market .

船舶用バッテリー市場 - 2030年までの世界予測 ecosystem
marine-battery-market-ecosystem

Research Coverage

The study covers the marine battery market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on propulsion, capacity, operation and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their solutions and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Key benefits of buying this report:

This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall marine battery market  and its subsegments. The report covers the entire ecosystem of the marine battery market . It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers and factors, such as increasing consumer preference for high-quality marine battery services, rising global traffic need that could contribute to an increase in marine battery market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the aircraft cabin interiors market across varied regions
  • Market Diversification: Exhaustive information about new solutions, untapped geographies, recent developments, and investments in aircraft cabin interiors market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Siemens Energy (Germany), Leclanché SA (Switzerland), Corvus Energy (Canada), Toshiba Corporation (Japan) and EnerSys (US) among others in the marine battery market.

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   29

1.3.1        MARKET SEGMENTATION           29

1.3.2        INCLUSIONS AND EXCLUSIONS 30

1.4           YEARS CONSIDERED      30

1.5           CURRENCY & PRICING  31

1.6           STAKEHOLDERS               31

1.7           SUMMARY OF CHANGES               32

2               RESEARCH METHODOLOGY       33

2.1           RESEARCH DATA              33

2.1.1        SECONDARY DATA          35

2.1.1.1    Key data from secondary sources       35

2.1.2        PRIMARY DATA 36

2.1.2.1    Key data from primary sources           36

2.2           FACTOR ANALYSIS          37

2.2.1        INTRODUCTION              37

2.2.2        DEMAND-SIDE INDICATORS      38

2.2.3        SUPPLY-SIDE INDICATORS          38

2.3           MARKET SIZE ESTIMATION         38

2.3.1        BOTTOM-UP APPROACH              38

2.3.2        TOP-DOWN APPROACH                39

2.4           DATA TRIANGULATION                40

2.4.1        TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH                40

2.5           RESEARCH ASSUMPTIONS           41

2.6           RISK ASSESSMENT           41

2.7           RESEARCH LIMITATIONS             42

3               EXECUTIVE SUMMARY  43

4               PREMIUM INSIGHTS       47

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARINE BATTERY MARKET         47

4.2           MARINE BATTERY MARKET, BY VESSEL TYPE     47

4.3           MARINE BATTERY MARKET, BY TYPE     48

4.4           MARINE BATTERY MARKET, BY FUNCTION         48

4.5           MARINE BATTERY MARKET, BY SALES   49

4.6           MARINE BATTERY MARKET, BY PROPULSION    49

4.7           MARINE BATTERY MARKET, BY CAPACITY           50

4.8           MARINE BATTERY MARKET, BY FORM   50

4.9           MARINE BATTERY MARKET, BY DESIGN                51

4.10         MARINE BATTERY MARKET, BY POWER 51

4.11         MARINE BATTERY MARKET, BY COUNTRY           52

5               MARKET OVERVIEW       53

5.1           INTRODUCTION              53

5.2           MARKET DYNAMICS       53

5.2.1        DRIVERS               54

5.2.1.1    Rising fuel costs and need for operational efficiency      54

5.2.1.2    Growth in demand for electric and hybrid marine vessels                 54

5.2.1.3    Advances in battery technology          55

5.2.1.4    Stringent environmental regulations 56

5.2.1.5    Increasing trend toward decarbonization and renewable energy integration              57

5.2.2        RESTRAINTS      59

5.2.2.1    High initial capital requirements       59

5.2.2.2    Inadequate charging infrastructure   60

5.2.2.3    Limited recycling and disposal solutions          61

5.2.3        OPPORTUNITIES              61

5.2.3.1    Hybrid propulsion systems 61

5.2.3.2    Electrification of short-range vessels 62

5.2.3.3    Rapid innovations and technological advancements       62

5.2.4        CHALLENGES    63

5.2.4.1    Energy density limitations  63

5.2.4.2    Supply chain constraints and raw material shortage       63

5.3           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            64

5.4           VALUE CHAIN ANALYSIS               65

5.5           ECOSYSTEM ANALYSIS  66

5.5.1        PROMINENT COMPANIES            66

5.5.2        PRIVATE AND SMALL ENTERPRISES        66

5.5.3        END USERS         66

5.6           PRICING ANALYSIS          68

5.6.1        AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BATTERY TYPE, 2024       68

5.6.2        AVERAGE SELLING PRICE TREND, BY REGION, 2024                 68

5.6.2.1    Factors affecting pricing, by region   69

5.6.2.1.1 North America      69

5.6.2.1.2 Europe   69

5.6.2.1.3 Asia Pacific            69

5.6.3        AVERAGE GLOBAL BATTERY PRICING AND AVERAGE BATTERY PRICING FOR MARINE APPLICATIONS               69

5.7           INVESTMENT AND FUNDING SCENARIO               72

5.8           VOLUME DATA 73

5.9           OPERATIONAL DATA     73

5.10         REGULATORY LANDSCAPE         74

5.11         TRADE ANALYSIS             76

5.11.1      IMPORT SCENARIO         76

5.11.2      EXPORT SCENARIO         78

5.12         TECHNOLOGY ANALYSIS             79

5.12.1      KEY TECHNOLOGIES     79

5.12.1.1  Lithium-ion batteries           79

5.12.1.2  Solid-state batteries              79

5.12.2      ADJACENT TECHNOLOGIES       80

5.12.2.1  Power-to-X (P2X) technology            80

5.12.2.2  Battery thermal management systems               80

5.12.3      COMPLEMENTARY TECHNOLOGIES       80

5.12.3.1  Battery management system               80

5.12.3.2  Energy management system               81

5.13         KEY STAKEHOLDERS AND BUYING CRITERIA     81

5.13.1      KEY STAKEHOLDERS IN BUYING PROCESS           81

5.13.2      BUYING CRITERIA           82

5.14         USE CASE ANALYSIS        83

5.14.1      NISHISHIBA ELECTRIC DEVELOPED JAPAN’S FIRST HYBRID FREIGHT COASTER, UTASHIMA, UTILIZING LITHIUM-ION BATTERIES FOR PROPULSION          83

