[232 Pages Report] The marine battery market is estimated to be USD 250 million in 2020 and is projected to reach USD 812 million by 2025, at a CAGR of 48.1% from 2020 to 2025. The implementation of the sulfur 2020 rule and growing maritime tourism industry are among the major factors driving the marine battery market.
By propulsion type, the fully electric segment is anticipated to witness the highest CAGR during the forecast period. Fully electric-driven ships have a positive effect on the environment as the inclusion of high energy storage in batteries and optimized power control can reduce fuel consumption, maintenance, and emissions. The growth of the fully electric segment can be attributed to the increasing demand for fully electric small and medium passenger and cargo ships. Several manufacturers are jointly investing in the manufacturing of ships adhering to the IMO 2020 rule.
By battery function, the dual-purpose batteries segment is expected to witness the highest growth rate during the forecast period. Marine dual-purpose batteries combine the performance of starting batteries and deep-cycle batteries. They are majorly used by ships that have space for two or more batteries. These batteries are equipped with active lead paste chemistry, which helps them in tolerating deep discharges that the starting batteries could not normally tolerate.
The marine battery market is expected to witness substantial growth in Europe during the forecast period. The growth of the shipbuilding industry in Europe is one of the most significant factors contributing to the demand for ships with hybrid propulsion in the region. Increasing investments in the electrification of ships and the restructuring efforts undertaken by ship manufacturing companies are additional factors driving the growth of the marine battery market in Europe.
The key players in the marine battery market include Corvus Energy (Canada), Akasol AG (Germany), EST-Floattech (Netherlands), Siemens (Germany), Spear Power Systems (US), Echandia Marine (Sweden), Sterling PBES Energy Solutions (Canada), Furukawa Battery Solutions (Japan), Lithium Werks (Netherlands), Exide Technologies (US), Craftsman Marine (Netherlands), PowerTech Systems (France), Kokam Co. Ltd. (South Korea), Toshiba Corporation (Japan), XALT Energy (US), EverExceed Industrial Co. Ltd. (China), U.S. Battery (US), Lifeline Batteries (US), Saft (France), Forsee Power (France), and Leclanchι (Switzerland).
Report Metric |
Details |
Market Size Available for Years |
20182025, 20252030 |
Base Year Considered |
2019 |
Forecast Period |
20202025, 20252030 |
Forecast Units |
Value (USD Million) |
Segments Covered |
Battery Type, Propulsion Type, Sales Channel, Application, Nominal Capacity, Ship Range, Ship Power, Battery Function, Battery Design, and Region |
Geographies Covered |
North America, Asia Pacific, Europe, and Rest of the World |
Companies Covered |
Corvus Energy (Canada), Akasol AG (Germany), EST-Floattech (Netherlands), Siemens (Germany), Spear Power Systems (US), Echandia Marine (Sweden), Sterling PBES Energy Solutions (Canada), Furukawa Battery Solutions (Japan), Lithium Werks (Netherlands), Exide Technologies (US), Craftsman Marine (Netherlands), PowerTech Systems (France), Kokam Co. Ltd. (South Korea), Toshiba Corporation (Japan), XALT Energy (US), EverExceed Industrial Co. Ltd. (China), U.S. Battery (US), Lifeline Batteries (US), Saft (France), Forsee Power (France) and Leclanchι (Switzerland). |
This research report categorizes the marine battery market based on battery type, propulsion type, sales channel, application, nominal capacity, ship range, ship power, battery function, battery design, and region
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 36)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARINE BATTERY MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY & PRICING
1.5 USD EXCHANGE RATES
1.6 LIMITATIONS
1.7 MARKET STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 40)
2.1 RESEARCH DATA
FIGURE 2 REPORT PROCESS FLOW
FIGURE 3 MARINE BATTERY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION
2.2 MARKET DEFINITION & SCOPE
2.2.1 SEGMENT DEFINITIONS
2.2.1.1 Marine battery market, by sales channel
2.2.1.2 Marine battery market, by battery type
2.2.1.3 Marine battery market, by propulsion type
2.2.1.4 Marine battery market, by nominal capacity
2.2.1.5 Marine battery market, by ship power
2.2.1.6 Marine battery market, by ship range
2.2.1.7 Marine battery market, by application
2.2.1.8 Marine battery market, by battery design
2.2.1.9 Marine battery market, by battery function
2.2.2 EXCLUSIONS
2.3 MARKET SIZE ESTIMATION & METHODOLOGY
2.3.1 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION: MARINE BATTERY MARKET
