Global Marine Battery Market 2025-2035
Description
Marine Battery Market Size, Share & Trends Analysis Report by Battery Type (Lithium-ion, Nickel Cadmium, Fuel Cell, and Lead-acid) by Application (Starting batteries, Deep-cycle batteries, and Dual-purpose batteries) by Ship Type (Commercial, Defense, and Unmanned Maritime vehicle), By Battery Design (Solid-State Batteries, and Flow Batteries) by Power Rating (<75 KW, 75-150 KW, 151-745 KW, 746-7,560 KW, >7,560 KW) By Propulsion Use Case (Hybrid electric propulsion, Fully electric propulsion, and Conventional) and by Nominal Capacity (<100 AH, 100–250 Ah, and >250 Ah) Forecast Period (2025-2035)
Industry Overview
Marine battery market was valued at $752 million in 2024 and is projected to reach $3,945 million by 2035, growing at a CAGR of 16.4% during the forecast period (2025–2035). The increasing volume of maritime trade is increasing the demand for vessel operations, offering a chance for battery-based and hybrid systems to manage frequent port visits and short hauls effectively.
According to UNCTAD, the maritime business is expected to expand at a growth rate of 2 percent per year in 2024, while the containerized business is expected to expand at a rate of 3.5%. Between 2025 and 2029, seaborne trade as a whole is expected to grow at a compound average annual rate of 2.4%, whereas containerized trade will grow at a compound average annual rate of 2.7% based on estimated GDP and merchandise trade growth rates of 2.7% and 3%, respectively. Growth of the Leisure Boating Industry.
Market Dynamics
Expansion of the Leisure Boating Sector
The rising demand for boating as a recreational activity, particularly in Europe and North America, is fueling a consistent demand for reliable and efficient batteries, leading to market expansion. For instance, in July 2025, Exide Technologies introduced the EZ800 Dual EFB battery, an EFB battery produced in Europe of D31 box-size that is suitable for marine and recreation use. The battery, based on Enhanced Flooded Battery (EFB) technology, delivers greater cranking performance, superior charge acceptance, and long-lasting cycling life.
Advancements in High-Voltage Battery Systems
The market expansion is facilitated by innovation in high-voltage battery systems, which enabled improved range, quicker charging, and better performance for small and large ships. For instance, in October 2024, Fortescue Zero is produced at its US-based Detroit Manufacturing Center, utilizing its Scalable Battery Module technology to make a High-Voltage Marine Battery Pack. The product will be used by advanced marine propulsion expert EVOA, which uses the Marine Battery Pack as part of its high-performance marine powertrain. The high-performance product, delivering 30kWh to 34kWh, is designed to support EVOA's powertrain, capable of up to 1,000 horsepower, and can be configured as a multi-pack Power System, supporting small and larger vessels. This is the first product using Fortescue Zero's Scalable Battery Module technology.
Market Segmentation
The market is growing as a result of increased demand for cleaner, energy-efficient boat propulsion solutions that comply with environmental standards. For instance, in August 2024, Volvo Penta introduced a hybrid-electric propulsion package for boats in late 2025 that combines electric and conventional power. The package features quiet cruising, battery propulsion, sophisticated technologies such as Joystick Driving and Assisted Docking, and emissions-free zones to access. The system changes automatically from electric to diesel power as the operation demands.
The global marine battery market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Rising Adoption of Electric and Hybrid Propulsion Systems In North America
The market growth is attributed to the increased use of electric and hybrid propulsion systems on commercial and recreational boats to decrease greenhouse gas emissions. For instance, in March 2024, Leclanché presented its state-of-the-art marine battery solutions at the Electric & Hybrid Marine World Expo North America. The company presented its Navius MRS-3 marine rack system, which incorporates superior liquid-cooling systems for maximum safety. The solutions offered by the company are for pure electric and hybrid marine usage, such as ferries, yachts, and passenger boats. Advanced technologies allow longer-range operation, higher efficiency, and lower emissions, leading to a greener and cleaner maritime sector. The systems are integrated into ship infrastructure, making maximum use of available space and keeping added weight to a minimum.
