Global Energy Storage Battery for Microgrids Market Insights, Forecast to 2025
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%.
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.
The Energy Storage Battery for Microgrids market was valued at 190 Million US$ in 2018 and is projected to reach 340 Million US$ by 2025, at a CAGR of 7.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Energy Storage Battery for Microgrids.
This report presents the worldwide Energy Storage Battery for Microgrids market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
NGK Group
Samsung SDI
NEC
Panasonic
MHI
Toshiba
S&C Electric
Beacon Power
CALMAC
Saft
Sumitomo Electric
EnSync
Eos Energy Storage
OutBack Power
Younicos
BYD
CALB
ATL
Rongke Power
Shen-li High Tech
Meineng
Chilwee
Narada
Energy Storage Battery for Microgrids Breakdown Data by Type
Sodium-sulfur battery
VRLA Lead Acid
Lithium-ion
Others
Energy Storage Battery for Microgrids Breakdown Data by Application
Household
Enterprise
Utility
Energy Storage Battery for Microgrids Production by Region
United States
Europe
China
Japan
Other Regions
Energy Storage Battery for Microgrids Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Energy Storage Battery for Microgrids status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Energy Storage Battery for Microgrids manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Energy Storage Battery for Microgrids :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (KW). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Energy Storage Battery for Microgrids market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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%.
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.
The Energy Storage Battery for Microgrids market was valued at 190 Million US$ in 2018 and is projected to reach 340 Million US$ by 2025, at a CAGR of 7.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Energy Storage Battery for Microgrids.
This report presents the worldwide Energy Storage Battery for Microgrids market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
NGK Group
Samsung SDI
NEC
Panasonic
MHI
Toshiba
S&C Electric
Beacon Power
CALMAC
Saft
Sumitomo Electric
EnSync
Eos Energy Storage
OutBack Power
Younicos
BYD
CALB
ATL
Rongke Power
Shen-li High Tech
Meineng
Chilwee
Narada
Energy Storage Battery for Microgrids Breakdown Data by Type
Sodium-sulfur battery
VRLA Lead Acid
Lithium-ion
Others
Energy Storage Battery for Microgrids Breakdown Data by Application
Household
Enterprise
Utility
Energy Storage Battery for Microgrids Production by Region
United States
Europe
China
Japan
Other Regions
Energy Storage Battery for Microgrids Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Energy Storage Battery for Microgrids status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Energy Storage Battery for Microgrids manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Energy Storage Battery for Microgrids :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (KW). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Energy Storage Battery for Microgrids market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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