Product Code: GVR-4-68040-268-4
Marine Battery Market Summary
The global marine battery market size was estimated at USD 677.8 million in 2024 and is projected to reach USD 1,662.2 million by 2030, growing at a CAGR of 16.5% from 2025 to 2030. The global market is experiencing significant growth driven by increasing environmental concerns and the demand for cleaner, more sustainable energy solutions in the maritime industry.
As regulatory bodies impose stricter emissions standards, ship owners are turning to advanced battery technologies to reduce their carbon footprint and comply with regulations. This shift toward cleaner energy sources is fostering innovation in marine battery technology, leading to the development of more efficient and high-performance batteries tailored specifically for marine batteries.
One of the market's driving factors is the rising adoption of electric propulsion systems in ships and vessels. Electric propulsion offers numerous advantages, such as reduced emissions, lower fuel consumption, and quieter operation compared to traditional combustion engines. As a result, shipbuilders and operators are increasingly integrating battery systems into their vessels to leverage the benefits of electric propulsion, driving the demand for marine batteries across various maritime segments including passenger ships, ferries, yachts, and commercial vessels.
Furthermore, advancements in battery chemistry and design are enhancing the performance and reliability of marine batteries, enabling them to withstand harsh marine environments and deliver optimal power output over extended periods. Lithium-ion batteries have emerged as the preferred choice for marine batteries due to their high energy density, fast charging capabilities, and longer cycle life. In addition, ongoing research and development efforts are focused on improving the safety, efficiency, and sustainability of marine batteries, further bolstering market growth.
Despite the promising outlook, challenges such as high initial costs and concerns over battery safety and reliability remain significant hurdles for widespread adoption. However, as technology continues to mature and economies of scale drive down costs, the marine battery industry is expected to witness substantial growth in the coming years, supported by increasing investments in infrastructure, government initiatives to promote sustainable shipping practices, and growing awareness of the environmental benefits of electric propulsion systems.
Global Marine Battery Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global marine battery market report based on ships, battery, nominal capacity, propulsion type, ship power, battery design, battery type, sales channel, energy density, and region:
- Ships Outlook (Revenue, USD Million, 2018 - 2030)
- Commercial
- Defense
- Unmanned
- Battery Outlook (Revenue, USD Million, 2018 - 2030)
- Starting Batteries
- Deep-Cycle Batteries
- Dual Purpose Batteries
- Nominal Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- < 100 AH
- 100 - 250 AH
- > 250 AH
- Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)
- Conventional
- Hybrid
- Fully Electric
- Ship Power Outlook (Revenue, USD Million, 2018 - 2030)
- < 75 KW
- 75 - 150 KW
- 150 - 745 KW
- 745 KW & Above
- Battery Design Outlook (Revenue, USD Million, 2018 - 2030)
- Solid State
- Liquid/ Gel Based
- Battery Type Outlook (Revenue, USD Million, 2018 - 2030)
- Lithium
- Lead Acid
- Nickel Cadmium
- Sodium-Ion
- Fuel Cells
- Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)
- OEM
- After Market
- Energy Density Outlook (Revenue, USD Million, 2018 - 2030)
- <100 WH/Kg
- 100 - 500 WH/Kg
- >500 WH/Kg
- Regional Outlook (Volume, Million Nm3/hr, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- Central & South America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Marine Battery Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Marine Battery Market: Ship Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Marine Battery Market: Ship Movement Analysis & Market Share, 2024 & 2030
- 4.3. Commercial
- 4.3.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Defense
