Offshore Energy Storage Market 2020 Global Opportunities, Size, Share, Key Players and Comprehensive Research Study till 2023

MRFR report provides an extensive segmental analysis of the offshore energy storage market on the basis of sources and end-user.

ID: 1556161
recent pressrelease next pressrelease

(businesspress24) - Offshore Energy Storage Market Analysis

The global Offshore Energy Storage Market is poised to experience a notable growth at 9.50% CAGR over the estimated years (2018-2023). Offshore energy storage simply put means storing energy produced by offshore oil and gas storage systems or wind turbines. This technology aids to store surplus energy that can be utilized later on. The aim of offshore energy storage is to offer reliable electrical network by offering dispatchable and clean power.

Energy storage ensures reliability and higher efficiency of electrical systems in case of offshore installations. This storage system helps in bridging the auxiliary diesel generatorsides, new infrastructure is being made for reusing the current infrastructure especially for the oil and gas sector. There are numerous sources namely battery storage that has been specially designed to ensure utmost safety and maximum reliability.

Offshore Energy Storage Industry Segmentation

MRFR report provides an extensive segmental analysis of the offshore energy storage market on the basis of sources and end-user.

Based on sources, it is segmented into vessel, flow zinc, flow vanadium, sodium chemistry, lead acid, and lithium ion. Of these, lithium-ion will have the largest share in the market over the estimated years with advancements in technology getting used in lithium-ion batteries. This will reduce the cost of the technology further thereby driving the lithium-ion segment. Siemens in May 2018, launched an energy storage system that is based on lithium-ion battery for offshore operations which also includes offshore wind. This will help in creating energy storage technologies especially for offshore oil and gas as well as marine applications.

Based on end-user, the offshore energy storage market is segmented into offshore wind and oil and gas. Of these, offshore wind will dominate the market over the estimated years. It is predicted to expand at a faster pace owing to growing investment being made in renewable energy all over the world.

Get Free Sample Copy (at)

Regional Analysis

By region, the offshore energy storage market covers growth opportunities and latest trends across Middle East and Africa, South America, North America, Europe and Asia Pacific. Of these, APAC will have lion Korea and China as they are on the pursuit for alternative energy sources for diversifying their energy mix for cutting down carbon dioxide emissions. Such developments will boost the offshore energy storage market growth in this region.

Key Players

Leading players profiled in the offshore energy storage market include Tesla (US), SolarEdge (Israel), Johnson Controls (US), LG Chem (South Korea), E.ON (Germany), Duke Energy (US), Deepwater Wind (US), Siemens (Germany), General Electric (US), ABB (Switzerland), and others.

Related Reports:

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


Market Research Future

+1 646 845 9312

Email: sales(at)

More information:

Keywords (optional):

Company information / Profile:

PressRelease by


PressContact / Agency:

published by: mrfr123
print pressrelease  send to a friend  

Date: 02/20/2020 - 01:33
Language: English
News-ID 1556161
Character count: 5211
Firma: Market Research Future
Ansprechpartner: Avni Feedback to about Pressrelease-id:
Stadt: Pune

Meldungsart: Financial
Versandart: send
Freigabedatum: 20/2/2020

Number of hits: 362


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 39

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.