5.14.2      LECLANCHÉ PROVIDED HYBRID ENERGY STORAGE SYSTEM FEATURING LITHIUM-ION BATTERIES FOR PROPULSION     84

5.14.3      DAMEN SHIPYARDS GROUP INTEGRATED SCIB AS POWER SOURCE FOR ITS ELECTRIC FERRY, DAMEN FERRY 2306E3   84

5.15         KEY CONFERENCES AND EVENTS, 2025  85

5.16         MACROECONOMIC OUTLOOK  85

5.16.1      INTRODUCTION              85

5.16.2      NORTH AMERICA             86

5.16.3      EUROPE               86

5.16.4      ASIA PACIFIC     86

5.16.5      MIDDLE EAST & AFRICA                87

5.16.6      LATIN AMERICA                87

5.17         IMPACT OF AI ON MARINE INDUSTRY: USE CASES                 87

5.17.1      IMPACT OF AI ON MARINE BATTERY MARKET   89

5.18         TOTAL COST OF OWNERSHIP (TCO)      90

5.18.1      INTRODUCTION              90

5.18.2      PURPOSE OF BATTERY USAGE  92

5.18.2.1  Electric vessels      92

5.18.2.2  Conventional vessels            92

5.18.3      COST DRIVERS 92

5.18.3.1  Electric vessels      92

5.18.3.2  Conventional vessels            92

5.18.4      TECHNOLOGY AND BATTERY TYPE       92

5.18.4.1  Electric vessels      92

5.18.4.2  Conventional vessels            93

5.18.5      MAINTENANCE AND AFTERMARKET COSTS       93

5.18.5.1  Electric vessels      93

5.18.5.2  Conventional vessels            93

5.19         BUSINESS MODELS         93

5.19.1      CAPITAL EXPENDITURE (CAPEX) MODEL             94

5.19.2      POWER-AS-A-SERVICE (PAAS) MODEL   94

5.19.3      BATTERY SWAPPING MODEL     94

5.20         BILL OF MATERIALS ANALYSIS  95

5.20.1      BILL OF MATERIALS ANALYSIS FOR MARINE BATTERY COMPONENTS  95

5.21         MATERIALS USED IN MARINE BATTERIES             96

5.21.1      LITHIUM-ION BATTERIES (ELECTRIC AND HYBRID VESSELS)             96

5.21.2      LEAD-ACID BATTERIES (CONVENTIONAL VESSELS)                 97

5.21.3      STRUCTURAL AND SUPPORT MATERIALS            97

5.21.4      SAFETY AND PROTECTIVE MATERIALS 97

5.22         TECHNOLOGY ROADMAP            98

5.23         EVOLUTION OF BATTERY PACKING FORM          100

5.23.1      EXISTING BATTERY PACKING FORM       100

5.23.2      FUTURE OF BATTERY PACKING FORM  101

5.23.3      INSIGHTS ON BATTERY PACKING FORM               102

6               INDUSTRY TRENDS         103

6.1           INTRODUCTION              103

6.2           TECHNOLOGY TRENDS                103

6.2.1        NEXT-GENERATION SOLID-STATE BATTERY TECHNOLOGY  103

6.2.2        HYBRID AND INTEGRATED ENERGY SYSTEMS   104

6.2.3        ADVANCED BATTERY MANAGEMENT SYSTEMS                 104

6.2.4        RECYCLABLE AND ECO-FRIENDLY BATTERIES  105

6.3           IMPACT OF MEGA TRENDS         105

6.3.1        ADVANCED MATERIALS AND MANUFACTURING                 105

6.3.2        BIG DATA ANALYTICS   106

6.3.3        SUSTAINABILITY INITIATIVES   106

6.3.4        ARTIFICIAL INTELLIGENCE        107

6.4           SUPPLY CHAIN ANALYSIS             107

6.5           PATENT ANALYSIS          108

6.6           INSIGHTS ON MARINE BATTERY ECOSYSTEM    112

6.6.1        INTRODUCTION              112

6.6.2        END USER PREFERENCES ON BATTERY TECHNOLOGIES                 113

6.6.2.1    Dual-purpose innovations to enhance market penetration                 113

6.6.2.2    Transitioning from lithium to next-generation batteries                 113

6.6.2.3    Collaboration as a catalyst for growth                113

6.6.2.4    Lifecycle integration to maximize ROI              114

6.6.2.5    Region-wise adoption strategies         114

6.6.3        POWER CONSUMPTION SPECIFICATIONS FOR DIFFERENT VESSEL TYPES           114

6.6.4        CAPACITY VS. BATTERY POWER ADOPTION TRENDS                 115

6.6.4.1    Positive correlation in sustained energy delivery             116

6.6.4.2    Inverse correlation in high-power systems       116

6.6.4.3    Capacity supporting power efficiency                116

6.6.4.4    Trade-off correlation in hybrid systems            116

6.6.4.5    Application-dependent correlation    117

6.6.5        PROS AND CONS OF BATTERY DESIGNS                117

6.6.6        KEY BATTERY FUNCTION REQUIREMENTS FOR VESSEL TYPES   118

6.6.7        DEMAND FOR BATTERY TYPES BASED ON PROPULSION NEEDS  119

7               MARINE BATTERY MARKET, BY FUNCTION         120

7.1           INTRODUCTION              121

7.2           STARTING BATTERIES  122

7.2.1        STARTING BATTERIES DELIVER QUICK BURSTS OF HIGH POWER    122

7.3           DEEP-CYCLE BATTERIES              122

7.3.1        NEED FOR STEADY AMOUNT OF POWER OVER EXTENDED PERIOD TO BOOST GROWTH             122

7.4           DUAL-PURPOSE BATTERIES       122

7.4.1        MULTIPURPOSE ENERGY NEEDS IN SMALL VESSELS TO DRIVE DEMAND FOR DUAL-PURPOSE BATTERIES            122

8               MARINE BATTERY MARKET, BY POWER 123

8.1           INTRODUCTION              124

8.2           < 75 KW                 125

8.2.1        ADOPTION OF < 75 KW BATTERIES IN SMALL AND MEDIUM-SIZED VESSELS TO DRIVE MARKET      125

8.3           75–150 KW            125

8.3.1        INCREASING ADOPTION OF HYBRID PROPULSION SYSTEMS TO DRIVE MARKET FOR 75–150 KW BATTERIES                 125

8.4           151–745 KW          126

8.4.1        DEMAND FOR BATTERIES WITH HIGH POWER OUTPUT TO DRIVE MARKET         126

8.5           746–7,560 KW      126

8.5.1        HIGH ENERGY DENSITY, SCALABILITY, AND ABILITY OF 746–7,560 KW BATTERIES TO HANDLE HEAVY LOADS TO DRIVE DEMAND             126

8.6           > 7,560 KW           126

8.6.1        MARINE BATTERIES WITH POWER RATINGS ABOVE 7,560 KW USED FOR LONG-HAUL OPERATIONS 126

9               MARINE BATTERY MARKET, BY CAPACITY           127

9.1           INTRODUCTION              128

9.2           < 100 AH               129

9.2.1        MARINE BATTERIES WITH LESS THAN 100 AH USED FOR SMALL VESSELS WITH MODERN POWER REQUIREMENTS                 129

9.3           100–250 AH          129

9.3.1        USE OF 100–250 AH MARINE BATTERIES IN RECREATIONAL AND COMMERCIAL VESSELS TO DRIVE MARKET               129

9.4           > 250 AH               129

9.4.1        NEED FOR LARGE VESSELS REQUIRING POWER FOR EXTENDED PERIOD TO DRIVE MARKET                129

10            MARINE BATTERY MARKET, BY DESIGN                130

10.1         INTRODUCTION              131

10.2         SOLID-STATE    132

10.2.1      INCREASING NEED FOR HIGH ENERGY DENSITY TO DRIVE MARKET 132

10.3         LIQUID/GEL-BASED       132

10.3.1      COST-EFFECTIVENESS, RELIABILITY, AND SUITABILITY OF LIQUID/GEL-BASED BATTERIES TO DRIVE THEIR DEMAND                 132

