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Marine Battery Market

Marine Battery Market Size, Share & Segmentation by Battery Type (Lithium, Nickel Cadmium, Fuel Cell, Lead-acid), By Propulsion Type (Fully Electric, Hybrid, Conventional), By Sales Channel (OEM, Aftermarket), By Battery Design, By Application, and By Region | Global Market Forecast to 2023-2030

Report Id: SNS/A&D/1133 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Marine Battery Market SizeThe global marine battery market size was USD 445.87 million in 2022. The market is projected to grow from USD 445.87 million in 2022 to USD 1781 million in 2030 at a CAGR of 18.9% during the 2023-2030 period.

The marine battery acts as the vessel's primary or auxiliary power source, utilizing chemical energy to power various applications such as start–stop, illumination, a windlass, depth finders, and fish locators. Marine batteries are made of higher strength and feature heavier plates. These batteries are particularly built for use on ships or boats to withstand the vibration and pounding that can occur on any boat.

marine battery market Revenue Graph



  • The increasing maritime tourism industry

  • Growth in the seaborne trade 

  • Implementation of the I.M.O. sulfur 2020 regulation.


  • Marine batteries are more costly.

  • Automobile batteries demand increasing


  • High utilization of renewable energy for battery charging.

  • High use of hybrid propulsion technology.


  •  Lack of Technical knowledge.


Most regional markets were badly affected by the Covid-19 pandemic in the first half of 2020. The worldwide market came to a standstill during the lockdown era, which hampered the expansion of the marine battery industry. Transportation and productivity have slowed as a movement has been constrained. This resulted in investor losses.

According to the marine battery market outlook, the unlock phase in the second half of 2022 has given the global market a boost. As a result, the global market is increasing market participants' confidence and adopting safety measures in order to produce significant Marine Battery Market revenue throughout the research period.


Wartsila, Akasol AG, Corvus Energy, Enchandia AB, Saft Total, Siemens, Leclanché SA, and other players.


By Propulsion Type:

The global marine battery market has been segregated into Hybrid, Fully Electric, and Conventional.

By Ship Type:

Based on ship type, the global marine battery market has been segregated into defence and commercial segments.

The commercial segment led the global market in 2022, accounting for a larger proportion of the marine battery market.

During the review period, the defense segment is projected to contribute a higher growth rate.

By Application:

Deep Cycle Service, Marine Starting Service, and Dual Purpose Service are the three segments of the worldwide marine battery market.

During the assessment period, the marine starting service segment is expected to have the highest CAGR.

These batteries are developed to provide hundred of amps of power to the starting motor in a matter of seconds.


By Application

  • Commercial

  • Defense

  • Unmanned

By Battery Design

  • Solid-State Batteries

  • Flow Batteries

By Battery Function

  • Starting Batteries

  • Deep-Cycle Batteries

  • Dual-Purpose Batteries

By Battery Type

  • Lithium-Ion

  • Nickel Cadmium

  • Sodium Type

  • Lead-Acid Battery

  • Flooded

  • Gel

  • Fuel Cell

By Propulsion Type

  • Introduction

  • Fully Electric

  • Hybrid

  • Conventional

By Sales Channel

  • Introduction

  • Oem

  • Aftermarket

Marine Battery Market Segment Chart


The North American market is fueling the growth of the maritime battery market due to the growing demand for electric-powered naval vessels in the Navy in the United States. In addition, the North American regional market is boosting market growth thanks to major marine battery manufacturers such as East Penn Manufacturing Co., EnerSys, and Exide Technologies. In 2019, the Asia-Pacific regional market was calculated as the market share for the largest batteries in the ocean and it was also predicted to account for the highest CAGR at the time of the study. The region is gaining more success in the global market due to the growing demand for advanced and new naval vessels and the growing cost of protection in China and India. In addition, the Latin American market is driving the growth of the marine battery market due to the increased cost of Brazil in purchasing advanced and new marine vessels. In addition, the Middle East and Africa are booming with market growth due to rising defense costs in Israel, the U.A.E., And Saudi Arabia.


North America

  • USA

  • Canada

  • Mexico


  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe


  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Marine Battery Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 445.87 Million
Market Size by 2030 US$ 1781 Million
CAGR CAGR of 18.9% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Battery Type (Lithium, Nickel Cadmium, Fuel Cell, Lead-acid)
• By Propulsion Type (Fully Electric, Hybrid, Conventional)
• By Sales Channel (OEM, Aftermarket)
• By Battery Design
• By Application
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Wartsila, Akasol AG, Corvus Energy, Enchandia AB, Saft Total, Siemens, Leclanché SA, and other players.
DRIVERS • The increasing maritime tourism industry
• Growth in the seaborne trade
• Implementation of the I.M.O. sulfur 2020 regulation.
RESTRAINTS • Marine batteries are more costly.
• Automobile batteries demand increasing

Frequently Asked Questions (FAQ) :

The sample for the Marine Battery Market  report is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.

According to SNS insiders, the Marine Battery Market size was USD 525.1 million  in 2021 and is expected to reach USD 1714.8 million by 2028 with a CAGR of  18.42% over the forecasted period.

Wartsila, Akasol AG, Corvus Energy, Enchandia AB, Saft Total, Siemens, and Leclanché SA

lack of Technical knowledge and Inadequate charging infrastructure With High initial capital expenditure

high utilization of renewable energy for battery charging and High use of hybrid propulsion technology.

Table of Contents:


1. Introduction

1.1 Market Definition 

1.2 Market Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Marine Battery Market, By Application

8.1 Commercial

8.2 Defense

8.3 Unmanned


9. Marine Battery Market, By Battery Type

9.1 Lithium-Ion

9.2 Nickel Cadmium

9.3 Sodium Type

9.4 Lead-Acid Battery

9.5 Flooded

9.6 Gel

9.7 Fuel Cell


10. Marine Battery Market, By Battery Design

10.1 Solid-State Batteries

10.2 Flow Batteries


11. Marine Battery Market, By Battery Function

11.1 Starting Batteries

11.2 Deep-Cycle Batteries

11.3 Dual-Purpose Batteries


12. Marine Battery Market, By Propulsion Type

12.1 Introduction

12.2 Fully Electric

12.3 Hybrid

12.4 Conventional


13. Marine Battery Market, By Sales Channel

13.1 Introduction

13.2 OEM

13.3 Aftermarket


14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2    Canada

14.2.3    Mexico

14.3    Europe

14.3.1    Germany

14.3.2    UK

14.3.3    France

14.3.4    Italy

14.3.5    Spain

14.3.6    The Netherlands

14.3.7    Rest of Europe

14.4    Asia-Pacific

14.4.1    Japan

14.4.2    South Korea

14.4.3    China

14.4.4    India

14.4.5    Australia

14.4.6    Rest of Asia-Pacific

14.5    The Middle East & Africa

14.5.1    Israel

14.5.2    UAE

14.5.3    South Africa

14.5.4    Rest

14.6    Latin America

14.6.1    Brazil

14.6.2    Argentina

14.6.3    Rest of Latin America


15. Company Profiles


15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view








15.9 Liebherr-international AG



16. Competitive Landscape

16.1 Competitive Benchmark

16.2 Market Share analysis

16.3 Recent Developments


17. Conclusion

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Secondary Research

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