Global Vessel Energy Storage System Market Growth 2025-2031

Publication ID:

LPI01251334

Publication Date:

January 20, 2025

Pages:

155

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

The global Vessel Energy Storage System market size is predicted to grow from US$ 666 million in 2025 to US$ 1135 million in 2031; it is expected to grow at a CAGR of 9.3% from 2025 to 2031.
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.
The 鈥淰essel Energy Storage System Industry Forecast鈥� looks at past sales and reviews total world Vessel Energy Storage System sales in 2024, providing a comprehensive analysis by region and market sector of projected Vessel Energy Storage System sales for 2025 through 2031. With Vessel Energy Storage System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vessel Energy Storage System industry.
This Insight Report provides a comprehensive analysis of the global Vessel Energy Storage System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vessel Energy Storage System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Vessel Energy Storage System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vessel Energy Storage System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vessel Energy Storage System.
This report presents a comprehensive overview, market shares, and growth opportunities of Vessel Energy Storage System market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Lithium Battery System
Lead-Acid Battery System
Others
Segmentation by Application:
Cruise and Ferry
Offshore Vessel
Merchant
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Corvus
SAFT
EST-Floattech
MG Energy Systems
ZEM AS
尝别肠濒补苍肠丑茅
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Vessel Energy Storage System market?
What factors are driving Vessel Energy Storage System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Vessel Energy Storage System market opportunities vary by end market size?
How does Vessel Energy Storage System break out by Type, by Application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Vessel Energy Storage System Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Vessel Energy Storage System by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Vessel Energy Storage System by Country/Region, 2020, 2024 & 2031
2.2 Vessel Energy Storage System Segment by Type
2.2.1 Less than 1MWh
2.2.2 1-3MWh
2.2.3 More than 3MWh
2.3 Vessel Energy Storage System Sales by Type
2.3.1 Global Vessel Energy Storage System Sales Market Share by Type (2020-2025)
2.3.2 Global Vessel Energy Storage System Revenue and Market Share by Type (2020-2025)
2.3.3 Global Vessel Energy Storage System Sale Price by Type (2020-2025)
2.4 Vessel Energy Storage System Segment by Application
2.4.1 Cruise and Ferry
2.4.2 Offshore Vessel
2.4.3 Merchant
2.4.4 Others
2.5 Vessel Energy Storage System Sales by Application
2.5.1 Global Vessel Energy Storage System Sale Market Share by Application (2020-2025)
2.5.2 Global Vessel Energy Storage System Revenue and Market Share by Application (2020-2025)
2.5.3 Global Vessel Energy Storage System Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Vessel Energy Storage System Breakdown Data by Company
3.1.1 Global Vessel Energy Storage System Annual Sales by Company (2020-2025)
3.1.2 Global Vessel Energy Storage System Sales Market Share by Company (2020-2025)
3.2 Global Vessel Energy Storage System Annual Revenue by Company (2020-2025)
3.2.1 Global Vessel Energy Storage System Revenue by Company (2020-2025)
3.2.2 Global Vessel Energy Storage System Revenue Market Share by Company (2020-2025)
3.3 Global Vessel Energy Storage System Sale Price by Company
3.4 Key Manufacturers Vessel Energy Storage System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Vessel Energy Storage System Product Location Distribution
3.4.2 Players Vessel Energy Storage System Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Vessel Energy Storage System by Geographic Region
4.1 World Historic Vessel Energy Storage System Market Size by Geographic Region (2020-2025)
4.1.1 Global Vessel Energy Storage System Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Vessel Energy Storage System Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Vessel Energy Storage System Market Size by Country/Region (2020-2025)
4.2.1 Global Vessel Energy Storage System Annual Sales by Country/Region (2020-2025)
4.2.2 Global Vessel Energy Storage System Annual Revenue by Country/Region (2020-2025)
4.3 Americas Vessel Energy Storage System Sales Growth
4.4 APAC Vessel Energy Storage System Sales Growth
4.5 Europe Vessel Energy Storage System Sales Growth
4.6 Middle East & Africa Vessel Energy Storage System Sales Growth