2.5 MARKET SIZING & FORECASTING
FIGURE 8 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 51)
FIGURE 9 BY PROPULSION TYPE, CONVENTIONAL SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET FROM 2020 TO 2030
FIGURE 10 BY BATTERY TYPE, LITHIUM SEGMENT PROJECTED TO DOMINATE MARINE BATTERY MARKET FROM 2020 TO 2030
FIGURE 11 BY SALES CHANNEL, AFTERMARKET SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD
FIGURE 12 BY REGION, EUROPE TO LEAD ELECTRIC SHIPS MARKET FROM 2020 TO 2030
4 PREMIUM INSIGHTS (Page No. - 54)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MARINE BATTERY MARKET
FIGURE 13 IMPLEMENTATION OF SULFUR 2020 RULE AND DEVELOPMENT OF LITHIUM-ION BATTERIES ARE MAJOR FACTORS DRIVING MARINE BATTERY MARKET
4.2 MARINE BATTERY MARKET, BY SHIP RANGE
FIGURE 14 <50 KM SEGMENT TO LEAD MARINE BATTERY MARKET FROM 2020 TO 2030
4.3 MARINE BATTERY MARKET, BY APPLICATION
FIGURE 15 COMMERCIAL SEGMENT TO DOMINATE MARINE BATTERY MARKET DURING FORECAST PERIOD
4.4 MARINE BATTERY MARKET, BY SHIP POWER
FIGURE 16 150745 KW SEGMENT TO LEAD MARINE BATTERY MARKET FROM 2020 TO 2030
4.5 MARINE BATTERY MARKET, BY REGION
FIGURE 17 EUROPE ESTIMATE TO ACCOUNT FOR LARGEST SHARE OF MARINE BATTERY MARKET IN 2020
5 MARKET OVERVIEW (Page No. - 57)
5.1 INTRODUCTION
5.1.1 ROADMAP OF MARINE ELECTRIFICATION
TABLE 1 MILESTONES OF THE IMPLEMENTATION PLAN FOR ELECTRIFICATION IN MARINE TRANSPORT (202520352050)
5.2 MARKET DYNAMICS
FIGURE 18 MARINE BATTERY MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, & CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Implementation of sulfur 2020 rule
TABLE 2 SULFUR CONTENT REGULATIONS IN BUNKER FUEL
5.2.1.2 Rise in conversion of propulsion systems in passenger vessels
5.2.1.3 Increase in seaborne trade across the globe
FIGURE 19 GLOBAL SEABORNE TRADE, BY QUANTITY TRADED, 20062017 (PRE-COVID-19)
5.2.1.4 Growing maritime tourism industry
FIGURE 20 INCREASE IN NUMBER OF CRUISE PASSENGERS IN EUROPE, 20072016
FIGURE 21 GLOBAL CRUISE INDUSTRY SHARE, BY REGION, 2016 (%)
5.2.1.5 Development of lithium batteries
FIGURE 22 MOST COMMON LITHIUM-ION BATTERIES WITH KEY FEATURES
TABLE 3 CURRENT BATTERY CAPACITY AND REQUIREMENTS OF SOME SHIPS
5.2.2 RESTRAINTS
5.2.2.1 Long downtime during retrofitting of ships resulting in revenue loss
5.2.2.2 Limited range and capacity of fully electric ships
FIGURE 23 AVERAGE SHIP SIZE BY DEADWEIGHT TONNAGE (DWT)
5.2.3 OPPORTUNITIES
5.2.3.1 Potential for marine battery manufacturers to develop high power batteries
FIGURE 24 RELATIVE FEASIBILITY OF DIFFERENT ENERGY STORAGE TECHNOLOGIES
5.2.3.2 Potential for battery charging via renewable energy sources
5.2.3.3 Hybrid propulsion technology for large ships
5.2.4 CHALLENGES
5.2.4.1 Inadequate charging infrastructure
5.2.4.2 High initial capital expenditure
TABLE 4 CAPITAL EXPENDITURE AND ANNUAL SAVINGS
TABLE 5 CAPITAL EXPENDITURE AND PAYBACK
TABLE 6 CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK
6 INDUSTRY TRENDS (Page No. - 69)
6.1 INTRODUCTION
6.2 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY
FIGURE 25 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY
6.3 PHASING OF MARINE PROPULSION TECHNOLOGIES
FIGURE 26 POTENTIAL PHASING OF DIFFERENT PROPULSION TECHNOLOGIES IN MARINE INDUSTRY
6.4 VALUE CHAIN ANALYSIS
FIGURE 27 BATTERY ENERGY STORAGE SYSTEMS: MAXIMUM VALUE-ADDED DURING MANUFACTURING STAGE
6.5 AVERAGE SELLING PRICE TREND
6.6 CASE STUDY ANALYSIS
6.6.1 ROLLS-ROYCE MARINE 2020
6.6.2 KONGSBERG AND YARA 2020
6.6.3 JAPANESE CONSORTIUM 2025
6.7 TECHNOLOGY ANALYSIS
6.7.1 ELECTRIFICATION OF LEISURE BOATS
6.7.2 POTENTIAL OF HYBRID TECHNOLOGY
6.7.3 FULLY ELECTRIC FERRIES FOR PASSENGER TRANSPORT
6.7.4 SOLAR SAILS
6.7.5 ADVANCED BATTERIES FOR ELECTRIC SHIPS
6.7.6 POTENTIAL OF HYDROGEN AS A ZERO-EMISSION FUEL FOR SHIPPING INDUSTRY
6.8 PATENT ANALYSIS
TABLE 7 INNOVATIONS & PATENT REGISTRATIONS, 20112017
7 MARINE BATTERY MARKET, BY APPLICATION (Page No. - 77)
7.1 INTRODUCTION
FIGURE 28 BY APPLICATION, COMMERCIAL SEGMENT TO DOMINATE MARINE BATTERY MARKET DURING FORECAST PERIOD
TABLE 8 MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
TABLE 9 MARINE BATTERY MARKET VOLUME, BY APPLICATION, 20182030 (UNITS)
7.2 COMMERCIAL
TABLE 10 COMMERCIAL MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 20182030 (USD MILLION)
TABLE 11 COMMERCIAL MARINE BATTERY MARKET VOLUME, BY SHIP TYPE, 20182030 (UNITS)
7.2.1 INLAND VESSELS
TABLE 12 INLAND VESSEL DELIVERIES, 20182030 (UNITS)
TABLE 13 INLAND VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 20182030 (USD MILLION)
TABLE 14 INLAND VESSELS: MARINE BATTERY MARKET VOLUME, BY TYPE, 20182030 (UNITS)
7.2.1.1 Passenger vessels
TABLE 15 INLAND PASSENGER VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 20182030 (USD MILLION)
