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Off-grid Energy Storage System Market 2025-2029- Product Image
Off-grid Energy Storage System Market 2025-2029- Product Image
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Off-grid Energy Storage System Market 2025-2029

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    Report

  • 219 Pages
  • March 2025
  • Region: Global
  • TechNavio
  • ID: 5681506
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The off-grid energy storage system market is forecasted to grow by USD 6.78 billion during 2024-2029, accelerating at a CAGR of 7.2% during the forecast period. The report on the off-grid energy storage system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by change in energy mix, increased need for backup power, and increasing economic benefits of ess.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The off-grid energy storage system market is segmented as below:

By Battery Type

  • Li-ion
  • LAB
  • Sodium based batteries
  • Others

By Application

  • Industrial
  • Residential
  • Commercial
  • Utility
  • Military and defense

By Geographical Landscape

  • North America
  • APAC
  • Europe
  • Middle East and Africa
  • South America
This study identifies the increased adoption of microgrids as one of the prime reasons driving the off-grid energy storage system market growth during the next few years. Also, rise in power consumption and decline in cost of esss will lead to sizable demand in the market.

The report on the off-grid energy storage system market covers the following areas:

  • Off-Grid Energy Storage System Market sizing
  • Off-Grid Energy Storage System Market forecast
  • Off-Grid Energy Storage System Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading off-grid energy storage system market vendors that include ABB Ltd., Aquion Energy, BYD Co. Ltd., EnerSys, Exide Technologies, Fronius International GmbH, GS Yuasa International Ltd., Hitachi Energy Ltd., LG Energy Solution Ltd., Mitsubishi Heavy Industries Ltd., NRG Energy Inc., Panasonic Holdings Corp., Primus Power Solutions, Saft Groupe SAS, Samsung SDI Co. Ltd., Schneider Electric SE, Sonnen GmbH, Sumitomo Electric Industries Ltd., Tata Power Co. Ltd., and Toshiba Corp. Also, the off-grid energy storage system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Battery Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Off-Grid Energy Storage System Market 2019 - 2023
Historic Market Size - Data Table on Global Off-Grid Energy Storage System Market 2019 - 2023 ($ million)
5.2 Battery Type segment analysis 2019 - 2023
Historic Market Size - Battery Type Segment 2019 - 2023 ($ million)
5.3 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.4 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.5 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 AI Impact on Global Off-Grid Energy Storage System Market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Battery Type
8.1 Market segments
Chart on Battery Type - Market share 2024-2029 (%)
Data Table on Battery Type - Market share 2024-2029 (%)
8.2 Comparison by Battery Type
Chart on Comparison by Battery Type
Data Table on Comparison by Battery Type
8.3 Li-ion - Market size and forecast 2024-2029
Chart on Li-ion - Market size and forecast 2024-2029 ($ million)
Data Table on Li-ion - Market size and forecast 2024-2029 ($ million)
Chart on Li-ion - Year-over-year growth 2024-2029 (%)
Data Table on Li-ion - Year-over-year growth 2024-2029 (%)
8.4 LAB - Market size and forecast 2024-2029
Chart on LAB - Market size and forecast 2024-2029 ($ million)
Data Table on LAB - Market size and forecast 2024-2029 ($ million)
Chart on LAB - Year-over-year growth 2024-2029 (%)
Data Table on LAB - Year-over-year growth 2024-2029 (%)
8.5 Sodium based batteries - Market size and forecast 2024-2029
Chart on Sodium based batteries - Market size and forecast 2024-2029 ($ million)
Data Table on Sodium based batteries - Market size and forecast 2024-2029 ($ million)
Chart on Sodium based batteries - Year-over-year growth 2024-2029 (%)
Data Table on Sodium based batteries - Year-over-year growth 2024-2029 (%)
8.6 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
8.7 Market opportunity by Battery Type
Market opportunity by Battery Type ($ million)
Data Table on Market opportunity by Battery Type ($ million)
9 Market Segmentation by Application
9.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
9.3 Industrial - Market size and forecast 2024-2029
Chart on Industrial - Market size and forecast 2024-2029 ($ million)
Data Table on Industrial - Market size and forecast 2024-2029 ($ million)
Chart on Industrial - Year-over-year growth 2024-2029 (%)
Data Table on Industrial - Year-over-year growth 2024-2029 (%)
9.4 Residential - Market size and forecast 2024-2029
Chart on Residential - Market size and forecast 2024-2029 ($ million)
Data Table on Residential - Market size and forecast 2024-2029 ($ million)
Chart on Residential - Year-over-year growth 2024-2029 (%)
Data Table on Residential - Year-over-year growth 2024-2029 (%)
9.5 Commercial - Market size and forecast 2024-2029
Chart on Commercial - Market size and forecast 2024-2029 ($ million)