Asia-Pacific Maintains Strong Market Position
Asia-Pacific holds a significant share, owing to the market growth is primarily driven by the increasing production and recycling ability of India is pushing the global marine battery market towards lithium-ion with its higher energy density, quicker charging, and increased cycle life. According to the India Brand Equity Foundation (IBEF), in November 2023, in India, the lithium-ion battery industry is set to experience tremendous growth in the years to come, with the recycling industry likely to hit around 22-23 GWh in 2030. The industry is forecasted to grow from 2.9 GWh, propelled by advanced chemistry cell (ACC) batteries that are key to low-carbon transport and energy systems. Government policies are supporting local ACC battery manufacturing, and the finding of lithium deposits in Jammu and Kashmir and Degana, Rajasthan, can potentially meet about 80% of India's demand for lithium. India's energy storage demand by 2030 is projected at 903 GWh, which includes technologies like lithium-ion, redox flow, and solid-state batteries, with emphasis on ramping up battery cell manufacturing in addition to the upstream activities such as the manufacture of anode and cathode material.
The major companies operating in the global marine battery market include EnerSys, Leclanché SA, Siemens AG, Toshiba Corp., Saft Group SAS, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
Industry Overview
Marine battery market was valued at $752 million in 2024 and is projected to reach $3,945 million by 2035, growing at a CAGR of 16.4% during the forecast period (2025–2035). The increasing volume of maritime trade is increasing the demand for vessel operations, offering a chance for battery-based and hybrid systems to manage frequent port visits and short hauls effectively.
According to UNCTAD, the maritime business is expected to expand at a growth rate of 2 percent per year in 2024, while the containerized business is expected to expand at a rate of 3.5%. Between 2025 and 2029, seaborne trade as a whole is expected to grow at a compound average annual rate of 2.4%, whereas containerized trade will grow at a compound average annual rate of 2.7% based on estimated GDP and merchandise trade growth rates of 2.7% and 3%, respectively. Growth of the Leisure Boating Industry.
Market Dynamics
Expansion of the Leisure Boating Sector
The rising demand for boating as a recreational activity, particularly in Europe and North America, is fueling a consistent demand for reliable and efficient batteries, leading to market expansion. For instance, in July 2025, Exide Technologies introduced the EZ800 Dual EFB battery, an EFB battery produced in Europe of D31 box-size that is suitable for marine and recreation use. The battery, based on Enhanced Flooded Battery (EFB) technology, delivers greater cranking performance, superior charge acceptance, and long-lasting cycling life.
Advancements in High-Voltage Battery Systems
The market expansion is facilitated by innovation in high-voltage battery systems, which enabled improved range, quicker charging, and better performance for small and large ships. For instance, in October 2024, Fortescue Zero is produced at its US-based Detroit Manufacturing Center, utilizing its Scalable Battery Module technology to make a High-Voltage Marine Battery Pack. The product will be used by advanced marine propulsion expert EVOA, which uses the Marine Battery Pack as part of its high-performance marine powertrain. The high-performance product, delivering 30kWh to 34kWh, is designed to support EVOA's powertrain, capable of up to 1,000 horsepower, and can be configured as a multi-pack Power System, supporting small and larger vessels. This is the first product using Fortescue Zero's Scalable Battery Module technology.
Market Segmentation
- Based on the battery type, the market is segmented into lithium-ion, nickel-cadmium, fuel cell, and lead-acid.
- Based on the application, the market is segmented into starting batteries, deep-cycle batteries, and dual-purpose batteries.
- Based on the ship type, the market is segmented into commercial, defense, and unmanned maritime vehicles.
- Based on the battery design, the market is segmented into solid-state batteries and flow batteries.
- Based on the power rating, the market is segmented into <75 KW, 75-150 KW, 151-745 KW, 746-7,560 KW, and >7,560 KW.
- Based on the propulsion use case, the market is segmented into hybrid electric propulsion, fully electric propulsion, and conventional.
- Based on the nominal capacity, the market is segmented into <100 AH, 100–250 AH, and >250 AH.
The market is growing as a result of increased demand for cleaner, energy-efficient boat propulsion solutions that comply with environmental standards. For instance, in August 2024, Volvo Penta introduced a hybrid-electric propulsion package for boats in late 2025 that combines electric and conventional power. The package features quiet cruising, battery propulsion, sophisticated technologies such as Joystick Driving and Assisted Docking, and emissions-free zones to access. The system changes automatically from electric to diesel power as the operation demands.
- In December 2023, Wärtsilä selected a hybrid propulsion solution for three new cargo ships for Norwegian shipowner Aasen Shipping. The solution, such as the two earlier ships. The company collaborates closely with customers like Aasen Shipping to achieve optimal vessel performance and efficiency, de-risking the project at the design stage.
