Submarine Battery Market, By Battery Type (Lithium Ion Battery, Lead Acid Battery, Others), By Application (Military, Civilian), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Submarine Battery Market is estimated to be valued at USD 1,233.6 Mn in 2025 and is expected to reach USD 1,842.7 Mn in 2032, exhibiting a compound annual growth rate (CAGR) of 5.9% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 1,233.6 Mn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
5.90%
2032 Value Projection:
USD 1,842.7 Mn
Figure. Submarine Battery Market Share (%), By Region 2025
A submarine is a watercraft, which is used for various commercial and military applications. In submarines, a battery plays a major role in its smooth running. Submarines require high electric power to operate the equipment on board. For power supply, submarines are equipped with a diesel engine that burns fuel or nuclear reactors that use nuclear fusion, which helps charge their batteries.
Market Dynamics:
In recent years, the global market for submarine batteries has experienced rapid expansion and changing market dynamics. One of the main drivers of this market's expansion is the rising need for submarines in both the defense and commercial sectors. Among other uses, submarines are essential for naval operations, undersea research, and offshore oil and gas extraction. The demand for dependable and effective power solutions, such submarine batteries, has increased as a result.
The dynamics of the market have been significantly shaped by improvements in battery technology. Modern lithium-ion batteries, which offer a higher energy density, a longer operating life, and superior performance in demanding maritime settings, are increasingly replacing conventional lead-acid batteries.
Key features of the study:
This report provides an in-depth analysis of the global submarine battery market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading market players.
It profiles leading market players in the global submarine battery market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, submarine battery market capital, key developments, strategies, and future plans.
Companies covered as part of this study include EnerSys, EverExceed Corporation, Exide Industries, Exide Technologies, GS Yuasa Corporation, HBL Power Systems Limited, Korea Special Battery Co., Ltd., Sunlight Systems S.A, and Zibo Torch Energy Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics.
The global submarine battery market report caters to various stakeholders including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global submarine battery market.
Global Submarine Battery Market Detailed Segmentation:
By Battery Type
Lithium-ion Battery
Lead Acid Battery
Others
By Application
Military
Civilian
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
EnerSys
EverExceed Corporation
Exide Industries
Exide Technologies
GS Yuasa Corporation
HBL Power Systems Limited
Korea Special Battery Co., Ltd.
Sunlight Systems S.A
Zibo Torch Energy Co., Ltd.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Battery Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
The adoption of lithium-ion batteries along with the integration of submarine diesel engines
Rising government investments for the production of submarines
Restraints
Presence of liquid electrolytes in the battery has a threat of explosion
Concerns regarding the recycling of lead-acid batteries
Opportunities
Investments in Navy in developing countries
Advancements in durable batteries
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Submarine Battery Market, By Battery Type, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Segment Trends
Lithium-ion Battery
Introduction
Market Size and Forecast, 2020-2032, (US$ Mn)
Lead Acid Battery
Introduction
Market Size and Forecast, 2020-2032, (US$ Mn)
5. Global Submarine Battery Market, By Application, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Military
Introduction
Market Size and Forecast, 2020-2032, (US$ Mn)
Civilian
Introduction
Market Size and Forecast,2020-2032, (US$ Mn)
6. Global Submarine Battery Market, By Region, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021-2032
Regional Trends
North America
Introduction
Market Size and Forecast, By Battery Type, 2020 - 2032 (US$ Million)
Market Size and Forecast, By Application, 2020 - 2032 (US$ Million)
Market Share Analysis, By Country, 2020 and 2032 (%)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, By Battery Type, 2020 - 2032 (US$ Million)
Market Size and Forecast, By Application, 2020 - 2032 (US$ Million)
Market Share Analysis, By Country, 2020 and 2032 (%)
Germany
U.K.
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Battery Type, 2020 - 2032 (US$ Million)
Market Size and Forecast, By Application, 2020 - 2032 (US$ Million)
Market Share Analysis, By Country, 2020 and 2032 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, By Battery Type, 2020 - 2032 (US$ Million)
Market Size and Forecast, By Application, 2020 - 2032 (US$ Million)
Market Share Analysis, By Country, 2020 and 2032 (%)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
Introduction
Market Size and Forecast, By Battery Type, 2020 - 2032 (US$ Million)
Market Size and Forecast, By Application, 2020 - 2032 (US$ Million)
Market Share Analysis, By Country, 2020 and 2032 (%)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Battery Type, 2020 - 2032 (US$ Million)
Market Size and Forecast, By Application, 2020 - 2032 (US$ Million)
Market Share Analysis, By Country, 2020 and 2032 (%)