Global Energy Storage Market for Microgrids 2017-2021

  • ID: 4368856
  • Report
  • Region: Global
  • 78 pages
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Analysts forecast the global energy storage market for microgrids to grow at a CAGR of 16.72% during the period 2017-2021

FEATURED COMPANIES

  • A123 Systems
  • E3/DC
  • GS Yuasa International
  • NEC Energy Solutions
  • Princeton Power Systems
  • SMA Solar Technology
  • MORE
About Energy Storage for Microgrids

Analysts forecast the global energy storage market for microgrids to grow at a CAGR of 16.72% during the period 2017-2021

A microgrid is a small group of power generation assets and energy storage equipment, generating power independently in order to meet local energy needs. A microgrid has the capability to island itself and is connected to the main grid at a single point. An energy storage system is a technology used to store the surplus power that can be supplied later when required. Energy storage systems play a diverse role in microgrids. When renewables are used in the microgrid they serve as a voltage source, smoothing the intermittent power flow. For utilities, it helps in peak hour shaving, volt ampere reactive (VAR) services, and black start.

Covered in this report

The report covers the present scenario and the growth prospects of the global energy storage market for microgrids for 2017-2021. To calculate the market size, the report considers new installations, it includes energy storage systems (battery and fuel cells).

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Global Energy Storage Market for Microgrids 2017-2021, 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
  • NEC Energy Solutions
  • NRG Energy
  • Saft
  • Samsung SDI
  • UniEnergy Technologies
Other Prominent Vendors
  • A123 Systems
  • ABB
  • ACME
  • Adara Power
  • BYD
  • Daimler
  • E3/DC
  • East Penn Manufacturing Company
  • Enphase Energy
  • e-On Batteries
  • Exide Technologies
  • Fronius International
  • GESS
  • Greensmith Energy Management Systems
  • GS Yuasa International
  • HOPPECKE Batterien
  • IBC SOLAR
  • KOSTAL Solar Electric
  • KYOCERA Corporation
  • LG Chem
  • Nedap
  • Neovoltaic Energy Nantong
  • Panasonic
  • Primus Power
  • Princeton Power Systems
  • Redflow
  • redT
  • SENEC (Deutsche Energieversorgung)
  • Sinetech
  • SMA Solar Technology
  • sonnen
  • Sony Energy Devices Corporation
  • Tesla
  • The AES Corporation
  • Trojan Battery Company
  • VARTA
  • ViZn Energy Systems
  • Younicos
  • ZEN Energy
Market Drivers
  • Increasing government support
  • For a full, detailed list, view the full report
Market Challenges
  • High exit and standby costs
  • For a full, detailed list, view the full report
Market Trends
  • Rapid advances in technology
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 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?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

Research methodology is based on extensive primary and secondary research:
  • Primary research includes in-depth interviews with industry experts, vendors, resellers and customers
  • Secondary research includes the publisher's platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by government agencies
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FEATURED COMPANIES

  • A123 Systems
  • E3/DC
  • GS Yuasa International
  • NEC Energy Solutions
  • Princeton Power Systems
  • SMA Solar Technology
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by application
  • Global energy storage market for microgrids by application
  • Global energy storage application in remote microgrids
  • Global energy storage application in community and utility microgrids
  • Global energy storage application in institutions and campus microgrids
  • Global energy storage application in military microgrids
PART 07: Geographical segmentation
  • Global energy storage market for microgrids by geography
  • Energy storage market for microgrids in Americas
  • Energy storage market for microgrids in APAC
  • Energy storage market for microgrids in EMEA
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Rapid advances in technology
  • Rising demand for microgrids in military applications
  • Microgrids for protection from cyber security attacks
PART 11: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 12: Key vendor analysis
  • NEC Energy Solutions
  • NRG Energy
  • Saft
  • Samsung SDI
  • UniEnergy Technologies
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Benefits of microgrids
Exhibit 02: Market overview
Exhibit 03: Global energy storage market for microgrids 2016-2021 ($ millions)
Exhibit 04: Five forces analysis
Exhibit 05: Global energy storage market for microgrids by application 2016 and 2021 (%)
Exhibit 06: Global energy storage market for microgrids by application 2016-2021 ($ millions)
Exhibit 07: Global energy storage application in remote microgrids 2016-2021 ($ millions)
Exhibit 08: Global energy storage application in community and utility microgrids 2016-2021 ($ millions)
Exhibit 09: Benefits of microgrid by stake holders
Exhibit 10: Estimated cost of unplanned outages
Exhibit 11: Global energy storage application in institution and campus microgrids 2016-2021 ($ millions)
Exhibit 12: Global energy storage application in military microgrids 2016-2021 ($ millions)
Exhibit 13: Global energy storage market for microgrids by geography 2016 and 2021 (%)
Exhibit 14: Global energy storage market for microgrids by geography 2016-2021 ($ millions)
Exhibit 15: Energy storage market for microgrids in Americas 2016-2021 ($ millions)
Exhibit 16: Energy storage market for microgrids in APAC 2016-2021 ($ millions)
Exhibit 17: Energy storage market for microgrids in EMEA 2016-2021 ($ millions)
Exhibit 18: Estimation of damage in Tohoku region
Exhibit 19: Outages and percentage of affected customers at peak during the Hurricane Sandy 2012
Exhibit 20: Timeline of microgrid programs introduced 1998-2012
Exhibit 21: Grid power flow
Exhibit 22: Global transmission and distribution losses 2010-2014 (% of output)
Exhibit 23: Microgrid operation
Exhibit 24: Components of a microgrid
Exhibit 25: Estimated cost of microgrid components, 2016 (%)
Exhibit 26: Exit fees charged by utilities in Las Vegas
Exhibit 27: Global threats and their impact
Exhibit 28: Smart grid implementation and cyber security impacts
Exhibit 29: Other prominent vendors (indicative list)
Exhibit 30: NEC Energy Solutions: Key products
Exhibit 31: NEC Energy Solutions: Key solutions
Exhibit 32: Saft: Key products
Exhibit 33: Samsung SDI: Key products
Exhibit 34: UniEnergy Technologies: Key products
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FEATURED COMPANIES

