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Next-Generation Marine Batteries- Everything You Need To Know About

10-26-2023 09:26 AM CET | Energy & Environment

Press release from: Allied Analytics LLP

Next-Generation Marine Batteries- Everything You Need To Know

According to a recent report published by Allied Market Research, titled, "Marine Battery Market by Battery Type, Ship Type, Function, Nominal Capacity, Sales Channel, and Battery Density: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global marine battery market was valued at $0.37 billion in 2021, and is projected to reach $1.99 billion in 2030, registering a CAGR of 20.5%..

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/marine-battery-market/purchase-options

Europe dominates the market, in terms of revenue, followed by North America, Asia-Pacific, and LAMEA. Europe is expected to maintain its dominance in the global market, as the region is one of the largest markets for marine/shipping. Moreover, surge in demand for electric and hybrid ships is driving the growth of this market.

U.S. dominated the global marine battery market share in 2020. The marine industry is the most important sector in the U.S. It is responsible for more than 6,00,000 jobs and generates an annual output of over $150 billion. This huge maritime industry creates demand for the marine battery market across the U.S. Moreover, increase in adoption of innovative technologies for marine vessels is fueling the growth of marine battery market.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ: https://www.alliedmarketresearch.com/request-sample/10394

The prominent factors that drive the growth of the marine battery market include rise in the global trade and increase in adoption of lithium ion battery. Moreover, increase in water sports and leisure activities propels the growth of the marine battery market. The countries such as China, India, and Brazil are growing economies. Thus, the shipbuilding and marine component manufacturing sector is witnessing prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the marine battery market in the region.

The sale of the marine battery is directly associated with manufacturing adoption of marine vessels across the globe. The COVID-19 crisis is causing uncertainty in the marine battery market by delaying supply chains, hampering business growth and generating uncertain demand scenarios.

By battery type, the marine battery market is segregated into lithium, lead acid, and others. The lead acid segment accounted for the highest revenue in 2020, as lead acid batteries is widely adopted across various marine vessels due to their cost-effectiveness.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/10394

The key players operating in the global marine battery market include Akasol AG, EnerSys, Toshiba Corporation, Siemens, Leclanchรฉ SA , Saft , Echandia AB , EverExceed Industrial Co, Lifeline Batteries Inc., and Spear Power Systems

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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