The Market Reports

Synopsis
The global market for Offshore Energy Storage was estimated to be worth US$ 173 million in 2024 and is forecast to a readjusted size of US$ 383 million by 2031 with a CAGR of 12.8% during the forecast period 2025-2031.

his report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Offshore Energy Storage cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Offshore energy storage is an integrated battery-based solution used on ships and marine vessels to store electrical energy for various applications, including propulsion, auxiliary systems, peak shaving, and emergency backup.

The market potential for offshore Energy Storage Systems is rapidly accelerating as the maritime and offshore energy sectors aggressively pursue decarbonization, fuel efficiency, and operational optimization goals, with hybrid and fully electric power solutions becoming essential components of vessel design and retrofit strategies, especially for offshore support vessels (OSVs), platform supply vessels (PSVs), drillships, floating production storage and offloading units (FPSOs), and crew transfer vessels (CTVs) operating in emission-regulated zones and dynamic positioning (DP) environments, where battery storage systems reduce fuel consumption, lower maintenance costs, support peak shaving, enhance redundancy, and enable zero-emission maneuvering, and with growing pressure from charterers, regulators (IMO, EU Fit for 55, local port authorities), and financial stakeholders to demonstrate emissions compliance through Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) ratings, offshore vessel owners and operators are increasingly adopting VESS to meet both environmental and economic performance standards, while offshore wind expansion in Europe, Asia-Pacific, and North America is creating additional demand for clean CTVs and SOVs powered by advanced lithium-ion or hybrid battery systems, supported by major players like Corvus Energy, Siemens, and Saft, who are providing scalable, modular, and DNV/ABS-certified ESS solutions optimized for maritime integration, and as renewable energy infrastructure moves further offshore and operational uptime becomes more critical, energy storage systems offer enhanced load management, black start capability, and smart integration with alternative fuels like hydrogen and ammonia.

This report aims to provide a comprehensive presentation of the global market for Offshore Energy Storage, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Offshore Energy Storage by region & country, by Type, and by Application.

The Offshore Energy Storage market size, estimations, and forecasts are provided in terms of sales volume (MWh) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Offshore Energy Storage.

Market Segmentation

By Company

• Corvus
• SAFT
• EST-Floattech
• Leclanché
• MG
• ZEM AS
• Magnus Marin
• Siemens

Segment by Type

• Less than 1MWh
• 1-3MWh
• More than 3MWh

Segment by Application

• Cruise and Ferry
• Offshore Vessel
• Merchant
• Others

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.