Press release
Marine Battery Market Detailed Analysis 2020-2025: Corvus Energy, Akasol AG, EST-Floattech, Siemens, Spear Power Systems, Echandia Marine, Sterling PBES Energy Solutions, Furukawa Battery Solutions, Lithium Werks, Exide Technologies, Craftsman Marine, Pow
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The Marine Battery Market is projected to grow from USD 250 Million in 2020 to USD 812 Million by 2025, at a CAGR of 48.1% between 2020 and 2025 period. This report spread across 223 pages, profiling 20 companies and supported with 203 tables and 50 figures are now available in this research.
Top Key Players Profiled in the Marine Battery Market:
o Corvus Energy (Canada)
o Akasol AG (Germany)
o EST-Floattech (Netherlands)
o Siemens (Germany)
o Spear Power Systems (US)
o Echandia Marine (Sweden)
o Sterling PBES Energy Solutions (Canada)
o Furukawa Battery Solutions (Japan)
o Lithium Werks (Netherlands)
o Exide Technologies (US)
o Craftsman Marine (Netherlands)
o PowerTech Systems (France)
o Kokam Co. Ltd. (South Korea)
o Toshiba Corporation (Japan)
o XALT Energy (US)
o EverExceed Industrial Co. Ltd. (China)
o U.S. Battery (US)
o Lifeline Batteries(US)
o Saft (France)
o Forsee Power (France)
o Leclanche(Switzerland)
"Based on sales channel, the after market segment is anticipated to grow at a higher CAGR during the forecast period"
Based on sales channel, the after market segment is anticipated to grow at a higher CAGR than the OEM segment during the forecast period. Shipowners are updating or retrofitting the equipment installed on their existing vessels to increase efficiency and durability. Ships can be retrofitted with batteries and electric motors to reduce the load demand on engines for propulsion.
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Based on propulsion type, the fully electric segment is projected to witness the highest CAGR during the forecast period. Fully electric-driven ships have a positive effect on the environment as the inclusion of high energy storage in batteries and optimized power control can reduce fuel consumption, maintenance, and emissions.
Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
o By Designation: C-Level Executives- 35%, Directors - 25%, and Others - 40%
o By Region: North America -45%, Europe - 20%, Asia Pacific - 30%,Rest of the World -5%
Competitive Landscape of Marine Battery Market:
1 Introduction
2 Revenue & Ranking Analysis Of Key Market Players, 2020
3 Key Market Developments
3.1 New Product Launches/Investments/Certifications/Expansions
3.2 Contracts
3.3 Partnerships & Agreements
Reason to access this report:
This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall marine battery market and its sub segments. The report covers the entire ecosystem of the maritime industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
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