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The Role of Energy Storage in Decarbonizing Marine Logistics

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The global battery pack for marine hybrid & full electric propulsion market was valued at US$ 977.6 million in 2023, and is projected to grow at a CAGR of 8.7% from 2024 to 2034, reaching a market size of US$ 2.4 billion by the end of the forecast period. This growth reflects a broader industry transition toward sustainable marine operations and reduced reliance on fossil fuels. https://www.transparencymarketresearch.com/battery-pack-market-for-hybrid-and-full-electric-marine-propulsion.html

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