Data Table on Commercial - Market size and forecast 2024-2029 ($ million)
Chart on Commercial - Year-over-year growth 2024-2029 (%)
Data Table on Commercial - Year-over-year growth 2024-2029 (%)
9.6 Utility - Market size and forecast 2024-2029
Chart on Utility - Market size and forecast 2024-2029 ($ million)
Data Table on Utility - Market size and forecast 2024-2029 ($ million)
Chart on Utility - Year-over-year growth 2024-2029 (%)
Data Table on Utility - Year-over-year growth 2024-2029 (%)
9.7 Military and defense - Market size and forecast 2024-2029
Chart on Military and defense - Market size and forecast 2024-2029 ($ million)
Data Table on Military and defense - Market size and forecast 2024-2029 ($ million)
Chart on Military and defense - Year-over-year growth 2024-2029 (%)
Data Table on Military and defense - Year-over-year growth 2024-2029 (%)
9.8 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
11.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
11.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
11.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
11.4 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
11.5 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
11.6 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
11.7 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
11.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
11.9 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
11.10 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
11.11 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
11.12 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
11.13 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
11.14 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
11.15 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
11.16 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
11.17 Mexico - Market size and forecast 2024-2029
Chart on Mexico - Market size and forecast 2024-2029 ($ million)
Data Table on Mexico - Market size and forecast 2024-2029 ($ million)
Chart on Mexico - Year-over-year growth 2024-2029 (%)
Data Table on Mexico - Year-over-year growth 2024-2029 (%)
11.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
Companies covered
14.2 Company ranking index
Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 ABB Ltd.
ABB Ltd. - Overview
ABB Ltd. - Business segments
ABB Ltd. - Key news
ABB Ltd. - Key offerings
ABB Ltd. - Segment focus
SWOT
14.5 Aquion Energy
Aquion Energy - Overview
Aquion Energy - Product / Service
Aquion Energy - Key offerings
SWOT
14.6 BYD Co. Ltd.
ByD Co. Ltd. - Overview
ByD Co. Ltd. - Business segments
ByD Co. Ltd. - Key news
ByD Co. Ltd. - Key offerings
ByD Co. Ltd. - Segment focus
SWOT
14.7 EnerSys
EnerSys - Overview
EnerSys - Business segments
EnerSys - Key news
EnerSys - Key offerings
EnerSys - Segment focus
SWOT
14.8 Exide Technologies
Exide Technologies - Overview
Exide Technologies - Product / Service
Exide Technologies - Key offerings
SWOT
14.9 Hitachi Energy Ltd.
Hitachi Energy Ltd. - Overview
Hitachi Energy Ltd. - Product / Service
Hitachi Energy Ltd. - Key offerings
SWOT
14.10 LG Energy Solution Ltd.
LG Energy Solution Ltd. - Overview
LG Energy Solution Ltd. - Product / Service
LG Energy Solution Ltd. - Key offerings
SWOT
14.11 Mitsubishi Heavy Industries Ltd.
Mitsubishi Heavy Industries Ltd. - Overview
Mitsubishi Heavy Industries Ltd. - Business segments
Mitsubishi Heavy Industries Ltd. - Key news
Mitsubishi Heavy Industries Ltd. - Key offerings
Mitsubishi Heavy Industries Ltd. - Segment focus
SWOT
14.12 NRG Energy Inc.
NRG Energy Inc. - Overview
NRG Energy Inc. - Business segments
NRG Energy Inc. - Key offerings
NRG Energy Inc. - Segment focus
SWOT
14.13 Panasonic Holdings Corp.
Panasonic Holdings Corp. - Overview
Panasonic Holdings Corp. - Business segments
Panasonic Holdings Corp. - Key news
Panasonic Holdings Corp. - Key offerings
Panasonic Holdings Corp. - Segment focus
SWOT
14.14 Samsung SDI Co. Ltd.
Samsung SDI Co. Ltd. - Overview
Samsung SDI Co. Ltd. - Business segments
Samsung SDI Co. Ltd. - Key news
Samsung SDI Co. Ltd. - Key offerings
Samsung SDI Co. Ltd. - Segment focus
SWOT
14.15 Schneider Electric SE
Schneider Electric SE - Overview
Schneider Electric SE - Business segments
Schneider Electric SE - Key news
Schneider Electric SE - Key offerings
Schneider Electric SE - Segment focus
SWOT
14.16 Sonnen GmbH
Sonnen GmbH - Overview
Sonnen GmbH - Product / Service
Sonnen GmbH - Key offerings
SWOT
14.17 Tata Power Co. Ltd.
Tata Power Co. Ltd. - Overview
Tata Power Co. Ltd. - Business segments
Tata Power Co. Ltd. - Key offerings
Tata Power Co. Ltd. - Segment focus
SWOT
14.18 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Business segments
Toshiba Corp. - Key news
Toshiba Corp. - Key offerings
Toshiba Corp. - Segment focus
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
Research methodology
15.5 Data procurement
Information sources
15.6 Data validation
Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Battery Type
Exhibits 6: Executive Summary - Chart on Market Segmentation by Application
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Company Market Positioning
Exhibits 10: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 11: Overview on criticality of inputs and factors of differentiation