11            MARINE BATTERY MARKET, BY FORM   133

11.1         INTRODUCTION              134

11.2         PRISMATIC         135

11.2.1      NEED FOR BATTERIES WITH COMPACT DESIGN AND DURABILITY TO DRIVE GROWTH             135

11.3         CYLINDRICAL    135

11.3.1      HIGH DEMAND FOR THERMALLY STABLE BATTERIES TO PROPEL DEMAND    135

11.4         POUCH 135

11.4.1      NEED FOR BATTERIES WITH LIGHT WEIGHT AND COMPACT DESIGN TO DRIVE MARKET 135

12            MARINE BATTERY MARKET, BY PROPULSION    136

12.1         INTRODUCTION              137

12.2         FULLY ELECTRIC              138

12.2.1      INCREASING FOCUS ON DECARBONIZATION TO DRIVE MARKET               138

12.3         HYBRID                139

12.3.1      REDUCES FUEL USAGE AND VESSEL’S CARBON FOOTPRINT       139

12.4         CONVENTIONAL              139

12.4.1      NEED TO SUPPLEMENT TRADITIONAL PROPULSION SYSTEMS TO DRIVE MARKET      139

13            MARINE BATTERY MARKET, BY SALES   140

13.1         INTRODUCTION              141

13.2         OEMS    142

13.2.1      INCREASING EMPHASIS ON SUSTAINABILITY TO DRIVE MARKET               142

13.3         AFTERMARKET 142

13.3.1      ADVANCEMENTS IN BATTERY TECHNOLOGIES TO DRIVE MARKET 142

14            MARINE BATTERY MARKET, BY TYPE     143

14.1         INTRODUCTION              144

14.2         LITHIUM              145

14.2.1      NEED FOR HIGH-PERFORMANCE BATTERIES TO DRIVE MARKET               145

14.3         SODIUM-ION     145

14.3.1      NEED FOR SUSTAINABLE, COST-EFFECTIVE, AND ABUNDANT SOLUTIONS FOR ENERGY STORAGE TO DRIVE MARKET               145

14.4         NICKEL CADMIUM          146

14.4.1      HARSH MARITIME ENVIRONMENTS TO DRIVE DEMAND FOR NICKEL-CADMIUM BATTERIES        146

14.5         LEAD-ACID         146

14.5.1      LOW MANUFACTURING AND REPLACEMENT COSTS TO DRIVE MARKET 146

14.6         FUEL CELL          146

14.6.1      NEED FOR VESSEL ELECTRIFICATION TO DRIVE GROWTH             146

15            MARINE BATTERY MARKET, BY VESSEL TYPE     147

15.1         INTRODUCTION              148

15.2         COMMERCIAL   149

15.2.1      PASSENGER VESSELS     150

15.2.1.1  Yachts    150

15.2.1.1.1                Increasing adoption of green technologies to drive market    150

15.2.1.2  Ferries    151

15.2.1.2.1                Increasing use of electric ferries to drive demand                 151

15.2.1.3  Cruise ships           151

15.2.1.3.1                Demand for operational efficiency of vessels to drive market    151

15.2.2      CARGO VESSELS               151

15.2.2.1  Container vessels 152

15.2.2.1.1                Shift toward hybrid, zero-emission port operations to drive demand        152

15.2.2.2  Bulk carriers          153

15.2.2.2.1                Increasing adoption of hybrid-electric propulsion systems to drive market       153

15.2.2.3  Tankers  153

15.2.2.3.1                Increasing need for enhanced energy storage for emergency systems to drive market   153

15.2.2.4  Gas tankers            154

15.2.2.4.1                Conversion of traditional gas tankers to sustainable mode of propulsion               154

15.2.2.5  Dry cargo ships     154

15.2.2.5.1                Increasing cargo volume to boost growth         154

15.2.2.6  Barges    154

15.2.2.6.1                Increase in small inland waterways to drive market                 154

15.2.3      OTHER VESSELS               155

15.2.3.1  Fishing vessels      155

15.2.3.1.1                Low fuel consumption of fully electric fishing vessels to drive demand        155

15.2.3.2  Tugs and workboats             156

15.2.3.2.1                Increasing support of ports for electrification of vessels to drive market      156

15.2.3.3  Research vessels   156

15.2.3.3.1                Technological advancements in battery technology to propel growth        156

15.2.3.4  Dredgers                156

15.2.3.4.1                Adoption of hybrid systems to boost demand  156

15.3         DEFENSE             157

15.3.1      DESTROYERS     157

15.3.1.1  Increasing use of electric propulsive destroyers to boost growth                 157

15.3.2      FRIGATES            158

15.3.2.1  Plans by naval forces to install hybrid propulsion systems for frigates to boost market       158

15.3.3      CORVETTES       158

15.3.3.1  Enhanced operational flexibility requirements by corvettes to drive growth          158

15.3.4      AMPHIBIOUS SHIPS        158

15.3.4.1  Increasing use of amphibious ships with hybrid propulsion by naval forces to drive market                158

15.3.5      AIRCRAFT CARRIERS      159

15.3.5.1  Adoption of hybrid and electric propulsion systems to boost growth    159

15.3.6      PATROL VESSELS             159

15.3.6.1  Increasing need for surveillance and protection missions to drive growth    159

15.4         UNMANNED MARITIME VEHICLES           159

15.4.1      UNMANNED UNDERWATER VEHICLES  160

15.4.1.1  Growth in underwater defense operations to drive market                 160

15.4.2      UNMANNED SURFACE VEHICLES              160

15.4.2.1  Need for increasing surveillance and reconnaissance to drive demand  160

16            MARINE BATTERY MARKET, BY REGION                161

16.1         INTRODUCTION              162

16.2         NORTH AMERICA             163

16.2.1      PESTLE ANALYSIS            164

16.2.2      US           167

16.2.2.1  Increasing adoption of electric boats to drive market     167

16.2.3      CANADA               169

16.2.3.1  Increasing emphasis on cleaner boating to drive market                 169

16.3         EUROPE               170

16.3.1      PESTLE ANALYSIS            170

16.3.2      UK          174

16.3.2.1  Increasing investment in electric marine ecosystems for passenger vessels to drive market      174

16.3.3      SWEDEN              176

16.3.3.1  Government incentives and subsidy plans to drive market                 176

16.3.4      NETHERLANDS 177

16.3.4.1  Increasing adoption of zero-emission ships to drive market                 177

16.3.5      NORWAY              178

16.3.5.1  Replacement of traditional vessels with electric vessels to drive market    178

16.3.6      DENMARK           179

16.3.6.1  Favorable environmental regulations to drive market    179

16.3.7      REST OF EUROPE             181

16.4         ASIA PACIFIC     182

16.4.1      PESTLE ANALYSIS            182

16.4.2      CHINA  186

16.4.2.1  Strategic development of marine transportation and presence of shipbuilding companies to drive market           186

