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Marine Battery Market Size & Share, by Battery Type (Lithium-ion, Lead-acid, Nickel-cadmium, Sodium-ion, Fuel-cell); Propulsion; Vessel Application; Function; Sales Channel; Capacity Range - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2026-2035

  • Report ID: 8308
  • Published Date: Dec 11, 2025
  • Report Format: PDF, PPT
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Marine Battery Market Outlook:

Marine Battery Market size was over USD 2.4 billion in 2025 and is estimated to reach USD 7.2 billion by the end of 2035, expanding at a CAGR of 13.1% during the forecast timeline, i.e., 2026-2035. In 2026, the industry size of marine battery is assessed at USD 2.7 billion.

Marine Battery Market size
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The worldwide marine battery market is presently witnessing a transformative shift since defense organizations, governments, and shipping companies have prioritized efficiency and sustainability. According to an article published by the IIMS Organization in July 2025, the overall battery technology converts almost 90% of electrical energy into mechanical energy. On the contrary, the most progressive internal combustion engines gain peak efficiency for 20% to 40%, with suitable energy losses, owing to friction. Besides, regarding regulations and standards, the standardized E-30 electric propulsion specifically caters to systems more than 60 V DC, and meanwhile, low voltage systems need to comply with the E-11 standard. Moreover, experts in the U.S. are proactively engaged in developing the ISO 16315 for harmonizing boatbuilding requirements internationally, which is positively driving the market’s growth.

Furthermore, the electrification of short-sea shipping, hybrid propulsion dominance, circular economy, battery recycling, and defense applications are other factors that are fueling the market’s growth across different nations. As per a data report published by the Department of Transportation in December 2024, internationally, 92.6% of vessels readily burn traditional fuels, as well as almost half of vessels under construction or on order, significantly accept low greenhouse gas fuels. Regarding this, the ammonia and hydrogen uptake caters to 0.01%, followed by 0.09% of methanol, 0.32% of battery or hybrid, 0.37% liquified petroleum gas (LPG), and 6.65% liquified natural gas (LNG). Meanwhile, in the case of ships on order, the hydrogen uptake is 0.01%, followed by 0.69% ammonia, 1.3% battery, 1.9% LPG, 9.6% methanol, and 35.8% LNG. Besides, the aspect of decarbonization solutions is required to match different vessels, which is readily boosting the market’s exposure globally.

Foreign-Flagged and U.S.-Flagged Vessels Per Maritime Segment (2024)

Components/Vessel Type

Non-Commercial Vessels

Department of Defense (DOD)

Harbor Craft

Ocean-Going Vessels

Vessels (11.1 million)

99%

0.033%

0.34%

0.39%

Nautical Miles Travelled (7,074 million)

73%

5%

5%

16%

Energy Consumed (1,035 million Btu)

18%

7%

8%

66%

Stack GFG Emissions (81 MMT Co2e)

17%

7%

8%

68%

Source: Department of Transportation

Key Marine Battery Market Insights Summary:

  • Regional Insights:

    • By 2035, Europe is anticipated to hold a 32.7% share in the marine battery market, underpinned by large-scale fleet retrofits, short-sea shipping electrification, and stringent decarbonization mandates.
    • By 2035, North America is set to become the fastest-growing region, amplified by defense modernization programs, port electrification, and the rising commercialization of hybrid-electric propulsion.

  • Segment Insights:

    • By 2035, the lithium-ion segment is expected to command a 78.8% share in the marine battery market, propelled by its provision of high energy density, rapid charging, and long operational lifespan.
    • By 2035, the hybrid sub-segment is projected to secure the second-highest share, supported by its ability to merge conventional engines with advanced battery systems for enhanced efficiency and reduced emissions.

