Battery Pack for Marine Hybrid and Full Electric Propulsion Market Size, Share, and Trends 2024 to 2034

The global battery pack for marine hybrid and full electric propulsion market size is calculated at USD 1,253.15 million in 2025 and is forecasted to reach around USD 2,661.64 million by 2034, accelerating at a CAGR of 8.73% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : March 2025
  • Report Code : 5668
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology 

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Battery Pack for Marine Hybrid & Full Electric Propulsion Market 

5.1. COVID-19 Landscape: Battery Pack for Marine Hybrid & Full Electric Propulsion Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Battery Pack for Marine Hybrid & Full Electric Propulsion Market, By Vessel Type

8.1. Battery Pack for Marine Hybrid & Full Electric Propulsion Market Revenue and Volume Forecast, by Vessel Type

8.1.1. Tugboats & OSVs

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Ferries

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Defense Vessels

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Yachts

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Cruise Ships 

8.1.5.1. Market Revenue and Volume Forecast

8.1.6. Others (Including Oil Tankers and Container Ships)

8.1.6.1. Market Revenue and Volume Forecast

Chapter 9. Global Battery Pack for Marine Hybrid & Full Electric Propulsion Market, By RPM

9.1. Battery Pack for Marine Hybrid & Full Electric Propulsion Market Revenue and Volume Forecast, by RPM

9.1.1. 0 RPM – 1, 000 RPM

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. 1, 001 RPM – 2, 500 RPM

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Above 2 and 500 RPM

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Battery Pack for Marine Hybrid & Full Electric Propulsion Market, By Power Rating

10.1. Battery Pack for Marine Hybrid & Full Electric Propulsion Market Revenue and Volume Forecast, by Power Rating

10.1.1. Up to 1 MW

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. 1.1 to MW – 2 MW

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Above 3.5 MW

10.1.3.1. Market Revenue and Volume Forecast

Chapter 11. Global Battery Pack for Marine Hybrid & Full Electric Propulsion Market, By Propulsion Type 

11.1. Battery Pack for Marine Hybrid & Full Electric Propulsion Market Revenue and Volume Forecast, by Propulsion Type

11.1.1. Hybrid Propulsion 

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Full Electric Propulsion

11.1.2.1. Market Revenue and Volume Forecast

Chapter 12. Global Battery Pack for Marine Hybrid & Full Electric Propulsion Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Vessel Type

