Global Vessel Energy Storage System Market Insights and Forecast to 2027

Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is generally called an accumulator or battery. Energy comes in multiple forms including radiation, chemical, gravitational potential, electrical potential, electricity, elevated temperature, latent heat and kinetic. Energy storage involves converting energy from forms that are difficult to store to more conveniently or economically storable forms.
Ship-based energy storage systems continue to rise in the global market.In the application category, the increase in the number of energy storage systems carried by commercial ships far exceeds that of other types of products.

Market Analysis and Insights: Global Vessel Energy Storage System Market
The global Vessel Energy Storage System market is valued at US$ 288.7 million in 2019. The market size will reach US$ 3440.1 million by the end of 2026, growing at a CAGR of 42.0% during 2021-2026.

Global Vessel Energy Storage System Scope and Segment
Vessel Energy Storage System market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Vessel Energy Storage System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.


Segment by Type
Less than 1MWh
1-3MWh
More than 3MWh


Segment by Application
Cruise and Ferry
Offshore Vessel
Merchant
Others


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

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE