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.
The Vessel Energy Storage System market was valued at 90 Million US$ in 2018 and is projected to reach 1137.6 Million US$ by 2025, at a CAGR of 42.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Vessel Energy Storage System.
This report presents the worldwide Vessel Energy Storage System market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter\'s Five Forces Analysis.
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The following manufacturers are covered in this report:
Vessel Energy Storage System Breakdown Data by Type
Less than 1MWh
More than 3MWh
Shipboard energy storage systems with less than 1MWh accounted for more than 64% of the market in 2018.
Vessel Energy Storage System Breakdown Data by Application
Cruise and Ferry
In the market share analysis, merchant ships accounted for 30% of the market share in 2018, making them the type of ships with the highest market share using Marine energy storage systems.
Vessel Energy Storage System Production by Region
Vessel Energy Storage System Consumption by Region
Central & South America
Middle East & Africa
The study objectives are:
To analyze and research the global Vessel Energy Storage System status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Vessel Energy Storage System manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Vessel Energy Storage System :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (MWh). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Vessel Energy Storage System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.