Market Overview:
The global marine lithium ion batteries market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric and hybrid vessels, rising concerns over environmental pollution, and technological advancements in marine lithium ion batteries. Based on type, the global marine lithium ion batteries market can be segmented into 12V, 24V, 36V, 48V, 60V, 72V and others. Based on application, the market can be divided into fishing boats,, cargo ships,, luxury yachts,, military vessels and others. Geographically speaking,. North America is expected to lead the global marine lithium ion batteries market during the forecast period owing to high demand from commercial as well as recreational vessels.
Product Definition:
A Marine Lithium Ion Battery is a type of battery used in marine applications. They are often used in place of traditional lead-acid batteries, as they are lighter and have a longer lifespan. Marine Lithium Ion Batteries can also be recharged more quickly than lead-acid batteries.
12V:
12V is the voltage of a battery that provides more energy than 8V or 14V batteries. The higher the voltage, the more energy it provides. 12 V batteries are used in power tools, electric cars and forklifts among other applications where high power is required. It has been observed that low maintenance cost along with long life span and ease of use are some major factors responsible for increased adoption of 12 V batteries in marine applications as well.
24V:
24V is a voltage range that is used in marine lithium-ion batteries. It helps in providing more power to the engine and equipment. The 24V battery offers higher energy density as compared to conventional 12 V batteries, which results in reduced weight and increased reliability for equipment such as winches, life rafts, handheld tools etc.
Application Insights:
Fishing boats accounted for the largest share in 2017 and are expected to continue their dominance over the forecast period. These batteries provide power for fish finders, communication equipment, refrigeration systems and other amenities on board fishing vessels. The growing importance of marine electronics owing to rising demand from recreational fishermen is expected to drive industry growth over the coming years.
The cargo ships segment is projected to witness significant growth during the forecast period on account of increasing trade activities across various regions coupled with stringent regulations regarding pollution levels onboard cargo ships. Cargo ships are also used as floating offices where crew members work inside covered areas called ¢â‚¬Ëœbays¢â‚¬ that have doors that can be closed at night time or when it rains so as not to get affected by weather conditions outside.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for marine batteries in countries, such as China and Japan. Factors, such as rising disposable income of consumers and rapid industrialization & urbanization are also driving the regional market growth. Moreover, growing popularity of water sports activities will boost product demand in this region. Increasing use of electric boats across U.S.
North America was valued at USD X million in 2017 owing to high consumption of recreational vehicles (RVs) along with commercial vessels used for transportation and fishing purposes across U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for marine lithium ion batteries, as they are used to power these vehicles.
- Development of advanced battery technologies: Marine lithium ion batteries are becoming increasingly popular due to their high performance and long life cycle. This has led to the development of advanced battery technologies, which is further expected to boost the market growth during the forecast period.
- Growing popularity of hybrid boats: Hybrid boats use both diesel and electric power sources, which makes them more fuel-efficient than traditional boats. This is driving their adoption among consumers, thereby leading to an increase in demand for marine lithium ion batteries across different regions worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Lithium Ion Batteries Market Research Report
By Type
12V, 24V, 36V, 48V, 60V, 72V, Others
By Application
Fishing Boats, Cargo Ships, Luxury Yachts, Military, Others
By Companies
Corvus Energy, Siemens, RELiON, Mastervolt, MG Energy Systems B.V, Super B, Trojan Battery Company, Smart Battery, Saft (Total), Samsung SDI, EVE Energy Co
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Marine Lithium Ion Batteries Market Report Segments:
The global Marine Lithium Ion Batteries market is segmented on the basis of:
Types
12V, 24V, 36V, 48V, 60V, 72V, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fishing Boats, Cargo Ships, Luxury Yachts, Military, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Corvus Energy
- Siemens
- RELiON
- Mastervolt
- MG Energy Systems B.V
- Super B
- Trojan Battery Company
- Smart Battery
- Saft (Total)
- Samsung SDI
- EVE Energy Co
Highlights of The Marine Lithium Ion Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 12V
- 24V
- 36V
- 48V
- 60V
- 72V
- Others
- By Application:
- Fishing Boats
- Cargo Ships
- Luxury Yachts
- Military
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Lithium Ion Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine lithium ion batteries are a type of rechargeable battery that is designed for use in marine applications. These batteries are typically lighter and more durable than traditional lead-acid batteries, making them ideal for powering small electronics and devices on boats. Marine lithium ion batteries also have a longer lifespan than traditional lead-acid batteries, meaning they will not need to be replaced as often.
Some of the major players in the marine lithium ion batteries market are Corvus Energy, Siemens, RELiON, Mastervolt, MG Energy Systems B.V, Super B, Trojan Battery Company, Smart Battery, Saft (Total), Samsung SDI, EVE Energy Co.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Lithium Ion Batteries Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Lithium Ion Batteries Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Lithium Ion Batteries Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Lithium Ion Batteries Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Lithium Ion Batteries Market Size & Forecast, 2020-2028
4.5.1 Marine Lithium Ion Batteries Market Size and Y-o-Y Growth
4.5.2 Marine Lithium Ion Batteries Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 12V
5.2.2 24V
5.2.3 36V
5.2.4 48V
5.2.5 60V
5.2.6 72V
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fishing Boats
6.2.2 Cargo Ships
6.2.3 Luxury Yachts
6.2.4 Military
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Lithium Ion Batteries Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Lithium Ion Batteries Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 12V
9.6.2 24V
9.6.3 36V
9.6.4 48V
9.6.5 60V
9.6.6 72V
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fishing Boats
9.10.2 Cargo Ships
9.10.3 Luxury Yachts
9.10.4 Military
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 12V
10.6.2 24V
10.6.3 36V
10.6.4 48V
10.6.5 60V
10.6.6 72V
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fishing Boats
10.10.2 Cargo Ships
10.10.3 Luxury Yachts
10.10.4 Military
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 12V
11.6.2 24V
11.6.3 36V
11.6.4 48V
11.6.5 60V
11.6.6 72V
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fishing Boats
11.10.2 Cargo Ships
11.10.3 Luxury Yachts
11.10.4 Military
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 12V
12.6.2 24V
12.6.3 36V
12.6.4 48V
12.6.5 60V
12.6.6 72V
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fishing Boats
12.10.2 Cargo Ships
12.10.3 Luxury Yachts
12.10.4 Military
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 12V
13.6.2 24V
13.6.3 36V
13.6.4 48V
13.6.5 60V
13.6.6 72V
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fishing Boats
13.10.2 Cargo Ships
13.10.3 Luxury Yachts
13.10.4 Military
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Lithium Ion Batteries Market: Competitive Dashboard
14.2 Global Marine Lithium Ion Batteries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Corvus Energy
14.3.2 Siemens
14.3.3 RELiON
14.3.4 Mastervolt
14.3.5 MG Energy Systems B.V
14.3.6 Super B
14.3.7 Trojan Battery Company
14.3.8 Smart Battery
14.3.9 Saft (Total)
14.3.10 Samsung SDI
14.3.11 EVE Energy Co
