Global Energy Storage Battery for Microgrids market is growing at a CAGR of 7.5% during 2018-2025
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 global Energy Storage Battery for Microgrids market is valued at 190 million US$ in 2017 and will reach 340 million US$ by the end of 2025, growing at a CAGR of 7.5% during 2018-2025.
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The major manufacturers covered in this report
Eos Energy Storage
Shen-li High Tech
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
VRLA Lead Acid
By Application, the market can be split into
The study objectives of this report are:
To analyze and study the global Energy Storage Battery for Microgrids capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Energy Storage Battery for Microgrids manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
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