16.4.3      INDIA    188

16.4.3.1  Growth of maritime industry with focus on carbon emission reduction to drive market    188

16.4.4      JAPAN   189

16.4.4.1  Increasing electric shipbuilding industry to drive market                 189

16.4.5      SOUTH KOREA  190

16.4.5.1  Advancements in battery technology to drive market     190

16.4.6      REST OF ASIA PACIFIC   191

16.5         MIDDLE EAST & AFRICA                193

16.5.1      PESTLE ANALYSIS            193

16.5.2      GCC COUNTRIES              197

16.5.2.1  UAE        197

16.5.2.1.1                Government initiatives to build electric and hybrid vessels to drive market         197

16.5.2.2  Saudi Arabia          198

16.5.2.2.1                Increase in cruise ships, ferries, and tourist yachts to drive market          198

16.5.3      TURKEY                200

16.5.3.1  Government incentives for sustainable shipping solutions to drive market          200

16.5.4      REST OF MIDDLE EAST 201

16.5.4.1  AFRICA 202

16.5.4.1.1                Increasing investments in research & development to drive market          202

16.6         LATIN AMERICA                203

16.6.1      PESTLE ANALYSIS            203

16.6.2      BRAZIL 207

16.6.2.1  Adoption of hybrid propulsion in large vessels to drive market                 207

16.6.3      MEXICO                209

16.6.3.1  Growth in demand for marine travel to drive market     209

17            COMPETITIVE LANDSCAPE         211

17.1         INTRODUCTION              211

17.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 211

17.3         REVENUE ANALYSIS       213

17.4         MARKET SHARE ANALYSIS           214

17.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 216

17.5.1      STARS   216

17.5.2      EMERGING LEADERS     216

17.5.3      PERVASIVE PLAYERS      216

17.5.4      PARTICIPANTS 216

17.5.5      COMPANY FOOTPRINT: KEY PLAYERS   218

17.5.5.1  Company footprint               218

17.5.5.2  Company propulsion footprint           219

17.5.5.3  Company vessel type footprint           220

17.5.5.4  Company form footprint     221

17.5.5.5  Company region footprint  222

17.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        223

17.6.1      PROGRESSIVE COMPANIES         223

17.6.2      RESPONSIVE COMPANIES            223

17.6.3      DYNAMIC COMPANIES  223

17.6.4      STARTING BLOCKS         223

17.6.5      COMPETITIVE BENCHMARKING               225

17.7         COMPANY VALUATION AND FINANCIAL METRICS                 227

17.8         BRAND/PRODUCT COMPARISON             228

17.9         COMPETITIVE SCENARIO             229

17.9.1      PRODUCT LAUNCHES/DEVELOPMENTS               229

17.9.2      DEALS  231

17.9.3      OTHER DEVELOPMENTS              236

18            COMPANY PROFILES      240

18.1         KEY PLAYERS     240

18.1.1      SIEMENS ENERGY            240

18.1.1.1  Business overview 240

18.1.1.2  Products offered   241

18.1.1.3  Recent developments           242

18.1.1.3.1                Deals      242

18.1.1.3.2                Other developments             242

18.1.1.4  MnM view              243

18.1.1.4.1                Key strengths        243

18.1.1.4.2                Strategic choices   243

18.1.1.4.3                Weaknesses and competitive threats 243

18.1.2      LECLANCHÉ SA 244

18.1.2.1  Business overview 244

18.1.2.2  Products offered   245

18.1.2.3  Recent developments           246

18.1.2.3.1                Product launches  246

18.1.2.3.2                Deals      247

18.1.2.3.3                Other developments             247

18.1.2.4  MnM view              248

18.1.2.4.1                Key strengths        248

18.1.2.4.2                Strategic choices   248

18.1.2.4.3                Weaknesses and competitive threats 248

18.1.3      CORVUS ENERGY             249

18.1.3.1  Business overview 249

18.1.3.2  Products offered   249

18.1.3.3  Recent developments           250

18.1.3.3.1                Deals      250

18.1.3.3.2                Other developments             251

18.1.3.4  MnM view              253

18.1.3.4.1                Key strengths        253

18.1.3.4.2                Strategic choices   253

18.1.3.4.3                Weaknesses and competitive threats 253

18.1.4      TOSHIBA CORPORATION             254

18.1.4.1  Business overview 254

18.1.4.2  Products offered   255

18.1.4.3  Recent developments           255

18.1.4.3.1                Deals      255

18.1.4.4  MnM view              255

18.1.4.4.1                Key strengths        255

18.1.4.4.2                Strategic choices   256

18.1.4.4.3                Weaknesses and competitive threats 256

18.1.5      ENERSYS              257

18.1.5.1  Business overview 257

18.1.5.2  Products offered   258

18.1.5.3  Recent developments           259

18.1.5.3.1                Deals      259

18.1.5.3.2                Other developments             259

18.1.5.4  MnM view              260

18.1.5.4.1                Key strengths        260

18.1.5.4.2                Strategic choices   260

18.1.5.4.3                Weaknesses and competitive threats 260

18.1.6      SHIFT    261

18.1.6.1  Business overview 261

18.1.6.2  Products offered   261

18.1.6.3  Recent developments           262

18.1.6.3.1                Deals      262

18.1.7      SAFT      264

18.1.7.1  Business overview 264

18.1.7.2  Products offered   264

18.1.7.3  Recent developments           265

18.1.7.3.1                Product launches  265

18.1.8      SENSATA TECHNOLOGIES, INC.                266

18.1.8.1  Business overview 266

18.1.8.2  Products offered   266

18.1.8.3  Recent developments           267

18.1.8.3.1                Deals      267

18.1.9      POWERTECH SYSTEMS 268

18.1.9.1  Business overview 268

18.1.9.2  Products offered   268

18.1.10   THE FURUKAWA BATTERY CO., LTD.      269

18.1.10.1                 Business overview 269

18.1.10.2                 Products offered   270

18.1.10.3                 Recent developments           270

18.1.10.3.1             Deals      270

18.1.11   EAST PENN MANUFACTURING COMPANY            271

18.1.11.1                 Business overview 271

18.1.11.2                 Products offered   271

18.1.11.3                 Recent developments           272

18.1.11.3.1             Product launches  272

18.1.11.3.2             Deals      272

18.1.12   KOREA SPECIAL BATTERY CO., LTD. (KSB)           273

18.1.12.1                 Business overview 273

18.1.12.2                 Products offered   273

18.1.13   CLARIOS               275

18.1.13.1                 Business overview 275

18.1.13.2                 Products offered   275

18.1.13.3                 Recent developments           276

18.1.13.3.1             Product launches  276

18.1.14   EXIDE TECHNOLOGIES 277

18.1.14.1                 Business overview 277

18.1.14.2                 Products offered   277

18.1.14.3                 Recent developments           278

18.1.14.3.1             Product launches  278

18.1.15   SHENZHEN MANLY BATTERY CO., LTD.                 279

18.1.15.1                 Business overview 279

18.1.15.2                 Products offered   279

18.2         OTHER PLAYERS              280

18.2.1      ECHANDIA AB   280

18.2.2      FORSEE POWER                280

18.2.3      EST-FLOATTECH              281

18.2.4      LITHIUMWERKS                281

18.2.5      LIFELINE              282

18.2.6      EVEREXCEED INDUSTRIAL CO., LTD.     282

18.2.7      US BATTERY      283

18.2.8      SOLAREDGE       283

18.2.9      FREUDENBERG E-POWER SYSTEMS         284

18.2.10   SONNENSCHEIN               284

19            APPENDIX           285

19.1         DISCUSSION GUIDE        285

19.2         ANNEXURE         287

19.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                289

19.4         CUSTOMIZATION OPTIONS        291

19.5         RELATED REPORTS         291

19.6         AUTHOR DETAILS           292

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2019–2023            31

TABLE 2                MARINE BATTERY MARKET         38

TABLE 3                CURRENT BATTERY CAPACITY AND POWER REQUIREMENTS FOR SHIPS        55

TABLE 4                FEASIBILITY OF DECARBONIZATION SCENARIOS         57

TABLE 5                IMPLEMENTATION MILESTONES FOR ELECTRIFICATION IN MARINE TRANSPORT (2025 VS. 2035 VS. 2050)      58

