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The global marine battery market size was USD 583.4 million in 2020. The market is expected to grow from USD 676.2 million in 2021 to USD 2,055.8 million by 2028, exhibiting a CAGR of 17.05% during the forecast period. The rising focus on developing low emission solutions and increasing development of alternative energy resources is expected to propel market growth. Fortune Business Insights™ presents this information in its report titled “Marine Battery Market, 2021-2028.” The utilization of marine batteries is widespread in marine-related activities to provide power and reduce emissions. The increasing emphasis on creating low-emission alternatives and the growing exploration of alternative energy sources are anticipated to drive the global adoption of marine batteries. The surge in pollution levels worldwide has led to a shift toward alternative resources that minimize environmental harm. Additionally, the depletion of lithium-ion reserves is likely to entice consumers towards marine battery options, thereby promoting the advancement of the industry in the foreseeable future. List of Key Players Profiled in the Report: Akasol AG (Germany) EnerSys (U.S.) Exide Industries Ltd. (India) Furukawa Battery Solutions Co. Ltd. (Japan) S. Yuasa Corporation (Japan) HBL Power Systems Ltd. (India) Johnson Controls International (Ireland) Leclanché SA (Switzerland) Saft Groupe S.A. (France) Siemens AG (Germany) Systems Sunlight SA (Greece) Toshiba Corporation (Japan) Wärtsilä Oyj Abp (Finland) Browse Summary https://www.fortunebusinessinsights.com/marine-battery-market-106582

The global marine battery market size was USD 583.4 million in 2020. The market is expected to grow from USD 676.2 million in 2021 to USD 2,055.8 million by 2028, exhibiting a CAGR of 17.05% during the forecast period. The rising focus on developing low emission solutions and increasing development of alternative energy resources is expected to propel market growth. Fortune Business Insights™ presents this information in its report titled “Marine Battery Market, 2021-2028.” The usage of marine batteries has become increasingly prevalent in marine applications as they help power vessels and reduce emissions. The growing emphasis on creating low-emission solutions and developing alternative energy sources is anticipated to drive the global adoption of marine batteries. The escalation of emissions worldwide has led to an uptake in alternative resources that reduce pollution. Additionally, the depletion of lithium-ion resources is expected to draw consumers towards marine battery solutions, which will further drive the industry's growth in the years to come. List of Key Players Profiled in the Report: Akasol AG (Germany) EnerSys (U.S.) Exide Industries Ltd. (India) Furukawa Battery Solutions Co. Ltd. (Japan) S. Yuasa Corporation (Japan) HBL Power Systems Ltd. (India) Johnson Controls International (Ireland) Leclanché SA (Switzerland) Saft Groupe S.A. (France) Siemens AG (Germany) Systems Sunlight SA (Greece) Toshiba Corporation (Japan) Wärtsilä Oyj Abp (Finland) Browse Summary https://www.fortunebusinessinsights.com/marine-battery-market-106582