Marine Battery Market

The marine battery market is projected to grow from USD 882.3 million in 2024 to USD  1,506.0 million by 2030, at a CAGR of 9.3% during the forecast period. The marine sector is experiencing significant growth due to advancements in renewable energy, aquaculture, and maritime technologies, driven by global demand for sustainable ocean resources.

Siemens Energy (Germany) , Leclanché SA (Switzerland) , Corvus Energy (Canada) , Toshiba Corporation (Japan)  and EnerSys (US)  are the top companies in the market. This companies to strengthen their position in the market have implemented various growth strategies, like investments, collaborations & expansions, contracts, partnerships, and agreements related to marine vessels.

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Major Marine Battery companies include:

• Siemens Energy (Germany)
• Leclanché SA (Switzerland)
• Corvus Energy (Canada)
• Toshiba Corporation (Japan)
• EnerSys (US)

Siemens Energy (Germany)

Siemens Energy is an   company created by Siemens in 2020. It  operates through the following four business divisions: GasServices (GS), Grid Technologies (GT), Transformation of Industry (TI), and Siemens Gamesa. The Grid Technologies (GT) division of Siemens offers battery energy solutions for marine utility. The GasServices (GS) division consolidates all businesses related to gas and turbine, large generators, and heat pumps. The transformation of Industry (TI) business division  operates in  four key  segments: Sustainable Energy Systems (SES); Electrification, Automation, and Digitalization (EAD); Industrial Steam Turbines & Generators (STG); and Compression (CPI). The Siemens Gamesa business area focuses on creating, manufacturing, and installing renewable energy products, primarily onshore and offshore wind turbines designed for various wind conditions. Siemens Gamesa provides advanced technology services in the renewable sector, tailored to customer needs. Siemens Energy maintains a global presence, with significant regional hubs in Europe, the Americas, Asia Pacific, and the Middle East catering to diverse energy markets with sustainable solutions.

Leclanché SA (Switzerland)

Leclanché SA is engaged in the design, development, and manufacture of customized energy storage solutions for electricity generation and transmission, mass transportation, heavy industrial machines, and specialty battery systems. The company operates through three business divisions—e-Mobility Business Unit, Stationary Business Unit, and Specialty Business Unit. Under the e-Transport business division, the company  sells customized systems to support customers in the mass marine, road, and rail transportation industries.

Leclanché SA has a strong distribution channel in the electric ship ecosystems with the presence of six subsidiaries, namely Leclanché GmbH (Germany), Leclanché UK Ltd. (UK), Leclanché North America Inc. (US), Leclanché Canada Inc. (Canada), Leclanché BVBA (Belgium), and Exide Leclanché Energy Private (India).

Corvus Energy (Canada)

Corvus Energy is a leading provider of zero-emission solutions for maritime, offshore, and port applications. The company’s product portfolio includes energy storage and fuel cell systems designed to meet the needs of all vessel types. Corvus Energy manufactures a large-scale energy storage systems (ESS) that use advanced lithium-ion battery systems. The company has the world’s first lithium polymer battery module with all three marine standard type approvals: DNV, Lloyd’s Register, and ABS (American Bureau of Shipping). Corvus Energy provides high-power energy storage in the form of modular lithium-ion battery systems to the maritime industry. Its purpose-built, field-proven battery systems provide sustained power to hybrid and all-electric heavy industrial equipment, including large marine propulsion drives. The company has a strong presence in Norway, the US, Singapore, Canada, and Denmark.

Toshiba Corporation (Japan)

Toshiba Corporation is one of the leading manufacturers of electronic and electrical devices. The company operates through business divisions, namely energy systems and solutions, infrastructure systems and solutions, and building solutions. The company provides a wide range of offerings, including digital solutions, building solutions, power systems, and various social infrastructure technologies such as steam turbines for thermal power plants, as well as systems for wind, nuclear, and hydroelectric power generation. The company’s portfolio  features secondary batteries, energy supply systems, lighting, air conditioning systems, elevators, and building and facility technologies. The company also offers lithium-ion battery systems for marine applications for ships and vessels. It has a presence in 64 countries, across the Americas, Europe, Asia Pacific, and Middle East & Africa.

EnerSys (US)

EnerSys, a global leader in stored energy solutions for industrial applications, designs and manufactures a wide range of products. The company operates across four business segments: Energy Systems, which provides power conversion, distribution, energy storage, and enclosures for industries like telecommunications, broadband, utilities, and uninterruptible power supplies; Motive Power, offering batteries and chargers for electric forklifts and other industrial vehicles; Specialty, which supplies high-performance batteries for aerospace, defense, premium automotive, medical, and security applications; and New Ventures, which focuses on energy storage and management solutions for emerging needs, such as demand charge reduction, utility backup power, and fast-charging systems for electric vehicles. These diverse offerings support industries transitioning to more sustainable and efficient energy solutions.. EnerSys also provides aftermarket and customer support services across more than 100 countries through its global network of sales and manufacturing facilities. With the acquisition of NorthStar, EnerSys has further strengthened its market leadership in premium Thin Plate Pure Lead batteries, now offering these advanced solutions across all its business lines.

Related Reports:

Marine Battery Market by Type (Lithium, Sodium-ion, Nickel Cadmium, Lead-acid, Fuel-cell), Vessel Type (Commercial, Defense, Unmanned Maritime Vehicles) Function, Capacity, Propulsion, Power, Design, Form, Sales, Regions, Global Forecast to 2030

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