Market Overview:
The global distributed energy storage system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for distributed energy storage systems from various applications, such as transportation, grid storage, communication base station, and others. In addition, the growing awareness about the benefits of using distributed energy storage systems is also contributing to the growth of this market.
Product Definition:
Distributed energy storage systems (DESS) are a group of interconnected energy storage devices that provide power to loads at or near the point of use. These systems can help balance supply and demand, improve grid reliability, and reduce emissions from the grid. Importantly, DESS can also defer or avoid infrastructure upgrades by providing services that would otherwise require upgrading the electric distribution network.
Single-phase Type:
Single-phase type is the conventional battery technology that has been used since 1859. It is one of the most cost-effective and reliable forms of energy storage system. The growth factor in this market will be determined by cost reduction, better performance & efficiency, reliability & scalability along with a surge in demand for grid interconnections from emerging economies such as India and China.
Three-phase Type:
The three-phase type is used in distributed energy storage system to store electrical energy. It has a simple structure, which consists of an electric motor and a battery. The battery stores the electrical energy and provides it to the motor whenever required. Three-phase types are mostly used for commercial buildings as they require less maintenance cost, low operational costs along with easy installation process as compared to other transformer types such as single-phase or two-phase transformers.
Application Insights:
The grid storage application segment accounted for the largest market share of more than 40% in 2017. The growth is attributed to the growing need for managing peak demand as well as increasing investments by governments and private companies in order to develop new sources of renewable energy.
The communication base station application segment is expected to witness significant growth over the forecast period owing to its ability provide remote areas with electricity, 24 hours a day, seven days a week. Such an application requires very large-scale batteries due to its high power consumption requirements resulting in increased demand for distributed energy storage systems across this sector.
Regional Analysis:
Asia Pacific regional market accounted for the largest share of more than 40.0% in 2017, owing to increasing adoption of distributed energy storage systems across various applications such as transportation, communication base station and grid-scale storage. The region is expected to witness significant growth over the forecast period due to growing penetration of solar PV based power generation system across residential and commercial sectors in countries such as China, Japan and India.
The European regional market is anticipated to grow at a significant rate over the forecast period owing to rising investments by major multinational companies towards deployment of DEDSs for peak load reduction or grid-scale applications. Moreover, favorable government initiatives aimed at reducing carbon footprint are expected drive demand for clean distributed generation sources including Distributed Energy Resources (DERs). This factor is also projected to propel industry expansion over next eight years in Europe's electric sector marketplace.
North America held a substantial share in global industry expansion owing with U.S.
Growth Factors:
- Increasing demand for distributed energy storage systems from the commercial and industrial sectors due to the need for reliable and uninterrupted power supply
- Favorable government policies and regulations for promoting the use of renewable energy sources, which is expected to drive the growth of the distributed energy storage market
- Growing investments in smart grid infrastructure projects worldwide
- Rising concerns over climate change and air pollution, which is expected to increase demand for distributed energy storage systems that can help reduce emissions
- Proliferation of microgrids, which is anticipated to boost adoption of distributed energy storage systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Distributed Energy Storage System Market Research Report
By Type
Single-phase Type, Three-phase Type, Double-phase Fire Line Type
By Application
Transportation, Grid Storage, Communication Base Station, Others
By Companies
ABB, Siemens, BYD, MCV Energy, Johnson Controls, Schneider Electric, AES Energy Stor, Toshiba, Hitachi, GS Yuasaage, Sharp, LG Chem, Nova Greentech, NGK Insulators, Exide Technologies, Nippon Chemi-Con Corporation, Beacon Power
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Distributed Energy Storage System Market Report Segments:
The global Distributed Energy Storage System market is segmented on the basis of:
Types
Single-phase Type, Three-phase Type, Double-phase Fire Line Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation, Grid Storage, Communication Base Station, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- BYD
- MCV Energy
- Johnson Controls
- Schneider Electric
- AES Energy Stor
- Toshiba
- Hitachi
- GS Yuasaage
- Sharp
- LG Chem
- Nova Greentech
- NGK Insulators
- Exide Technologies
- Nippon Chemi-Con Corporation
- Beacon Power
Highlights of The Distributed Energy Storage System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-phase Type
- Three-phase Type
- Double-phase Fire Line Type
- By Application:
- Transportation
- Grid Storage
- Communication Base Station
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Distributed Energy Storage System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A distributed energy storage system (DES) is a type of electric grid storage system that uses multiple interconnected batteries or capacitors to store energy from intermittent sources, such as solar and wind power. When the electricity demand exceeds the supply, DES can provide an instant boost to the grid by releasing stored energy. This helps to stabilize prices and avoid outages.
