One of the main factors propelling the market's expansion is the increase in demand for autonomous underwater vehicles. The use of submarines for more purposes, including research, commercial purposes, air crash investigations, and naval purposes (intelligence, surveillance, and reconnaissance, mine countermeasures, anti-submarine warfare, inspection/identification, etc.), has led to an acceleration in the growth of the submarine battery market globally. The global market for submarine batteries is also expanding as a result of rising investments in submarine manufacture. For illustration, in April 2018, Australian steel manufacturers Bisalloy and BlueScope revealed that they had inked agreements with Australia's naval force, the "Royal Australian Navy," to create up to 250 tonnes of specialty steel for a future submarine programme.
Global Submarine Battery Market generated revenue of US$ 866.8 million in 2017 and is expected to reach US$ 1,307 million by 2025 with a CAGR of 5.5% in the forecast period.
Leading Companies in the Submarine Battery Industry:
1. EnerSys
EnerSys provides various stored energy solutions for industrial applications worldwide. EnerSys was incorporated in 2000 and is headquartered in Reading, Pennsylvania. In October, 2022 EnerSys® the global leader in stored energy solutions for industrial applications, has strengthened its Manufacturer Representative Agreement with Industrial Battery & Charger, Inc. by granting exclusive sales and service rights for all EnerSys® motive power products in the Middle Tennessee Territory, with local offices in Nashville.
2. EverExceed Corporation
Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries in India and internationally. The company was founded in 1916 and is headquartered in Kolkata, India. In May, 2020 EverExceed recently has finished the manufacturing process of large number of Industrial battery charger smoothly.
3. GS Yuasa Corporation
GS Yuasa Corporation engages in the manufacture and sale of batteries, power supplies, lighting equipment, and other battery and electrical equipment. GS Yuasa Corporation was incorporated in 2004 and is headquartered in Kyoto, Japan. In November, 2022 GS Yuasa Corporation announced that it started undertaking joint research with Osaka Metropolitan University regarding the research and development of all-solid-state batteries, a technology proposal that was selected for the NEDO Green Innovation Fund.
4. HBL Power Systems Limited
Founded in 1977 HBL is a global powerhouse in the industrial and specialized batteries space. It has headquarters situated in Telangana, India.
5. Korea Special Battery Co., Ltd.
Korea Special Battery Co., Ltd. is a defence company which develops and produces batteries for the submarine and torpedo. The company was founded in 1960 and has headquarters situated in Korea.
6. Sunlight Systems S.A
Founded in 1991 A global technology company, Sunlight Group is one of the world’s leaders in the energy storage sector, passionate about providing the most innovative solutions for our key industries. It has headquarters situated in Neo Olvio, Greece
7. Zibo Torch Energy Co., Ltd.
Zibo Torch Energy Co., Ltd. was founded in January 1944, is one of the earliest development and production of lead-acid battery manufacturers, is a high-tech enterprises, is the production of military special battery manufacturers, one of the nuclear group qualified suppliers. It has headquarters situated in Zibo, Shandong.
*Definition- A submarine is a type of vessel that has both commercial and military uses. In submarines a battery is crucial to efficient operation of the vessel.
