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Pulished Date April, 2021
ID: 10179
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Submarine Battery Market Segmentation By type (Valve-Regulated Lead-Acid Batteries, Flooded Lead-Acid Batteries, and others), by application (Civil and Military), and Region - Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 10179
Pages: 175

Submarine Battery Market Value and Growth Analysis:

The global submarine battery market size is expected to reach USD 527.1 million by 2026, with a CAGR of 5.5% between 2021and 2026. A submarine is a vessel that has an ability to perform underwater operations. Submarines have the ability to submerge and emerge in water.

The submarine is considered to be the most high-tech ship in the world. Navy submarines have the ability to launch ballistic missiles, conduct rescue operations and also serve as a nuclear weapons base. Navy submarines are equipped with internal facilities and adaptability. This allows the naval army to live months or even years underwater. Diesel-electric submarines had their first significant impact during World War I. Various submarines were used as secret weapons during WWI and WWII. Submarine batteries are used to power the equipment and internal systems of submarines when the submarine is submerged underwater. Batteries installed in a submarine are also used for propulsion whenever needed. In addition, strict laws regarding marine emissions have also increased the demand for submarine batteries. The average lifespan of underwater batteries is around 30 to 40 years. In addition, many leading manufacturers design batteries with adequate underwater battery capacity.

Submarine Battery Market Recent Developments in the Industry:

Japan's advanced Soryu-class diesel-electric submarine program reached a milestone on Thursday. The country launched the JS Oryu, the first submarine in the class to use long-lasting lithium-ion batteries, achieving a long-sought capacity designed to give submarines an additional acoustic advantage in sensitive operations and d 'combat operations.

Submarine Battery Market Drivers

The main factors driving the expansion of the global submarine battery industry include increased government spending in the defence sector. In addition, investments by major players in the development of advanced submarines are also expected to boost the use of submarine batteries. The growing demand for unmanned underwater vehicles is one of the main drivers of market expansion. Electrical energy is needed to operate equipment and other internal systems in submarines. For underwater and surface propulsion, submarines are equipped with diesel engines, which run on fuel (diesel), or use nuclear reactors which use nuclear fission for propulsion. Several submarines are also equipped with battery banks for power supply. In emergency situations, a fully charged battery is the only source of underwater propulsion. On the surface, these submarines use a diesel engine for propulsion and thus charge the main storage battery. Once the batteries are fully charged, the submarine can be submerged and perform underwater operations. Therefore, a submarine equipped with a charged battery is the only way for a diesel submarine to dive underwater. The increased demand for renewable energy, energy efficient systems, hybrid marine propulsion systems and the implementation of strict regulations related to marine emissions are expected to boost the market for underwater batteries.

Restraints:

High maintenance costs are expected to hamper the global market. However, the limitations associated with battery technology, as the more efficient and durable batteries built into a diesel submarine can help stay underwater for an extended period.

Opportunities in the Submarine Battery Market :

Escalated investment in the navy in developing countries is likely to be an opportunity for players in the submarine battery market. The market is poised to experience a strong expansion during the forecast period owing to the increase in government spending in the defence sector and investments by major players for the development of advanced submarines. In addition, the ongoing technological advancement related to the development of efficient and durable batteries can be a boon for various maritime operations. The high problem to submarine batteries is nuclear power, as nuclear-powered submarines can be underwater for a long time.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021- 2026

CAGR

5.5%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Submarine Battery Market are Enersys (US), Exide Technologies (US), Everexceed (China), Gs Yuasa (Japan), Korea Special Battery Co. Ltd. (South Korea), Systems Sunlight SA (Greece), Zibo Torch Energy Co. Ltd. (China), HBL (India), Epsilor (Israel), Champion Storage Battery Company Limited (China), and Kokam (South Korea

Submarine Battery Market Segmentation:

By Type:

  • Valve-Regulated Lead-Acid Batteries
  • Flooded Lead-Acid Batteries
  • Others

The valve-regulated lead-acid batteries fragment is predicted to raise with the highest CAGR throughout the foreseen period as these submarine batteries are rechargeable. 

