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Marine Battery Market by Battery Type (Lithium, Nickel Cadmium, Fuel Cell, Lead-acid), Propulsion Type (Fully Electric, Hybrid, Conventional), Ship Type, Sales Channel, Nominal Capacity, Battery Design, Battery Function, & Region - Global Forecast to 2030

Marine Battery Market by Battery Type (Lithium, Nickel Cadmium, Fuel Cell, Lead-acid), Propulsion Type (Fully Electric, Hybrid, Conventional), Ship Type, Sales Channel, Nominal Capacity, Battery Design, Battery Function, & Region - Global Forecast to 2030

The Marine Battery Market size is projected to grow from USD 374 Million in 2021 to USD 1,897 Million by 2030, at a CAGR of 19.8% from 2021 to 2030. The market is driven by various factors, such as rise in conversion of propulsion system in passenger vessel, Increasing sea borne trade across globe and growing maritime tourism industry.

With increasing operation in the commercial maritime sector across various countries spread across different region along with the rising demand of commercial vessels will drive the demand for Marine Battery Market. Commercial vessels are turning out to be an integral part of the electric ship industry with countries such as US, China, Norway, Greece and others are investing heavily in operations related to commercial electric shipping industry. Whereas in the commercial marine industry companies such as Wartsila, Siemens, and others are working on building more efficient propulsion system for commercial vessels in order to increase the operational capacity of different types of commercial vessels.

The Marine Battery Market includes major players such Wartsila (Finland), Akasol AG (Germany), Corvus Energy (Canada), Enchandia AB (Sweden), Saft Total (France), Siemens (Germany), and Leclanché SA (Switzerland). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Rest of the World. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 has affected electric ship production and services globally in 2020.

The Lithium battery segment is projected to witness the highest CAGR during the forecast period

Based on the battery type the lithium battery operated vessels are projected to grow at the highest CAGR rate for the Marine Battery Market during the forecast period. With the increasing demand for commercial vessels across regions throughout the industry the demand for battery operated vessels is also increasing. A battery operated vessel helps in giving a more eco friendly solution to maritime operations along with more efficiency and reliability.

Commercial vessels are projected to witness the highest CAGR during the forecast period

Based on ship type, the commercial vessels segment is projected to grow at the highest CAGR rate for the Marine Battery Market during the forecast period. Commercial vessels are as varied as the jobs they are required to do. Different type of commercial vessels according to the purpose they serve are passenger vessels, cargo vessels, and others. Further, passenger vessels is segmented into yachts, ferries, cruise and others. Under which the passenger and cargo vessels will be seeing the maximum growth as these are the short ranged vessels which require less power to operate efficiently.

75-150KW are projected to witness the highest CAGR during the forecast period

Based on power, the 75-150KW power is projected to grow at the highest CAGR for the Marine Battery Market during the forecast period. Medium-size passenger ferries are considered under ships having power between 76–150 kW. The need for a reduced, or zero-emission transport system across countries is high. Countries such as Japan, New Zealand, and Australia are also moving toward using fully electric ferries for passenger transport. Norway has incorporated fully electric, and hybrid technology in its ferries.

The European market is projected to contribute the largest share from 2021 to 2030

Europe is projected to be the largest regional share of the Marine Battery Market during the forecast period. The key factor responsible for Europe, leading the Marine Battery Market owing to the rapid growth of the technologically advanced electric ships in the region. In Europe, the rise in manufacturing industries and growing commerical and defence maritime industry is encouraging manufacturers of electric ships to introduce technologically advanced and efficient products across various vessel type. The increasing demand for electric ship and the presence of some of the leading players operating in the market, such as Wartsila (Finland), Akasol AG (Germany), Corvus Energy (Canada), Enchandia AB (Sweden), Saft Total (France), Siemens (Germany), and Leclanché SA (Switzerland). These players are focusing on R&D to increase their product lines and using technologically advanced systems, subsystems, and other components for manufacturing electric ship.

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
•By Company Type: Tier 1–35%; Tier 2–45%; and Tier 3–20%
•By Designation: C Level–35%; Directors–25%; and Others–40%
•By Region: North America–45%; Europe–30%; Asia Pacific–20%; and Rest of the World–5%

Wartsila (Finland), Akasol AG (Germany), Corvus Energy (Canada), Enchandia AB (Sweden), Saft Total (France), Siemens (Germany), and Leclanché SA (Switzerland) are some of the leading players operating in the Marine Battery Market report.

