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Submarine batteries are used for both manned and unmanned vehicles. Lithium energy packs have been grown in popularity especially for manned submarines. The submarine battery market is making some notable technological strides from the relentless efforts of some batter manufacturers to meet the most stringent conditions under which submarines work. A number of lead-acid solutions have emerged, and new chemistries of batteries are likely to pave way to further innovations. The submarine battery market has thus evolved on the evolving demand for battery management systems for these vehicles. Electronics companies have teamed up with battery manufacturers to dole out new products with higher shelf-life and performance guarantee supported by technical documentation.

Battery manufacturers and vendors in the submarine battery market are thriving from the implementation of regulations by battery manufacturing plants. Some of them are ISO 9001:2008 Quality Management System (QMS), ISO 14001:2004 Environment Management System (EMS) and BS 18001:2007. Rise in spending by governments on Navy fleets has spurred an indigenous demand for submarine battery in some emerging economies. These quality standards have helped battery making companies in offering novel designs that can meet new technical specifications of marines. The export has also picked up from countries in the developing regions to developed world countries.

A submarine is a vessel capable of independent underwater operations. Submarines have the ability to dive and surface in water. Submarine is regarded as the most high-tech vessel in the world. Navy submarines have the capability to launch ballistic missiles, perform rescue operations, and also serve as the base of nuclear weapons. Navy submarines are equipped with in-house facilities and adaptability. This allows the naval military to live for months or even years underwater. Diesel-electric submarines made their first significant impact during the World War I. Several submarines were used as secret weapons in World War I and World War II.

Electric power is required to operate equipment and other in-house systems in submarines. For underwater and surface propulsion, submarines are equipped either with diesel engines, which run on fuel (diesel), or utilize nuclear reactors that use nuclear fission for propulsion. Several submarines are also equipped with battery banks for the supply of electrical power. During emergency situations, a fully charged battery is the only source of submarine propulsion. On surface, these submarines utilize diesel engine for propulsion, and thus charge the main storage battery. Once the batteries are completely charged, the submarine can head underwater and perform underwater operations. Thus, a submarine equipped with a charged battery is the only way a diesel submarine can actually submerge underwater.

Rise in demand for renewable energy, energy efficient systems, marine hybrid propulsion systems, and implementation of strict regulations related to marine emissions are expected to drive the submarine battery market. However, constraints related to battery technology as more efficient and long-lasting batteries integrated with a diesel submarine can help to stay underwater for a long period. Furthermore, ongoing technological advancement related to the development of efficient and long-lasting batteries can be a boon to several marine operations. The biggest threat to submarine batteries is nuclear power, as nuclear powered submarines can stay underwater for a long time, i.e. weeks/months. Furthermore, nuclear fuel lasts much longer than diesel fuel. a nuclear submarine does not have to come to a port to refuel.

Based on propulsion type, the submarine battery market can be segmented into hybrid and non-hybrid. In terms of submarine type, the market can be divided into U-boat, personal submarine, midget submarine, deep sea submergence vehicle (DSV), deep submergence rescue vehicle (DSRV), human torpedoes, merchant submarine, and navy submarine. In terms of battery type, the market can be segregated into lead-acid battery, lithium-ion, and others. Submarine batteries are sold under different brand names. For example, Exide Technologies sells submarine batteries under various brand names such as CEAC, Hagen, and Sonnak.

Europe is expected to be a key region of the submarine batteries market in the near future due to the major shift toward renewable energy in the region. In December 2017, Russia announced its new navy plan, which consists of expansion of submarines, frigates, and cruise missiles. In February 2017, the European Union agreed to the proposal of investing significantly in increasing energy security by strengthening its cross-border energy infrastructure. Installation of batteries in existing submarines running on diesel or electric propulsion can play a vital role in such projects. This presents immense opportunities for the submarine battery market. Asia Pacific is also anticipated to be a prominent region of the market due to the rise in usage of renewable energy in the region. North America is also likely to be one of the major regions of the submarine battery market owing to the rise in number of renewable energy projects and offshore oil and gas projects in the region. The U.S. is regarded as the country with the most powerful naval system in the world. Currently, no other navy has the global reach of the U.S. Navy, which regularly operates in the Pacific, Atlantic, and Indian Oceans, as well as the Mediterranean, Persian Gulf, and the Horn of Africa. Furthermore, the U.S. Government plans to deploy new submarines and update the existing submarines with the latest technology.

Prominent manufacturers and suppliers of submarine batteries include EnerSys, Exide Technologies, HBL Power Systems Ltd., Sunlight Systems, and HBL Power Systems Limited. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Submarine Battery Market

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