Table of Content

1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 MARKET SCOPE 25
1.3.1 MARKETS COVERED 25
FIGURE 1 MARINE BATTERY MARKET SEGMENTATION 25
1.3.2 REGIONAL SCOPE 25
FIGURE 2 MARINE BATTERY MARKET: REGIONAL SCOPE 25
1.3.3 YEARS CONSIDERED 26
1.4 INCLUSIONS AND EXCLUSIONS 26
TABLE 1 INCLUSIONS AND EXCLUSIONS IN MARINE BATTERY MARKET 26
1.5 CURRENCY CONSIDERED 27
1.6 LIMITATIONS 27
1.7 MARKET STAKEHOLDERS 27
1.8 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 3 REPORT PROCESS FLOW 29
FIGURE 4 MARINE BATTERY MARKET: RESEARCH DESIGN 30
2.1.1 SECONDARY DATA 31
2.1.1.1 Key data from secondary sources 31
2.1.2 PRIMARY DATA 31
2.2 RECESSION IMPACT ANALYSIS (RIA) 32
2.2.1 DEMAND-SIDE INDICATORS 32
FIGURE 5 US: NAVAL DEFENSE BUDGET 32
FIGURE 6 BREAKDOWN OF US NAVAL DEFENSE BUDGET 33
2.2.2 SUPPLY-SIDE ANALYSIS 34
2.3 FACTOR ANALYSIS 34
2.3.1 INTRODUCTION 34
2.3.2 DEMAND-SIDE INDICATORS 34
2.3.2.1 Growing maritime tourism industry 35
2.3.3 SUPPLY-SIDE ANALYSIS 35
2.3.3.1 Advanced batteries for electric and hybrid ships 35
2.4 MARKET SCOPE 36
2.4.1 SEGMENTS AND SUBSEGMENTS 36
2.4.2 EXCLUSIONS 37
2.4.3 PRIMARY INTERVIEWEE DETAILS 37
2.5 MARKET SIZE ESTIMATION AND METHODOLOGY 37
2.5.1 BOTTOM-UP APPROACH 37
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 38
2.5.2 TOP-DOWN APPROACH 38
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 38
2.6 DATA TRIANGULATION 39
FIGURE 9 DATA TRIANGULATION: MARINE BATTERY MARKET 39
2.7 MARKET SIZING AND FORECASTING 40
FIGURE 10 RESEARCH ASSUMPTIONS 40
2.8 LIMITATIONS 41
2.9 GROWTH FORECAST 41
3 EXECUTIVE SUMMARY 42
FIGURE 11 CONVENTIONAL SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 42
FIGURE 12 LITHIUM BATTERIES TO LEAD MARKET FROM 2022 TO 2030 43
FIGURE 13 BY SALES CHANNEL, OEM SEGMENT PROJECTED TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 43
FIGURE 14 EUROPE TO ACCOUNT FOR HIGHEST CAGR IN MARINE BATTERY MARKET FROM 2022 TO 2030 44
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARINE BATTERY MARKET 45
FIGURE 15 IMPLEMENTATION OF SULFUR 2020 RULE AND DEVELOPMENT OF LITHIUM-ION BATTERIES TO DRIVE MARINE BATTERY MARKET 45
4.2 MARINE BATTERY MARKET, BY SHIP TYPE 45
FIGURE 16 COMMERCIAL SEGMENT TO DOMINATE MARINE BATTERY MARKET DURING FORECAST PERIOD 45
4.3 MARINE BATTERY MARKET, BY SHIP POWER 46
FIGURE 17 150–745 KW SEGMENT TO LEAD MARINE BATTERY MARKET FROM 2022 TO 2030 46
4.4 MARINE BATTERY MARKET, BY REGION 46
FIGURE 18 FINLAND TO ACCOUNT FOR HIGHEST CAGR IN MARINE BATTERY MARKET, 2022–2030 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.1.1 ROADMAP OF MARINE ELECTRIFICATION 47
TABLE 2 MILESTONES OF IMPLEMENTATION PLAN FOR ELECTRIFICATION IN MARINE TRANSPORT (2025–2035–2050) 47
