Off-grid Energy Storage Market to 2028 - Global Analysis and Forecasts by Product (Lithium-ion Batteries, Lead-acid Batteries, Sodium-based Batteries, Others); Application (Residential Backup Power, Industrial UPS, Unattended Equipment, Others) and Geography
Report Code: TIPRE00029453 | No. of Pages: 150 | Category: Energy and Power | Status: Upcoming
The growing deployment of renewable energy along with supportive government regulations are the key factors driving the market growth over the coming years. One of the most important drivers of utility-scale energy storage systems is the substantial growth in the amount of renewable energy being deployed around the globe. In addition, a paradigm shift towards a connected world and growing advancement in storage solutions are necessitating further developments in the off-grid energy storage market which helps drives the market growth over the forecast period.
MARKET SCOPE
The "Global Off-Grid Energy Storage Market Analysis to 2028" is a specialized and in-depth study of the energy storage products with a special focus on the global market trend analysis. The report aims to provide an overview of the off-grid energy storage market with detailed market segmentation by product, application and geography. The report provides key statistics on the market status of the leading off-grid energy storage market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of product the market is segmented into Lithium-ion Batteries, Lead-acid Batteries, Sodium-based Batteries, and Others
- On the basis application, the market is segmented as Residential Backup Power, Industrial UPS, Unattended Equipment, and Others
Drivers
- Increasing focus towards sustainable source of energy
- Favourable government regulations and renewable support programs drives the market growth
- The high cost of energy storage systems restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America. The off-grid energy storage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the off-grid energy storage market in these regions.
IMPACT OF COVID-19 ON OFF-GRID ENERGY STORAGE MARKET
The emergence of the COVID-19 has severely impacted the energy storage industries, which resulted decline in the demand for off-grid energy storage in the year 2020. During the pandemic, the governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted the battery storage solutions for the short term. The limited availability of spares and manpower for maintenance due to the pandemic is a major problem that affects the market growth. The shortage of raw materials, unavailability of distribution channel is affecting the production and sale of off-grid energy storage solutions. However, from the year 2021, the opening of the manufacturing industries had lead to higher demand for the off-grid energy storage solution. The growing demand for energy storage, new investments and rising demand for renewable energy and associated advantages of the off-grid energy storage solution during the pandemic recovering period is fuleing the demand for off-grid energy storage which in turn drives the market outlook.
The report covers key developments in the off-grid energy storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in off-grid energy storage market are anticipated to get lucrative growth opportunities in the future owing increase in R&D investments.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the off-grid energy storage market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amperex Technology
- Aquion Energy
- Boston-Power
- EnerSys
- GE Renewable Energy
- Green Charge
- LG Chem
- Mitsubishi Heavy Industries
- NEC Energy Solutions
- NRG Energy
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Off-grid Energy Storage Market - By Product
1.3.2 Off-grid Energy Storage Market - By Application
1.3.3 Off-grid Energy Storage Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OFF-GRID ENERGY STORAGE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. OFF-GRID ENERGY STORAGE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. OFF-GRID ENERGY STORAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. OFF-GRID ENERGY STORAGE - GLOBAL MARKET OVERVIEW
6.2. OFF-GRID ENERGY STORAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. OFF-GRID ENERGY STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. LITHIUM-ION BATTERIES
7.3.1. Overview
7.3.2. Lithium-ion Batteries Market Forecast and Analysis
7.4. LEAD-ACID BATTERIES
7.4.1. Overview
7.4.2. Lead-acid Batteries Market Forecast and Analysis
7.5. SODIUM-BASED BATTERIES
7.5.1. Overview
7.5.2. Sodium-based Batteries Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. OFF-GRID ENERGY STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL BACKUP POWER
8.3.1. Overview
8.3.2. Residential Backup Power Market Forecast and Analysis
8.4. INDUSTRIAL UPS
8.4.1. Overview
8.4.2. Industrial UPS Market Forecast and Analysis
8.5. UNATTENDED EQUIPMENT
8.5.1. Overview
8.5.2. Unattended Equipment Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. OFF-GRID ENERGY STORAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Off-grid Energy Storage Market Overview
9.1.2 North America Off-grid Energy Storage Market Forecasts and Analysis
9.1.3 North America Off-grid Energy Storage Market Forecasts and Analysis - By Product
9.1.4 North America Off-grid Energy Storage Market Forecasts and Analysis - By Application
9.1.5 North America Off-grid Energy Storage Market Forecasts and Analysis - By Countries
9.1.5.1 United States Off-grid Energy Storage Market
9.1.5.1.1 United States Off-grid Energy Storage Market by Product
9.1.5.1.2 United States Off-grid Energy Storage Market by Application
9.1.5.2 Canada Off-grid Energy Storage Market
9.1.5.2.1 Canada Off-grid Energy Storage Market by Product
9.1.5.2.2 Canada Off-grid Energy Storage Market by Application
9.1.5.3 Mexico Off-grid Energy Storage Market
9.1.5.3.1 Mexico Off-grid Energy Storage Market by Product
9.1.5.3.2 Mexico Off-grid Energy Storage Market by Application
9.2. EUROPE