TABLE 6                ROLE OF PLAYERS IN MARKET ECOSYSTEM                 67

TABLE 7                AVERAGE SELLING PRICES OF KEY PLAYERS, BY BATTERY TYPE, 2024       68

TABLE 8                AVERAGE SELLING PRICES OF KEY BATTERY TYPES, BY REGION, 2024                68

TABLE 9                GLOBAL AVERAGE BATTERY PRICING AND AVERAGE BATTERY PRICING FOR MARINE APPLICATIONS, 2020–2023 (USD)                70

TABLE 10              GLOBAL AVERAGE BATTERY PRICING FORECAST AND AVERAGE BATTERY PRICING FORECAST FOR MARINE APPLICATIONS, 2024–2030 (USD)             71

TABLE 11              LITHIUM-ION PRICING FOR NMC AND PHOSPHATE TYPES, 2020–2023 (USD)     71

TABLE 12              LITHIUM-ION PRICING FORECAST FOR NMC AND PHOSPHATE TYPES,

2024–2030 (USD)                72

TABLE 13              MARINE BATTERY MARKET, BY TYPE, 2024–2030 (UNITS)                73

TABLE 14              MARINE BATTERY MARKET, BY REGION-WISE OEM VESSEL COUNT,

2024–2030 (UNITS)            73

TABLE 15              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  74

TABLE 16              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           74

TABLE 17              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  75

TABLE 18              MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 75

TABLE 19              LATIN AMERICA AND AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             75

TABLE 20              IMPORT DATA FOR HS CODE 8901 VESSELS, BY COUNTRY,

2019–2023 (USD THOUSAND)      77

TABLE 21              EXPORT DATA FOR HS CODE 8901-COMPLIANT VESSELS, BY COUNTRY,

2019–2023 (USD THOUSAND)      79

TABLE 22              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY KEY VESSEL TYPE (%)         82

TABLE 23              BUYING CRITERIA, BY KEY VESSEL TYPE                 83

TABLE 24              KEY CONFERENCES AND EVENTS, 2025  85

TABLE 25              IMPACT OF AI ON MARINE VESSEL APPLICATIONS 88

TABLE 26              LIST OF MAJOR PATENTS GRANTED IN MARINE BATTERY MARKET, 2023–2024     109

TABLE 27              KEY INSIGHTS DRIVING END USER PREFERENCES   113

TABLE 28              CAPACITY VS. POWER DEPENDENCE ON VESSEL TYPES   117

TABLE 29              PROS AND CONS OF BATTERY DESIGNS                 117

TABLE 30              KEY BATTERY FUNCTION REQUIREMENTS FOR VESSEL TYPES   118

TABLE 31              DEMAND FOR BATTERY TYPES BASED ON PROPULSION NEEDS     119

TABLE 32              MARINE BATTERY MARKET, BY FUNCTION, 2020–2023 (USD MILLION)            121

TABLE 33              MARINE BATTERY MARKET, BY FUNCTION, 2024–2030 (USD MILLION)            121

TABLE 34              MARINE BATTERY MARKET, BY POWER, 2020–2023 (USD MILLION)       124

TABLE 35              MARINE BATTERY MARKET, BY POWER, 2024–2030 (USD MILLION)       125

TABLE 36              MARINE BATTERY MARKET, BY CAPACITY, 2020–2023 (USD MILLION)       128

TABLE 37              MARINE BATTERY MARKET, BY CAPACITY, 2024–2030 (USD MILLION)       128

TABLE 38              MARINE BATTERY MARKET, BY DESIGN, 2020–2023 (USD MILLION)       131

TABLE 39              MARINE BATTERY MARKET, BY DESIGN, 2024–2030 (USD MILLION)       131

TABLE 40              MARINE BATTERY MARKET, BY FORM, 2020–2023 (USD MILLION) 134

TABLE 41              MARINE BATTERY MARKET, BY FORM, 2024–2030 (USD MILLION) 134

TABLE 42              MARINE BATTERY MARKET, BY PROPULSION, 2020–2023 (USD MILLION)            137

TABLE 43              MARINE BATTERY MARKET, BY PROPULSION, 2024–2030 (USD MILLION)            137

TABLE 44              ALL-ELECTRIC SHIP PROJECTS (GLOBAL)                 138

TABLE 45              MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION) 141

TABLE 46              MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION) 141

TABLE 47              MARINE BATTERY MARKET, BY TYPE, 2020–2023 (USD MILLION) 144

TABLE 48              MARINE BATTERY MARKET, BY TYPE, 2024–2030 (USD MILLION) 145

TABLE 49              MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)            148

TABLE 50              MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)            148

TABLE 51              MARINE BATTERY MARKET, BY COMMERCIAL VESSEL, 2020–2023 (USD MILLION)           149

TABLE 52              MARINE BATTERY MARKET, BY COMMERCIAL VESSEL, 2024–2030 (USD MILLION)           149

TABLE 53              MARINE BATTERY MARKET, BY PASSENGER VESSEL, 2020–2023 (USD MILLION)           150

TABLE 54              MARINE BATTERY MARKET, BY PASSENGER VESSEL, 2024–2030 (USD MILLION)           150

TABLE 55              MARINE BATTERY MARKET, BY CARGO VESSEL, 2020–2023 (USD MILLION)            152

TABLE 56              MARINE BATTERY MARKET, BY CARGO VESSEL, 2024–2030 (USD MILLION)            152

TABLE 57              OTHER VESSELS: MARINE BATTERY MARKET, BY TYPE, 2020–2023 (USD MILLION)         155

TABLE 58              OTHER VESSELS: MARINE BATTERY MARKET, BY TYPE, 2024–2030 (USD MILLION)         155

TABLE 59              MARINE BATTERY MARKET, BY DEFENSE VESSEL, 2020–2023 (USD MILLION)           157

TABLE 60              MARINE BATTERY MARKET, BY DEFENSE VESSEL, 2024–2030 (USD MILLION)           157

TABLE 61              MARINE BATTERY MARKET, BY UNMANNED MARITIME VEHICLE,

2020–2023 (USD MILLION)            160

TABLE 62              MARINE BATTERY MARKET, BY UNMANNED MARITIME VEHICLE,

2024–2030 (USD MILLION)            160

TABLE 63              MARINE BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION)       162

TABLE 64              MARINE BATTERY MARKET, BY REGION, 2024–2030 (USD MILLION)       163

TABLE 65              NORTH AMERICA: MARINE BATTERY MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            165

