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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.Speak directly to the analyst to clarify any post sales queries you may have.
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
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 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
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Battery Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
360 degree market analysis
List of Exhibits
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.