Market Overview:
The global lithium-ion batteries for marine market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric boats and yachts, rising concerns over environmental pollution, and technological advancements in lithium-ion battery technology. The global lithium-ion batteries for marine market is segmented on the basis of type into Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), and Lithium Nickel Cobalt Aluminium Oxide (NCA). On the basis of application, the market is segmented into boats, yachts, underwater vehicles, and others. Geographically, the global lithium-ion batteries for marine market is segmented into North America, Latin America, Europe Asia Pacific and Middle East & Africa.
Product Definition:
Lithium-ion batteries for marine are typically used in boats, yachts and other watercraft. They are a type of rechargeable battery that uses lithium ion cells to store energy. These batteries have a number of advantages over traditional lead acid batteries, including longer life, lighter weight and faster charging times. They are also less susceptible to damage from vibration and shock.
Lithium Nickel Manganese Cobalt (LI-NMC):
LI-NMC is a type of electrolyte used in lithium-ion batteries for marine applications. It helps to improve the overall performance and life span of the battery by controlling and stabilizing the flow of current between electrodes, thus preventing self-discharge. The chemical formula is also known as NMC (Nickel Manganese Cobalt) due to its key ingredients being nickel manganese cobalt oxide.
Lithium Iron Phosphate (LFP):
Lithium iron phosphate (LFP) is a chemical compound of interest in the lithium-ion batteries used for marine applications. It has the formula 3FePO4.5-2H2O, which can be written as FePO4.5H2O or Ferric Phosphate Dihydrate.
Application Insights:
The boats segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for electric power boats from commercial as well as recreational users is anticipated to drive the segment. Moreover, increasing government initiatives towards reducing carbon emissions are likely to propel industry growth over the coming years.
Yachts and underwater vehicles application segments are also expected to witness considerable growth owing to rising consumer awareness regarding energy conservation coupled with technological advancements in battery systems. For instance, LFP batteries have higher capacity than NMC or LMO batteries of same weight due largelyto their superior performance characteristics such as high discharge rate and longer life span at a lower depth of discharge (DoD).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key players, such as Panasonic Corporation; Samsung Electro-Mechanics Co., Ltd.; Sony Corporation; and LG Chem Inc.; has resulted in high demand for batteries across this region. Moreover, increasing investments by companies for manufacturing lithium-ion battery cells are also contributing towards market growth. For instance, In January 2018, Panasonic Corp invested USD X million to expand its automotive battery production capacity at its plant in Kanagawa Prefecture Japan with an aim to meet growing demand from electric vehicles market.
North America is anticipated to witness significant growth over the forecast period owing to rising product adoption across various applications including marine electronics & appliances industry along with a rise in recreational boating activities that require installation of advanced marine electronics systems such as GPS navigation systems.
Growth Factors:
- Increasing demand for electric and hybrid vessels
- Development of advanced lithium-ion battery chemistries
- Growing popularity of energy storage systems
- Proliferation of maritime applications for lithium-ion batteries
- Reduction in the cost of lithium-ion batteries
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium-ion Batteries for Marine Market Research Report
By Type
Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminium Oxide (NCA)
By Application
Boats, Yachts, Underwater Vehicles
By Companies
BAK, BYD, LG Chem, Panasonic, Samsung, GS Yuasa, Hitachi, Johnson Controls, Toshiba, A123 Systems, Saft Batteries, Cell-Con, Amperex Technology, Boston-Power, Ecsem Industrial, Electrovaya
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Lithium-ion Batteries for Marine Market Report Segments:
The global Lithium-ion Batteries for Marine market is segmented on the basis of:
Types
Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminium Oxide (NCA)
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
Boats, Yachts, Underwater Vehicles
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:
- BAK
- BYD
- LG Chem
- Panasonic
- Samsung
- GS Yuasa
- Hitachi
- Johnson Controls
- Toshiba
- A123 Systems
- Saft Batteries
- Cell-Con
- Amperex Technology
- Boston-Power
- Ecsem Industrial
- Electrovaya
Highlights of The Lithium-ion Batteries for Marine 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:
- Lithium Nickel Manganese Cobalt (LI-NMC)
- Lithium Iron Phosphate (LFP)
- Lithium Cobalt Oxide (LCO)
- Lithium Titanate Oxide (LTO)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminium Oxide (NCA)
- By Application:
- Boats
- Yachts
- Underwater Vehicles
- 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 Lithium-ion Batteries for Marine 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.
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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?
Lithium-ion batteries are used in marine applications because they have a high energy density and can be discharged and recharged many times without losing their capacity. They are also resistant to seawater, which makes them ideal for use in boats and ships.
