Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Off-grid Energy Storage System Market by Type (Lithium-ion Battery, Lead-acid Battery, Others), By Application (Family Backup Power, Industrial UPS, Unattended Equipment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Off-grid Energy Storage System Market by Type (Lithium-ion Battery, Lead-acid Battery, Others), By Application (Family Backup Power, Industrial UPS, Unattended Equipment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 204136 3300 Chemical & Material 377 246 Pages 4.7 (42)
                                          
The global ofgrid energy storage system market is expected to grow from USD 1.1 billion in 2016 to USD 3.7 billion by 2030, at a CAGR of 16%. The major factors driving the growth are increased demand for affordable and reliable back up power source for residential as well as commercial applications, technological advancements in battery storage technology and increasing demand from developing countries like India and China. The lithium ion battery segment is expected to lead the market during the forecast period owing to its high energy density leading to low weight which makes them optimum for transportation requirements. However, li-ion batteries have a limited life cycle which hinders their adoption in commercial application due to frequent replacements required. The acid battery segment has higher reliability but lower energy density due to its lack of electrochemical reaction; however, this can be compensated with a much longer lifetime that lasts up till 10 years without significant degradation. Based on the battery type, the lead acid segment is expected to dominate the market with a share of more than 35% by 2030. The reasons behind this are that it is comparatively cheaper with low maintenance and has higher capacity for storage. But, it has lower power density as compared to other technologies and also its operating temperature range is limited. The increase in power consumption of electric vehicles and grid-scale energy storage system will be the major drivers for the growth in global grid energy storage system market during the forecast period. In 2016, the residential application segment held the largest share of the global off-grid energy storage system market. However, by 2030, commercial applications are expected to grow at a CAGR of 18%. The residential application is likely to have a long life cycle as it does not require frequent replacements. North America led the global off-grid energy storage system market in 2016 with a share of 40% of the total revenue. It is expected to maintain its lead in terms of revenue owing to significant increase in demand for affordable and reliable power backup for residential as well as commercial needs.

Industry Growth Insights published a new data on “Off-grid Energy Storage System Market”. The research report is titled “Off-grid Energy Storage System Market research by Types (Lithium-ion Battery, Lead-acid Battery, Others), By Applications (Family Backup Power, Industrial UPS, Unattended Equipment, Others), By Players/Companies EnerSys, SAFT, Sonnen, NEC Energy Solutions, Sumitomo Electric Industries, Fronius, LG Chem, Aquion Energy, Toshiba, Samsung SDI, Mitsubishi Heavy Industries, ZEN Energy, Enphase, CALB”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Off-grid Energy Storage System Market Research Report

By Type

Lithium-ion Battery, Lead-acid Battery, Others

By Application

Family Backup Power, Industrial UPS, Unattended Equipment, Others

By Companies

EnerSys, SAFT, Sonnen, NEC Energy Solutions, Sumitomo Electric Industries, Fronius, LG Chem, Aquion Energy, Toshiba, Samsung SDI, Mitsubishi Heavy Industries, ZEN Energy, Enphase, CALB

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

246

Number of Tables & Figures

173

Customization Available

Yes, the report can be customized as per your need.


Global Off-grid Energy Storage System Industry Outlook


Global Off-grid Energy Storage System Market Report Segments:

The global Off-grid Energy Storage System market is segmented on the basis of:

Types

Lithium-ion Battery, Lead-acid Battery, 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

Family Backup Power, Industrial UPS, Unattended Equipment, 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:

  1. EnerSys
  2. SAFT
  3. Sonnen
  4. NEC Energy Solutions
  5. Sumitomo Electric Industries
  6. Fronius
  7. LG Chem
  8. Aquion Energy
  9. Toshiba
  10. Samsung SDI
  11. Mitsubishi Heavy Industries
  12. ZEN Energy
  13. Enphase
  14. CALB

Global Off-grid Energy Storage System Market Overview


Highlights of The Off-grid Energy Storage System Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Lithium-ion Battery
    2. Lead-acid Battery
    3. Others
  1. By Application:

    1. Family Backup Power
    2. Industrial UPS
    3. Unattended Equipment
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Off-grid 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

Global Off-grid Energy Storage System Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


An off-grid energy storage system (OESS) is a type of renewable energy storage system that uses solar, wind, hydro or other forms of renewable energy to store electricity for later use. OESS can help stabilize the grid by providing an extra source of power when needed and helping to reduce reliance on fossil fuels.