  • Key Growth Trends:

    • Increase in technological advancements
    • Governmental incentives and funding

  • Major Challenges:

    • Increase in initial expenses
    • Reliability and safety concerns

  • Key Players: EnerSys (U.S.), Saft (France), Siemens Energy (Germany), Leclanché SA (Switzerland), Wärtsilä Corporation (Finland), ABB Ltd (Switzerland), Rolls-Royce Power Systems (UK), Toshiba Corporation (Japan), GS Yuasa Corporation (Japan), Kokam Co., Ltd. (South Korea), LG Energy Solution (South Korea), Samsung SDI Co., Ltd. (South Korea), Exide Industries Ltd. (India), Amara Raja Batteries Ltd. (India), EST-Floattech B.V. (Netherlands), Akasol AG (Germany), Tesvolt GmbH (Germany), Echandia AB (Sweden), Energy Renaissance (Australia), Petronas Chemicals Group Berhad (Malaysia)

Global Marine Battery Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 2.4 billion
    • 2026 Market Size:  USD 2.7 billion
    • Projected Market Size: USD 7.2 billion by 2035
    • Growth Forecasts:  13.1% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: Europe (32.7% Share by 2035)
    • Fastest Growing Region: North America
    • Dominating Countries: United States, China, Germany, Japan, South Korea
    • Emerging Countries: Norway, India, United Kingdom, Netherlands, Canada

    • Last updated on : 11 December, 2025

Growth Drivers

  • Increase in technological advancements: The presence of solid-state and sodium-ion batteries is readily emerging, besides the lithium-ion batteries. These particular batteries are considered safe alternatives and cost-effective, thereby deliberately creating an optimistic outlook for the market globally. According to a report published by the Department of Science and Technology in May 2025, the regulatory body has successfully developed a super-fast charging sodium-ion battery that can readily charge almost 80% within 6 months and last for more than 3,000 charge cycles. Besides, as per the 2025 IRENA Organization data report, the sodium-ion battery field’s capacity is expected to reach 70 GWh every year by the end of 2025, and further expand to almost 400 GWh by the end of 2030. Moreover, different battery technologies constitute a variety of performance parameters, which is uplifting the market’s growth.

Current Performance Parameters of Various Battery Technologies (2025)

Components

Lead Acid

Nickel-Cadmium

Nickel-Metal Hydride

Sodium-Sulfur

Vanadium Redox Flow

Lithium-Ion

Sodium-ion

Gravimetric energy density (Wh/kg)

25 to 50

30 to 80

40 to 110

150 to 240

10 to 130

150 to 300

90 to 160

Volumetric energy density (kWh/m3)

70 to 135

15 to 150

40 to 300

150 to 300

10 to 33

200 to 700

250 to 375

Lifetime (years)

2 to 15

10 to 20

2 to 15

10 to 15

10 to 15

5 to 15

10 to 15

Cycle life (Number of Cycles)

250 to 2,000

1,000 to 5,000

300 to 1,800

2,500 to 40,000

10,000 to 16,000

1,000 to 12,000

500 to 8,000

Efficiency (%)

63 to 90

60 to 90

50 to 80

75 to 90

75 to 85

85 to 95

Approximately 92

Working temperature (°C)

18 to 45

-40 to 50

-30 to -70

300 to 350

5 to 45

-20 to 60

-40 to 80

Source: IRENA Organization

  • Governmental incentives and funding: The role of the government is extremely essential to uplift and enhance the marine battery market through generous funding and investments. Governments in India and China are readily investing in domestic battery manufacturing under national electrification programs. For instance, as per an article published by Europe Commission in July 2022, Europe has readily made investments of more than €1.8 billion across 17 large-scale advanced clean-tech projects. In addition, these projects are selected under the second call for large-scale projects, which means comprising capital expenses of more than €7.5 million. Therefore, this gradually and directly provides support to research and development for the marine battery industry.
  • Demand in defense and commercial: The aspects of defense electrification and commercial shipping electrification are considered the major demand drivers for the market. As stated in a data report published by the World Economic Forum in 2024, almost 4% of the 100 near-zero-emission shipping fuel plants are required by the end of 2030. However, 132% of plant requirements have been announced, deliberately contributing to an increase in the need for readiness score. Besides, for achieving net-zero by the end of 2050 for shipping resources, an estimated USD 2.6 trillion, of which almost USD 2 trillion is needed for production facilities, and USD 0.6 trillion for retrofit is essential, which in turn, denotes an optimistic outlook for the overall market’s growth and expansion globally.

