Global Submarine Battery Market Overview:
Submarine batteries are used to power naval fleet and its others components. Growing applications of submarine across commercial and defense applications demand high end and long lasting batteries which provide a great opportunity for service providers to invest in manufacturing energy efficient and Eco-friendly submarine batteries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Focus on Light Weight and Environment Friendly Batteries
Market Growth Drivers:
Increasing Investment in Submarine and Focus on Development of Energy -efficient Marine Batteries
Challenges:
Operational Difficulties Associated with Lithium-Based Aircraft Battery and Problems of Frequent Charging
Restraints:
Issues Related to Long Lasting of Marie Batteries and Safety Concern Related to Use of Lead Acid Batteries
Opportunities:
Emphasizing on Fuel Cell Adoption to Cut Down the Emission and Growing Need for Effective Battery Management System for Marine Applications
Competitive Landscape:
Some of the key players profiled in the report are EnerSys [United States], Systems Sunlight SA [Greece], Exide Technologies [United States], Zibo Torch Energy Co., Ltd. [China], EverExceed [China], GS Yuasa [Japan] and Toshiba [Japan]. Additionally, following companies can also be profiled that are part of our coverage like Saft Groupe S.A [France], Kokam [South Korea], Arotech Corporation [United States] and HBL [India]. Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Submarine Battery market by 2030. Considering Market by End Users, the sub-segment i.e. Civilian will boost the Submarine Battery market. Considering Market by Power Density, the sub-segment i.e. Less Than 300 Wh/Kg will boost the Submarine Battery market.
South Korea claims in November 2018 to develop new battery that can double up operational time of submarines as these batteries would be more potent than lead-acid batteries. As said by Defense Acquisition Program Administration (DAPA), the battery is expected to be launched in mid 2020.
What Can be Explored with the Submarine Battery Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Submarine Battery Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Submarine Battery
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Submarine Battery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Submarine Battery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Defense Equipment, Manufacturers of Military Batteries, Raw Material Suppliers, Defense Forces, Government Bodies, Research Institutes, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.