Submarine Battery Market Report by Type (Valve-regulated Lead Acid Batteries, Flooded Lead Acid Batteries, and Others), Application (Civil, Military), and Region 2024-2032

Submarine Battery Market Report by Type (Valve-regulated Lead Acid Batteries, Flooded Lead Acid Batteries, and Others), Application (Civil, Military), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6700
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Market Overview:

The global submarine battery market size reached US$ 1.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.37% during 2024-2032. The burgeoning military and defense industry, rising need for unmanned underwater vehicles (UUVs), and the escalating demand for reliable and robust submarine batteries are some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1.1 Billion
Market Forecast in 2032
US$ 1.6 Billion
Market Growth Rate 2024-2032 4.37%


A submarine battery is used to operate a submarine when it is submerged underwater and returns to the surface. It is positioned in the flooded bottom of the submarine and relies on the onboard battery charger while the submarine reaches the sea. It is developed without the usage of cobalt, nickel, and other heavy metals to avoid harmful environmental impacts. It is maintenance-free and designed to avoid rusting while providing safety during extreme situations, such as fire and accidents. A submarine battery helps the submarine in staying underwater for extended periods and drive while needing shorter charging times. It also offers high energy density, improved charge and discharge dynamics, and enhanced operational life. It assists in operating the nuclear submarine and resolving problems with the nuclear reactor and generator.

Global Submarine Battery Market

Submarine Battery Market Trends:

At present, the increasing demand for navy submarines to launch ballistic missiles, perform rescue operations, and serve as the base of nuclear weapons is contributing to the growth of the market. Moreover, there is a rise in the demand for unmanned underwater vehicles (UUVs) for intelligence gathering, mine-hunting, scientific exploration, and ship-hull inspection to provide an accurate picture under the surface. This, along with the thriving military and defense industry, is offering lucrative growth opportunities to industry investors. Besides this, governments of several countries are investing in the military sector to construct nuclear-powered attack submarines, which is strengthening the growth of the market. In addition, the rising demand for lithium-ion batteries to reduce the weight of submarines and provide a high energy-to-weight ratio is propelling the growth of the market. Apart from this, there is an increase in the demand for energy efficient systems and hybrid marine propulsion systems across the globe. This, coupled with the growing demand for reliable and robust batteries that can deliver high currents, is positively influencing the market. Additionally, the increasing utilization of valve-regulated lead acid (VRLA) batteries to provide high surge currents at low temperatures around the world is offering a positive market outlook. The rising employment of VRLA batteries as uninterruptible power supply (UPS), emergency power supply systems, and telecommunications base stations is also supporting the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global submarine battery market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type and application.

Type Insights:

  • Valve-regulated Lead Acid Batteries
  • Flooded Lead Acid Batteries
  • Others
     

The report has provided a detailed breakup and analysis of the submarine battery market based on the type. This includes valve-regulated lead acid batteries, flooded lead acid batteries and others. According to the report, valve-regulated lead acid batteries represented the largest segment.

Application Insights:

  • Civil
  • Military
     

A detailed breakup and analysis of the submarine battery market based on the application has also been provided in the report. This includes civil and military. According to the report, military accounted for the largest market share.

Regional Insights:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for submarine battery. Some of factors driving the Asia Pacific submarine battery market are rising investments in the production of submarines by governments of various countries, increasing technological advancements, and thriving military and defense industry in the region.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global submarine battery market. Detailed profiles of all major companies have also been provided. Some of the companies include Champion Storage Battery Company Limited, EnerSys, EverExceed Industrial Co. Ltd, Exide Industries Ltd, GS Yuasa Corporation, Kokam Limited Company (Solaredge Technologies, Inc.), Korea Special Battery Co. Ltd., Zibo Torch Energy Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Champion Storage Battery Company Limited, EnerSys, EverExceed Industrial Co. Ltd, Exide Industries Ltd, GS Yuasa Corporation, Kokam Limited Company (Solaredge Technologies, Inc.), Korea Special Battery Co. Ltd., Zibo Torch Energy Co. Ltd., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the submarine battery market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global submarine battery market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the submarine battery industry and its attractiveness. 
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global submarine battery market was valued at US$ 1.1 Billion in 2023.

We expect the global submarine battery market to exhibit a CAGR of 4.37% during 2024-2032.

The rising demand for submarine batteries, as they help the submarine to stay underwater for extended periods and drive while needing shorter charging times, is primarily driving the global submarine battery market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for submarine batteries.

Based on the type, the global submarine battery market has been segregated into valve-regulated lead acid batteries, flooded lead acid batteries, and others. Among these, valve-regulated lead acid batteries currently hold the largest market share.

Based on the application, the global submarine battery market can be bifurcated into civil and military. Currently, military exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global submarine battery market include Champion Storage Battery Company Limited, EnerSys, EverExceed Industrial Co. Ltd, Exide Industries Ltd, GS Yuasa Corporation, Kokam Limited Company (Solaredge Technologies, Inc.), Korea Special Battery Co. Ltd., Zibo Torch Energy Co. Ltd., etc.

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Submarine Battery Market Report by Type (Valve-regulated Lead Acid Batteries, Flooded Lead Acid Batteries, and Others), Application (Civil, Military), and Region 2024-2032
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