Press release
Off-grid Energy Storage Market to Witness High Growth in near future: Leading Key Players SAFT, Sonnen, NEC Energy Solutions, Sumitomo Electric Industries, Fronius, LG Chem, Aquion Energy, Toshiba, Samsung SDI, Mitsubishi Heavy Industries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report Energy Sys, SAFT, Sonnen, NEC Energy Solutions, Sumitomo Electric Industries, Fronius, LG Chem, Aquion Energy, Toshiba, Samsung SDI, Mitsubishi Heavy Industries,ZEN Energy, Enphase, CALB, Tianneng Battery.
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Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is sometimes called an accumulator or battery.
In the coming years there is an increasing demand for off-grid energy storage systems in the regions of developing regions that is expected to drive the market for more advanced off-grid energy storage systems. More-intense competition, launches in introducing new products, increasing of spending on renewable energy, retrofitting and renovation of old technology, increasing adoption of off-grid energy storage systems will drive growth in developing regions market.
Over the next five years, projects that Off-grid Energy Storage Systems will register a 6.7% CAGR in terms of revenue, reach US$ 560 million by 2023, from US$ 380 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Off-grid Energy Storage Systems market by product type, application, key manufacturers and key regions.
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Segmentation by product type:
• Lithium-ion Battery
• Lead-acid Battery
• Others
Segmentation by application:
• Family Backup Power
• Industrial UPS
• Unattended Equipment
• Others
Research objectives:
To study and analyze the global Off-grid Energy Storage market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Off-grid Energy Storage market by identifying its various subsegments.
Focuses on the key global Off-grid Energy Storage players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Off-grid Energy Storage 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 size of Off-grid Energy Storage 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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