5.2 MARKET DYNAMICS 49
FIGURE 19 MARINE BATTERY MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 49
5.2.1 DRIVERS 49
5.2.1.1 Implementation of sulphur 2020 rule 49
TABLE 3 SULFUR CONTENT REGULATIONS IN BUNKER FUEL 50
5.2.1.2 Rising demand for electric and hybrid passenger vessels 50
5.2.1.3 Increased global seaborne trade 51
5.2.1.4 Growing maritime tourism industry 51
5.2.1.5 Development of lithium batteries 52
FIGURE 20 MOST COMMON LITHIUM-ION BATTERIES WITH KEY FEATURES 52
TABLE 4 CURRENT BATTERY CAPACITY AND REQUIREMENTS OF SOME SHIPS 52
5.2.2 RESTRAINTS 53
5.2.2.1 Long downtime during retrofitting 53
5.2.2.2 Limited range and capacity of fully electric ships 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Potential for marine battery manufacturers 53
5.2.3.2 Potential for battery charging 54
5.2.3.3 Hybrid propulsion technology for large ships 54
5.2.4 CHALLENGES 55
5.2.4.1 Inadequate charging infrastructure 55
5.2.4.2 High initial capital expenditure 55
TABLE 5 CAPITAL EXPENDITURE AND ANNUAL SAVINGS 55
TABLE 6 CAPITAL EXPENDITURE AND PAYBACK 56
TABLE 7 CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK 56
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARINE BATTERY MARKET 56
FIGURE 21 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARINE BATTERY MARKET 56
5.4 VALUE CHAIN ANALYSIS 57
FIGURE 22 VALUE CHAIN ANALYSIS: MARINE BATTERY MARKET 57
5.5 AVERAGE SELLING PRICE 58
TABLE 8 AVERAGE SELLING PRICE, BY BATTERY TYPE 58
5.6 MARKET ECOSYSTEM MAP 58
5.6.1 PROMINENT COMPANIES 58
5.6.2 PRIVATE AND SMALL ENTERPRISES 58
5.6.3 END USERS 58
FIGURE 23 MARKET ECOSYSTEM MAP: MARINE BATTERY MARKET 59
TABLE 9 MARINE BATTERY MARKET ECOSYSTEM 59
5.7 PORTER’S FIVE FORCES MODEL 60
TABLE 10 PORTER’S FIVE FORCES ANALYSIS 60
FIGURE 24 MARINE BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS 61
5.8 RECESSION IMPACT ANALYSIS 62
FIGURE 25 RECESSION IMPACT ANALYSIS 62
5.9 CASE STUDY ANALYSIS 63
5.9.1 ROLLS-ROYCE MARINE – 2020 63
5.9.2 KONGSBERG AND YARA – 2020 63
5.9.3 JAPANESE CONSORTIUM – 2025 63
5.10 TARIFF AND REGULATORY LANDSCAPE 64
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 65
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 65
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF MARINE BATTERY PRODUCTS AND SYSTEMS 65
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF MARINE BATTERY PRODUCTS AND SYSTEMS (%) 65
5.11.2 BUYING CRITERIA 66
FIGURE 27 KEY BUYING CRITERIA FOR MARINE BATTERY PRODUCTS AND SYSTEMS 66
TABLE 12 KEY BUYING CRITERIA FOR MARINE BATTERY PRODUCTS AND SYSTEMS 66
6 INDUSTRY TRENDS 67
6.1 INTRODUCTION 67
