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The marine battery market size is forecast to increase by USD 436.7 million at a CAGR of 14.19% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for high voltage superchargers in maritime transportation. The trend towards electrification in ships and ferries is driving the market, with energy density being a key consideration for the adoption of marine batteries. However, the limitation of capacity and range of fully electric ships remains a challenge. OEMs and aftermarket players are investing in research and development to address these challenges and improve the energy density of marine batteries. The growing focus on reducing emissions in the maritime industry is also expected to boost the market's growth. Overall, the market is poised for steady expansion as the demand for sustainable and efficient energy solutions in maritime transportation continues to rise.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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