Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Storage

Marine Battery Market Worth $812 Million by 2025

Urja Daily by Urja Daily
May 4, 2021
in Storage
Reading Time: 3 mins read
0
Marine Battery
Share on FacebookShare on TwitterShare on Linkedin

CHICAGO- According to a research report “Marine Battery Market by Battery Type (Lithium, Fuel Cell, Lead-acid), Propulsion Type (Fully Electric, Hybrid, Conventional), Application, Sales Channel, Ship Range, Nominal Capacity, Battery Design, Battery Function and Region – Global Forecast to 2025”, published by MarketsandMarkets, the Marine Battery Market is estimated to be USD 250 million in 2020 and is projected to reach USD 812 million by 2025, at a CAGR 26.5% from 2020 to 2025.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210222319 

RELATED POSTS

Sembcorp Wins 150 MW Solar Project with 300 MWh Battery Storage

RGE and TotalEnergies Partner to Develop Solar and Battery Storage Project in Indonesia

Implementation of sulfur 2020 rule and rise in the conversion of propulsion systems in passenger vessels are the major factors anticipated to boost the demand for marine batteries during the forecast period. The rise in seaborne trade across the globe, growing maritime tourism industry, and the development of lithium batteries are the other factors anticipated to fuel the growth of the marine battery market.

75–150 kW segment to register the highest CAGR from 2020 to 2025

By ship power, the 75–150 kW segment of the marine battery market is projected to register the highest CAGR during the forecast period. Medium-size passenger ferries are considered under ships having power between 75 and 150 kW. The need for a reduced or zero-emission transport system is high across countries. As per the International Maritime Organization’s MARPOL convention for the prevention of pollution from ships, the sulfur content present in the fuel of ships need to be reduced from 3.5% to 0.5% from January 2020. Countries such as Japan, New Zealand, and Australia are also moving toward using battery propelled fully electric ferries for passenger transport. Norway has incorporated fully electric and hybrid technologies in its ferries.

50–100 KM segment is projected to register the highest CAGR from 2020 to 2025

By ship range, the 50–100 KM segment is estimated to witness the highest CAGR during the forecast period. This segment includes inland container vessels, small cruise ships, fishing vessels, and research vessels. Yara’s (Norway) 120 TEU container ship, Yara Birkeland, can travel 56 km and is a fully electric ship. Another all-electric ship was constructed by Guangzhou Shipyard International Company Ltd. in December 2017. This ship can travel 80 km on a single charge. Operational and fuel cost savings are benefits offered by fully electric ships for operators, but the high capital expenditure and port side development are major challenges faced by ship manufacturers.

Browse in-depth TOC on “Marine Battery Market“

203 – Tables

50 – Figures

232 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210222319

Europe marine battery market is projected to register the highest CAGR from 2020 to 2025

By region, Europe is expected to witness substantial growth in the marine battery market during the forecast period. International shipping is a large and growing source of greenhouse gas emissions. Thus, the European Union and the International Maritime Organization have come up with regulations on CO2 emissions and the presence of sulfur in fuel. Awareness about carbon emissions is leading shipowners and integrators to switch from traditional diesel-driven engines to battery propulsion systems. Domestic shipping in European countries has already been experimenting with battery-electric propulsion, and this trend is expected to continue.

The marine battery market has been gaining traction over the past few years due to the presence of several established companies as well as startups. Some of the major market players are Corvus Energy (Canada), Akasol AG (Germany), EST-Floattech (Netherlands), Siemens (Germany), Spear Power Systems (US), Echandia Marine (Sweden), Sterling PBES Energy Solutions (Canada), Furukawa Battery Solutions (Japan), Lithium Werks (Netherlands), Exide Technologies (US), Craftsman Marine (Netherlands), PowerTech Systems (France), Kokam Co. Ltd. (South Korea), Toshiba Corporation (Japan), XALT Energy (US), EverExceed Industrial Co. Ltd. (China), U.S. Battery (US), Lifeline Batteries (US), Saft (France), Forsee Power (France) and Leclanché (Switzerland).

Related Reports:

Electric Ships Market by Power Source (Fully Electric, Hybrid, Plug-In Hybrid), Autonomy (Manned electric ships, Remotely-operated, Fully Autonomous), Ship Type (Bulk Carrier, Gas Tanker, Tankers, Barge, Passenger Cruise, Aircraft Carrier, Amphibious, Destroyer, Frigate) and Region – Global Forecast to 2030

Autonomous Ships Market by Autonomy (Fully Autonomous, Remote Operations, Partial Automation), Ship Type (Commercial, Defense), End-Use (Linefit, Retrofit), Solution (Systems, Software, Structures), Propulsion and Region – Global Forecast to 2030

Tags: Fully ElectricHybridMarine Batteryresearch report
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Sembcorp

Sembcorp Wins 150 MW Solar Project with 300 MWh Battery Storage

by Palak
May 31, 2025
0

Sembcorp Industries, through its subsidiary Sembcorp Green Infra Private Limited (SGIPL), has been awarded a 150 MW solar power project...

RGE and TotalEnergies

RGE and TotalEnergies Partner to Develop Solar and Battery Storage Project in Indonesia

by Palak
May 30, 2025
0

RGE and TotalEnergies have entered into a co-investment agreement to develop, build, and operate a solar photovoltaic power plant with...

Sembcorp Industries

Sembcorp Secures 150 MW Solar Project with 300 MWh Battery Storage

by Palak
May 30, 2025
0

Sembcorp Industries, through its subsidiary Sembcorp Green Infra Private Limited (SGIPL), has been awarded a 150 MW solar power project...

NHPC

NHPC Concludes Auction for Major BESS Projects in Kerala

by Palak
May 27, 2025
0

NHPC Limited has announced the results of its auction for 125 MW/500 MWh of standalone battery energy storage systems (BESS)...

GUVNL

GUVNL Signs Battery Energy Storage Agreements with Advait Energy and H.G. Infra

by Palak
May 27, 2025
0

Advait Energy and H.G. Infra Engineering have signed battery energy storage purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL)...

Next Post
Nuvve Announces V2G Electric Vehicle Charging Hubs & Transportation

Nuvve Announces V2G Electric Vehicle Charging Hubs & Transportation

Gravity Inc. Announces Innovative New Electric Taxi

Gravity Inc. Announces Innovative New Electric Taxi

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Recyclekaro Plant

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

June 7, 2025
Servotech

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

June 7, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

HyperloopTT’s Italian Project Begins Operations

World Environment Day 2025

AI and Machine Learning Driving Innovation in ADAS Market

Comau Showcases E-Drive and Stator Tech at CWIEME 2025

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved