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Global Energy Storage Market for Microgrids 2023-2027

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    Report

  • 182 Pages
  • December 2022
  • Region: Global
  • TechNavio
  • ID: 5710102
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The energy storage market for microgrids is forecast to grow by $1,361.05 mn during 2022-2027, accelerating at a CAGR of 18.9% during the forecast period. The report on the energy storage market for microgrids 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 increasing government support and microgrid energy storage installation projects, increasing economic benefits of energy storage microgrids, and surging use of microgrids for rural electrification.

The energy storage market for microgrids is segmented as below:

By Application

  • Remote
  • Community and utility
  • Institution and campus
  • Military

By Battery Type

  • Lithium-ion batteries
  • Lead-acid batteries

By Geographical Landscape

  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the advancements in technology as one of the prime reasons driving the energy storage market growth during the next few years. Also, market attracting new vendors and rising demand for microgrids in military applications will lead to sizable demand in the market.

The report on the energy storage market for microgrids covers the following areas:

  • Energy storage market sizing
  • Energy storage market forecast
  • Energy storage market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading energy storage market vendors that include ABB Ltd., AEG Power Solutions BV, Aquion Energy, AT and T Inc., Beacon Power Systems, David MacBrayne Ltd., EnerSys, General Electric Co., GS Yuasa Corp., Hitachi Ltd., LG Corp., Mitsubishi Heavy Industries Ltd., Morimura Bros Inc., Panasonic Holdings Corp., S and C Electric Co., Samsung Electronics Co. Ltd., Shell plc, Sumitomo Electric Industries Ltd., Toshiba Corp., and TotalEnergies SE. Also, the energy storage market for microgrids 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 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 an analysis of the key vendors.