The global marine battery market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Rising Adoption of Electric and Hybrid Propulsion Systems In North America
The market growth is attributed to the increased use of electric and hybrid propulsion systems on commercial and recreational boats to decrease greenhouse gas emissions. For instance, in March 2024, Leclanché presented its state-of-the-art marine battery solutions at the Electric & Hybrid Marine World Expo North America. The company presented its Navius MRS-3 marine rack system, which incorporates superior liquid-cooling systems for maximum safety. The solutions offered by the company are for pure electric and hybrid marine usage, such as ferries, yachts, and passenger boats. Advanced technologies allow longer-range operation, higher efficiency, and lower emissions, leading to a greener and cleaner maritime sector. The systems are integrated into ship infrastructure, making maximum use of available space and keeping added weight to a minimum.
Asia-Pacific Maintains Strong Market Position
Asia-Pacific holds a significant share, owing to the market growth is primarily driven by the increasing production and recycling ability of India is pushing the global marine battery market towards lithium-ion with its higher energy density, quicker charging, and increased cycle life. According to the India Brand Equity Foundation (IBEF), in November 2023, in India, the lithium-ion battery industry is set to experience tremendous growth in the years to come, with the recycling industry likely to hit around 22-23 GWh in 2030. The industry is forecasted to grow from 2.9 GWh, propelled by advanced chemistry cell (ACC) batteries that are key to low-carbon transport and energy systems. Government policies are supporting local ACC battery manufacturing, and the finding of lithium deposits in Jammu and Kashmir and Degana, Rajasthan, can potentially meet about 80% of India's demand for lithium. India's energy storage demand by 2030 is projected at 903 GWh, which includes technologies like lithium-ion, redox flow, and solid-state batteries, with emphasis on ramping up battery cell manufacturing in addition to the upstream activities such as the manufacture of anode and cathode material.
The major companies operating in the global marine battery market include EnerSys, Leclanché SA, Siemens AG, Toshiba Corp., Saft Group SAS, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
- In May 2025, Incat Hull 096 was officially launched in Tasmania, Australia, as the globe's largest battery-electric vessel. Constructed for South American ferry company Buquebus, the 130-metre-long ferry will run totally on battery-electric power between Buenos Aires and Uruguay. It has more than 250 tonnes of batteries installed and an Energy Storage System with more than 40 megawatt-hours of installed capacity.
- In June 2025, Vision Marine Technologies collaborated with Octillion Power Systems to produce 45.36 kWh high-voltage battery packs for its E-Motion 180E electric outboard system. This enhances the US supply chain and enables OEM integrations and consumer sales of electric boats, making Vision Marine the first North American OEM to have industrialized, US-sourced batteries.
- In June 2025, Langh Tech showcased a marine battery system at NorShipping to minimize emissions and enhance shipping efficiency. It assists ships in complying with EU port regulations that ban the use of auxiliary engines during berthing. Container ships and passenger ferries will be required to use onshore power or zero-emission solutions by 2030.
- In April 2024, MOL Group invested in an American developer of marine battery systems to accelerate their installation on MOL ships. The initiative is part of MOL's strategy to enhance decarbonization and early conversion of ships into electric ships.
- In April 2023, GS Yuasa introduced two Marine Dual AGM marine batteries for motorboats, yachts, and watercraft. The batteries are of high performance and reliability, and belong to the Yuasa YBX Active family. The batteries have Absorbed Glass Mat (AGM) technology to reduce charging time and self-discharge.
- In March 2022, RELiON Battery introduced the InSight Series 12V Battery, a heavy-duty lithium marine and RV battery that is capable of deep-cycle use. This battery provides enhanced off-grid mobility by enabling people to energize more appliances for extended periods without going on shore power. Its competitive features are increased continuous capabilities, low temperature performance, an onboard heat sink, SuperSmart BMS with simple-to-use software, and an IP67 enclosure. The battery supports golf cars, LSVs, PTVs, and utility vehicles.
- In June 2022, Saft introduced the Seanergy 2.0 Li-ion battery system for all-electric and hybrid ships with the purpose of minimizing fuel consumption, CO2, and NOx emissions, and air pollution while keeping performance intact. The eco-friendly and cost-effective solution is scalable to meet multiple vessels loads and boasts a high energy density of 130 Wh/l.
