Marine Battery Market Strategies, Technological Innovation, Trends & Top Players by 2030
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North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa
Corvus Energy, Akasol AG, Siemens, Spear Power Systems, , Sterling PBES Energy Solutions, Furukawa Battery Solutions, Lithium Werks, Exide Technologies, Craftsman Marine, PowerTech Systems, Kokam Co. Ltd., Toshiba Corporation, XALT Energy, U.S. Battery, Lifeline Batteries, and Leclanche
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Top impacting factors: Market scenario analysis, trends, drivers and impact analysis
The significant factors impacting the growth of the marine battery market are increasing water sports activity and rise in demand for marine transportation. However,protection from being overcharged and proper maintenance of current hampers the growth of marine battery market. On the other hand, use of renewable energy and advancement in hybrid propulsion technology is accelerating the growth of the marine battery market.
Increase in water sports activity
Increase in water sports activities has increased the public attraction toward leisure boating. Nowadays, people like to spend their vacation time at the coast or at the sea. Resulting in increased demand for marine vehicles, which in turn increase the demand for more efficient marine batteries.
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Rise in demand for marine transportation
Marine transport is considered the backbone of global trade and economy. Seaborne trade continues to expand, bringing benefits to consumers across the world through competitive freight costs. This is also expected to drive the growth of the global marine battery market during the forecast period.
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