Marine Lithium-ion Batteries Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (LiFePO4, Lithium Cobalt Oxide, Lithium Nickel Cobalt Aluminum Oxide), By Voltage (6V, 12V, 24V), By Rechargeable/Non-Rechargeable (Rechargeable, Non-Rechargeable), By Application (Automotive, Marine, Industrial and Energy Storage, Consumer Electronics), By Region, By Competition 2018-2028

  • Industry : Power
  • Pages : NA
  • Published Date : NA
Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 409.31 Million

CAGR (2023-2028)

19.03%

Fastest Growing Segment

Marine

Largest Market

Asia Pacific


Market Overview

Global Marine Lithium-ion Batteries Market was valued at USD 409.31 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of  19.03% through 2028. Marine lithium-ion batteries can be used for workboats, ferries, offshore support, cruise ships, and cargo ships. They perform better than many lead-acid batteries, have a longer service life, are lighter, and take up less space. Li-ion batteries can provide a higher percentage of the nominal capacity than lead-acid batteries without shortening their service life. They maintain voltage for most of the discharge cycle. More and more ships are switching to hybrid or fully electric, relying more and more on lithium batteries and energy storage as power sources. The technology has proven to be reliable and robust. In recent years, the number of hybrid and fully electric ships in the maritime industry has increased. It is estimated that almost all merchant ships will soon install some energy storage system as part of their power system, and lithium-ion batteries are becoming one of the most popular options for ship operators. These factors will help drive the market during the forecast period. According to DNV GL, a provider of quality assurance and risk management services to the marine industry, 356 all-electric or hybrid vessels were either in operation or under construction as of July 2019. There were 318 liquefied natural gas (LNG) ships sailing or on order by July 2019.There are some restraints for the market as well. Thermal runaway is the most significant risk associated with the use of lithium-ion batteries. If the battery cell is damaged or receives intense heat, it will undergo an exothermic reaction, which will generate more and more heat. This risk is prevalent in marine environments due to the large batteries required for ship operations than batteries used in automobiles or airplanes. For shipping, the possibility of people near the battery is very high. Lithium battery failure can also release explosive gas, especially when water is involved. Water can react with lithium to produce highly flammable hydrogen, and since ship battery systems are often indoors, the risk of explosion is significantly increased.

Key Market Drivers

Environmental Regulations and Sustainability Initiatives

One of the primary drivers of the global marine lithium-ion batteries market is the increasing focus on environmental regulations and sustainability initiatives in the maritime industry. As concerns about air and water pollution grow, governments and international organizations are implementing stricter emissions standards for ships. This has led to a shift toward cleaner and more sustainable propulsion systems, with electric and hybrid propulsion systems powered by lithium-ion batteries being a preferred choice.

The significance of this driver is evident in its contribution to reduced greenhouse gas emissions and the overall environmental sustainability of maritime transportation. Marine lithium-ion batteries enable vessels to operate more efficiently, reduce harmful emissions, and comply with stringent environmental regulations. The trend towards electrification is not limited to land-based transportation; it is also transforming the maritime industry. Electrification involves replacing traditional internal combustion engines with electric propulsion systems powered by lithium-ion batteries. Electric and hybrid vessels are becoming increasingly popular for passenger ferries, cruise ships, and even cargo ships.

The significance of this trend lies in its potential to significantly reduce the carbon footprint of the maritime sector. Electric propulsion systems powered by marine lithium-ion batteries offer zero-emission operation, making them a key solution for sustainable maritime transport. Continuous advancements in lithium-ion battery technology are a crucial driver of the marine lithium-ion batteries market. These advancements include improvements in energy density, cycle life, safety features, and charging capabilities. As battery technology evolves, marine lithium-ion batteries become more efficient, reliable, and cost-effective.

The significance of this driver is seen in its ability to enhance the performance and attractiveness of marine lithium-ion batteries. Advancements in battery technology lead to increased energy storage capacity and improved vessel range, making electric and hybrid propulsion systems more practical and appealing to shipbuilders and operators. Another driving force behind the adoption of marine lithium-ion batteries is the potential for significant economic benefits and cost savings. Although the initial investment in lithium-ion battery systems can be higher than traditional propulsion systems, the long-term operational savings are compelling. Lower fuel and maintenance costs, along with reduced downtime and longer service life, contribute to substantial cost savings over the lifespan of a vessel.

The significance of this driver is evident in its impact on the financial viability of electric and hybrid vessels. Cost-conscious shipowners and operators are increasingly recognizing the financial advantages of transitioning to marine lithium-ion batteries.

