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Global Decentralized Energy Storage Market 2019-2023 - Product Image

Global Decentralized Energy Storage Market 2019-2023

  • ID: 4774783
  • Report
  • May 2019
  • Region: Global
  • 122 pages
  • TechNavio
1h Free Analyst Time

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FEATURED COMPANIES

  • CALMAC
  • Fluence Energy LLC
  • LG Chem Ltd.
  • NEC Corp.
  • NGK Insulators Ltd.
  • MORE
One of the major issues faced by the companies in the C&I sector is the downtime caused due to power outages. Even a small disruption in the supply of electricity in hospitals and nursing facilities can put lives at risk. Instances of power outages are resulting in significant losses for manufacturing companies as they are missing the timelines in delivering products to their customers. Power outages have led several manufacturing plants to shut down across the world. In December 2017, Delta Air Lines Inc. incurred a significant loss due to a power outage. Such financial catastrophes and business downtimes are creating a pressing requirement for investment in energy storage to overcome problems associated with power outages. This growing need for backup power is expected to drive the growth of the global decentralized energy storage market over the forecast period at a CAGR of over 18%. However, the market’s momentum will decelerate in the coming years because of the decrease in year-over-year growth.

Market Overview

Growing economic benefits of ESS

End-users are adopting ESS to store energy rather than depending on the power grid during peak power demand. This results in huge monetary savings as they reduce the peak demand charges they pay. Owing to such benefits, the demand for ESS is expected to increase over the forecast period and subsequently drive the growth of the global decentralized energy storage market size.

Stringent laws against lead pollution

Lead-acid batteries, that is one of the electrochemical energy storage technologies, contains sulfuric acid which is dumped in landfills contaminate groundwater reserves and drinking water supplies. Such improper disposal of the used lead-acid batteries is driving many countries to introduce stringent laws on the production and disposal of lead-acid batteries to reduce the risk of lead poisoning. For instance, China recently shut down many lead-acid battery plants and enforced strict regulations for the production of lead-acid batteries. This is expected to have a negative impact on the growth of the global decentralized energy storage market.

Competitive Landscape

The market appears to be fairly fragmented with several players occupying the market share. Companies such as CALMAC and Fluence Energy LLC have intensified the competition. Factors such as the rising need for backup power and the growing economic benefits of ESS will provide significant growth opportunities for decentralized energy storage companies. CALMAC, Fluence Energy LLC, LG Chem Ltd., NEC Corp., NGK Insulators Ltd., and SENER Ingeniería y Sistemas SA are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CALMAC
  • Fluence Energy LLC
  • LG Chem Ltd.
  • NEC Corp.
  • NGK Insulators Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
  • Market segmentation by technology
  • Comparison by technology
  • Battery energy storage - Market size and forecast 2018-2023
  • Thermal energy storage - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Rising adoption of microgrids
  • Development of smart cities and ZEBs
  • Advances in energy storage technologies
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • CALMAC
  • Fluence Energy LLC
  • LG Chem Ltd.
  • NEC Corp.
  • NGK Insulators Ltd.
  • SENER Ingeniería y Sistemas SA
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Global energy storage market
Exhibit 02: Segments of global energy storage market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 (MW)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Technology - Market share 2018-2023 (%)
Exhibit 18: Comparison by technology
Exhibit 19: Battery energy storage - Market size and forecast 2018-2023 (MW)
Exhibit 20: Battery energy storage - Year-over-year growth 2019-2023 (%)
Exhibit 21: Thermal energy storage - Market size and forecast 2018-2023 (MW)
Exhibit 22: Thermal energy storage - Year-over-year growth 2019-2023 (%)
Exhibit 23: Others - Market size and forecast 2018-2023 (MW)
Exhibit 24: Others - Year-over-year growth 2019-2023 (%)
Exhibit 25: Market opportunity by technology
Exhibit 26: Customer landscape
Exhibit 27: Market share by geography 2018-2023 (%)
Exhibit 28: Geographic comparison
Exhibit 29: EMEA - Market size and forecast 2018-2023 (MW)
Exhibit 30: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 31: Americas - Market size and forecast 2018-2023 (MW)
Exhibit 32: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 33: APAC - Market size and forecast 2018-2023 (MW)
Exhibit 34: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 35: Key leading countries
Exhibit 36: Market opportunity
Exhibit 37: Impact of drivers and challenges
Exhibit 38: Vendor landscape
Exhibit 39: Landscape disruption
Exhibit 40: Vendors covered
Exhibit 41: Vendor classification
Exhibit 42: Market positioning of vendors
Exhibit 43: CALMAC - Vendor overview
Exhibit 44: CALMAC - Organizational developments
Exhibit 45: CALMAC - Key offerings
Exhibit 46: Fluence Energy LLC - Vendor overview
Exhibit 47: Fluence Energy LLC - Organizational developments
Exhibit 48: Fluence Energy LLC - Key offerings
Exhibit 49: LG Chem Ltd. - Vendor overview
Exhibit 50: LG Chem Ltd. - Business segments
Exhibit 51: LG Chem Ltd. - Organizational developments
Exhibit 52: LG Chem Ltd. - Geographic focus
Exhibit 53: LG Chem Ltd. - Segment focus
Exhibit 54: LG Chem Ltd. - Key offerings
Exhibit 55: NEC Corp. - Vendor overview
Exhibit 56: NEC Corp. - Business segments
Exhibit 57: NEC Corp. - Organizational developments
Exhibit 58: NEC Corp. - Geographic focus
Exhibit 59: NEC Corp. - Segment focus
Exhibit 60: NEC Corp. - Key offerings
Exhibit 61: NGK Insulators Ltd. - Vendor overview
Exhibit 62: NGK Insulators Ltd. - Business segments
Exhibit 63: NGK Insulators Ltd. - Organizational developments
Exhibit 64: NGK Insulators Ltd. - Geographic focus
Exhibit 65: NGK Insulators Ltd. - Segment focus
Exhibit 66: NGK Insulators Ltd. - Key offerings
Exhibit 67: SENER Ingeniería y Sistemas SA - Vendor overview
Exhibit 68: SENER Ingeniería y Sistemas SA - Business segments
Exhibit 69: SENER Ingeniería y Sistemas SA - Organizational developments
Exhibit 70: SENER Ingeniería y Sistemas SA - Geographic focus
Exhibit 71: SENER Ingeniería y Sistemas SA - Key offerings
Exhibit 72: Validation techniques employed for market sizing
Exhibit 73: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CALMAC
  • Fluence Energy LLC
  • LG Chem Ltd.
  • NEC Corp.
  • NGK Insulators Ltd.
  • MORE
The following companies are recognised as the key players in the global decentralized energy storage market: CALMAC, Fluence Energy LLC, LG Chem Ltd., NEC Corp., NGK Insulators Ltd., and SENER Ingeniería y Sistemas SA.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the rising adoption of microgrids.”

According to the report, one of the major drivers for this market is the rising need for backup power.

Further, the report states that one of the major factors hindering the growth of this market is the stringent laws against lead pollution.

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.
Note: Product cover images may vary from those shown
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  • CALMAC
  • Fluence Energy LLC
  • LG Chem Ltd.
  • NEC Corp.
  • NGK Insulators Ltd.
  • SENER Ingeniería y Sistemas SA
Note: Product cover images may vary from those shown
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