Enhancing Performance with Marine Batteries
The Marine Battery Market is set for steady growth, driven by advancements in battery technology and the maritime industry's focus on sustainability. According to Stratview Research, the market is likely to grow at a modest CAGR of 3.4%, reaching US$ 0.5 billion by 2027. In terms of region, Asia-Pacific is expected to remain the largest and fastest-growing market for marine batteries during the forecast period. This growth is propelled by the region's strong shipbuilding sector and increasing investment in green energy solutions.