Press release
Growing Shift From Fossil Fuels To Renewable Energy Due To Rising Demand For Cleaner Energy Sources: A Key Catalyst Accelerating Global Marine Deep-Cycle Battery Market Growth in 2025
Marine Deep Cycle Battery
Marine Deep-Cycle Battery Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of marine deep-cycle batteries has experienced quick expansion in the past few years. The market, which was valued at $1.54 billion in 2024, is forecasted to increase to $1.71 billion in 2025, with a compound annual growth rate (CAGR) of 10.7%. This considerable rise in the historical period can be attributed to factors such as the growing adoption of renewable energy storage systems, increased demand for electric propulsion in marine vessels, an upswing in off-grid electrification projects, a surge in marine industry events and extensions, and an increase in environmental regulation about emissions and the recycling of batteries.
Marine Deep-Cycle Battery Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, a swift expansion is anticipated in the marine deep-cycle battery market, predicted to escalate to $2.53 billion by 2029 at a 10.3% Compound Annual Growth Rate (CAGR). This projected growth over the forecast period is mostly due to the increasing need for electric propulsion systems in marine vessels, a surge in the acceptance of renewable energy storage solutions, an expanding marine industry and more off-shore activities. Also, rising environmental regulations to curtail emissions and the increasing usage of lithium-ion batteries due to their superior performance and longevity are contributing factors. The forecast period will also witness significant trends including improvements in battery cycle life and efficiency, advancement in off-grid renewable energy storage solutions, innovation in maintenance-free deep cycle batteries, advancements in marine vessel energy systems, and the creation of greener and recyclable battery materials.
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What Are the Drivers Transforming the Marine Deep-Cycle Battery Market?
The anticipated surge in the marine deep-cycle battery market is linked to the increasing transition from fossil fuels to renewable energy sources. This shift, marking a global transition from coal, oil, and natural gas, is toward sustainable energy sources such as solar, wind, hydro, and biomass. This progression from traditional to renewable energy technologies is accelerating due to substantial cost reductions in renewable sectors, which make solar and wind power more cost-effective than many traditional fossil fuel options. Marine deep-cycle batteries play a key role in this energy transition, providing reliable, long-lasting energy storage critical for the unbroken operation of renewable energy systems. For example, the France-based International Energy Agency (IEA) predicted in October 2024 that renewables will constitute almost 20% of total final energy consumption by 2030, up from 13% in 2023. Hence, this ongoing migration from fossil fuels to renewable energy is fuelling the expansion of the marine deep-cycle battery market.
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What Long-Term Trends Will Define the Future of the Marine Deep-Cycle Battery Market?
Top corporations in the marine deep-cycle battery industry are prioritising the development of sophisticated battery technologies, such as an intelligent lithium-ion battery communication system, to enhance their market position. This innovative system offers real-time battery status updates and control - including voltage, temperature, charge level, and system health - through wireless mesh networks and a mobile application. For example, in January 2023, US energy storage firm Dragonfly Energy launched Dragonfly Intelligence, a new smart lithium-ion battery communication system specifically for Battle Born deep-cycle batteries. This technology features connectivity via wireless mesh networks, real-time error spotting, and remote surveillance via a mobile app. Despite potentially leading to an increase in system complexity and upfront costs, this progress boosts operational supervision, fortifies safety measures, and aids in preemptive maintenance. This technology is particularly beneficial for marine uses, where dependable power management is paramount. It provides added benefits such as usage analytics, automated notifications, and maintenance scheduling, though it might entail higher initial expenses and system intricacy.
Which Segments in the Marine Deep-Cycle Battery Market Offer the Most Profit Potential?
The marine deep-cycle battery market covered in this report is segmented as
1) By Battery Type: Lead-Acid Batteries, Lithium-Ion Batteries, Nickel-Cadmium Batteries, Gel Batteries, Absorbent Glass Mat Batteries
2) By Capacity: Below 100 Ah, 100-200 Ah, 201-300 Ah, Above 300 Ah
3) By Distribution Channel: Online Sales, Retail Stores, Distributors And Wholesalers, Direct Sales
4) By Application: Recreational Boats, Commercial Vessels, Offshore Support Vessels, Other Applications
5) By End-User: Individual Consumers, Commercial Operators, Government And Military, Marine Equipment Manufacturers
Subsegments:
1) By Lead-Acid Batteries: Flooded Lead-Acid Batteries, Sealed Lead-Acid Batteries
2) By Lithium-Ion Batteries: Lithium Iron Phosphate Batteries, Lithium Nickel Manganese Cobalt Oxide Batteries, Lithium Titanate Batteries
3) By Nickel-Cadmium Batteries: Vented Nickel-Cadmium Batteries, Sealed Nickel-Cadmium Batteries
4) By Gel Batteries: Deep-Cycle Gel Batteries, Standby Gel Batteries
5) By Absorbent Glass Mat Batteries: Deep-Cycle Absorbent Glass Mat Batteries, Dual-Purpose Absorbent Glass Mat Batteries
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Which Firms Dominate the Marine Deep-Cycle Battery Market by Market Share and Revenue in 2025?
Major companies operating in the marine deep-cycle battery market are EnerSys, East Penn Manufacturing Co. Inc., Exide Technologies LLC, Power-Sonic Corporation, Trojan Battery Company LLC, Forsee Power SA, Crown Battery Manufacturing Company, U.S. Battery Manufacturing Company, Corvus Energy Holding AS, MCA Battery Manufacture Co. Ltd., Renogy Holdings Inc., Discover Battery, Optima Batteries Inc., Lifeline Batteries Inc., RELiON Battery LLC, Rolls Battery Engineering, Fullriver Battery Manufacturing Co. Ltd., EST-Floattech BV, Battle Born Batteries Inc., Odyssey Battery, Sun Xtender Corp.
Which Regions Offer the Highest Growth Potential in the Marine Deep-Cycle Battery Market?
Europe was the largest region in the marine deep-cycle battery market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in marine deep-cycle battery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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