Research Coverage

The study covers the Marine Battery Market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on type, components, platform, technology, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report

This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Marine Battery Market and its segments. This study is also expected to provide region wise information about the end use, and wherein marine batteries are used. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
1INTRODUCTION38
1.1OBJECTIVES OF THE STUDY38
1.2MARKET DEFINITION38
1.2.1MARINE BATTERY MARKET: INCLUSIONS AND EXCLUSIONS39
1.3STUDY SCOPE40
1.3.1MARKETS COVERED40
FIGURE 1MARINE BATTERY MARKET SEGMENTATION40
1.3.2REGIONAL SCOPE40
1.3.3YEARS CONSIDERED FOR THE STUDY41
1.4CURRENCY & PRICING41
1.5USD EXCHANGE RATES41
1.6LIMITATIONS42
1.7MARKET STAKEHOLDERS42
1.8SUMMARY OF CHANGES42
2RESEARCH METHODOLOGY44
2.1RESEARCH DATA44
FIGURE 2REPORT PROCESS FLOW44
FIGURE 3MARINE BATTERY MARKET: RESEARCH DESIGN45
2.1.1SECONDARY DATA46
2.1.1.1Key data from secondary sources46
2.1.2PRIMARY DATA46
2.1.2.1Breakdown of primaries47
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION47
2.2FACTOR ANALYSIS47
2.2.1INTRODUCTION47
2.2.2DEMAND-SIDE INDICATORS48
2.2.2.1Growing maritime tourism industry48
2.2.3SUPPLY-SIDE ANALYSIS48
2.2.3.1Advanced batteries for electric & hybrid ships48
2.3MARKET DEFINITION & SCOPE49
2.3.1SEGMENT DEFINITIONS49
2.3.1.1Marine battery market, by sales channel49
2.3.1.2Marine battery market, by battery type49
2.3.1.3Marine battery market, by propulsion type49
2.3.1.4Marine battery market, by nominal capacity49
2.3.1.5Marine battery market, by energy density49
2.3.1.6Marine battery market, by ship type49
2.3.1.7Marine battery market, by battery function50
2.3.1.8Marine battery market, by battery design50
2.3.1.9Marine battery market, by ship power50
2.3.2EXCLUSIONS50
2.3.3KEY INDUSTRY INSIGHTS50
2.3.4PRIMARIES INTERVIEWEES DETAILS51
2.4MARKET SIZE ESTIMATION & METHODOLOGY51
2.4.1BOTTOM-UP APPROACH51
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH52
2.4.2TOP-DOWN APPROACH52
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH52
2.5DATA TRIANGULATION53
FIGURE 7DATA TRIANGULATION: MARINE BATTERY MARKET53
2.6MARKET SIZING & FORECASTING54
FIGURE 8RESEARCH ASSUMPTIONS54
2.7LIMITATIONS55
2.8GROWTH FORECAST55
3EXECUTIVE SUMMARY56
FIGURE 9BY PROPULSION TYPE, CONVENTIONAL SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD56
FIGURE 10BY BATTERY TYPE, LITHIUM SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET FROM 2020 TO 203057
FIGURE 11BY SALES CHANNEL, AFTERMARKET SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD57
FIGURE 12BY REGION, EUROPE ESTIMATED TO LEAD MARINE BATTERY MARKET FROM 2021 TO 203058
4PREMIUM INSIGHTS59
4.1ATTRACTIVE GROWTH OPPORTUNITIES IN MARINE BATTERY MARKET59
FIGURE 13IMPLEMENTATION OF SULFUR 2020 RULE AND DEVELOPMENT OF LITHIUM-ION BATTERIES DRIVE MARINE BATTERY MARKET59
4.2MARINE BATTERY MARKET, BY SALES CHANNEL59
FIGURE 14AFTERMARKET SEGMENT TO LEAD MARINE BATTERY MARKET FROM
2021 TO 203059
4.3MARINE BATTERY MARKET, BY SHIP TYPE60
FIGURE 15COMMERCIAL SEGMENT PROJECTED TO DOMINATE MARINE BATTERY MARKET DURING FORECAST PERIOD60
4.4MARINE BATTERY MARKET, BY SHIP POWER60
FIGURE 16150–745 KW SEGMENT TO LEAD MARINE BATTERY MARKET FROM
2021 TO 203060
4.5MARINE BATTERY MARKET, BY REGION61