Challenges

  • Increase in initial expenses: One of the most pressing challenges in the marine battery market is the surge in upfront investment required for advanced battery systems. Lithium-ion batteries, which dominate the industry, owing to their high energy density and long-lasting lifecycle, remain expensive in comparison to traditional diesel propulsion. The cost of integrating batteries into vessels includes not only the battery packs but also specialized battery management systems, cooling systems, and retrofitting expenses. For commercial operators, particularly in cost-sensitive markets such as cargo shipping and inland waterways, these expenses can be prohibitive. While long-term savings in fuel and maintenance are significant, the payback period frequently expands beyond five years, thereby readily discouraging adoption.
  • Reliability and safety concerns: The aspect of safety and reliability are critical concerns in the marine battery market. Despite lithium-ion batteries being efficient, they are prone to thermal runaway risks, which can lead to overheating, fires, or explosions if not properly managed. In maritime environments, wherein vessels operate in severe conditions with high humidity, saltwater exposure, and fluctuating temperatures, these risks are amplified. Besides, operators demand strong safety standards, yet the industry lacks universally harmonized regulations for marine battery deployment. Furthermore, reliability is equally important, since vessels demand continuous power for propulsion and auxiliary systems, and any failure can result in costly downtime or safety hazards, thus causing a hindrance in the market’s growth.

Marine Battery Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Year

2026-2035

CAGR

13.1%

Base Year Market Size (2025)

USD 2.4 billion

Forecast Year Market Size (2035)

USD 7.2 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Marine Battery Market Segmentation:

Battery Type Segment Analysis

The lithium-ion segment, part of the battery type, is anticipated to account for the highest share of 78.8% in the market by the end of 2035. The segment’s upliftment is highly propelled by its importance for modernized life, owing to its provision of usable power for propulsion and electronics, low maintenance, long-lasting lifespan, rapid charging, significantly low weight, and high energy density. According to an article published by NLM in December 2024, at present, commercial lithium-ion batteries comprise an energy density of almost 280 watt-hours per kilogram, from 100 in previous years, and are also higher than almost 75 Wh/kg for lead-acid batteries. Moreover, the theoretical maximum of lithium-ion, comprising a graphite anode, readily tops out at nearly 300 Wh/kg. Therefore, with such an increased exposure in comparison to other battery types, the segment is continuously flourishing.

Propulsion Segment Analysis

By the end of 2035, the hybrid sub-segment, which is part of the propulsion segment, is projected to garner the second-highest share in the marine battery market. The sub-segment’s growth is highly uplifted by combining conventional diesel or gas engines with innovative battery systems, which enable vessels to operate efficiently under varying load conditions while reducing emissions and fuel consumption. This dual strategy provides flexibility based on which batteries offer silent and zero-emission operation during port entry, maneuvering, or short voyages, while engines handle long-haul requirements. Moreover, hybrid propulsion is particularly attractive for ferries, offshore support vessels, and patrol craft, wherein operational profiles demand both endurance and sustainability. Besides, regulatory pressure from the International Maritime Organization (IMO) and regional authorities in Europe and Asia-Pacific has accelerated adoption, as hybrid systems permit compliance without requiring full electrification.

Vessel Application Segment Analysis

Based on the vessel application, the commercial vessels segment in the marine battery market is expected to cater to the third-highest share by the end of the forecast duration. The segment’s development is highly fueled by including ferries, cargo ships, offshore support vessels, and harbor craft, all of which are under increasing regulatory and economic pressure to diminish emissions. Besides, batteries in commercial vessels are usually utilized for hybrid propulsion, auxiliary power, and shore-to-ship energy integration. The adoption of marine batteries in ferries is particularly strong in Europe and the Asia-Pacific, wherein short-sea shipping routes and urban waterways demand cleaner alternatives to diesel. Furthermore, cargo vessels and offshore support ships are also readily integrating battery systems to diminish fuel expenses and comply with emission control area (ECA) regulations. This particular segment benefits from government-backed initiatives such as the Europe-based Green Deal, China’s electrification programs, and India’s Sagarmala project, encouraging sustainable port and shipping practices.

