Energy Storage System for Maritime Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Energy storage systems used by both military and commercial marine vessels to store electricity for urgent use when on sea is call energy storage system for maritime applications. It helps in the supply of power across small & medium and large marine vessels when there is a sudden disruption in power supply during short or long voyages.
MARKET DYNAMICS
The constantly growing need for alternate energy coupled with stringent government regulations to reduce carbon emissions are influencing the market growth positively. The increasing adoption of marine routes for cargo transportation is also increasing the demand for energy storage systems from marine vessels, thereby contributing to the growth of the market.
MARKET SCOPE
The "Global Energy Storage System for Maritime Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The energy storage system for maritime market report aims to provide an overview of the energy storage system for maritime market with detailed market segmentation by type, application, and geography. The global energy storage system for maritime market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading energy storage system for maritime market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global energy storage system for maritime market is segmented based on type, application. Based on type, the energy storage system for maritime market is segmented into battery storage, renewable energy storage. Based on application, the energy storage system for maritime market is segmented into Military, Commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global energy storage system for maritime market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The energy storage system for maritime market by each region is later sub-segmented by respective countries and segments. The energy storage system for maritime market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the energy storage system for maritime market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the energy storage system for maritime market in these regions.
IMPACT OF COVID-19 ON ENERGY STORAGE SYSTEM FOR MARITIME MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global energy storage system for maritime market. The demand for energy storage system for maritime from the end-use sectors declined significantly from the owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the energy storage system for maritime manufacturing thereby impacting the growth of the global energy storage system for maritime market from the supply side as well.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global energy storage system for maritime market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The energy storage system for maritime market by each region is later sub-segmented by respective countries and segments. The energy storage system for maritime market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the energy storage system for maritime market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the energy storage system for maritime market in these regions.
IMPACT OF COVID-19 ON ENERGY STORAGE SYSTEM FOR MARITIME MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global energy storage system for maritime market. The demand for energy storage system for maritime from the end-use sectors declined significantly from the owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the energy storage system for maritime manufacturing thereby impacting the growth of the global energy storage system for maritime market from the supply side as well.
MARKET PLAYERS
The reports cover key developments in the energy storage system for maritime market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from energy storage system for maritime market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the energy storage system for maritime market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the energy storage system for maritime market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB
- Wartsila
- BW Group
- Leclanche SA
- Siemens Energy
- Nidec Industrial Solutions
- Magnus Marine.
- FLASC BV
- Kongsberg Maritime
- VARD AS.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Energy Storage System For Maritime Market - By Type
1.3.2 Energy Storage System For Maritime Market - By Application
1.3.3 Energy Storage System For Maritime Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENERGY STORAGE SYSTEM FOR MARITIME MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ENERGY STORAGE SYSTEM FOR MARITIME MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ENERGY STORAGE SYSTEM FOR MARITIME MARKET - GLOBAL MARKET ANALYSIS
6.1. ENERGY STORAGE SYSTEM FOR MARITIME - GLOBAL MARKET OVERVIEW
6.2. ENERGY STORAGE SYSTEM FOR MARITIME - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENERGY STORAGE SYSTEM FOR MARITIME MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BATTERY STORAGE
7.3.1. Overview
7.3.2. Battery Storage Market Forecast and Analysis
7.4. RENEWABLE ENERGY STORAGE
7.4.1. Overview
7.4.2. Renewable Energy Storage Market Forecast and Analysis
8. ENERGY STORAGE SYSTEM FOR MARITIME MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MILITARY
8.3.1. Overview
8.3.2. Military Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
9. ENERGY STORAGE SYSTEM FOR MARITIME MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Energy Storage System For Maritime Market Overview
9.1.2 North America Energy Storage System For Maritime Market Forecasts and Analysis
9.1.3 North America Energy Storage System For Maritime Market Forecasts and Analysis - By Type
9.1.4 North America Energy Storage System For Maritime Market Forecasts and Analysis - By Application
9.1.5 North America Energy Storage System For Maritime Market Forecasts and Analysis - By Countries
9.1.5.1 United States Energy Storage System For Maritime Market
9.1.5.1.1 United States Energy Storage System For Maritime Market by Type
9.1.5.1.2 United States Energy Storage System For Maritime Market by Application
9.1.5.2 Canada Energy Storage System For Maritime Market
9.1.5.2.1 Canada Energy Storage System For Maritime Market by Type
9.1.5.2.2 Canada Energy Storage System For Maritime Market by Application
9.1.5.3 Mexico Energy Storage System For Maritime Market
9.1.5.3.1 Mexico Energy Storage System For Maritime Market by Type
9.1.5.3.2 Mexico Energy Storage System For Maritime Market by Application
9.2. EUROPE
9.2.1 Europe Energy Storage System For Maritime Market Overview
9.2.2 Europe Energy Storage System For Maritime Market Forecasts and Analysis
