Market Overview:
The global microgrid energy storage battery 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 microgrid energy storage batteries from various applications such as households, enterprises, and utilities. In addition, the increasing demand for renewable sources of energy is also contributing to the growth of the global microgrid energy storage battery market. The sodium-sulfur battery segment is expected to dominate the global microgrid energy storage battery market during the forecast period from 2018 to 2030. This segment is expected to account for a share of XX% in terms of revenue by 2030.
Product Definition:
A microgrid energy storage battery is a type of rechargeable battery that is used to store electrical energy. This type of battery is commonly used in microgrids, which are small-scale electrical grids that are powered by renewable or alternative sources of energy. The purpose of a microgrid energy storage battery is to store excess energy from these sources so that it can be used later when needed. This type of battery can also help improve the reliability and stability of a microgrid by providing backup power in the event of an outage.
Sodium-sulfur Battery:
Sodium-sulfur battery (NaSBB) is a rechargeable battery that uses sulfur as an electrolyte and sodium as the positive electrode. It belongs to the dry batteries, which have no liquid inside the cells. The cell consists of cathode material (sulfur), anode material (sodium), and separator between them.
VRLA Lead Acid:
Virtual Reality Lead Acid (VRLA) is a battery technology that uses lead anode, sulfuric acid cathode and electrolyte. It has no internal resistance and provides high power density with low weight as compared to conventional batteries. VRLA batteries are mainly used in applications where compact size, higher energy density and cost effectiveness are important factors.
Application Insights:
The household segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. The growing urban population coupled with rising disposable income levels in developing countries such as India, China and Brazil is expected to drive demand for energy storage batteries in the household sector.
Microgrid energy storage systems are deployed at commercial institutions including hospitals, hotels, educational facilities and corporate offices. Increasing number of power outages due to extreme weather conditions such as heavy snowfall or rainfall that disrupts conventional power supply has led these institutions to adopt MESABS that provide backup power during emergencies.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region has been witnessing strong economic growth and this trend is expected to continue over the next eight years, thereby driving investments in various industries including energy storage. China accounted for a major share of global revenue generation owing to its large-scale adoption of microgrid technology coupled with supportive government initiatives such as Feed-IoT Microgrids (FIMG) and Distributed Energy Resources (DER).
Europe was estimated as one of the largest regional markets in 2017 owing to rising demand for clean energy sources along with growing penetration of solar panels across several countries such as Germany, Italy, Spain, U.K., France among others will drive industry expansion further.
Growth Factors:
- Increasing demand for energy storage batteries from the transportation sector to store renewable energy for electric vehicles and buses.
- Growing demand for microgrid energy storage systems from commercial and industrial sectors to reduce peak power costs and improve grid reliability.
- Favorable government policies and regulations supporting the deployment of microgrid energy storage systems, including tax incentives, grants, and rebates.
- Rapid advancements in technology that are making microgrid energy storage systems more efficient, reliable, and affordable.
- Rising awareness about the benefits of using microgrid energy storage batteries among businesses, consumers, and policy makers
Scope Of The Report
Report Attributes
Report Details
Report Title
Microgrid Energy Storage Battery Market Research Report
By Type
Sodium-sulfur Battery, VRLA Lead Acid, Lithium-ion, Others
By Application
Household, Enterprise, Utility
By Companies
NGK Group, Samsung SDI, NEC, Panasonic, MHI, Toshiba, S&C Electric, Beacon Power, CALMAC, Saft, NGK Group, EnSync, Eos Energy Storage, OutBack Power, Aggreko, BYD, CALB, ATL, Rongke Power, Shen-li High Tech, Meineng, Chilwee, Narada
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Microgrid Energy Storage Battery Market Report Segments:
The global Microgrid Energy Storage Battery market is segmented on the basis of:
Types
Sodium-sulfur Battery, VRLA Lead Acid, Lithium-ion, Others
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
Household, Enterprise, Utility
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:
- NGK Group
- Samsung SDI
- NEC
- Panasonic
- MHI
- Toshiba
- S&C Electric
- Beacon Power
- CALMAC
- Saft
- NGK Group
- EnSync
- Eos Energy Storage
- OutBack Power
- Aggreko
- BYD
- CALB
- ATL
- Rongke Power
- Shen-li High Tech
- Meineng
- Chilwee
- Narada
Highlights of The Microgrid Energy Storage Battery 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:
- Sodium-sulfur Battery
- VRLA Lead Acid
- Lithium-ion
- Others
- By Application:
- Household
- Enterprise
- Utility
- 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 Microgrid Energy Storage Battery 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 microgrid energy storage battery is a type of energy storage device that can be used to store electricity generated from renewable sources, such as solar and wind power. The batteries are typically used to provide short-term backup power for critical infrastructure, such as hospitals and schools.
