Marine Lithium-ion Battery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for marine lithium-ion batteries. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Marine Lithium-ion Battery Market Size (2024E): USD 332.2 Million
Projected Market Value (2031F): USD 889.7 Million
Global Market Growth Rate (CAGR 2024 to 2031): 15.1%

Marine Lithium-ion Battery Market - Report Scope:

Marine lithium-ion batteries play a crucial role in the marine industry, powering electric propulsion systems, hybrid vessels, and various onboard electronics. These batteries offer high energy density, longer lifecycle, and faster charging capabilities compared to traditional lead-acid batteries, making them ideal for marine applications. The market caters to shipbuilders, boat manufacturers, and retrofitting services, offering a range of battery capacities and configurations tailored to marine environments.

Market Growth Drivers:

The global marine lithium-ion battery market is propelled by several key factors, including increasing adoption of electric and hybrid marine propulsion systems to reduce carbon emissions and enhance fuel efficiency. Government initiatives promoting sustainable maritime transportation and stringent environmental regulations further drive market expansion. Technological advancements, such as improved battery management systems and enhanced safety features, boost confidence in lithium-ion batteries for marine use. Moreover, rising investments in offshore renewable energy projects and the electrification of maritime transport present new growth opportunities for market players.

Market Restraints:

Despite promising growth prospects, the marine lithium-ion battery market faces challenges related to high initial costs, concerns over battery safety and reliability in harsh marine environments, and regulatory uncertainties regarding battery disposal and recycling. The complexity of integrating lithium-ion batteries into existing marine infrastructure and the need for robust infrastructure for charging and maintenance also hinder market growth.

Market Opportunities:

The marine lithium-ion battery market presents significant growth opportunities driven by technological innovations in battery chemistry, energy storage solutions, and smart grid integration. The development of scalable battery systems for larger vessels, advancements in fast charging technologies, and the integration of renewable energy sources into marine power systems broaden the market scope. Strategic partnerships, investments in research and development, and collaborations with maritime stakeholders are essential to capitalize on emerging opportunities and sustain market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the marine lithium-ion battery market globally?
Which marine applications and vessel types are driving the adoption of lithium-ion batteries?
How are technological advancements reshaping the competitive landscape of the marine lithium-ion battery market?
Who are the key players contributing to the marine lithium-ion battery market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global marine lithium-ion battery market?

Competitive Intelligence and Business Strategy:

Leading players in the global marine lithium-ion battery market, including Corvus Energy,Spear Power Systems,EST-Floattech,Forsee Power focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced battery technologies, including high-capacity modules, modular designs for flexible installation, and integrated energy management systems. Collaborations with shipyards, maritime regulators, and environmental agencies facilitate market access and promote sustainable battery solutions.

Key Companies Profiled:

Corvus Energy
Spear Power Systems
EST-Floattech
Forsee Power
Akasol
XALT Energy
EVE Battery
Saft
Lithium Werks
Gotion High-tech Co Ltd
Toshiba Corporation
Siemens

Marine Lithium-ion Battery Market Research Segmentation

By Types:

12 V
24 V
36 V
48 V
60 V
72 V

By Application:

Propulsion Systems
Auxiliary Power
Emergency Power Systems
Lighting and Electronics

By Ship Type:

Fishing Boats
Luxury Yachts
Cargo Ships
Military Ships

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33649

1. Executive Summary

1.1. Global Marine Lithium-ion Battery Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Type Lifecycle Analysis
2.4. Marine Lithium-ion Battery Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Marine Lithium-ion Battery Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019-2023
- 3.2.2. Current Market Size Forecast, 2024-2031
3.3. Global Marine Lithium-ion Battery Market Outlook: Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Type, 2019-2023
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
  - 3.3.3.1. 12 V
  - 3.3.3.2. 24 V
  - 3.3.3.3. 36 V
  - 3.3.3.4. 48 V
  - 3.3.3.5. 60 V
  - 3.3.3.6. 72 V
  - 3.3.3.7. Others
3.4. Market Attractiveness Analysis: Type
3.5. Global Marine Lithium-ion Battery Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2019-2023
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
  - 3.5.3.1. Propulsion Systems
  - 3.5.3.2. Auxiliary Power
  - 3.5.3.3. Emergency Power Systems
3.6. Market Attractiveness Analysis: Application
3.7. Global Marine Lithium-ion Battery Market Outlook: Ship Type
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Ship Type, 2019-2023
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ship Type, 2024-2031
  - 3.7.3.1. Fishing Boats
  - 3.7.3.2. Luxury yachts
  - 3.7.3.3. Cargo ships
  - 3.7.3.4. Military Ships
  - 3.7.3.5. Others
3.8. Market Attractiveness Analysis: Ship Type