FIGURE 17EUROPE ACCOUNTED FOR LARGEST SHARE OF MARINE BATTERY
MARKET IN 202061
5MARKET OVERVIEW62
5.1INTRODUCTION62
5.1.1ROADMAP OF MARINE ELECTRIFICATION62
TABLE 1MILESTONES OF IMPLEMENTATION PLAN FOR ELECTRIFICATION IN MARINE TRANSPORT (2025-2035-2050)62
5.2MARKET DYNAMICS64
FIGURE 18MARINE BATTERY MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, & CHALLENGES64
5.2.1DRIVERS64
5.2.1.1Implementation of sulfur 2020 rule64
TABLE 2SULFUR CONTENT REGULATIONS IN BUNKER FUEL65
5.2.1.2Rising demand for electric and hybrid passenger vessels65
5.2.1.3Increase in seaborne trade globally66
FIGURE 19GLOBAL SEABORNE TRADE, BY QUANTITY TRADED,
2006–2017 (PRE-COVID-19)66
5.2.1.4Growing maritime tourism industry67
FIGURE 20INCREASE IN NUMBER OF CRUISE PASSENGERS IN EUROPE, 2015–202067
FIGURE 21GLOBAL CRUISE INDUSTRY SHARE, BY REGION, 202068
5.2.1.5Development of lithium batteries68
FIGURE 22MOST COMMON LITHIUM-ION BATTERIES WITH KEY FEATURES68
TABLE 3CURRENT BATTERY CAPACITY AND REQUIREMENTS OF SOME SHIPS69
5.2.2RESTRAINTS69
5.2.2.1Long downtime during retrofitting of ships resulting in revenue loss69
5.2.2.2Limited range and capacity of fully electric ships70
5.2.3OPPORTUNITIES70
5.2.3.1Potential for marine battery manufacturers to develop high powered batteries70
FIGURE 23RELATIVE FEASIBILITY OF DIFFERENT ENERGY STORAGE TECHNOLOGIES71
5.2.3.2Potential for battery charging via renewable energy sources71
5.2.3.3Hybrid propulsion technology for large ships72
FIGURE 24AVERAGE SHIP SIZE BY DEADWEIGHT TONNAGE (DWT)72
5.2.4CHALLENGES72
5.2.4.1Inadequate charging infrastructure72
5.2.4.2High initial capital expenditure73
TABLE 4CAPITAL EXPENDITURE AND ANNUAL SAVINGS73
TABLE 5CAPITAL EXPENDITURE AND PAYBACK73
TABLE 6CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK74
5.3COVID-19 IMPACT ON MARINE BATTERY MARKET74
5.4RANGE/SCENARIOS75
FIGURE 25PESSIMISTIC, REALISTIC, AND OPTIMISTIC SCENARIOS OF MARINE BATTERY MARKET WITH REGARDS TO COVID-19 PANDEMIC75
5.5TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS76
5.5.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARINE BATTERY MARKET76
5.6SUPPLY CHAIN ANALYSIS77
FIGURE 26VALUE CHAIN ANALYSIS: MARINE BATTERY MARKET77
5.7AVERAGE SELLING PRICE78
5.8MARKET ECOSYSTEM MAP78
5.8.1PROMINENT COMPANIES78
5.8.2PRIVATE AND SMALL ENTERPRISES78
5.8.3END USERS78
FIGURE 27MARKET ECOSYSTEM MAP: MARINE BATTERY MARKET79
TABLE 7MARINE BATTERY MARKET ECOSYSTEM79
5.9PORTER’S FIVE FORCES MODEL80
TABLE 8PORTER’S FIVE FORCES ANALYSIS80
FIGURE 28PORTER’S FIVE FORCES ANALYSIS OF MARINE BATTERY MARKET81
5.10CASE STUDY ANALYSIS82
5.10.1ROLLS-ROYCE MARINE – 202082
5.10.2KONGSBERG AND YARA – 202082
5.10.3JAPANESE CONSORTIUM – 202582
5.11TARIFF AND REGULATORY LANDSCAPE83
6INDUSTRY TRENDS85
6.1INTRODUCTION85
6.2ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY85
FIGURE 29ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY85
6.3PHASING OF MARINE PROPULSION TECHNOLOGIES86
FIGURE 30POTENTIAL PHASING OF DIFFERENT PROPULSION TECHNOLOGIES IN MARINE INDUSTRY86
6.4EMERGING TRENDS87
FIGURE 31EMERGING TRENDS87
6.4.1ELECTRIFICATION OF LEISURE BOATS87
6.4.2POTENTIAL OF HYBRID TECHNOLOGY88
6.4.3FULLY ELECTRIC FERRIES FOR PASSENGER TRANSPORT88
6.4.4SOLAR SAILS89
6.4.5ADVANCED BATTERIES FOR ELECTRIC SHIPS89
6.4.6POTENTIAL OF HYDROGEN AS ZERO-EMISSION FUEL FOR SHIPPING INDUSTRY90