Exhibits 12: Overview on factors of disruption
Exhibits 13: Impact of drivers and challenges in 2024 and 2029
Exhibits 14: Parent Market
Exhibits 15: Data Table on - Parent Market
Exhibits 16: Market characteristics analysis
Exhibits 17: Value chain analysis
Exhibits 18: Offerings of companies included in the market definition
Exhibits 19: Market segments
Exhibits 20: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 21: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 22: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 23: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 24: Historic Market Size - Data Table on Global Off-Grid Energy Storage System Market 2019 - 2023 ($ million)
Exhibits 25: Historic Market Size - Battery Type Segment 2019 - 2023 ($ million)
Exhibits 26: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 29: Five forces analysis - Comparison between 2024 and 2029
Exhibits 30: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 31: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 32: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 33: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 34: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 35: Chart on Market condition - Five forces 2024 and 2029
Exhibits 36: Chart on Battery Type - Market share 2024-2029 (%)
Exhibits 37: Data Table on Battery Type - Market share 2024-2029 (%)
Exhibits 38: Chart on Comparison by Battery Type
Exhibits 39: Data Table on Comparison by Battery Type
Exhibits 40: Chart on Li-ion - Market size and forecast 2024-2029 ($ million)
Exhibits 41: Data Table on Li-ion - Market size and forecast 2024-2029 ($ million)
Exhibits 42: Chart on Li-ion - Year-over-year growth 2024-2029 (%)
Exhibits 43: Data Table on Li-ion - Year-over-year growth 2024-2029 (%)
Exhibits 44: Chart on LAB - Market size and forecast 2024-2029 ($ million)
Exhibits 45: Data Table on LAB - Market size and forecast 2024-2029 ($ million)
Exhibits 46: Chart on LAB - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on LAB - Year-over-year growth 2024-2029 (%)
Exhibits 48: Chart on Sodium based batteries - Market size and forecast 2024-2029 ($ million)
Exhibits 49: Data Table on Sodium based batteries - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Chart on Sodium based batteries - Year-over-year growth 2024-2029 (%)
Exhibits 51: Data Table on Sodium based batteries - Year-over-year growth 2024-2029 (%)
Exhibits 52: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 53: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 54: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 55: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 56: Market opportunity by Battery Type ($ million)
Exhibits 57: Data Table on Market opportunity by Battery Type ($ million)
Exhibits 58: Chart on Application - Market share 2024-2029 (%)
Exhibits 59: Data Table on Application - Market share 2024-2029 (%)
Exhibits 60: Chart on Comparison by Application
Exhibits 61: Data Table on Comparison by Application
Exhibits 62: Chart on Industrial - Market size and forecast 2024-2029 ($ million)
Exhibits 63: Data Table on Industrial - Market size and forecast 2024-2029 ($ million)
Exhibits 64: Chart on Industrial - Year-over-year growth 2024-2029 (%)
Exhibits 65: Data Table on Industrial - Year-over-year growth 2024-2029 (%)
Exhibits 66: Chart on Residential - Market size and forecast 2024-2029 ($ million)
Exhibits 67: Data Table on Residential - Market size and forecast 2024-2029 ($ million)
Exhibits 68: Chart on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 69: Data Table on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 70: Chart on Commercial - Market size and forecast 2024-2029 ($ million)
Exhibits 71: Data Table on Commercial - Market size and forecast 2024-2029 ($ million)
Exhibits 72: Chart on Commercial - Year-over-year growth 2024-2029 (%)
Exhibits 73: Data Table on Commercial - Year-over-year growth 2024-2029 (%)
Exhibits 74: Chart on Utility - Market size and forecast 2024-2029 ($ million)
Exhibits 75: Data Table on Utility - Market size and forecast 2024-2029 ($ million)
Exhibits 76: Chart on Utility - Year-over-year growth 2024-2029 (%)
Exhibits 77: Data Table on Utility - Year-over-year growth 2024-2029 (%)
Exhibits 78: Chart on Military and defense - Market size and forecast 2024-2029 ($ million)
Exhibits 79: Data Table on Military and defense - Market size and forecast 2024-2029 ($ million)
Exhibits 80: Chart on Military and defense - Year-over-year growth 2024-2029 (%)
Exhibits 81: Data Table on Military and defense - Year-over-year growth 2024-2029 (%)
Exhibits 82: Market opportunity by Application ($ million)
Exhibits 83: Data Table on Market opportunity by Application ($ million)
Exhibits 84: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 85: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 86: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 87: Chart on Geographic comparison
Exhibits 88: Data Table on Geographic comparison
