Global Submarine Battery Market: Share, Size, Growth, Opportunities, and Forecast 2026

 

A submarine is a type of watercraft used for both commercial and military purposes. A submarine's battery is critical to its operation. Submarines are powered by diesel engines that burn fuel or nuclear reactors that use nuclear fusion to charge submarine batteries. The global submarine battery market generated revenue of US$ 866.8 million in 2017 and is expected to reach US$ 1,307 million by 2025 at a CAGR of 5.5% during the forecast period. The rising demand for unmanned underwater vehicles is one of the major factors driving the market growth. Submarines are increasingly being used for commercial purposes, research, air crash investigation, and naval purposes (intelligence, surveillance, reconnaissance, mine countermeasures, and anti-submarine warfare).

The submarine Battery Market is only used in submarines, which are owned by the respective country's military forces. As a result, the military sector is the sole application segment in the global submarine battery market.

When a submarine is submerged underwater, submarine batteries are required to power the equipment and in-house systems. When the submarine is on the surface, diesel engines power it, but when it is submerged, batteries take over. When propulsion is the only option left, the batteries installed in the submarine are sometimes used. As a result, batteries are an essential component of submarines. The strict laws imposed against marine emissions have increased the demand for batteries.

Rising defense sector investments from various countries have resulted in an increase in the number of submarines all over the world, providing a boost to the global submarine batteries market. Based on the planned submarines that will enter service during the forecast period, the global Submarine Battery Market is expected to grow at a healthy rate.

The global Submarine Battery Market can be divided into three types: lithium-ion, lead-acid, and other batteries. Because lithium-ion battery technology is new in submarine batteries, and most submarines are currently powered by lead-acid batteries, the lead-acid battery segment dominates the global submarine batteries market.

Key Players

EnerSys, EverExceed Corporation, Exide Industries, Exide Technologies, GS Yuasa Corporation, HBL Power Systems Limited, Korea Special Battery Co., Ltd., Sunlight Systems S.A, and Zibo Torch Energy Co., Ltd. are among the major players in the global submarine battery market.