Vessel Energy Storage System Market Current Trends, Business Landscape and Opportunity Forecast to 2031 | At a CAGR of 12.8%

Market Summary -

The global market for Vessel Energy Storage System was estimated to be worth US$ 165 million in 2024 and is forecast to a readjusted size of US$ 372 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 Vessel Energy Storage System Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Vessel Energy Storage System 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.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/energy-power-vessel-energy-storage-system-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

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

A Vessel Energy Storage System (VESS) refers to an energy storage solution designed for use in ships, boats, or other marine vessels. It is used to store electrical energy for various purposes, such as powering onboard systems, improving fuel efficiency, and reducing emissions. These systems are typically based on technologies like batteries or capacitors, which store energy and release it as needed to support the vessel's operations.

With a growing focus on sustainability, shipping companies and offshore energy projects are exploring VESS solutions. These systems can store energy produced by offshore wind farms or act as backup power sources for vessels and remote installations.

Recent advancements in battery technologies, such as solid-state and flow batteries, are improving the efficiency and scalability of VESS, making them more attractive for large-scale applications.

Many governments are encouraging the adoption of energy storage technologies through incentives, regulatory frameworks, and mandates that promote renewable energy integration. The maritime and offshore sectors are also receiving growing support for sustainable technologies.

Several large players, traditionally outside the energy storage space, are entering the VESS market. These include: -

General Electric (GE): GE has expanded its focus to include energy storage and has been involved in various projects integrating storage with renewable energy systems, including offshore wind farms.

Siemens Energy: Siemens is investing heavily in energy storage solutions, particularly in renewable energy applications. Its expertise in industrial energy management and offshore wind power positions it well for VESS projects.

ABB: ABB is involved in several grid-related energy storage projects, including marine-based energy storage, and is positioning itself to leverage VESS technologies for grid stabilization.

Recent Developments -

The authors of the report have put forward recent developments by key participants. Other strategic activities by manufacturers such as M&A, joint ventures, collaborations, innovation, product offerings, and research and development activities are highlighted in this research study. This will keep the users up-to-date about the undertakings and give the users a crystal-clear understanding of the key advancements emerging in the business.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Vessel Energy Storage System 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

Lithium Battery System
Lead-Acid Battery System
Others

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
MG Energy Systems
ZEM AS
Leclanché
Magnus Marin
Siemens
Nidec Conversion
GE Power Conversion
Kongsberg Maritime
ABB
RoyPow
SAVe Energy
Spear Power Systems
Echandia
OceanPlanet Energy
Shift Clean Energy
Furukawa Battery
EVE
PowerX

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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 Vessel Energy Storage System 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 Vessel Energy Storage System 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 Vessel Energy Storage System market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Vessel Energy Storage System 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 Vessel Energy Storage System market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Vessel Energy Storage System 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 Vessel Energy Storage System Product Introduction
1.2 Global Vessel Energy Storage System Market Size Forecast
1.2.1 Global Vessel Energy Storage System Sales Value (2020-2031)
1.2.2 Global Vessel Energy Storage System Sales Volume (2020-2031)
1.2.3 Global Vessel Energy Storage System Sales Price (2020-2031)
1.3 Vessel Energy Storage System Market Trends & Drivers
1.3.1 Vessel Energy Storage System Industry Trends
1.3.2 Vessel Energy Storage System Market Drivers & Opportunity
1.3.3 Vessel Energy Storage System Market Challenges
1.3.4 Vessel Energy Storage System Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Vessel Energy Storage System Players Revenue Ranking (2024)
2.2 Global Vessel Energy Storage System Revenue by Company (2020-2025)
2.3 Global Vessel Energy Storage System Players Sales Volume Ranking (2024)
2.4 Global Vessel Energy Storage System Sales Volume by Company Players (2020-2025)
2.5 Global Vessel Energy Storage System Average Price by Company (2020-2025)
2.6 Key Manufacturers Vessel Energy Storage System Manufacturing Base and Headquarters
2.7 Key Manufacturers Vessel Energy Storage System Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Vessel Energy Storage System
2.9 Vessel Energy Storage System Market Competitive Analysis
2.9.1 Vessel Energy Storage System Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Vessel Energy Storage System Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Vessel Energy Storage System as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Lithium Battery System
3.1.2 Lead-Acid Battery System
3.1.3 Others
3.2 Global Vessel Energy Storage System Sales Value by Type
3.2.1 Global Vessel Energy Storage System Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Vessel Energy Storage System Sales Value, by Type (2020-2031)
3.2.3 Global Vessel Energy Storage System Sales Value, by Type (%) (2020-2031)
3.3 Global Vessel Energy Storage System Sales Volume by Type
3.3.1 Global Vessel Energy Storage System Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Vessel Energy Storage System Sales Volume, by Type (2020-2031)
3.3.3 Global Vessel Energy Storage System Sales Volume, by Type (%) (2020-2031)
3.4 Global Vessel Energy Storage System 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 Vessel Energy Storage System Sales Value by Application
4.2.1 Global Vessel Energy Storage System Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Vessel Energy Storage System Sales Value, by Application (2020-2031)
4.2.3 Global Vessel Energy Storage System Sales Value, by Application (%) (2020-2031)
4.3 Global Vessel Energy Storage System Sales Volume by Application
4.3.1 Global Vessel Energy Storage System Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Vessel Energy Storage System Sales Volume, by Application (2020-2031)
4.3.3 Global Vessel Energy Storage System Sales Volume, by Application (%) (2020-2031)
4.4 Global Vessel Energy Storage System Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Vessel Energy Storage System Sales Value by Region
5.1.1 Global Vessel Energy Storage System Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Vessel Energy Storage System Sales Value by Region (2020-2025)
5.1.3 Global Vessel Energy Storage System Sales Value by Region (2026-2031)
5.1.4 Global Vessel Energy Storage System Sales Value by Region (%), (2020-2031)
5.2 Global Vessel Energy Storage System Sales Volume by Region
5.2.1 Global Vessel Energy Storage System Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Vessel Energy Storage System Sales Volume by Region (2020-2025)
5.2.3 Global Vessel Energy Storage System Sales Volume by Region (2026-2031)
5.2.4 Global Vessel Energy Storage System Sales Volume by Region (%), (2020-2031)
5.3 Global Vessel Energy Storage System Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Vessel Energy Storage System Sales Value, 2020-2031
5.4.2 North America Vessel Energy Storage System Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Vessel Energy Storage System Sales Value, 2020-2031
5.5.2 Europe Vessel Energy Storage System Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Vessel Energy Storage System Sales Value, 2020-2031
5.6.2 Asia Pacific Vessel Energy Storage System Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Vessel Energy Storage System Sales Value, 2020-2031
5.7.2 South America Vessel Energy Storage System Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Vessel Energy Storage System Sales Value, 2020-2031
5.8.2 Middle East & Africa Vessel Energy Storage System Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Vessel Energy Storage System Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Vessel Energy Storage System Sales Value and Sales Volume
6.2.1 Key Countries/Regions Vessel Energy Storage System Sales Value, 2020-2031
6.2.2 Key Countries/Regions Vessel Energy Storage System Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Vessel Energy Storage System Sales Value, 2020-2031
6.3.2 United States Vessel Energy Storage System Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Vessel Energy Storage System Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Vessel Energy Storage System Sales Value, 2020-2031
6.4.2 Europe Vessel Energy Storage System Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Vessel Energy Storage System Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Vessel Energy Storage System Sales Value, 2020-2031
6.5.2 China Vessel Energy Storage System Sales Value by Type (%), 2024 VS 2031
6.5.3 China Vessel Energy Storage System Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Vessel Energy Storage System Sales Value, 2020-2031
6.6.2 Japan Vessel Energy Storage System Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Vessel Energy Storage System Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Vessel Energy Storage System Sales Value, 2020-2031
