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.
This 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
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Offshore Energy Storage manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Offshore Energy Storage in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Offshore Energy Storage in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index