TABLE 66              NORTH AMERICA: MARINE BATTERY MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            166

TABLE 67              NORTH AMERICA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            166

TABLE 68              NORTH AMERICA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            166

TABLE 69              NORTH AMERICA: MARINE BATTERY MARKET, BY SALES,

2020–2023 (USD MILLION)            166

TABLE 70              NORTH AMERICA: MARINE BATTERY MARKET, BY SALES,

2024–2030 (USD MILLION)            167

TABLE 71              NORTH AMERICA: MARINE BATTERY MARKET, BY PROPULSION,

2020–2023 (USD MILLION)            167

TABLE 72              NORTH AMERICA: MARINE BATTERY MARKET, BY PROPULSION,

2024–2030 (USD MILLION)            167

TABLE 73              US: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                168

TABLE 74              US: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                168

TABLE 75              US: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)       168

TABLE 76              US: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)       169

TABLE 77              CANADA: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                169

TABLE 78              CANADA: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                169

TABLE 79              CANADA: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            170

TABLE 80              CANADA: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            170

TABLE 81              EUROPE: MARINE BATTERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     172

TABLE 82              EUROPE: MARINE BATTERY MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     173

TABLE 83              EUROPE: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            173

TABLE 84              EUROPE: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            173

TABLE 85              EUROPE: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            173

TABLE 86              EUROPE: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            174

TABLE 87              EUROPE: MARINE BATTERY MARKET, BY PROPULSION, 2020–2023 (USD MILLION)               174

TABLE 88              EUROPE: MARINE BATTERY MARKET, BY PROPULSION, 2024–2030 (USD MILLION)               174

TABLE 89              UK: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                175

TABLE 90              UK: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                175

TABLE 91              UK: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)       175

TABLE 92              UK: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)       175

TABLE 93              SWEDEN: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            176

TABLE 94              SWEDEN: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            176

TABLE 95              SWEDEN: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            176

TABLE 96              SWEDEN: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            177

TABLE 97              NETHERLANDS: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            177

TABLE 98              NETHERLANDS: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            177

TABLE 99              NETHERLANDS: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)              178

TABLE 100            NETHERLANDS: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)              178

TABLE 101            NORWAY: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            178

TABLE 102            NORWAY: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            179

TABLE 103          NORWAY: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            179

TABLE 104          NORWAY: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            179

TABLE 105            DENMARK: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            180

TABLE 106            DENMARK: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            180

TABLE 107            DENMARK: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)              180

TABLE 108            DENMARK: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)              180

TABLE 109            REST OF EUROPE: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            181

TABLE 110            REST OF EUROPE: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            181

TABLE 111            REST OF EUROPE: MARINE BATTERY MARKET, BY SALES,

2020–2023 (USD MILLION)            182

TABLE 112            REST OF EUROPE: MARINE BATTERY MARKET, BY SALES,

2024–2030 (USD MILLION)            182

TABLE 113            ASIA PACIFIC: MARINE BATTERY MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            184

TABLE 114            ASIA PACIFIC: MARINE BATTERY MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            185

TABLE 115            ASIA PACIFIC: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            185

TABLE 116            ASIA PACIFIC: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            185

TABLE 117            ASIA PACIFIC: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)              185

TABLE 118            ASIA PACIFIC: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)              186

TABLE 119            ASIA PACIFIC: MARINE BATTERY MARKET, BY PROPULSION,

2020–2023 (USD MILLION)            186

TABLE 120            ASIA PACIFIC: MARINE BATTERY MARKET, BY PROPULSION,

2024–2030 (USD MILLION)            186

TABLE 121            CHINA: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                187

TABLE 122            CHINA: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                187

TABLE 123            CHINA: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            187

TABLE 124            CHINA: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            187

TABLE 125            INDIA: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                188

TABLE 126            INDIA: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                188

TABLE 127            INDIA: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            188

TABLE 128            INDIA: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            189

TABLE 129            JAPAN: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                189

TABLE 130            JAPAN: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                189

TABLE 131            JAPAN: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            190

TABLE 132            JAPAN: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            190

TABLE 133            SOUTH KOREA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            190

TABLE 134            SOUTH KOREA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            191

TABLE 135            SOUTH KOREA: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)              191

TABLE 136            SOUTH KOREA: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)              191

TABLE 137            REST OF ASIA PACIFIC: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            192

TABLE 138            REST OF ASIA PACIFIC: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            192

TABLE 139            REST OF ASIA PACIFIC: MARINE BATTERY MARKET, BY SALES,

2020–2023 (USD MILLION)            192

TABLE 140            REST OF ASIA PACIFIC: MARINE BATTERY MARKET, BY SALES,

2024–2030 (USD MILLION)            192

TABLE 141            MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY COUNTRY AND REGION, 2020–2023 (USD MILLION)                 195

TABLE 142            MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY COUNTRY AND REGION, 2024–2030 (USD MILLION)                 195

TABLE 143            MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            195

TABLE 144            MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            196

TABLE 145            MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY SALES,

2020–2023 (USD MILLION)            196

TABLE 146            MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY SALES,

2024–2030 (USD MILLION)            196

TABLE 147            MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY PROPULSION,

2020–2023 (USD MILLION)            196

TABLE 148            MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY PROPULSION,

2024–2030 (USD MILLION)            197

TABLE 149            UAE: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                197

TABLE 150            UAE: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                198

TABLE 151            UAE: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            198

TABLE 152            UAE: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            198

TABLE 153            SAUDI ARABIA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            199

TABLE 154            SAUDI ARABIA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            199

TABLE 155            SAUDI ARABIA: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)              199

TABLE 156            SAUDI ARABIA: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)              199

TABLE 157            TURKEY: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                200

TABLE 158            TURKEY: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                200

TABLE 159            TURKEY: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            201

TABLE 160            TURKEY: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            201

TABLE 161            REST OF MIDDLE EAST: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            201

TABLE 162            REST OF MIDDLE EAST: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)          201

TABLE 163            REST OF MIDDLE EAST: MARINE BATTERY MARKET, BY SALES,

2020–2023 (USD MILLION)            202

TABLE 164            REST OF MIDDLE EAST: MARINE BATTERY MARKET, BY SALES,

2024–2030 (USD MILLION)            202

TABLE 165            AFRICA: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                202

TABLE 166            AFRICA: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                203

TABLE 167            AFRICA: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            203

TABLE 168            AFRICA: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            203

TABLE 169            LATIN AMERICA: MARINE BATTERY MARKET, BY COUNTRY,

2020–2023 (USD MILLION)            205

TABLE 170            LATIN AMERICA: MARINE BATTERY MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            206

TABLE 171            LATIN AMERICA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2020–2023 (USD MILLION)            206

TABLE 172            LATIN AMERICA: MARINE BATTERY MARKET, BY VESSEL TYPE,

2024–2030 (USD MILLION)            206

TABLE 173            LATIN AMERICA: MARINE BATTERY MARKET, BY SALES,

2020–2023 (USD MILLION)            206

TABLE 174            LATIN AMERICA: MARINE BATTERY MARKET, BY SALES,

2024–2030 (USD MILLION)            206

TABLE 175            LATIN AMERICA: MARINE BATTERY MARKET, BY PROPULSION,

2020–2023 (USD MILLION)            207

TABLE 176            LATIN AMERICA: MARINE BATTERY MARKET, BY PROPULSION,

2024–2030 (USD MILLION)            207

TABLE 177            BRAZIL: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                208

