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Off-grid Energy Storage System Market 2024-2028

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    Report

  • 152 Pages
  • July 2024
  • Region: Global
  • TechNavio
  • ID: 5681506
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The off-grid energy storage system market is forecasted to grow by USD 6.1 billion during 2023-2028, accelerating at a CAGR of 6.9% during the forecast period. The report on the off-grid energy storage system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by change in energy mix, increased need for backup power, and increasing economic benefits of ess.

The off-grid energy storage system market is segmented as below:

By Battery Type

  • Li-ion
  • LAB
  • Sodium based batteries
  • Others

By Geography

  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the increased adoption of microgrids as one of the prime reasons driving the off-grid energy storage system market growth during the next few years. Also, rise in power consumption and decline in cost of esss will lead to sizable demand in the market.

The report on the off-grid energy storage system market covers the following areas:

  • Off-grid energy storage system market sizing
  • Off-grid energy storage system market forecast
  • Off-grid energy storage system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading off-grid energy storage system market vendors that include Amperex Technology Ltd., Aquion Energy, Boston Power, CALB Co. Ltd., CEA, EnerSys, Fronius International GmbH, General Electric Co., LG Energy Solution Ltd., Mitsubishi Heavy Industries Ltd., NEC Corp., NRG Energy Inc., Primus Power Solutions, Saft Groupe SAS, Samsung SDI Co. Ltd., Sonnen GmbH, Sumitomo Electric Industries Ltd., Toshiba Corp., Xtreme Power Inc., and ZEN Energy Retail Pty Ltd. Also, the off-grid energy storage system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by Battery Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Off-Grid Energy Storage System Market 2018 - 2022
Historic Market Size - Data Table on Global Off-Grid Energy Storage System Market 2018 - 2022 ($ billion)
4.2 Battery Type segment analysis 2018 - 2022
Historic Market Size - Battery Type Segment 2018 - 2022 ($ billion)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Battery Type
6.1 Market segments
Chart on Battery Type - Market share 2023-2028 (%)
Data Table on Battery Type - Market share 2023-2028 (%)
6.2 Comparison by Battery Type
Chart on Comparison by Battery Type
Data Table on Comparison by Battery Type
6.3 Li-ion - Market size and forecast 2023-2028
Chart on Li-ion - Market size and forecast 2023-2028 ($ billion)
Data Table on Li-ion - Market size and forecast 2023-2028 ($ billion)
Chart on Li-ion - Year-over-year growth 2023-2028 (%)
Data Table on Li-ion - Year-over-year growth 2023-2028 (%)
6.4 LAB - Market size and forecast 2023-2028
Chart on LAB - Market size and forecast 2023-2028 ($ billion)
Data Table on LAB - Market size and forecast 2023-2028 ($ billion)
Chart on LAB - Year-over-year growth 2023-2028 (%)
Data Table on LAB - Year-over-year growth 2023-2028 (%)
6.5 Sodium based batteries - Market size and forecast 2023-2028
Chart on Sodium based batteries - Market size and forecast 2023-2028 ($ billion)
Data Table on Sodium based batteries - Market size and forecast 2023-2028 ($ billion)
Chart on Sodium based batteries - Year-over-year growth 2023-2028 (%)
Data Table on Sodium based batteries - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ billion)
Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Battery Type
Market opportunity by Battery Type ($ billion)
Data Table on Market opportunity by Battery Type ($ billion)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share by geography 2023-2028 (%)
Data Table on Market share by geography 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ billion)
Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.4 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ billion)
Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.9 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ billion)
Data Table on China - Market size and forecast 2023-2028 ($ billion)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.10 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.11 France - Market size and forecast 2023-2028
Chart on France - Market size and forecast 2023-2028 ($ billion)
Data Table on France - Market size and forecast 2023-2028 ($ billion)
Chart on France - Year-over-year growth 2023-2028 (%)
Data Table on France - Year-over-year growth 2023-2028 (%)
