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Global Energy Storage Market for Microgrids 2017-2021

Energy Storage Sector, focus on Microgrids: Worldwide Forecast until 2021

  • August 2017
  • 78 pages
  • ID: 2432715
In this report:
The global energy storage application in the community and utility microgrids was valued at $##.## million in 2016 and is expected to reach $##.## million in 2021, growing at a CAGR of ##.##%.
The global energy storage application in institution and campus microgrids was valued at $##.## million in 2016 and is expected to reach $##.## in 2021, growing at a CAGR of ##.##%.

Summary

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About Energy Storage for Microgrids

A microgrid is a small group of power generation assets and energy storage equipment, generating power independently in order to meet local energy needs. A microgrid has the capability to island itself and is connected to the principal grid at a single point. An energy storage system is a technology used to store the surplus power that can be supplied later when required. Energy storage systems play a different role in microgrids. When renewables are used in the microgrid they serve as a voltage source, smoothing the intermittent power flow. For utilities, it helps in peak hour shaving, volt ampere reactive services, and black start.

The experts estimate the worldwide energy storage sector for microgrids to grow at a Compound annual growth rate of ~16.7 percent between 2017 and 2021.

What is the scope of this report?

The study describes the ongoing situation and its growth expectations of the global energy storage sector for microgrids for 2017-2021. To calculate the market value, the industry report considers additional installations, it includes energy storage systems (battery and fuel cells).

The sector is segmented into the specified segments established on area:

• Americas

• Asia-Pac

• Europe, Middle East and Africa (EMEA)

The market study, World-wide Energy Storage Sector for Microgrids 2017-2021, has been produced established on a comprehensive and detailed market studies with data coming from specialists of the sector. The study describes the market outlook and its growth expectations over the next years. This study also comprises conversations with top vendors operating in this segment.

• panasonic (TYO:6752)

• For a full, in-depth list, view our market report

What are the ongoing market challenges?

• High exit and standby costs

• For a full, exhaustive list, view our market report

How is the market going?

• Rapid advances in technology

• For a full, in-depth list, view our market report

What are the main questions answered in this report?

• What will both market value and growth rate be in 2021?

• What are the key market forecasts?

• What is driving this sector?

• What are the conditions to market growth?

• Who are the main vendors in this market environment?

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