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The marine powerboats batteries market size is forecast to increase by USD1.82 billion at a CAGR of 8.09% between 2023 and 2028. The market is experiencing remarkable growth due to the increasing popularity of marine freight transportation and water sports, which fuel the demand for leisure activities on the water. The emergence of Absorbed Glass Mat (AGM) batteries has addressed the concerns of traditional lead-acid batteries, offering superior performance and longer lifespan. However, the use of lithium-ion batteries in marine applications poses potential hazards, such as fire risks and thermal runaway, which may hinder market growth. Ocean shipping and maritime trade continue to rely on commercial vessels, further increasing the need for efficient and reliable battery solutions. Staying updated on these trends and challenges is crucial for market participants to capitalize on the opportunities in the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Battery Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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