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Marine Lithium-ion Battery Market

Global marine lithium-ion battery Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Machine Type Coverage, By Application Coverage, By Design Coverage, By Functions Coverage, By Geographic Coverage and By Company)

Published Date: Oct 2023 | Format: | No. of Pages: 180

Industry: Energy & Natural Resources | Author Name: Harshad

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Report Description Research Methodology

FAQ : Marine Lithium-ion Battery Market

The global market size of marine lithium-ion battery is approximately US$240 Mn as of 2022 and is expected to reach around US$850 Mn till the end of 2030.

The projected market value CAGR during the forecast period is nearly 19.3%.

Fishing boat remains the leading application segment of the market, whereas the 12V category will continue to be the top machine type segment. On the other hand, by region, Asia Pacific holds the largest market value share in the global marine lithium-ion battery market.

The primary factors responsible for driving the marine lithium-ion battery market expansion include the strict environmental regulations that have made it a top priority to cut emissions, and a visible switch to cleaner energy sources.

Some of the prominent players leading this industry include names like Industrial Automation, Mastervolt, MG Energy Systems, Battery Smart, Saft, Samsung SDI, and LG Energy Solution Ltd.
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