6.4.7BATTERY POWERED NAVAL VESSELS90
6.4.8NEXT-GENERATION SOLID STATE BATTERY TECHNOLOGY91
6.4.8.1Table: Summary of Commercial Batteries91
6.5SUPPLY CHAIN ANALYSIS92
FIGURE 32SUPPLY CHAIN ANALYSIS92
6.6INNOVATIONS & PATENT REGISTRATIONS93
7MARINE BATTERY MARKET, BY SHIP TYPE94
7.1INTRODUCTION95
FIGURE 33BY SHIP TYPE, COMMERCIAL SEGMENT TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD95
TABLE 9MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)95
TABLE 10MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION)96
TABLE 11MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2017–2020 (UNITS)96
TABLE 12MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2021–2030 (UNITS)96
7.2COMMERCIAL96
TABLE 13MARINE BATTERY MARKET SIZE, BY COMMERCIAL SHIP, 2017–2020 (UNITS)97
TABLE 14COMMERCIAL MARINE BATTERY MARKET SIZE, BY COMMERCIAL SHIP, 2021–2030 (UNITS)97
7.2.1INLAND VESSELS97
TABLE 15INLAND VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE,
2017–2020 (UNITS)97
TABLE 16INLAND VESSELS: MARINE BATTERY MARKET SIZE, BY TYPE,
2021–2030 (UNITS)98
7.2.1.1Passenger vessels98
TABLE 17INLAND PASSENGER VESSELS: MARINE BATTERY MARKET SIZE,
BY TYPE, 2017–2020 (UNITS)98
TABLE 18INLAND PASSENGER VESSELS: MARINE BATTERY MARKET SIZE,
BY TYPE, 2021–2030 (UNITS)98
7.2.1.1.1Yachts99
7.2.1.1.1.1Fully electric yachts can use solar power to charge their batteries99
7.2.1.1.2Ferries99
7.2.1.1.2.1High adoption of electric ferries in North America and Europe due to changing environmental regulations99
7.2.1.1.3Cruise ships100
7.2.1.1.3.1Adoption of hybrid-electric propulsion technologies for cruise ships to increase in coming years100
7.2.1.2Cargo vessels100
7.2.1.2.1Inland cargo ships100
7.2.1.2.1.1High market potential for inland cargo ships100
7.2.1.2.2Inland tankers100
7.2.1.2.2.1Lithium-ion battery-based fully electric shipping tanker designed by Japanese companies100
7.2.1.2.3Dry cargo carriers101
7.2.1.2.3.1Rise in demand for new dry cargo carriers to handle increasing cargo volume will increase demand for battery propulsion101
7.2.1.2.4Barges101
7.2.1.2.4.1More manufacturers looking forward to developing battery-driven barges for emission-free sailing101
7.2.1.3Fishing vessels101
7.2.1.3.1Fuel consumption of fully electric fishing vessels reduced by 80% compared to other conventional fishing vessels101
7.2.1.4Tugs & workboats101
7.2.1.4.1Electrification of tugs & workboats will help significantly reduce emissions at ports101
7.2.1.5Research vessels102
7.2.1.5.1Market for retrofitting research vessels larger than that of newbuilds at present102
7.2.2SEAFARING VESSELS102
7.2.2.1Passenger vessels102
7.2.2.1.1Adoption of hybrid-electric propulsion technologies for cruise ships to increase in coming years102
7.2.2.2Cargo vessels102
7.2.2.2.1Container vessels102
7.2.2.2.1.1Electrification of container ships will happen first, gradually followed by larger container ships102
7.2.2.2.2Bulk carriers103
7.2.2.2.2.1Bulk carriers can only be fitted with hybrid-electric propulsion systems due to constraints faced by pure battery systems103
7.2.2.2.3Tankers103
7.2.2.2.3.1Japanese companies designed a domestic fully electric shipping tanker that uses lithium-ion batteries103
7.2.2.2.4General cargo vessels103
7.2.2.2.4.1Batteries installed on cargo vessels can sustain them to sail in and out of harbors for approximately 30 minutes, after which the vessels will switch to diesel engine103