TABLE 16 INLAND PASSENGER VESSELS: MARINE BATTERY MARKET VOLUME, BY TYPE, 20182030 (UNITS)
7.2.1.1.1 Yachts
7.2.1.1.1.1 Fully electric yachts can use solar power to charge their batteries
7.2.1.1.2 Ferries
7.2.1.1.2.1 Adoption of electric ferries is high in North America and Europe due to changing environmental regulations
7.2.1.1.3 Cruise ships
7.2.1.1.3.1 Adoption of hybrid-electric propulsion technologies for cruise ships to increase in the coming years
7.2.1.2 Cargo vessels
TABLE 17 INLAND CARGO VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 20182030 (USD MILLION)
TABLE 18 INLAND CARGO VESSELS: MARINE BATTERY MARKET VOLUME, BY TYPE, 20182030 (UNITS)
7.2.1.2.1 Inland cargo ships
7.2.1.2.1.1 High market potential for inland cargo ships
7.2.1.2.2 Inland tankers
7.2.1.2.2.1 Lithium-ion battery-based fully electric shipping tanker designed by Japanese companies
7.2.1.2.3 Dry cargo carriers
7.2.1.2.3.1 Rise in demand for new dry cargo carriers to handle increasing cargo volume will increase the demand for battery propulsion
7.2.1.2.4 Barges
7.2.1.2.4.1 More manufacturers are looking forward to developing battery-driven barges for emission-free sailing
7.2.1.3 Other inland vessels
TABLE 19 OTHER INLAND VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 20182030 (USD MILLION)
TABLE 20 OTHER INLAND VESSELS: MARINE BATTERY MARKET VOLUME, BY TYPE, 20182030 (UNITS)
7.2.1.3.1 Fishing vessels
7.2.1.3.1.1 Fuel consumption of fully electric fishing vessel has been reduced by 80% as compared to other fishing vessels
7.2.1.3.2 Tugs & workboats
7.2.1.3.2.1 Electrification of tugs & workboats will help significantly reduce emissions at ports
7.2.1.3.3 Research vessels
7.2.1.3.3.1 The market for retrofitting research vessels is larger than that of newbuilds at present
7.2.1.3.4 Submarines
7.2.1.3.4.1 Fully electric submarines are useful for underwater exploration as there is minimal vibration from the motor
7.2.2 SEAFARING VESSELS
TABLE 21 SEAFARING VESSEL DELIVERIES, 20182030 (UNITS)
TABLE 22 SEAFARING VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 20182030 (USD MILLION)
TABLE 23 SEAFARING VESSELS: MARINE BATTERY MARKET VOLUME, BY TYPE, 20182030 (UNITS)
7.2.2.1 Passenger vessels
7.2.2.1.1 Cruise ships
7.2.2.1.1.1 Adoption of hybrid-electric propulsion technologies for cruise ships to increase in the coming years
7.2.2.2 Cargo vessels
TABLE 24 SEAFARING CARGO VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 20182030 (USD MILLION)
TABLE 25 SEAFARING CARGO VESSELS: MARINE BATTERY MARKET VOLUME, BY TYPE, 20182030 (UNITS)
7.2.2.2.1 Container vessels
7.2.2.2.1.1 Electrification of container ships will happen first, gradually followed by larger container ships
7.2.2.2.2 Bulk carriers
7.2.2.2.2.1 Bulk carriers can only be fitted with hybrid-electric propulsion systems due to constraints faced by pure battery systems
7.2.2.2.3 Tankers
7.2.2.2.3.1 Japanese companies designed a domestic fully electric shipping tanker that uses lithium-ion batteries
7.2.2.2.4 General cargo vessels
7.2.2.2.4.1 Batteries installed on cargo vessels can sustain them to sail in and out of harbors for approximately 30 minutes, after which the vessels will switch to a diesel engine
7.2.3 OTHER SEAFARING VESSELS
TABLE 26 OTHER SEAFARING VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE, 20182030 (USD MILLION)
TABLE 27 OTHER SEAFARING VESSELS: MARINE BATTERY MARKET VOLUME, BY TYPE, 20182030 (UNITS)
7.2.3.1 Fishing vessels
7.2.3.1.1 Fuel consumption on electric fishing vessels can be reduced by 80% as compared to other fishing vessels by using battery-driven propulsion system
7.2.3.2 Research vessels
7.2.3.2.1 The market for retrofitting research vessels is larger than that of newbuilds at present
7.2.3.3 Submarines
7.2.3.3.1 Fully electric submarines are useful for underwater exploration as there is minimal vibration from the motors
7.3 DEFENSE
TABLE 28 DEFENSE SHIP DELIVERIES, 20182030 (UNITS)
TABLE 29 DEFENSE MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 20182030 (USD MILLION)
TABLE 30 DEFENSE MARINE BATTERY MARKET VOLUME, BY SHIP TYPE, 20182030 (UNITS)
7.3.1 DESTROYERS
7.3.1.1 Defense forces of countries like the US, the UK, and India are focusing on integrating electric propulsive destroyers to their fleet to gain high operational efficiency
7.3.2 FRIGATES
7.3.2.1 Naval forces of countries like India are planning to install hybrid propulsion systems for frigates
7.3.3 CORVETTES
7.3.3.1 Defense forces of countries such as South Korea are ordering all-electric propulsion corvettes
7.3.4 AMPHIBIOUS SHIPS
7.3.4.1 Naval forces across the globe are considering the possibility of using amphibious ships with hybrid propulsion
7.3.5 OFFSHORE SUPPORT VESSELS (OSVS)
7.3.5.1 Offshore Support Vessels (OSVs) are available in hybrid and electric propulsion setups