Our in-depth analysis of the market includes the following segments:

Segment

Subsegments

Battery Type
  • Lithium-ion
  • Deep-cycle batteries
  • Starting batteries
  • Dual-purpose batteries
  • Lead-acid
  • Nickel-cadmium
  • Sodium-ion
  • Fuel-cell

Propulsion
  • Hybrid
  • Fully electric
  • Conventional

Vessel Application
  • Commercial Vessels
  • Defense
  • Unmanned maritime vehicles
  • Lithium-ion
  • Lead-acid
  • Nickel-cadmium
  • Sodium-ion
  • Fuel-cell

Function
  • Deep-cycle batteries
  • Starting batteries
  • Dual-purpose batteries

Sales Channel
  • OEM
  • Aftermarket

Capacity Range
  • Above 250 Ah
  • 100 to 250 Ah
  • Up to 100 Ah
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Marine Battery Market - Regional Analysis

Europe Market Insights

Europe market is anticipated to hold the largest share of 32.7% by the end of 2035. The market’s upliftment in the region is highly driven by the presence of large-scale fleet retrofits across harbor craft, workboats, and ferries, along with short-sea shipping electrification and stringent decarbonization mandates. The demand is further fueled by hybrid propulsion systems that reduce fuel utilization and emissions while optimizing operational flexibility. According to an article published by the Journal of Energy Storage in October 2025, based on the Critical Raw Material Act Regulation, the region is projected to extract almost 10% of its yearly consumption of standard raw materials. Additionally, the region processes nearly 40% of its yearly consumption of tactical raw materials by the end of 2030. Furthermore, boosting recycling capacity is possible by achieving a recycling capacity within the region that caters to 25% of the annual consumption of strategic materials by the same year. Besides, the Battery Regulation (EU)2023 has also listed certain objectives, which are suitable for boosting the market in the region.

Battery Regulation (EU)2023 Objectives for Battery Technology in Europe (2025)

Objectives

Targets

Recycled content requirements for new batteries

By 2030: 12 % cobalt (Co), 4 % lithium (Li), 4 % nickel (Ni) from recycled sources

By 2035: 20 % Co, 10 % Li, 12 % Ni from recycled sources

Battery Collection Targets

Portable batteries: 45 % by 2023, 63 % by 2027, 73 % by 2030.

LMT batteries: 51 % by 2028, 61 % by 2031.

EV and industrial batteries: 100 % collection required.

Mandatory take-back schemes.

Recycling Efficiency Targets

By 2025: 75 % for lead-acid, 65 % for lithium-based, 80 % for nickel‑cadmium, 50 % for other batteries.

By 2030: 80 % for lead-acid, 70 % for lithium-based.

Material Recovery Targets

By 2031: 95 % for Co, Cu, Ni, and Pb; 80 % for Li.

Source: Journal of Energy Storage

Germany in the marine battery market is growing significantly due to the aspect of enforcing stringent regional and national emissions standards, particularly for maritime transport. This has readily compelled operators and shipbuilders to adopt electric and hybrid propulsion. As per a data report published by the UNFCC in September 2024, the country offered budgetary resources worth €6.2 billion (USD 6.6 billion) for global climate finance. In addition, an overall €3.0 billion (USD 3.2 billion) of public climate finance has been mobilized from capital-market funds through KfW Development Bank. Therefore, this continuous capital flow assists in accelerating the implementation of hybrid-electric and battery-electric propulsion systems in the marine sector. This, in turn, diminishes greenhouse gas emissions and overcomes climate change, thus suitable for boosting the market in the country.

Norway market is also growing, owing to the government-based battery strategy, electric ferry leadership, green maritime solutions, national and regional collaborations, along with increased focus on recycling and sustainability. For instance, as stated in an article published by the Royal Norway Embassy in November 2025, the country comprises 111 ferry routes and almost 180 electric ferries in operation, based on which it has been noted that electrification is highly effective. Besides, the Department of Transportation (DOTr) recently unveiled its first-ever electric passenger ferry, M/B Dalaray, which has the capability to sail 26 kilometers with 13 stops across 5 cities. Therefore, with such presence of ferry networks, there is a huge growth opportunity for the market in the country.

North America Market Insights

North America in the marine battery market is expected to emerge as the fastest-growing region during the forecast period. The market’s development in the region is highly propelled by the presence of defense modernization programs in the U.S. and Canada, port electrification, and the commercialization of hybrid-electric propulsion in commercial fleets. According to an article published by the Climate Program Portal Organization in September 2024, the U.S. Department of Energy (DOE), functioning under the Biden-Harris Administration’s Investing in America agenda, declared more than USD 3 billion for 25 specific projects across 14 states to bolster the regional production of innovative batteries as well as battery materials globally. These projects are expected to support more than 8,000 construction employment opportunities, as well as over 4,000 operating jobs, thereby denoting an optimistic outlook for the market.