- 4.4.1. Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Unmanned
- 4.5.1. Unmanned Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Marine Battery Market: Battery Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Marine Battery Market: Battery Movement Analysis & Market Share, 2024 & 2030
- 5.3. Starting Batteries
- 5.3.1. Starting Batteries Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Deep-Cycle Batteries
- 5.4.1. Deep-Cycle Batteries Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Dual Purpose Batteries
- 5.5.1. Dual Purpose Batteries Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Marine Battery Market: Nominal Capacity Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Marine Battery Market: Nominal Capacity Movement Analysis & Market Share, 2024 & 2030
- 6.3. < 100 AH
- 6.3.1. < 100 AH Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. 100 - 250 AH
- 6.4.1. 100 - 250 AH Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. > 250 AH
- 6.5.1. > 250 AH Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Marine Battery Market: Propulsion Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Marine Battery Market: Propulsion Movement Analysis & Market Share, 2024 & 2030
- 7.3. Conventional
- 7.3.1. Conventional Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Hybrid
- 7.4.1. Hybrid Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Fully Electric
- 7.5.1. Fully Electric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Marine Battery Market: Ship Power Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Marine Battery Market: Ship Power Movement Analysis & Market Share, 2024 & 2030
- 8.3. < 75 KW
- 8.3.1. < 75 KW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. 75 - 150 KW
- 8.4.1. 75 - 150 KW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. 150 - 745 KW
- 8.5.1. 150 - 745 KW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. 745 KW & Above
- 8.6.1. 745 KW & Above Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Marine Battery Market: Battery Design Estimates & Trend Analysis
- 9.1. Segment Dashboard
- 9.2. Marine Battery Market: Battery Design Movement Analysis & Market Share, 2024 & 2030
- 9.3. Solid State
- 9.3.1. Solid State Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4. Liquid/Gel based
- 9.4.1. Liquid/Gel based Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Marine Battery Market: Battery Type Estimates & Trend Analysis
- 10.1. Segment Dashboard
- 10.2. Marine Battery Market: Battery Type Movement Analysis & Market Share, 2024 & 2030
- 10.3. Lithium
- 10.3.1. Lithium Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.4. Lead Acid
- 10.4.1. Lead Acid Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.5. Nickel Cadmium Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.5.1. Nickel Cadmium Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6. Sodium-Ion Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.6.1. Sodium-Ion Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.7. Fuel Cells Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 10.7.1. Fuel Cells Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 11. Marine Battery Market: Sales Channel Estimates & Trend Analysis
- 11.1. Segment Dashboard
- 11.2. Marine Battery Market: Sales Channel Movement Analysis & Market Share, 2024 & 2030
- 11.3. OEM
- 11.3.1. OEM Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 11.4. After-Market
- 11.4.1. After-Market Market Revenue Estimates and Forecasts, 2U018 - 2030 (USD Million)
Chapter 12. Marine Battery Market: Energy Density Estimates & Trend Analysis
- 12.1. Segment Dashboard
- 12.2. Marine Battery Market: Energy Density Movement Analysis & Market Share, 2024 & 2030
- 12.3. < 100 WH/Kg
- 12.3.1. < 100 WH/Kg Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 12.4. 100 - 500 WH/Kg
- 12.4.1. 100 - 500 WH/Kg Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 12.5. > 500 WH/Kg
- 12.5.1. > 500 WH/Kg Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 13. Marine Battery Market: Regional Estimates & Trend Analysis
- 13.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 13.2. North America
- 13.2.1. North America Marine Battery Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 13.2.2. U.S.