Energy Efficiency and Performance

Marine lithium-ion batteries offer exceptional energy efficiency and performance advantages over conventional power sources. These batteries can deliver high power output, enabling vessels to accelerate quickly and maintain consistent speeds. Additionally, lithium-ion batteries are highly efficient in converting stored energy into propulsion, minimizing energy waste.

The significance of this driver is reflected in the superior performance of vessels equipped with lithium-ion batteries. Electric and hybrid propulsion systems powered by marine lithium-ion batteries provide better acceleration, increased maneuverability, and improved overall operational efficiency. Noise reduction is a critical consideration in the maritime industry, especially for passenger vessels. Traditional diesel engines can be noisy and disruptive to passengers. In contrast, electric propulsion systems powered by marine lithium-ion batteries operate quietly, significantly reducing noise levels on board. This noise reduction contributes to a more comfortable and enjoyable passenger experience.

The significance of this driver is apparent in its ability to enhance the competitiveness of electric and hybrid vessels, particularly in the passenger ferry and cruise ship sectors. Quieter operation and reduced vibrations lead to increased passenger satisfaction and attract more environmentally conscious travelers.

Government Incentives and Subsidies:

Many governments around the world are providing incentives and subsidies to encourage the adoption of cleaner and more sustainable transportation technologies, including marine lithium-ion batteries. These incentives can include tax breaks, grants, and subsidies for the purchase and installation of electric and hybrid propulsion systems. The significance of this driver lies in its role in accelerating the transition to marine lithium-ion batteries by reducing the financial barriers for shipowners and operators. Government support fosters greater adoption of eco-friendly propulsion systems in the maritime industry.

Growing Demand for Eco-Friendly Vessels

The global shift towards sustainability and eco-friendliness is influencing consumer preferences and shaping market demand. Passengers and cargo shippers are increasingly seeking eco-friendly transportation options, leading to a growing demand for vessels equipped with electric or hybrid propulsion systems powered by marine lithium-ion batteries.

The significance of this trend is evident in its impact on market dynamics. Vessel manufacturers and operators are responding to this demand by expanding their offerings of eco-friendly maritime transportation solutions.

Energy Storage for Renewable Energy Integration

Marine lithium-ion batteries also play a crucial role in the integration of renewable energy sources into maritime operations. Vessels can use surplus energy from renewable sources like wind and solar power to charge their batteries, reducing reliance on fossil fuels and further lowering emissions. The significance of this driver is seen in its contribution to the broader goal of reducing the environmental impact of maritime transport. By facilitating the integration of renewable energy, marine lithium-ion batteries enable vessels to operate more sustainably and reduce their carbon footprint.

In conclusion, the global marine lithium-ion batteries market is experiencing substantial growth driven by a convergence of factors, including environmental regulations, electrification trends, technological advancements, economic benefits, energy efficiency, noise reduction, government incentives, growing demand for eco-friendly vessels, and energy storage for renewable energy integration. These drivers collectively shape the market, driving innovation and adoption of marine lithium-ion batteries as a sustainable and economically viable propulsion solution for the maritime industry. As the world seeks to reduce emissions and transition to cleaner transportation options, the importance of marine lithium-ion batteries in facilitating sustainable maritime transport cannot be overstated.

 

Download Free Sample Report

Key Market Challenges

Scalability and Mass Production

The scalability and mass production of breathing batteries represent a critical challenge that could potentially impede the growth of the global Marine Lithium-ion Batteries market. While these batteries offer promising advantages in terms of energy density, safety, and sustainability, achieving large-scale production at an affordable cost is essential for widespread adoption. Several factors contribute to the challenge of scalability and mass production in the context of breathing batteries, Complex Manufacturing Processes: Breathing batteries often require intricate manufacturing processes that involve specialized materials and precise assembly techniques. These complexities can slow down production and increase the likelihood of defects, making it challenging to scale up efficiently.

Materials Availability: The materials used in breathing batteries, such as solid electrolytes or unique electrode materials, may have limited availability or be expensive to source in large quantities. This can hinder mass production efforts and drive-up costs. Quality Control: Maintaining consistent quality across a large volume of breathing batteries is essential to ensure their safety and performance. Rigorous quality control measures must be implemented to identify and rectify defects, which can be resource intensive.