7.3.6 SUBMARINES
7.3.6.1 Countries such as the US, France, and India are currently using or developing electric propulsion systems for their fleet of submarines
8 MARINE BATTERY MARKET, BY BATTERY DESIGN (Page No. - 94)
8.1 INTRODUCTION
FIGURE 29 FLOW BATTERIES SEGMENT TO REGISTER HIGHER CAGR THAN SOLID-STATE BATTERIES SEGMENT DURING FORECAST PERIOD
TABLE 31 MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN, 20182030 (USD MILLION)
TABLE 32 MARINE BATTERY MARKET VOLUME, BY BATTERY DESIGN, 20182030 (UNITS)
8.2 SOLID-STATE BATTERIES
8.2.1 DEMAND FOR GREATER ENERGY DENSITY IS ANTICIPATED TO DRIVE THE MARKET FOR SOLID-STATE BATTERIES
8.3 FLOW BATTERIES
8.3.1 DEMAND FOR SAFER BATTERY SERVICE IS ANTICIPATED TO DRIVE THE MARKET FOR FLOW BATTERIES
9 MARINE BATTERY MARKET, BY BATTERY FUNCTION (Page No. - 97)
9.1 INTRODUCTION
FIGURE 30 DUAL-PURPOSE BATTERIES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 33 MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 20182030 (USD MILLION)
TABLE 34 MARINE BATTERY MARKET VOLUME, BY BATTERY FUNCTION, 20182030 (UNITS)
9.2 STARTING BATTERIES
9.2.1 DEMAND FOR QUICK AND POWERFUL SPURT OF ENERGY TO START SHIP ENGINES TO DRIVE THE MARKET FOR STARTING BATTERIES
9.3 DEEP-CYCLE BATTERIES
9.3.1 DEMAND FOR RECOVERING FULLY AFTER HEAVY DISCHARGE WILL FUEL THE MARKET FOR DEEP-CYCLE BATTERIES
9.4 DUAL-PURPOSE BATTERIES
9.4.1 RISE IN SMALL SIZED VESSELS ACROSS THE GLOBE WILL LEAD TO INCREASED DEMAND FOR DUAL-PURPOSE BATTERIES
10 MARINE BATTERY MARKET, BY BATTERY TYPE (Page No. - 100)
10.1 INTRODUCTION
FIGURE 31 FUEL CELL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 35 MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 36 MARINE BATTERY MARKET VOLUME, BY BATTERY TYPE, 20182030 (UNITS)
10.2 LITHIUM
10.2.1 CURRENTLY, HYBRID AND FULLY ELECTRIC VESSELS RELY ON LITHIUM BATTERIES AS A PRIME POWER SOURCE
10.3 LEAD-ACID BATTERY
10.3.1 LEAD-ACID BATTERIES ARE PREFERRED IN MARINE VESSELS AS THEY ARE DURABLE, EASILY RECYCLABLE, COST-EFFECTIVE, AND ENABLE SIMPLE CHARGING
10.3.2 FLOODED
10.3.3 GEL
10.3.4 AGM
TABLE 37 LEAD-ACID BATTERY MARKET SIZE, BY TYPE, 20182030 (USD MILLION)
TABLE 38 LEAD-ACID BATTERY MARKET VOLUME, BY TYPE, 20182030 (UNITS)
10.4 FUEL CELL
10.4.1 FUEL CELL IS AN ALTERNATIVE TECHNOLOGY OF LITHIUM-ION AND LEAD-ACID BATTERIES THAT CAN HELP IN CUTTING DOWN CARBON EMISSIONS, ESPECIALLY IN COMPARISON TO TRADITIONAL DIESEL-DRIVEN PROPULSION SYSTEMS
TABLE 39 ONGOING FUEL CELL PROJECTS IN SHIPPING INDUSTRY
10.4.2 HYDROGEN-BASED
10.4.3 AMMONIA-BASED
10.4.4 OXIDE-BASED
10.4.5 CARBON-BASED
TABLE 40 FUEL CELL BATTERY MARKET SIZE, BY TYPE, 20182030 (USD MILLION)
TABLE 41 FUEL CELL BATTERY MARKET VOLUME, BY TYPE, 20182030 (UNITS)
11 MARINE BATTERY MARKET, BY NOMINAL CAPACITY (Page No. - 107)
11.1 INTRODUCTION
FIGURE 32 > 250 AH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 42 MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY, 20182030 (USD MILLION)
TABLE 43 MARINE BATTERY MARKET VOLUME, BY NOMINAL CAPACITY, 20182030 (UNITS)
11.2 <100 AH
11.2.1 INLAND FERRIES ADOPT BATTERIES WITH NOMINAL CAPACITY OF LESS THAN 100 AH
11.3 100250 AH
11.3.1 DEMAND FOR BATTERIES WITH NOMINAL CAPACITY OF 100250 AH FROM DRY CARGO VESSELS AND BARGES
11.4 >250 AH
11.4.1 RISE IN SEAFARING VESSELS ACROSS THE GLOBE WILL LEAD TO INCREASED DEMAND FOR BATTERIES WITH >250 AH NOMINAL CAPACITY
12 MARINE BATTERY MARKET, BY PROPULSION TYPE (Page No. - 110)
12.1 INTRODUCTION
FIGURE 33 FULLY ELECTRIC SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 44 MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 45 MARINE BATTERY MARKET VOLUME, BY PROPULSION TYPE, 20182030 (UNITS)
12.2 FULLY ELECTRIC
12.2.1 FULLY ELECTRIC-DRIVEN SHIPS HAVE A POSITIVE EFFECT ON THE ENVIRONMENT AS THE INCLUSION OF HIGH ENERGY STORAGE IN BATTERIES AND OPTIMIZED POWER CONTROL CAN REDUCE FUEL CONSUMPTION, MAINTENANCE, AND EMISSIONS
TABLE 46 GLOBAL ALL ELECTRIC SHIPS PROJECTS
TABLE 47 FULLY ELECTRIC PROPULSION MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 48 FULLY ELECTRIC PROPULSION MARKET VOLUME, BY BATTERY TYPE, 20182030 (UNITS)
12.3 HYBRID
12.3.1 DEVELOPMENT OF ADVANCED BATTERY TECHNOLOGY AND HYBRID BATTERY POWER SYSTEMS HAS BECOME A NECESSITY FOR SHIPS FOR POWER GENERATION
FIGURE 34 EXPERT VIEWS ON HYBRID TECHNOLOGY
TABLE 49 HYBRID PROPULSION MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 50 HYBRID PROPULSION MARKET VOLUME, BY BATTERY TYPE, 20182030 (UNITS)
12.4 CONVENTIONAL
12.4.1 MAJOR SHIPOWNERS WITH CONVENTIONAL PROPULSION ARE RETROFITTING THEIR SYSTEMS WITH HYBRID-ELECTRIC PROPULSION TO REDUCE GREENHOUSE EMISSIONS
TABLE 51 CONVENTIONAL PROPULSION MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 52 CONVENTIONAL PROPULSION MARKET VOLUME, BY BATTERY TYPE, 20182030 (UNITS)
