Global Off-grid Energy Storage System Market 2016-2020

  • ID: 3920522
  • Report
  • Region: Global
  • 73 pages
  • TechNavio
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FEATURED COMPANIES

  • Amperex Technology
  • Boston Power
  • GE Energy Storage
  • LG Chem
  • NRG Energy
  • SAFT
  • MORE
About Off-Grid Power Generation Systems

Off-grid power generation systems are generally used when there are capital limitations or the physical landscape makes it tough to have a grid connection. Off-grid energy storage systems are used in localities that are far away from populated areas or cities and not connected to any electricity grid. In these regions, despite the presence of independent power supply providers, electricity is not available 24/7 to consumers. This creates a demand for energy storage systems that aid in storing electricity for future use during power outages.

The analysts forecast the global off-grid energy storage system market to grow at a CAGR of 6.657% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global off-grid energy storage system market for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for energy storage for off-grid systems for application by end-users in each region and their corresponding key countries.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Off-Grid Energy Storage System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Aquion Energy
- Green Charge
- LG Chem
- NEC Energy Solutions
- NRG Energy

Other prominent vendors
- Amperex Technology
- Boston Power
- China Aviation Lithium Battery
- EnerSys
- GE Energy Storage
- Mitsubishi Heavy Industries
- Primus Power
- SAFT
- Sumitomo Electric Industries
- Toshiba
- Xtreme Power

Market drivers
- Demand for energy storage as distributed generation

Market challenges
- Technological challenges related to batteries

Market trends
- Decline in cost of energy storage systems

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • Amperex Technology
  • Boston Power
  • GE Energy Storage
  • LG Chem
  • NRG Energy
  • SAFT
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast by revenue
  • Five forces analysis
PART 06: Market segmentation by battery technology
  • Global off-grid energy storage system market by battery technology
  • Li-ion battery technology
  • LAB technology
  • Sodium-based battery technology
PART 07: Market segmentation by geography
  • Global off-grid energy storage system market by geography
  • Off-grid energy storage system market in Americas
  • Off-grid energy storage system market in EMEA
  • Off-grid energy storage system market in APAC
PART 08: Market drivers
  • Need for rural electrification
  • Rise in power consumption
  • Demand for energy storage as distributed generation
  • Hike in renewable energy investments
  • Growth in demand from telecom sector
PART 09: Impact of drivers

PART 10: Market challenges
  • Reduction in subsidies
  • Decline in diesel prices
  • Technological challenges related to batteries
PART 11: Impact of drivers and challenges

PART 12: Market trends
  • Decline in cost of energy storage systems
  • Increase in energy storage investments
  • Emergence of new energy technologies
PART 13: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 14: Key vendor analysis
  • Aquion Energy
  • Green Charge
  • LG Chem
  • NEC Energy Solutions
  • NRG Energy
PART 15: Appendix
  • List of abbreviations
PART 16: About the Author

List of Exhibits

Exhibit 01: Product offerings
Exhibit 02: Off-grid power system
Exhibit 03: Segmentation of global off-grid energy storage system market
Exhibit 04: Global off-grid energy storage system market 2015-2020 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global off-grid energy storage system market by battery technology 2015 and 2020
Exhibit 07: Global off-grid energy storage system market by battery technology 2015-2020 ($ billions)
Exhibit 08: Global off-grid energy storage system market by Li-ion battery technology 2015-2020 ($ billions)
Exhibit 09: Global off-grid energy storage system market by LAB technology 2015-2020 ($ billions)
Exhibit 10: Global off-grid energy storage system market by sodium-based battery technology 2015-2020 ($ billions)
Exhibit 11: Global off-grid energy storage system market by geography for 2015 and 2020
Exhibit 12: Global off-grid energy storage system market by geography 2015-2020 ($ billions)
Exhibit 13: Off-grid energy storage system market in Americas 2015-2020 ($ billions)
Exhibit 14: Off-grid energy storage system market in EMEA 2015-2020 ($ billions)
Exhibit 15: Off-grid energy storage system market in APAC 2015-2020 ($ billions)
Exhibit 16: Global electrification rate
Exhibit 17: Developing countries with progress in access to electricity 1990-2020
Exhibit 18: DER application and benefits
Exhibit 19: Most commonly used DER
Exhibit 20: LCOE of renewable energy sources 2013-2014 ($/MWh)
Exhibit 21: Renewable energy investment in the US, China, and worldwide 2011-2015 ($ billions)
Exhibit 22: Mobile cellular subscriptions per 100 people 2010-2014
Exhibit 23: Estimated global telecom tower installations
Exhibit 24: Impact of drivers
Exhibit 25: Global pump price for diesel fuel 2004-2014 ($ per liter)
Exhibit 26: Li-ion battery challenges
Exhibit 27: Impact of drivers and challenges
Exhibit 28: Typical PV penetration by system type
Exhibit 29: Aquion Energy: Product segmentation
Exhibit 30: Green Charge: Products and services
Exhibit 31: LG Chem: Business segmentation by revenue 2014
Exhibit 32: LG Chem: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 33: LG Chem: Geographical segmentation by revenue 2014
Exhibit 34: Energy storage products and services
Exhibit 35: Energy grid solutions
Exhibit 36: NRG Energy: Business segmentation by revenue 2014
Exhibit 37: NRG Energy: Business segmentation by revenue 2013 and 2014 ($ billions)
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FEATURED COMPANIES

  • Amperex Technology
  • Boston Power
  • GE Energy Storage
  • LG Chem
  • NRG Energy
  • SAFT
  • MORE
New Report Released: - Global Off-Grid Energy Storage System Market 2016-2020

The author of the report recognizes the following companies as the key players in the global off-grid energy storage system market: Aquion Energy, Green Charge, LG Chem, NEC Energy Solutions, and NRG Energy.

Other Prominent Vendors in the market are: Amperex Technology, Boston Power, China Aviation Lithium Battery, EnerSys, GE Energy Storage, Mitsubishi Heavy Industries, Primus Power, SAFT, Sumitomo Electric Industries, Toshiba, and Xtreme Power.

Commenting on the report, an analyst from the research team said: “Emergence of new energy technologies will be a key trend for market growth. Companies are focused on the advances of battery storage technology. They are investing heavily in R&D departments so that with new technologies they can reduce the battery costs, which is a major issue for the battery energy storage system market. Battery energy storage systems have encountered many breakthroughs and technological advances that result in reduction of cost and increase the efficiency of batteries.”

According to the report, the use of off-grid energy storage technologies reduces losses and improves the efficiency of power plants. In addition, the use of off-grid storage technologies makes transmission and distribution more flexible and can help to meet the peak demand and increase the system efficiency. Therefore, growing power consumption is one of the major drivers for global off-grid energy storage system market.

Further, the report states that decline in diesel prices will be a challenge for the market. One of the main reasons for opting off-grid battery systems is to reduce the cost and dependency on diesel; however, since 2012, there has been a year-over-year decline in diesel prices, which is negatively impacting the growth of global off-grid energy storage system market. As the diesel cost per liter decreases, the value proposition for switching to the off-grid hybrid system also decreases, increasing the payback period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Aquion Energy
- Green Charge
- LG Chem
- NEC Energy Solutions
- NRG Energy
- Amperex Technology
- Boston Power
- China Aviation Lithium Battery
- EnerSys
- GE Energy Storage
- Mitsubishi Heavy Industries
- Primus Power
- SAFT
- Sumitomo Electric Industries
- Toshiba
- Xtreme Power
Note: Product cover images may vary from those shown
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