- Market value data analysis of 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global marine battery market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
Table of Contents
220 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Marine Battery Market Sales Analysis – Battery Type | Application | Ship Type | Battery Design | Power Rating | Propulsion Use Case | Nominal Capacity ($ Million)
- Marine Battery Market Sales Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Marine Battery Trends
- 2.2.2. Market Recommendations
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For the Global Marine Battery Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For the Global Marine Battery Market: Impact Analysis
- 3.3. Market Opportunities
- 3.3.1. Restraints For the Global Marine Battery Market: Impact Analysis
- 4. Competitive Landscape
- 4.1. Competitive Dashboard – Marine Battery Market Revenue and Share by Manufacturers
- Marine Battery Type Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. EnerSys
- 4.2.1.1. Overview
- 4.2.1.2. Battery Type Portfolio
- 4.2.1.3. Financial Analysis (Subject to Data Availability)
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. Leclanché SA
- 4.2.2.1. Overview
- 4.2.2.2. Battery Type Portfolio
- 4.2.2.3. Financial Analysis (Subject to Data Availability)
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. Siemens AG
- 4.2.3.1. Overview
- 4.2.3.2. Battery Type Portfolio
- 4.2.3.3. Financial Analysis (Subject to Data Availability)
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.4. Toshiba Corp.
- 4.2.4.1. Overview
- 4.2.4.2. Battery Type Portfolio
- 4.2.4.3. Financial Analysis (Subject to Data Availability)
- 4.2.4.4. SWOT Analysis
- 4.2.4.5. Business Strategy
- 4.2.5. Saft Batteries
- 4.2.5.1. Overview
- 4.2.5.2. Battery Type Portfolio
- 4.2.5.3. Financial Analysis (Subject to Data Availability)
- 4.2.5.4. SWOT Analysis
- 4.2.5.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
- 5. Global Marine Battery Market Sales Analysis By Battery Type ($ Million)
- 5.1. Lithium-ion
- 5.2. Nickel Cadmium
- 5.3. Fuel Cell
- 5.4. Lead-acid
- 6. Global Marine Battery Market Sales Analysis By Application ($ Million)
- 6.1. Starting Batteries
- 6.2. Deep-Cycle Batteries
- 6.3. Dual-Purpose Batteries
- 7. Global Marine Battery Market Sales Analysis By Ship Type ($ Million)
- 7.1. Commercial
- 7.2. Defense
- 7.3. Unmanned Maritime Vehicle
- 8. Global Marine Battery Market Sales Analysis By Battery Design ($ Million)
- 8.1. Solid-State Batteries
- 8.2. Flow Batteries
- Global Marine Battery Market Sales Analysis By Power Rating ($ Million)
- 8.3. <75 KW
- 8.4. 75-150 KW
- 8.5. 151-745 KW
- 8.6. 746-7,560 KW
- 8.7. >7,560 KW
- Global Marine Battery Market Sales Analysis By Propulsion Use Case ($ Million)
- 8.8. Hybrid Electric Propulsion
- 8.9. Fully Electric Propulsion
- 8.10. Conventional
- Global Marine Battery Market Sales Analysis By Nominal Capacity ($ Million)
- 8.11. <100 AH
- 8.12. 100–250 Ah
- 8.13. >250 Ah
- 9. Regional Analysis
- 9.1. North American Marine Battery Market Sales Analysis – Battery Type | Application | Ship Type | Battery Design | Power Rating| Propulsion Use Case | Nominal Capacity ($ Million)
- Macroeconomic Factors for North America
- 9.1.1. United States
- 9.1.2. Canada
- 9.2. European Marine Battery Market Sales Analysis – Battery Type | Application | Ship Type | Battery Design | Power Rating| Propulsion Use Case | Nominal Capacity ($ Million)
- Macroeconomic Factors for Europe
- 9.2.1. UK
- 9.2.2. Germany
- 9.2.3. Italy
- 9.2.4. Spain
- 9.2.5. France
- 9.2.6. Russia
- 9.2.7. Rest of Europe
- 9.3. Asia-Pacific Marine Battery Market Sales Analysis – Battery Type | Application | Ship Type | Battery Design | Power Rating| Propulsion Use Case | Nominal Capacity ($ Million)
- Macroeconomic Factors for Asia-Pacific
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.3.4. India
- 9.3.5. Australia & New Zealand
- 9.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 9.3.7. Rest of Asia-Pacific
- 9.4. Rest of the World Marine Battery Market Sales Analysis – Battery Type | Application | Ship Type | Battery Design | Power Rating| Propulsion Use Case | Nominal Capacity ($ Million)
- Macroeconomic Factors for the Rest of the World
- 9.4.1. Latin America
- 9.4.2. Middle East and Africa
- 10. Company Profiles
- 10.1. Akasol AG
- 10.1.1. Quick Facts
- 10.1.2. Company Overview
- 10.1.3. Product Portfolio
- 10.1.4. Business Strategies
- 10.2. Contemporary Amperex Technology Co., Ltd. (CATL)
- 10.2.1. Quick Facts
- 10.2.2. Company Overview
- 10.2.3. Product Portfolio
- 10.2.4. Business Strategies
- 10.3. Corvus Energy
- 10.3.1. Quick Facts
- 10.3.2. Company Overview
- 10.3.3. Product Portfolio
- 10.3.4. Business Strategies
- 10.4. East Penn Manufacturing Co.
