Offshore Energy Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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from $4,595	220 Pages	Fairfield Market Research	August, 2023	FCSL18096210

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Price	from $4,595
Length	220 Pages
Publisher	Fairfield Market Research
Published Date	August, 2023
SKU	FCSL18096210

The global offshore energy storage market is poised to witness healthy growth, projected to reach approximately US$200 million in value over the next decade. The escalating demand for renewable energy solutions is expected to create a favorable environment for the growth of offshore energy storage systems.

Increasing Use of Batteries Drives Offshore Energy Storage Market
Energy storage has garnered increasing attention from various stakeholders, including utilities, end-users, grid operators, and regulators. Offshore energy storage is emerging as a key technology for the future, ensuring higher efficiency and reliability for electrical systems on offshore installations. With a rising trend in the amount of electric power generated on board ships and other offshore installations, energy storage solutions become crucial for installations with variable energy consumption profiles.

Battery Technology Fuels Offshore Energy Storage Market
Batteries play a crucial role in energy storage systems and are categorized based on the foundational technology they operate on. Batteries consist of two electrodes and an electrolyte, with various materials used to induce chemical reactions resulting in different battery types. Some typical battery types include lithium-ion, lead-acid, nickel-based, and flow batteries.

Clean Energy Adoption Drives Offshore Energy Storage Market
Battery energy storage is a critical technology in the transition to sustainable energy systems. Energy storage systems that utilize batteries provide a range of benefits, including voltage and frequency control, peak demand cost reduction, integration of renewable energy sources, and backup power. The increasing deployment of battery energy storage systems (BESS) and technological advancements are expected to drive the growth of the offshore energy storage market.

Improved Electric Dependability in Oil and Gas Drives Market Growth
The oil and gas segment is anticipated to be the fastest-growing end-user for the offshore energy storage market. Energy storage systems help improve the electric dependability of offshore activities for oil and gas producers, providing backup power during blackouts and ensuring stable electrical structures. However, the significant capital expenditure required for offshore energy storage solutions may pose challenges to market growth.

Europe's Offshore Energy Storage Market Expands with Renewable Boom
Germany stands as one of the biggest markets for energy storage in both Europe and the world, driven by ambitious energy transition plans and goals to reduce greenhouse gas emissions. The country's focus on phasing out nuclear power plants and increasing the share of renewables in electricity generation is expected to boost offshore energy storage growth. Renewable energy sources are projected to produce about 41% of Germany's total electricity by 2020, further driving the demand for energy storage systems.

Global Offshore Energy Storage Market: Competitive Landscape
Key players in the offshore energy storage market include Duke Energy, ABB, Deepwater Wind, E.ON, Johnson Controls, SolarEdge, Siemens, General Electric, LG Chem, and Tesla.