7.2.2.3Fishing vessels103
7.2.2.3.1Fuel consumption on electric fishing vessels can be reduced by 80% compared to other fishing vessels by using battery-driven propulsion system103
7.2.2.4Research vessels104
7.2.2.4.1Market for retrofitting research vessels is larger than that of newbuilds at present104
7.2.2.5Submarines104
7.2.2.5.1Remotely operated vehicle (ROV)104
7.2.2.5.1.1Multiple advantages of ROVs to drive market growth104
7.2.2.5.2Autonomous underwater vehicle (AUV)104
7.2.2.5.2.1Provide more accurate data due to better payload capacity104
7.3DEFENSE105
TABLE 19MARINE BATTERY MARKET SIZE, BY DEFENSE SHIP, 2017–2020 (UNITS)105
TABLE 20MARINE BATTERY MARKET SIZE, BY DEFENSE SHIP, 2021–2030 (UNITS)105
7.3.1DESTROYERS106
7.3.1.1Defense forces of countries like US, UK, and India focus on integrating electric propulsive destroyers into their fleet to gain high operational efficiency106
7.3.2FRIGATES106
7.3.2.1Naval forces of countries like US and India plan to install hybrid propulsion systems for frigates106
7.3.3CORVETTES106
7.3.3.1Defense forces of several countries ordering all-electric propulsion corvettes106
7.3.4AMPHIBIOUS SHIPS106
7.3.4.1Naval forces worldwide considering the possibility of using amphibious ships with hybrid propulsion106
7.3.5OFFSHORE SUPPORT VESSELS (OSVS)107
7.3.5.1OSVs available in hybrid and electric propulsion setups107
7.3.6SUBMARINES107
7.3.6.1Countries like US, France, and India currently use or develop electric propulsion systems for their fleet of submarines107
7.4UNMANNED UNDERWATER VEHICLES107
8MARINE BATTERY MARKET, BY BATTERY FUNCTION108
8.1INTRODUCTION109
FIGURE 34DUAL-PURPOSE BATTERIES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD109
TABLE 21MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2017–2020 (UNITS)109
TABLE 22MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2021–2030 (UNITS)109
TABLE 23MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION, 2017–2020 (USD MILLION)110
TABLE 24MARINE BATTERY MARKET SIZE, BY BATTERY FUNCTION,
2021–2030 (USD MILLION)110
8.2STARTING BATTERIES110
8.2.1DEMAND FOR QUICK AND POWERFUL SPURT OF ENERGY TO START SHIP ENGINES TO DRIVE MARKET FOR STARTING BATTERIES110
8.3DEEP-CYCLE BATTERIES110
8.3.1DEMAND FOR RECOVERING FULLY AFTER HEAVY DISCHARGE WILL FUEL MARKET FOR DEEP-CYCLE BATTERIES110
8.4DUAL-PURPOSE BATTERIES111
8.4.1RISE IN SMALL-SIZED VESSELS GLOBALLY WILL LEAD TO INCREASED DEMAND FOR DUAL-PURPOSE BATTERIES111
9MARINE BATTERY MARKET, BY NOMINAL CAPACITY112
9.1INTRODUCTION113
FIGURE 35> 250 AH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD113
TABLE 25MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY,
2017–2020 (UNITS)113
TABLE 26MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY,
2021–2030 (UNITS)113
TABLE 27MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY,
2017–2020 (USD MILLION)114
TABLE 28MARINE BATTERY MARKET SIZE, BY NOMINAL CAPACITY,
2021–2030 (USD MILLION)114
9.2<100 AH114
9.2.1INLAND FERRIES ADOPT BATTERIES WITH NOMINAL CAPACITY OF LESS THAN 100 AH114
9.3100–250 AH114
9.3.1DEMAND FOR BATTERIES WITH NOMINAL CAPACITY OF 100–250 AH FROM DRY CARGO VESSELS AND BARGES114
9.4>250 AH114
9.4.1RISE IN SEAFARING VESSELS GLOBALLY WILL LEAD TO INCREASED DEMAND FOR BATTERIES WITH >250 AH NOMINAL CAPACITY114
