Global Marine Powerboat Battery Market Size, Share, Opportunities, And Trends By Battery type (Lithium-ion, AGM, Lead-acid), By Engine Type (Inboard, Outboard), By Power Rating (Less than 20V, 20V, Above 20V), By Vessel Type (Cruise, On-water commercial, High end leisure, Underwater leisure, Underwater AUV), And By Geography - Forecasts From 2025 To 2030

Description

Marine Powerboat Battery Market Size:

The global marine powerboat battery market is projected to rise, achieving a 7.27% CAGR, to USD 479.140 million in 2030 from USD 337.417 million in 2025.

Marine Powerboat Battery Market Trends:

The market of marine powerboat batteries is expected to be driven by increasing demand for water sports as leisure activities, increasing tourism for marine and coastal tourism, increasing income, and increasing demand for transportation through marine. In addition to that, the increasing demand from SMEs and verticals provides further boosts the demand for the marine powerboat battery market. The government’s increasing initiatives in the development of new technologies that are environmentally friendly will contribute to the growth of the marine powerboat battery market significantly in the forecast period. This creates an opportunity for manufacturers to come up with new technologies with low carbon emissions.

Another opportunity is the increasing demand for dual-purpose batteries in the marine industry. It is expected that the market will be restrained by the higher costs of batteries with higher safety and eco-friendly technology. The fact, that government initiatives are increasing towards environmentally friendly technologies including electric vehicles, the demand for lithium-ion batteries will further increase in the coming future as the growth of electric vehicles and hybrid vehicles will increase the demand for lithium-ion-based marine powerboat batteries in the market. The major constraint faced by the lithium-ion battery market is the lack of technological advancement in the market. The potential manufacturers have an opportunity to bring some advancement in this market. Apart from this, the firms have to develop new technologies to maintain the regulatory requirements.

Marine Powerboat Battery Market Segment Analysis:

The market is segmented by type into lithium-ion, AGM, and lead-acid batteries. Among them, lead-acid is relatively cheaper than lithium-ion ones, but the latter ones have a longer span of life and better capacity to retain power as compared to the former ones. On comparing AGM and lead-acid, they are similar in nature except that AGM batteries are spillproof as they use the mesh-up of glass fiber to store power. It is expected that the growth of the lead and AGM batteries will be restrained by the growth of the lithium-ion batteries because the latter ones are relatively cheaper as compared to the former ones and hence, create more demand for the latter ones. By region, the market is segmented into North America, South America, the Middle East, and Africa, Asia Pacific, and Europe. North America is expected to witness significant growth in the forecast period because of the increasing demand for water activities as leisure activities that boost the demand for powerboat batteries in the market. Following that Europe is expected to be the second significant region to grow in the forecast period as in these two regions, tourism, recreation, and leisure activities have increased significantly.

The market by power rating is segmented into less 20V, 20V, and above 20V. In 2019, the above 20V marine powerboat battery is holding a significant market share. It is expected that the above 20V market will continue to hold a significant market share. By vessel type, the market is segmented into cruise, on-water commercial, high-end leisure, underwater leisure, and underwater AUV. The Cruiser market is expected to witness a significant market share and will have significant market growth as the cruiser offers a wide range of onboard activities in different sizes and shapes hence, their demand is quite high in the market.

In the upcoming period, due to environmental sustainability, the demand for batteries is coming up in the automotive industry as well as in the battery recycling industry. The major concern for the environment-friendly environment is the recycling of used batteries and the mining of the minerals that are used in the making of the batteries. This is creating an opportunity for innovative manufacturers for the recycling industry for powerboat batteries, majorly in the Asia Pacific and Europe regions. Apart from that, it is creating a demand for aluminum batteries in the market because of the fuel efficiency in the marine powerboat battery market. Aluminum batteries are relatively less costly and lightweight as compared to lithium-ion batteries.

Also, Europe and North America are also looking for the deployment of all-electric batteries, as the marine industry prefers electric and hybrid ships to reduce the dependence on fuel oil and diesel for environmental sustainability. Europe region is also showing potential for electric marine powerboat batteries in the upcoming future.

Marine Powerboat Battery Market Regional Analysis:

• APAC to witness lucrative growth.

The Asia Pacific is expected to have positive growth in the forecast period. Developing countries such as China, Brazil, India, Indonesia, and Singapore have the potential to grow in the forecast period. It is expected that in these countries, the market for marine powerboat batteries is driven by the increasing household disposable income due to industrialization and urbanization, government initiatives to increase tourism, and environment-friendly technologies for the powerboats. Government initiatives are increasing in India to bring the economy back on track which has been affected by the pandemic during the last year. Asia Pacific region has the potential opportunities for the manufacturers to grow in the forecast period.

