SAN FRANCISCO , July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Submarine Batteries - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 6; Released: January 2022
Executive Pool: 421
Companies: 42 - Players covered include EnerSys; Exide Technologies; GS Yuasa Corporation; HBL Power Systems Ltd.; SAFT and Others.
Coverage: All major geographies and key segments
Segments: Segment (SSK, SSN, SSBN)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Submarine Batteries Market to Reach $1.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Submarine Batteries estimated at US$921.9 Million, is projected to reach a revised size of US$1.3 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. SSK, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$693.9 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the SSN segment is readjusted to a revised 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $289 Million in 2021, While China is Forecast to Reach $222.9 Million by 2026
The Submarine Batteries market in the U.S. is estimated at US$289 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$222.9 Million by the year 2026 trailing a CAGR of 5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
SSBN Segment to Reach US$254.4 Million by the year 2026
In the global SSBN segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$148.4 Million will reach a projected size of US$216.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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