6.2 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY 67
FIGURE 28 ROADMAP TOWARD EMISSION-FREE SHIPPING INDUSTRY 67
6.3 PHASING OF MARINE PROPULSION TECHNOLOGIES 68
FIGURE 29 POTENTIAL PHASING OF DIFFERENT PROPULSION TECHNOLOGIES IN MARINE INDUSTRY 68
6.4 EMERGING TRENDS 69
FIGURE 30 EMERGING TRENDS 69
6.4.1 ELECTRIFICATION OF LEISURE BOATS 69
6.4.2 POTENTIAL OF HYBRID TECHNOLOGY 70
6.4.3 FULLY ELECTRIC FERRIES FOR PASSENGER TRANSPORT 70
6.4.4 SOLAR SAILS 70
6.4.5 ADVANCED BATTERIES FOR ELECTRIC SHIPS 70
6.4.6 POTENTIAL OF HYDROGEN AS ZERO-EMISSION FUEL FOR SHIPPING INDUSTRY 71
6.4.7 BATTERY-POWERED NAVAL VESSELS 72
6.4.8 NEXT-GENERATION SOLID-STATE BATTERY TECHNOLOGY 72
6.4.8.1 Summary of Commercial Batteries 72
6.5 SUPPLY CHAIN ANALYSIS 73
FIGURE 31 SUPPLY CHAIN ANALYSIS 73
6.6 INNOVATION AND PATENT REGISTRATIONS 74
7 MARINE BATTERY MARKET, BY SHIP TYPE 75
7.1 INTRODUCTION 76
FIGURE 32 COMMERCIAL SHIPS SEGMENT TO DOMINATE MARINE BATTERY MARKET DURING FORECAST PERIOD 76
TABLE 13 MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 76
TABLE 14 MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 77
7.2 COMMERCIAL 77
TABLE 15 MARINE BATTERY MARKET, BY COMMERCIAL SHIP, 2018–2021 (USD MILLIONS) 77
TABLE 16 MARINE BATTERY MARKET, BY COMMERCIAL SHIP, 2022–2030 (USD MILLION) 77
7.2.1 PASSENGER VESSELS 78
TABLE 17 PASSENGER VESSELS: MARINE BATTERY MARKET, BY TYPE, 2018–2021 (UNITS) 78
TABLE 18 PASSENGER VESSELS: MARINE BATTERY MARKET, BY TYPE, 2022–2030 (UNITS) 78
7.2.1.1 Yachts 78
7.2.1.1.1 Use solar power to charge batteries 78
7.2.1.2 Ferries 79
7.2.1.2.1 High adoption of electric ferries in North America and Europe 79
7.2.1.3 Cruise ships 79
7.2.1.3.1 Increased adoption of hybrid-electric propulsion technology 79
7.2.2 CARGO VESSELS 80
TABLE 19 CARGO VESSELS: MARINE BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION) 80
TABLE 20 CARGO VESSELS: MARINE BATTERY MARKET, BY TYPE, 2022–2030 (USD MILLIONS) 80
7.2.2.1 Container vessels 80
7.2.2.1.1 First to adopt fully electric setup 80
7.2.2.2 Bulk carriers 81
7.2.2.2.1 Fitted with hybrid-electric propulsion systems due to constraints faced by pure battery systems 81
7.2.2.3 Tankers 81
7.2.2.3.1 Improved energy and battery systems 81
7.2.2.4 Gas tankers 81
7.2.2.4.1 Transitioning to sustainable mode of propulsion 81
7.2.2.5 Dry cargo ships 81
7.2.2.5.1 Increased demand to handle cargo volume 81
7.2.2.6 Barges 82
7.2.2.6.1 Development of battery-driven barges for emission-free sailing 82
7.2.3 OTHERS 82
TABLE 21 OTHER VESSELS: MARINE BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION) 82
TABLE 22 OTHER VESSELS: MARINE BATTERY MARKET, BY TYPE, 2022–2030 (USD MILLION) 82
7.2.3.1 Fishing vessels 83