Production Equipment: Scaling up battery production often requires significant investments in specialized equipment. Manufacturers may need to retrofit or build new facilities to accommodate the unique requirements of Marine Lithium-ion Batteries production. Cost Challenges: Achieving economies of scale is critical for reducing the cost of breathing batteries. The initial stages of production may be cost-prohibitive, making it challenging for breathing batteries to compete with established battery technologies in terms of pricing.

Time-Consuming Research: Developing and optimizing the manufacturing processes for breathing batteries can be time-consuming. Extensive research and development efforts are required to streamline production and overcome manufacturing hurdles. Environmental Considerations: Sustainability concerns in battery production are on the rise. Ensuring that the manufacturing processes for breathing batteries are environmentally friendly and energy-efficient adds an additional layer of complexity to scaling up production. Market Competition: Breathing batteries face stiff competition from established battery technologies like lithium-ion, which benefit from mature supply chains and established production processes. Convincing manufacturers to invest in the development of Marine Lithium-ion Batteries production facilities can be challenging in this competitive landscape.

Regulatory Compliance: Meeting regulatory standards and safety certifications for mass-produced breathing batteries is crucial. Navigating the complex regulatory landscape can be time-consuming and costly. Addressing these challenges will require collaborative efforts from researchers, manufacturers, and industry stakeholders. It will also necessitate significant investments in research and development, process optimization, and infrastructure development. As the technology matures and more experience is gained in scaling up production, breathing batteries may become more competitive and accessible. However, successfully achieving scalability and mass production is a critical hurdle that must be overcome for breathing batteries to realize their potential and gain broader acceptance in various industries and applications.

Charging Infrastructure

Charging infrastructure presents a significant challenge that could potentially hamper the growth of the global Marine Lithium-ion Batteries market. While breathing batteries offer promising advantages in terms of energy density and fast charging capabilities, they rely on a well-developed and compatible charging infrastructure to unlock their full potential. Here are several reasons why charging infrastructure can be a bottleneck for the adoption of breathing batteries, Compatibility Issues: Breathing batteries may require different charging protocols, connectors, or voltage levels compared to conventional lithium-ion batteries. Incompatibility with existing charging infrastructure can lead to logistical challenges and discourage users from adopting breathing batteries.

Investment and Deployment Costs: Building a robust charging infrastructure is a significant investment for governments, businesses, and individuals. Adapting or creating new charging stations tailored for breathing batteries can be costly and time-consuming, potentially deterring potential adopters. Limited Availability: In many regions, charging infrastructure for traditional batteries, such as lithium-ion, is already well-established, making it readily accessible to consumers. Marine Lithium-ion Batteries charging infrastructure may lag behind in availability and convenience, making it less attractive to users.

Consumer Convenience: The convenience of charging plays a crucial role in consumer adoption. Users may be reluctant to switch to breathing batteries if they perceive a lack of readily available charging stations, especially for applications like electric vehicles where range anxiety is a concern. Standardization Challenges: Establishing industry standards for Marine Lithium-ion Batteries charging can be complex, involving multiple stakeholders and regulatory bodies. Delays or disagreements in the standardization process can hinder the development of a uniform and interoperable charging infrastructure.

Regulatory Hurdles: Regulations and safety standards for charging infrastructure may need to be updated or adapted to accommodate the unique characteristics of breathing batteries. Navigating the regulatory landscape can be time-consuming and may slow down infrastructure development. Market Competition: Established battery technologies, such as lithium-ion, have a head start in terms of charging infrastructure. Breathing batteries face stiff competition in trying to gain a foothold in a market where competitors have already invested heavily in charging networks.

Consumer Education: Educating consumers about the benefits and usage of breathing batteries and their associated charging infrastructure is crucial. A lack of awareness can lead to resistance and slow adoption rates. Despite these challenges, the growth of the global Marine Lithium-ion Batteries market is not insurmountable. Strategic planning, collaboration among industry stakeholders, government incentives, and investments in charging infrastructure development can help address these issues. Over time, as more Marine Lithium-ion Batteries-powered applications gain traction, and as charging infrastructure expands and matures, the adoption of breathing batteries is likely to become more feasible and widespread. Nonetheless, these challenges must be carefully managed to ensure the successful integration of breathing batteries into various industries and applications.

