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The energy storage for microgrids market is forecast to grow by USD 2.09 billion during 2023-2028, accelerating at a CAGR of 22.79% during the forecast period. The report on the energy storage for microgrids 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 increasing government support and microgrid energy storage installation projects, increasing economic benefits of energy storage microgrids, and surging use of microgrids for rural electrification.
The energy storage for microgrids market is segmented as below:
By Application
- Remote
- Community and utility
- Institution and campus
- Military
By Battery Type
- Lithium-ion batteries
- Lead-acid batteries
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the energy storage for microgrids market covers the following areas:
- Energy storage for microgrids market sizing
- Energy storage for microgrids market forecast
- Energy storage for microgrids 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 publisher 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 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 Application
7 Market Segmentation by Battery Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global energy storage for microgrids market: ABB Ltd., AEG Power Solutions BV, Aquion Energy, AT&T Inc., Beacon Power Systems, David MacBrayne Ltd., EnerSys, General Electric Co., GS Yuasa International Ltd., Hitachi Ltd., LG Corp., Mitsubishi Heavy Industries Ltd., Morimura Bros Inc., Panasonic Holdings Corp., S and C Electric Co., Samsung Electronics Co. Ltd., Shell plc, Sumitomo Electric Industries Ltd., Toshiba Corp., and TotalEnergies SE.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is advancements in technology."
According to the report, one of the major drivers for this market is the increasing government support and microgrid energy storage installation projects.
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:
- ABB Ltd.
- AEG Power Solutions BV
- Aquion Energy
- AT&T Inc.
- Beacon Power Systems
- David MacBrayne Ltd.
- EnerSys
- General Electric Co.
- GS Yuasa International Ltd.
- Hitachi Ltd.
- LG Corp.
- Mitsubishi Heavy Industries Ltd.
- Morimura Bros Inc.
- Panasonic Holdings Corp.
- S and C Electric Co.
- Samsung Electronics Co. Ltd.
- Shell plc
- Sumitomo Electric Industries Ltd.
- Toshiba Corp.
- TotalEnergies SE