12.5 SHIP AUTONOMY, BY PROPULSION TYPE
12.5.1 MANNED SHIP
TABLE 53 MANNED SHIP MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE , 20182030 (USD MILLION)
12.5.2 PARTIALLY AUTONOMOUS SHIP
TABLE 54 PARTIALLY AUTONOMOUS SHIP MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE , 20182030 (USD MILLION)
12.5.3 FULLY AUTONOMOUS SHIP
TABLE 55 FULLY AUTONOMOUS SHIP MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE , 20182030 (USD MILLION)
13 MARINE BATTERY MARKET, BY SALES CHANNEL (Page No. - 118)
13.1 INTRODUCTION
FIGURE 35 AFTERMARKET SEGMENT TO REGISTER HIGHER CAGR THAN OEM SEGMENT DURING FORECAST PERIOD
TABLE 56 MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 57 MARINE BATTERY MARKET VOLUME, BY SALES CHANNEL, 20182030 (UNITS)
13.2 0EM
13.2.1 HIGH DEMAND FOR FULLY ELECTRIC FERRIES IN EUROPE TO DRIVE THE MARKET FOR BATTERIES
13.3 AFTERMARKET
13.3.1 SHIPOWNERS UPDATE OR RETROFIT EQUIPMENT INSTALLED ON EXISTING VESSELS TO INCREASE EFFICIENCY AND EXTEND DURABILITY
14 MARINE BATTERY MARKET, BY SHIP POWER (Page No. - 122)
14.1 INTRODUCTION
FIGURE 36 BY SHIP POWER, 150745 SEGMENT TO DOMINATE MARINE BATTERY MARKET DURING FORECAST PERIOD
TABLE 58 MARINE BATTERY MARKET SIZE, BY SHIP POWER, 20182030 (USD MILLION)
TABLE 59 MARINE BATTERY MARKET VOLUME, BY SHIP POWER, 20182030 (UNITS)
14.2 <75 KW
14.2.1 DEMAND FOR FULLY ELECTRIC YACHTS IN EUROPE TO DRIVE THE MARINE BATTERY MARKET
14.3 75150 KW
14.3.1 USE OF FULLY ELECTRIC FERRIES FOR TRANSPORT WILL DRIVE THE MARINE BATTERY MARKET
14.4 150745 KW
14.4.1 LARGE RETROFIT POTENTIAL FOR CARGO VESSELS IN THE 150745 KW RANGE
14.5 7407,560 KW
14.5.1 INCREASED INVESTMENT IN HYBRID-ELECTRIC PROPULSION SYSTEMS DRIVE THE MARKET FOR ELECTRIC SHIPS
14.6 >7,560 KW
14.6.1 ADOPTION OF HYBRID-ELECTRIC PROPULSION SYSTEMS IS CHALLENGING IN SHIPS WITH HIGH POWER CAPACITY
15 MARINE BATTERY MARKET, BY SHIP RANGE (Page No. - 126)
15.1 INTRODUCTION
FIGURE 37 50100 KM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 60 MARINE BATTERY MARKET SIZE, BY SHIP RANGE, 20182030 (USD MILLION)
TABLE 61 MARINE BATTERY MARKET VOLUME, BY SHIP RANGE, 20182030 (UNITS)
15.2 <50 KM
15.2.1 ADOPTION OF FULLY ELECTRIC PASSENGER FERRIES AND TUGS DRIVE THE DEMAND FOR ELECTRIC SHIPS
15.3 50100 KM
15.3.1 DEMAND FOR FULLY ELECTRIC CONTAINER SHIPS WILL DRIVE THE DEMAND FOR ELECTRIC PROPULSION
15.4 1001,000 KM
15.4.1 RETROFIT OF CARGO VESSELS TO DRIVE THE MARKET FOR ELECTRIC SHIPS
15.5 >1,000 KM
15.5.1 INCREASED INVESTMENT IN HYBRID-ELECTRIC PROPULSION SYSTEMS WILL BEAR FRUIT AS ADOPTION RATE INCREASES FOR LONG-VOYAGE SHIPS
16 REGIONAL ANALYSIS (Page No. - 130)
16.1 INTRODUCTION
FIGURE 38 EUROPE ESTIMATED TO HOLD LARGEST SHARE OF MARINE BATTERY MARKET IN 2020
TABLE 62 COVID-19 IMPACT (OPTIMISTIC SCENARIO) ON MARINE BATTERY MARKET SIZE, BY REGION, 20182030 (USD MILLION)
TABLE 63 COVID-19 IMPACT (OPTIMISTIC SCENARIO) MARINE BATTERY MARKET VOLUME, BY REGION, 20182030 (UNITS)
TABLE 64 COVID-19 IMPACT (PESSIMISTIC SCENARIO) MARINE BATTERY MARKET SIZE, BY REGION, 20182030 (USD MILLION)
TABLE 65 COVID-19 IMPACT (PESSIMISTIC SCENARIO) MARINE BATTERY MARKET VOLUME, BY REGION, 20182030 (UNITS)
TABLE 66 COVID-19 IMPACT (REALISTIC SCENARIO) MARINE BATTERY MARKET SIZE, BY REGION, 20182030 (USD MILLION)
TABLE 67 COVID-19 IMPACT (REALISTIC SCENARIO) MARINE BATTERY MARKET VOLUME, BY REGION, 20182030 (UNITS)
16.2 NORTH AMERICA
FIGURE 39 NORTH AMERICA MARINE BATTERY MARKET SNAPSHOT
TABLE 68 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 69 NORTH AMERICA: MARINE BATTERY MARKET VOLUME, BY SALES CHANNEL, 20182030 (UNITS)
TABLE 70 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 71 NORTH AMERICA: MARINE BATTERY MARKET VOLUME, BY BATTERY TYPE, 20182030 (UNITS)
TABLE 72 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 73 NORTH AMERICA: MARINE BATTERY MARKET VOLUME, BY PROPULSION TYPE, 20182030 (UNITS)
TABLE 74 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
TABLE 75 NORTH AMERICA: MARINE BATTERY MARKET VOLUME, BY APPLICATION, 20182030 (UNITS)
TABLE 76 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SHIP RANGE, 20182030 (USD MILLION)
TABLE 77 NORTH AMERICA: MARINE BATTERY MARKET VOLUME, BY SHIP RANGE, 20182030 (UNITS)
TABLE 78 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SHIP POWER, 20182030 (USD MILLION)
TABLE 79 NORTH AMERICA: MARINE BATTERY MARKET VOLUME, BY SHIP POWER, 20182030 (UNITS)
TABLE 80 NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY COUNTRY, 20182030 (USD MILLION)
TABLE 81 NORTH AMERICA: MARINE BATTERY MARKET VOLUME, BY COUNTRY, 20182030 (UNITS)
16.2.1 US
16.2.1.1 Growing demand for luxury sailing will increase the adoption of electric boats
