Offshore Energy Storage Market Set for Outstanding Growth with Latest Innovations - Detailed Forecast 2025-2031

Market Summary -

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.

Accourding to QY Research has released a new publication titled "Global Offshore Energy Storage Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Offshore Energy Storage industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

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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.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Offshore Energy Storage market:

Key Growth Drivers -

- Supportive policy frameworks and regulatory reforms
- Advancement in product innovation and technological breakthroughs
- Growing demand in emerging application areas
- Shift in global supply chain structures

Restraints & Challenges -

- Regulatory uncertainties
- Competitive pricing pressures
- Operational risks
- Market-entry barriers

Market Segmentation and Regional -

By Type

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

By Application

Cruise and Ferry
Offshore Vessel
Merchant
Others

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

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

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Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Offshore Energy Storage report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Offshore Energy Storage market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Offshore Energy Storage market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Offshore Energy Storage market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Offshore Energy Storage market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Offshore Energy Storage market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Offshore Energy Storage Product Introduction
1.2 Global Offshore Energy Storage Market Size Forecast
1.2.1 Global Offshore Energy Storage Sales Value (2020-2031)
1.2.2 Global Offshore Energy Storage Sales Volume (2020-2031)
1.2.3 Global Offshore Energy Storage Sales Price (2020-2031)
1.3 Offshore Energy Storage Market Trends & Drivers
1.3.1 Offshore Energy Storage Industry Trends
1.3.2 Offshore Energy Storage Market Drivers & Opportunity
1.3.3 Offshore Energy Storage Market Challenges
1.3.4 Offshore Energy Storage Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Offshore Energy Storage Players Revenue Ranking (2024)
2.2 Global Offshore Energy Storage Revenue by Company (2020-2025)
2.3 Global Offshore Energy Storage Players Sales Volume Ranking (2024)
2.4 Global Offshore Energy Storage Sales Volume by Company Players (2020-2025)
2.5 Global Offshore Energy Storage Average Price by Company (2020-2025)
2.6 Key Manufacturers Offshore Energy Storage Manufacturing Base and Headquarters
2.7 Key Manufacturers Offshore Energy Storage Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Offshore Energy Storage
2.9 Offshore Energy Storage Market Competitive Analysis
2.9.1 Offshore Energy Storage Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Offshore Energy Storage Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Offshore Energy Storage as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Less than 1MWh
3.1.2 1-3MWh
3.1.3 More than 3MWh
3.2 Global Offshore Energy Storage Sales Value by Type
3.2.1 Global Offshore Energy Storage Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Offshore Energy Storage Sales Value, by Type (2020-2031)
3.2.3 Global Offshore Energy Storage Sales Value, by Type (%) (2020-2031)
3.3 Global Offshore Energy Storage Sales Volume by Type
3.3.1 Global Offshore Energy Storage Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Offshore Energy Storage Sales Volume, by Type (2020-2031)
3.3.3 Global Offshore Energy Storage Sales Volume, by Type (%) (2020-2031)
3.4 Global Offshore Energy Storage Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Cruise and Ferry
4.1.2 Offshore Vessel
4.1.3 Merchant
4.1.4 Others
4.2 Global Offshore Energy Storage Sales Value by Application
4.2.1 Global Offshore Energy Storage Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Offshore Energy Storage Sales Value, by Application (2020-2031)
4.2.3 Global Offshore Energy Storage Sales Value, by Application (%) (2020-2031)
4.3 Global Offshore Energy Storage Sales Volume by Application
4.3.1 Global Offshore Energy Storage Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Offshore Energy Storage Sales Volume, by Application (2020-2031)
4.3.3 Global Offshore Energy Storage Sales Volume, by Application (%) (2020-2031)
4.4 Global Offshore Energy Storage Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Offshore Energy Storage Sales Value by Region
5.1.1 Global Offshore Energy Storage Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Offshore Energy Storage Sales Value by Region (2020-2025)
5.1.3 Global Offshore Energy Storage Sales Value by Region (2026-2031)
5.1.4 Global Offshore Energy Storage Sales Value by Region (%), (2020-2031)
5.2 Global Offshore Energy Storage Sales Volume by Region
5.2.1 Global Offshore Energy Storage Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Offshore Energy Storage Sales Volume by Region (2020-2025)