- 13.2.2.1. Key country dynamics
- 13.2.2.2. US Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.2.3. Canada
- 13.2.3.1. Key country dynamics
- 13.2.3.2. Canada Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.2.4. Mexico
- 13.2.4.1. Key country dynamics
- 13.2.4.2. Mexico Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.3. Europe
- 13.3.1. Europe Marine Battery Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 13.3.2. Germany
- 13.3.2.1. Key country dynamics
- 13.3.2.2. Germany Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.3.3. UK
- 13.3.3.1. Key country dynamics
- 13.3.3.2. UK Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.3.4. France
- 13.3.4.1. Key country dynamics
- 13.3.4.2. France Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.3.5. Italy
- 13.3.5.1. Key country dynamics
- 13.3.5.2. Italy Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.3.6. Spain
- 13.3.6.1. Key country dynamics
- 13.3.6.2. Spain Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.4. Asia Pacific
- 13.4.1. Asia Pacific Marine Battery Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 13.4.2. China
- 13.4.2.1. Key country dynamics
- 13.4.2.2. China Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.4.3. India
- 13.4.3.1. Key country dynamics
- 13.4.3.2. India Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.4.4. Japan
- 13.4.4.1. Key country dynamics
- 13.4.5. Japan Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.5. Central & South America
- 13.5.7. Central & South America Marine Battery Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 13.5.8. Brazil
- 13.5.8.1. Key country dynamics
- 13.5.8.2. Brazil Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.5.9. Argentina
- 13.5.9.1. Key country dynamics
- 13.5.9.2. Argentina Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.6. Middle East & Africa
- 13.6.1. Middles East & Africa Marine Battery Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 13.6.2. Saudi Arabia
- 13.6.2.1. Key country dynamics
- 13.6.2.2. Saudi Arabia Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.6.3. UAE
- 13.6.3.1. Key country dynamics
- 13.6.3.2. UAE Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
- 13.6.4. South Africa
- 13.6.4.1. Key country dynamics
- 13.6.4.2. South Africa Marine Battery market estimates & forecast, 2018 - 2030 (USD Million)
Chapter 14. Marine Battery Market - Competitive Landscape
- 14.1. Recent Developments & Impact Analysis, By Key Market Participants
- 14.1.1. Company Categorization
- 14.1.2. Company Heat Map
- 14.1.3. Position Analysis, 2024
- 14.1.4. Strategy Mapping
- 14.1.5. Expansion
- 14.1.6. Mergers & Acquisition
- 14.1.7. Partnerships & Collaborations
- 14.1.8. New Ship Launches
- 14.1.9. Research and Development
- 14.2. Company Profiles
- 14.2.1. Corvus Energy
- 14.2.1.1. Participant's overview
- 14.2.1.2. Financial performance
- 14.2.1.3. Ship benchmarking
- 14.2.1.4. Recent developments
- 14.2.2. Leclanche S.A.
- 14.2.2.1. Participant's overview
- 14.2.2.2. Financial performance
- 14.2.2.3. Ship benchmarking
- 14.2.2.4. Recent developments
- 14.2.3. Siemens AG
- 14.2.3.1. Participant's overview
- 14.2.3.2. Financial performance
- 14.2.3.3. Ship benchmarking
- 14.2.3.4. Recent developments
- 14.2.4. Saft S.A.
- 14.2.4.1. Participant's overview
- 14.2.4.2. Financial performance
- 14.2.4.3. Ship benchmarking
- 14.2.4.4. Recent developments
- 14.2.5. Shift Clean Energy
- 14.2.5.1. Participant's overview
- 14.2.5.2. Financial performance
- 14.2.5.3. Ship benchmarking
- 14.2.5.4. Recent developments
- 14.2.6. Echandia Marine AB
- 14.2.6.1. Participant's overview
- 14.2.6.2. Financial performance
- 14.2.6.3. Ship benchmarking
- 14.2.6.4. Recent developments
- 14.2.7. EST Floattech
- 14.2.7.1. Participant's overview
- 14.2.7.2. Financial performance
- 14.2.7.3. Ship benchmarking
- 14.2.7.4. Recent developments
- 14.2.8. Sensata Technologies Inc.
- 14.2.8.1. Participant's overview
- 14.2.8.2. Financial performance
- 14.2.8.3. Ship benchmarking
- 14.2.8.4. Recent developments
- 14.2.9. PowerTech Systems
- 14.2.9.1. Participant's overview
- 14.2.9.2. Financial performance
- 14.2.9.3. Ship benchmarking
- 14.2.9.4. Recent developments
- 14.2.10. Lifeline Batteries
- 14.2.10.1. Participant's overview
- 14.2.10.2. Financial performance
- 14.2.10.3. Ship benchmarking
- 14.2.10.4. Recent developments