Market Overview:
The global energy storage software 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 energy storage solutions across various applications, rising concerns over climate change and emissions, and government initiatives and subsidies for promoting renewable energy sources. The global energy storage software market can be segmented on the basis of type into energy storage optimization, energy storage analytics, andenergy storage simulation. The power plant application segment is expected to account for the largest share of the globalenergystorage softwaremarket in 2018.
Product Definition:
Energy Storage Software is a type of software that helps companies manage their energy storage systems. This type of software can help businesses optimize their energy usage, predict when they will need to recharge their batteries, and track how much power they are using. Energy Storage Software is important because it can help businesses save money on their energy bills and make sure that their energy storage systems are running efficiently.
Energy Storage Optimization:
Energy Storage Optimization (ESO) is a software solution that helps to manage energy storage projects. It provides solutions for optimizing the performance and reliability of energy storage systems. The factors such as growing demand for renewable sources of energy, fluctuating power grid voltage, and load shedding are expected to drive the growth factor in this market during the forecast period.
Energy Storage Analytics:
Energy storage analytics is a software application that provides information to the user in a simple and easy to understand manner. It helps in optimizing energy consumption by providing useful insights on the basis of past data. The software also helps users make better decisions regarding their energy usage, which further help them reduce their carbon footprint at an individual level.
The global Energy Storage Analytics.
Application Insights:
The power plant application segment accounted for the largest market share of over 45% in 2017. The growth can be attributed to the growing need for managing and monitoring large-scale power generation across various sites. Furthermore, increasing number of renewable energy projects is expected to drive demand over the forecast period.
Residential applications are projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to rapidly rising electricity costs coupled with efforts by governments around the world toward promoting investments in residential energy storage systems. Increasing emphasis on reducing carbon emissions is also likely to propel demand over next seven years, particularly in Europe and North America regions where there has been a rise in deployment of residential solar photovoltaic (PV) systems during past few years.
Other applications include military.
Regional Analysis:
The North America regional market accounted for the largest revenue share in 2017. The growth is attributed to the presence of prominent players such as Alstom Grid, Inc.; Cummins; General Electric; and Siemens. These companies are engaged in developing and marketing energy storage software products that can be used across various industries including power generation, oil & gas, telecom, etc. Moreover, increasing adoption of renewable sources for electricity generation is expected to drive demand for battery energy storage systems over the forecast period.
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising investments by governments in countries such as China and India with large populations along with favorable government policies aimed at reducing carbon footprint associated with conventional fossil-fuel based power plants.
Growth Factors:
- Increasing demand for energy storage systems from the utility sector to store renewable energy
- Favorable government policies and regulations for the deployment of energy storage systems
- Growing demand for grid-scale and commercial & industrial (C&I) applications of energy storage systems
- Rising concerns over security of power supply and grid stability due to increasing share of renewables in the overall generation mix
- Technological advancements in software solutions for energy storage systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Energy Storage Software Market Research Report
By Type
Energy Storage Optimization, Energy Storage Analytics, Energy Storage Simulation
By Application
Power Plant, Residential, Military, Other
By Companies
Adara Power, Greensmith, Stem, Demand Energy, Doosan GridTech, EnSync Energy Systems, Green Charge Networks, Sunverge, Win Inertia, Aggreko, Growing Energy Labs, IHI Corp., Intelligent Generation, JLM Energy, SolarCity, Sonnen, Lockheed Martin, Advanced Microgrid Solutions, Ampard, Nikola Power, Peak Power, TWAICE
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Energy Storage Software Market Report Segments:
The global Energy Storage Software market is segmented on the basis of:
Types
Energy Storage Optimization, Energy Storage Analytics, Energy Storage Simulation
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
Power Plant, Residential, Military, Other
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:
- Adara Power
- Greensmith
- Stem
- Demand Energy
- Doosan GridTech
- EnSync Energy Systems
- Green Charge Networks
- Sunverge
- Win Inertia
- Aggreko
- Growing Energy Labs
- IHI Corp.
- Intelligent Generation
- JLM Energy
- SolarCity
- Sonnen
- Lockheed Martin
- Advanced Microgrid Solutions
- Ampard
- Nikola Power
- Peak Power
- TWAICE
Highlights of The Energy Storage Software 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:
- Energy Storage Optimization
- Energy Storage Analytics
- Energy Storage Simulation
- By Application:
- Power Plant
- Residential
- Military
- Other
- 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 Energy Storage Software 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?
