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Asia Pacific Marine Battery Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Asia Pacific Marine Battery Market- (By Propulsion Type - Fully Electric, Hybrid and Conventional; By Battery Function - Starting Batteries, Deep-cycle Batteries and Dual-Purpose Batteries; By Battery Design - Solid-state Batteries and Flow Batteries; By Application – Commercial and Defence; By Battery Type - Lead-acid, Lithium and Fuel cell; By Ship Power - <75 KW, 75–150 KW, and Others; By Ship Range - <50 KM, 50-100 KM, and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published Date: Apr-2022  |   Format: pdfpowerpointexcel  |  Report ID: AA0422198  | Delivery: 2 to 4 Hours


Report AttributeDetails
Market Size Value in 2021US$ 123.9 Mn
Expected Revenue in 2027US$ 1,017.1 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
Segments coveredBy Propulsion Type, Battery Function, Battery Design, Application, Battery Type, Ship Power, Ship Range, and Region/Country
Leading playersAkasol AG, Siemens, Spear Power Systems, Furukawa Battery Solutions, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization


Lead-acid, lithium and fuel cell are different types of marine batteries.

Asia Pacific Marine Battery Market was valued at US$ 123.9 Mn in 2021.

Asia Pacific Marine Battery Market is estimated to expand at a CAGR of 51.1% over the projection period.

The various segments of the Asia Pacific Marine Battery Market are based on propulsion type, battery type, battery function, battery design, application, ship power, ship range, and region.

The market is majorly driven by factors such as rising maritime trade in Asia Pacific, increasing government initiatives to curb marine emissions and rise in demand of lithium batteries.

The high cost of maintenance of batteries are hindering the market growth.

Adoption of hybrid and fully electric vessels are expected to present a lucrative opportunity for market expansion over the forecast period.

Lead acid battery type leads the Asia Pacific Marine Battery Market in 2021.

Commercial application holds the highest share in the Asia Pacific Marine Battery Market.

Hybrid type holds the highest market share in 2021.

China dominates the Asia Pacific Marine Battery Market.

The key competitors in the Asia Pacific Marine Battery Market are Akasol AG, Siemens, Furukawa Battery Solutions, Toshiba Corporation, and Exide Technologies among others.