GITNUX MARKETDATA REPORT 2024

Submarine Battery Industry Statistics

The submarine battery industry is projected to experience steady growth in the coming years, driven by increasing demand for submarines worldwide.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In the following post, we examine key statistics and trends shaping the submarine battery industry. From the market value and leading companies to geographical considerations and technological advancements, these insights offer a comprehensive overview of the global landscape. Stay tuned to gain a deeper understanding of this dynamic and competitive market.

Statistic 1

"The global submarine battery market was valued at 300 million USD in 2021."

Statistic 2

"EnerSys is one of the leading company in the submarine battery market in 2021."

Statistic 3

"The lead-acid batteries dominate the submarine battery market and expected to contribute to around 60% market share."

Statistic 4

"North America accounted for the largest share in the submarine battery market in 2020."

Statistic 5

"The US Navy alone is projected to account for over 50% of the global submarine market share by 2025."

Statistic 6

"With 15.24% CAGR, Asia-Pacific is expected to register the highest growth rate in the submarine battery market during 2021-2026."

Statistic 7

"SSN Nuclear-Powered Attack Submarine segment to show highest market growth by 2026."

Statistic 8

"Europe currently holds a significant share of the submarine battery market on account of ongoing submarine procurement programs across navies."

Statistic 9

"The global submarine battery market is highly competitive with high levels of consolidation."

Statistic 10

"In terms of type, the valve-regulated lead-acid (VRLA) batteries segment held a prominent share of the global submarine battery market in 2021."

Statistic 11

"In 2021, the commercial segment accounted for a significant share due to the increase in underwater tourism."

Statistic 12

"Naval sector contributes more than 70% to the global submarine battery market."

Statistic 13

"Diesel-electric submarines are expected to occupy more than 50% of the global market by volume in 2025."

Statistic 14

"The SSK, diesel-electric submarine segment, held a significant market share and will witness a CAGR of 4.5% from 2021-2026."

Statistic 15

"New lithium-ion batteries are displacing lead-acid batteries in new boats, introducing a weight reduction of up to 60%."

In summary, the submarine battery industry is experiencing significant growth and evolution, with the global market valued at 300 million USD in 2021. Lead-acid batteries currently dominate the market with a projected 60% share, but advancements in lithium-ion technology are leading to weight reductions and displacing traditional batteries in new boats. The industry is highly competitive, particularly in regions like North America, Europe, and Asia-Pacific, with key players like EnerSys and the US Navy driving market share. The naval sector continues to be a major contributor to the market, with diesel-electric submarines expected to dominate by volume in 2025. Overall, the submarine battery market is poised for steady growth, with opportunities for innovation and market expansion in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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