Chitranshi is a Team Leader in the Chemicals & Materials (CnM) and Energy & Power (EnP) domains, with 6+ years of experience in market research. She leads and mentors teams to deliver cross-domain projects that equip clients with actionable insights and growth strategies.
She is skilled in market estimation, forecasting, competitive benchmarking, and both primary & secondary research, enabling her to turn complex data into decision-ready insights. An engineer and MBA professional, she combines technical expertise with strategic acumen to solve dynamic market challenges.
Chitranshi has successfully managed projects that support market entry, investment planning, and competitive positioning, while building strong client relationships. Certified in Advanced Excel & Power BI she leverages data-driven approaches to ensure accuracy, clarity, and impactful outcomes.
The secondary research process involved comprehensive analysis of energy regulatory databases, maritime authority publications, technical standards documentation, and authoritative energy organizations. Key sources included the International Energy Agency (IEA), International Renewable Energy Agency (IRENA), US Energy Information Administration (EIA), Federal Energy Regulatory Commission (FERC), Bureau of Ocean Energy Management (BOEM), Bureau of Safety and Environmental Enforcement (BSEE), UK Offshore Petroleum Regulator for Environment and Decommissioning (OPRED), Norwegian Petroleum Directorate (NPD), International Electrotechnical Commission (IEC), Institute of Electrical and Electronics Engineers (IEEE), DNV Maritime & Energy, Global Wind Energy Council (GWEC), Offshore Wind Europe, International Maritime Organization (IMO), US Department of Energy (DOE) Office of Electricity, EU Eurostat Energy Database, national grid operators (National Grid, TenneT, RTE), and offshore renewable energy deployment reports from key maritime nations.
Offshore installation statistics, capacity expansion data, maritime safety compliance records, grid integration studies, and technology deployment trends for compressed air energy storage, flywheel systems, battery energy storage systems, and pumped hydro storage in offshore environments were gathered from these sources.
Primary Research
To gather both qualitative and quantitative insights, supply-side and demand-side stakeholders were interviewed during the primary research process. CEOs, CTOs of Energy Storage, offshore project directors, heads of regulatory compliance, and business development leads from offshore wind developers, maritime engineering firms, and manufacturers of energy storage systems were among the supply-side sources. Utility procurement chiefs, operators of offshore wind farms, managers of maritime assets, experts in grid integration, EPC contractors from offshore renewable projects, transmission system operators, and energy trading firms were among the demand-side suppliers. In addition to verifying project pipeline capacity and validating technology deployment schedules, primary research also collected information on long-term operations and maintenance plans, grid connection protocols, maritime environmental compliance, and subsea installation logistics.
Primary Respondent Breakdown:
By Designation: C-level Primaries (28%), Director Level (42%), Others (30%)
By Region: North America (32%), Europe (32%), Asia-Pacific (28%), Rest of World (8%)
Market Size Estimation
Analysis of offshore capacity deployment and revenue mapping were used to determine the global market valuation. The following were part of the methodology:
Finding more than forty-five major producers and technology suppliers of marine-grade energy storage systems across North America, Europe, Asia-Pacific, and Latin America
Technology mapping for battery energy storage systems (floating/substation configurations), flywheel energy storage (offshore platforms), compressed air energy storage (subsurface caverns), and pumped hydro storage (subsea reservoirs)
Examination of modeled and reported yearly revenues for supplier chains for maritime components and offshore energy storage portfolios
coverage of offshore wind developers with captive storage assets as well as manufacturers and integrators accounting for 70–75% of the worldwide market share in 2024
To determine segment-specific valuations for utility-scale and commercial offshore installations, extrapolation is done using top-down (manufacturer revenue validation and EPC contractor margin analysis) and bottom-up (offshore project capacity deployment × unit cost by technology type and water depth) approaches.
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