5.2.3 Global Offshore Energy Storage Sales Volume by Region (2026-2031)
5.2.4 Global Offshore Energy Storage Sales Volume by Region (%), (2020-2031)
5.3 Global Offshore Energy Storage Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Offshore Energy Storage Sales Value, 2020-2031
5.4.2 North America Offshore Energy Storage Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Offshore Energy Storage Sales Value, 2020-2031
5.5.2 Europe Offshore Energy Storage Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Offshore Energy Storage Sales Value, 2020-2031
5.6.2 Asia Pacific Offshore Energy Storage Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Offshore Energy Storage Sales Value, 2020-2031
5.7.2 South America Offshore Energy Storage Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Offshore Energy Storage Sales Value, 2020-2031
5.8.2 Middle East & Africa Offshore Energy Storage Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Offshore Energy Storage Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Offshore Energy Storage Sales Value and Sales Volume
6.2.1 Key Countries/Regions Offshore Energy Storage Sales Value, 2020-2031
6.2.2 Key Countries/Regions Offshore Energy Storage Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Offshore Energy Storage Sales Value, 2020-2031
6.3.2 United States Offshore Energy Storage Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Offshore Energy Storage Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Offshore Energy Storage Sales Value, 2020-2031
6.4.2 Europe Offshore Energy Storage Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Offshore Energy Storage Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Offshore Energy Storage Sales Value, 2020-2031
6.5.2 China Offshore Energy Storage Sales Value by Type (%), 2024 VS 2031
6.5.3 China Offshore Energy Storage Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Offshore Energy Storage Sales Value, 2020-2031
6.6.2 Japan Offshore Energy Storage Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Offshore Energy Storage Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Offshore Energy Storage Sales Value, 2020-2031
6.7.2 South Korea Offshore Energy Storage Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Offshore Energy Storage Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Offshore Energy Storage Sales Value, 2020-2031
6.8.2 Southeast Asia Offshore Energy Storage Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Offshore Energy Storage Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Offshore Energy Storage Sales Value, 2020-2031
6.9.2 India Offshore Energy Storage Sales Value by Type (%), 2024 VS 2031
6.9.3 India Offshore Energy Storage Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Corvus
7.1.1 Corvus Company Information
7.1.2 Corvus Introduction and Business Overview
7.1.3 Corvus Offshore Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Corvus Offshore Energy Storage Product Offerings
7.1.5 Corvus Recent Development
7.2 SAFT
7.2.1 SAFT Company Information
7.2.2 SAFT Introduction and Business Overview
7.2.3 SAFT Offshore Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 SAFT Offshore Energy Storage Product Offerings
7.2.5 SAFT Recent Development
7.3 EST-Floattech
7.3.1 EST-Floattech Company Information
7.3.2 EST-Floattech Introduction and Business Overview
7.3.3 EST-Floattech Offshore Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 EST-Floattech Offshore Energy Storage Product Offerings
7.3.5 EST-Floattech Recent Development
7.4 Leclanché
7.4.1 Leclanché Company Information
7.4.2 Leclanché Introduction and Business Overview
7.4.3 Leclanché Offshore Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Leclanché Offshore Energy Storage Product Offerings
7.4.5 Leclanché Recent Development
7.5 MG
7.5.1 MG Company Information
7.5.2 MG Introduction and Business Overview
7.5.3 MG Offshore Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 MG Offshore Energy Storage Product Offerings
7.5.5 MG Recent Development
7.6 ZEM AS
7.6.1 ZEM AS Company Information
7.6.2 ZEM AS Introduction and Business Overview
7.6.3 ZEM AS Offshore Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 ZEM AS Offshore Energy Storage Product Offerings
7.6.5 ZEM AS Recent Development
7.7 Magnus Marin
7.7.1 Magnus Marin Company Information
7.7.2 Magnus Marin Introduction and Business Overview
7.7.3 Magnus Marin Offshore Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Magnus Marin Offshore Energy Storage Product Offerings
7.7.5 Magnus Marin Recent Development
7.8 Siemens
7.8.1 Siemens Company Information
7.8.2 Siemens Introduction and Business Overview
7.8.3 Siemens Offshore Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Siemens Offshore Energy Storage Product Offerings
7.8.5 Siemens Recent Development
8 Industry Chain Analysis
8.1 Offshore Energy Storage Industrial Chain
8.2 Offshore Energy Storage Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Offshore Energy Storage Sales Model
8.5.2 Sales Channel
8.5.3 Offshore Energy Storage Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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