7.2.3.1.1 Fuel consumption of fully electric fishing vessels reduced by 80% 83
7.2.3.2 Tugs and workboats 83
7.2.3.2.1 Electrification to significantly reduce emissions at ports 83
7.2.3.3 Research vessels 83
7.2.3.3.1 Market for retrofitting research vessels larger than newbuilds 83
7.2.3.4 Dredgers 83
7.2.3.4.1 Increasing adoption of electric systems to reduce emissions 83
7.3 DEFENSE 84
TABLE 23 MARINE BATTERY MARKET, BY DEFENSE SHIP, 2018–2021 (USD MILLION) 84
TABLE 24 MARINE BATTERY MARKET, BY DEFENSE SHIP, 2022–2030 (UNITS) 84
7.3.1 DESTROYERS 85
7.3.1.1 Integration of electric propulsive destroyers by navies 85
7.3.2 FRIGATES 85
7.3.2.1 Plans by naval forces to install hybrid propulsion systems for frigates 85
7.3.3 CORVETTES 85
7.3.3.1 High reliance of defense forces on all-electric propulsion corvettes 85
7.3.4 AMPHIBIOUS SHIPS 85
7.3.4.1 Naval forces to use amphibious ships with hybrid propulsion 85
7.3.5 OFFSHORE SUPPORT VESSELS (OSVS) 86
7.3.5.1 Available in hybrid and electric propulsion setup 86
7.3.6 MINESWEEPERS 86
7.3.6.1 Designed to remove or detonate naval mines 86
7.3.7 MISSILE-CARRYING BOATS AND SUPPLY BOATS 86
7.3.7.1 Wider adoption in developing countries 86
7.3.8 SUBMARINES 86
7.3.8.1 Development of electric propulsion systems 86
7.4 UNMANNED 86
TABLE 25 MARINE BATTERY MARKET, BY UNMANNED, 2018–2021 (USD MILLION) 87
TABLE 26 MARINE BATTERY MARKET, BY UNMANNED, 2022–2030 (USD MILLIONS) 87
7.4.1 REMOTELY OPERATED VEHICLES (ROVS) 87
7.4.1.1 Utilized for offshore exploration and security checks 87
7.4.2 AUTONOMOUS UNDERWATER VEHICLES (AUVS) 87
7.4.2.1 Provide more accurate data due to better payload capacity 87
8 MARINE BATTERY MARKET, BY BATTERY FUNCTION 88
8.1 INTRODUCTION 89
FIGURE 33 DUAL PURPOSE BATTERIES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 89
TABLE 27 MARINE BATTERY MARKET, BY BATTERY FUNCTION, 2018–2021 (USD MILLION) 89
TABLE 28 MARINE BATTERY MARKET, BY BATTERY FUNCTION, 2022–2030 (USD MILLION) 90
8.2 STARTING BATTERIES 90
8.2.1 PROVIDE QUICK AND POWERFUL ENERGY 90
8.3 DEEP-CYCLE BATTERIES 90
8.3.1 SUPPORT LONGER VOYAGES FOR LARGE SHIPS 90
8.4 DUAL PURPOSE BATTERIES 90
8.4.1 PREFERRED BY SMALL-SIZED VESSELS 90
9 MARINE BATTERY MARKET, BY NOMINAL CAPACITY 91
9.1 INTRODUCTION 92
FIGURE 34 >250 AH SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 29 MARINE BATTERY MARKET, BY NOMINAL CAPACITY, 2018–2021 (USD MILLION) 92
TABLE 30 MARINE BATTERY MARKET, BY NOMINAL CAPACITY, 2022–2030 (USD MILLION) 92
9.2 <100 AH 93
9.2.1 USED IN INLAND FERRIES 93
9.3 100–250 AH 93
9.3.1 OPERATES DRY CARGO VESSELS AND BARGES 93
9.4 >250 AH 93
9.4.1 HIGHER DEMAND DUE TO RISE IN SEAFARING VESSELS GLOBALLY 93
