Global Marine Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Marine Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Marine Battery refers to batteries specially designed for use in electric cruise ships, electric official ships, electric cargo ships and other ships. This research report divides products into Lithium-Ion, Nickel Cadmium, Sodium Type, Lead-Acid Battery according to different types of batteries. Electric ships have the advantages of low energy consumption, zero pollution, and low cost. Marine Battery has been widely used in defense, commercial fields.

Market Overview:

The latest research study on the global Marine Battery market finds that the global Marine Battery market reached a value of USD 578.51 million in 2022. It’s expected that the market will achieve USD 4409.88 million by 2028, exhibiting a CAGR of 40.29% during the forecast period.

Market Challenges and Impact

For the Marine Battery industry, its technical barriers pose a threat to new entrants. First of all, Marine Battery's positive electrode, negative electrode, separator and other materials are capital-intensive and technology-intensive industries. Take the negative electrode material as an example. Although the basic chemical principles for the production of anode materials for various types of batteries have been determined, major battery manufacturers often form their own unique technical routes with cooperating anode manufacturers. From the selection of raw materials, the proportion of various materials, the application of auxiliary materials and the setting of production processes, many years of technology and experience in the industry are required. The product production technology is complex, the process control is strict, the research and development is difficult, the cycle is long, and there are high technical barriers.

Secondly, the injection process of Marine Battery needs to be carried out in a dust-free environment. Other links have relatively high requirements on the production environment, and enterprises need to have good production technology and workshops. Companies new to the industry often find it difficult to achieve high manufacturing standards in a short period of time. At the same time, the Marine Battery industry has a high degree of technical integration, involving materials, electronic circuits, chemistry and other disciplines, which constitutes a high technical barrier to new entrants in the industry.

Because downstream manufacturers have higher requirements for security and consistency, suppliers will be very careful in their selection. Downstream customers need to give a comprehensive evaluation and certification of Marine Batter suppliers' R&D design level, production equipment, technological process, management capability, product quality, product technical parameters and overall product quality control system. From sample testing, on-site inspection, trial, small-scale procurement to bulk supply, the cycle is as long as 6-24 months. Therefore, most downstream customers will not easily change Marine Batter suppliers. The market channels of Marine Batter manufacturers that have entered the mainstream supplier system are relatively stable. New entrants cannot acquire target customers in a short period of time.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The Corvus Energy is one of the major players operating in the Marine Battery market, holding a share of 28.80% in 2022.

Corvus Energy is a leading global provider of safe, innovative and reliable zero-emission solutions for all sectors of the maritime industry. Corvus Energy deploys large-scale energy storage systems (ESS) using advanced lithium-ion battery systems proven to be economical, safe and reliable in a range of challenging marine and transportation applications. As a leading supplier of battery systems for hybrid and electric commercial vessels such as ferries, cruise ships, offshore supply vessels and tugboats, Corvus Energy has won several environmental awards and is the only company to receive DNV, Lloyd's Register, ABS and BV Product type certification. Corvus Energy systems are also used in hybrid harbour cranes, electric light rail vehicles, hybrid trains, commercial vehicles and a growing range of applications that require superior battery performance.

EST-Floattech is a Dutch energy technology company developing and delivering energy storage solutions for offshore and onshore applications. From EST-Floattech's headquarters and production center in Bad Hovedorp (The Netherlands) as well as sales offices in Germany and Norway, EST-Floattech serves customers worldwide. With a track record of over 200 projects, EST-Floattech is one of the world's strongest suppliers of offshore battery power.

EST-Floattech is a supplier of energy systems, navigation and communication equipment, computer networking, data link and multimedia products, and CCTV for super yachts established in 2004 Floattech and ES specializing in the design and supply of active battery management systems The merger of Technologies was created in 2009.

Segmentation Overview:

Among different product types, Lithium-Ion segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Marine Battery market covered in Chapter 3:

Power Tech System
Siemens
Spear Power Systems
XALT Energy
Akasol AG
Echandia Marine
Saft
Forsee power
EST-Floattech
Toshiba Corporation
The Corvus Energy
Furukawa Battery Solutions
Kokam Co. Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Marine Battery market from 2018 to 2029 is primarily split into:

Lithium-Ion
Nickel Cadmium
Sodium Type
Lead-Acid Battery

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Marine Battery market from 2018 to 2029 covers:

Defence
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)