The publisher 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 research - both primary and secondary. 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
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Battery Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global energy storage market for microgrids 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global energy storage market for microgrids 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 Battery Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Battery Type Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Remote - Market size and forecast 2022-2027
Exhibit 34: Chart on Remote - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Remote - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Remote - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Remote - Year-over-year growth 2022-2027 (%)
6.4 Community and utility - Market size and forecast 2022-2027
Exhibit 38: Chart on Community and utility - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Community and utility - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Community and utility - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Community and utility - Year-over-year growth 2022-2027 (%)
6.5 Institution and campus - Market size and forecast 2022-2027
Exhibit 42: Chart on Institution and campus - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Institution and campus - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Institution and campus - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Institution and campus - Year-over-year growth 2022-2027 (%)
6.6 Military - Market size and forecast 2022-2027
Exhibit 46: Chart on Military - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Military - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Military - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Military - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ million)
7 Market Segmentation by Battery Type
7.1 Market segments
Exhibit 51: Chart on Battery Type - Market share 2022-2027 (%)
Exhibit 52: Data Table on Battery Type - Market share 2022-2027 (%)
7.2 Comparison by Battery Type
Exhibit 53: Chart on Comparison by Battery Type
Exhibit 54: Data Table on Comparison by Battery Type
7.3 Lithium-ion batteries - Market size and forecast 2022-2027
Exhibit 55: Chart on Lithium-ion batteries - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Lithium-ion batteries - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
7.4 Lead-acid batteries - Market size and forecast 2022-2027
Exhibit 59: Chart on Lead-acid batteries - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Lead-acid batteries - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Lead-acid batteries - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Lead-acid batteries - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Battery Type
Exhibit 63: Market opportunity by Battery Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 65: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 66: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 APAC - Market size and forecast 2022-2027
Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 France - Market size and forecast 2022-2027
Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
9.12 Japan - Market size and forecast 2022-2027
Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 109: Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 110: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 112: Overview on factors of disruption
11.4 Industry risks
Exhibit 113: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 114: Vendors covered
12.2 Market positioning of vendors
Exhibit 115: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 116: ABB Ltd. - Overview
Exhibit 117: ABB Ltd. - Business segments
Exhibit 118: ABB Ltd. - Key offerings
Exhibit 119: ABB Ltd. - Segment focus
12.4 Aquion Energy
Exhibit 120: Aquion Energy - Overview
Exhibit 121: Aquion Energy - Product/Service
Exhibit 122: Aquion Energy - Key offerings
12.5 AT and T Inc.
Exhibit 123: AT and T Inc. - Overview
Exhibit 124: AT and T Inc. - Business segments
Exhibit 125: AT and T Inc. - Key news
Exhibit 126: AT and T Inc. - Key offerings
Exhibit 127: AT and T Inc. - Segment focus
12.6 David MacBrayne Ltd.
Exhibit 128: David MacBrayne Ltd. - Overview
Exhibit 129: David MacBrayne Ltd. - Business segments
Exhibit 130: David MacBrayne Ltd. - Key offerings
Exhibit 131: David MacBrayne Ltd. - Segment focus
12.7 General Electric Co.
Exhibit 132: General Electric Co. - Overview
Exhibit 133: General Electric Co. - Business segments
Exhibit 134: General Electric Co. - Key news
Exhibit 135: General Electric Co. - Key offerings
Exhibit 136: General Electric Co. - Segment focus
12.8 LG Corp.
Exhibit 137: LG Corp. - Overview
Exhibit 138: LG Corp. - Business segments
Exhibit 139: LG Corp. - Key offerings
Exhibit 140: LG Corp. - Segment focus
12.9 Mitsubishi Heavy Industries Ltd.
Exhibit 141: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 142: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 143: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 144: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 145: Mitsubishi Heavy Industries Ltd. - Segment focus
12.10 Morimura Bros Inc.
Exhibit 146: Morimura Bros Inc. - Overview
Exhibit 147: Morimura Bros Inc. - Product/Service
Exhibit 148: Morimura Bros Inc. - Key offerings
12.11 Panasonic Holdings Corp.
Exhibit 149: Panasonic Holdings Corp. - Overview
Exhibit 150: Panasonic Holdings Corp. - Business segments
Exhibit 151: Panasonic Holdings Corp. - Key news
Exhibit 152: Panasonic Holdings Corp. - Key offerings
Exhibit 153: Panasonic Holdings Corp. - Segment focus