10MARINE BATTERY MARKET, BY PROPULSION TYPE115
10.1INTRODUCTION116
FIGURE 36FULLY ELECTRIC SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD116
TABLE 29MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (UNITS)116
TABLE 30MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (UNITS)117
TABLE 31MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION)117
TABLE 32MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)117
10.2FULLY ELECTRIC117
10.2.1FULLY ELECTRIC-DRIVEN SHIPS HAVE POSITIVE EFFECT ON ENVIRONMENT AS INCLUSION OF HIGH ENERGY STORAGE IN BATTERIES AND OPTIMIZED POWER CONTROL CAN REDUCE FUEL CONSUMPTION, MAINTENANCE,
AND EMISSIONS117
TABLE 33GLOBAL ALL ELECTRIC SHIPS PROJECTS118
10.3HYBRID119
10.3.1DEVELOPMENT OF ADVANCED BATTERY TECHNOLOGY AND HYBRID BATTERY POWER SYSTEMS HAS BECOME A NECESSITY FOR SHIPS FOR POWER GENERATION119
10.4CONVENTIONAL120
10.4.1MAJOR SHIPOWNERS WITH CONVENTIONAL PROPULSION ARE RETROFITTING THEIR SYSTEMS WITH HYBRID-ELECTRIC PROPULSION TO REDUCE GREENHOUSE EMISSIONS120
11MARINE BATTERY MARKET, BY SHIP POWER121
11.1INTRODUCTION122
FIGURE 37BY SHIP POWER, 150–745 SEGMENT TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD122
TABLE 34MARINE BATTERY MARKET SIZE, BY SHIP POWER, 2017–2020 (UNITS)122
TABLE 35MARINE BATTERY MARKET SIZE, BY SHIP POWER, 2021–2030 (UNITS)123
TABLE 36MARINE BATTERY MARKET SIZE, BY SHIP POWER,
2017–2020 (USD MILLION)123
TABLE 37MARINE BATTERY MARKET SIZE, BY SHIP POWER,
2021–2030 (USD MILLIONS)123
11.2<75 KW124
11.2.1DEMAND FOR FULLY ELECTRIC YACHTS IN EUROPE TO DRIVE MARINE BATTERY MARKET124
11.375–150 KW124
11.3.1USE OF FULLY ELECTRIC FERRIES FOR TRANSPORT WILL DRIVE MARINE BATTERY MARKET124
11.4150–745 KW124
11.4.1LARGE RETROFIT POTENTIAL FOR CARGO VESSELS IN 150–745 KW RANGE124
11.5740–7,560 KW124
11.5.1INCREASED INVESTMENT IN HYBRID-ELECTRIC PROPULSION SYSTEMS DRIVE MARKET FOR ELECTRIC SHIPS124
11.6>7,560 KW125
11.6.1ADOPTION OF HYBRID-ELECTRIC PROPULSION SYSTEMS CHALLENGING IN SHIPS WITH HIGH POWER CAPACITY125
12MARINE BATTERY MARKET, BY BATTERY DESIGN126
12.1INTRODUCTION127
FIGURE 38LIQUID/GEL-BASED SEGMENT TO REGISTER HIGHER CAGR THAN SOLID-STATE SEGMENT DURING FORECAST PERIOD127
TABLE 38MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN, 2017–2020 (UNITS)127
TABLE 39MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN, 2021–2030 (UNITS)127
TABLE 40MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN,
2017–2020 (USD MILLION)128
TABLE 41MARINE BATTERY MARKET SIZE, BY BATTERY DESIGN,
2021–2030 (USD MILLION)128
12.2SOLID STATE128
12.2.1DEMAND FOR GREATER ENERGY DENSITY ANTICIPATED TO DRIVE MARKET FOR SOLID STATE BATTERIES128
12.3LIQUID/GEL-BASED129
12.3.1DEMAND FOR SAFER BATTERY SERVICE ANTICIPATED TO DRIVE MARKET FOR LIQUID/GEL-BASED129
13MARINE BATTERY MARKET, BY BATTERY TYPE130
13.1INTRODUCTION131
FIGURE 39LITHIUM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD131
TABLE 42MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2017–2020 (UNITS)131
TABLE 43MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (UNITS)132
TABLE 44MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION)132
TABLE 45MARINE BATTERY MARKET SIZE, BY BATTERY TYPE, 2021–2030 (USD MILLION)132
13.2LITHIUM133
13.2.1CURRENTLY, HYBRID AND FULLY ELECTRIC VESSELS RELY ON LITHIUM BATTERIES FOR PRIME POWER SOURCE133

