Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Vessel Energy Storage System Market by Type (Less than 1MWh, 1-3MWh, More than 3MWh), By Application (Cruise and Ferry, Offshore Vessel, Merchant, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Vessel Energy Storage System Market by Type (Less than 1MWh, 1-3MWh, More than 3MWh), By Application (Cruise and Ferry, Offshore Vessel, Merchant, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 218590 3300 Energy & Power 377 234 Pages 4.9 (33)
                                          

The global vessel energy storage system market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for renewable energy and the need for efficient power management systems on vessels. The increasing demand for renewable energy has led to an increase in investments in this sector, which has resulted in an increased production of solar panels and wind turbines. This has led to a decrease in prices of these products, which has increased their adoption rates across various industries such as transportation and marine vessels. The less than 1MWh segment accounted for the largest share of the global vessel energy storage system market in 2018, followed by 3MWh segment and more than 3MWh segment respectively. The less than 1MWh segment is expected to continue its dominance throughout the forecast period due to its low cost per unit capacity ratio as compared with other segments such as 3MWh and more than 3MWh segments.

  1. The increasing demand for renewable energy sources is driving the growth of the vessel energy storage system market.
  2. The need to reduce carbon emissions and increase efficiency in power generation is also driving the growth of this market.
  3. The increasing number of electric vehicles and their charging stations are also driving the growth of this market as they require a lot more power than conventional vehicles, which will lead to an increased demand for vessel energy storage systems in order to meet that demand.
  4. Increasing investments by governments and private companies into research and development activities related to renewable energies are also fueling the growth of this market as they are looking for new ways to generate clean power without relying on fossil fuels or nuclear reactors, which have been proven not only harmful but unsustainable in terms of resources available on Earth, such as coal or uranium ore deposits that can be mined out at some point in time if we continue mining them at current rates without any regard for sustainability issues related to these resources;.
  5. Increasing awareness about climate change among people is another factor that will drive the growth of this market because it has been proven that climate change has a direct impact on our environment, including natural disasters such as floods or droughts, which can lead to food shortages due to lack of water availability or crop failures due to extreme temperatures; therefore people are becoming more aware about how their actions affect not only themselves but others around them too.

Industry Growth Insights published a new data on “Vessel Energy Storage System Market”. The research report is titled “Vessel Energy Storage System Market research by Types (Less than 1MWh, 1-3MWh, More than 3MWh), By Applications (Cruise and Ferry, Offshore Vessel, Merchant, Others), By Players/Companies Corvus, PBES, SAFT, EST-Floattech, MG, ZEM AS, Leclanché, Magnus Marin, Siemens”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Vessel Energy Storage System Market Research Report

By Type

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

By Application

Cruise and Ferry, Offshore Vessel, Merchant, Others

By Companies

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

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

234

Number of Tables & Figures

164

Customization Available

Yes, the report can be customized as per your need.


Global Vessel Energy Storage System Industry Outlook


Global Vessel Energy Storage System Market Report Segments:

The global Vessel Energy Storage System market is segmented on the basis of:

Types

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

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Cruise and Ferry, Offshore Vessel, Merchant, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Corvus
  2. PBES
  3. SAFT
  4. EST-Floattech
  5. MG
  6. ZEM AS
  7. Leclanché
  8. Magnus Marin
  9. Siemens

Global Vessel Energy Storage System Market Overview


Highlights of The Vessel Energy Storage System Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Less than 1MWh
    2. 1-3MWh
    3. More than 3MWh
  1. By Application:

    1. Cruise and Ferry
    2. Offshore Vessel
    3. Merchant
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Vessel Energy Storage System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

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Global Vessel Energy Storage System Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A Vessel Energy Storage System (VESS) is a type of energy storage system that uses vessels to store energy. The vessels can be used to store different types of energy, such as solar, wind, or hydroelectric power. VESS systems are often used to help stabilize the grid and provide backup power.

Some of the major companies in the vessel energy storage system market are Corvus, PBES, SAFT, EST-Floattech, MG, ZEM AS, LeclanchƒÂ©, Magnus Marin, Siemens.

