Press release
Energy Storage Battery For Microgrids Market (2018-2026) Size, Share, Future Trends And Forecast By Industry Top Players: Samsung, Panasonic, Sumitomo Electric, EnSync, Younicos
Energy Storage Battery For Microgrids
The Energy Storage Battery for Microgrids market is expected to grow from USD 186.7 million in 2018 to USD 411.2 million by 2026, at a CAGR of 9.72% during the forecast period. Introduction of sustainable energy fuels, thus, replacing natural gas or diesel fuels with renewable fuels, such as solar PV and wind, into microgrids, reducing the fuel consumption, rising demand of energy storage products for residential use, increasing need for convergence of the energy storage and microgrid technology markets, since they constitute an advanced battery for grid-tied and remote microgrid applications and rising prices of electricity, giving a path to the growth of battery-based energy storage systems for microgrids are some of the driving factors of the market.
Lack of universal acceptance and high deployment costs may restrain the growth of the Energy Storage Battery for Microgrids market.
In market segmentation by manufacturers, the Energy Storage Battery For Microgrids report covers the following
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, among others
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Energy Storage Battery For Microgrids Market split by Type, can be divided into:
• Sodium-sulfur battery
• VRLA Lead Acid
• Lithium-ion
• Others
Energy Storage Battery For Microgrids Market split by Application, can be divided into:
• Household or residential
• Enterprise
• Utility
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Further key findings from the report suggest:
• The Energy Storage Battery for Microgrids market is segmented by type into sodium-sulfur battery, VRLA lead acid, lithium-ion and others. The Lithium-ion batteries are expected to witness highest growth of approx. CAGR of 10.92% during the forecast period, since they are reliable, durable, light weight, highly efficient in terms of charge/discharge, as well as provides high energy and power density in terms of volume, and requires low maintenance needs.
• The Energy Storage Battery for Microgrids market is segmented by application into household or residential, enterprise and utility. Utilities segment is expected to witness highest growth of CAGR 10.07% during the forecast period, since the segments suffers a lot of voltage and frequency deviations, which causes power fluctuations, damaging the equipment. To recover this issue, the utilities accommodate battery energy storage systems with the microgrids, which is also a cost-effective alternative to the conventional infrastructure.
• The Energy Storage Battery for Microgrids Market is segmented by Geography into North, America, Europe, Asia Pacific, Middle East & Africa and Latin America. APAC is expected to have the highest growth in the market, with a CAGR of 15.65% during the forecast period, due to the growth of Japan. Japanese government is heavily investing on battery storage industry, some of the leading players being Hitachi, GS Yuasa, NEC, Panasonic and Mitsubishi. The region alone is expected to hold >50% of the global battery storage market by 2020.
• Key players with in Energy Storage Battery for Microgrids market are 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, among others.
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
In this study, the years considered to estimate the market size of Energy Storage Battery For Microgrids are as follows:
History Year:2017
Base Year: 2018
Forecast Year 2019 to 2026
The Energy Storage Battery For Microgrids further aims at providing insight into:
• The major industry terms and forecasts the Energy Storage Battery For Microgrids, in terms of growth rate, value as well as segmentation on the basis of technology advancements, application share, and geography.
• The market size across major regions including North America, Asia Pacific, Europe, as well as Rest of the World.
• The micro markets with regards to company growth, prospects, as well as a contribution to the Energy Storage Battery For Microgrids industry.
• Data regarding the major drivers, restraining factors, challenges and opportunities affecting the growth rate of the industry.
• Information about growing investment pockets and competitive landscape for prominent players in the industry.
• The value chain pertaining to the Energy Storage Battery For Microgrids market.
The report provides answers to the questions below:
• `What will be the status of competitive development including expansion, product and service launches and other developments?
• How much funds are major companies rolling out for their research and development activities in the Energy Storage Battery For Microgrids space?
• Based on the end user, which category of the Energy Storage Battery For Microgrids is projected to grow rapidly at the highest CAGR from 2019 to 2026?
• Among product and service types, which segment will lead the Energy Storage Battery For Microgrids industry during the forecast period?
• Which region is expected to make more sales from 2019 to 2026?
Key Points From TOC:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Energy Storage Battery For Microgrids Market Segmentation & Impact Analysis
Chapter 5. Energy Storage Battery For Microgrids Market By Type of Service Insights & Trends
Chapter 6. Energy Storage Battery For Microgrids Market By Industry Verticals Insights & Trends
Chapter 7. Energy Storage Battery For Microgrids Market By Size of Organization Insights & Trends
Chapter 8. Energy Storage Battery For Microgrids Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Browse complete Energy Storage Battery For Microgrids report description And Full TOC@ https://www.reportsanddata.com/report-detail/energy-storage-battery-for-microgrids-market
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