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Marine Powerboats Batteries Market size is set to grow by USD 1.81 billion from 2024-2028, rising demand for recreational boating to boost the market growth, Technavio

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NEW YORK, June 18, 2024 /PRNewswire/ — The global marine powerboats batteries market size is estimated to grow by USD 1.81 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.09%  during the forecast period.  Rising demand for recreational boating is driving market growth, with a trend towards emergence of AGM batteries. However, hazards of lithium-ion-powered batteries poses a challenge. Key market players include Brunswick Corp., C and D Technologies Inc., CLARIOS LLC, Corvus Energy, East Penn Manufacturing Co. Inc., Electric Fuel, Energy Solutions UK Ltd., EnerSys, Exide Technologies, GS Yuasa International Ltd., Guang Dong Fullriver Industry Co. Ltd., Johnson Controls International Plc., JYC Battery Manufacturer Co. Ltd., Kabra Extrusion Technik Ltd., Lifeline Batteries Inc., SEC Group, Staab Battery Manufacturing Co. Inc., Surrette Battery Co. Ltd., TotalEnergies SE, and Victron Energy BV.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Battery Type (Lithium-ion, Absorbent glass mat, and Lead-acid), Application (Outboard, Sterndrive, and Inboard), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Brunswick Corp., C and D Technologies Inc., CLARIOS LLC, Corvus Energy, East Penn Manufacturing Co. Inc., Electric Fuel, Energy Solutions UK Ltd., EnerSys, Exide Technologies, GS Yuasa International Ltd., Guang Dong Fullriver Industry Co. Ltd., Johnson Controls International Plc., JYC Battery Manufacturer Co. Ltd., Kabra Extrusion Technik Ltd., Lifeline Batteries Inc., SEC Group, Staab Battery Manufacturing Co. Inc., Surrette Battery Co. Ltd., TotalEnergies SE, and Victron Energy BV

Key Market Trends Fueling Growth

Marine powerboats require reliable batteries for engine starting and electrical power. Lead-acid batteries are cost-effective but require frequent maintenance and have a shorter lifespan. Lithium-ion batteries offer longer life and are maintenance-free but are volatile and expensive. Absorbed Glass Mat (AGM) batteries, an alternative, are spill-proof, longer-lasting, and less expensive than lithium-ion batteries. The emergence of AGM batteries will drive growth in the marine powerboats batteries market. 

The marine powerboats battery market is experiencing significant growth due to the increasing demand for efficient and reliable power sources. The use of advanced technologies such as lithium-ion batteries is becoming more common in this industry. These batteries offer longer runtimes, faster charging times, and improved safety compared to traditional lead-acid batteries. Additionally, the trend towards larger and more complex marine systems is driving up battery capacity requirements. Furthermore, regulations mandating the use of cleaner and quieter power sources are also boosting the market. Overall, the marine powerboats battery market is expected to continue growing in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The marine powerboats batteries market is driven by the adoption of lightweight lithium-ion batteries in high-performance boats. Emirates New Zealand’s use of Mastervolt MLI 24/160 batteries offers significant weight reduction and improved power capabilities. However, the volatile nature of lithium-ion batteries poses a fire hazard risk, particularly during heavy engine loads. OEMs have addressed this issue in the automotive sector through product recalls. Yet, the marine industry has yet to fully address this concern, which may hinder market growth during the forecast period.The Marine Powerboats Batteries market faces several challenges. One major challenge is the need for long-lasting and high-performance batteries to power these vessels. The use of advanced technologies like lithium-ion batteries is increasing, but their high cost and safety concerns remain. Another challenge is the growing demand for eco-friendly batteries, as marine powerboats contribute significantly to carbon emissions. The complexities of marine environments, such as extreme temperatures and saltwater corrosion, also pose challenges for battery manufacturers. Additionally, regulatory requirements for safety and environmental standards add to the market’s complexity. Overall, the Marine Powerboats Batteries market requires innovative solutions to address these challenges and meet the evolving needs of the industry.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This marine powerboats batteries market report extensively covers market segmentation by

