Global Off-grid Energy Storage Market 2015-2019 Comparative Analysis,Shares and Latest Updates Report
Global Off-grid Energy Storage Market 2015-2019 Size and Share Published in 2015-11-11 Available for US$ 2500 at Researchmoz.us
Description
Market outlook of the global off-grid energy storage market
Energy storage systems are used to store excess electricity that can be utilized during power shortages, blackouts, and peak hours of demand. The global market for off-grid energy storage is driven by the need to maintain off-grid issues like grid stability, grid flexibility, and frequency regulation. These factors promote growth in this market during the forecast period and results in its steady CAGR of nearly 7.5% by 2019.
Technavios market research analyst has estimated eminent factors, such as its ability to mitigate intermittent nature of renewables, to drive market growth during the period of 2014 and 2019. Energy storage helps in the smoothing and supply shift of renewable energy sources like wind and solar PV. It also helps to optimize the variable renewable energy feed-in to the grid, which is expected to drive the market for battery based energy storage during the forecast period.
Competitive landscape and key vendors
This market is dominated by multiple global, regional, and local vendors who provide high-tech, customized batteries for energy storage. The development and introduction of Li-ion, sodium-sulphur, and advanced lead-acid battery products during the forecast is expected to augment the revenue-generating capacity for vendors as it helps them to overcome competition and gain prominence in the market.
Key vendors in this market are -
Aquion Energy
Green Charge
LG Chem
NEC Energy Solutions
NRG Energy
Other prominent vendors analyzed in this market study are GE Energy Storage, Mitsubishi Heavy Industries, Amperex Technology Limited, Boston Power, China Avaiation Lithium Battery Co., Ltd., Enersys, Primus Power, Sumitomo Electric Industries, Ltd., Toshiba, and Xtreme Power Inc.
Technological segmentation of the off-grid energy storage market
Li-ion battery
Sodium-based battery
Lead-acid battery
Others
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In this market research report, analysts envisage the Li-ion battery segment to dominate the global market for off-grid energy storage during the forecast period. Factors like its increasing efficiency and decreasing price are expected to account for its high market share of nearly 45% by 2019.
Geographical segmentation of the off-grid energy storage market
Americas
EMEA
APAC
In this market research, Technavio analysts estimate the Americas to account for the largest market share during the forecast period. This regions high market share can be attributed to factors like the introduction of favorable government policies, the rising adoption of microgrids, and the consumer-driven interest to reduce CO2 emissions.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the global off-grid energy storage market?
What are the key market trends impacting the growth of the global off-grid energy storage market?
What are the challenges to market growth?
Who are the key vendors in the global off-grid energy storage market?
What are the market opportunities and threats faced by the vendors in the global off-grid energy storage market?
Trending factors influencing the market shares of the EMEA, Americas, and APAC?
What are the key outcomes of the five forces analysis of the global off-grid energy storage market?
Technavio also offers customization on reports based on specific client requirement.
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Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
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