13.3LEAD-ACID133
13.3.1LEAD-ACID BATTERIES PREFERRED IN MARINE VESSELS AS THEY ARE DURABLE, EASILY RECYCLABLE, COST-EFFECTIVE, AND ENABLE SIMPLE CHARGING133
13.3.2FLOODED133
13.3.3GEL134
13.3.4AGM134
13.4NICKEL CADMIUM BATTERY134
13.4.1SPECIALTY NICAD BATTERIES ARE USED IN EMERGENCY LIGHTING, BACKUP SYSTEMS, SECONDARY POWER, AND OTHER SIMILAR APPLICATIONS134
13.5SODIUM-ION134
13.5.1SODIUM-ION BATTERIES HAVE HIGH ENERGY DENSITY AND LOW CHARGING TIME AND CAN BE USED AS SUBSTITUTE FOR LITHIUM-ION BATTERIES DUE TO ABUNDANCE OF SODIUM134
13.6FUEL CELL135
13.6.1FUEL CELL IS ALTERNATIVE TECHNOLOGY OF LITHIUM-ION AND LEAD-ACID BATTERIES THAT CAN HELP CUT DOWN CARBON EMISSIONS, ESPECIALLY COMPARED TO TRADITIONAL DIESEL-DRIVEN PROPULSION SYSTEMS135
TABLE 46ONGOING FUEL CELL PROJECTS IN SHIPPING INDUSTRY135
13.6.2HYDROGEN-BASED136
13.6.3AMMONIA-BASED136
13.6.4OXIDE-BASED136
13.6.5CARBON-BASED136
14MARINE BATTERY MARKET, BY SALES CHANNEL137
14.1INTRODUCTION138
FIGURE 40AFTERMARKET SEGMENT TO REGISTER HIGHER CAGR THAN OEM SEGMENT DURING FORECAST PERIOD138
TABLE 47MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)139
TABLE 48MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)139
TABLE 49MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (UNITS)139
TABLE 50MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (UNITS)139
14.20EM140
14.2.1HIGH DEMAND FOR FULLY ELECTRIC FERRIES IN EUROPE TO DRIVE THE MARKET FOR BATTERIES140
14.3AFTERMARKET140
14.3.1SHIPOWNERS UPDATE OR RETROFIT EQUIPMENT INSTALLED ON EXISTING VESSELS TO INCREASE EFFICIENCY AND EXTEND DURABILITY140
15MARINE BATTERY MARKET, BY ENERGY DENSITY141
15.1INTRODUCTION142
TABLE 51ENERGY DENSITY AND SYSTEM ENERGY OF VARIOUS BATTERY TYPES142
15.2<100 WH/KG142
15.2.1<100 WH/KG BATTERIES USED FOR SECONDARY/EMERGENCY POWER APPLICATIONS142
15.3100–500 WH/KG142
15.3.1100–500 WH/KG BATTERIES USED FOR PRIMARY POWER STORAGE AND PROPULSION142
15.4>500 WH/KG142
15.4.1BATTERIES ABOVE 500 WH/KG ARE GENERALLY USED FOR APPLICATIONS LIKE PROPULSION142
16REGIONAL ANALYSIS143
16.1INTRODUCTION144
16.2NORTH AMERICA144
FIGURE 41NORTH AMERICA MARINE BATTERY MARKET SNAPSHOT145
TABLE 52NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION)145
TABLE 53NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION)146
TABLE 54NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION)146
TABLE 55NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION)146
TABLE 56NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION)146
TABLE 57NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION)147
TABLE 58NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)147
TABLE 59NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)147
TABLE 60NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION)147
TABLE 61NORTH AMERICA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION)148
16.2.1US148
16.2.1.1Growing demand for luxury sailing to increase adoption of electric boats148
TABLE 62US: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)149
TABLE 63US: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)149
TABLE 64US: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)149
TABLE 65US: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)149
TABLE 66US: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)150
TABLE 67US: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)150
TABLE 68US: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION)150
TABLE 69US: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION)150
16.2.2CANADA151
16.2.2.1Canadian government’s strategic decision to develop its indigenous marine industry to grow market151
TABLE 70CANADA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)151
TABLE 71CANADA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)152
TABLE 72CANADA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)152
TABLE 73CANADA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)152
TABLE 74CANADA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)152
TABLE 75CANADA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)153
TABLE 76CANADA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION)153
TABLE 77CANADA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION)153
16.3EUROPE154
FIGURE 42EUROPE MARINE BATTERY MARKET SNAPSHOT154
TABLE 78EUROPE: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION)155
TABLE 79EUROPE: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION)155
TABLE 80EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)155
TABLE 81EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)156
TABLE 82EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)156
TABLE 83EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)156
TABLE 84EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)156
TABLE 85EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)157
TABLE 86EUROPE: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION)157
TABLE 87EUROPE: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION)157
16.3.1NORWAY157
16.3.1.1Implementation of IMO rule driving adoption of battery propulsion in shipping industry in Norway157
FIGURE 43CO2 EMISSIONS FROM DOMESTIC SHIPPING IN NORWAY158
TABLE 88NORWAY: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)158
TABLE 89NORWAY: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)159
TABLE 90NORWAY: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)159
TABLE 91NORWAY: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)159
TABLE 92NORWAY: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)159
TABLE 93NORWAY: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)160
16.3.2SWEDEN160
16.3.2.1Stringent IMO 2020 rule driving demand for marine batteries in Sweden160
TABLE 94SWEDEN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)160
TABLE 95SWEDEN: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)160
TABLE 96SWEDEN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)161
TABLE 97SWEDEN: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)161
TABLE 98SWEDEN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)161
TABLE 99SWEDEN: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)161