Battery Type1.1 Lithium-ion1.2 Absorbent glass mat1.3 Lead-acidApplication 2.1 Outboard2.2 Sterndrive2.3 InboardGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Lithium-ion-  Lithium-ion batteries offer several advantages for marine powerboats, including lighter weight, smaller size, faster charging, longer cycle life, and higher power output. These benefits lead to improved boat performance, such as increased speed, better fuel efficiency, and enhanced handling characteristics. The global marine powerboats batteries market is expected to grow due to the rising adoption of lithium-ion batteries, which provide a more compact and efficient energy storage solution.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Marine Powerboats Batteries Market encompasses the production, consumption, and sale of electrical devices that convert chemical energy into electrical energy for marine applications. These batteries are subjected to various conditions, including vibration, shock, tilt, sway, and ambient temperature, which necessitate their robust design for use in harsh marine environments. Core manufacturers produce batteries for various sectors, such as maritime trade volumes, commercial vessels, and water sports, catering to leisure activities and marine freight transportation. Electric propulsion systems, driven by the increasing demand for lightweight and efficient solutions, are a significant growth area for this market. Quantitative analysis of market trends can be obtained from sources like Eurostat and Vision Marine, providing insights into the evolving landscape of the Marine Powerboats Batteries Market.

Market Research Overview

The Marine Powerboats Batteries market encompasses the production, supply, and usage of batteries specifically designed for powering marine powerboats. These batteries are essential for starting the engine and providing power for onboard systems and appliances. The market is driven by the increasing demand for recreational boating and commercial marine applications. The batteries used in marine powerboats must meet specific requirements, such as being resistant to corrosion, able to withstand extreme temperatures, and providing high power output. The market for marine powerboats batteries is expected to grow due to the rising popularity of electric and hybrid marine powerboats, which require large battery capacity. The market also faces challenges such as the high cost of lithium-ion batteries and the need for safe disposal of used batteries. The market for marine powerboats batteries is a dynamic and evolving industry, with ongoing research and development focused on improving battery technology and increasing efficiency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Battery TypeLithium-ionAbsorbent Glass MatLead-acidApplicationOutboardSterndriveInboardGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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How President Xi Jinping Has Charted the Course for Boosting China’s Strength in Finance: Nurturing a Financial Culture with Chinese Characteristics

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BEIJING, Nov. 3, 2026 /PRNewswire/ — A news report from en.qstheory.cn:

Boosting strength in finance requires us to enhance not only China’s hard power but also its soft power. With an outstanding financial culture, we can shape the values that orient the financial sector, create internal incentives and constraints, and provide the moral foundations for the law and supervision. In this regard, President Xi Jinping has stressed the need to operate in an honest and trustworthy way and never cross the line; to prioritize the greater good in the pursuit of interests, rather than placing self-interest above all else; to adopt a steady and prudent approach and resist the urge to recklessly seek quick gains; to uphold fundamental principles while breaking new ground and ensure finance does not become decoupled from the real economy; and to uphold the law, ensure regulatory compliance, and refrain from misconduct. These requirements not only draw on the essence of traditional Chinese culture, but also articulate the philosophy underpinning modern finance.

Honesty is the lifeblood of finance. Since its advent, finance has been intrinsically tied to trust. China’s commercial traditions have long placed a premium on honoring one’s commitments. The requirement to operate in an honest and trustworthy way and never cross the line aims to turn the pursuit of honesty into a binding code of conduct that spans all dimensions of financial activity and ensure that financial institutions and practitioners consciously honor their commitments. In this way, the spirit of the contract, market rules, and professional ethics will become conscious norms throughout the financial sector, leaving no room for fraud or breaches of trust.

Properly managing the relationship between principle and profit is the linchpin for balancing the dual nature of finance. While capital is inherently profit-seeking, it must adhere to the baseline requirement of upholding principle. Finance is both functional and profit-driven in nature. The unique wisdom of Chinese culture lies in valuing both principle and profit, while placing greater emphasis on the former. At its core, the requirement to prioritize the greater good in the pursuit of interests aims to ensure that the pursuit of profit gives way to the functional role of finance. Financial activities must remain anchored in the overriding goals of enhancing the efficiency of the real economy and improving public wellbeing. The financial sector must fulfill its social responsibilities and develop symbiotically with the economy, society, and the environment.