8.12 India - Market size and forecast 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ billion)
Data Table on India - Market size and forecast 2023-2028 ($ billion)
Chart on India - Year-over-year growth 2023-2028 (%)
Data Table on India - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity by geography
Market opportunity by geography ($ billion)
Data Tables on Market opportunity by geography ($ billion)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Amperex Technology Ltd.
Amperex Technology Ltd. - Overview
Amperex Technology Ltd. - Product / Service
Amperex Technology Ltd. - Key offerings
11.4 Aquion Energy
Aquion Energy - Overview
Aquion Energy - Product / Service
Aquion Energy - Key offerings
11.5 Boston Power
Boston Power - Overview
Boston Power - Product / Service
Boston Power - Key offerings
11.6 CALB Co. Ltd.
CALB Co. Ltd. - Overview
CALB Co. Ltd. - Product / Service
CALB Co. Ltd. - Key offerings
11.7 EnerSys
EnerSys - Overview
EnerSys - Business segments
EnerSys - Key news
EnerSys - Key offerings
EnerSys - Segment focus
11.8 General Electric Co.
General Electric Co. - Overview
General Electric Co. - Business segments
General Electric Co. - Key news
General Electric Co. - Key offerings
General Electric Co. - Segment focus
11.9 LG Energy Solution Ltd.
LG Energy Solution Ltd. - Overview
LG Energy Solution Ltd. - Product / Service
LG Energy Solution Ltd. - Key offerings
11.10 Mitsubishi Heavy Industries Ltd.
Mitsubishi Heavy Industries Ltd. - Overview
Mitsubishi Heavy Industries Ltd. - Business segments
Mitsubishi Heavy Industries Ltd. - Key news
Mitsubishi Heavy Industries Ltd. - Key offerings
Mitsubishi Heavy Industries Ltd. - Segment focus
11.11 NEC Corp.
NEC Corp. - Overview
NEC Corp. - Business segments
NEC Corp. - Key news
NEC Corp. - Key offerings
NEC Corp. - Segment focus
11.12 NRG Energy Inc.
NRG Energy Inc. - Overview
NRG Energy Inc. - Business segments
NRG Energy Inc. - Key offerings
NRG Energy Inc. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market by Geography
Exhibits 5: Executive Summary - Chart on Market Segmentation by Battery Type
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global Off-Grid Energy Storage System Market 2018 - 2022 ($ billion)
Exhibits 20: Historic Market Size - Battery Type Segment 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Battery Type - Market share 2023-2028 (%)
Exhibits 31: Data Table on Battery Type - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Battery Type
Exhibits 33: Data Table on Comparison by Battery Type
Exhibits 34: Chart on Li-ion - Market size and forecast 2023-2028 ($ billion)
Exhibits 35: Data Table on Li-ion - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Chart on Li-ion - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Li-ion - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on LAB - Market size and forecast 2023-2028 ($ billion)
Exhibits 39: Data Table on LAB - Market size and forecast 2023-2028 ($ billion)
Exhibits 40: Chart on LAB - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on LAB - Year-over-year growth 2023-2028 (%)
Exhibits 42: Chart on Sodium based batteries - Market size and forecast 2023-2028 ($ billion)
Exhibits 43: Data Table on Sodium based batteries - Market size and forecast 2023-2028 ($ billion)
Exhibits 44: Chart on Sodium based batteries - Year-over-year growth 2023-2028 (%)
Exhibits 45: Data Table on Sodium based batteries - Year-over-year growth 2023-2028 (%)
Exhibits 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 48: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 50: Market opportunity by Battery Type ($ billion)
Exhibits 51: Data Table on Market opportunity by Battery Type ($ billion)
Exhibits 52: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 53: Chart on Market share by geography 2023-2028 (%)
Exhibits 54: Data Table on Market share by geography 2023-2028 (%)
Exhibits 55: Chart on Geographic comparison
Exhibits 56: Data Table on Geographic comparison
Exhibits 57: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 58: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 59: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 62: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 63: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 66: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 67: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 70: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 71: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 74: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 75: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 78: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 79: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 82: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 83: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 86: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 87: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 89: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibits 90: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibits 91: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibits 92: Data Table on France - Year-over-year growth 2023-2028 (%)