Some of the major companies in the lithium-ion batteries for marine market are BAK, BYD, LG Chem, Panasonic, Samsung, GS Yuasa, Hitachi, Johnson Controls, Toshiba, A123 Systems, Saft Batteries, Cell-Con, Amperex Technology, Boston-Power, Ecsem Industrial, Electrovaya.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium-ion Batteries for Marine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lithium-ion Batteries for Marine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium-ion Batteries for Marine Market - Supply Chain
4.5. Global Lithium-ion Batteries for Marine Market Forecast
4.5.1. Lithium-ion Batteries for Marine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium-ion Batteries for Marine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium-ion Batteries for Marine Market Absolute $ Opportunity
5. Global Lithium-ion Batteries for Marine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lithium-ion Batteries for Marine Market Size and Volume Forecast by Type
5.3.1. Lithium Nickel Manganese Cobalt (LI-NMC)
5.3.2. Lithium Iron Phosphate (LFP)
5.3.3. Lithium Cobalt Oxide (LCO)
5.3.4. Lithium Titanate Oxide (LTO)
5.3.5. Lithium Manganese Oxide (LMO)
5.3.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium-ion Batteries for Marine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lithium-ion Batteries for Marine Market Size and Volume Forecast by Application
6.3.1. Boats
6.3.2. Yachts
6.3.3. Underwater Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium-ion Batteries for Marine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lithium-ion Batteries for Marine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lithium-ion Batteries for Marine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lithium-ion Batteries for Marine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lithium-ion Batteries for Marine Demand Share Forecast, 2019-2029
9. North America Lithium-ion Batteries for Marine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lithium-ion Batteries for Marine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lithium-ion Batteries for Marine Market Size and Volume Forecast by Application
9.4.1. Boats
9.4.2. Yachts
9.4.3. Underwater Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium-ion Batteries for Marine Market Size and Volume Forecast by Type
9.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
9.7.2. Lithium Iron Phosphate (LFP)
9.7.3. Lithium Cobalt Oxide (LCO)
9.7.4. Lithium Titanate Oxide (LTO)
9.7.5. Lithium Manganese Oxide (LMO)
9.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lithium-ion Batteries for Marine Demand Share Forecast, 2019-2029
10. Latin America Lithium-ion Batteries for Marine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lithium-ion Batteries for Marine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lithium-ion Batteries for Marine Market Size and Volume Forecast by Application
10.4.1. Boats
10.4.2. Yachts
10.4.3. Underwater Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium-ion Batteries for Marine Market Size and Volume Forecast by Type
10.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
10.7.2. Lithium Iron Phosphate (LFP)
10.7.3. Lithium Cobalt Oxide (LCO)
10.7.4. Lithium Titanate Oxide (LTO)
10.7.5. Lithium Manganese Oxide (LMO)
10.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lithium-ion Batteries for Marine Demand Share Forecast, 2019-2029
11. Europe Lithium-ion Batteries for Marine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lithium-ion Batteries for Marine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lithium-ion Batteries for Marine Market Size and Volume Forecast by Application
11.4.1. Boats
11.4.2. Yachts
11.4.3. Underwater Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium-ion Batteries for Marine Market Size and Volume Forecast by Type
11.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
11.7.2. Lithium Iron Phosphate (LFP)
11.7.3. Lithium Cobalt Oxide (LCO)
11.7.4. Lithium Titanate Oxide (LTO)
11.7.5. Lithium Manganese Oxide (LMO)
11.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lithium-ion Batteries for Marine Demand Share, 2019-2029
12. Asia Pacific Lithium-ion Batteries for Marine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lithium-ion Batteries for Marine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lithium-ion Batteries for Marine Market Size and Volume Forecast by Application
12.4.1. Boats
12.4.2. Yachts
12.4.3. Underwater Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium-ion Batteries for Marine Market Size and Volume Forecast by Type
12.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
12.7.2. Lithium Iron Phosphate (LFP)
12.7.3. Lithium Cobalt Oxide (LCO)
12.7.4. Lithium Titanate Oxide (LTO)
12.7.5. Lithium Manganese Oxide (LMO)
12.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lithium-ion Batteries for Marine Demand Share, 2019-2029
13. Middle East & Africa Lithium-ion Batteries for Marine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lithium-ion Batteries for Marine Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lithium-ion Batteries for Marine Market Size and Volume Forecast by Application
13.4.1. Boats
13.4.2. Yachts
13.4.3. Underwater Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium-ion Batteries for Marine Market Size and Volume Forecast by Type
13.7.1. Lithium Nickel Manganese Cobalt (LI-NMC)
13.7.2. Lithium Iron Phosphate (LFP)
13.7.3. Lithium Cobalt Oxide (LCO)
13.7.4. Lithium Titanate Oxide (LTO)
13.7.5. Lithium Manganese Oxide (LMO)
13.7.6. Lithium Nickel Cobalt Aluminium Oxide (NCA)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lithium-ion Batteries for Marine Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Lithium-ion Batteries for Marine Market: Market Share Analysis
14.2. Lithium-ion Batteries for Marine Distributors and Customers
14.3. Lithium-ion Batteries for Marine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BAK
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BYD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LG Chem
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Panasonic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Samsung
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GS Yuasa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Johnson Controls
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toshiba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. A123 Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Saft Batteries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cell-Con
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Amperex Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Boston-Power
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ecsem Industrial
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Electrovaya
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook