CAGR Value :
The global submarine battery market was valued at USD 396 million in 2024. The market is projected to grow from USD 418 million in 2025 to USD 576 million by 2032, exhibiting a CAGR of 5.6% during the forecast period.
Report Studies :
Submarine batteries are large-scale energy storage systems that provide the primary electrical power for propulsion and onboard systems when a submarine is submerged. These batteries are recharged by diesel generators or nuclear reactors when the vessel is on the surface or at snorkel depth. The market is primarily segmented into Valve-regulated Lead Acid (VRLA) Batteries and Flooded Lead Acid Batteries, with VRLA gaining significant traction due to their maintenancefree operation and enhanced safety features.
Market growth is driven by increasing global defense expenditure and the modernization of naval fleets, particularly in the Asia-Pacific and North American regions. North America holds the largest market share, estimated at approximately 35% in 2024, largely due to the extensive and technologically advanced submarine fleet of the United States Navy. Furthermore, key industry players such as EnerSys, Systems Sunlight S.A., and Exide Technologies collectively command a significant portion of the market, with the top five companies accounting for nearly 45% of global revenue.
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Key Players :
• EnerSys (USA)
• Exide Technologies (USA)
• Systems Sunlight S.A. (Greece)
• Zibo Torch Energy (China)
• Exide Industries (India)
• HBL Power Systems Ltd. (India)
• GS Yuasa Corporation (Japan)
• Korea Special Battery Co., Ltd. (South Korea)
• EaglePicher Technologies (USA)
• EverExceed (International)
• Shandong Sacred Sun Power Sources Co., Ltd. (China)
• East Penn Manufacturing Co., Inc. (USA)
• C&D Technologies, Inc. (USA)
• Trojan Battery Company (USA)
• NorthStar Battery Company (USA)