10 MARINE BATTERY MARKET, BY PROPULSION TYPE 94
10.1 INTRODUCTION 95
FIGURE 35 FULLY ELECTRIC SEGMENT TO HAVE HIGHEST GROWTH DURING FORECAST PERIOD 95
TABLE 31 MARINE BATTERY MARKET, BY PROPULSION TYPE, 2018–2021 (USD MILLION) 95
TABLE 32 MARINE BATTERY MARKET, BY PROPULSION TYPE, 2022–2030 (USD MILLION) 96
10.2 FULLY ELECTRIC 96
10.2.1 HIGH ENERGY STORAGE IN BATTERIES AND OPTIMIZED POWER CONTROL 96
TABLE 33 ALL ELECTRIC SHIP PROJECTS (GLOBAL) 96
10.3 HYBRID 97
10.3.1 REDUCES NOX AND SOX EMISSIONS 97
10.4 CONVENTIONAL 98
10.4.1 RETROFITTING HYBRID-ELECTRIC PROPULSION TO REDUCE GREENHOUSE EMISSIONS 98
11 MARINE BATTERY MARKET, BY SHIP POWER 99
11.1 INTRODUCTION 100
FIGURE 36 BY SHIP POWER, 150–745 SEGMENT TO LEAD MARINE BATTERY MARKET DURING FORECAST PERIOD 100
TABLE 34 MARINE BATTERY MARKET, BY SHIP POWER, 2018–2021 (USD MILLION) 100
TABLE 35 MARINE BATTERY MARKET, BY SHIP POWER, 2022–2030 (USD MILLIONS) 100
11.2 <75 KW 101
11.2.1 EQUIPPED IN YACHTS 101
11.3 75–150 KW 101
11.3.1 MORE DEMAND FOR FULLY ELECTRIC FERRIES 101
11.4 150–745 KW 101
11.4.1 LARGE RETROFIT POTENTIAL FOR CARGO VESSELS IN 150–745 KW RANGE 101
?
11.5 740–7,560 KW 101
11.5.1 HELP REDUCE FUEL CONSUMPTION 101
11.6 >7,560 KW 101
11.6.1 EXPECTED TO HAVE SMALLEST MARKET 101
12 MARINE BATTERY MARKET, BY BATTERY DESIGN 102
12.1 INTRODUCTION 103
FIGURE 37 LIQUID/GEL-BASED SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 103
TABLE 36 MARINE BATTERY MARKET, BY BATTERY DESIGN, 2018–2021 (USD MILLION) 103
TABLE 37 MARINE BATTERY MARKET, BY BATTERY DESIGN, 2022–2030 (USD MILLION) 103
12.2 SOLID STATE 104
12.2.1 HIGHER ENERGY DENSITY AND SAFETY AGAINST FIRE HAZARDS 104
12.3 LIQUID/GEL-BASED 104
12.3.1 ENABLES SAFER BATTERY SERVICING 104
13 MARINE BATTERY MARKET, BY BATTERY TYPE 105
13.1 INTRODUCTION 106
FIGURE 38 FUEL CELLS SEGMENT TO GROW FASTEST IN MARINE BATTERY MARKET FROM 2022 TO 2030 106
TABLE 38 MARINE BATTERY MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION) 106
TABLE 39 MARINE BATTERY MARKET, BY BATTERY TYPE, 2022–2030 (USD MILLION) 107
13.2 LITHIUM 107
13.2.1 LONG LIFE CYCLE AND HIGH POWER STORAGE 107
13.3 LEAD-ACID 107
13.3.1 DURABLE, EASILY RECYCLABLE, COST-EFFECTIVE, AND SIMPLE TO CHARGE 107
13.3.2 FLOODED 108
13.3.3 GEL 108
13.3.4 AGM 108
13.4 NICKEL CADMIUM 108
13.4.1 USED IN EMERGENCY LIGHTING, BACKUP SYSTEMS, SECONDARY POWER, AND OTHER SIMILAR APPLICATIONS 108
13.5 SODIUM-ION 109
13.5.1 HIGH ENERGY DENSITY AND LOW CHARGING TIME 109
13.6 FUEL CELLS 109
13.6.1 ALTERNATIVE TECHNOLOGY TO LITHIUM-ION AND LEAD-ACID BATTERIES 109
13.6.2 HYDROGEN-BASED 110
13.6.3 AMMONIA-BASED 110
13.6.4 OXIDE-BASED 110
13.6.5 CARBON-BASED 110
?
