Submarine Battery Market Report, By Battery Type (Lithium Ion Battery, Lead Acid Battery, and Others), By Application (Military and Civilian) and by Geography - Size, Share, trends, and Forecast to 2026

  • Published On : Jul 2018 |
  • Pages : 140 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Submarine Battery Market - Insights

A submarine is a watercraft, which is used for various commercial and military applications. In submarines, a battery plays a major role in smooth running of the submarine. For power supply, the submarines are equipped with diesel engine that burns fuel or nuclear reactors that use nuclear fusion, which helps to charge the batteries of submarines. Global submarine battery market generated revenue of US$ 866.8 million in 2017 and is expected to reach US$ 1,307 million by 2025 with a CAGR of 5.5% in the forecast period. Rising demand for unmanned underwater vehicles is one of the major driving factors for the market growth. Rising application of submarines such as commercial use, research, air crash investigation, naval use (intelligence, surveillance, and reconnaissance, mine countermeasures, anti-submarine warfare, inspection/identification etc.) have accelerated growth of the submarine battery market, globally. Moreover, increasing investment for production of submarines is also supporting growth of the market of submarines battery globally. For instance, in April 2018, Australian steel making companies, Bisalloy and BlueScope announced that they signed contracts with Australia navel group 'Royal Australian Navy' to produce up to 250 tons of specialized steel for future submarine program. Similarly, In May 2018, the U.K. government announced investment of US$ 2.94 billion (Euro 2.5 billion) for the development of nuclear submarine and U.K. Defense Secretary also announced that the ministry of defense has released fund of US$ 1.98 billion (£1.5 billion) to build a seventh Astute hunter-killer submarine for the Royal Navy.    

Lead acid battery segment held the dominant position in the global submarine battery market in 2017

On the basis of battery type segment, lead acid battery segment held the dominant position in the market in 2017 and is expected to retain its dominance throughout the forecast period. This is due to various advantages of lead batteries such as reliable, robust, and with capability to deliver high current. Lead acid battery provides standby and propulsion power in various submarines. Continues technical improvement in lead acid battery technology have accelerated growth of the segment in the market.       

Figure.  Global Submarine Battery Market (US$ Million), 2015-2025

 

North America held the dominant position in the global submarine battery market in 2017

North America held the dominant position in the submarine battery market in 2017 and is expected to retain its dominance throughout the forecast period. The U.S. and Canada are the major countries, which drive growth of the submarine battery market in this region. Increasing spending on submarines and increasing defense budget under National Defense Authorization Act have accelerated growth of the market in this region.  For instance, in 2017, the U.S. navy announced that they awarded a contract of US$ 5.1 billion to General Dynamics Electric Boat for Integrated Product and Process Development (IPPD) of the Columbia-Class submarine.

Moreover, Asia pacific region is expected to exhibit the highest CAGR in the forecast period. China, India, and Japan are some of the major countries, which drive growth of the submarine battery market in this region. Increasing government investment on submarines production is one of the major diving factors aiding in growth of the market in this region. For instance, in 2017, the Indian government announced start of a project to build six nuclear powered attack submarines. Hence, such projects for the development of submarines have accelerated growth of the submarine batteries market in this region.     

Key Players- Global Submarine Battery Market.

Major players operating in the global submarine battery market include EnerSys, EverExceed Corporation, Exide Industries, Exide Technologies, GS Yuasa Corporation, HBL Power Systems Limited, Korea Special Battery Co., Ltd., Sunlight Systems S.A, and Zibo Torch Energy Co., Ltd.

A submarine is a watercraft, which is used for various commercial and military applications. In submarines, a battery plays a major role in smooth running of the submarine. Submarine requires high electric power to operate the equipment on board. For power supply, the submarines are equipped with diesel engine that burns fuel or nuclear reactors that use nuclear fusion, which helps to charge the batteries of submarines.     

Market Dynamics

The adoption of lithium ion batteries with integration of submarine diesel engines is one of the key factors for growth of the submarine batteries market. This is due to various advantages such as lighter weight as compared to lead acid battery, output even at low charging, quick charging feature, and longer lifespan. This has led to high demand for lithium ion batteries for submarines. In addition to this, rising government investment for the production of submarines is also a key driving factor for growth of the global submarine market. For instance, in 2016, the U.K. government announced investment of US$ 1.72 billion (£1.3 billion) to BAE Systems for the development of new nuclear submarines.  Similarly, in 2017, the government of India announced start of a process of submarine program with an investment of US$ 8.73 billion (INR 60,000 Crore). These factors are expected to aid in growth of the market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of submarine battery market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
  • It profiles leading players in the global submarine battery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, Submarine Battery   market capital, key developments, strategies, and future plans.
  • Companies covered as part of this study include EnerSys, EverExceed Corporation, Exide Industries, Exide Technologies, GS Yuasa Corporation, HBL Power Systems Limited, Korea Special Battery Co., Ltd., Sunlight Systems S.A, and Zibo Torch Energy Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics.
  • The global submarine battery market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global submarine battery market.

