Electric Hybrid Marine Technology
  • News
    • A-M
      • Battery Technology
      • Environmental
      • Equipment and Services
      • Expo
      • Ferries and Cruises
      • Marine Construction
      • Marine Renewables
    • N-Z
      • Naval Projects
      • Onboard Systems
      • Ports and Harbours
      • Power and Propulsion
      • Shipyards and Shipbuilding
      • Vessel Build and Maintenance
  • Features
  • Online Magazines
  • Opinion
  • Videos
  • Supplier Spotlight
LinkedIn Facebook Twitter
  • Sign-up for Free Weekly E-Newsletter
  • Meet the Editors
  • Contact Us
  • Media Pack
LinkedIn Facebook
Subscribe
Electric Hybrid Marine Technology
  • News
      • Alternative Fuels
      • Autonomous Technology
      • Awards
      • Battery Technology
      • Expo
      • Ferries and Cruises
      • Hydrogen
      • Legislation
      • Motor Technologies
      • New Vessels
      • Onboard Systems
      • Ports and Harbours
      • Power and Propulsion
      • Shipyards and Shipbuilding
      • Vessel Design
  • Features
  • Online Magazines
    1. January 2025
    2. September 2024
    3. April 2024
    4. Archive Issues
    5. Subscribe Free!
    Featured
    December 2, 2024

    In this issue – January 2025

    Online Magazines By Matt Ross
    Recent

    In this issue – January 2025

    December 2, 2024

    In this issue – September 2024

    August 22, 2024

    In this issue – April 2024

    May 13, 2024
  • Subscribe
  • Opinion
  • Videos
  • Awards
    • Electric & Hybrid Marine Awards 2025 – Nominations open
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
    • Previous Winners
  • Supplier Spotlight
  • Events
LinkedIn Facebook
Subscribe
Electric Hybrid Marine Technology
Battery Technology

Marine battery market to grow to US$1.50bn by 2030

Elizabeth BakerBy Elizabeth BakerJanuary 13, 20253 Mins Read
According to the "Marine Battery Market by Type, Vessel Type Function, Capacity, Propulsion, Power, Design, Form, Sales, Regions, Global Forecast to 2030" report, surging demand for hybrid and electric vessels will cause the marine battery market to grow from US$882.3m to US$1.50bn, at a CAGR of 9.3% during the forecast period from 2024 to 2030.
Share
LinkedIn Twitter Facebook Email

According to Research and Markets’ Marine Battery Market by Type, Vessel Type Function, Capacity, Propulsion, Power, Design, Form, Sales, Regions, Global Forecast to 2030 report, surging demand for hybrid and electric vessels will cause the marine battery market to grow from US$882.3m to US$1.50bn, at a CAGR of 9.3% during the forecast period from 2024 to 2030.

The report highlighted that the marine battery market is experiencing growth due to factors such as technological advancements and stringent environmental regulations. Siemens Energy (Germany), Leclanché (Switzerland), Corvus Energy (Canada), Toshiba Corporation (Japan) and EnerSys (US) are some of the leading players operating in the marine battery market.

Commercial segment

The marine battery market has been segmented into commercial, defense, unmanned underwater vehicles (UUVs) and unmanned surface vehicles (USVs) based on ship type. The commercial segment is projected to grow at the highest market share during the forecast period 2024 to 2030. The adoption of sustainable propulsion systems in cargo ships, tankers and passenger vessels is reportedly rising fast, due to strict environmental regulations such as IMO 2020, which sets up the requirement for lesser emissions and fuel consumption. Commercial ships frequently sail in emission-controlled zones and seek hybrid or fully electric solutions to maintain compliance with these regulations. Increasing investment in electrifying ferries, cruise ships and offshore support vessels to enhance operational efficiency and reduce operating costs further supports the demand for marine batteries in this segment.

Dual-purpose batteries

The marine battery market has been segmented into starting batteries, deep-cycle batteries and dual-purpose batteries based on function. The dual-purpose segment is expected to hold the highest CAGR from 2024 to 2030 based on its versatility in providing both starting power and deep-cycle capabilities, making it suitable for a myriad of maritime applications. Dual-purpose batteries are increasingly popular due to the strong demand for reliable engine starting and consistent power for onboard systems such as navigation, lighting and auxiliary equipment. In addition, dual-purpose batteries reduce the requirement for separate battery systems, thereby optimizing space and cost for operators. With the increasing demand for hybrid propulsion systems and advanced marine technologies, the use of dual-purpose batteries is gaining popularity within the maritime industry due to their efficiency, durability and flexibility to meet varied functional requirements.

The European market

A series of environmental regulations, government incentives and stringent sustainability initiatives in the maritime sector have driven the growth of the marine battery market. Europe has taken the lead in enforcing zero-emission transportation through initiatives like the European Green Deal and strict IMO 2020 laws enforcing substantial reductions in greenhouse gas emissions from ships. Countries such as Norway, the Netherlands and Sweden, for instance, are embracing new technologies to electrify their fleets – most noticeably in ferries and short-range vessels – where battery systems would be most efficient. Strong infrastructure exists, including charging stations and a widespread network of ports with sustainable energy sources.

In related news, the global market for electric ships was recently estimated at US$7.8bn in 2023 and is projected to reach US$15.7bn by 2030, growing at a CAGR of 10.5% from 2023 to 2030. Click here to read the full story.

Share. Twitter LinkedIn Facebook Email
Previous ArticleCASE STUDY: Feadship’s all-electric concept vessel
Next Article Alternative-fuelled vessel orders increased by 38% YoY in 2024, DNV reports

Related Posts

Battery Technology

Port of Los Angeles berth swaps to battery-electric cargo equipment

May 13, 20252 Mins Read
Battery Technology

Cavotec signs €8.1m shore power order with container shipping company

May 12, 20251 Min Read
Battery Technology

Moose Boats to build diesel-electric hybrid patrol boat for Washington state sheriff’s office

May 9, 20252 Mins Read
Latest News

Port of Los Angeles berth swaps to battery-electric cargo equipment

May 13, 2025

Cavotec signs €8.1m shore power order with container shipping company

May 12, 2025

Moose Boats to build diesel-electric hybrid patrol boat for Washington state sheriff’s office

May 9, 2025

Receive breaking stories and features in your inbox each week, for free


Enter your email address:


Supplier Spotlights
  • Norwegian Electric Systems
Getting in Touch
  • Contact Us / Advertise
  • Meet the Editors
  • Download Media Pack
  • Free Weekly E-Newsletter
Our Social Channels
  • Facebook
  • LinkedIn
UKi Media & Events
© 2025 UKi Media & Events a division of UKIP Media & Events Ltd
  • Terms and Conditions
  • Privacy Policy
  • Cookie Policy
  • Notice & Takedown Policy

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Functional

Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.

Performance

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Analytics

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

Advertisement

Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.

Others

Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.

SAVE & ACCEPT
Powered by