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Marine Battery Market worth $812 million by 2025 - Exclusive Report by MarketsandMarkets

Marine Battery Market worth $812 million by 2025 - Exclusive Report by MarketsandMarkets
CHICAGO, May 4, 2021 /PRNewswire/ 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.
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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, ....

United States , New Zealand , South Korea , Kostenloser Wertpapierhandel , Aashish Mehra , Yara Birkeland , International Maritime Organization , Guangzhou Shipyard International Company Ltd , Kokam Co , Toshiba Corporation Japan , European Union , Furukawa Battery Solutions Japan , Energy Solutions Canada , Everexceed Industrial Co , Research Insight , Corvus Energy Canada , Battery Market , Battery Type , Fuel Cell , Propulsion Type , Fully Electric , Sales Channel , Ship Range , Nominal Capacity , Battery Design , Battery Function ,

Marine Battery Market worth $812 million by 2025 - Exclusive Report by MarketsandMarkets™

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CHICAGO, May 4, 2021 /PRNewswire/ 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.
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. ....

United States , New Zealand , South Korea , Aashish Mehra , Yara Birkeland , International Maritime Organization , Guangzhou Shipyard International Company Ltd , Kokam Co , Toshiba Corporation Japan , European Union , Furukawa Battery Solutions Japan , Energy Solutions Canada , Everexceed Industrial Co , Research Insight , Corvus Energy Canada , Battery Market , Battery Type , Fuel Cell , Propulsion Type , Fully Electric , Sales Channel , Ship Range , Nominal Capacity , Battery Design , Battery Function , Marine Battery Market ,

Major Key Trends in Marine Battery Market

Dual-purpose batteries segment to register the highest CAGR during the forecast period

Northbrook, IL (SBWIRE) 12/18/2020 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 of 48.1% from 2020 to 2025. The implementation of the sulfur 2020 rule and growing maritime tourism industry are among the major factors driving the marine battery market.
Fully electric segment to register the highest CAGR during the forecast period
By propulsion type, the fully electric segment is anticipated to witness the highest CAGR during the forecast period. Fully electric-driven ships have a positive effect on the environment as the inclusion of high energy storage in batteries and optimized power control can reduce fuel consumption, maintenance, and emissions. The growth of the fully electric segment can be attributed to the increasing demand for fully electric small and medium passenger and cargo ....

South Korea , Furukawa Battery Solutions Japan , Everexceed Industrial Co , Energy Solutions Canada , Toshiba Corporation Japan , Kokam Co , Corvus Energy Canada , Corvus Energy , Spear Power Systems , Echandia Marine , Furukawa Battery Solutions , Lithium Werks , Exide Technologies , Craftsman Marine , Powertech Systems , Toshiba Corporation , Everexceed Industrial , Lifeline Batteries , Forsee Power , தெற்கு கொரியா , ஃபுருகாவா மின்கலம் தீர்வுகள் ஜப்பான் , ஆற்றல் தீர்வுகள் கனடா , தோஷிபா நிறுவனம் ஜப்பான் , கவுஸ் ஆற்றல் கனடா , கவுஸ் ஆற்றல் , ஈட்டி பவர் அமைப்புகள் ,