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Report
Submarine Battery Market Report by Type (Valve-regulated Lead Acid Batteries, Flooded Lead Acid Batteries, and Others), Application (Civil, Military), and Region 2024-2032
Market Report I 2024-04-08 I 137 Pages I IMARC Group
The global submarine battery market size reached US$ 1.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.37% during 2024-2032. The burgeoning military and defense industry, rising need for unmanned underwater vehicles (UUVs), and the escalating demand for reliable and robust submarine batteries are some of the key factors driving the market.
A submarine battery is used to operate a submarine when it is submerged underwater and returns to the surface. It is positioned in the flooded bottom of the submarine and relies on the onboard battery charger while the submarine reaches the sea. It is developed without the usage of cobalt, nickel, and other heavy metals to avoid harmful environmental impacts. It is maintenance-free and designed to avoid rusting while providing safety during extreme situations, such as fire and accidents. A submarine battery helps the submarine in staying underwater for extended periods and drive while needing shorter charging times. It also offers high energy density, improved charge and discharge dynamics, and enhanced operational life. It assists in operating the nuclear submarine and resolving problems with the nuclear reactor and generator.
Submarine Battery Market Trends:
At present, the increasing demand for navy submarines to launch ballistic missiles, perform rescue operations, and serve as the base of nuclear weapons is contributing to the growth of the market. Moreover, there is a rise in the demand for unmanned underwater vehicles (UUVs) for intelligence gathering, mine-hunting, scientific exploration, and ship-hull inspection to provide an accurate picture under the surface. This, along with the thriving military and defense industry, is offering lucrative growth opportunities to industry investors. Besides this, governments of several countries are investing in the military sector to construct nuclear-powered attack submarines, which is strengthening the growth of the market. In addition, the rising demand for lithium-ion batteries to reduce the weight of submarines and provide a high energy-to-weight ratio is propelling the growth of the market. Apart from this, there is an increase in the demand for energy efficient systems and hybrid marine propulsion systems across the globe. This, coupled with the growing demand for reliable and robust batteries that can deliver high currents, is positively influencing the market. Additionally, the increasing utilization of valve-regulated lead acid (VRLA) batteries to provide high surge currents at low temperatures around the world is offering a positive market outlook. The rising employment of VRLA batteries as uninterruptible power supply (UPS), emergency power supply systems, and telecommunications base stations is also supporting the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global submarine battery market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type and application.
Type Insights:
Valve-regulated Lead Acid Batteries
Flooded Lead Acid Batteries
Others
The report has provided a detailed breakup and analysis of the submarine battery market based on the type. This includes valve-regulated lead acid batteries, flooded lead acid batteries and others. According to the report, valve-regulated lead acid batteries represented the largest segment.
Application Insights:
Civil
Military
A detailed breakup and analysis of the submarine battery market based on the application has also been provided in the report. This includes civil and military. According to the report, military accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for submarine battery. Some of factors driving the Asia Pacific submarine battery market are rising investments in the production of submarines by governments of various countries, increasing technological advancements, and thriving military and defense industry in the region.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global submarine battery market. Detailed profiles of all major companies have also been provided. Some of the companies include Champion Storage Battery Company Limited, EnerSys, EverExceed Industrial Co. Ltd, Exide Industries Ltd, GS Yuasa Corporation, Kokam Limited Company (Solaredge Technologies, Inc.), Korea Special Battery Co. Ltd., Zibo Torch Energy Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. How big is the global submarine battery market?
2. What is the expected growth rate of the global submarine battery market during 2024-2032?
3. What are the key factors driving the global submarine battery market?
4. What has been the impact of COVID-19 on the global submarine battery market?
5. What is the breakup of the global submarine battery market based on the type?
6. What is the breakup of the global submarine battery market based on the application?
7. What are the key regions in the global submarine battery market?
8. Who are the key players/companies in the global submarine battery market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Submarine Battery Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Valve-regulated Lead Acid Batteries
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Flooded Lead Acid Batteries
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Civil
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Military
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Champion Storage Battery Company Limited
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 EnerSys
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 EverExceed Industrial Co. Ltd
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Exide Industries Ltd
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.5 GS Yuasa Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Kokam Limited Company (Solaredge Technologies, Inc.)
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Korea Special Battery Co. Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Zibo Torch Energy Co. Ltd.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report
Figure 1: Global: Submarine Battery Market: Major Drivers and Challenges
Figure 2: Global: Submarine Battery Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Submarine Battery Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Submarine Battery Market: Breakup by Type (in %), 2023
Figure 5: Global: Submarine Battery Market: Breakup by Application (in %), 2023
Figure 6: Global: Submarine Battery Market: Breakup by Region (in %), 2023
Figure 7: Global: Submarine Battery (Valve-regulated Lead Acid Batteries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Submarine Battery (Valve-regulated Lead Acid Batteries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Submarine Battery (Flooded Lead Acid Batteries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Submarine Battery (Flooded Lead Acid Batteries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Submarine Battery (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Submarine Battery (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Submarine Battery (Civil) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Submarine Battery (Civil) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Submarine Battery (Military) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Submarine Battery (Military) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: North America: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: North America: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: United States: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: United States: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Canada: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Canada: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Asia-Pacific: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Asia-Pacific: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: China: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: China: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Japan: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Japan: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: India: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: India: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: South Korea: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: South Korea: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Australia: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Australia: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Indonesia: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Indonesia: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Others: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Others: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Europe: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Europe: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Germany: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Germany: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: France: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: France: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: United Kingdom: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: United Kingdom: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Italy: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Italy: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Spain: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Spain: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Russia: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Russia: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Others: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Others: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Latin America: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Latin America: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Brazil: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Brazil: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Mexico: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Mexico: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Middle East and Africa: Submarine Battery Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Middle East and Africa: Submarine Battery Market: Breakup by Country (in %), 2023
Figure 65: Middle East and Africa: Submarine Battery Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Global: Submarine Battery Industry: Drivers, Restraints, and Opportunities
Figure 67: Global: Submarine Battery Industry: Value Chain Analysis
Figure 68: Global: Submarine Battery Industry: Porter's Five Forces Analysis
Table 1: Global: Submarine Battery Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Submarine Battery Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Submarine Battery Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Submarine Battery Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Submarine Battery Market: Competitive Structure
Table 6: Global: Submarine Battery Market: Key Players
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