Global Marine Battery Market Insights, Forecast to 2028

Global Marine Battery Market Insights, Forecast to 2028
Market Analysis and Insights: Global Marine Battery Market

Due to the COVID-19 pandemic, the global Marine Battery market size is estimated to be worth US$ 369.12 million in 2022 and is forecast to a readjusted size of US$ 8011.57 million by 2028 with a CAGR of 67.02% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Lithium Iron Phosphate Battery accounting for 89.06% of the Marine Battery global market in 2021, is projected to value US$ 7617.09 million by 2028, growing at a revised 68.85% CAGR from 2022 to 2028. While Ocean Freighter segment is altered to 65.06% CAGR throughout this forecast period.

China Marine Battery market size was US$ 24.98 million in 2021, while the US and Europe Marine Battery were US$ 60.11 million and US$ 98.49 million, severally. The proportion of the US was 28.40% in 2021, while China and Europe are 11.80% and 46.54% respectively, and it is predicted that China proportion will reach 19.98% in 2028, trailing a CAGR of 81.14 % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 66.44%, 64.46%, and 63.84% respectively for the next 6-year period. As for the Europe Marine Battery landscape, Germany is projected to reach US$ 1247.19 million by 2028 trailing a CAGR of 67.69% over the forecast period.

The global key manufacturers of Marine Battery include Corvus Energy, EST-Floattech, Spear Power Systems, Forsee Power, XALT Energy, Akasol, Saft, EVE Battery, and Siemens, etc. In 2021, the global top five players hold a share approximately 57.22% in terms of revenue.

In terms of production side, this report researches the Marine Battery production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Marine Battery by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Global Marine Battery Scope and Segment

Marine Battery market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Marine Battery market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2017-2028.

By Company

Corvus Energy
EST-Floattech
Akasol
EVE Battery
Spear Power Systems
Forsee Power
XALT Energy
Saft
Lithium Werks
Siemens
Toshiba Corporation
CATL
Furukawa Battery
PowerTech Systems

Segment by Type

Lithium Iron Phosphate Battery
Lead-Acid Batteries
Others

Segment by Application

Ocean Freighter
Port Tugboat
Fishing Boat
Sightseeing Boat
Others

Production by Region

North America
Europe
China
Japan

Sales by Region

North America
United States
Canada
Mexico

Asia-Pacific
China
Japan
South Korea
India
Southeast Asia

Europe
Germany
France
U.K.
Italy
Russia

South America
Brazil

Middle East & Africa
Middle East
Africa