12.12 S and C Electric Co.
Exhibit 154: S and C Electric Co. - Overview
Exhibit 155: S and C Electric Co. - Product/Service
Exhibit 156: S and C Electric Co. - Key offerings
12.13 Samsung Electronics Co. Ltd.
Exhibit 157: Samsung Electronics Co. Ltd. - Overview
Exhibit 158: Samsung Electronics Co. Ltd. - Business segments
Exhibit 159: Samsung Electronics Co. Ltd. - Key news
Exhibit 160: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 161: Samsung Electronics Co. Ltd. - Segment focus
12.14 Shell plc
Exhibit 162: Shell plc - Overview
Exhibit 163: Shell plc - Business segments
Exhibit 164: Shell plc - Key news
Exhibit 165: Shell plc - Key offerings
Exhibit 166: Shell plc - Segment focus
12.15 Sumitomo Electric Industries Ltd.
Exhibit 167: Sumitomo Electric Industries Ltd. - Overview
Exhibit 168: Sumitomo Electric Industries Ltd. - Business segments
Exhibit 169: Sumitomo Electric Industries Ltd. - Key news
Exhibit 170: Sumitomo Electric Industries Ltd. - Key offerings
Exhibit 171: Sumitomo Electric Industries Ltd. - Segment focus
12.16 Toshiba Corp.
Exhibit 172: Toshiba Corp. - Overview
Exhibit 173: Toshiba Corp. - Business segments
Exhibit 174: Toshiba Corp. - Key offerings
Exhibit 175: Toshiba Corp. - Segment focus
12.17 TotalEnergies SE
Exhibit 176: TotalEnergies SE - Overview
Exhibit 177: TotalEnergies SE - Business segments
Exhibit 178: TotalEnergies SE - Key news
Exhibit 179: TotalEnergies SE - Key offerings
Exhibit 180: TotalEnergies SE - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 181: Inclusions checklist
Exhibit 182: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 183: Currency conversion rates for US$
13.4 Research methodology
Exhibit 184: Research methodology
Exhibit 185: Validation techniques employed for market sizing
Exhibit 186: Information sources
13.5 List of abbreviations
Exhibit 187: 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 Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by Battery Type
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibits 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibits 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Exhibits 18: Historic Market Size - Data Table on Global energy storage market for microgrids 2017 - 2021 ($ million)
Exhibits 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
Exhibits 20: Historic Market Size - Battery Type Segment 2017 - 2021 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2022 and 2027
Exhibits 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 26: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 27: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 28: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 29: Chart on Market condition - Five forces 2022 and 2027
Exhibits 30: Chart on Application - Market share 2022-2027 (%)
Exhibits 31: Data Table on Application - Market share 2022-2027 (%)
Exhibits 32: Chart on Comparison by Application
Exhibits 33: Data Table on Comparison by Application
Exhibits 34: Chart on Remote - Market size and forecast 2022-2027 ($ million)
Exhibits 35: Data Table on Remote - Market size and forecast 2022-2027 ($ million)
Exhibits 36: Chart on Remote - Year-over-year growth 2022-2027 (%)
Exhibits 37: Data Table on Remote - Year-over-year growth 2022-2027 (%)
Exhibits 38: Chart on Community and utility - Market size and forecast 2022-2027 ($ million)
Exhibits 39: Data Table on Community and utility - Market size and forecast 2022-2027 ($ million)
Exhibits 40: Chart on Community and utility - Year-over-year growth 2022-2027 (%)
Exhibits 41: Data Table on Community and utility - Year-over-year growth 2022-2027 (%)
Exhibits 42: Chart on Institution and campus - Market size and forecast 2022-2027 ($ million)
Exhibits 43: Data Table on Institution and campus - Market size and forecast 2022-2027 ($ million)
Exhibits 44: Chart on Institution and campus - Year-over-year growth 2022-2027 (%)
Exhibits 45: Data Table on Institution and campus - Year-over-year growth 2022-2027 (%)
Exhibits 46: Chart on Military - Market size and forecast 2022-2027 ($ million)
Exhibits 47: Data Table on Military - Market size and forecast 2022-2027 ($ million)
Exhibits 48: Chart on Military - Year-over-year growth 2022-2027 (%)
Exhibits 49: Data Table on Military - Year-over-year growth 2022-2027 (%)
Exhibits 50: Market opportunity by Application ($ million)
Exhibits 51: Chart on Battery Type - Market share 2022-2027 (%)
Exhibits 52: Data Table on Battery Type - Market share 2022-2027 (%)
Exhibits 53: Chart on Comparison by Battery Type
Exhibits 54: Data Table on Comparison by Battery Type
Exhibits 55: Chart on Lithium-ion batteries - Market size and forecast 2022-2027 ($ million)
Exhibits 56: Data Table on Lithium-ion batteries - Market size and forecast 2022-2027 ($ million)
Exhibits 57: Chart on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
Exhibits 58: Data Table on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
Exhibits 59: Chart on Lead-acid batteries - Market size and forecast 2022-2027 ($ million)
Exhibits 60: Data Table on Lead-acid batteries - Market size and forecast 2022-2027 ($ million)
Exhibits 61: Chart on Lead-acid batteries - Year-over-year growth 2022-2027 (%)
Exhibits 62: Data Table on Lead-acid batteries - Year-over-year growth 2022-2027 (%)
Exhibits 63: Market opportunity by Battery Type ($ million)
Exhibits 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 65: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibits 66: Data Table on Market share By Geographical Landscape 2022-2027 (%)
Exhibits 67: Chart on Geographic comparison
Exhibits 68: Data Table on Geographic comparison
