Marine Battery Market Share Outlook and Opportunities in Grooming Regions with Forecast 2026

 

Global Marine Battery Market.

Market Forecast

Global Marine Battery Market is projected to register a CAGR of 7.8% from 2020 to 2026.

The growth in the seaborne trade and maritime tourism industry globally is driving the growth of the market. Furthermore, the implementation of the Sulfur 2020 regulation by the IMO is fueling the growth of the market.

Market USP

An increase in the electrification of ships requires advanced batteries.

Growth Opportunities in the Market

Valve-regulated lead-acid (VRLA) batteries segment expected to register high growth: The valve-regulated lead-acid (VRLA) batteries segment accounted for the largest market share in 2019 and is expected to exhibit a high CAGR during the review period. These batteries are maintenance-free and do not require electrolyte or water. Moreover, these batteries have captive electrolyte, which prevents it from spilling even when the case is punctured.

Deep cycle service segment expected to register a high growth rate: The deep cycle service segment accounted for the largest market share in 2019 and is expected to exhibit a high CAGR during the review period. The increasing use of batteries for deep cycle applications such as running a trolling motor or heavy marine accessory load is driving the growth of the segment.

The dual-purpose service segment is expected to grow at the highest CAGR during the forecast period. The dual-purpose batteries are specially designed for both starting and deep cycle applications. Hence the demand for these batteries is increasing from the last few years.

Commercial ship segment expected to register the higher growth rate: The commercial ship segment is expected to exhibit a high CAGR during the review period. Increasing investments in the development of electric propulsion cargo and passenger vessels are expected to boost the demand for advanced batteries.


Key Players

·        East Penn Manufacturing Co. (US)

·        EnerSys (US)

·        EverExceed Industrial Co., Ltd (China)

·        Exide Industries Limited (India)

·        Exide Technologies (US)

·        GS Yuasa (Japan)

·        HBL Power Systems Limited (India)

·        Korea Special Battery (South Korea)

·        Manbat Ltd (UK)

·        Saft Groupe SA (France)

·        Systems Sunlight SA (Greece)

·        Zibo Torch Energy (China)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/marine-battery-market-9530

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more