TABLE 178            BRAZIL: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                208

TABLE 179            BRAZIL: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            208

TABLE 180            BRAZIL: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            208

TABLE 181            MEXICO: MARINE BATTERY MARKET, BY VESSEL TYPE, 2020–2023 (USD MILLION)                209

TABLE 182            MEXICO: MARINE BATTERY MARKET, BY VESSEL TYPE, 2024–2030 (USD MILLION)                209

TABLE 183            MEXICO: MARINE BATTERY MARKET, BY SALES, 2020–2023 (USD MILLION)            209

TABLE 184            MEXICO: MARINE BATTERY MARKET, BY SALES, 2024–2030 (USD MILLION)            210

TABLE 185            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024        211

TABLE 186            MARINE BATTERY MARKET: DEGREE OF COMPETITION 214

TABLE 187            MARINE BATTERY MARKET: COMPANY PROPULSION FOOTPRINT           219

TABLE 188            MARINE BATTERY MARKET: COMPANY VESSEL TYPE FOOTPRINT            220

TABLE 189            MARINE BATTERY MARKET: COMPANY FORM FOOTPRINT       221

TABLE 190            MARINE BATTERY MARKET: COMPANY REGION FOOTPRINT       222

TABLE 191            MARINE BATTERY MARKET: LIST OF STARTUPS/SMES              225

TABLE 192            MARINE BATTERY MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES   226

TABLE 193            MARINE BATTERY MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2020–NOVEMBER 2024                 229

TABLE 194            MARINE BATTERY MARKET: DEALS, JANUARY 2020–NOVEMBER 2024    231

TABLE 195            MARINE BATTERY MARKET: OTHER DEVELOPMENTS,

JANUARY 2020–NOVEMBER 2024                 236

TABLE 196            SIEMENS ENERGY: COMPANY OVERVIEW                 240

TABLE 197            SIEMENS ENERGY: PRODUCTS OFFERED                 241

TABLE 198            SIEMENS ENERGY: DEALS             242

TABLE 199            SIEMENS ENERGY: OTHER DEVELOPMENTS                 242

TABLE 200            LECLANCHÉ SA: COMPANY OVERVIEW 244

TABLE 201            LECLANCHÉ SA: PRODUCTS OFFERED  245

TABLE 202            LECLANCHÉ SA: PRODUCT LAUNCHES 246

TABLE 203            LECLANCHÉ SA: DEALS 247

TABLE 204            LECLANCHÉ SA: OTHER DEVELOPMENTS                 247

TABLE 205            CORVUS ENERGY: COMPANY OVERVIEW                 249

TABLE 206            CORVUS ENERGY: PRODUCTS OFFERED                 249

TABLE 207            CORVUS ENERGY: DEALS             250

TABLE 208            CORVUS ENERGY: OTHER DEVELOPMENTS                 251

TABLE 209            TOSHIBA CORPORATION: COMPANY OVERVIEW          254

TABLE 210            TOSHIBA CORPORATION: PRODUCTS OFFERED                 255

TABLE 211            TOSHIBA CORPORATION: DEALS             255

TABLE 212            ENERSYS: COMPANY OVERVIEW               257

TABLE 213            ENERSYS: PRODUCTS OFFERED                258

TABLE 214            ENERSYS: DEALS               259

TABLE 215            ENERSYS: OTHER DEVELOPMENTS         259

TABLE 216            SHIFT: COMPANY OVERVIEW     261

TABLE 217            SHIFT: PRODUCTS OFFERED      261

TABLE 218            SHIFT: DEALS    262

TABLE 219            SAFT: COMPANY OVERVIEW       264

TABLE 220            SAFT: PRODUCTS OFFERED        264

TABLE 221            SAFT: PRODUCT LAUNCHES       265

TABLE 222            SENSATA TECHNOLOGIES, INC.: COMPANY OVERVIEW          266

TABLE 223            SENSATA TECHNOLOGIES, INC.: PRODUCTS OFFERED             266

TABLE 224            SENSATA TECHNOLOGIES, INC.: DEALS                 267

TABLE 225            POWERTECH SYSTEMS: COMPANY OVERVIEW                 268

TABLE 226            POWERTECH SYSTEMS: PRODUCTS OFFERED                 268

TABLE 227            THE FURUKAWA BATTERY CO., LTD.: COMPANY OVERVIEW          269

TABLE 228            THE FURUKAWA BATTERY CO., LTD.: PRODUCTS OFFERED    270

TABLE 229            THE FURUKAWA BATTERY CO., LTD.: DEALS                 270

TABLE 230            EAST PENN MANUFACTURING COMPANY: COMPANY OVERVIEW   271

TABLE 231            EAST PENN MANUFACTURING COMPANY: PRODUCTS OFFERED    271

TABLE 232            EAST PENN MANUFACTURING COMPANY: PRODUCT LAUNCHES   272

TABLE 233            EAST PENN MANUFACTURING COMPANY: DEALS  272

TABLE 234            KOREA SPECIAL BATTERY CO., LTD. (KSB): COMPANY OVERVIEW   273

TABLE 235            KOREA SPECIAL BATTERY CO., LTD. (KSB): PRODUCTS OFFERED    273

TABLE 236            CLARIOS: COMPANY OVERVIEW               275

TABLE 237            CLARIOS: PRODUCTS OFFERED                275

TABLE 238            CLARIOS: PRODUCT LAUNCHES               276

TABLE 239            EXIDE TECHNOLOGIES: COMPANY OVERVIEW                 277

TABLE 240            EXIDE TECHNOLOGIES: PRODUCTS OFFERED                 277

TABLE 241            EXIDE TECHNOLOGIES: PRODUCT LAUNCHES                 278

TABLE 242            SHENZHEN MANLY BATTERY CO., LTD.: COMPANY OVERVIEW   279

TABLE 243            SHENZHEN MANLY BATTERY CO., LTD.: PRODUCTS OFFERED    279

TABLE 244            ECHANDIA AB: COMPANY OVERVIEW    280

TABLE 245            FORSEE POWER: COMPANY OVERVIEW 280

TABLE 246            EST-FLOATTECH: COMPANY OVERVIEW                 281

TABLE 247            LITHIUMWERKS: COMPANY OVERVIEW                 281

TABLE 248            LIFELINE: COMPANY OVERVIEW               282

TABLE 249            EVEREXCEED INDUSTRIAL CO., LTD.: COMPANY OVERVIEW   282

TABLE 250            US BATTERY: COMPANY OVERVIEW       283

TABLE 251            SOLAREDGE: COMPANY OVERVIEW        283

TABLE 252            FREUDENBERG E-POWER SYSTEMS: COMPANY OVERVIEW          284

TABLE 253            SONNENSCHEIN: COMPANY OVERVIEW                 284

TABLE 254            MARINE BATTERY MARKET: LAUNDRY LIST OF MAPPED COMPANIES    287

LIST OF FIGURES

FIGURE 1              REPORT PROCESS FLOW              33

FIGURE 2              RESEARCH DESIGN         34

FIGURE 3              BREAKDOWN OF PRIMARY INTERVIEWS                 37

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH              39

FIGURE 5              TOP-DOWN APPROACH                39

FIGURE 6              DATA TRIANGULATION                40

FIGURE 7              COMMERCIAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       43