9.2.3 Europe Energy Storage System For Maritime Market Forecasts and Analysis - By Type
9.2.4 Europe Energy Storage System For Maritime Market Forecasts and Analysis - By Application
9.2.5 Europe Energy Storage System For Maritime Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Energy Storage System For Maritime Market
9.2.5.1.1 Germany Energy Storage System For Maritime Market by Type
9.2.5.1.2 Germany Energy Storage System For Maritime Market by Application
9.2.5.2 France Energy Storage System For Maritime Market
9.2.5.2.1 France Energy Storage System For Maritime Market by Type
9.2.5.2.2 France Energy Storage System For Maritime Market by Application
9.2.5.3 Italy Energy Storage System For Maritime Market
9.2.5.3.1 Italy Energy Storage System For Maritime Market by Type
9.2.5.3.2 Italy Energy Storage System For Maritime Market by Application
9.2.5.4 United Kingdom Energy Storage System For Maritime Market
9.2.5.4.1 United Kingdom Energy Storage System For Maritime Market by Type
9.2.5.4.2 United Kingdom Energy Storage System For Maritime Market by Application
9.2.5.5 Russia Energy Storage System For Maritime Market
9.2.5.5.1 Russia Energy Storage System For Maritime Market by Type
9.2.5.5.2 Russia Energy Storage System For Maritime Market by Application
9.2.5.6 Rest of Europe Energy Storage System For Maritime Market
9.2.5.6.1 Rest of Europe Energy Storage System For Maritime Market by Type
9.2.5.6.2 Rest of Europe Energy Storage System For Maritime Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Energy Storage System For Maritime Market Overview
9.3.2 Asia-Pacific Energy Storage System For Maritime Market Forecasts and Analysis
9.3.3 Asia-Pacific Energy Storage System For Maritime Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Energy Storage System For Maritime Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Energy Storage System For Maritime Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Energy Storage System For Maritime Market
9.3.5.1.1 Australia Energy Storage System For Maritime Market by Type
9.3.5.1.2 Australia Energy Storage System For Maritime Market by Application
9.3.5.2 China Energy Storage System For Maritime Market
9.3.5.2.1 China Energy Storage System For Maritime Market by Type
9.3.5.2.2 China Energy Storage System For Maritime Market by Application
9.3.5.3 India Energy Storage System For Maritime Market
9.3.5.3.1 India Energy Storage System For Maritime Market by Type
9.3.5.3.2 India Energy Storage System For Maritime Market by Application
9.3.5.4 Japan Energy Storage System For Maritime Market
9.3.5.4.1 Japan Energy Storage System For Maritime Market by Type
9.3.5.4.2 Japan Energy Storage System For Maritime Market by Application
9.3.5.5 South Korea Energy Storage System For Maritime Market
9.3.5.5.1 South Korea Energy Storage System For Maritime Market by Type
9.3.5.5.2 South Korea Energy Storage System For Maritime Market by Application
9.3.5.6 Rest of Asia-Pacific Energy Storage System For Maritime Market
9.3.5.6.1 Rest of Asia-Pacific Energy Storage System For Maritime Market by Type
9.3.5.6.2 Rest of Asia-Pacific Energy Storage System For Maritime Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Energy Storage System For Maritime Market Overview
9.4.2 Middle East and Africa Energy Storage System For Maritime Market Forecasts and Analysis
9.4.3 Middle East and Africa Energy Storage System For Maritime Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Energy Storage System For Maritime Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Energy Storage System For Maritime Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Energy Storage System For Maritime Market
9.4.5.1.1 South Africa Energy Storage System For Maritime Market by Type
9.4.5.1.2 South Africa Energy Storage System For Maritime Market by Application
9.4.5.2 Saudi Arabia Energy Storage System For Maritime Market
9.4.5.2.1 Saudi Arabia Energy Storage System For Maritime Market by Type
9.4.5.2.2 Saudi Arabia Energy Storage System For Maritime Market by Application
9.4.5.3 U.A.E Energy Storage System For Maritime Market
9.4.5.3.1 U.A.E Energy Storage System For Maritime Market by Type
9.4.5.3.2 U.A.E Energy Storage System For Maritime Market by Application
9.4.5.4 Rest of Middle East and Africa Energy Storage System For Maritime Market
9.4.5.4.1 Rest of Middle East and Africa Energy Storage System For Maritime Market by Type
9.4.5.4.2 Rest of Middle East and Africa Energy Storage System For Maritime Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Energy Storage System For Maritime Market Overview
9.5.2 South and Central America Energy Storage System For Maritime Market Forecasts and Analysis
9.5.3 South and Central America Energy Storage System For Maritime Market Forecasts and Analysis - By Type
9.5.4 South and Central America Energy Storage System For Maritime Market Forecasts and Analysis - By Application
9.5.5 South and Central America Energy Storage System For Maritime Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Energy Storage System For Maritime Market
9.5.5.1.1 Brazil Energy Storage System For Maritime Market by Type
9.5.5.1.2 Brazil Energy Storage System For Maritime Market by Application
9.5.5.2 Argentina Energy Storage System For Maritime Market
9.5.5.2.1 Argentina Energy Storage System For Maritime Market by Type
9.5.5.2.2 Argentina Energy Storage System For Maritime Market by Application
9.5.5.3 Rest of South and Central America Energy Storage System For Maritime Market
9.5.5.3.1 Rest of South and Central America Energy Storage System For Maritime Market by Type
9.5.5.3.2 Rest of South and Central America Energy Storage System For Maritime Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ENERGY STORAGE SYSTEM FOR MARITIME MARKET, KEY COMPANY PROFILES
11.1. ABB
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. WARTSILA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BW GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LECLANCHE SA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SIEMENS ENERGY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NIDEC INDUSTRIAL SOLUTIONS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MAGNUS MARINE.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. FLASC BV
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. KONGSBERG MARITIME
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VARD AS.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.ABB
2.Wartsila
3. BW Group
4.Leclanche SA
5.Siemens Energy
6.Nidec Industrial Solutions
7.Magnus Marine.
8.FLASC BV
9.Kongsberg Maritime
10.VARD AS.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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