12.1.2. Market Revenue and Volume Forecast, by RPM

12.1.3. Market Revenue and Volume Forecast, by Power Rating

12.1.4. Market Revenue and Volume Forecast, by Propulsion Type

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Vessel Type

12.1.5.2. Market Revenue and Volume Forecast, by RPM

12.1.5.3. Market Revenue and Volume Forecast, by Power Rating

12.1.5.4. Market Revenue and Volume Forecast, by Propulsion Type

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Vessel Type

12.1.6.2. Market Revenue and Volume Forecast, by RPM

12.1.6.3. Market Revenue and Volume Forecast, by Power Rating

12.1.6.4. Market Revenue and Volume Forecast, by Propulsion Type

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Vessel Type

12.2.2. Market Revenue and Volume Forecast, by RPM

12.2.3. Market Revenue and Volume Forecast, by Power Rating

12.2.4. Market Revenue and Volume Forecast, by Propulsion Type

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Vessel Type

12.2.5.2. Market Revenue and Volume Forecast, by RPM

12.2.5.3. Market Revenue and Volume Forecast, by Power Rating

12.2.5.4. Market Revenue and Volume Forecast, by Propulsion Type

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Vessel Type

12.2.6.2. Market Revenue and Volume Forecast, by RPM

12.2.6.3. Market Revenue and Volume Forecast, by Power Rating

12.2.6.4. Market Revenue and Volume Forecast, by Propulsion Type

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Vessel Type

12.2.7.2. Market Revenue and Volume Forecast, by RPM

12.2.7.3. Market Revenue and Volume Forecast, by Power Rating

12.2.7.4. Market Revenue and Volume Forecast, by Propulsion Type

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Vessel Type

12.2.8.2. Market Revenue and Volume Forecast, by RPM

12.2.8.3. Market Revenue and Volume Forecast, by Power Rating

12.2.8.4. Market Revenue and Volume Forecast, by Propulsion Type

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Vessel Type

12.3.2. Market Revenue and Volume Forecast, by RPM

12.3.3. Market Revenue and Volume Forecast, by Power Rating

12.3.4. Market Revenue and Volume Forecast, by Propulsion Type

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Vessel Type

12.3.5.2. Market Revenue and Volume Forecast, by RPM

12.3.5.3. Market Revenue and Volume Forecast, by Power Rating

12.3.5.4. Market Revenue and Volume Forecast, by Propulsion Type

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Vessel Type

12.3.6.2. Market Revenue and Volume Forecast, by RPM

12.3.6.3. Market Revenue and Volume Forecast, by Power Rating

12.3.6.4. Market Revenue and Volume Forecast, by Propulsion Type

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Vessel Type

12.3.7.2. Market Revenue and Volume Forecast, by RPM

12.3.7.3. Market Revenue and Volume Forecast, by Power Rating

12.3.7.4. Market Revenue and Volume Forecast, by Propulsion Type

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Vessel Type

12.3.8.2. Market Revenue and Volume Forecast, by RPM

12.3.8.3. Market Revenue and Volume Forecast, by Power Rating

12.3.8.4. Market Revenue and Volume Forecast, by Propulsion Type

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Vessel Type

12.4.2. Market Revenue and Volume Forecast, by RPM

12.4.3. Market Revenue and Volume Forecast, by Power Rating

12.4.4. Market Revenue and Volume Forecast, by Propulsion Type

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Vessel Type

12.4.5.2. Market Revenue and Volume Forecast, by RPM

12.4.5.3. Market Revenue and Volume Forecast, by Power Rating

12.4.5.4. Market Revenue and Volume Forecast, by Propulsion Type

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Vessel Type

12.4.6.2. Market Revenue and Volume Forecast, by RPM

12.4.6.3. Market Revenue and Volume Forecast, by Power Rating

12.4.6.4. Market Revenue and Volume Forecast, by Propulsion Type

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Vessel Type

12.4.7.2. Market Revenue and Volume Forecast, by RPM

12.4.7.3. Market Revenue and Volume Forecast, by Power Rating

12.4.7.4. Market Revenue and Volume Forecast, by Propulsion Type

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Vessel Type

12.4.8.2. Market Revenue and Volume Forecast, by RPM

12.4.8.3. Market Revenue and Volume Forecast, by Power Rating

12.4.8.4. Market Revenue and Volume Forecast, by Propulsion Type

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Vessel Type

12.5.2. Market Revenue and Volume Forecast, by RPM

12.5.3. Market Revenue and Volume Forecast, by Power Rating

12.5.4. Market Revenue and Volume Forecast, by Propulsion Type

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Vessel Type

12.5.5.2. Market Revenue and Volume Forecast, by RPM

12.5.5.3. Market Revenue and Volume Forecast, by Power Rating

12.5.5.4. Market Revenue and Volume Forecast, by Propulsion Type

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Vessel Type

12.5.6.2. Market Revenue and Volume Forecast, by RPM

12.5.6.3. Market Revenue and Volume Forecast, by Power Rating

12.5.6.4. Market Revenue and Volume Forecast, by Propulsion Type

Chapter 13. Company Profiles

13.1. ABB Group

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Corvus Energy

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Leclanché SA

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Rolls-Royce plc (Power Systems)

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Siemens AG

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Saft Groupe SA

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Tesla, Inc.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. LG Chem Ltd.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Samsung SDI Co., Ltd.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Panasonic Corporation

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global battery pack for marine hybrid & full electric propulsion market size is expected to grow from USD 2,661.64 million in 2024 to USD 1,152.54 million by 2034.

The battery pack for marine hybrid & full electric propulsion market is anticipated to grow at a CAGR of 8.73% between 2025 and 2034.

The major players operating in the battery pack for marine hybrid & full electric propulsion market are ABB Group, Corvus Energy, Leclanché SA, Rolls-Royce plc (Power Systems), Siemens AG, Saft Groupe SA, Tesla, Inc., LG Chem Ltd., Samsung SDI Co., Ltd., Panasonic Corporation, and Others.

The driving factors of the battery pack for marine hybrid & full electric propulsion market are the battery pack for marine hybrid & full electric propulsion market brings new growth through the expanding implementation of hybrid propulsion systems across maritime industries.

Asia Pacific region will lead the global battery pack for marine hybrid & full electric propulsion market during the forecast period 2025 to 2034.

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