Press release
Marine and Boat Batteries Market Growing Technology Trends and Business Opportunities by 2027-Siemens, Furukawa Battery Solutions, Toshiba Corporation
Marine and Boat Batteries Market 2021-2027 Financial Insights, Business Growth Strategies with Competitive LandscapeThe Marine and Boat Batteries market size is projected to reach US$ 2440.4 million by 2027, from US$ 1616.9 million in 2020, at a CAGR of 6.1% during 2021-2027.
The Marine and Boat Batteries market Research study published by MarketInsightsReports, entitled Global Marine and Boat Batteries Market Growth 2021-2027 consists of the market share, size, segmentation, and current trends. The study also contains the numerical research of the global Marine and Boat Batteries market on a global level and offers planning and designing statistics to boost business development. The report author has included key competitive landscape (upcoming identifiers) on past and future projections of Marine and Boat Batteries market industrial growth in forecast time-period. It then sheds light on key development trends, regional application and type wise analysis in the Marine and Boat Batteries market report.
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Fully electric segment to register the highest CAGR during the forecast period
By propulsion type, the fully electric segment is anticipated 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. The growth of the fully electric segment can be attributed to the increasing demand for fully electric small and medium passenger and cargo ships. Several manufacturers are jointly investing in the manufacturing of ships adhering to the IMO 2020 rule.
Dual-purpose batteries segment to register the highest CAGR during the forecast period
By battery function, the dual-purpose batteries segment is expected to witness the highest growth rate during the forecast period. Marine dual-purpose batteries combine the performance of starting batteries and deep-cycle batteries. They are majorly used by ships that have space for two or more batteries. These batteries are equipped with active lead paste chemistry, which helps them in tolerating deep discharges that the starting batteries could not normally tolerate.
Europe estimated to lead the marine battery market in 2020
The marine battery market is expected to witness substantial growth in Europe during the forecast period. The growth of the shipbuilding industry in Europe is one of the most significant factors contributing to the demand for ships with hybrid propulsion in the region. Increasing investments in the electrification of ships and the restructuring efforts undertaken by ship manufacturing companies are additional factors driving the growth of the marine battery market in Europe.
Top Companies in the Global Marine and Boat Batteries Market are - Siemens, Furukawa Battery Solutions, Toshiba Corporation, Corvus Energy, Akasol, EST-Floattech, Spear Power Systems, Echandia Marine, Sterling PBES Energy Solutions, Lithium Werks, Exide Technologies, Craftsman Marine, PowerTech Systems, Kokam, XALT Energy, EverExceed Industrial, U.S. Battery, Lifeline Batteries
Marine and Boat Batteries Market Segmentation:
This report fragments the Global Marine and Boat Batteries Market based on Types are-
Lithium Batteries
Fuel Cell Batteries
Lead-acid Batteries
Based on Application, the Global Marine and Boat Batteries Market are divided into-
Civilian
Military
Global Marine and Boat Batteries Market: Regional Segment-
North America (US, Canada)
Europe (Germany, UK, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Latin America (Brazil, Mexico)
Middle East and Africa
The Study Objectives Of the Marine and Boat Batteries Market are:
To Analyse global Marine and Boat Batteries status, future forecast, growth opportunity, key market and key players.
To Present the Marine and Boat Batteries development in North America, Europe, Asia Pacific, Latin America & Middle East and Africa.
To Strategically profile the key players and comprehensively analyse their development plan and strategies.
To Define, Describe and Forecast the Marine and Boat Batteries market by product type, market applications and key regions.
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https://www.marketinsightsreports.com/reports/06223002079/global-marine-and-boat-batteries-sales-market-report-2021?Source=OpenPR&Mode=Lily
Some Major Points from Table of Contents:
Chapter 1. Research Methodology & Data Sources
Chapter 2. Executive Summary
Chapter 3. Marine and Boat Batteries Market: Industry Analysis
Chapter 4. Marine and Boat Batteries Market: Product Insights
Chapter 5. Marine and Boat Batteries Market: Application Insights
Chapter 6. Marine and Boat Batteries Market: Regional Insights
Chapter 7. Marine and Boat Batteries Market: Competitive Landscape
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