Prudence can be thought of as an “immune system” preventing the spread of risk. As finance carries risk in its very DNA and has the effect of amplifying leverage, the reckless pursuit of quick gains must be avoided at all costs in the financial sector. So-called innovation and growth pursued without sufficient prudence will ultimately backfire. A steady and prudent approach must therefore become an innate part of the self-discipline and conscious practice guiding the sector. Institutions must cultivate the correct perspectives on operations, performance, and risk management. They need to strike the right balance between stability and progress, between short-term and long-term development, and between development and security, all aimed at steady and sustainable high-quality development.

*This is an excerpt from an article titled “How President Xi Jinping Has Charted the Course for Boosting China’s Strength in Finance” by Qiushi Editorial Department published in Qiushi Journal, English edition, No. 2, 2026. Full text: https://en.qstheory.cn/2026-05/25/c_1184007.htm 

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SOURCE en.qstheory.cn

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Mashreq launches generative AI capabilities to strengthen fraud risk management with Clari5

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BENGALURU, India, Nov. 3, 2026 /PRNewswire/ — Mashreq, a leading financial institution in the MENA region, has launched new generative AI capabilities within its fraud platform in collaboration with Clari5 – A Perfios Company. The move brings tangible benefits across three priority areas: enhancing fraud detection effectiveness, improving analyst productivity, and supporting stronger investigative decision-making.

Announced at Mashreq’s Innovation Hub in Dubai in the presence of senior leadership from both organizations, the launch demonstrates how generative AI can be applied within a banking environment to complement the expertise and judgement of fraud professionals.

Ahmed Abdelaal, Group Chief Executive Officer at Mashreq, said: “In an increasingly digital financial landscape, fraud is becoming more sophisticated, and the way banks respond must adapt accordingly. At Mashreq, we are committed to implementing AI responsibly in areas where it can have a meaningful impact, strengthening the resilience of our operations and the trust our customers place in us.”

Nitin Chugh, MD and Group CEO, Perfios, said: “Our collaboration with Mashreq demonstrates how generative AI can help banks tackle the growing complexity of financial crime by bringing together disparate information, accelerating investigations and enabling better-informed decisions. The goal is to augment investigators’ expertise, not automate judgement, while ensuring AI operates with the rigour and accountability that financial crime management demands.”

Rivi Varghese, Co-Founder and CEO, Clari5, said: “Banks don’t need AI that acts on its own. They need AI they can govern by their own rules. Clari5 has shown how AI can operate on-premises inside a bank’s own environment, grounded in the bank’s context, and remain auditable, explainable and under human control. We are proud to have gone live with Mashreq and set an example of how enterprise-grade AI should operate in managing financial crime.”

Rania Nerhal, Group Chief Client Experience & Conduct Officer at Mashreq, said: “The value of generative AI lies in its ability to help us interpret relevant information and respond to emerging risks with greater speed, consistency, efficiency, and precision. This launch is part of our continued investment in deploying the latest technology to evolve our fraud risk management framework.”

Developed through the ongoing collaboration between Mashreq and Clari5, the new capabilities further strengthen the bank’s fraud detection platform. They are designed to deliver two key benefits:

Seamless customer experience: Supporting faster, more consistent, and more effective fraud detection.Greater consumer trust: Reinforcing confidence in the bank’s ability to protect customers and respond to emerging risks.

About Mashreq:

Mashreq is a leading financial institution headquartered in Dubai, serving individuals, entrepreneurs, corporates, and institutions across the UAE and key regional and international markets. With a heritage spanning nearly six decades, Mashreq combines digital-first innovation with deep relationship banking across retail banking, corporate and investment banking, global markets, transaction banking, Islamic banking, wealth management, and treasury. The bank delivers secure, advanced, and customer-centric experiences while actively driving the transition toward a sustainable economy. Through a robust Environmental, Social, and Governance (ESG) framework, Mashreq is committed to facilitating sustainable finance, fostering responsible operations, and delivering positive societal impact.