The U.S. in the marine battery market is gaining increased traction, owing to the availability of auxiliary and hybrid-electric battery systems for defense platforms, workboats, and ferries, along with the aspect of federal expenditure to boost upstream battery materials for supporting marine battery cost-down trajectories and availability. As per an article published by the DOE in December 2024, the country has made suitable progress in readily reinforcing manufacturing and strengthening the domestic energy supply chain by investing USD 85 billion in reinvigorating processing, manufacturing, and refining of severe minerals, along with optimizing the overall productive capacity for the nation’s energy products. Moreover, the county’s government invested almost USD 33 billion in supporting the onshoring of critical capabilities and the commercialization of cutting-edge battery technologies, which is creating a positive impact for the market’s expansion.

Canada's presence in the marine battery market is also developing due to government-driven advanced roadmaps, tactical investments in battery supply chains, and clean energy mandates. In addition, Natural Resources Canada and the National Battery Innovation Roadmap’s strategic approach to battery development, as well as federal programs, are backing decarbonization and sustainable manufacturing in maritime transport, all of which cater to the market’s growth. As stated in an article published by the Government of Canada in October 2025, the Minister of Energy and Natural Resources declared an investment of more than USD 22 million for supporting 8 projects to escalate battery production and innovation capacities across the entire nation. Besides, to achieve net-zero emissions by the end of 2050, the international cumulative battery demand between 2022 and 2050 is projected to increase almost 150-fold, thus offering an opportunity for the country to seize growth in the market.

APAC Market Insights

The Asia Pacific in the marine battery market is projected to witness a considerable share by the end of the stipulated timeline. The market’s growth in the region is effectively driven by the presence of defense modernization programs integrating resilient and silent onboard power, port electrification, and hybridization of commercial fleets. As stated in an article published by the IEEFA Organization in January 2022, there is a huge demand for lithium-ion batteries for almost 80% of the automotive sector, particularly for electric vehicles. Based on this demand, India’s government has targeted 30% of the latest new vehicle sales to be electric by the end of 2030. In addition, there is the requirement for 34 GW or 136 GWh of battery storage to readily add 450 GW of renewables by the same year, which is gradually increasing the market’s exposure in the overall region.

The marine battery market in China is gaining increased exposure, owing to governmental spending and policy, the massive industrial scale, adoption of sustainable chemical processes, and commercial and defense shipping. As per an article published by the ITIF Organization in April 2024, the country significantly catered to 44% of international chemical production, along with 46% of capital investment. Besides, in terms of chemical production, the country accounts for almost 55% of the international capacity, especially for acetic acid, along with nearly 50% of carbon black capacity, and 45% of titanium dioxide. Moreover, the country also constitutes the highest capital investment intensity in terms of value share, which is 2.8 times more than the U.S., thereby denoting a huge growth opportunity for the market.

The marine battery market in India is also growing due to generous investments in the chemical industry, an increase in industrial demand, and the presence of robust governmental strategies. Besides, as stated in the February 2024 ITIF Organization article, the country’s long-lasting experience in semiconductor design has resulted in accounting for 20% of the internationally integrated circuit design workforce, comprising more than 125,000 workers. Furthermore, semiconductors usually demonstrate the heartbeat of the modernized digital economy, which has been growing, with a USD 588 billion industrial valuation as of 2024. Based on this aspect, India has the capability to import electronics and electrical equipment, reaching USD 67.6 billion as of 2022. This comprises approximately USD 15.6 billion in semiconductors, which is almost doubling to USD 8.1 billion in semiconductor imports every year, thus boosting the overall market.