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1. Executive Summary: 1.1. Global Offshore Energy Storage Market Snapshot; 1.2. Key Market Trends; 1.3. Future Projections; 1.4. Analyst Recommendations
2. Market Overview: 2.1. Market Definitions and Segmentations; 2.2. Market Dynamics; 2.2.1. Drivers; 2.2.1.1. Driver A; 2.2.1.2. Driver B; 2.2.1.3. Driver C; 2.2.2. Restraints; 2.2.2.1. Restraint 1; 2.2.2.2. Restraint 2; 2.2.3. Market Opportunities Matrix; 2.3. Value Chain Analysis; 2.4. Porter’s Five Forces Analysis; 2.5. Covid-19 Impact Analysis; 2.5.1. Pre-Covid and Post-Covid Scenario; 2.5.2. Supply Impact; 2.5.3. Demand Impact; 2.6. Government Regulations; 2.7. Technology Landscape; 2.8. Economic Analysis; 2.9. PESTLE
3. Global Offshore Energy Storage Market Outlook, 2018-2030: 3.1. Global Offshore Energy Storage Market Outlook, by Storage System, Value (US$ Mn), 2018-2030; 3.1.1. Key Highlights; 3.1.1.1. Battery Energy Storage Solutions (BESS); 3.1.1.2. Flywheel Energy Storage (FEES); 3.1.1.3. Hydro-Pneumatic Energy Storage (HPES); 3.1.1.4. Misc.; 3.2. Global Offshore Energy Storage Market Outlook, by End-user, Value (US$ Mn), 2018 - 2030; 3.2.1. Key Highlights; 3.2.1.1. Offshore Wind Farms; 3.2.1.2. Oil & Gas; 3.2.2. BPS/Market Attractiveness Analysis; 3.3. Global Offshore Energy Storage Market Outlook, by Region, Value (US$ Mn), 2018-2030; 3.3.1. Key Highlights; 3.3.1.1. North America; 3.3.1.2. Europe; 3.3.1.3. Asia Pacific; 3.3.1.4. Latin America; 3.3.1.5. Middle East & Africa; 3.3.2. BPS/Market Attractiveness Analysis
4. North America Offshore Energy Storage Market Outlook, 2018-2030: 4.1. North America Offshore Energy Storage Market Outlook, by Storage System, Value (US$ Mn), 2018-2030; 4.1.1. Key Highlights; 4.1.1.1. Battery Energy Storage Solutions (BESS); 4.1.1.2. Flywheel Energy Storage (FEES); 4.1.1.3. Hydro-Pneumatic Energy Storage (HPES); 4.1.1.4. Misc.; 4.2. North America Offshore Energy Storage Market Outlook, by End-user, Value (US$ Mn), 2018-2030; 4.2.1. Key Highlights; 4.2.1.1. Offshore Wind Farms; 4.2.1.2. Oil & Gas; 4.3. North America Offshore Energy Storage Market Outlook, by Country, Value (US$ Mn), 2018-2030; 4.3.1. Key Highlights; 4.3.1.1. U.S.; 4.3.1.2. Canada; 4.3.2. BPS/Market Attractiveness Analysis
5. Europe Offshore Energy Storage Market Outlook, 2018-2030: 5.1. Europe Offshore Energy Storage Market Outlook, by Storage System, Value (US$ Mn), 2018-2030; 5.1.1. Key Highlights; 5.1.1.1. Battery Energy Storage Solutions (BESS); 5.1.1.2. Flywheel Energy Storage (FEES); 5.1.1.3. Hydro-Pneumatic Energy Storage (HPES); 5.1.1.4. Misc.; 5.2. Europe Offshore Energy Storage Market Outlook, by End-user, Value (US$ Mn), 2018-2030; 5.2.1. Key Highlights; 5.2.1.1. Offshore Wind Farms; 5.2.1.2. Oil & Gas; 5.2.1.3.; 5.3. Europe Offshore Energy Storage Market Outlook, by Country, Value (US$ Mn), 2018-2030; 5.3.1. Key Highlights; 5.3.1.1. Germany; 5.3.1.2. France; 5.3.1.3. U.K.; 5.3.1.4. Italy; 5.3.1.5. Spain; 5.3.1.6. Norway; 5.3.1.7. Russia; 5.3.1.8. Rest of Europe; 5.3.2. BPS/Market Attractiveness Analysis
6. Asia Pacific Offshore Energy Storage Market Outlook, 2018-2030: 6.1. Asia Pacific Offshore Energy Storage Market Outlook, by Storage System, Value (US$ Mn), 2018-2030; 6.1.1. Key Highlights; 6.1.1.1. Battery Energy Storage Solutions (BESS); 6.1.1.2. Flywheel Energy Storage (FEES); 6.1.1.3. Hydro-Pneumatic Energy Storage (HPES); 6.1.1.4. Misc.; 6.2. Asia Pacific Offshore Energy Storage Market Outlook, by End-user, Value (US$ Mn), 2018-2030; 6.2.1. Key Highlights; 6.2.1.1. Offshore Wind Farms; 6.2.1.2. Oil & Gas; 6.3. Asia Pacific Offshore Energy Storage Market Outlook, by Country, Value (US$ Mn), 2018-2030; 6.3.1. Key Highlights; 6.3.1.1. China; 6.3.1.2. Japan; 6.3.1.3. South Korea; 6.3.1.4. India; 6.3.1.5. Southeast Asia; 6.3.1.6. Rest of Asia Pacific; 6.3.2. BPS/Market Attractiveness Analysis
7. Latin America Offshore Energy Storage Market Outlook, 2018 - 2030: 7.1. Latin America Offshore Energy Storage Market Outlook, by Storage System, Value (US$ Mn), 2018-2030; 7.1.1. Key Highlights; 7.1.1.1. Battery Energy Storage Solutions (BESS); 7.1.1.2. Flywheel Energy Storage (FEES); 7.1.1.3. Hydro-Pneumatic Energy Storage (HPES); 7.1.1.4. Misc.; 7.2. Latin America Offshore Energy Storage Market Outlook, by End-user, Value (US$ Mn), 2018-2030; 7.2.1. Key Highlights; 7.2.1.1. Offshore Wind Farms; 7.2.1.2. Oil & Gas; 7.3. Latin America Offshore Energy Storage Market Outlook, by Country, Value (US$ Mn), 2018-2030; 7.3.1. Key Highlights; 7.3.1.1. Brazil; 7.3.1.2. Mexico; 7.3.1.3. Rest of Latin America; 7.3.2. BPS/Market Attractiveness Analysis
8. Middle East & Africa Offshore Energy Storage Market Outlook, 2018-2030: 8.1. Middle East & Africa Offshore Energy Storage Market Outlook, by Storage System, Value (US$ Mn), 2018-2030; 8.1.1. Key Highlights; 8.1.1.1. Battery Energy Storage Solutions (BESS); 8.1.1.2. Flywheel Energy Storage (FEES); 8.1.1.3. Hydro-Pneumatic Energy Storage (HPES); 8.1.1.4. Misc.; 8.2. Middle East & Africa Offshore Energy Storage Market Outlook, by End-user, Value (US$ Mn), 2018-2030; 8.2.1. Key Highlights; 8.2.1.1. Offshore Wind Farms; 8.2.1.2. Oil & Gas; 8.3. Middle East & Africa Offshore Energy Storage Market Outlook, by Country, Value (US$ Mn), 2018-2030; 8.3.1. Key Highlights; 8.3.1.1. GCC; 8.3.1.2. South Africa; 8.3.1.3. Rest of Middle East & Africa; 8.3.2. BPS/Market Attractiveness Analysis
9. Competitive Landscape: 9.1. Company Market Share Analysis, 2021; 9.2. Competitive Dashboard; 9.3. Company Profiles; 9.3.1. Siemens AG; 9.3.1.1. Company Overview; 9.3.1.2. Product Portfolio; 9.3.1.3. Financial Overview; 9.3.1.4. Business Strategies and Development; 9.3.2. ABB Ltd.; 9.3.3. Ørsted A/S; 9.3.4. General Electric; 9.3.5. LG Chem; 9.3.6. Energy Vault; 9.3.7. E.ON Energy; 9.3.8. Johnson Controls; 9.3.9. Wärtsilä; 9.3.10. FLASC B.V.; 9.3.11. Stornetic
10. Appendix: 10.1. Research Methodology; 10.2. Report Assumptions; 10.3. Acronyms and Abbreviations

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Offshore Energy Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)