6.7.2 South Korea Vessel Energy Storage System Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Vessel Energy Storage System Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Vessel Energy Storage System Sales Value, 2020-2031
6.8.2 Southeast Asia Vessel Energy Storage System Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Vessel Energy Storage System Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Vessel Energy Storage System Sales Value, 2020-2031
6.9.2 India Vessel Energy Storage System Sales Value by Type (%), 2024 VS 2031
6.9.3 India Vessel Energy Storage System 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 Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Corvus Vessel Energy Storage System 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 Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 SAFT Vessel Energy Storage System 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 Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 EST-Floattech Vessel Energy Storage System Product Offerings
7.3.5 EST-Floattech Recent Development
7.4 MG Energy Systems
7.4.1 MG Energy Systems Company Information
7.4.2 MG Energy Systems Introduction and Business Overview
7.4.3 MG Energy Systems Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 MG Energy Systems Vessel Energy Storage System Product Offerings
7.4.5 MG Energy Systems Recent Development
7.5 ZEM AS
7.5.1 ZEM AS Company Information
7.5.2 ZEM AS Introduction and Business Overview
7.5.3 ZEM AS Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 ZEM AS Vessel Energy Storage System Product Offerings
7.5.5 ZEM AS Recent Development
7.6 Leclanché
7.6.1 Leclanché Company Information
7.6.2 Leclanché Introduction and Business Overview
7.6.3 Leclanché Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Leclanché Vessel Energy Storage System Product Offerings
7.6.5 Leclanché 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 Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Magnus Marin Vessel Energy Storage System 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 Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Siemens Vessel Energy Storage System Product Offerings
7.8.5 Siemens Recent Development
7.9 Nidec Conversion
7.9.1 Nidec Conversion Company Information
7.9.2 Nidec Conversion Introduction and Business Overview
7.9.3 Nidec Conversion Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Nidec Conversion Vessel Energy Storage System Product Offerings
7.9.5 Nidec Conversion Recent Development
7.10 GE Power Conversion
7.10.1 GE Power Conversion Company Information
7.10.2 GE Power Conversion Introduction and Business Overview
7.10.3 GE Power Conversion Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 GE Power Conversion Vessel Energy Storage System Product Offerings
7.10.5 GE Power Conversion Recent Development
7.11 Kongsberg Maritime
7.11.1 Kongsberg Maritime Company Information
7.11.2 Kongsberg Maritime Introduction and Business Overview
7.11.3 Kongsberg Maritime Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Kongsberg Maritime Vessel Energy Storage System Product Offerings
7.11.5 Kongsberg Maritime Recent Development
7.12 ABB
7.12.1 ABB Company Information
7.12.2 ABB Introduction and Business Overview
7.12.3 ABB Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 ABB Vessel Energy Storage System Product Offerings
7.12.5 ABB Recent Development
7.13 RoyPow
7.13.1 RoyPow Company Information
7.13.2 RoyPow Introduction and Business Overview
7.13.3 RoyPow Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 RoyPow Vessel Energy Storage System Product Offerings
7.13.5 RoyPow Recent Development
7.14 SAVe Energy
7.14.1 SAVe Energy Company Information
7.14.2 SAVe Energy Introduction and Business Overview
7.14.3 SAVe Energy Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 SAVe Energy Vessel Energy Storage System Product Offerings
7.14.5 SAVe Energy Recent Development
7.15 Spear Power Systems
7.15.1 Spear Power Systems Company Information
7.15.2 Spear Power Systems Introduction and Business Overview
7.15.3 Spear Power Systems Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Spear Power Systems Vessel Energy Storage System Product Offerings
7.15.5 Spear Power Systems Recent Development
7.16 Echandia
7.16.1 Echandia Company Information
7.16.2 Echandia Introduction and Business Overview
7.16.3 Echandia Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Echandia Vessel Energy Storage System Product Offerings
7.16.5 Echandia Recent Development
7.17 OceanPlanet Energy
7.17.1 OceanPlanet Energy Company Information
7.17.2 OceanPlanet Energy Introduction and Business Overview
7.17.3 OceanPlanet Energy Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 OceanPlanet Energy Vessel Energy Storage System Product Offerings
7.17.5 OceanPlanet Energy Recent Development
7.18 Shift Clean Energy
7.18.1 Shift Clean Energy Company Information
7.18.2 Shift Clean Energy Introduction and Business Overview
7.18.3 Shift Clean Energy Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Shift Clean Energy Vessel Energy Storage System Product Offerings
7.18.5 Shift Clean Energy Recent Development
7.19 Furukawa Battery
7.19.1 Furukawa Battery Company Information
7.19.2 Furukawa Battery Introduction and Business Overview
7.19.3 Furukawa Battery Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Furukawa Battery Vessel Energy Storage System Product Offerings
7.19.5 Furukawa Battery Recent Development
7.20 EVE
7.20.1 EVE Company Information
7.20.2 EVE Introduction and Business Overview
7.20.3 EVE Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 EVE Vessel Energy Storage System Product Offerings
7.20.5 EVE Recent Development
7.21 PowerX
7.21.1 PowerX Company Information
7.21.2 PowerX Introduction and Business Overview
7.21.3 PowerX Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 PowerX Vessel Energy Storage System Product Offerings
7.21.5 PowerX Recent Development
8 Industry Chain Analysis
8.1 Vessel Energy Storage System Industrial Chain
8.2 Vessel Energy Storage System 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 Vessel Energy Storage System Sales Model
8.5.2 Sales Channel
8.5.3 Vessel Energy Storage System 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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