16.3.3NETHERLANDS162
16.3.3.1Push toward zero-emission ships driving marine battery market in Netherlands162
TABLE 100NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)162
TABLE 101NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)162
TABLE 102NETHERLANDS: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION)162
TABLE 103NETHERLANDS: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION)163
TABLE 104NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)163
TABLE 105NETHERLANDS: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)163
16.3.4FRANCE163
16.3.4.1Presence of stringent regulations drive demand for marine batteries in France163
TABLE 106FRANCE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)164
TABLE 107FRANCE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)164
TABLE 108FRANCE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)164
TABLE 109FRANCE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)164
TABLE 110FRANCE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)165
TABLE 111FRANCE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)165
16.3.5DENMARK165
16.3.5.1Stringent environmental regulations drive demand for marine batteries in Denmark165
TABLE 112DENMARK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)165
TABLE 113DENMARK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)166
TABLE 114DENMARK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)166
TABLE 115DENMARK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)166
TABLE 116DENMARK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)166
TABLE 117DENMARK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)167
16.3.6UK167
16.3.6.1Rising focus on adoption of batteries by shipbuilders in UK167
TABLE 118UK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)167
TABLE 119UK: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)167
TABLE 120UK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)168
TABLE 121UK: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)168
TABLE 122UK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)168
TABLE 123UK: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)168
16.3.7FINLAND169
16.3.7.1Major focus on green marine technologies anticipated to drive market growth in Finland169
TABLE 124FINLAND: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)169
TABLE 125FINLAND: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)169
TABLE 126FINLAND: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)169
TABLE 127FINLAND: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)170
TABLE 128FINLAND: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)170
TABLE 129FINLAND: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)170
16.3.8REST OF EUROPE170
TABLE 130REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2017–2020 (USD MILLION)171
TABLE 131REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL, 2021–2030 (USD MILLION)171
TABLE 132REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION)171
TABLE 133REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION)171
TABLE 134REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)172
TABLE 135REST OF EUROPE: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)172
16.4ASIA PACIFIC172
FIGURE 44ASIA PACIFIC MARINE BATTERY MARKET SNAPSHOT173
TABLE 136ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)173
TABLE 137ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)174
TABLE 138ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)174
TABLE 139ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)174
TABLE 140ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)174
TABLE 141ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)175
TABLE 142ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION)175
TABLE 143ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION)175
TABLE 144ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY COUNTRY,
2018–2030 (USD MILLION)176
TABLE 145ASIA PACIFIC: MARINE BATTERY MARKET SIZE, BY COUNTRY,
2018–2030 (USD MILLION)176
16.4.1CHINA176
16.4.1.1Presence of several shipbuilding companies boost market growth in China176
TABLE 146CHINA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)177
TABLE 147CHINA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)177
TABLE 148CHINA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2017–2020 (USD MILLION)177
TABLE 149CHINA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE,
2021–2030 (USD MILLION)177
TABLE 150CHINA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)178
TABLE 151CHINA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)178
TABLE 152CHINA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION)178
TABLE 153CHINA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION)178
16.4.2SOUTH KOREA179
16.4.2.1Development of fuel cells for ships’ propulsion systems expected to fuel market in South Korea179
TABLE 154SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2017–2020 (USD MILLION)179
TABLE 155SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SALES CHANNEL,
2021–2030 (USD MILLION)179
TABLE 156SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2017–2020 (USD MILLION)180
TABLE 157SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY PROPULSION TYPE, 2021–2030 (USD MILLION)180
TABLE 158SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION)180
TABLE 159SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION)180
TABLE 160SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2017–2020 (USD MILLION)181
TABLE 161SOUTH KOREA: MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2021–2030 (USD MILLION)181
16.4.3JAPAN181
16.4.3.1Increasing focus on reducing greenhouse gas emissions from international shipping181
TABLE 162JAPAN: MARINE BATTERY MARKET SI

Report Title: Marine Battery Market by Battery Type (Lithium, Nickel Cadmium, Fuel Cell, Lead-acid), Propulsion Type (Fully Electric, Hybrid, Conventional), Ship Type, Sales Channel, Nominal Capacity, Battery Design, Battery Function, & Region - Global Forecast to 2030


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