FIGURE 8              LITHIUM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD          44

FIGURE 9              PRISMATIC SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD    44

FIGURE 10            151–745 KW SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       45

FIGURE 11            LIQUID/GEL-BASED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    45

FIGURE 12            EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024   46

FIGURE 13            INCREASING TECHNOLOGICAL ADVANCEMENTS TO DRIVE DEMAND FOR MARINE BATTERIES                 47

FIGURE 14            COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2024                47

FIGURE 15            LITHIUM SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD     48

FIGURE 16            STARTING BATTERIES SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD          48

FIGURE 17            AFTERMARKET SEGMENT TO ACCOUNT FOR DOMINANT SHARE DURING FORECAST PERIOD               49

FIGURE 18            CONVENTIONAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       49

FIGURE 19            > 250 AH SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         50

FIGURE 20            PRISMATIC SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD    50

FIGURE 21            LIQUID/GEL-BASED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    51

FIGURE 22            151-745 KW SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 51

FIGURE 23            SAUDI ARABIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD    52

FIGURE 24            MARINE BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES         53

FIGURE 25            DEVELOPMENT STAGES OF PORT AND BUNKER PROJECTS, BY FUEL TYPE, 2023  60

FIGURE 26            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   64

FIGURE 27            VALUE CHAIN ANALYSIS               65

FIGURE 28            ECOSYSTEM ANALYSIS  66

FIGURE 29            GLOBAL AVERAGE BATTERY PRICING AND AVERAGE BATTERY PRICING FOR MARINE APPLICATIONS, 2020–2023 (USD)                70

FIGURE 30            GLOBAL AVERAGE BATTERY PRICING FORECAST AND AVERAGE BATTERY PRICING FORECAST FOR MARINE APPLICATIONS, 2024–2030 (USD)             70

FIGURE 31            LITHIUM-ION PRICING FOR NMC AND PHOSPHATE TYPES,

2020–2023 (USD MILLION)            71

FIGURE 32            LITHIUM-ION PRICING FORECAST FOR NMC AND PHOSPHATE TYPES,

2024–2030 (USD MILLION)            72

FIGURE 33            INVESTMENT AND FUNDING SCENARIO, 2020–2024 (USD MILLION)       73

FIGURE 34            IMPORT DATA FOR HS CODE 8901 VESSELS, BY COUNTRY,

2019–2023 (USD THOUSAND)      76

FIGURE 35            EXPORT DATA FOR HS CODE 8901 VESSELS, 2019–2023 (USD THOUSAND)      78

FIGURE 36            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY KEY VESSEL TYPES               81

FIGURE 37            KEY BUYING CRITERIA, BY VESSEL TYPE                 82

FIGURE 38            IMPACT OF AI ON MARINE VESSEL FUNCTIONING 89

FIGURE 39            TCO OF MARINE BATTERIES THROUGHOUT THEIR LIFECYCLE            91

FIGURE 40            TCO COMPARISON OF MARINE BATTERIES, BY VESSEL TYPE     91

FIGURE 41            MARINE BATTERY MARKET: BUSINESS MODELS                 93

FIGURE 42            BILL OF MATERIALS ANALYSIS FOR MARINE BATTERY COMPONENTS              95

FIGURE 43            BILL OF MATERIALS ANALYSIS FOR LITHIUM-ION MARINE BATTERIES               96

FIGURE 44            BILL OF MATERIALS ANALYSIS FOR LEAD-ACID BATTERIES         97

FIGURE 45            EVOLUTION OF KEY TECHNOLOGIES    98

FIGURE 46            TECHNOLOGY ROADMAP FOR MARINE BATTERY MARKET          99

FIGURE 47            BATTERY PACKING FORM            100

FIGURE 48            SOLID-STATE BATTERY PACKING            101

FIGURE 49            SUPPLY CHAIN ANALYSIS             108

FIGURE 50            LIST OF MAJOR PATENTS GRANTED IN MARINE BATTERY MARKET, 2013–2023     109

FIGURE 51            POWER CONSUMPTION FOR PASSENGER VESSELS               114

FIGURE 52            POWER CONSUMPTION FOR CARGO AND OTHER COMMERCIAL VESSELS 115

FIGURE 53            CAPACITY VS. POWER FOR DIFFERENT VESSEL TYPES   115

FIGURE 54            STARTING BATTERIES SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD          121

FIGURE 55            151–745 KW SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING

FORECAST PERIOD         124

FIGURE 56            > 250 AH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD          128

FIGURE 57            SOLID-STATE SEGMENT TO HAVE HIGHER CAGR DURING FORECAST PERIOD          131

FIGURE 58            PRISMATIC SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD    134

FIGURE 59            FULLY ELECTRIC SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD      137

FIGURE 60            OEMS SEGMENT TO REGISTER HIGHER CAGR THAN AFTERMARKET SEGMENT DURING FORECAST PERIOD                 141

FIGURE 61            LITHIUM SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         144

FIGURE 62            UNMANNED MARITIME VEHICLES SEGMENT TO ACHIEVE HIGHEST CAGR DURING FORECAST PERIOD                 148

FIGURE 63            MARINE BATTERY MARKET: REGIONAL SNAPSHOT          162

FIGURE 64            NORTH AMERICA: MARINE BATTERY MARKET SNAPSHOT          164

FIGURE 65            EUROPE: MARINE BATTERY MARKET SNAPSHOT          172

FIGURE 66            ASIA PACIFIC: MARINE BATTERY MARKET SNAPSHOT          184

FIGURE 67            MIDDLE EAST & AFRICA: MARINE BATTERY MARKET SNAPSHOT       194

FIGURE 68            LATIN AMERICA: MARINE BATTERY MARKET SNAPSHOT          205

FIGURE 69            REVENUE ANALYSIS OF TOP 5 PLAYERS, 2019–2023 (USD MILLION)       213

FIGURE 70            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023        214

FIGURE 71            MARINE BATTERY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023         217

FIGURE 72            MARINE BATTERY MARKET: COMPANY FOOTPRINT       218

FIGURE 73            MARINE BATTERY MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2023                224

FIGURE 74            EV/EBIDTA OF PROMINENT MARKET PLAYERS                 227

FIGURE 75            COMPANY VALUATION OF PROMINENT MARKET PLAYERS           227

FIGURE 76            BRAND/PRODUCT COMPARISON             228

FIGURE 77            SIEMENS ENERGY: COMPANY SNAPSHOT                 241

FIGURE 78            LECLANCHÉ SA: COMPANY SNAPSHOT 245

FIGURE 79            TOSHIBA CORPORATION: COMPANY SNAPSHOT          254

FIGURE 80            ENERSYS: COMPANY SNAPSHOT               258

FIGURE 81            THE FURUKAWA BATTERY CO., LTD.: COMPANY SNAPSHOT          269