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 : 156 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

 Submarine Battery  | Coherent Market Insights

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

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