Key Market Trends

Rise of Electric Vehicles (EVs)

The rise of Electric Vehicles (EVs) is emerging as a compelling driver for the global Marine Lithium-ion Batteries market. As the automotive industry undergoes a profound transformation toward electrification, the demand for advanced energy storage solutions that can power EVs efficiently and sustainably has surged. Breathing batteries are gaining prominence as a promising technology to address the unique requirements of electric vehicles, and this trend is reshaping the future of the automotive industry. Breathing batteries offer several key advantages that make them well-suited for EVs. Their high energy density allows for longer driving ranges on a single charge, addressing a crucial concern for consumers. Additionally, the rapid charge and discharge capabilities of breathing batteries can significantly reduce charging times, enhancing the convenience and practicality of EVs.

Range anxiety, a common concern for potential EV buyers, is alleviated by breathing batteries' ability to store more energy, extending the distance a vehicle can travel before needing a recharge. This not only enhances the appeal of electric vehicles but also aligns with the broader goal of reducing greenhouse gas emissions and dependence on fossil fuels. Moreover, breathing batteries are often considered safer and more environmentally friendly than traditional lithium-ion batteries, which is particularly appealing as safety standards for electric vehicles continue to evolve.

As automakers and researchers continue to invest in the development and commercialization of breathing batteries for electric vehicles, it is expected that this trend will play a pivotal role in shaping the global battery market. The widespread adoption of breathing batteries in the EV sector could drive innovation, lower production costs, and further accelerate the transition toward a greener and more sustainable transportation ecosystem, making electric vehicles more accessible and attractive to consumers worldwide.

Wearable and Portable Electronics

The growing market for wearable and portable electronics is emerging as a significant driving force behind the global Marine Lithium-ion Batteries market. As technology continues to advance, the demand for smaller, lighter, and more energy-efficient power sources has surged, making breathing batteries an increasingly attractive solution for powering these devices. Wearable devices, including smartwatches, fitness trackers, and medical wearables, have become integral parts of modern life, offering features like health monitoring, communication, and data tracking. However, the limited battery life of these devices has been a persistent challenge. Breathing batteries, with their high energy density and lightweight characteristics, are well-suited to address this issue by extending the runtime of wearables between charges.

Portable electronics, such as smartphones, tablets, and wireless earbuds, also benefit from the advantages of breathing batteries. These devices have become essential for communication, work, and entertainment, but users often face the inconvenience of frequent recharging. Breathing batteries can offer longer usage times, reducing the need for constant recharging and enhancing the overall user experience. The trend towards miniaturization in electronics, driven by consumer preferences for sleek and compact devices, further amplifies the appeal of breathing batteries. Their compact form factor allows manufacturers to design smaller and lighter gadgets without compromising on battery performance.

As consumer demand for wearables and portable electronics continues to grow, so does the demand for energy-dense, long-lasting, and lightweight power solutions. Breathing batteries are positioned to meet these requirements, making them an ideal fit for the expanding market of wearable and portable electronic devices. In conclusion, the proliferation of wearables and portable electronics is propelling the global Marine Lithium-ion Batteries market forward. These batteries not only enhance the usability and convenience of these devices but also align with the broader trend toward sustainable and efficient energy solutions. As the wearable and portable electronics market continues to thrive, the demand for breathing batteries is expected to rise, driving innovation and further integration of this technology into various consumer electronics applications.

Segmental Insights

Application Insights

Marine applications are expected to dominate the global marine lithium-ion batteries market in the coming years. This is due to a number of factors, including.​ Electric and hybrid marine vessels are becoming increasingly popular due to their environmental benefits and lower operating costs. Marine lithium-ion batteries are essential for these vessels, as they provide a lightweight and energy-dense power source. The volume of maritime trade is increasing rapidly, which is driving the demand for more efficient and environmentally friendly shipping vessels. Marine lithium-ion batteries can help to reduce emissions and fuel costs for shipping vessels. Governments around the world are providing financial and other forms of support to promote the adoption of green shipping technologies, such as marine lithium-ion batteries.

 

Download Free Sample Report

Regional Insights

The Asia Pacific region has established itself as the leader in the Global Marine Lithium-ion Batteries Market with a significant revenue share in 2022.  The Asia Pacific region is a major shipbuilding hub, and the growing demand for new ships is driving the demand for marine lithium-ion batteries. The Asia Pacific region is also a major maritime trade hub, and the growing volume of maritime trade is driving the demand for more efficient and environmentally friendly shipping vessels. Marine lithium-ion batteries can help to reduce emissions and fuel costs for shipping vessels. Governments in the Asia Pacific region are providing financial and other forms of support to promote the adoption of green shipping technologies, such as marine lithium-ion batteries. The Asia Pacific region is home to some of the world's leading battery manufacturers, such as China's CATL and BYD. These companies are investing heavily in the development and production of marine lithium-ion batteries.