Marine Powerboat Battery Market Segmentation:

• GLOBAL MARINE POWERBOAT BATTERY MARKET BY BATTERY TYPE
  • Lithium-ion
  • AGM
  • Lead-acid
• GLOBAL MARINE POWERBOAT BATTERY MARKET BY ENGINE TYPE
  • Inboard
  • Outboard
• GLOBAL MARINE POWERBOAT BATTERY MARKET BY POWER RATING
  • Less than 20V
  • 20V
  • Above 20V
• GLOBAL MARINE POWERBOAT BATTERY MARKET BY VESSEL TYPE
  • Cruise
  • On-water commercial
  • High-end leisure
  • Underwater leisure
  • Underwater AUV
• GLOBAL MARINE POWERBOAT BATTERY MARKET BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
    2.1. Market Overview
    2.2. Market Definition
    2.3. Scope of the Study
    2.4. Market Segmentation
3. BUSINESS LANDSCAPE
    3.1. Market Drivers
    3.2. Market Restraints
    3.3. Market Opportunities
    3.4. Porter’s Five Forces Analysis
    3.5. Industry Value Chain Analysis
    3.6. Policies and Regulations
    3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. GLOBAL MARINE POWERBOAT BATTERY MARKET BY BATTERY TYPE
    5.1. Introduction
    5.2. Lithium-ion
    5.3. AGM
    5.4. Lead-acid
6. GLOBAL MARINE POWERBOAT BATTERY MARKET BY ENGINE TYPE
    6.1. Introduction
    6.2. Inboard
    6.3. Outboard
7. GLOBAL MARINE POWERBOAT BATTERY MARKET BY POWER RATING
    7.1. Introduction
    7.2. Less than 20V
    7.3. 20V
    7.4. Above 20V
8. GLOBAL MARINE POWERBOAT BATTERY MARKET BY VESSEL TYPE
    8.1. Introduction
    8.2. Cruise
    8.3. On-water commercial
    8.4. High-end leisure
    8.5. Underwater leisure
    8.6. Underwater AUV
9. GLOBAL MARINE POWERBOAT BATTERY MARKET BY GEOGRAPHY
    9.1. Introduction
    9.2. North America
        9.2.1. USA
        9.2.2. Canada
        9.2.3. Mexico
    9.3. South America
        9.3.1. Brazil
        9.3.2. Argentina
        9.3.3. Others
    9.4. Europe
        9.4.1. Germany
        9.4.2. France
        9.4.3. United Kingdom
        9.4.4. Spain
        9.4.5. Others
    9.5. Middle East and Africa
        9.5.1. Saudi Arabia
        9.5.2. UAE
        9.5.3. Others
    9.6. Asia Pacific
        9.6.1. China
        9.6.2. India
        9.6.3. Japan
        9.6.4. South Korea
        9.6.5. Indonesia
        9.6.6. Thailand
        9.6.7. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
    10.1. Major Players and Strategy Analysis
    10.2. Market Share Analysis
    10.3. Mergers, Acquisitions, Agreements, and Collaborations
    10.4. Competitive Dashboard
11. COMPANY PROFILES
    11.1. Halliburton
    11.2. BHGE
    11.3. Enermech
    11.4. IKM
    11.5. Hydratight
    11.6. Techfem S.P.A.
    11.7. Altus Intervention
    11.8. Bluefin Group
    11.9. Chenergy Services
    11.10. IPEC
    11.11. Trans Asia Pipelines
    11.12. Schlumberger Pipeline Services Ltd
    11.13. Aramco Services Co
    11.14. Anabeeb Arabian Pipeline & Services Co Ltd
12. APPENDIX
    12.1. Currency
    12.2. Assumptions
    12.3. Base and Forecast Years Timeline
    12.4. Key benefits for the stakeholders
    12.5. Research Methodology
    12.6. Abbreviations
LIST OF FIGURES
LIST OF TABLES

Companies Profiled

Halliburton

BHGE

Enermech

IKM

Hydratight

Techfem S.P.A

Altus Intervention

Bluefin Group

Chenergy Services

IPEC

Trans Asia Pipelines

Schlumberger Pipeline Services Ltd

Aramco Services Co

Anabeeb Arabian Pipeline & Services Co Ltd

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