Knowledge Hub

Global Submarine Battery Market to grow at a CAGR of 5.28% during 2016-2020

Press Release   •   Jan 02, 2017 05:31 EST

About Submarines

Submarines are crucial in a naval fleet due to their multi-operational capabilities and ability to complement other strategic resources. The global submarine market declined drastically in 1991 toward the end of the Cold War period. Since then, Brazil, Russia, India, and China (BRIC) and other developing countries of APAC are investing in the submarine market to strengthen their naval capabilities.

Technavios analysts forecast the global submarine battery market to grow at a CAGR of 5.28% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global submarine battery market for 2016-2020. To calculate the market size, the report considers the total number of submarines, segmentation by submarine type and average unit price.

The market is divided into the following segments based on geography:




Technavio's report, Global Submarine Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Download Sample Copy of Report at

Key vendors



Exide Technologies

HBL Power Systems

Sunlight Systems

Other prominent vendors

Exide Industries

GS Yuasa


Market driver

Rising investments in submarines

For a full, detailed list, view our report

Market challenge

Recycling concerns over growing use of LAB

For a full, detailed list, view our report

Market trend

Development of new battery technologies

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?