TABLE 82 US: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 83 US: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 84 US: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 85 US: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.2.2 CANADA
16.2.2.1 Canadian governments strategic decision to develop its indigenous marine industry to grow the market
TABLE 86 CANADA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 87 CANADA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 88 CANADA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 89 CANADA: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.3 EUROPE
FIGURE 40 EUROPE MARINE BATTERY MARKET SNAPSHOT
TABLE 90 EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 91 EUROPE: MARINE BATTERY MARKET VOLUME, BY SALES CHANNEL, 20182030 (UNITS)
TABLE 92 EUROPE: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 93 EUROPE: MARINE BATTERY MARKET VOLUME, BY BATTERY TYPE, 20182030 (UNITS)
TABLE 94 EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 95 EUROPE: MARINE BATTERY MARKET VOLUME, BY PROPULSION TYPE, 20182030 (UNITS)
TABLE 96 EUROPE: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
TABLE 97 EUROPE MARINE BATTERY MARKET VOLUME, BY APPLICATION, 20182030 (UNITS)
TABLE 98 EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP RANGE, 20182030 (USD MILLION)
TABLE 99 EUROPE: MARINE BATTERY MARKET VOLUME, BY SHIP RANGE, 20182030 (UNITS)
TABLE 100 EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP POWER, 20182030 (USD MILLION)
TABLE 101 EUROPE: MARINE BATTERY MARKET VOLUME, BY SHIP POWER, 20182030 (UNITS)
TABLE 102 EUROPE: MARINE BATTERY MARKET SIZE, BY COUNTRY, 20182030 (USD MILLION)
TABLE 103 EUROPE: MARINE BATTERY MARKET VOLUME, BY COUNTRY, 20182030 (UNITS)
16.3.1 NORWAY
16.3.1.1 Implementation of IMO rule is a major factor driving the adoption of battery propulsion in the shipping industry in Norway
FIGURE 41 CO2 EMISSIONS FROM DOMESTIC SHIPPING IN NORWAY
TABLE 104 NORWAY: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 105 NORWAY: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 106 NORWAY: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 107 NORWAY: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.3.2 SWEDEN
16.3.2.1 Stringent IMO 2020 rule is driving the demand for marine batteries in Sweden
TABLE 108 SWEDEN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 109 SWEDEN: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 110 SWEDEN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 111 SWEDEN: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.3.3 NETHERLANDS
16.3.3.1 Push toward zero-emission ships driving the marine battery market in the Netherlands
TABLE 112 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 113 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 114 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 115 NETHERLANDS: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.3.4 FRANCE
16.3.4.1 Presence of stringent regulations drive the demand for marine batteries in France
TABLE 116 FRANCE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 117 FRANCE: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 118 FRANCE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 119 FRANCE: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.3.5 DENMARK
16.3.5.1 Stringent environmental regulations drive the demand for marine batteries in Denmark
TABLE 120 DENMARK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 121 DENMARK: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 122 DENMARK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 123 DENMARK: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.3.6 UK
16.3.6.1 Rising focus on the adoption of batteries by shipbuilders in the UK
TABLE 124 UK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 125 UK: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 126 UK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 127 UK: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.3.7 FINLAND
16.3.7.1 Major focus on green marine technologies is anticipated to drive the growth of the marine battery market in Finland
TABLE 128 FINLAND: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 129 FINLAND: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 130 FINLAND: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 131 FINLAND: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.3.8 REST OF EUROPE
TABLE 132 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 133 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 134 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 135 REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.4 ASIA PACIFIC
FIGURE 42 ASIA PACIFIC MARINE BATTERY MARKET SNAPSHOT
TABLE 136 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 137 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY SALES CHANNEL, 20182030 (UNITS)
