Market Overview:
The global submarine electrical system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for submarines for civilian and military applications. In terms of type, the VRLA batteries segment is expected to lead the market during the forecast period, owing to their high efficiency and low maintenance requirements. By application, the military segment is projected to lead the market during the forecast period, as submarines are increasingly being used for strategic purposes by militaries across the world.
Product Definition:
A submarine electrical system is a system of electrical wiring and equipment on a submarine. The purpose of the submarine electrical system is to provide power to the various systems on the submarine. The importance of the submarine electrical system is that it provides power to all of the systems on board, including lighting, communications, weapons systems, and propulsion.
Valve-regulated Lead Acid (VRLA) Batteries:
Submarine electrical system is one of the most vital systems on a submarine. It comprises of batteries that provide power to start the diesel engines and also rechargeable batteries for operating equipment such as sound & communication systems, propulsion motors, and periscopes. Over the years, there have been significant developments in battery technology to improve its properties such as high-power density (energy storage), long life span (aging), self-discharge rate reduction, etc.
Flooded Lead Acid Batteries:
Flooded lead acid batteries are used in the submarine electrical system to supply energy to drive the equipment. They are widely used as a source of power for starting and charging battery systems, including underwater lights, motors & electronic loads, periscopes, communication systems and propulsion.
Advantages of using flooded lead-acid batteries over conventional ones include low maintenance cost and easy availability.
Application Insights:
The market is segmented by application into military and civilian. The military segment held the largest share of over 70.0% in 2017, owing to the growing demand for submarines from countries such as China, India and Russia. These countries are investing heavily in their naval capabilities and are developing advanced submarine technologies with an eye on future wars at sea.
The civil application includes ships, tugs, barges etc., that operate underwater or on surface of water without coming into direct contact with it such as oil & gas exploration activities or undersea cable maintenance etc. This sector is expected to witness significant growth over the forecast period due to increasing government initiatives for promoting energy security through diversified sources including renewable energy projects coupled with technological advancements in battery systems used across various applications such as deep-water marine vehicles (DWMV).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing military expenditure by countries such as China and India. Furthermore, rising demand for submarines in the region due to geopolitical issues is anticipated to drive the product demand over the forecast period.
North America was valued at USD X million in 2017 and is projected to grow at a moderate pace over the forecast period owing high awareness regarding submarine risks associated with coastal areas, especially in U.S., Canada, and Mexico.
Growth Factors:
- Increasing demand for submarines for naval operations
- Growing demand for submarines from commercial sector
- Development of advanced and innovative electrical systems for submarines
- Rising investments in submarine technology and modernization programs
- Proliferation of submarine-based anti-ship missiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Submarine Electrical System Market Research Report
By Type
Valve-regulated Lead Acid (VRLA) Batteries, Flooded Lead Acid Batteries, Others
By Application
For Civilian, For Military
By Companies
EnerSys Systems Sunlight SA, Exide Technologies, Zibo Torch Energy Co., Ltd., Exide Industries, EverExceed, HBL, GS Yuasa, Korea Special Battery Co., Ltd
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Submarine Electrical System Market Report Segments:
The global Submarine Electrical System market is segmented on the basis of:
Types
Valve-regulated Lead Acid (VRLA) Batteries, Flooded Lead Acid Batteries, 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
For Civilian, For Military
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:
- EnerSys Systems Sunlight SA
- Exide Technologies
- Zibo Torch Energy Co., Ltd.
- Exide Industries
- EverExceed
- HBL
- GS Yuasa
- Korea Special Battery Co., Ltd
Highlights of The Submarine Electrical System 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:
- Valve-regulated Lead Acid (VRLA) Batteries
- Flooded Lead Acid Batteries
- Others
- By Application:
- For Civilian
- For Military
- 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 Submarine Electrical System 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?
A submarine electrical system is a set of electrical systems that provide power and communication to the submarine. The systems include generators, batteries, transformers, and cables.
