Top 3 Emerging Trends Impacting the Global Marine Powerboats Batteries Market from 2017-2021: Technavio
March 30 2017 - 10:20AM
Business Wire
Technavio’s latest report on the global marine powerboats
batteries market provides an analysis on the most important
trends expected to impact the market outlook from 2017-2021.
Technavio defines an emerging trend as a factor that has the
potential to significantly impact the market and contribute to its
growth or decline.
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Technavio has announced the release of
their 'Global Marine Powerboats Batteries Market 2017-2021' report.
(Graphic: Business Wire)
The research study by Technavio on the global marine
powerboats batteries market for 2017-2021 provides detailed
industry analysis based on engine type (outboard engine and inboard
engine) and geography (the US, Europe, and ROW).
Marine powerboat batteries are used for
engine ignition and for powering the electrical components of the
boat like boat lights, marine fuse blocks, and electrical panels.
Technavio analysts forecast the global marine powerboats batteries
market to grow to 1,413.04 thousand units by 2021, at a CAGR of
close to 4% over the forecast period.
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The top three emerging trends driving the global marine
powerboats batteries market according to Technavio
automotive research analysts are:
- Absorbed glass mat (AGM) batteries
replacing lead-acid batteries
- Increased emphasis on R&D for
developing energy-efficient marine batteries
- R&D on marine batteries for
methanol-fueled powerboats
Absorbed glass mat (AGM) batteries replacing lead-acid
batteries
“Lithium-ion batteries and absorbed glass mat batteries are
being increasingly adopted to power marine powerboats due to their
impressive battery lives and long lifespan. Absorbed glass mat
batteries avoid spillage, leakage, or evaporation, leading to its
high adoption,” says Praveen Kumar, a lead analyst at Technavio
for automotive components research.
Lithium-ion batteries can discharge below 40% of their battery
capacity without affecting the power storage capacity. But, since
their initial costs are high, absorbed glass mat (AGM) batteries
are becoming the most popular batteries.
Increased emphasis on R&D for developing energy-efficient
marine batteries
Automotive manufacturers are increasing their investments
towards the R&D for the production of an advanced form of
marine battery that is capable of holding a higher percentage of
power while reducing discharge. Samsung Electronics is funding an
R&D project with Massachusetts Institute of Technology to
develop an advanced lithium-ion battery capable of offering large
amounts of the charge cycle, about 30 times more energy density,
and operating on a liquid electrolyte. Such investments are
bringing in more revenue towards the marine powerboat batteries
market.
R&D on marine batteries for methanol-fueled
powerboats
“The rising popularity of alternative fuels is driving the
marine industry to incorporate newer technologies into the design
of the powertrain of marine powerboats. The industry is focusing on
the development of methanol engine powerboat which can
significantly reduce emissions while offering a convenient and
efficient fuel alternative,” says Praveen.
Marine batteries are specifically built to hold a charge through
extended periods of idle time, which makes them suitable for
maritime tours. The adoption of methanol-fueled powerboats
successfully eliminates the usage of all other batteries,
complementing the functioning of the methanol-fueled
powerboats.
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Technavio is a leading global technology research and
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countries. Technavio has about 300 analysts globally who specialize
in customized consulting and business research assignments across
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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