Energy storage battery for microgrids is an energy reservoir that can store electrical energy and supply energy when required. Such a battery system has the added advantage of matching generation to the time of use and enables peak-shaving applications. Battery-based energy storage is more environmentally-friendly than traditional diesel generators and significantly reduces the fuel and sizing needs for common backup generators. Even small amounts of energy storage can have a major impact on reducing fuel costs, maintenance and omissions of diesel or bio-diesel generators.
The global energy storage battery for microgrids industry mainly concentrates in EU, USA and Japan. The global leading players in this market are NGK Group, Samsung SDI, NEC, Panasonic, MHI and Toshiba etc., which accounts for 49.38% of total revenue in 2015. In China the market leaders are BYD, CALB and ATL.
The USA and China are the major consumer regions in global energy storage battery for microgrids market. The energy storage battery for microgrids is mainly used in household, enterprise, utility. The application market share of Utility is up to 87.68%.
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Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of energy storage products at home and abroad, many companies began to enter the field. Currently, the Chinese energy storage battery for microgrids is not only begun to transit to renewable energy installations field, while still extend in the downstream industry chain.
According to this study, over the next five years the Energy Storage Battery for Microgrids market will register a 8.7% CAGR in terms of revenue, the global market size will reach US$ 320 million by 2024, from US$ 190 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Energy Storage Battery for Microgrids business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Energy Storage Battery for Microgrids market by product type, application, key manufacturers and key regions and countries.
This study considers the Energy Storage Battery for Microgrids value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
- Sodium-sulfur battery
- VRLA Lead Acid
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
- United States
- Southeast Asia
- Middle East & Africa
- South Africa
- GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
- NGK Group
- Samsung SDI
- S&C Electric
- Beacon Power
- Sumitomo Electric
- Eos Energy Storage
- OutBack Power
- Rongke Power
- Shen-li High Tech
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Energy Storage Battery for Microgrids consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Energy Storage Battery for Microgrids market by identifying its various subsegments.
Focuses on the key global Energy Storage Battery for Microgrids manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Energy Storage Battery for Microgrids with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Energy Storage Battery for Microgrids submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Table of content
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Energy Storage Battery for Microgrids Consumption 2014–2024
2.1.2 Energy Storage Battery for Microgrids Consumption CAGR by Region
2.2 Energy Storage Battery for Microgrids Segment by Type
2.2.1 Sodium-sulfur battery
2.2.2 VRLA Lead Acid
2.3 Energy Storage Battery for Microgrids Consumption by Type
2.3.1 Global Energy Storage Battery for Microgrids Consumption Market Share by Type (2014–2019)
2.3.2 Global Energy Storage Battery for Microgrids Revenue and Market
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