Global Floating Energy Storage System Market Growth 2025-2031

The global Floating Energy Storage System market size is predicted to grow from US$ 449 million in 2025 to US$ 1024 million in 2031; it is expected to grow at a CAGR of 14.7% from 2025 to 2031.

A floating energy storage system consists of an industrial battery pack that holds power generated from either renewable or non-renewable resources. The industrial battery packs are made from high-capacity batteries. Floating ESS are held on marine vessels that are movable to wherever power is needed. Most of the Floating ESS in operation today are on barges. They are operated by power producers who feed the power distributors on the mainland. Floating energy storage solutions are useful in supplementing power on the main grids. Floating ESS is crucial in stabilizing power grids during peak power demand periods. They can be quickly brought online and scaled up when necessary.

United States market for Floating Energy Storage System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Floating Energy Storage System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Floating Energy Storage System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Floating Energy Storage System players cover Wärtsilä, NGLTech, Keppel Offshore & Marine, Aboitiz Power, Ocean Grazer, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Floating Energy Storage System Industry Forecast” looks at past sales and reviews total world Floating Energy Storage System sales in 2024, providing a comprehensive analysis by region and market sector of projected Floating Energy Storage System sales for 2025 through 2031. With Floating Energy Storage System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Floating Energy Storage System industry.

This Insight Report provides a comprehensive analysis of the global Floating Energy Storage System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Floating Energy Storage System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Floating Energy Storage System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Floating Energy Storage System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Floating Energy Storage System.

This report presents a comprehensive overview, market shares, and growth opportunities of Floating Energy Storage System market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Solar Panel

Normal Battery

Segmentation by Application:

Utility

Residential & Commercial

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Wärtsilä

NGLTech

Keppel Offshore & Marine

Aboitiz Power

Ocean Grazer

Sungrow

Ciel and Terre

BayWa r.e.

LS Electric Co., Ltd.

Trina Solar

Ocean Sun

Adtech Systems

Waaree Energies Ltd

Isigenere (Isifloating)

Swimsol

Yellow Tropus

Key Questions Addressed in this Report

What is the 10-year outlook for the global Floating Energy Storage System market?

What factors are driving Floating Energy Storage System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Floating Energy Storage System market opportunities vary by end market size?

How does Floating Energy Storage System break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.