Some of the major companies in the off-grid energy storage system market are EnerSys, SAFT, Sonnen, NEC Energy Solutions, Sumitomo Electric Industries, Fronius, LG Chem, Aquion Energy, Toshiba, Samsung SDI, Mitsubishi Heavy Industries, ZEN Energy, Enphase, CALB.

The off-grid energy storage system market is expected to grow at a compound annual growth rate of 16%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Off-grid 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. Off-grid 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. Off-grid Energy Storage System Market - Supply Chain
   4.5. Global Off-grid Energy Storage System Market Forecast
      4.5.1. Off-grid Energy Storage System Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Off-grid Energy Storage System Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Off-grid Energy Storage System Market Absolute $ Opportunity

5. Global Off-grid 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. Off-grid Energy Storage System Market Size and Volume Forecast by Type
      5.3.1. Lithium-ion Battery
      5.3.2. Lead-acid Battery
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Off-grid 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. Off-grid Energy Storage System Market Size and Volume Forecast by Application
      6.3.1. Family Backup Power
      6.3.2. Industrial UPS
      6.3.3. Unattended Equipment
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Off-grid 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. Off-grid 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 Off-grid 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. Off-grid 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 Off-grid Energy Storage System Demand Share Forecast, 2019-2026

9. North America Off-grid 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 Off-grid 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 Off-grid Energy Storage System Market Size and Volume Forecast by Application
      9.4.1. Family Backup Power
      9.4.2. Industrial UPS
      9.4.3. Unattended Equipment
      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 Off-grid Energy Storage System Market Size and Volume Forecast by Type
      9.7.1. Lithium-ion Battery
      9.7.2. Lead-acid Battery
      9.7.3. Others
   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 Off-grid Energy Storage System Demand Share Forecast, 2019-2026

10. Latin America Off-grid 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 Off-grid 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 Off-grid Energy Storage System Market Size and Volume Forecast by Application
      10.4.1. Family Backup Power
      10.4.2. Industrial UPS
      10.4.3. Unattended Equipment
      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 Off-grid Energy Storage System Market Size and Volume Forecast by Type
      10.7.1. Lithium-ion Battery
      10.7.2. Lead-acid Battery
      10.7.3. Others
   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 Off-grid Energy Storage System Demand Share Forecast, 2019-2026

11. Europe Off-grid 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 Off-grid 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 Off-grid Energy Storage System Market Size and Volume Forecast by Application
      11.4.1. Family Backup Power
      11.4.2. Industrial UPS
      11.4.3. Unattended Equipment
      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 Off-grid Energy Storage System Market Size and Volume Forecast by Type
      11.7.1. Lithium-ion Battery
      11.7.2. Lead-acid Battery
      11.7.3. Others
   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 Off-grid Energy Storage System Demand Share, 2019-2026

12. Asia Pacific Off-grid 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 Off-grid 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 Off-grid Energy Storage System Market Size and Volume Forecast by Application
      12.4.1. Family Backup Power
      12.4.2. Industrial UPS
      12.4.3. Unattended Equipment
      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 Off-grid Energy Storage System Market Size and Volume Forecast by Type
      12.7.1. Lithium-ion Battery
      12.7.2. Lead-acid Battery
      12.7.3. Others
   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 Off-grid Energy Storage System Demand Share, 2019-2026

13. Middle East & Africa Off-grid 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 Off-grid 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 Off-grid Energy Storage System Market Size and Volume Forecast by Application
      13.4.1. Family Backup Power
      13.4.2. Industrial UPS
      13.4.3. Unattended Equipment
      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 Off-grid Energy Storage System Market Size and Volume Forecast by Type
      13.7.1. Lithium-ion Battery
      13.7.2. Lead-acid Battery
      13.7.3. Others
   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 Off-grid Energy Storage System Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Off-grid Energy Storage System Market: Market Share Analysis
   14.2. Off-grid Energy Storage System Distributors and Customers
   14.3. Off-grid Energy Storage System Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. EnerSys
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. SAFT
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Sonnen
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. NEC Energy Solutions
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Sumitomo Electric Industries
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Fronius
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. LG Chem
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Aquion Energy
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Toshiba
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Samsung SDI
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Mitsubishi Heavy Industries
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. ZEN Energy
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Enphase
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. CALB
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         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

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