What is the current Global Marine Battery Market size?

The Global Marine Battery Market is projected to register a CAGR of greater than 18% during the forecast period (2024-2029) Read More

Who are the key players in Global Marine Battery Market?

Siemens AG, Exide Technologies, Saft, BorgWarner Inc. and Wartsila Corporation are the major companies operating in the Global Marine Battery Market. Read More

Which is the fastest growing region in Global Marine Battery Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Marine Battery Market?

In 2024, the Europe accounts for the largest market share in Global Marine Battery Market. Read More

What years does this Global Marine Battery Market cover?

The report covers the Global Marine Battery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Marine Battery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Marine Battery Market - Revenue, Size & Share

Marine Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Marine Battery Manufacturers and it is Segmented By Battery (Lithium-ion, Nickel-Cadmium, Fuel Cell, and Lead Acid), By Ship Type (Commercial and Defense), and By Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Marine Battery Industry Overview

The marine battery market is fragmented in nature, with the presence of several players holding significant shares in the market. Some of the prominent players in the market are BorgWarner Inc., Siemens AG, Wartsila Corporation, Exide Technologies, and Saft, among others.

An increase in focus on the development of lightweight, high-power, reduced size and operates for longer duration marine batteries from OEMs drives the growth of the market. For instance, in March 2022, RELiON Battery, a lithium batteries manufacturer, launched its InSight Series 12V battery which offers boat and vessel owners the ability to power more appliances for longer while off the grid. The company stated that one battery at 120 amp-hours provides 160 amps continuous current and can power multiple appliances in a marine vessel at the same time.