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The global Energy Storage System for Maritime market was valued at US$ 126.6 million in 2022 and is projected to reach US$ 260.2 million by 2029, at a CAGR of 10.8% during the forecast period.
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.