- 10.4.1. Quick Facts
- 10.4.2. Company Overview
- 10.4.3. Product Portfolio
- 10.4.4. Business Strategies
- 10.5. Echandia AB
- 10.5.1. Quick Facts
- 10.5.2. Company Overview
- 10.5.3. Product Portfolio
- 10.5.4. Business Strategies
- 10.6. EnerSys
- 10.6.1. Quick Facts
- 10.6.2. Company Overview
- 10.6.3. Product Portfolio
- 10.6.4. Business Strategies
- 10.7. EST-Floattech B.V.
- 10.7.1. Quick Facts
- 10.7.2. Company Overview
- 10.7.3. Product Portfolio
- 10.7.4. Business Strategies
- 10.8. Exide Technologies S.A.S.
- 10.8.1. Quick Facts
- 10.8.2. Company Overview
- 10.8.3. Product Portfolio
- 10.8.4. Business Strategies
- 10.9. Fleetzero
- 10.9.1. Quick Facts
- 10.9.2. Company Overview
- 10.9.3. Product Portfolio
- 10.9.4. Business Strategies
- 10.10. Forsee Power Rating
- 10.10.1. Quick Facts
- 10.10.2. Company Overview
- 10.10.3. Product Portfolio
- 10.10.4. Business Strategies
- 10.11. Fortescue Ltd.
- 10.11.1. Quick Facts
- 10.11.2. Company Overview
- 10.11.3. Product Portfolio
- 10.11.4. Business Strategies
- 10.12. General Electric Co.
- 10.12.1. Quick Facts
- 10.12.2. Company Overview
- 10.12.3. Product Portfolio
- 10.12.4. Business Strategies
- 10.13. GS Yuasa International Ltd.
- 10.13.1. Quick Facts
- 10.13.2. Company Overview
- 10.13.3. Product Portfolio
- 10.13.4. Business Strategies
- 10.14. Langh Tech
- 10.14.1. Quick Facts
- 10.14.2. Company Overview
- 10.14.3. Product Portfolio
- 10.14.4. Business Strategies
- 10.15. Leclanché SA
- 10.15.1. Quick Facts
- 10.15.2. Company Overview
- 10.15.3. Product Portfolio
- 10.15.4. Business Strategies
- 10.16. Lifeline Batteries Inc.
- 10.16.1. Quick Facts
- 10.16.2. Company Overview
- 10.16.3. Product Portfolio
- 10.16.4. Business Strategies
- 10.17. Nsure Energy
- 10.17.1. Quick Facts
- 10.17.2. Company Overview
- 10.17.3. Product Portfolio
- 10.17.4. Business Strategies
- 10.18. RELiON Batteries
- 10.18.1. Quick Facts
- 10.18.2. Company Overview
- 10.18.3. Product Portfolio
- 10.18.4. Business Strategies
- 10.19. Saft Groupe SAS
- 10.19.1. Quick Facts
- 10.19.2. Company Overview
- 10.19.3. Product Portfolio
- 10.19.4. Business Strategies
- 10.20. Siemens AG
- 10.20.1. Quick Facts
- 10.20.2. Company Overview
- 10.20.3. Product Portfolio
- 10.20.4. Business Strategies
- 10.21. The Furukawa Battery Co., Ltd.
- 10.21.1. Quick Facts
- 10.21.2. Company Overview
- 10.21.3. Product Portfolio
- 10.21.4. Business Strategies
- 10.22. Toshiba Corp.
- 10.22.1. Quick Facts
- 10.22.2. Company Overview
- 10.22.3. Product Portfolio
- 10.22.4. Business Strategies
- 10.23. Vision Marine Technologies Inc.
- 10.23.1. Quick Facts
- 10.23.2. Company Overview
- 10.23.3. Product Portfolio
- 10.23.4. Business Strategies
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