Marine Battery Market share
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Key Marine Battery Market Players:

    Here is a list of key players operating in the global market:

    • EnerSys (U.S.)
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Saft (France)
    • Siemens Energy (Germany)
    • Leclanché SA (Switzerland)
    • Wärtsilä Corporation (Finland)
    • ABB Ltd (Switzerland)
    • Rolls-Royce Power Systems (UK)
    • Toshiba Corporation (Japan)
    • GS Yuasa Corporation (Japan)
    • Kokam Co., Ltd. (South Korea)
    • LG Energy Solution (South Korea)
    • Samsung SDI Co., Ltd. (South Korea)
    • Exide Industries Ltd. (India)
    • Amara Raja Batteries Ltd. (India)
    • EST-Floattech B.V. (Netherlands)
    • Akasol AG (Germany)
    • Tesvolt GmbH (Germany)
    • Echandia AB (Sweden)
    • Energy Renaissance (Australia)
    • Petronas Chemicals Group Berhad (Malaysia)

    The international marine battery market is moderately concentrated, with Europe-based incumbents as well as U.S.-based battery leaders readily competing against rapidly progressing manufacturers in Asia. Besides, notable players have significantly emphasized vertical integration across cathode/anode materials, cell manufacturing, and marine-specific battery management systems, while forging OEM shipbuilder partnerships and port electrification pilots. Meanwhile, tactical approaches constitute capacity expansions, recycling ecosystems, and chemistry innovation, which are tailored to short-sea duty cycles. Further, in August 2025, Wärtsilä and Wasaline closely cooperate with each other and continue to operate with the largest marine battery hybrid system project. This has been projected to enhance the ship’s battery capacity by 10.4 MWh, especially from 2.2 MWh to 12.6 MWh, thereby making it the highest marine battery system in operation.

    Corporate Landscape of the Marine Battery Market:

    • EnerSys is one of the leading global providers of stored energy solutions, providing innovative lithium-ion and lead-acid batteries for marine applications. The organization readily focuses on hybrid propulsion and auxiliary power systems, supporting electrification in commercial and defense vessels. Based on these, and stated in its 2024 annual report, the organization generated USD 911 million in net sales, along with USD 1.4 as diluted EPS, and 10 times EBITDA on operating cash, amounting to USD 137 million.
    • Saft is considered a subsidiary of TotalEnergies, specializing in high-performance lithium-ion batteries tailored for maritime use. Its solutions are comprehensively adopted in hybrid ferries and offshore vessels, emphasizing long lifecycle, safety, and compliance with Europe-based sustainability mandates.
    • Siemens Energy significantly integrates marine battery systems into hybrid propulsion architectures, combining batteries with conventional engines to reduce emissions. The organization has leveraged its expertise in electrification and port infrastructure to support large-scale adoption of battery-powered vessels.
    • Leclanché SA is well-known for its marine battery systems designed for ferries and cargo ships, with a strong focus on sustainability and recycling. Its lithium-ion solutions are deployed in several Europe-driven electrification projects, positioning it as a pioneer in maritime energy storage.
    • Wärtsilä Corporation has developed integrated hybrid and fully electric propulsion systems, combining batteries with advanced energy management software. The company leads in retrofitting ferries and short-sea vessels, aligning with IMO decarbonization targets and Nordic electrification initiatives.

Recent Developments

  • In December 2024, Corvus Energy declared the unveiling of Blue Whale NxtGen, which is the newest addition to its NxtGen family of batteries. This has been designed for vessel applications, wherein high energy density and content are severe, and this particular battery system delivers suitable safety, performance, and cost while maintaining scalability.
  • In November 2024, AYK Energy significantly supplies Brittany Ferries with the world’s largest battery, which is the 12 megawatt-hour (MWh) Orion+ battery. Its operation is based on zero-emission battery power while entering and exiting the port for optimizing air quality and reducing emissions.
  • In May 2024, Rolls-Royce is focused on supplying an mtu-based battery energy storage system, comprising an output of 12 MW, along with a storage capacity of 24 MWh to Encavis AG. This has been extremely suitable for supporting the Hamburg-based electricity producer in effectively trading the electrical energy generated by German wind and solar parks.
  • Report ID: 8308
  • Published Date: Dec 11, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of the marine battery market was over USD 2.4 billion.

The market size for the marine battery market is projected to reach USD 7.2 billion by the end of 2035 expanding at a CAGR of 13.1% during the forecast period i.e., between 2026-2035.

The major players in the market are ABB Ltd, Rolls-Royce Power Systems, Toshiba Corporation, GS Yuasa Corporation, and others.

In terms of the battery type segment, the lithium-ion is anticipated to garner the largest market share of 78.8% by 2035 and display lucrative growth opportunities during 2026-2035.

The market in Europe is projected to hold the largest market share of 32.7% by the end of 2035 and provide more business opportunities in the future.

Marine Battery Market Report Scope

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