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The US Marine Battery market growth is driven by advances in battery technology, growing environmental awareness and government initiatives.
The US Marine Battery market report thoroughly covers the market by ship type, by sales channel and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
According to 6Wresearch, US Marine Battery market size is projected to grow at a CAGR of 12.4% during 2024-2030. The expansion of the leisure industry, advances in battery technology, growing environmental awareness, government initiatives, and regulations, and the increase in marine commercial activities have all contributed to the growth of this market.
The Marine batteries are essential components of any boat, providing power for a wide range of onboard appliances and accessories. The US Marine Battery Market is a booming industry worth billions annually. This industry is driven by the demand from OEMs, aftermarket vendors, and other sales channels. Further, the US Marine Battery Market has a high demand from Original Equipment Manufacturers (OEMs) who are continuously under pressure to improve the battery life of boats. OEMs mostly require high-performance batteries that can perform a variety of functions onboard. These batteries used to be a popular feature of new boats, but their popularity has diminished significantly in recent years. OEMs mostly resort to basic batteries to cut down costs without compromising quality and performance. One of the most significant OEM manufacturers in the US is Johnson Controls.
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