By Application:

  • Civil
  • Military

The military segment is predicted to hold the largest share within the global submarine battery market owing to escalating spending by the Navy of different countries.

Submarine Battery Regional Analysis:

  • North America 
  • Europe
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa

Asia-Pacific holds the largest market share due to the large number of submarines in the region. Asia-Pacific is estimated to be the fastest growing market region during the forecast period, mainly due to increasing technological advancements in countries in this area. Europe is anticipated to be a key region in the submarine battery market in the near future due to the immense transition to renewables in the region. In December 2020, Russia announced its new naval plan, which consists of expanding submarines, frigates and cruise missiles. In February 2020, the European Union accepted the proposal to invest significantly in increasing energy security by strengthening its cross-border energy infrastructure. Installing batteries in existing submarines running on diesel or electric propulsion can play a critical role in such projects. Asia-Pacific is also expected to be a leading region in the market due to the increasing use of renewable energy in the region. North America is also likely to be one of the major regions of the submarine battery market due to the increase in the number of renewable energy projects and offshore oil and gas projects in the region. The United States is considered the country with the most powerful naval system in the world. In addition, the United States government plans to deploy new submarines and upgrade existing ones with the latest technology.

Additionally, the Asia-Pacific region is expected to post the highest CAGR during the forecast period. China, India and Japan are among the main countries driving the expansion of the submarine battery market in this region. The growing investment by the government in the production of submarines is one of the major diving factors contributing to the expansion of the market in this region. For example, in 2021the Indian government announced the launch of a project to build six nuclear-powered attack submarines. Therefore, such submarine development projects have accelerated the expansion of the submarine battery market in this region.

Submarine Battery Market Key Players:

The key players operating in the Global Submarine Battery Market are Enersys (US), Exide Technologies (US), Everexceed (China), Gs Yuasa (Japan), Korea Special Battery Co. Ltd. (South Korea), Systems Sunlight SA (Greece), Zibo Torch Energy Co. Ltd. (China), HBL (India), Epsilor (Israel), Champion Storage Battery Company Limited (China), and Kokam (South Korea).

 

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Submarine Battery Market, By Type              

                             6.1.1 Valve-Regulated Lead-Acid Batteries          

                             6.1.2 Flooded Lead-Acid Batteries          

                             6.1.3 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.4 Y-o-Y Growth Rate Analysis            

                             6.1.5 Market Attractiveness Index          

              6.2 Submarine Battery Market, By Application                 

                             6.2.1 Civil          

                             6.2.2 Military    

                             6.2.3 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.4 Y-o-Y Growth Rate Analysis            

                             6.2.5 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Type    

                             7.2.3 By Application      

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Type    

                             7.3.3 By Application      

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Type    

                             7.4.3 By Application      

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Type    

                             7.5.3 By Application      

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Type    

                             7.6.3 By Application      

8. Key Player Analysis                                

              8.1 Enersys                      

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Exide Technologies               

              8.3 Everexceed               

              8.4 Gs Yuasa                   

              8.5 Korea Special Battery Co. Ltd                           

              8.6 Systems Sunlight SA              

              8.7 Zibo Torch Energy Co. Ltd                  

              8.8 HBL              

              8.9 Epsilor                       

              8.10 Kokam                     

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Submarine Battery Market By Region, From 2021-2026 ( USD Billion )

  2. Global Submarine Battery Market By Type, From 2021-2026 ( USD Billion )

  3. Global Valve-Regulated Lead-Acid Batteries Market By Region, From 2021-2026 ( USD Billion )

  4. Global Flooded Lead-Acid Batteries Market By Region, From 2021-2026 ( USD Billion )

  5. Global Submarine Battery Market By Application, From 2021-2026 ( USD Billion )

  6. Global Civil Market By Region, From 2021-2026 ( USD Billion )

  7. Global Military Market By Region, From 2021-2026 ( USD Billion )

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