The newly released research at Market Study Report titled “2018-2023 Global Energy Storage Battery for Microgrids Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Description: In this report, studies the present scenario (with the base year being 2017) and the growth prospects of global Energy Storage Battery for Microgrids market for 2018-2023.
Energy Storage Battery for Microgrids market competition by Market Segment by Manufacturers, report focuses on the Energy Storage Battery for Microgrids in global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia. This report categorizes the market based on manufacturers, regions, types and applications.; the top players including:
- S&C Electric
- Beacon Power
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On the basis of Split by Product Types, Energy Storage Battery for Microgrids market report displays the production, revenue, price, market share and growth rate of each type, covers:
- Sodium-sulfur battery
- VRLA Lead Acid
On the basis on the Split by applications, Energy Storage Battery for Microgrids market report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, this can be divided into:
Energy storage battery for microgrids is an energy reservoir that can store electrical energy and supply energy when required. Such a battery system has the added advantage of matching generation to the time of use and enables peak-shaving applications. Battery-based energy storage is more environmentally-friendly than traditional diesel generators and significantly reduces the fuel and sizing needs for common backup generators. Even small amounts of energy storage can have a major impact on reducing fuel costs, maintenance and omissions of diesel or bio-diesel generators.
The global energy storage battery for microgrids industry mainly concentrates in EU, USA and Japan. The global leading players in this market are NGK Group, Samsung SDI, NEC, Panasonic, MHI and Toshiba etc., which accounts for 49.38% of total revenue in 2015. In China the market leaders are BYD, CALB and ATL.
The USA and China are the major consumer regions in global energy storage battery for microgrids market. The energy storage battery for microgrids is mainly used in household, enterprise, utility. The application market share of Utility is up to 87.68%.
Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of energy storage products at home and abroad, many companies began to enter the field. Currently, the Chinese energy storage battery for microgrids is not only begun to transit to renewable energy installations field, while still extend in the downstream industry chain.
Over the next five years, projects that Energy Storage Battery for Microgrids will register a 8.7% CAGR in terms of revenue, reach US$ 320 million by 2023, from US$ 190 million in 2017.
Scope of the Energy Storage Battery for Microgrids Market Report: This report focuses on the Energy Storage Battery for Microgrids in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application
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Target Audience of Energy Storage Battery for Microgrids Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Energy Storage Battery for Microgrids market report provides regional analysis & forecast (2018-2023) including following regions:
- North America(USA, Canada and Mexico)
- Europe(Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America(Brazil, Argentina, Columbia etc.)
- Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Energy Storage Battery for Microgrids market in 2023 is also explained. Additionally, type wise and application wise consumption tables and figures of Energy Storage Battery for Microgrids market are also given.
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