Exhibits 89: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 90: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 91: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 92: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 93: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 94: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 95: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 96: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 97: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 98: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 99: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 100: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 101: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 102: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 103: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 104: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 105: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 106: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 107: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 108: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 109: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 110: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 111: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 112: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 113: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 114: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 115: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 118: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 119: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 134: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 135: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 138: Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 139: Chart on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on France - Market size and forecast 2024-2029 ($ million)
Exhibits 142: Data Table on France - Market size and forecast 2024-2029 ($ million)
Exhibits 143: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on Mexico - Market size and forecast 2024-2029 ($ million)
Exhibits 146: Data Table on Mexico - Market size and forecast 2024-2029 ($ million)
Exhibits 147: Chart on Mexico - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on Mexico - Year-over-year growth 2024-2029 (%)
Exhibits 149: Market opportunity By Geographical Landscape ($ million)
Exhibits 150: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 151: Impact of drivers and challenges in 2024 and 2029
Exhibits 152: Overview on criticality of inputs and factors of differentiation
Exhibits 153: Overview on factors of disruption
Exhibits 154: Impact of key risks on business
Exhibits 155: Companies covered
Exhibits 156: Company ranking index
Exhibits 157: Matrix on companies position and classification
Exhibits 158: ABB Ltd. - Overview
Exhibits 159: ABB Ltd. - Business segments
Exhibits 160: ABB Ltd. - Key news
Exhibits 161: ABB Ltd. - Key offerings
Exhibits 162: ABB Ltd. - Segment focus
Exhibits 163: SWOT
Exhibits 164: Aquion Energy - Overview
Exhibits 165: Aquion Energy - Product / Service
Exhibits 166: Aquion Energy - Key offerings
Exhibits 167: SWOT
Exhibits 168: BYD Co. Ltd. - Overview
Exhibits 169: BYD Co. Ltd. - Business segments
Exhibits 170: BYD Co. Ltd. - Key news
Exhibits 171: BYD Co. Ltd. - Key offerings
Exhibits 172: BYD Co. Ltd. - Segment focus
Exhibits 173: SWOT
Exhibits 174: EnerSys - Overview
Exhibits 175: EnerSys - Business segments
Exhibits 176: EnerSys - Key news
Exhibits 177: EnerSys - Key offerings
Exhibits 178: EnerSys - Segment focus
Exhibits 179: SWOT
Exhibits 180: Exide Technologies - Overview
Exhibits 181: Exide Technologies - Product / Service
Exhibits 182: Exide Technologies - Key offerings
Exhibits 183: SWOT
Exhibits 184: Hitachi Energy Ltd. - Overview
Exhibits 185: Hitachi Energy Ltd. - Product / Service
Exhibits 186: Hitachi Energy Ltd. - Key offerings
Exhibits 187: SWOT
Exhibits 188: LG Energy Solution Ltd. - Overview
Exhibits 189: LG Energy Solution Ltd. - Product / Service
Exhibits 190: LG Energy Solution Ltd. - Key offerings
Exhibits 191: SWOT
Exhibits 192: Mitsubishi Heavy Industries Ltd. - Overview
Exhibits 193: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibits 194: Mitsubishi Heavy Industries Ltd. - Key news
Exhibits 195: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibits 196: Mitsubishi Heavy Industries Ltd. - Segment focus
Exhibits 197: SWOT
Exhibits 198: NRG Energy Inc. - Overview
Exhibits 199: NRG Energy Inc. - Business segments
Exhibits 200: NRG Energy Inc. - Key offerings
Exhibits 201: NRG Energy Inc. - Segment focus
Exhibits 202: SWOT
Exhibits 203: Panasonic Holdings Corp. - Overview
Exhibits 204: Panasonic Holdings Corp. - Business segments
Exhibits 205: Panasonic Holdings Corp. - Key news
Exhibits 206: Panasonic Holdings Corp. - Key offerings
Exhibits 207: Panasonic Holdings Corp. - Segment focus
Exhibits 208: SWOT
Exhibits 209: Samsung SDI Co. Ltd. - Overview
Exhibits 210: Samsung SDI Co. Ltd. - Business segments
Exhibits 211: Samsung SDI Co. Ltd. - Key news
Exhibits 212: Samsung SDI Co. Ltd. - Key offerings
Exhibits 213: Samsung SDI Co. Ltd. - Segment focus
Exhibits 214: SWOT
Exhibits 215: Schneider Electric SE - Overview
Exhibits 216: Schneider Electric SE - Business segments
Exhibits 217: Schneider Electric SE - Key news