TABLE 138 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 139 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY BATTERY TYPE, 20182030 (UNITS)
TABLE 140 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 141 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY PROPULSION TYPE, 20182030 (UNITS)
TABLE 142 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
TABLE 143 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY APPLICATION, 20182030 (UNITS)
TABLE 144 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SHIP RANGE, 20182030 (USD MILLION)
TABLE 145 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY SHIP RANGE, 20182030 (UNITS)
TABLE 146 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SHIP POWER, 20182030 (USD MILLION)
TABLE 147 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY SHIP POWER, 20182030 (UNITS
TABLE 148 ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY COUNTRY, 20182030 (USD MILLION)
TABLE 149 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY COUNTRY, 20182030 (UNITS)
16.4.1 CHINA
16.4.1.1 Presence of several shipbuilding companies boost the growth of the marine battery market in China
TABLE 150 CHINA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 151 CHINA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 152 CHINA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 153 CHINA: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.4.2 SOUTH KOREA
16.4.2.1 Development of fuel cells for ships propulsion systems the aim toward achieving a hydrogen economy are expected to fuel the marine battery market in South Korea
TABLE 154 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 155 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 156 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 157 SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.4.3 JAPAN
16.4.3.1 Increasing focus on reducing greenhouse gas emissions from international shipping
TABLE 158 JAPAN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 159 JAPAN: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 160 JAPAN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 161 JAPAN: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.4.4 AUSTRALIA
16.4.4.1 A switch from diesel-driven ships to battery propelled ships in Australia to reduce operational costs
TABLE 162 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 163 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 164 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 165 AUSTRALIA: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.4.5 INDIA
16.4.5.1 Demand to reduce carbon emissions
TABLE 166 INDIA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 167 INDIA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 168 INDIA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 169 INDIA: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.4.6 REST OF ASIA PACIFIC
16.4.6.1 Development of electric passenger ferries expected to fuel the demand for marine batteries in Rest of Asia Pacific
TABLE 170 REST OF APAC: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 171 REST OF APAC: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 172 REST OF APAC: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 173 REST OF APAC: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.5 REST OF THE WORLD
TABLE 174 REST OF THE WORLD: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 175 REST OF THE WORLD: MARINE BATTERY MARKET VOLUME, BY SALES CHANNEL, 20182030 (UNITS)
TABLE 176 REST OF THE WORLD: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 177 REST OF THE WORLD: MARINE BATTERY MARKET VOLUME, BY BATTERY TYPE, 20182030 (UNITS)
TABLE 178 REST OF THE WORLD: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 179 REST OF THE WORLD: MARINE BATTERY MARKET VOLUME, BY PROPULSION TYPE, 20182030 (UNITS)
TABLE 180 REST OF THE WORLD: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
TABLE 181 REST OF THE WORLD: MARINE BATTERY MARKET VOLUME, BY APPLICATION, 20182030 (UNITS)
TABLE 182 REST OF THE WORLD: MARINE BATTERY MARKET SIZE, BY SHIP RANGE, 20182030 (USD MILLION)
TABLE 183 REST OF THE WORLD: MARINE BATTERY MARKET VOLUME, BY SHIP RANGE, 20182030 (UNITS)
TABLE 184 REST OF THE WORLD: MARINE BATTERY MARKET SIZE, BY SHIP POWER, 20182030 (USD MILLION)
TABLE 185 REST OF THE WORLD: MARINE BATTERY MARKET VOLUME, BY SHIP POWER, 20182030 (UNITS)
TABLE 186 REST OF THE WORLD: MARINE BATTERY MARKET SIZE, BY REGION, 20182030 (USD MILLION)
TABLE 187 REST OF THE WORLD: MARINE BATTERY MARKET VOLUME, BY REGION, 20182030 (UNITS)
16.5.1 LATIN AMERICA
16.5.1.1 Large fleet size of ships in Latin America encourages the adoption of hybrid propulsion
