About Marine Powerboats Batteries
The battery is used in marine boats and is critical to safety and comfort. It powers various operations like engine start, radio, GPS, lighting, heating and refrigeration, allowing passengers to feel sheltered, entertained and connected to the outside world. It covers all the energy requirements of both professional installers and private users. Electrical power is essential to power fuel injector and starter motor. The electrical power is provided by marine powerboat battery during the initial ignition phase.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Marine battery technology advancements have increased the rate of adoption of alternative propulsion and power sources. The use of this type of battery technology for fully electric and hybrid propulsion by commercial passenger vessels, leisure boat operators, ferries, and submarines have increased operational efficiency. With dwindling lithium sources and geopolitics over lithium sources, market players are under pressure to look for alternative power sources such as sodium-ion batteries, which operate on similar principles as a lithium-ion marine battery. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Marine Powerboats Batteries market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Samsung SDI Company Limited (South Korea), C&D Technologies (Trojan Battery Company) (United States), Century Batteries (Australia), Becker Marine Systems (Germany), Saft (France), Exide Technologies (United States), GS Yuasa (Japan), Johnson Controls (United States), Enersys Inc. (United States), Leoch International Technology (United States), Panasonic Corporation (Japan) and East Penn Manufacturing (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Marine Powerboats Batteries market by Type (Lithium-Ion Batteries, Absorbent Glass Mat (AGM) Batteries and Lead-Acid Batteries), Application (Small Recreational Boats, On-Water Commercial and High End Leisure, Underwater Leisure and Underwater AUV) and Region.
On the basis of geography, the market of Marine Powerboats Batteries has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Charging Methods, the sub-segment i.e. Constant Current will boost the Marine Powerboats Batteries market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Engine Type, the sub-segment i.e. Outboard will boost the Marine Powerboats Batteries market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing popularity of boat shows and marine recreational events and Increasing Demand for AGM batteries in Marine Powerboat
Market Growth Drivers:
Increasing Demand of Powerboats for Leisure Activities and Growing Mobility in Water Bodies through Various Means
Challenges:
Lithium Battery Cells Are More Costly Initially
Restraints:
Lead-Acid Batteries Have a Short Life Span
Opportunities:
Increased Emphasis on R&D for Developing Energy-Efficient Marine Batteries
Market Leaders and their expansionary development strategies
On 12th April 2021, The Japanese company Nakashima Propeller Co. Ltd. takes a majority stake in the German shipbuilding supplier Becker Marine Systems GmbH. This means that two of the world‘s market and technology leaders in the maritime industry will be working even more closely together in the future.
In April 2022 GS Yuasa Corporation announced that its proposal for developing all-solid-state battery technologies has been selected for the NEDO Green Innovation Fund’s Next-Generation Storage Battery project. and The Green Innovation Fund was established by NEDO (the New Energy and Industrial Technology Development Organization) to play a central role in Japan’s efforts to achieve carbon neutrality.
DOT's Hazardous Materials Regulations and Lithium batteries are hazardous materials and are subject to DOT's Hazardous Materials Regulations (HMR; 49 CFR Parts 171–180). This includes packaging and standard hazard communication requirements (e.g., markings, labels, shipping papers, emergency response information) and hazmat employee training requirements. Hazard communication requirements are found in part 172 of the HMR and requirements specific to lithium batteries are found in 49 CFR section 173.185.
Key Target Audience
Manufacturers of Marine Powerboat Batteries, Manufacturers of Powerboats, Suppliers of Marine Powerboat Batteries, Wholesalers, Distributors and Retailers of Marine Powerboat Batteries, Marine Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.