With an extensive international footprint spanning the UAE, Oman, Qatar, Kuwait, Bahrain, Egypt, Pakistan, Türkiye, India, the UK, the US, and Hong Kong, Mashreq seamlessly connects regional businesses with global markets while maintaining deep local expertise.

Guided by its core purpose to help customers Rise Every Day, Mashreq partners with clients to navigate change, unlock sustainable growth opportunities, and achieve long-term success.

For more information, please visit: www.mashreq.com

About Clari5:

Clari5 – A Perfios Company, is the leading provider of real-time financial crime management platforms for banks, insurance companies, telcos and other financial institutions worldwide. Powered by AI-native capabilities, Clari5 helps detect, prevent, report and investigate financial crime in real time. Trusted by 80+ banks across 30+ countries for over two decades, Clari5 unifies fraud and AML on a single platform. It processes 12+ billion transactions every month and protects more than 1 billion accounts. Clari5 is part of the Perfios group, India’s largest B2B SaaS TechFin, serving over 1,000 financial institutions across 18 countries. To know more, visit www.clari5.com.

 

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RedotPay Deepens Hong Kong Investment as OASES Strategic Enterprise Partner

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RedotPay is investing in global talent in Hong Kong to scale the city’s stablecoin payments industry and entrepreneurial ecosystem

HONG KONG, Nov. 3, 2026 /PRNewswire/ — RedotPay, a global stablecoin-based payments fintech company, has expanded its hiring and infrastructure presence in Hong Kong. The company is part of the Office for Attracting Strategic Enterprises (OASES) program and has received OASES support since being included in its strategic enterprise cohort in April 2026.

RedotPay, which serves over nine million users across more than 100 countries, has worked alongside OASES to strengthen Hong Kong’s stablecoin payments industry and entrepreneurial landscape, directing significant investment toward local infrastructure and talent.

RedotPay has added more than 125 employees in Hong Kong since 2025, recently expanding its office in Central and establishing a research and development (R&D) center in Hong Kong-Shenzhen Innovation and Technology Park with the support of OASES.

RedotPay is one of the OASES strategic enterprises exhibiting at Hong Kong FinTech Week, where it is engaging with public and private sector stakeholders and showcasing its future investment plans in Hong Kong.

Established by the Hong Kong SAR Government in 2022, OASES supports the growth of high-potential companies like RedotPay to cement the city’s position as a leader in financial technology and digital assets. To date, OASES has attracted 142 strategic enterprises, which are expected to invest HK$84 billion and create around 27,000 jobs in the coming years.

“Hong Kong has become one of the world’s foremost centers of financial innovation, and we are committed to working with OASES to strengthen its position as a leading hub for the stablecoin payments industry,” said Michael Gao, co-founder and CEO of RedotPay. “Going forward, we plan to invest further in talent and infrastructure here in Hong Kong to better serve our users around the world.”

“We are pleased that RedotPay has joined the OASES cohort, with Hong Kong serving as its headquarters and R&D center. We look forward to continuing our support for RedotPay’s development and to working with partners across the ecosystem,” said Bryan Peng, Executive Director of OASES. “Its investment in local R&D and talent strengthens the digital asset ecosystem here and shows how Hong Kong can serve as a launchpad for companies with global ambitions. We look forward to continuing to support the company’s growth.”

About RedotPay

RedotPay is a global stablecoin-based payment fintech that integrates blockchain solutions with traditional banking and finance infrastructures. Its intuitive platform empowers millions around the world to spend and send digital assets, ensuring faster, more accessible, and inclusive financial services. RedotPay advances financial inclusion for the unbanked and supports crypto enthusiasts, driving global adoption of secure and flexible stablecoin-powered financial solutions to bring crypto to real life. For more information, visit www.redotpay.com.

About OASES

The Office for Attracting Strategic Enterprises (OASES) is a dedicated HKSAR Government agency—operating directly under the Financial Secretary—established to attract high-potential and representative strategic enterprises from around the globe to set up or expand operations in Hong Kong.

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