Dublin, Jan. 22, 2026 (GLOBE NEWSWIRE) — The “Marine Battery Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031” has been added to ResearchAndMarkets.com’s offering.
The Global Marine Battery Market is projected to experience substantial growth, expanding from a valuation of USD 2.97 Billion in 2025 to USD 9.06 Billion by 2031, representing a CAGR of 20.43%.
Marine batteries are specialized energy storage units designed to deliver auxiliary or main power to vessels, operating within hybrid or fully electric propulsion frameworks. The primary factors driving this market expansion include the maritime industry’s drive for operational efficiency through fuel savings and stringent environmental regulations set by the International Maritime Organization to curtail greenhouse gas emissions. These storage solutions enable spinning reserve and peak shaving applications, which significantly reduce maintenance costs and fuel consumption for ship operators.
As the industry pivots toward decarbonization, the adoption of this technology is gaining momentum. Data from the Maritime Battery Forum indicates that by January 2024, the global ship registry listed 1,228 battery-powered vessels, including those currently in operation and under construction. Despite this upward trend, a major obstacle hindering broader market growth is the limited energy density of existing battery chemistries. This technical limitation currently restricts the viability of marine batteries primarily to auxiliary functions and short-sea shipping routes, rather than long-haul deep-sea voyages.
Market Drivers:
The expansion of shore power solutions and port-side charging infrastructure acts as a crucial driver for the Global Marine Battery Market, necessitating the adoption of onboard energy storage systems to handle peak loads and grid connectivity. With global ports under increasing pressure to eliminate local emissions, governments are directing substantial investments toward subsidizing zero-emission equipment and electrifying port operations. This infrastructural growth directly fuels the demand for high-capacity marine batteries that support cold ironing and rapid charging, thereby decreasing reliance on auxiliary diesel engines while docked. Highlighting this commitment, the European Commission’s Innovation Fund announced a new funding round in December 2024 with a €4.6 billion budget specifically targeting net-zero mobility projects, including battery cell manufacturing and maritime decarbonization.
Concurrently, the market is heavily influenced by the rapid integration of fully electric and hybrid propulsion systems, which are becoming standard in newbuilding specifications to satisfy decarbonization goals. Shipowners are increasingly prioritizing flexible fuel strategies wherein batteries are essential for ensuring compliance with stricter environmental standards and optimizing engine performance. According to DNV, orders for alternative-fuelled vessels reached 19.8 million gross tonnes (GT) in the first half of July 2025, a 78% increase compared to the same period in 2024. This rise in green tonnage is reflected in the financial results of major technology providers; Wartsila reported a 34% surge in fourth-quarter order intake in February 2025, emphasizing the robust demand for marine propulsion and energy storage solutions.
Market Challenges:
A significant barrier obstructing the expansion of the global marine battery market is the limited energy density inherent in current battery chemistries. Because existing battery technologies require considerable mass and physical volume to store the energy needed for propulsion, they impose a severe weight penalty compared to conventional liquid fuels. This technical constraint restricts the commercial feasibility of fully electric propulsion systems to vessels operating on fixed, short routes where frequent recharging is practical. For the deep-sea shipping sector, which facilitates the vast majority of global trade, the loss of cargo capacity required to accommodate massive battery banks renders the technology operationally and economically unviable.
Consequently, this limitation significantly narrows the addressable market, compelling the industry to adopt batteries mainly for hybrid configurations or auxiliary functions rather than as a primary power source. As a result, the market struggles to penetrate the high-volume transoceanic vessel segment that is essential for broader industrial growth. Data from the Faraday Institution in January 2025 reveals that fully electric ships comprised only 18% of the total battery-enabled fleet, whereas plug-in hybrid and hybrid configurations accounted for 65% of installations. These statistics underscore that the market remains capped by performance limitations that prevent batteries from becoming the dominant propulsion solution for the wider maritime fleet.
Market Trends:
The Rapid Adoption of Lithium-Iron Phosphate (LFP) Battery Chemistries is transforming the sector’s technological landscape as manufacturers increasingly value safety and cost-efficiency over raw energy density. Unlike Nickel-Manganese-Cobalt (NMC) variants, LFP chemistries provide superior thermal stability, significantly lowering the risk of thermal runaway in enclosed hulls and eliminating dependence on volatile cobalt supply chains. This shift facilitates the deployment of massive battery banks for large-scale applications where operational safety and lifecycle longevity are prioritized over weight. As reported in the ‘Corvus Energy to supply BESS for the first fully electric offshore vessel’ article by Best Magazine in February 2025, Corvus Energy announced it would deliver a 25 MWh LFP battery system for a new Bibby Marine vessel, representing the largest LFP system supplied to a maritime project to date.
At the same time, the Expansion of Hybrid Propulsion Systems into Large Commercial Vessels is accelerating as operators aim to maximize electric range for peak shaving and port operations. This trend is defined by the retrofitting and upgrading of existing fleets with vastly increased energy storage capacities, moving from small auxiliary units to massive main-power support architectures. These high-capacity installations allow large commercial vessels, such as ROPAX ferries, to operate with zero emissions during maneuvering and harbor stays, directly addressing port-side decarbonization mandates. According to the ‘Wartsila to deliver world’s largest marine battery hybrid system’ report by Container News in August 2025, Wartsila secured an order to increase the energy storage capacity of Wasaline’s Aurora Botnia ferry from 2.2 MWh to 12.6 MWh, establishing it as the world’s largest operating marine battery hybrid system.
Key Players Profiled in the Marine Battery Market:
- G.S. Yuasa Corporation
- Siemens AG
- Saft Groupe SA
- EST Floattech B.V.
- BorgWarner Inc.
- Echandia Marine AB.
- Leclanche SA
- Wartsila Corporation
- Furukawa Battery Co. Ltd.
- Toshiba Corporation
Report Scope: In this report, the Global Marine Battery Market has been segmented into the following categories:
Marine Battery Market, by Type:
- Lithium-Ion
- Nickel Cadmium
- Sodium
- Fuel Cell
- Flooded
- Gel
- Lead-Acid
Marine Battery Market, by Application:
- Commercial
- Defense
- Unmanned
Marine Battery Market, by Design:
- Solid-State Batteries
- Flow Batteries
Marine Battery Market, by Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 185 |
| Forecast Period | 2025 – 2031 |
| Estimated Market Value (USD) in 2025 | $2.97 Billion |
| Forecasted Market Value (USD) by 2031 | $9.06 Billion |
| Compound Annual Growth Rate | 20.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/4jve69
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