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
- Leclanche
- 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
- 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.
Table of Contents
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 Leclanche
- 7.4.1 Leclanche Company Information
- 7.4.2 Leclanche Introduction and Business Overview
- 7.4.3 Leclanche Offshore Energy Storage Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Leclanche Offshore Energy Storage Product Offerings
- 7.4.5 Leclanche 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