Recent Developments

  • In October 2019, the Norwegian Maritime Authority published an alert regarding a fire in a lithium-ion battery room on a passenger ferry called MF Ytterøyningen. The subsequent gas explosion caused the ferry significant damage.
  • In September 2018, a superyacht My Kanga, in Croatia, caught fire due to the lithium-ion batteries. As leisure activities drive the market's demand for marine lithium batteries and the need for water activities continues to increase, North America is expected to see significant growth during the forecast period.
  • As of 2019, the United States boasts of having 158 superyachts, the highest globally, and many other marine vessels and boats. Spain and Greece are the fastest growing countries in terms of the number of superyachts.

Key Market Players

  • Panasonic Corporation
  • BYD Co. Ltd
  • GS Yuasa International Ltd.
  • TSECH Co.
  • LG Chem
  • ReLieVe
  • Hitachi Chemical Company Ltd.
  • Samsung SDI
  • Exide Technologies
  • Robert Bosch GmbH

By Type

By Voltage

By Rechargeable/Non-Rechargeable

By Application

By Region
  • LiFePO4
  • Lithium Cobalt Oxide
  • Lithium Nickel Cobalt Aluminum Oxide
  • 6V
  • 12V
  • 24V
  • Rechargeable
  • Non-Rechargeable
  • Automotive
  • Marine
  • Industrial and Energy Storage
  • Consumer Electronics
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

 

Report Scope:

In this report, the Global Marine Lithium-ion Batteries Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Marine Lithium-ion Batteries Market, By Type:

o   LiFePO4

o   Lithium Cobalt Oxide

o   Lithium Nickel Cobalt Aluminum Oxide

  • Global Marine Lithium-ion Batteries Market, By Voltage :

o   6V

o   12V

o   24V

  • Global Marine Lithium-ion Batteries Market, By Rechargeable/Non-Rechargeable:

o   Rechargeable

o   Non-Rechargeable

  • Global Marine Lithium-ion Batteries Market, By Application:

o   Automotive

o   Marine

o   Industrial and Energy Storage

o   Consumer Electronics

  • Global Marine Lithium-ion Batteries Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Indonesia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

o   South America

§  Brazil

§  Argentina

o   Middle East & Africa

§  Saudi Arabia

§  South Africa

§  Egypt

§  UAE

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Marine Lithium-ion Batteries Market.

Available Customizations:

Global Marine Lithium-ion Batteries Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Marine Lithium-ion Batteries Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Marine Lithium-ion Batteries Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (LiFePO4, Lithium Cobalt Oxide, Lithium Nickel Cobalt Aluminum Oxide)

5.2.2.    By Voltage (6V, 12V, 24V)

5.2.3.    By Rechargeable/Non-Rechargeable (Rechargeable, Non-Rechargeable)

5.2.4.    By Application (Automotive, Marine, Industrial and Energy Storage, Consumer Electronics)

5.2.5.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Marine Lithium-ion Batteries Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Voltage

6.2.3.    By Rechargeable/Non-Rechargeable

6.2.4.    By Application

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Marine Lithium-ion Batteries Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Voltage

6.3.1.2.3.           By Rechargeable/Non-Rechargeable

6.3.1.2.4.           By Application

6.3.2.    Canada Marine Lithium-ion Batteries Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Voltage

6.3.2.2.3.           By Rechargeable/Non-Rechargeable

6.3.2.2.4.           By Application

6.3.3.    Mexico Marine Lithium-ion Batteries Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Voltage

6.3.3.2.3.           By Rechargeable/Non-Rechargeable

6.3.3.2.4.           By Application

7.    Asia-Pacific Marine Lithium-ion Batteries Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Voltage

7.2.3.    By Rechargeable/Non-Rechargeable

7.2.4.    By Application

7.2.5.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Marine Lithium-ion Batteries Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Voltage

7.3.1.2.3.           By Rechargeable/Non-Rechargeable

7.3.1.2.4.           By Application

7.3.2.    India Marine Lithium-ion Batteries Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Voltage

7.3.2.2.3.           By Rechargeable/Non-Rechargeable

7.3.2.2.4.           By Application

7.3.3.    Japan Marine Lithium-ion Batteries Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Voltage

7.3.3.2.3.           By Rechargeable/Non-Rechargeable

7.3.3.2.4.           By Application

7.3.4.    South Korea Marine Lithium-ion Batteries Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Voltage

7.3.4.2.3.           By Rechargeable/Non-Rechargeable

7.3.4.2.4.           By Application

7.3.5.    Indonesia Marine Lithium-ion Batteries Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Voltage

7.3.5.2.3.           By Rechargeable/Non-Rechargeable

7.3.5.2.4.           By Application

8.    Europe Marine Lithium-ion Batteries Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Voltage

8.2.3.    By Rechargeable/Non-Rechargeable

8.2.4.    By Application

8.2.5.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Marine Lithium-ion Batteries Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Voltage

