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Global Off-grid Energy Storage Market 2015-2019

Off-grid Energy Storage Sector: Worldwide Forecast until 2019

  • November 2015
  • 70 pages
  • ID: 4213440
In this report:
The Americas is expected to hold a ##.##% market share by 2019, followed by EMEA with ##% and APAC with ##.##%.
Lead-acid battery production occupies a share of more than ##% in the overall production of lead of around ## million tons of lead production.
Lead-acid are expected to have a share of ##.##%, followed by sodium-based batteries with ##.##%, and other batteries with ##.##%.

Summary

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Market outlook of the overall off-grid energy storage sector

Energy storage systems are used to store excess electricity that can be utilized during power shortages, blackouts, and peak hours of demand. The worldwide market for off-grid energy storage is influenced by the need to preserve off-grid issues such as grid stability, grid flexibility, and frequency regulation. These factors promote increase in this sector during the estimate period and results in its steady Compound annual growth rate of nearly 7.50 percent by 2019.

Research company's market research analyst has estimated eminent factors, including its ability to mitigate intermittent nature of renewables, to drive industry growth during the time frame of 2014 and 2019. Energy storage helps in the smoothing and supply shift of renewable energy sources such as wind and solar PV. It also helps to optimize the variable renewable energy feed-in to the grid, which is anticipated to drive the industry for battery based energy storage during the outlook period.

What is the current competitive panorama? Who are the main vendors?

This industry is dominated by multiple overall, regional, and local merchants who provide high-tech, customized batteries for energy storage. The development and introduction of Li-ion, sodium-sulphur, and advanced lead-acid battery products during the forecast is anticipated to augment the revenue-generating capacity for sellers as it benefits them to overcome competition and gain prominence in the sector.

Other main sellers analyzed in this market study are GE Energy Storage, Mitsubishi Heavy Industries, Amperex Technology Limited, Boston Power, China Avaiation Lithium Battery Co., Ltd., Enersys, Primus Power, Sumitomo Electric Industries, Ltd., Toshiba, and Xtreme Power Inc.

Technological division of the off-grid energy storage sector

In this market research report, analysts envisage the Li-ion battery segment to dominate the overall market for off-grid energy storage during the estimate period. Factors such as its growing efficiency and decreasing price are anticipated to account for its high market share of nearly 45.0 percent by 2019.

Geographical division of the off-grid energy storage sector

- Americas

- Europe, Middle East and Africa (EMEA)

- Asia-Pac

In this market research, Analysts estimate the whole Americas to account for the biggest market share during the outlook period. This region's high market share can be attributed to factors such as the introduction of encouraging government policies, the growing adoption of microgrids, and the consumer-driven interest to minimize CO2 emissions.

What are the main questions answered?n the market research

contain

- What will the market value and the increase rate be in 2019?

- What are the most significant drivers yielding the overall off-grid energy storage sector?

- What are the main segment trends affecting the growth of the overall off-grid energy storage sector?

- What are the conditions to market growth?

- Who are the main vendors in the overall off-grid energy storage sector?

- What are the opportunities in this industry and segment risks faced by the sellers in the overall off-grid energy storage sector?

- Trending factors influencing the market shares of the EMEA, Americas, and Asia-Pac?

- What are the main outcomes of the Porter 5 forces analysis of the overall off-grid energy storage sector?

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