Energy storage software is a type of software that helps businesses and homeowners store energy. It can help manage energy use, optimize usage, and predict costs. Energy storage software can also help identify opportunities to reduce energy consumption or generate electricity from renewable sources.
Some of the key players operating in the energy storage software market are Adara Power, Greensmith, Stem, Demand Energy, Doosan GridTech, EnSync Energy Systems, Green Charge Networks, Sunverge, Win Inertia, Aggreko, Growing Energy Labs, IHI Corp., Intelligent Generation, JLM Energy, SolarCity, Sonnen, Lockheed Martin, Advanced Microgrid Solutions, Ampard, Nikola Power, Peak Power, TWAICE.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Energy Storage Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Energy Storage Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Energy Storage Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Energy Storage Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Energy Storage Software Market Size & Forecast, 2018-2028
4.5.1 Energy Storage Software Market Size and Y-o-Y Growth
4.5.2 Energy Storage Software Market Absolute $ Opportunity
Chapter 5 Global Energy Storage Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Energy Storage Software Market Size Forecast by Type
5.2.1 Energy Storage Optimization
5.2.2 Energy Storage Analytics
5.2.3 Energy Storage Simulation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Energy Storage Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Energy Storage Software Market Size Forecast by Applications
6.2.1 Power Plant
6.2.2 Residential
6.2.3 Military
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Energy Storage Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Energy Storage Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Energy Storage Software Analysis and Forecast
9.1 Introduction
9.2 North America Energy Storage Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Energy Storage Software Market Size Forecast by Type
9.6.1 Energy Storage Optimization
9.6.2 Energy Storage Analytics
9.6.3 Energy Storage Simulation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Energy Storage Software Market Size Forecast by Applications
9.10.1 Power Plant
9.10.2 Residential
9.10.3 Military
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Energy Storage Software Analysis and Forecast
10.1 Introduction
10.2 Europe Energy Storage Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Energy Storage Software Market Size Forecast by Type
10.6.1 Energy Storage Optimization
10.6.2 Energy Storage Analytics
10.6.3 Energy Storage Simulation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Energy Storage Software Market Size Forecast by Applications
10.10.1 Power Plant
10.10.2 Residential
10.10.3 Military
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Energy Storage Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Energy Storage Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Energy Storage Software Market Size Forecast by Type
11.6.1 Energy Storage Optimization
11.6.2 Energy Storage Analytics
11.6.3 Energy Storage Simulation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Energy Storage Software Market Size Forecast by Applications
11.10.1 Power Plant
11.10.2 Residential
11.10.3 Military
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Energy Storage Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Energy Storage Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Energy Storage Software Market Size Forecast by Type
12.6.1 Energy Storage Optimization
12.6.2 Energy Storage Analytics
12.6.3 Energy Storage Simulation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Energy Storage Software Market Size Forecast by Applications
12.10.1 Power Plant
12.10.2 Residential
12.10.3 Military
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Energy Storage Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Energy Storage Software Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Energy Storage Software Market Size Forecast by Type
13.6.1 Energy Storage Optimization
13.6.2 Energy Storage Analytics
13.6.3 Energy Storage Simulation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Energy Storage Software Market Size Forecast by Applications
13.10.1 Power Plant
13.10.2 Residential
13.10.3 Military
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Energy Storage Software Market: Competitive Dashboard
14.2 Global Energy Storage Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adara Power
14.3.2 Greensmith
14.3.3 Stem
14.3.4 Demand Energy
14.3.5 Doosan GridTech
14.3.6 EnSync Energy Systems
14.3.7 Green Charge Networks
14.3.8 Sunverge
14.3.9 Win Inertia
14.3.10 Aggreko
14.3.11 Growing Energy Labs
14.3.12 IHI Corp.
14.3.13 Intelligent Generation
14.3.14 JLM Energy
14.3.15 SolarCity
14.3.16 Sonnen
14.3.17 Lockheed Martin
14.3.18 Advanced Microgrid Solutions
14.3.19 Ampard
14.3.20 Nikola Power
14.3.21 Peak Power
14.3.22 TWAICE
