SEABAT Report: Market evolution and potential within 5,10, 15 years for different marine applications

The recent worldwide interest on the environmental issue has led to a dramatic increase on the battery use on board different types of vessels. In this context, the main purpose of this document is to identify the current state of the marine battery market and develop a forecast of its evolution with a 15-year horizon.

Therefore, the activity of this task of the SEABAT project is aimed to:

  • identify the current state of the technologies available on the market where, as shown in Figure 43, it can be seen that the NMC LFP and LTO lithium battery technologies are the most used at the moment,
  • identify the current state of the shipping market, represented by the number of units under construction and performing a forecast for the next few years, as proposed in paragraph 6,
  • identify the state of the near innovations for the battery systems and propose a preliminary roadmap of battery development, as shown in Figure 10,
  • Developing a market forecast of the battery market for maritime use with 15 years of time horizon, as summarized from Figure 90 to Figure 95.

From the previous analyses it can be defined how, in order to be competitive with the future market in the next 15 years, it is necessary to develop a standard of battery module for marine use that can meet the needs of different applications. Medium and large-range applications (from 1 MWh upwards) will be the proponent ones on the next market. For this reason, the batteries must guarantee modularity, flexibility and safety such that they can be easily integrated on board different types of ships with different system configurations.

Read more in the full report.