8.3.1.2.3.           By Rechargeable/Non-Rechargeable

8.3.1.2.4.           By Application

8.3.2.    United Kingdom Marine Lithium-ion Batteries Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Voltage

8.3.2.2.3.           By Rechargeable/Non-Rechargeable

8.3.2.2.4.           By Application

8.3.3.    France Marine Lithium-ion Batteries Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Voltage

8.3.3.2.3.           By Rechargeable/Non-Rechargeable

8.3.3.2.4.           By Application

8.3.4.    Russia Marine Lithium-ion Batteries Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Voltage

8.3.4.2.3.           By Rechargeable/Non-Rechargeable

8.3.4.2.4.           By Application

8.3.5.    Spain Marine Lithium-ion Batteries Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Voltage

8.3.5.2.3.           By Rechargeable/Non-Rechargeable

8.3.5.2.4.           By Application

9.    South America Marine Lithium-ion Batteries Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Voltage

9.2.3.    By Rechargeable/Non-Rechargeable

9.2.4.    By Application

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Marine Lithium-ion Batteries Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Voltage

9.3.1.2.3.           By Rechargeable/Non-Rechargeable

9.3.1.2.4.           By Application

9.3.2.    Argentina Marine Lithium-ion Batteries Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Voltage

9.3.2.2.3.           By Rechargeable/Non-Rechargeable

9.3.2.2.4.           By Application

10. Middle East & Africa Marine Lithium-ion Batteries Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Voltage

10.2.3. By Rechargeable/Non-Rechargeable

10.2.4. By Application

10.2.5. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1.  Saudi Arabia Marine Lithium-ion Batteries Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Voltage

10.3.1.2.3.         By Rechargeable/Non-Rechargeable

10.3.1.2.4.         By Application

10.3.2. South Africa Marine Lithium-ion Batteries Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Voltage

10.3.2.2.3.         By Rechargeable/Non-Rechargeable

10.3.2.2.4.         By Application

10.3.3. UAE Marine Lithium-ion Batteries Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Voltage

10.3.3.2.3.         By Rechargeable/Non-Rechargeable

10.3.3.2.4.         By Application

10.3.4. Israel Marine Lithium-ion Batteries Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Voltage

10.3.4.2.3.         By Rechargeable/Non-Rechargeable

10.3.4.2.4.         By Application

10.3.5. Egypt Marine Lithium-ion Batteries Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type

10.3.5.2.2.         By Voltage

10.3.5.2.3.         By Rechargeable/Non-Rechargeable

10.3.5.2.4.         By Application

11. Market Dynamics

11.1.   Drivers

11.2.   Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.             Panasonic Corporation

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.             BYD Co. Ltd

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.             GS Yuasa International Ltd.

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4.             TSECH Co.

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5.             LG Chem

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.             ReLieVe

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.             Hitachi Chemical Company Ltd.

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.             Samsung SDI

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9.             Exide Technologies

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

13.10.          Robert Bosch GmbH

13.10.1.              Business Overview

13.10.2.              Key Revenue and Financials

13.10.3.              Recent Developments

13.10.4.              Key Personnel

13.10.5.              Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer        

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Marine Lithium-ion Batteries Market was USD 409.31 Million in 2022.

down-arrow

The Global Marine Lithium-ion Batteries Market is dominated by the Marine segment in 2022.

down-arrow

Safety concerns, Lack of standardization, Limited recycling infrastructure are the Challenges faced by the global marine lithium-ion batteries market.

down-arrow

Development of new marine lithium-ion battery technologies, Growing demand for energy-efficient and environmentally friendly marine vessels & Increasing government support for green shipping are the factors driving the market growth.

Related Reports

profile

Parvati Sharma

Account Manager BD
Press Release

Marine Segment is Expected to Dominate the Global Marine Lithium-ion Batteries Market

Nov, 2023

Growing demand for energy-efficient and environmentally friendly marine vessels & Increasing government support for green shipping are the factors driving the market growth.

Why Choose Us