4. Global Marine Lithium-ion Battery Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2019-2023
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2024-2031
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Marine Lithium-ion Battery Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 5.3.1. By Country
- 5.3.2. By Type
- 5.3.3. By Application
- 5.3.4. By Ship Type
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
- 5.5.1. 12 V
- 5.5.2. 24 V
- 5.5.3. 36 V
- 5.5.4. 48 V
- 5.5.5. 60 V
- 5.5.6. 72 V
- 5.5.7. Others
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 5.6.1. Propulsion Systems
- 5.6.2. Auxiliary Power
- 5.6.3. Emergency Power Systems
- 5.6.4. Lighting and Electronics
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ship Type, 2024-2031
- 5.7.1. Fishing Boats
- 5.7.2. Luxury yachts
- 5.7.3. Cargo ships
- 5.7.4. Military Ships
- 5.7.5. Others
5.8. Market Attractiveness Analysis

6. Europe Marine Lithium-ion Battery Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By Application
- 6.3.4. By Ship Type
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
- 6.5.1. 12 V
- 6.5.2. 24 V
- 6.5.3. 36 V
- 6.5.4. 48 V
- 6.5.5. 60 V
- 6.5.6. 72 V
- 6.5.7. Others
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 6.6.1. Propulsion Systems
- 6.6.2. Auxiliary Power
- 6.6.3. Emergency Power Systems
- 6.6.4. Lighting and Electronics
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ship Type, 2024-2031
- 6.7.1. Fishing Boats
- 6.7.2. Luxury yachts
- 6.7.3. Cargo ships
- 6.7.4. Military Ships
- 6.7.5. Others
6.8. Market Attractiveness Analysis

7. East Asia Marine Lithium-ion Battery Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Application
- 7.3.4. By Ship Type
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
- 7.5.1. 12 V
- 7.5.2. 24 V
- 7.5.3. 36 V
- 7.5.4. 48 V
- 7.5.5. 60 V
- 7.5.6. 72 V
- 7.5.7. Others
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 7.6.1. Propulsion Systems
- 7.6.2. Auxiliary Power
- 7.6.3. Emergency Power Systems
- 7.6.4. Lighting and Electronics
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ship Type, 2024-2031
- 7.7.1. Fishing Boats
- 7.7.2. Luxury yachts
- 7.7.3. Cargo ships
- 7.7.4. Military Ships
- 7.7.5. Others
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Marine Lithium-ion Battery Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Application
- 8.3.4. By Ship Type
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
- 8.5.1. 12 V
- 8.5.2. 24 V
- 8.5.3. 36 V
- 8.5.4. 48 V
- 8.5.5. 60 V
- 8.5.6. 72 V
- 8.5.7. Others
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 8.6.1. Propulsion Systems
- 8.6.2. Auxiliary Power
- 8.6.3. Emergency Power Systems
- 8.6.4. Lighting and Electronics
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ship Type, 2024-2031
- 8.7.1. Fishing Boats
- 8.7.2. Luxury yachts
- 8.7.3. Cargo ships
- 8.7.4. Military Ships
- 8.7.5. Others
8.8. Market Attractiveness Analysis

9. Latin America Marine Lithium-ion Battery Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Application
- 9.3.4. By Ship Type
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
- 9.5.1. 12 V
- 9.5.2. 24 V
- 9.5.3. 36 V
- 9.5.4. 48 V
- 9.5.5. 60 V
- 9.5.6. 72 V
- 9.5.7. Others
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 9.6.1. Propulsion Systems
- 9.6.2. Auxiliary Power
- 9.6.3. Emergency Power Systems
- 9.6.4. Lighting and Electronics
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ship Type, 2024-2031
- 9.7.1. Fishing Boats
- 9.7.2. Luxury yachts
- 9.7.3. Cargo ships
- 9.7.4. Military Ships
- 9.7.5. Others
9.8. Market Attractiveness Analysis

10. Middle East & Africa Marine Lithium-ion Battery Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Application
- 10.3.4. By Ship Type
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2024-2031
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2024-2031
- 10.5.1. 12 V
- 10.5.2. 24 V
- 10.5.3. 36 V
- 10.5.4. 48 V
- 10.5.5. 60 V
- 10.5.6. 72 V
- 10.5.7. Others
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2024-2031
- 10.6.1. Propulsion Systems
- 10.6.2. Auxiliary Power
- 10.6.3. Emergency Power Systems
- 10.6.4. Lighting and Electronics
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Ship Type, 2024-2031
- 10.7.1. Fishing Boats
- 10.7.2. Luxury yachts
- 10.7.3. Cargo ships
- 10.7.4. Military Ships
- 10.7.5. Others
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2024
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition 24 V
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Corvus Energy
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Spear Power Systems
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. EST-Floattech
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Forsee Power
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Akasol
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. XALT Energy
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. EVE Battery
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Saft
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Lithium Werks
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Gotion High-tech Co Ltd
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Toshiba Corporation
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. Siemens
  - 11.3.12.1. Overview
  - 11.3.12.2. Segments and Product
  - 11.3.12.3. Key Financials
  - 11.3.12.4. Market Developments
  - 11.3.12.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations