Product Code: CMI5839
The global boat accumulator market was valued at US$ 259.4 million in 2022 and is expected to reach US$ 323.6 million by 2030, growing at a CAGR of 2.8% during the forecast period.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 259.4 Mn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
2.80% |
2030 Value Projection: |
US$ 323.6 Mn |
Figure 1. Global Boat Accumulator Market Share (%), by Region, 2022
The boat accumulator market has seen steady growth over the past few years. An accumulator is a vital component in boats that stores compressed air or gas to be used in various applications. It acts as a reservoir that collects compressed air or nitrogen from an air compressor. This stored pressurized air or gas is then used to operate air horns, bilge pumps, anchors, winches, and other pneumatic devices in boats. Accumulators help in reducing pressure fluctuation caused due to intermittent compressor operation and ensure sufficient compressed air supply for associated boat components. A boat accumulator is an air-filled water tank designed to work with a pressure water pump system controlled by a pressure switch. The pump is turned on when the pressure in the water line falls below a pre-set cut-in pressure, and it is switched off when the water outlet is closed. This cycle is repeated several times a minute and can wear out the pump. There are several different types of accumulators available, all of which work differently but with the same general purpose. These include bladder, membrane, and piston accumulators.
Market Dynamics:
The boat accumulator industry is mainly driven by factors such as rising consumer awareness about energy conservation and environmental protection, and growing demand for green technology in the industrial sector, Moreover, increasing infrastructure and transportation is expected to foster the boat accumulator market growth. Furthermore, technological innovations are expected to present lucrative market opportunities for growth in the near future.
On the other hand, the high cost of production is expected to hamper the market growth.
Key features of the study:
- This report provides an in-depth analysis of the global boat accumulator market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global boat accumulator market based on the following parameters - company highlights, product portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include East Penn Manufacturing Co. Inc., Exide Technologies, Johnson Controls International plc, MasterVolt BV, Optima Batteries Inc., Saft Groupe SA, Trojan Battery Company, VARTA AG, Vetus BV, Victron Energy BV, Yuasa Battery Inc., Leoch Battery Corporation, MK Battery, NorthStar Battery Company, and Rolls Battery Engineering
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global boat accumulator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global boat accumulator market
Boat Accumulator Market Detailed Segmentation:
- By Type
- Lead-acid boat accumulators
- Lithium-ion boat accumulators
- By Application
- Yacht
- Fishing Boats
- Other
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Key Players
- East Penn Manufacturing Co. Inc.
- Exide Technologies
- Johnson Controls International plc
- MasterVolt BV
- Optima Batteries Inc.
- Saft Groupe SA
- Trojan Battery Company
- VARTA AG
- Vetus BV
- Victron Energy BV
- Yuasa Battery Inc.
- Leoch Battery Corporation
- MK Battery
- NorthStar Battery Company
- Rolls Battery Engineering
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increasing demand for recreational boats and yachts
- Growing marine tourism industry
- Rising disposable incomes of consumers
- Increasing focus on safety and comfort in boats and yachts
- High initial cost
- Limited lifespan
- Safety concerns
- Increasing demand for eco-friendly boat accumulators
- Growing demand for lithium-ion boat accumulators
- Focus on aftermarket sales
- Collaboration with boat and yacht manufacturers
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Boat Accumulator Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Boat Accumulator Market, By Type, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Lead-acid boat accumulators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
- Lithium-ion boat accumulators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
6. Boat Accumulator Market, By Application, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Yacht
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
- Fishing Boats
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
- Other
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
7. Boat Accumulator Market, By Region, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018 -2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Mn)
- Market Share Analysis, By Country, 2018 and 2030(%)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Mn)
- Market Share Analysis, By Country, 2018 and 2030(%)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Mn)
- Market Share Analysis, By Country, 2018 and 2030(%)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Mn)
- Market Share Analysis, By Country, 2018 and 2030(%)
- Brazil
- Mexico
- Rest Of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Mn)
- Market Share Analysis, By Country, 2018 and 2030(%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
8. Competitive Landscape
- East Penn Manufacturing Co. Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Exide Technologies
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Johnson Controls International plc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- MasterVolt BV
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Optima Batteries Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Saft Groupe SA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Trojan Battery Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- VARTA AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Vetus BV
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Victron Energy BV
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Yuasa Battery Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Leoch Battery Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- MK Battery
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- NorthStar Battery Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Rolls Battery Engineering
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
9. Section
- Research Methodology
- About us