Press release
Marine Battery Market Size to Reach USD 1.45 Billion by 2031, Driven by Hybrid Propulsion Adoption, Port Electrification, and Compliance with Maritime Emission Norms - Mordor Intelligence
According to Mordor Intelligence, the global marine battery market size was valued at USD 0.97 billion in 2026, reaching USD 1.45 billion by 2031. The global marine battery market forecast reflects steady expansion as vessel operators respond to emission mandates and rising fuel efficiency expectations.
The global marine battery industry is increasingly influenced by environmental compliance requirements such as FuelEU Maritime and updated IMO decarbonization targets. Shipowners are integrating battery systems into both newbuild vessels and retrofit projects to lower emissions at berth and during short-sea operations. This shift is shaping the global marine battery market growth trajectory across commercial and defense fleets.
Report Overview: https://www.mordorintelligence.com/industry-reports/marine-battery-market?utm_source=openpr
Marine Battery Market Trends Driving Industry Expansion
Emission Regulations Supporting Battery Adoption: Stricter maritime emission rules are central to current global marine battery market trends. FuelEU Maritime requirements for shore power usage at berth and IMO greenhouse gas targets are pushing operators toward battery-supported propulsion.
Cost Decline of Lithium-Based Chemistries: Lithium iron phosphate and lithium titanate oxide chemistries are improving the total cost profile for ferries and inland vessels. Lower lifecycle maintenance, longer cycle life, and improved safety characteristics are enhancing the global marine battery market growth outlook.
Expansion of Shore Power Infrastructure: European and Asian ports are expanding high-capacity shore charging networks. This directly influences the global marine battery market size, as vessels equipped with battery systems can recharge during routine port calls.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/marine-battery-market?utm_source=openpr
Marine Battery Market Segmentation Analysis
By Battery Type
-Lithium-ion
-Lead-acid
-Nickel-cadmium
-Fuel Cell
-Solid-state
By Propulsion Type
-Hybrid Electric
-Fully Electric
-Auxiliary / Hotel Loads
By Ship Type
-Commercial
-Defense
By Function
-Starting
-Deep-cycle
-Dual-purpose
By Capacity Range
-Less than 1 MWh
-1 to 5 MWh
-Greater than 5 MWh
By Geography
-North America
-Europe
-Asia-Pacific
-Latin America
-Middle East and Africa
Explore Our Full Library of Automotive Research Report: https://www.mordorintelligence.com/market-analysis/automotive?utm_source=openpr
Marine Battery Market Competitive Landscape
The global marine battery industry is moderately consolidated, with leading players accounting for a significant portion of installed capacity. Competition focuses on safety systems, modular integration, and lifecycle service agreements rather than cell chemistry alone.
Key participants in the global marine battery market include:
Siemens AG
Wartsila Corporation
Corvus Energy
EST-Floattech B.V.
Conclusion
The global marine battery market is positioned for steady expansion through 2031 as emission compliance, port electrification, and operational efficiency goals align. The global marine battery market size is supported by hybrid retrofits, fully electric ferry deployments, and inland vessel electrification programs.
Although retrofit bottlenecks and safety compliance requirements may moderate short-term installations, the long-term global marine battery market forecast remains positive. Continued cost reductions in lithium chemistries, expanded charging networks, and greater coordination across shipbuilders and battery suppliers are reinforcing global marine battery market growth.
Get detailed insights on the marine battery market: https://www.mordorintelligence.com/industry-reports/marine-battery-market?utm_source=openpr
Industry Related Reports
Controllable Pitch Marine Propeller Market:The controllable pitch marine propeller market is growing steadily, supported by rising demand for maneuverability and fuel-efficient propulsion across tug and push boats, ferries, and ice breakers, with expansion observed across major maritime regions.
Get more insights: https://www.mordorintelligence.com/industry-reports/controllable-pitch-marine-propeller-market?utm_source=openpr
Passenger Vessel Propeller Market size: The passenger vessel propeller market is projected to register a CAGR of greater than 5.7% during the forecast period, driven by fleet modernization, increasing ferry and cruise traffic, and the need for improved propulsion efficiency and emission compliance.
Get more insights: https://www.mordorintelligence.com/industry-reports/passenger-vessel-propeller-market?utm_source=openpr
Marine Turbochargers Market share: The marine turbochargers market is valued at USD 1.16 billion in 2025 and is expected to reach USD 1.54 billion by 2030, reflecting a CAGR of 5.87%, supported by demand for enhanced engine efficiency and compliance with maritime emission norms.
Get more insights: https://www.mordorintelligence.com/industry-reports/marine-turbochargers-market?utm_source=openpr
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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