14 MARINE BATTERY MARKET, BY SALES CHANNEL 111
14.1 INTRODUCTION 112
FIGURE 39 OEM SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 112
TABLE 40 MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 113
TABLE 41 MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 113
14.2 OEM 113
14.2.1 HYBRID TECHNOLOGY USED FOR SUSTAINABLE EXPEDITION 113
14.3 AFTERMARKET 114
14.3.1 RETROFITTING WITH BATTERIES TO REDUCE DEPENDENCY ON CONVENTIONAL PROPULSION 114
15 MARINE BATTERY MARKET, BY ENERGY DENSITY 115
15.1 INTRODUCTION 116
TABLE 42 ENERGY DENSITY AND SYSTEM ENERGY OF VARIOUS BATTERY TYPES 116
FIGURE 40 > 500WH/KG SEGMENT TO REGISTER HIGHER CAGR THAN OTHER SEGMENTS DURING FORECAST PERIOD 116
TABLE 43 MARINE BATTERY MARKET, BY ENERGY DENSITY, 2018–2021 (USD MILLION) 116
TABLE 44 MARINE BATTERY MARKET, BY ENERGY DENSITY, 2022–2030 (USD MILLION) 117
15.2 <100 WH/KG 117
15.2.1 USED FOR SECONDARY AND EMERGENCY POWER APPLICATIONS 117
15.3 100–500 WH/KG 117
15.3.1 USED FOR PRIMARY POWER STORAGE AND PROPULSION 117
15.4 >500 WH/KG 117
15.4.1 USED FOR APPLICATIONS LIKE PROPULSION 117
16 REGIONAL ANALYSIS 118
16.1 INTRODUCTION 119
FIGURE 41 MARINE BATTERY MARKET: REGIONAL SNAPSHOT 119
16.1.1 REGIONAL RECESSION IMPACT ANALYSIS 120
FIGURE 42 NAVAL BUDGET TREND, BY REGION (2019–2022) 120
FIGURE 43 REGIONAL RECESSION IMPACT ANALYSIS 121
TABLE 45 MARINE BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION) 122
TABLE 46 MARINE BATTERY MARKET, BY REGION, 2022–2030 (USD MILLION) 122
16.2 NORTH AMERICA 122
FIGURE 44 NORTH AMERICA: MARINE BATTERY MARKET SNAPSHOT 123
16.2.1 NORTH AMERICA: PESTLE ANALYSIS 123
TABLE 47 NORTH AMERICA: MARINE BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 124
TABLE 48 NORTH AMERICA: MARINE BATTERY MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 125
TABLE 49 NORTH AMERICA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 125
TABLE 50 NORTH AMERICA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 125
TABLE 51 NORTH AMERICA: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 125
TABLE 52 NORTH AMERICA: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 126
16.2.2 US 126
16.2.2.1 Increased adoption of electric boats 126
TABLE 53 US: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 127
TABLE 54 US: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 127
TABLE 55 US: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2018–2021 (USD MILLION) 127
TABLE 56 US: MARINE BATTERY MARKET SIZE, BY SHIP TYPE, 2022–2030 (USD MILLION) 127
16.2.3 CANADA 127
16.2.3.1 Strategic decision to develop indigenous marine industry 127
TABLE 57 CANADA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 128
TABLE 58 CANADA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 128
TABLE 59 CANADA: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 128
TABLE 60 CANADA: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 129
16.3 EUROPE 129
16.3.1 EUROPE: PESTLE ANALYSIS 129
FIGURE 45 EUROPE: MARINE BATTERY MARKET SNAPSHOT 130
TABLE 61 EUROPE: MARINE BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 131
TABLE 62 EUROPE: MARINE BATTERY MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 131
TABLE 63 EUROPE: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 131
TABLE 64 EUROPE: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 132
TABLE 65 EUROPE: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 132
TABLE 66 EUROPE: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 132
16.3.2 NORWAY 132
16.3.2.1 Implementation of IMO rule 132
TABLE 67 NORWAY: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 133
TABLE 68 NORWAY: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 133
TABLE 69 NORWAY: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 133
TABLE 70 NORWAY: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 133
16.3.3 SWEDEN 134
16.3.3.1 Stringent IMO 2020 rule 134
TABLE 71 SWEDEN: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 134
