Submarine Battery Market Global Opportunity Analysis and Industry Forecast 2022–2028

The global submarine battery market is expected to reach ~USD 1,100 million by 2027.

The Asia-Pacific region is expected to dominate the market during the forecast period, followed by Europe and North America. The increasing demand for submarines in countries such as China, India, and Japan, coupled with the increasing defense budgets of these countries, is expected to drive the growth of the market in the Asia-Pacific region.

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Submarine batteries are an integral part of submarines, as they provide the necessary power for propulsion and other operations. The global submarine battery market has been witnessing steady growth over the past few years, driven by the increasing demand for submarines in defense and naval operations.

Top Key players in the report:

• Champion Storage Battery Company
• EnerSys
• EverExceed Industrial Co. Ltd
• Exide Industries Ltd
• GS Yuasa Corporation
• Kokam Limited Company
• Korea Special Battery Co. Ltd.
• Zibo Torch Energy Co. Ltd.

Segmentation Analysis of Global Submarine Battery Market

Type Insights:

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

Application Insights:

• Civil
• Military

Trends and Drivers

One of the major trends in the submarine battery market is the increasing adoption of lithium-ion batteries, owing to their high energy density, low self-discharge rate, and longer lifespan. Lithium-ion batteries also have a higher power-to-weight ratio compared to lead-acid batteries, which makes them ideal for use in submarines. Additionally, the increasing demand for unmanned underwater vehicles (UUVs) is expected to drive the growth of the market, as UUVs require batteries for their operations.

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