Offshore energy storage is defined as storage of energy produced by wind turbinate & offshore oil and gas energy storage systems. This technology helps store excess energy in order to meet the projected rise in demand for energy. Offshore energy storage aims to offer reliable electrical network by offering clean & dispatchable power.
The increase in urbanization and industrialization is expected to increase the energy demand which expected to boost the global offshore energy storage market over the forecast period. The countries are focuses on energy storage system via renewable energy sources such as offshore wind farms. Continuous technological advancements & clean energy consumption would further drive wind power deployment and open opportunities in the emerging markets of APAC especially in countries including Japan, China, and South Korea as they are looking for an alternative source of energy to diversify their energy mix to reduce Carbon dioxide emissions. These developments are expected to propel the global offshore energy storage market growth.
The Global Offshore Energy Storage Market is expected to grow at a high rate over the forecast period, owing to the increase in energy demand and the rise in renewable energy projects which will positively influence the market growth.
The increase in spread of COVId-19 pandemic is expected to hamper the global offshore energy storage market growth, owing to the imposition of lockdowns in many countries across the world. Due to these lockdowns, various restrictions placed on industrial activities which may negatively influence the market growth.
The Global Offshore Energy Storage Market is segmented into Sources such as Lithium Ion, Lead Acid, Sodium Chemistry, Flow Vanadium, Flow Zinc, Vessel, by End-User such as Offshore Wind and Oil & Gas.
Also, the Global Offshore Energy Storage Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Europe is projected to dominate the offshore energy storage market during this forecast time period, due to the increase in investments in renewable sectors such as onshore, solar, and energy. Introduction of stringent environmental rules & regulations to limit CO2 emission is a key driving factor driving the investment in renewable technologies.
The North America is expected to hold key revenue share of the overall market in the near future, due to the implementation of smart city projects & increase in demand for IoT devices integrated with renewable energy sources in this region.
Some operating key players are listed in this report such as ABB, General Electric, Siemens, Deepwater Wind, Duke Energy, E.ON, LG Chem, Johnson Controls, SolarEdge, and Tesla. Etc.
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Offshore Energy Storage Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Offshore Energy Storage Market, By Sources
5.1 Y-o-Y Growth Comparison, By Sources
5.2 Global Offshore Energy Storage Market Share Analysis, By Sources
5.3 Global Offshore Energy Storage Market Size and Forecast, By Sources
5.3.1 Lithium Ion
5.3.2 Lead Acid
5.3.3 Sodium Chemistry
5.3.4 Flow Vanadium
5.3.5 Flow Zinc
5.3.6 Vessel
6 Global Offshore Energy Storage Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Offshore Energy Storage Market Share Analysis, By End User
6.3 Global Offshore Energy Storage Market Size and Forecast, By End User
6.3.1 Offshore Wind
6.3.2 Oil & Gas
7 Global Offshore Energy Storage Market, By Region
7.1 Global Offshore Energy Storage Market Share Analysis, By Region
7.2 Global Offshore Energy Storage Market Share Analysis, By Region
7.3 Global Offshore Energy Storage Market Size and Forecast, By Region
8 North America Offshore Energy Storage Market Analysis and Forecast (2020 – 2030)
8.1 Introduction
8.2 North America Offshore Energy Storage Market Share Analysis, By Sources
8.3 North America Offshore Energy Storage Market Size and Forecast, By End User
8.4 North America Offshore Energy Storage Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Offshore Energy Storage Market Analysis and Forecast (2020 – 2030)
9.1 Introduction
9.2 Europe Offshore Energy Storage Market Share Analysis, By Sources
9.3 Europe Offshore Energy Storage Market Size and Forecast, By End User
9.4 Europe Offshore Energy Storage Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Offshore Energy Storage Market Analysis and Forecast (2020 – 2030)
10.1 Introduction
10.2 Asia Pacific Offshore Energy Storage Market Share Analysis, By Sources
10.3 Asia Pacific Offshore Energy Storage Market Size and Forecast, By End User
10.4 Asia Pacific Offshore Energy Storage Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Offshore Energy Storage Market Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 Latin America Offshore Energy Storage Market Share Analysis, By Sources
11.3 Latin America Offshore Energy Storage Market Size and Forecast, By End User
11.4 Latin America Offshore Energy Storage Market Size and Forecast, By Country
12 Middle East Offshore Energy Storage Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Middle East Offshore Energy Storage Market Share Analysis, By Sources
12.3 Middle East Offshore Energy Storage Market Size and Forecast, By End User
12.4 Middle East Offshore Energy Storage Market Size and Forecast, By Country
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 ABB
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 General Electric
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Siemens
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Deepwater Wind
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Duke Energy
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 ITALRAY
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 E.ON
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Koninklijke Philips N.V
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 LG Chem
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Siemens Healthcare
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Johnson Controls
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 SolarEdge
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
14.13 Tesla
14.13.1 Overview
14.13.2 Offerings
14.13.3 Key Financials
14.13.4 Business Segment & Geographic Overview
14.13.5 Key Market Developments
14.13.6 Key Strategies
