Add Zone For You

Create Website Any Type Of Website

User blogs

Tag search results for: "marine battery market by product"
Kavita Krishna

Bharat Book Bureau Provides the Trending Market Research Report on“Global Marine Battery Market Size study, by sales channel (OEM, After market), by propulsion type (Fully Electric, Hybrid, Conventional), by application (Commercial, Defense), by battery type (Lead-acid, Lithium, Fuel Cell) and Regional Forecasts 2020-2027”underConsumer Goods Category. The report offers a collection of superior market research, market analysis competitive intelligence and Market reports.

Global Marine Battery Market is valued approximately USD 178 million in 2019 and is anticipated to grow with a healthy growth rate of more than 21.6 % over the forecast period 2020-2027.

Batteries used for marine applications must endure extreme vibrations and pressures, and so the marine batteries are specially designed to operate in the extreme conditions. In comparison to a general starter battery, the marine battery is designed to store and release power for a much longer period of time. The marine battery is used to back up the safety equipment and to power the trolling motor, as well as various other electronic components and systems.


Request a free sample copy of Marine Battery Market Report @

Marine Battery Market JPG

Growth in seaborne trade globally along with increasing marine tourism industry are prominent factors towards market growth. Also, rising environmental regulations on air and water pollution, manufacturers are focusing on acquiring new technologies to reduce emissions while increasing performance of marine batteries. The key players of global marine battery market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, Akasol AG announced plans to open a manufacturing facility in the US in June 2019. This project is in response to demand from major foreign manufacturers for the company's high energy battery modules. Similarly, in 2019, EST-Floattech obtained a contract from Netherlands based Bijlsma Wartena to provide 1,050 Green Orca batteries with an energy capacity of more than 2,5 MWh of Lithium-ion Polymer NMC battery fuel. This contract is likely to help enhance the company 's position on the marine battery market. However, limited range and capacity of fully electric ships impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Marine Battery market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing demand for powerboats for leisure activities in the region. Whereas, Europe is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing investments in the electrification of ships and the restructuring efforts undertaken by ship manufacturing companies would create lucrative growth prospects for the Marine Battery market across Europe region.

Major market player included in this report are:
Toshiba Corporation
Corvus Energy
Akasol AG
Siemens AG
Spear Power Systems (US)
Echandia MarineAB
Sterling PBES Energy Solutions
The Furukawa Battery Co.Ltd
Lithium Werks B.V

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By sales channel:
By propulsion type:
Fully Electric
By application
By battery type
Fuel Cell
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Marine Battery Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers


Browse our full report with Table of Content:

About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Data bases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.

Contact us at:
Bharat Book Bureau

Tel: +91 22 27810772 / 27810773

Show Your Work Here .Whatsapp 9301837771

Alexa Global Rank 99000

google ranking checker website hit counter