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Global Submarine Battery Market 2016-2020

  • Published: Sep 2016
  • Pages: 64
  • SKU: IRTNTR10334
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This market research report recognizes vendors such as EnerSys, EverExceed, Exide Technologies, HBL, and Sunlight Systems as the leading players in the global submarine battery market. This report also presents segmentations based on type (SSK, SSN, and SSBN) and geography (the Americas, APAC, and EMEA).

Outlook of the global submarine battery market

According to the market research analyst at Technavio, the global submarine battery market will grow steadily and post a CAGR of approximately 5% by 2020. Recent advancements in lead-acid battery technology will be a key factor spurring this market’s growth prospects during the forecast period. The increasing demand for lead-acid batteries in defense applications will compel manufacturers to invest in research and development to achieve higher operational efficiency. One such development is the use of carbon materials as an active electrode, which increases the service life and enhances the charge and discharge performances of lead batteries. Furthermore, since these batteries are cost-effective and have the ability to operate at subfreezing temperatures, their demand among the end users will increase substantially.

One of the recent trends in the market is the growing demand for UUVs (unmanned underwater vehicles). The application of UUVs is rising for naval intelligence, mine countermeasure (MCM) operations, intelligence and surveillance roles, and anti-submarine warfare missions. Furthermore, UUVs are specially designed for underwater surveillance, hull inspections, dock inspections, and underwater mines deactivation. In recent times, there has been an increase in the utilization of unmanned systems for carrying out a wide range of electronic attacks (EA), communication transfer, combat, search, and rescue (CSAR) missions, and C4ISR operations. This recent increase in the usage of unmanned systems will subsequently lead to the high demand for batteries.

Competitive landscape and key vendors

In this market, the global and well-diversified manufacturers will have a competitive advantage over smaller and new vendors as they have the capability to offer better products at competitive prices. During the forecast period, factors like product quality, reliability, durability, energy density, and price will play a crucial role in determining a vendor’s position in the market.

Key vendors in the market are -

  • EnerSys
  • EverExceed
  • Exide Technologies
  • HBL
  • Sunlight Systems

Other prominent vendors are Saft, GS Yuasa, and Exide Industries Limited.

Segmentation based on type of submarines and analysis of submarine battery market

  • SSK
  • SSN
  • SSBN

Market analysts predict that the SSK segment will dominate the market and post a CAGR of approximately 5% by 2020. The ability of these submarines to absorb sound waves of active sonar and distort the return signal, which helps in reducing the passive sonar’s detection range, will lead to its increased demand during the next four years.

Segmentation based on geography and analysis of submarine battery market

  • Americas
  • APAC
  • EMEA

During 2015, the Americas dominated the market by accounting for approximately 41% of the total market share. Some of the factors contributing to the growth of this region will be the replacement of the aging fleet of Ohio SSBNs, increased spending on Virginia-class submarine program, and increasing the defense budget under the NDAA (National Defence Authorization Act).

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global submarine battery market?
  • What are the key market trends impacting the growth of the global submarine battery market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global submarine battery market?
  • What are the market opportunities and threats faced by the vendors in the global submarine battery market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global submarine battery market?

Technavio also offers customization on reports based on specific client requirement.

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Technological overview
  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by submarine type

  • Global submarine battery market by submarine type 2015
  • Global submarine battery market by SSK 2015-2020
  • Global submarine battery market by SSN 2015-2020
  • Global submarine battery market by SSBN 2015-2020

PART 07: Market segmentation by geography

  • Global submarine battery market by geography
  • Submarine battery market in Americas
  • Submarine battery market in APAC
  • Submarine battery market in EMEA

PART 08: Market drivers

  • Rising investments in submarines
  • Growing demand for submarines
  • Advances in LAB technology

PART 09: Impact of drivers

PART 10: Market challenges

  • Development of nuclear-powered submarines
  • Recycling concerns over growing use of LAB

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Development of new battery technologies
  • Growing demand for UUVs
  • Increased demand from China

PART 13: Vendor landscape

  • Competitive landscape

PART 14: Key vendor analysis

  • EnerSys
  • EverExceed
  • Exide Technologies
  • HBL Power Systems Ltd.
  • Sunlight Systems

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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