Some of the major companies in the microgrid energy storage battery market are NGK Group, Samsung SDI, NEC, Panasonic, MHI, Toshiba, S&C Electric, Beacon Power, CALMAC, Saft, NGK Group, EnSync, Eos Energy Storage, OutBack Power, Aggreko, BYD, CALB, ATL, Rongke Power, Shen-li High Tech, Meineng, Chilwee, Narada.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery Market Size & Forecast, 2018-2028
4.5.1 Microgrid Energy Storage Battery Market Size and Y-o-Y Growth
4.5.2 Microgrid Energy Storage Battery Market Absolute $ Opportunity
Chapter 5 Global Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery Market Size Forecast by Type
5.2.1 Sodium-sulfur Battery
5.2.2 VRLA Lead Acid
5.2.3 Lithium-ion
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery Market Size Forecast by Applications
6.2.1 Household
6.2.2 Enterprise
6.2.3 Utility
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery Analysis and Forecast
9.1 Introduction
9.2 North America Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery Market Size Forecast by Type
9.6.1 Sodium-sulfur Battery
9.6.2 VRLA Lead Acid
9.6.3 Lithium-ion
9.6.4 Others
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 Microgrid Energy Storage Battery Market Size Forecast by Applications
9.10.1 Household
9.10.2 Enterprise
9.10.3 Utility
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 Microgrid Energy Storage Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery Market Size Forecast by Type
10.6.1 Sodium-sulfur Battery
10.6.2 VRLA Lead Acid
10.6.3 Lithium-ion
10.6.4 Others
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 Microgrid Energy Storage Battery Market Size Forecast by Applications
10.10.1 Household
10.10.2 Enterprise
10.10.3 Utility
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 Microgrid Energy Storage Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery Market Size Forecast by Type
11.6.1 Sodium-sulfur Battery
11.6.2 VRLA Lead Acid
11.6.3 Lithium-ion
11.6.4 Others
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 Microgrid Energy Storage Battery Market Size Forecast by Applications
11.10.1 Household
11.10.2 Enterprise
11.10.3 Utility
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 Microgrid Energy Storage Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Microgrid Energy Storage Battery 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 Microgrid Energy Storage Battery Market Size Forecast by Type
12.6.1 Sodium-sulfur Battery
12.6.2 VRLA Lead Acid
12.6.3 Lithium-ion
12.6.4 Others
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 Microgrid Energy Storage Battery Market Size Forecast by Applications
12.10.1 Household
12.10.2 Enterprise
12.10.3 Utility
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) Microgrid Energy Storage Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Microgrid Energy Storage Battery 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) Microgrid Energy Storage Battery Market Size Forecast by Type
13.6.1 Sodium-sulfur Battery
13.6.2 VRLA Lead Acid
13.6.3 Lithium-ion
13.6.4 Others
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) Microgrid Energy Storage Battery Market Size Forecast by Applications
13.10.1 Household
13.10.2 Enterprise
13.10.3 Utility
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 Microgrid Energy Storage Battery Market: Competitive Dashboard
14.2 Global Microgrid Energy Storage Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NGK Group
14.3.2 Samsung SDI
14.3.3 NEC
14.3.4 Panasonic
14.3.5 MHI
14.3.6 Toshiba
14.3.7 S&C Electric
14.3.8 Beacon Power
14.3.9 CALMAC
14.3.10 Saft
14.3.11 NGK Group
14.3.12 EnSync
14.3.13 Eos Energy Storage
14.3.14 OutBack Power
14.3.15 Aggreko
14.3.16 BYD
14.3.17 CALB
14.3.18 ATL
14.3.19 Rongke Power
14.3.20 Shen-li High Tech
14.3.21 Meineng
14.3.22 Chilwee
14.3.23 Narada