Detailed Segmentation:

  • Global Submarine Battery Market, By Battery Type:
    • Lithium-ion Battery
    • Lead Acid Battery
    • Others
  • Global Submarine Battery Market, By Application:
    • Military
    • Civilian
  • Global Submarine Battery Market, By Geography:
    • North America
      • By Battery Type:
        • Lithium-ion  Battery
        • Lead Acid Battery
        • Others
      • By Application:
        • Military
        • Civilian
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Battery Type:
        • Lithium-ion  Battery
        • Lead Acid Battery
        • Others
      • By Application:
        • Military
        • Civilian
      • By Country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Battery Type:
        • Lithium-ion  Battery
        • Lead Acid Battery
        • Others
      • By Application:
        • Military
        • Civilian
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Battery Type:
        • Lithium-ion  Battery
        • Lead Acid Battery
        • Others
      • By Application:
        • Military
        • Civilian
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Battery Type:
        • Lithium-ion  Battery
        • Lead Acid Battery
        • Others
      • By Application:
        • Military
        • Civilian
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Battery Type:
        • Lithium-ion  Battery
        • Lead Acid Battery
        • Others
      • By Application:
        • Military
        • Civilian
      • By Country:
        • Northern Africa
        • Central Africa
        • South Africa
  • Company Profiles
  • EnerSys
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
  • EverExceed Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
  • Exide Industries
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
  • Exide Technologies
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
  • GS Yuasa Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
  • HBL Power Systems Limited
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
  • Korea Special Battery Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
  • Sunlight Systems S.A
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates
  • Zibo Torch Energy Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/ Updates

Table of Content

  1. Research Objectives and assumption
  • Research Objectives
  • Assumptions
  • Abbreviations
  1. Market Purview
  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet By Battery Type
    • Market Snippet By Application
  • Market Snippet By Region
  • Coherent Opportunity Map (COM)
  1. Market Dynamics, Regulations, and Trends Analysis
  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Regulatory Scenario
  • Industry Trends
  • Value Chain Analysis
  • Merger and Acquisitions
  • New Product Approvals/Launch
  • Porter’s Analysis
  • PEST Analysis
  1. Global Submarine Battery Market, By Battery Type, 2015 – 2025 (US$ Million)
  • Introduction
    • Market Share Analysis, 2017 and 2025 (%)
    • Segment Trends
  • Lithium Ion Battery
    • Introduction
    • Market Size and Forecast, 2017 - 2025, (US$ Million)
  • Lead Acid Battery
    • Introduction
    • Market Size and Forecast, 2017 - 2025, (US$ Million)
  • Others
    • Introduction
    • Market Size and Forecast, 2017 - 2025, (US$ Million)
  1. Global Submarine Battery Market, By Application, 2015 – 2025 (US$ Million)
  • Introduction
    • Market Share Analysis, 2017 and 2025 (%)
    • Segment Trends
  • Military
    • Introduction
    • Market Size and Forecast, 2017 - 2025, (US$ Million)
  • Civilian
    • Introduction
    • Market Size and Forecast, 2017 - 2025, (US$ Million)
  1. Global Submarine Battery Market, By Geography, 2015 - 2025 (US$ Million)
  • Introduction
    • Market Share Analysis, By Region, 2017 and 2025 (%)
    • Regional Trends
  • North America
    • Introduction
    • Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
    • Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
    • Market Share Analysis, By Country, 2017 and 2025 (%)
      • U.S.
      • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
      • Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • Germany
        • U.K.
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
      • Asia Pacific
        • Introduction
        • Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
        • Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
        • Market Share Analysis, By Country, 2017 and 2025 (%)
          • China
          • India
          • Japan
          • ASEAN
          • Australia
          • South Korea
          • Rest of Asia Pacific
        • Latin America
          • Introduction
          • Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
          • Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
          • Market Share Analysis, By Country, 2017 and 2025 (%)
            • Brazil
            • Mexico
            • Argentina
            • Rest of Latin America
          • Middle East
            • Introduction
            • Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
            • Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
            • Market Share Analysis, By Country, 2017 and 2025 (%)
              • GCC Countries
              • Israel
              • Rest of Middle East
            • Africa
              • Introduction
              • Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
              • Market Size and Forecast, By Application, 2017 - 2025 (US$ Million)
              • Market Share Analysis, By Country, 2017 and 2025 (%)
                • Northern Africa
                • Central Africa
                • South Africa
  1. Competitive Landscape
    • EnerSys
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • EverExceed Corporation
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Exide Technologies
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • HBL Power Systems Limited
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Sunlight Systems S.A
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Zibo Torch Energy Co., Ltd.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Exide Industries
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • GS Yuasa Corporation
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Korea Special Battery Co., Ltd.
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Strategic Presence
    • Analyst Views
  1. Section
  • References
  • Research Methodology
  • About us and Sales Contact

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.