Some of the major companies in the distributed energy storage system market are ABB, Siemens, BYD, MCV Energy, Johnson Controls, Schneider Electric, AES Energy Stor, Toshiba, Hitachi, GS Yuasaage, Sharp, LG Chem, Nova Greentech, NGK Insulators, Exide Technologies, Nippon Chemi-Con Corporation, Beacon Power.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Distributed Energy Storage System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Distributed Energy Storage System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Distributed Energy Storage System Market - Supply Chain
4.5. Global Distributed Energy Storage System Market Forecast
4.5.1. Distributed Energy Storage System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Distributed Energy Storage System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Distributed Energy Storage System Market Absolute $ Opportunity
5. Global Distributed Energy Storage System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Distributed Energy Storage System Market Size and Volume Forecast by Type
5.3.1. Single-phase Type
5.3.2. Three-phase Type
5.3.3. Double-phase Fire Line Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Distributed Energy Storage System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Distributed Energy Storage System Market Size and Volume Forecast by Application
6.3.1. Transportation
6.3.2. Grid Storage
6.3.3. Communication Base Station
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Distributed Energy Storage System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Distributed Energy Storage System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Distributed Energy Storage System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Distributed Energy Storage System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Distributed Energy Storage System Demand Share Forecast, 2019-2026
9. North America Distributed Energy Storage System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Distributed Energy Storage System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Distributed Energy Storage System Market Size and Volume Forecast by Application
9.4.1. Transportation
9.4.2. Grid Storage
9.4.3. Communication Base Station
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Distributed Energy Storage System Market Size and Volume Forecast by Type
9.7.1. Single-phase Type
9.7.2. Three-phase Type
9.7.3. Double-phase Fire Line Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Distributed Energy Storage System Demand Share Forecast, 2019-2026
10. Latin America Distributed Energy Storage System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Distributed Energy Storage System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Distributed Energy Storage System Market Size and Volume Forecast by Application
10.4.1. Transportation
10.4.2. Grid Storage
10.4.3. Communication Base Station
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Distributed Energy Storage System Market Size and Volume Forecast by Type
10.7.1. Single-phase Type
10.7.2. Three-phase Type
10.7.3. Double-phase Fire Line Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Distributed Energy Storage System Demand Share Forecast, 2019-2026
11. Europe Distributed Energy Storage System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Distributed Energy Storage System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Distributed Energy Storage System Market Size and Volume Forecast by Application
11.4.1. Transportation
11.4.2. Grid Storage
11.4.3. Communication Base Station
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Distributed Energy Storage System Market Size and Volume Forecast by Type
11.7.1. Single-phse Type
11.7.2. Three-phase Type
11.7.3. Double-phase Fire Line Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Distributed Energy Storage System Demand Share, 2019-2026
12. Asia Pacific Distributed Energy Storage System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Distributed Energy Storage System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Distributed Energy Storage System Market Size and Volume Forecast by Application
12.4.1. Transportation
12.4.2. Grid Storage
12.4.3. Communication Base Station
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Distributed Energy Storage System Market Size and Volume Forecast by Type
12.7.1. Single-phase Type
12.7.2. Three-phase Type
12.7.3. Double-phase Fire Line Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Distributed Energy Storage System Demand Share, 2019-2026
13. Middle East & Africa Distributed Energy Storage System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Distributed Energy Storage System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Distributed Energy Storage System Market Size and Volume Forecast by Application
13.4.1. Transportation
13.4.2. Grid Storage
13.4.3. Communication Base Station
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Distributed Energy Storage System Market Size and Volume Forecast by Type
13.7.1. Single-phase Type
13.7.2. Three-phase Type
13.7.3. Double-phase Fire Line Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Distributed Energy Storage System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Distributed Energy Storage System Market: Market Share Analysis
14.2. Distributed Energy Storage System Distributors and Customers
14.3. Distributed Energy Storage System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BYD
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MCV Energy
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Johnson Controls
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schneider Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AES Energy Stor
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Toshiba
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hitachi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GS Yuasaage
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sharp
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LG Chem
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nova Greentech
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. NGK Insulators
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Exide Technologies
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Nippon Chemi-Con Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Beacon Power
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
