Global Off-grid Energy Storage Systems market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The Grid energy storage, also termed as large-scale energy storage, is an assembly of systems used to stock electrical energy on a big scale within an electrical power network. Electrical energy is stored when making, particularly from irregular power plants like renewable power sources, i.e. wind power, tidal power, solar power surpasses consumption, and resumed to the network once making drops under consumption.
Energy storage systems are utilized for the storage of surplus electricity which may be used in shortages of power, power cut, and topmost periods of call. The off-grid energy storage systems market is motivated by the necessity to preserve off-grid matters such as constancy of network, flexibility of network, and regulation of frequency. These features encourage development in this market size in the prediction period. Storage of energy assists in enhancing the adjustable renewable energy fed into the network. This is anticipated to motivate the market size for battery centered energy storing in the estimate period.
The off-grid energy storage system market is controlled by several worldwide, regional, and indigenous sellers who deliver advanced, custom-made batteries for storage of energy. The improvement and outline of Li-ion, Sodium-Sulphur, and innovative lead-acid battery products in the prediction is likely to increase the revenue-generating capability for sellers. The important suppliers in this market size are NRG Energy, LG Chem, Green Charge, NEC Energy Solutions, and Aquion Energy.
Further noticeable sellers examined in this market revision are Avaiation Lithium Battery Co., Amperex Technology Limited, Ltd., GE Energy Storage, Toshiba, and Xtreme Power Inc., Mitsubishi Heavy Industries, Boston Power, Sumitomo Electric Industries, Ltd., China Enersys, and Primus Power.
By type of battery, the off-grid energy storage system market is segmented into Sodium-based battery, Lead-acid battery, Li-ion battery, and others. On the basis of the region the worldwide market for the off grid energy storage is sectioned as North and South America, East and the West Europe, and Asia Pacific region
The existing years have appreciated an exponential development of the telecom segment through the world. To provide the fast eruption in traffic and deliver superior coverage, telecom machinists have started connecting fresh base transceiver stations (BTS). This has commanded the fitting of telecom towers in distant places, which results in the acceptance of diesel generators owing to untrustworthy network contacts. Diesel books for more than 40% of the entire functioning expenses and contaminates the atmosphere, which consecutively will encourage telecom machinists to practice off grid energy storage systems to power their BTS.A few major telecom operators have already declared about the fitting of off grid power storage systems like as lithium-ion batteries and mixture of solar photovoltaic systems for running their telecom towers.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Off-grid Energy Storage Systems in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Off-grid Energy Storage Systems market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• LG Chem
• Aquion Energy
• Green Charge
• NRG Energy
• Amperex Technology
• NEC Energy Solutions
• Boston Power
• China Aviation Lithium Battery
• Mitsubishi Heavy Industries
• GE Energy Storage
• Sumitomo Electric Industries
• Primus Power
• Xtreme Power
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Lead-acid Batteries
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Family Backup Power
• Industrial UPS
• Unattended Equipment
Research Support Specialist, USA