Market Overview:
The global intelligent energy storage systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy storage systems owing to the rising need for grid stability and renewable integration, coupled with the declining costs of these systems. The global intelligent energy storage systems market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into flow batteries, lithium ion batteries and advanced lead acid batteries. Lithium ion battery-based systems are expected to witness high growth during the forecast period owing to their high efficiency and long life cycle as compared to other types of battery-based systems. By application, commercial storage accounts for a major share in terms of revenue in 2017; however, residential storage is projected to witness highest CAGR during 2018-2030 due its growing popularity among consumers across different regions.
Product Definition:
Intelligent Energy Storage Systems (IESS) are systems that can intelligently decide how to store and use energy in order to improve the efficiency of a grid or network of devices. IESS can optimize when and how energy is used, which helps reduce waste and save money. Additionally, IESS can help stabilize the grid by regulating supply and demand, preventing blackouts or brownouts, and improving power quality.
Flow Batteries:
Flow batteries are one of the fastest-growing battery technologies owing to their high energy density, long life span, and low maintenance. They have higher electrochemical performance as compared to conventional batteries. These batteries find application in various sectors including renewable energy storage systems (ESS), consumer electronics, emergency power supply systems (UPS), and electric vehicles among others. The growing demand for UPS and ESS is expected to be a key factor driving market growth over the forecast period.
Lithium Ion:
Lithium ion is a chemical element that is a light, silver-white metal. It is the lightest of all metals; its atomic number 3 makes it the highest reactive metal. Lithium ion has three valence electrons and as such it can be easily lost or gained in reactions with other elements. It readily reacts with oxygen and water; this property makes lithium batteries toxic to use.
Application Insights:
The commercial storage segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for power backup during emergencies, such as natural disasters, electrical outages and industrial accidents. Furthermore, growing penetration of renewable energy sources has led to an increase in battery energy storage systems (ESS) across large scale generation facilities, thereby augmenting product demand over the forecast period.
The residential storage segment is expected to witness significant growth owing to rising awareness about cost-effective electricity supply coupled with favorable government regulations on grid-scale installations of batteries that are sufficient enought t opower homes during extended outages or blackouts caused by natural disasters or human error.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 and is anticipated to witness significant growth over the forecast period owing to increasing demand for electricity on account of rapid urbanization, industrialization, and economic development.
The growing penetration of renewable energy in China and India on account of supportive government policies such as Feed-In Tariffs (FITs) & Renewable Portfolio Standards (RPS) are projected to further drive intelligent energy storage systems market growth across Asia Pacific. Europe was estimated at USD X million in 2017 owing to high investments made by governments towards research & development activities for developing cost-effective IESS solutions with enhanced performance characteristics as compared to conventional batteries or flow batteries. Moreover, presence major companies such as SGS SA; Schneider Electric; Exide; Johnson Controls International plc.; LG Chem Ltd.; Samsung SDI Co., Ltd.
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 intelligent energy storage systems from commercial and industrial sectors
- Rising concerns over grid reliability and security due to increasing penetration of renewables
- Technological advancements in intelligent energy storage systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Energy Storage Systems Market Research Report
By Type
Flow Batteries, Lithium Ion, Advanced Lead Acid Batteries
By Application
Commercial Storage, Residential Storage, Industrial Storage, Grid Scale
By Companies
ABB, Alevo, Ampard, Azeti Networks, Beacon Power, CODA Energy, Green Charge Networks, NEC Energy Solutions
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Energy Storage Systems Market Report Segments:
The global Intelligent Energy Storage Systems market is segmented on the basis of:
Types
Flow Batteries, Lithium Ion, Advanced Lead Acid Batteries
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
Commercial Storage, Residential Storage, Industrial Storage, Grid Scale
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
- Alevo
- Ampard
- Azeti Networks
- Beacon Power
- CODA Energy
- Green Charge Networks
- NEC Energy Solutions
Highlights of The Intelligent Energy Storage Systems 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:
- Flow Batteries
- Lithium Ion
- Advanced Lead Acid Batteries
- By Application:
- Commercial Storage
- Residential Storage
- Industrial Storage
- Grid Scale
- 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 Intelligent Energy Storage Systems 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?
Intelligent energy storage systems (IES) are a type of electric vehicle battery pack that can be controlled and monitored by an electronic system. This allows the pack to operate more efficiently, reducing fuel consumption and emissions.
Some of the major companies in the intelligent energy storage systems market are ABB, Alevo, Ampard, Azeti Networks, Beacon Power, CODA Energy, Green Charge Networks, NEC Energy Solutions.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems Market Size & Forecast, 2018-2028
4.5.1 Intelligent Energy Storage Systems Market Size and Y-o-Y Growth
4.5.2 Intelligent Energy Storage Systems Market Absolute $ Opportunity
Chapter 5 Global Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems Market Size Forecast by Type
5.2.1 Flow Batteries
5.2.2 Lithium Ion
5.2.3 Advanced Lead Acid Batteries
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems Market Size Forecast by Applications
6.2.1 Commercial Storage
6.2.2 Residential Storage
6.2.3 Industrial Storage
6.2.4 Grid Scale
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems Analysis and Forecast
9.1 Introduction
9.2 North America Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems Market Size Forecast by Type
9.6.1 Flow Batteries
9.6.2 Lithium Ion
9.6.3 Advanced Lead Acid Batteries
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 Intelligent Energy Storage Systems Market Size Forecast by Applications
9.10.1 Commercial Storage
9.10.2 Residential Storage
9.10.3 Industrial Storage
9.10.4 Grid Scale
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 Intelligent Energy Storage Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems Market Size Forecast by Type
10.6.1 Flow Batteries
10.6.2 Lithium Ion
10.6.3 Advanced Lead Acid Batteries
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 Intelligent Energy Storage Systems Market Size Forecast by Applications
10.10.1 Commercial Storage
10.10.2 Residential Storage
10.10.3 Industrial Storage
10.10.4 Grid Scale
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 Intelligent Energy Storage Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems Market Size Forecast by Type
11.6.1 Flow Batteries
11.6.2 Lithium Ion
11.6.3 Advanced Lead Acid Batteries
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 Intelligent Energy Storage Systems Market Size Forecast by Applications
11.10.1 Commercial Storage
11.10.2 Residential Storage
11.10.3 Industrial Storage
11.10.4 Grid Scale
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 Intelligent Energy Storage Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Intelligent Energy Storage Systems 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 Intelligent Energy Storage Systems Market Size Forecast by Type
12.6.1 Flow Batteries
12.6.2 Lithium Ion
12.6.3 Advanced Lead Acid Batteries
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 Intelligent Energy Storage Systems Market Size Forecast by Applications
12.10.1 Commercial Storage
12.10.2 Residential Storage
12.10.3 Industrial Storage
12.10.4 Grid Scale
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) Intelligent Energy Storage Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intelligent Energy Storage Systems 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) Intelligent Energy Storage Systems Market Size Forecast by Type
13.6.1 Flow Batteries
13.6.2 Lithium Ion
13.6.3 Advanced Lead Acid Batteries
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) Intelligent Energy Storage Systems Market Size Forecast by Applications
13.10.1 Commercial Storage
13.10.2 Residential Storage
13.10.3 Industrial Storage
13.10.4 Grid Scale
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 Intelligent Energy Storage Systems Market: Competitive Dashboard
14.2 Global Intelligent Energy Storage Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Alevo
14.3.3 Ampard
14.3.4 Azeti Networks
14.3.5 Beacon Power
14.3.6 CODA Energy
14.3.7 Green Charge Networks
14.3.8 NEC Energy Solutions