9.2.1 Europe Off-grid Energy Storage Market Overview
9.2.2 Europe Off-grid Energy Storage Market Forecasts and Analysis
9.2.3 Europe Off-grid Energy Storage Market Forecasts and Analysis - By Product
9.2.4 Europe Off-grid Energy Storage Market Forecasts and Analysis - By Application
9.2.5 Europe Off-grid Energy Storage Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Off-grid Energy Storage Market
9.2.5.1.1 Germany Off-grid Energy Storage Market by Product
9.2.5.1.2 Germany Off-grid Energy Storage Market by Application
9.2.5.2 France Off-grid Energy Storage Market
9.2.5.2.1 France Off-grid Energy Storage Market by Product
9.2.5.2.2 France Off-grid Energy Storage Market by Application
9.2.5.3 Italy Off-grid Energy Storage Market
9.2.5.3.1 Italy Off-grid Energy Storage Market by Product
9.2.5.3.2 Italy Off-grid Energy Storage Market by Application
9.2.5.4 United Kingdom Off-grid Energy Storage Market
9.2.5.4.1 United Kingdom Off-grid Energy Storage Market by Product
9.2.5.4.2 United Kingdom Off-grid Energy Storage Market by Application
9.2.5.5 Russia Off-grid Energy Storage Market
9.2.5.5.1 Russia Off-grid Energy Storage Market by Product
9.2.5.5.2 Russia Off-grid Energy Storage Market by Application
9.2.5.6 Rest of Europe Off-grid Energy Storage Market
9.2.5.6.1 Rest of Europe Off-grid Energy Storage Market by Product
9.2.5.6.2 Rest of Europe Off-grid Energy Storage Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Off-grid Energy Storage Market Overview
9.3.2 Asia-Pacific Off-grid Energy Storage Market Forecasts and Analysis
9.3.3 Asia-Pacific Off-grid Energy Storage Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Off-grid Energy Storage Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Off-grid Energy Storage Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Off-grid Energy Storage Market
9.3.5.1.1 Australia Off-grid Energy Storage Market by Product
9.3.5.1.2 Australia Off-grid Energy Storage Market by Application
9.3.5.2 China Off-grid Energy Storage Market
9.3.5.2.1 China Off-grid Energy Storage Market by Product
9.3.5.2.2 China Off-grid Energy Storage Market by Application
9.3.5.3 India Off-grid Energy Storage Market
9.3.5.3.1 India Off-grid Energy Storage Market by Product
9.3.5.3.2 India Off-grid Energy Storage Market by Application
9.3.5.4 Japan Off-grid Energy Storage Market
9.3.5.4.1 Japan Off-grid Energy Storage Market by Product
9.3.5.4.2 Japan Off-grid Energy Storage Market by Application
9.3.5.5 South Korea Off-grid Energy Storage Market
9.3.5.5.1 South Korea Off-grid Energy Storage Market by Product
9.3.5.5.2 South Korea Off-grid Energy Storage Market by Application
9.3.5.6 Rest of Asia-Pacific Off-grid Energy Storage Market
9.3.5.6.1 Rest of Asia-Pacific Off-grid Energy Storage Market by Product
9.3.5.6.2 Rest of Asia-Pacific Off-grid Energy Storage Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Off-grid Energy Storage Market Overview
9.4.2 Middle East and Africa Off-grid Energy Storage Market Forecasts and Analysis
9.4.3 Middle East and Africa Off-grid Energy Storage Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Off-grid Energy Storage Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Off-grid Energy Storage Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Off-grid Energy Storage Market
9.4.5.1.1 South Africa Off-grid Energy Storage Market by Product
9.4.5.1.2 South Africa Off-grid Energy Storage Market by Application
9.4.5.2 Saudi Arabia Off-grid Energy Storage Market
9.4.5.2.1 Saudi Arabia Off-grid Energy Storage Market by Product
9.4.5.2.2 Saudi Arabia Off-grid Energy Storage Market by Application
9.4.5.3 U.A.E Off-grid Energy Storage Market
9.4.5.3.1 U.A.E Off-grid Energy Storage Market by Product
9.4.5.3.2 U.A.E Off-grid Energy Storage Market by Application
9.4.5.4 Rest of Middle East and Africa Off-grid Energy Storage Market
9.4.5.4.1 Rest of Middle East and Africa Off-grid Energy Storage Market by Product
9.4.5.4.2 Rest of Middle East and Africa Off-grid Energy Storage Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Off-grid Energy Storage Market Overview
9.5.2 South and Central America Off-grid Energy Storage Market Forecasts and Analysis
9.5.3 South and Central America Off-grid Energy Storage Market Forecasts and Analysis - By Product
9.5.4 South and Central America Off-grid Energy Storage Market Forecasts and Analysis - By Application
9.5.5 South and Central America Off-grid Energy Storage Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Off-grid Energy Storage Market
9.5.5.1.1 Brazil Off-grid Energy Storage Market by Product
9.5.5.1.2 Brazil Off-grid Energy Storage Market by Application
9.5.5.2 Argentina Off-grid Energy Storage Market
9.5.5.2.1 Argentina Off-grid Energy Storage Market by Product
9.5.5.2.2 Argentina Off-grid Energy Storage Market by Application
9.5.5.3 Rest of South and Central America Off-grid Energy Storage Market
9.5.5.3.1 Rest of South and Central America Off-grid Energy Storage Market by Product
9.5.5.3.2 Rest of South and Central America Off-grid Energy Storage Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. OFF-GRID ENERGY STORAGE MARKET, KEY COMPANY PROFILES
11.1. AMPEREX TECHNOLOGY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AQUION ENERGY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOSTON-POWER
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ENERSYS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GE RENEWABLE ENERGY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GREEN CHARGE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LG CHEM
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MITSUBISHI HEAVY INDUSTRIES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NEC ENERGY SOLUTIONS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NRG ENERGY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Amperex Technology
- Aquion Energy
- Boston-Power
- EnerSys
- GE Renewable Energy
- Green Charge
- LG Chem
- Mitsubishi Heavy Industries
- NEC Energy Solutions
- NRG Energy
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