TABLE 72 SWEDEN: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 134
TABLE 73 SWEDEN: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 134
TABLE 74 SWEDEN: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 135
16.3.4 NETHERLANDS 135
16.3.4.1 Push toward zero-emission ships 135
TABLE 75 NETHERLANDS: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 135
TABLE 76 NETHERLANDS: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 135
TABLE 77 NETHERLANDS: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 136
TABLE 78 NETHERLANDS: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 136
16.3.5 DENMARK 136
16.3.5.1 Stringent environmental regulations 136
TABLE 79 DENMARK: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 136
TABLE 80 DENMARK: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 137
TABLE 81 DENMARK: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 137
TABLE 82 DENMARK: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 137
16.3.6 UK 137
16.3.6.1 Rising focus on adoption of batteries by shipbuilders 137
TABLE 83 UK: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 138
TABLE 84 UK: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 138
TABLE 85 UK: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 138
TABLE 86 UK: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 138
16.3.7 FINLAND 139
16.3.7.1 Major focus on green marine technologies 139
TABLE 87 FINLAND: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 139
TABLE 88 FINLAND: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 139
TABLE 89 FINLAND: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 139
TABLE 90 FINLAND: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 139
16.3.8 REST OF EUROPE 140
TABLE 91 REST OF EUROPE: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 140
TABLE 92 REST OF EUROPE: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 140
TABLE 93 REST OF EUROPE: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 141
TABLE 94 REST OF EUROPE: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 141
16.4 ASIA PACIFIC 141
FIGURE 46 ASIA PACIFIC: MARINE BATTERY MARKET SNAPSHOT 142
TABLE 95 ASIA PACIFIC: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 142
TABLE 96 ASIA PACIFIC: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 143
TABLE 97 ASIA PACIFIC: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 143
TABLE 98 ASIA PACIFIC: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 143
TABLE 99 ASIA PACIFIC: MARINE BATTERY MARKET VOLUME, BY COUNTRY, 2018–2021 (USD MILLION) 143
TABLE 100 ASIA PACIFIC: MARINE BATTERY MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 144
16.4.1 CHINA 144
16.4.1.1 Presence of several shipbuilding companies 144
TABLE 101 CHINA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 144
TABLE 102 CHINA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 145
TABLE 103 CHINA: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 145
TABLE 104 CHINA: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 145
16.4.2 SOUTH KOREA 145
16.4.2.1 Development of fuel cells for propulsion systems 145
TABLE 105 SOUTH KOREA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 146
TABLE 106 SOUTH KOREA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 146
TABLE 107 SOUTH KOREA: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 146
TABLE 108 SOUTH KOREA: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 146
16.4.3 JAPAN 147
16.4.3.1 Increasing focus on reducing greenhouse gas emissions from international shipping 147
TABLE 109 JAPAN: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 147
TABLE 110 JAPAN: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 147
TABLE 111 JAPAN: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 147
TABLE 112 JAPAN: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 148
16.4.4 AUSTRALIA 148
16.4.4.1 Switch from diesel-driven ships to battery-propelled ships 148
TABLE 113 AUSTRALIA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 148