  • A123 Systems
  • E3/DC
  • GS Yuasa International
  • NEC Energy Solutions
  • Princeton Power Systems
  • SMA Solar Technology
  • MORE
New Research Report - Global Energy Storage Market for Microgrids 2017-2021

The publisher recognizes the following companies as the key players in the global energy storage market for microgrids: NEC Energy Solutions, NRG Energy, Saft, Samsung SDI, and UniEnergy Technologies.

Other Prominent Vendors in the market are: A123 Systems, ABB, ACME, Adara Power, BYD, Daimler, E3/DC, East Penn Manufacturing Company, Enphase Energy, e-On Batteries, Exide Technologies, Fronius International, GESS, Greensmith Energy Management Systems, GS Yuasa International, HOPPECKE Batterien, IBC SOLAR, KOSTAL Solar Electric, KYOCERA Corporation, LG Chem, Nedap, Neovoltaic Energy Nantong, Panasonic, Primus Power, Princeton Power Systems, Redflow, redT, SENEC (Deutsche Energieversorgung), Sinetech, SMA Solar Technology, sonnen, Sony Energy Devices Corporation, Tesla, The AES Corporation, Trojan Battery Company, VARTA, ViZn Energy Systems, Younicos, and ZEN Energy.

Commenting on the report, an analyst from the research team said: “One trend in the market is rapid advances in technology. The market is experiencing a radical change as microgrids are being installed where ever the central grid cannot meet the power demands. The continuous advances in technology have enhanced the quality of energy production, thereby helping vendors to introduce microgrids that are more capable, with better integration ability.”

According to the report, one driver in the market is increasing government support. Natural calamities, such as, earthquakes, storms, hurricanes, and tornados, annihilate the transmission and distribution infrastructure, clearly revealing vulnerabilities of the utility grid. Natural calamities, whether big or small, result in grid failure, leading to power cuts for millions of people. Power cuts can extend from a few days to several weeks before the power is completely restored. Natural calamities create a chaotic environment disrupting power, interrupting communication and water services, thereby creating a dangerous period.

Further, the report states that one challenge in the market is high exit and standby costs. One of the biggest barriers affecting the growth of microgrids development is the high exit cost and the standby charges levied by the utilities. With distributed energy gaining traction due to falling technology cost such as solar, wind and energy storage, as well as supported by the government in the form of incentive and grants, has enabled customers to generate most of the power they need or all of the power and stay off the grid. When a customer decides to go off the grid, the power utilities collect exit fees from the parting customers who stop using grid power.

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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  • NEC Energy Solutions
  • NRG Energy
  • Saft
  • Samsung SDI
  • UniEnergy Technologies
  • A123 Systems
  • ABB
  • ACME
  • Adara Power
  • BYD
  • Daimler
  • E3/DC
  • East Penn Manufacturing Company
  • Enphase Energy
  • e-On Batteries
  • Exide Technologies
  • Fronius International
  • GESS
  • Greensmith Energy Management Systems
  • GS Yuasa International
  • HOPPECKE Batterien
  • IBC SOLAR
  • KOSTAL Solar Electric
  • KYOCERA Corporation
  • LG Chem
  • Nedap
  • Neovoltaic Energy Nantong
  • Panasonic
  • Primus Power
  • Princeton Power Systems
  • Redflow
  • redT
  • SENEC (Deutsche Energieversorgung)
  • Sinetech
  • SMA Solar Technology
  • sonnen
  • Sony Energy Devices Corporation
  • Tesla
  • The AES Corporation
  • Trojan Battery Company
  • VARTA
  • ViZn Energy Systems
  • Younicos
  • ZEN Energy
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