Executive Summary

The following companies are recognized as the key players in the global off-grid energy storage system market: ABB Ltd., Aquion Energy, BYD Co. Ltd., EnerSys, Exide Technologies, Fronius International GmbH, GS Yuasa International Ltd., Hitachi Energy Ltd., LG Energy Solution Ltd., Mitsubishi Heavy Industries Ltd., NRG Energy Inc., Panasonic Holdings Corp., Primus Power Solutions, Saft Groupe SAS, Samsung SDI Co. Ltd., Schneider Electric SE, Sonnen GmbH, Sumitomo Electric Industries Ltd., Tata Power Co. Ltd., and Toshiba Corp..

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

According to the report, one of the major drivers for this market is the change in energy mix.

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.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB Ltd.
  • Aquion Energy
  • BYD Co. Ltd.
  • EnerSys
  • Exide Technologies
  • Fronius International GmbH
  • GS Yuasa International Ltd.
  • Hitachi Energy Ltd.
  • LG Energy Solution Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • NRG Energy Inc.
  • Panasonic Holdings Corp.
  • Primus Power Solutions
  • Saft Groupe SAS
  • Samsung SDI Co. Ltd.
  • Schneider Electric SE
  • Sonnen GmbH
  • Sumitomo Electric Industries Ltd.
  • Tata Power Co. Ltd.
  • Toshiba Corp.

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