TABLE 188 LATIN AMERICA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 189 LATIN AMERICA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 190 LATIN AMERICA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 191 LATIN AMERICA: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
16.5.2 MIDDLE EAST & AFRICA
16.5.2.1 Retrofitting of the existing fleet of ships is driving the demand for marine batteries in the Middle East & Africa
TABLE 192 MIDDLE EAST & AFRICA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 20182030 (USD MILLION)
TABLE 193 MIDDLE EAST & AFRICA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 20182030 (USD MILLION)
TABLE 194 MIDDLE EAST & AFRICA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 20182030 (USD MILLION)
TABLE 195 MIDDLE EAST & AFRICA: MARINE BATTERY MARKET SIZE, BY APPLICATION, 20182030 (USD MILLION)
17 COMPETITIVE LANDSCAPE (Page No. - 178)
17.1 INTRODUCTION
FIGURE 43 MARKET EVALUATION FRAMEWORK: 2017 TO 2020 SAW NEW PRODUCT LAUNCHES, EXPANSIONS, CONTRACTS, AND PARTNERSHIPS & AGREEMENTS
17.2 REVENUE & RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020
FIGURE 44 REVENUE & RANKING ANALYSIS OF TOP 6 PLAYERS IN THE MARINE BATTERY MARKET, 2020
17.3 KEY MARKET DEVELOPMENTS
17.3.1 NEW PRODUCT LAUNCHES/INVESTMENTS/CERTIFICATIONS/EXPANSIONS
TABLE 196 NEW PRODUCT LAUNCHES/INVESTMENTS/CERTIFICATIONS/EXPANSIONS, OCTOBER 2016MARCH 2020
17.3.2 CONTRACTS
TABLE 197 CONTRACTS, MARCH 2017 APRIL 2020
17.3.3 PARTNERSHIPS & AGREEMENTS
TABLE 198 PARTNERSHIPS & AGREEMENTS, MARCH 2016APRIL 2020
18 COMPANY EVALUATION AND COMPANY PROFILES (Page No. - 184)
18.1 COMPANY EVALUATION MATRIX
18.1.1 STAR
18.1.2 EMERGING LEADERS
18.1.3 PERVASIVE
18.1.4 EMERGING COMPANIES
FIGURE 45 MARINE BATTERY COMPANY EVALUATION MATRIX, 2020
18.2 COMPANY PROFILES
(Business Overview, Products & Services Offered, Growth Strategies (Organic, Inorganic Strategies), Customers and Application Areas, Unique Value Proposition and Right to Win, and SWOT Analysis)*
18.2.1 CORVUS ENERGY
TABLE 199 CORVUS ENERGY: SWOT ANALYSIS
18.2.2 AKASOL AG
FIGURE 46 AKASOL AG: COMPANY SNAPSHOT
TABLE 200 AKASOL AG: SWOT ANALYSIS
18.2.3 EST-FLOATTECH
TABLE 201 EST-FLOATTECH: SWOT ANALYSIS
18.2.4 SAFT
TABLE 202 SAFT: SWOT ANALYSIS
18.2.5 SIEMENS AG
FIGURE 47 SIEMENS AG: COMPANY SNAPSHOT
TABLE 203 SIEMENS: SWOT ANALYSIS
18.2.6 LECLANCHΙ SA
FIGURE 48 LECLANCHΙ SA: COMPANY SNAPSHOT
18.2.7 SPEAR POWER SYSTEMS, INC.
18.2.8 ECHANDIA MARINE
18.2.9 POWERTECH SYSTEMS
18.2.10 LIFELINE BATTERIES
18.2.11 STERLING PBES ENERGY SOLUTIONS
18.2.12 FURUKAWA BATTERY CO., LTD.
FIGURE 49 FURUKAWA BATTERY CO., LTD.: COMPANY SNAPSHOT
18.2.13 LITHIUM WERKS
18.2.14 EXIDE TECHNOLOGIES
18.2.15 EVEREXCEED INDUSTRIAL CO., LTD.
18.2.16 U.S. BATTERY MFG. CO.
18.2.17 CRAFTSMAN MARINE
18.2.18 KOKAM CO., LTD.
18.2.19 TOSHIBA CORPORATION
FIGURE 50 TOSHIBA CORPORATION: COMPANY SNAPSHOT
18.2.20 XALT ENERGY
18.2.21 FORSEE POWER
*Details on Business Overview, Products & Services Offered, Growth Strategies (Organic, Inorganic Strategies), Customers and Application Areas, Unique Value Proposition and Right to Win, and SWOT Analysis might not be captured in case of unlisted companies.
19 APPENDIX (Page No. - 227)
19.1 DISCUSSION GUIDE
19.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
19.3 AVAILABLE CUSTOMIZATIONS
19.4 RELATED REPORTS
19.5 AUTHOR DETAILS
The study involved four major activities in estimating the current market size for the marine battery market. Exhaustive secondary research was undertaken to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines, were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and marine battery databases.
The marine battery market comprises several stakeholders, such as battery manufacturers, shipbuilders, and regulatory organizations, in the supply chain. The demand side of this market is characterized by various end users, such as commercial and defense ship operators. The supply side is characterized by technological advancements in marine batteries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Both top-down and bottom-up approaches were used to estimate and validate the total size of the marine battery market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following steps:
After arriving at the overall market sizeusing the market size estimation process explained abovethe market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides of the marine battery market in the maritime industry.
Along with the market data, MarketsandMarkets offers customizations according to a companys specific needs.
Benchmarking the rapid strategy shifts of the Top 100 companies in the Marine Battery Market
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Growth opportunities and latent adjacency in Marine Battery Market