Exhibits 93: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibits 94: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibits 95: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibits 96: Data Table on India - Year-over-year growth 2023-2028 (%)
Exhibits 97: Market opportunity by geography ($ billion)
Exhibits 98: Data Tables on Market opportunity by geography ($ billion)
Exhibits 99: Impact of drivers and challenges in 2023 and 2028
Exhibits 100: Overview on criticality of inputs and factors of differentiation
Exhibits 101: Overview on factors of disruption
Exhibits 102: Impact of key risks on business
Exhibits 103: Companies covered
Exhibits 104: Matrix on companies position and classification
Exhibits 105: Amperex Technology Ltd. - Overview
Exhibits 106: Amperex Technology Ltd. - Product / Service
Exhibits 107: Amperex Technology Ltd. - Key offerings
Exhibits 108: Aquion Energy - Overview
Exhibits 109: Aquion Energy - Product / Service
Exhibits 110: Aquion Energy - Key offerings
Exhibits 111: Boston Power - Overview
Exhibits 112: Boston Power - Product / Service
Exhibits 113: Boston Power - Key offerings
Exhibits 114: CALB Co. Ltd. - Overview
Exhibits 115: CALB Co. Ltd. - Product / Service
Exhibits 116: CALB Co. Ltd. - Key offerings
Exhibits 117: EnerSys - Overview
Exhibits 118: EnerSys - Business segments
Exhibits 119: EnerSys - Key news
Exhibits 120: EnerSys - Key offerings
Exhibits 121: EnerSys - Segment focus
Exhibits 122: General Electric Co. - Overview
Exhibits 123: General Electric Co. - Business segments
Exhibits 124: General Electric Co. - Key news
Exhibits 125: General Electric Co. - Key offerings
Exhibits 126: General Electric Co. - Segment focus
Exhibits 127: LG Energy Solution Ltd. - Overview
Exhibits 128: LG Energy Solution Ltd. - Product / Service
Exhibits 129: LG Energy Solution Ltd. - Key offerings
Exhibits 130: Mitsubishi Heavy Industries Ltd. - Overview
Exhibits 131: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibits 132: Mitsubishi Heavy Industries Ltd. - Key news
Exhibits 133: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibits 134: Mitsubishi Heavy Industries Ltd. - Segment focus
Exhibits 135: NEC Corp. - Overview
Exhibits 136: NEC Corp. - Business segments
Exhibits 137: NEC Corp. - Key news
Exhibits 138: NEC Corp. - Key offerings
Exhibits 139: NEC Corp. - Segment focus
Exhibits 140: NRG Energy Inc. - Overview
Exhibits 141: NRG Energy Inc. - Business segments
Exhibits 142: NRG Energy Inc. - Key offerings
Exhibits 143: NRG Energy Inc. - Segment focus
Exhibits 144: Inclusions checklist
Exhibits 145: Exclusions checklist
Exhibits 146: Currency conversion rates for US$
Exhibits 147: Research methodology
Exhibits 148: Information sources
Exhibits 149: Data validation
Exhibits 150: Validation techniques employed for market sizing
Exhibits 151: Data synthesis
Exhibits 152: 360 degree market analysis
Exhibits 153: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global off-grid energy storage system market: Amperex Technology Ltd., Aquion Energy, Boston Power, CALB Co. Ltd., CEA, EnerSys, Fronius International GmbH, General Electric Co., LG Energy Solution Ltd., Mitsubishi Heavy Industries Ltd., NEC Corp., NRG Energy Inc., Primus Power Solutions, Saft Groupe SAS, Samsung SDI Co. Ltd., Sonnen GmbH, Sumitomo Electric Industries Ltd., Toshiba Corp., Xtreme Power Inc., and ZEN Energy Retail Pty Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increased adoption of microgrids."

According to the report, one of the major drivers for this market is the change in energy mix.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Amperex Technology Ltd.
  • Aquion Energy
  • Boston Power
  • CALB Co. Ltd.
  • CEA
  • EnerSys
  • Fronius International GmbH
  • General Electric Co.
  • LG Energy Solution Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • NEC Corp.
  • NRG Energy Inc.
  • Primus Power Solutions
  • Saft Groupe SAS
  • Samsung SDI Co. Ltd.
  • Sonnen GmbH
  • Sumitomo Electric Industries Ltd.
  • Toshiba Corp.
  • Xtreme Power Inc.
  • ZEN Energy Retail Pty Ltd.