Some of the major players in the submarine electrical system market are EnerSys Systems Sunlight SA, Exide Technologies, Zibo Torch Energy Co., Ltd., Exide Industries, EverExceed, HBL, GS Yuasa, Korea Special Battery Co., Ltd.
The submarine electrical system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Submarine Electrical System 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. Submarine Electrical System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Submarine Electrical System Market - Supply Chain
4.5. Global Submarine Electrical System Market Forecast
4.5.1. Submarine Electrical System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Submarine Electrical System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Submarine Electrical System Market Absolute $ Opportunity
5. Global Submarine Electrical System 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. Submarine Electrical System Market Size and Volume Forecast by Type
5.3.1. Valve-regulated Lead Acid (VRLA) Batteries
5.3.2. Flooded Lead Acid Batteries
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Submarine Electrical System 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. Submarine Electrical System Market Size and Volume Forecast by Application
6.3.1. For Civilian
6.3.2. For Military
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Submarine Electrical System 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. Submarine Electrical System 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 Submarine Electrical System 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. Submarine Electrical System 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 Submarine Electrical System Demand Share Forecast, 2019-2026
9. North America Submarine Electrical System 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 Submarine Electrical System 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 Submarine Electrical System Market Size and Volume Forecast by Application
9.4.1. For Civilian
9.4.2. For Military
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Submarine Electrical System Market Size and Volume Forecast by Type
9.7.1. Valve-regulated Lead Acid (VRLA) Batteries
9.7.2. Flooded Lead Acid Batteries
9.7.3. Others
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 Submarine Electrical System Demand Share Forecast, 2019-2026
10. Latin America Submarine Electrical System 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 Submarine Electrical System 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 Submarine Electrical System Market Size and Volume Forecast by Application
10.4.1. For Civilian
10.4.2. For Military
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Submarine Electrical System Market Size and Volume Forecast by Type
10.7.1. Valve-regulated Lead Acid (VRLA) Batteries
10.7.2. Flooded Lead Acid Batteries
10.7.3. Others
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 Submarine Electrical System Demand Share Forecast, 2019-2026
11. Europe Submarine Electrical System 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 Submarine Electrical System 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 Submarine Electrical System Market Size and Volume Forecast by Application
11.4.1. For Civilian
11.4.2. For Military
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Submarine Electrical System Market Size and Volume Forecast by Type
11.7.1. Valve-regulated Lead Acid (VRLA) Batteries
11.7.2. Flooded Lead Acid Batteries
11.7.3. Others
11.8. Basis Point Share (BS) 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 Submarine Electrical System Demand Share, 2019-2026
12. Asia Pacific Submarine Electrical System 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 Submarine Electrical System 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 Submarine Electrical System Market Size and Volume Forecast by Application
12.4.1. For Civilian
12.4.2. For Military
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Submarine Electrical System Market Size and Volume Forecast by Type
12.7.1. Valve-regulated Lead Acid (VRLA) Batteries
12.7.2. Flooded Lead Acid Batteries
12.7.3. Others
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 Submarine Electrical System Demand Share, 2019-2026
13. Middle East & Africa Submarine Electrical System 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 Submarine Electrical System 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 Submarine Electrical System Market Size and Volume Forecast by Application
13.4.1. For Civilian
13.4.2. For Military
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Submarine Electrical System Market Size and Volume Forecast by Type
13.7.1. Valve-regulated Lead Acid (VRLA) Batteries
13.7.2. Flooded Lead Acid Batteries
13.7.3. Others
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 Submarine Electrical System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Submarine Electrical System Market: Market Share Analysis
14.2. Submarine Electrical System Distributors and Customers
14.3. Submarine Electrical System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EnerSys Systems Sunlight SA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exide Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zibo Torch Energy Co., Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Exide Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. EverExceed
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HBL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GS Yuasa
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Korea Special Battery Co., Ltd
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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