A battery is a device containing one or more cells that convert chemical energy directly into electrical energy. The primary electrical system in a vessel incorporates one or more batteries. These batteries power up the electrical system and start the auxiliary power unit and/or the engines. Internal lead plates in marine batteries are thicker than those in car batteries. This enables them to discharge energy over a longer time span. The marine battery market size is projected to grow from USD 527 Million in 2022 to USD 2,056 Million by 2030, at a CAGR of 18.6 % from 2022 to 2030. The rise in global sea-borne trade and increasing number of hybrid and fully electric maritime vessels will drive the market for marine batteries.
Onboard ship batteries can perform a variety of functions. While batteries can fully power a vessel for a limited distance or duration, enhancing overall vessel performance and energy efficiency is frequently the primary goal. Distinct ships have different operational profiles, and batteries must respond to unique energy and power demands while also considering the batterys desired/expected life cycle. Marine battery manufacturers and ship operators are focusing on the development of battery management systems to include predictive failure evaluation, charging/discharging, and state-of-charge monitoring based on machine learning concepts. This is aimed at reducing the battery life cycle cost in future.
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Major players operating in the marine battery market include Corvus Energy (Norway), Leclanché S.A. (Switzerland), Siemens AG (Germany), Saft SA (France) and Shift Clean Energy (Canada). Contracts, partnerships, agreements, new product & service launches, mergers, and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the marine battery market.
Corvus Energy is a renewable energy firm that designs and manufactures energy storage solutions for maritime, offshore, subsea, and port applications. Corvus Energy delivers large-scale energy storage systems (ESS) based on modern lithium-ion battery systems for a variety of demanding maritime and transportation applications which includes the Corvus Orca, Corvus Dolphin, Corvus Moray, and Corvus Blue Whale. The company is also collaborating with Toyota to build large-scale, maritime-certified hydrogen fuel cell systems.
Leclanché SA creates customised and scalable energy storage solutions for power production and transmission, public transit, heavy industrial machinery, and speciality battery systems. It operates in the following areas: Stationary Business Unit, E-Transportation Business Unit, and Specialty Battery Business Unit. Its core competency is focused on development of battery electrochemistry and energy management software technology. Battery systems for hybrid and electric maritime vessels, as well as battery energy storage systems for quick charging port solutions, are developed by the company. The companys headquarters are in Vaud, Switzerland, and it was established in 1909.
Siemens AG is a technology company that specialises in automation and digitalization in the process and manufacturing industries, building infrastructure and energy systems, rail transportation solutions, and medical technology and digital healthcare services. Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services are its business segments. The Mobility section encompasses all of Siemens passenger and freight transportation activities. The corporation was established on October 12, 1847, and its headquarters are in Munich, Germany.
Saft is a global supplier of batteries and systems with critical safety applications, back-up power, and propulsion. It provides safe, innovative, and reliable technology for applications on land, at sea, and in space. Saft is a wholly owned subsidiary of TotalEnergies (France). It operates mainly through five business segments: Connected Energy, Mobility, Industrial Standby, Space & Defense, and Energy Storage Systems.
Shift Clean Energy
Shift Clean Energy offers energy storage technologies that can be used to optimize or replace diesel in maritime, grid, and heavy industrial applications. Shift Clean Energy batteries are specifically intended for marine and industrial applications, where safety, dependability, and cost are critical features of a battery system. Battery systems from Shift Clean Energy are used to power hybrid and all-electric ferries, offshore supply vessels, big hybrid yachts, industrial machines, and land-based grid energy projects.
Marine Battery Market by Ship Type (Commercial, Defense, Unmanned), Sales Channel (OEM, Aftermarket), Battery Function, Nominal Capacity, Propulsion Type, Ship Power, Battery Design, Battery Type, Energy Density and Region - Global Forecast to 2030
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