5 Americas
5.1 Americas Vessel Energy Storage System Sales by Country
5.1.1 Americas Vessel Energy Storage System Sales by Country (2020-2025)
5.1.2 Americas Vessel Energy Storage System Revenue by Country (2020-2025)
5.2 Americas Vessel Energy Storage System Sales by Type (2020-2025)
5.3 Americas Vessel Energy Storage System Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Vessel Energy Storage System Sales by Region
6.1.1 APAC Vessel Energy Storage System Sales by Region (2020-2025)
6.1.2 APAC Vessel Energy Storage System Revenue by Region (2020-2025)
6.2 APAC Vessel Energy Storage System Sales by Type (2020-2025)
6.3 APAC Vessel Energy Storage System Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Vessel Energy Storage System by Country
7.1.1 Europe Vessel Energy Storage System Sales by Country (2020-2025)
7.1.2 Europe Vessel Energy Storage System Revenue by Country (2020-2025)
7.2 Europe Vessel Energy Storage System Sales by Type (2020-2025)
7.3 Europe Vessel Energy Storage System Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Vessel Energy Storage System by Country
8.1.1 Middle East & Africa Vessel Energy Storage System Sales by Country (2020-2025)
8.1.2 Middle East & Africa Vessel Energy Storage System Revenue by Country (2020-2025)
8.2 Middle East & Africa Vessel Energy Storage System Sales by Type (2020-2025)
8.3 Middle East & Africa Vessel Energy Storage System Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Vessel Energy Storage System
10.3 Manufacturing Process Analysis of Vessel Energy Storage System
10.4 Industry Chain Structure of Vessel Energy Storage System
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Vessel Energy Storage System Distributors
11.3 Vessel Energy Storage System Customer
12 World Forecast Review for Vessel Energy Storage System by Geographic Region
12.1 Global Vessel Energy Storage System Market Size Forecast by Region
12.1.1 Global Vessel Energy Storage System Forecast by Region (2026-2031)
12.1.2 Global Vessel Energy Storage System Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Vessel Energy Storage System Forecast by Type (2026-2031)
12.7 Global Vessel Energy Storage System Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Corvus
13.1.1 Corvus Company Information
13.1.2 Corvus Vessel Energy Storage System Product Portfolios and Specifications
13.1.3 Corvus Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Corvus Main Business Overview
13.1.5 Corvus Latest Developments
13.2 PBES
13.2.1 PBES Company Information
13.2.2 PBES Vessel Energy Storage System Product Portfolios and Specifications
13.2.3 PBES Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 PBES Main Business Overview
13.2.5 PBES Latest Developments
13.3 SAFT
13.3.1 SAFT Company Information
13.3.2 SAFT Vessel Energy Storage System Product Portfolios and Specifications
13.3.3 SAFT Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 SAFT Main Business Overview
13.3.5 SAFT Latest Developments
13.4 EST-Floattech
13.4.1 EST-Floattech Company Information
13.4.2 EST-Floattech Vessel Energy Storage System Product Portfolios and Specifications
13.4.3 EST-Floattech Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 EST-Floattech Main Business Overview
13.4.5 EST-Floattech Latest Developments
13.5 MG
13.5.1 MG Company Information
13.5.2 MG Vessel Energy Storage System Product Portfolios and Specifications
13.5.3 MG Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 MG Main Business Overview
13.5.5 MG Latest Developments
13.6 ZEM AS
13.6.1 ZEM AS Company Information
13.6.2 ZEM AS Vessel Energy Storage System Product Portfolios and Specifications
13.6.3 ZEM AS Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 ZEM AS Main Business Overview
13.6.5 ZEM AS Latest Developments
13.7 尝别肠濒补苍肠丑茅
13.7.1 尝别肠濒补苍肠丑茅 Company Information
13.7.2 尝别肠濒补苍肠丑茅 Vessel Energy Storage System Product Portfolios and Specifications
13.7.3 尝别肠濒补苍肠丑茅 Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 尝别肠濒补苍肠丑茅 Main Business Overview
13.7.5 尝别肠濒补苍肠丑茅 Latest Developments
13.8 Magnus Marin
13.8.1 Magnus Marin Company Information
13.8.2 Magnus Marin Vessel Energy Storage System Product Portfolios and Specifications
13.8.3 Magnus Marin Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Magnus Marin Main Business Overview
13.8.5 Magnus Marin Latest Developments
13.9 Siemens
13.9.1 Siemens Company Information
13.9.2 Siemens Vessel Energy Storage System Product Portfolios and Specifications
13.9.3 Siemens Vessel Energy Storage System Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Siemens Main Business Overview
13.9.5 Siemens Latest Developments
14 Research Findings and Conclusion

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