Marine transportation is one of the fastest growing sector owing to rise in world trade demand for container ships, fighter ships, submarines and cruise. Power supply requirement in these ships are met by submarine electrical systems that can provide high voltage direct current via power transmission systems which can use direct current for huge power transmission over long routes. Such submarine electrical power systems allow to carry power between countries via submarine cables to offshore installations, for example ocean science observatories and oil/gas platforms.

Market Dynamics

technological innovation and increasing M&A activities and completion in commerce, many regional and local vendors are proposing exact application products for diverse end-users is highly driving growth of this market. However, new players in the market are finding it firm to contend with international vendors on the basis of innovations in technology, reliability and quality.

Market Classification

The market can be bifurcated on the basis of product, end user and geography. By product, submarine electrical system market can be segmented into valve-regulated lead acid batteries, flooded lead acid batteries and others. By end user, submarine electrical system market can be segmented into civilian, for military. On the basis of geography, the submarine electrical system marketcan be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in submarine electrical system market include Exide Technologies, EverExceed, GS Yuasa, Zibo Torch Energy Co., Ltd., EnerSys Systems, Sunlight SA, Hbl Power Systems Ltd., and Korea Special Battery Co., Ltd among others.

Market Segmentation

Market By Product

• Valve-regulated Lead Acid (VRLA) Batteries
• Flooded Lead Acid Batteries
• Others

Market By End User

• Civilian
• Military

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA