GLOBAL MARINE LITHIUM BATTERY MARKET
Li-ion batteries compared to lead-acid offer improved discharge and charge efficiency, longer life(10X), light-weight(50% savings), non-hazardous, easy to maintain and offer deep cycle ability while maintaining power. Lithium Iron Phosphate batteries are undoubtedly more expensive than lead-acid batteries but their cost can be easily recovered in the long run.
Lithium batteries being lightweight,are also incredibly powerful. They can hold their charge for much longer duration without a drop in voltage, allowing boat owners to take longer trips without recharging.
But, there is also inherent danger associated with Lithium batteries. Unlike flights, restrictions on devices that use lithium-ion batteries or Lithium-ion batteries as an energy storage device have not extended to passenger boats. It was only in Dec 2019 that three California members of Congress introduced federal legislation that requires small passenger boats to have at least two escape exits, strong fire alarm systems and create mandatory safety rules for the handling and storage of phones, cameras etc powered by lithium-ion batteries.
Marine Lithium batteries will get a boost after more electric and hybrid boats hit the market. Volvo Penta is already working on electric drive systems for land-based vehicles,which could be improvised and passed on for marine applications. In 2018, it set itself a target of introducing hybrid or fully electric drivetrain options to all its marine products by 2021.
Since, hybrid and electric boats are at-least 5 years away from becoming mainstream,the biggest addressable market segment for marine lithium battery suppliers is the boat refurbishing market.
MARKET SIZE AND FORECAST
The marine lithium battery market is estimated at XX units per annum, growing at ~X% CAGR till 2025.US accounts for almost ~35% of global marine lithium battery market
- The Lithium Battery Co.
- Super B.B.V.
- NORIS Group GmbH
- MG Energy Systems B.V.
- AENTRON GmBH
- Victron Energy
- RELiON Batteries
- Optimum Battery
THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS
- Market Size and Forecast of marine Lithium battery market, by region, by price and by sales channel(Volume and Value)
- Market Trends,risks, drivers and opportunities in global marine lithium battery market
- Growth in boat re-furbishing industry, by region
- Market share of suppliers, and their painpoints
- Growth strategy of marine lithium battery manufacturers and opportunity in charter market
- Important distributors of marine lithium batteries in US , Europe and Asia