TABLE 114 AUSTRALIA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 148
TABLE 115 AUSTRALIA: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 149
TABLE 116 AUSTRALIA: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 149
16.4.5 INDIA 149
16.4.5.1 Demand to reduce carbon emissions 149
TABLE 117 INDIA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 149
TABLE 118 INDIA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 150
TABLE 119 INDIA: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 150
TABLE 120 INDIA: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 150
16.4.6 REST OF ASIA PACIFIC 150
16.4.6.1 Development of electric passenger ferries 150
TABLE 121 REST OF ASIA PACIFIC: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 151
TABLE 122 REST OF ASIA PACIFIC: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 151
TABLE 123 REST OF ASIA PACIFIC: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 151
TABLE 124 REST OF ASIA PACIFIC: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 151
16.5 REST OF THE WORLD 152
FIGURE 47 REST OF THE WORLD: MARINE BATTERY MARKET SNAPSHOT 152
TABLE 125 REST OF THE WORLD: MARINE BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION) 152
TABLE 126 REST OF THE WORLD: MARINE BATTERY MARKET, BY REGION, 2022–2030 (USD MILLION) 153
TABLE 127 REST OF THE WORLD: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 153
TABLE 128 REST OF THE WORLD: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 153
TABLE 129 REST OF THE WORLD: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 153
TABLE 130 REST OF THE WORLD: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 154
16.5.1 LATIN AMERICA 154
16.5.1.1 Large fleet size of ships to adopt hybrid propulsion 154
TABLE 131 LATIN AMERICA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 154
TABLE 132 LATIN AMERICA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 155
TABLE 133 LATIN AMERICA: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 155
TABLE 134 LATIN AMERICA: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 155
16.5.2 MIDDLE EAST & AFRICA 155
16.5.2.1 Retrofitting of existing ship fleet 155
TABLE 135 MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION) 155
TABLE 136 MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY SALES CHANNEL, 2022–2030 (USD MILLION) 156
TABLE 137 MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY SHIP TYPE, 2018–2021 (USD MILLION) 156
TABLE 138 MIDDLE EAST & AFRICA: MARINE BATTERY MARKET, BY SHIP TYPE, 2022–2030 (USD MILLION) 156
17 COMPETITIVE LANDSCAPE 157
17.1 INTRODUCTION 157
17.2 COMPETITIVE OVERVIEW 157
TABLE 139 KEY DEVELOPMENTS BY LEADING PLAYERS IN MARINE BATTERY MARKET BETWEEN 2018 AND 2021 157
17.3 MARKET RANKING ANALYSIS OF KEY PLAYERS, 2021 158
FIGURE 48 RANKING ANALYSIS OF TOP FIVE PLAYERS: MARINE BATTERY MARKET, 2021 158
17.4 MARKET SHARE ANALYSIS, 2021 159
TABLE 140 DEGREE OF COMPETITION 159
FIGURE 49 MARKET SHARE OF TOP PLAYERS MARINE BATTERY MARKET, 2021 (%) 159
17.5 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2021 160
FIGURE 50 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS IN MARINE BATTERY MARKET 160
17.6 COMPANY EVALUATION QUADRANT 161
17.6.1 STARS 161
17.6.2 EMERGING LEADERS 161
17.6.3 PERVASIVE PLAYERS 161
17.6.4 PARTICIPANTS 161
FIGURE 51 MARINE BATTERY MARKET COMPETITIVE LEADERSHIP MAPPING, 2021 162
TABLE 141 COMPANY PRODUCT FOOTPRINT 163
TABLE 142 COMPANY FOOTPRINT BY TECHNOLOGY 164
TABLE 143 COMPANY FOOTPRINT BY INDUSTRY 165
TABLE 144 COMPANY REGION FOOTPRINT 166
17.7 STARTUPS/SME EVALUATION QUADRANT 167
17.7.1 PROGRESSIVE COMPANIES 167
17.7.2 RESPONSIVE COMPANIES 167
17.7.3 DYNAMIC COMPANIES 167
17.7.4 STARTING BLOCKS 167
FIGURE 52 MARINE BATTERY MARKET: STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2021 168
TABLE 145 MARINE BATTERY MARKET: DETAILED LIST OF KEY STARTUPS/SMES 169
17.8 COMPETITIVE SCENARIO 169
17.8.1 DEALS 169
TABLE 146 DEALS, 2018–2022 169
TABLE 147 PRODUCT LAUNCHES, 2018–2022 18