The vessel energy storage system market is expected to register a CAGR of 8.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Vessel Energy Storage System Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Vessel Energy Storage System Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Vessel Energy Storage System Market - Supply Chain
   4.5. Global Vessel Energy Storage System Market Forecast
      4.5.1. Vessel Energy Storage System Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Vessel Energy Storage System Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Vessel Energy Storage System Market Absolute $ Opportunity

5. Global Vessel Energy Storage System Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Vessel Energy Storage System Market Size and Volume Forecast by Type
      5.3.1. Less than 1MWh
      5.3.2. 1-3MWh
      5.3.3. More than 3MWh
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Vessel Energy Storage System Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Vessel Energy Storage System Market Size and Volume Forecast by Application
      6.3.1. Cruise and Ferry
      6.3.2. Offshore Vessel
      6.3.3. Merchant
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Vessel Energy Storage System Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Vessel Energy Storage System Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Vessel Energy Storage System Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Vessel Energy Storage System Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Vessel Energy Storage System Demand Share Forecast, 2019-2026

9. North America Vessel Energy Storage System Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Vessel Energy Storage System Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Vessel Energy Storage System Market Size and Volume Forecast by Application
      9.4.1. Cruise and Ferry
      9.4.2. Offshore Vessel
      9.4.3. Merchant
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Vessel Energy Storage System Market Size and Volume Forecast by Type
      9.7.1. Less than 1MWh
      9.7.2. 1-3MWh
      9.7.3. More than 3MWh
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Vessel Energy Storage System Demand Share Forecast, 2019-2026

10. Latin America Vessel Energy Storage System Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Vessel Energy Storage System Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Vessel Energy Storage System Market Size and Volume Forecast by Application
      10.4.1. Cruise and Ferry
      10.4.2. Offshore Vessel
      10.4.3. Merchant
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Vessel Energy Storage System Market Size and Volume Forecast by Type
      10.7.1. Less than 1MWh
      10.7.2. 1-3MWh
      10.7.3. More than 3MWh
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Vessel Energy Storage System Demand Share Forecast, 2019-2026

11. Europe Vessel Energy Storage System Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Vessel Energy Storage System Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Vessel Energy Storage System Market Size and Volume Forecast by Application
      11.4.1. Cruise and Ferry
      11.4.2. Offshore Vessel
      11.4.3. Merchant
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Vessel Energy Storage System Market Size and Volume Forecast by Type
      11.7.1. Less than 1MWh
      11.7.2. 1-3MWh
     11.7.3. More than 3MWh
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Vessel Energy Storage System Demand Share, 2019-2026

12. Asia Pacific Vessel Energy Storage System Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Vessel Energy Storage System Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Vessel Energy Storage System Market Size and Volume Forecast by Application
      12.4.1. Cruise and Ferry
      12.4.2. Offshore Vessel
      12.4.3. Merchant
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Vessel Energy Storage System Market Size and Volume Forecast by Type
      12.7.1. Less than 1MWh
      12.7.2. 1-3MWh
      12.7.3. More than 3MWh
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Vessel Energy Storage System Demand Share, 2019-2026

13. Middle East & Africa Vessel Energy Storage System Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Vessel Energy Storage System Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Vessel Energy Storage System Market Size and Volume Forecast by Application
      13.4.1. Cruise and Ferry
      13.4.2. Offshore Vessel
      13.4.3. Merchant
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Vessel Energy Storage System Market Size and Volume Forecast by Type
      13.7.1. Less than 1MWh
      13.7.2. 1-3MWh
      13.7.3. More than 3MWh
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Vessel Energy Storage System Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Vessel Energy Storage System Market: Market Share Analysis
   14.2. Vessel Energy Storage System Distributors and Customers
   14.3. Vessel Energy Storage System Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Corvus
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. PBES
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. SAFT
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. EST-Floattech
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. MG
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. ZEM AS
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Leclanché
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Magnus Marin
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Siemens
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. COMPANY 10
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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