Exhibits 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibits 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibits 71: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibits 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
Exhibits 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibits 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibits 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
Exhibits 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibits 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibits 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
Exhibits 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibits 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibits 83: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibits 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
Exhibits 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibits 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibits 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibits 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibits 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibits 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibits 92: Data Table on US - Year-over-year growth 2022-2027 (%)
Exhibits 93: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibits 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibits 95: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibits 96: Data Table on China - Year-over-year growth 2022-2027 (%)
Exhibits 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibits 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibits 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibits 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
Exhibits 101: Chart on France - Market size and forecast 2022-2027 ($ million)
Exhibits 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
Exhibits 103: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibits 104: Data Table on France - Year-over-year growth 2022-2027 (%)
Exhibits 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibits 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibits 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
Exhibits 109: Market opportunity By Geographical Landscape ($ million)
Exhibits 110: Impact of drivers and challenges in 2022 and 2027
Exhibits 111: Overview on Criticality of inputs and Factors of differentiation
Exhibits 112: Overview on factors of disruption
Exhibits 113: Impact of key risks on business
Exhibits 114: Vendors covered
Exhibits 115: Matrix on vendor position and classification
Exhibits 116: ABB Ltd. - Overview
Exhibits 117: ABB Ltd. - Business segments
Exhibits 118: ABB Ltd. - Key offerings
Exhibits 119: ABB Ltd. - Segment focus
Exhibits 120: Aquion Energy - Overview
Exhibits 121: Aquion Energy - Product/Service
Exhibits 122: Aquion Energy - Key offerings
Exhibits 123: AT and T Inc. - Overview
Exhibits 124: AT and T Inc. - Business segments
Exhibits 125: AT and T Inc. - Key news
Exhibits 126: AT and T Inc. - Key offerings
Exhibits 127: AT and T Inc. - Segment focus
Exhibits 128: David MacBrayne Ltd. - Overview
Exhibits 129: David MacBrayne Ltd. - Business segments
Exhibits 130: David MacBrayne Ltd. - Key offerings
Exhibits 131: David MacBrayne Ltd. - Segment focus
Exhibits 132: General Electric Co. - Overview
Exhibits 133: General Electric Co. - Business segments
Exhibits 134: General Electric Co. - Key news
Exhibits 135: General Electric Co. - Key offerings
Exhibits 136: General Electric Co. - Segment focus
Exhibits 137: LG Corp. - Overview
Exhibits 138: LG Corp. - Business segments
Exhibits 139: LG Corp. - Key offerings
Exhibits 140: LG Corp. - Segment focus
Exhibits 141: Mitsubishi Heavy Industries Ltd. - Overview
Exhibits 142: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibits 143: Mitsubishi Heavy Industries Ltd. - Key news
Exhibits 144: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibits 145: Mitsubishi Heavy Industries Ltd. - Segment focus
Exhibits 146: Morimura Bros Inc. - Overview
Exhibits 147: Morimura Bros Inc. - Product/Service
Exhibits 148: Morimura Bros Inc. - Key offerings
Exhibits 149: Panasonic Holdings Corp. - Overview
Exhibits 150: Panasonic Holdings Corp. - Business segments
Exhibits 151: Panasonic Holdings Corp. - Key news
Exhibits 152: Panasonic Holdings Corp. - Key offerings
Exhibits 153: Panasonic Holdings Corp. - Segment focus
Exhibits 154: S and C Electric Co. - Overview
Exhibits 155: S and C Electric Co. - Product/Service
Exhibits 156: S and C Electric Co. - Key offerings
Exhibits 157: Samsung Electronics Co. Ltd. - Overview
Exhibits 158: Samsung Electronics Co. Ltd. - Business segments
Exhibits 159: Samsung Electronics Co. Ltd. - Key news
Exhibits 160: Samsung Electronics Co. Ltd. - Key offerings
Exhibits 161: Samsung Electronics Co. Ltd. - Segment focus
Exhibits 162: Shell plc - Overview
Exhibits 163: Shell plc - Business segments
Exhibits 164: Shell plc - Key news
Exhibits 165: Shell plc - Key offerings
Exhibits 166: Shell plc - Segment focus
Exhibits 167: Sumitomo Electric Industries Ltd. - Overview
Exhibits 168: Sumitomo Electric Industries Ltd. - Business segments
Exhibits 169: Sumitomo Electric Industries Ltd. - Key news
Exhibits 170: Sumitomo Electric Industries Ltd. - Key offerings
Exhibits 171: Sumitomo Electric Industries Ltd. - Segment focus
Exhibits 172: Toshiba Corp. - Overview
Exhibits 173: Toshiba Corp. - Business segments
Exhibits 174: Toshiba Corp. - Key offerings
Exhibits 175: Toshiba Corp. - Segment focus
Exhibits 176: TotalEnergies SE - Overview
Exhibits 177: TotalEnergies SE - Business segments
Exhibits 178: TotalEnergies SE - Key news
Exhibits 179: TotalEnergies SE - Key offerings
Exhibits 180: TotalEnergies SE - Segment focus
Exhibits 181: Inclusions checklist
Exhibits 182: Exclusions checklist
Exhibits 183: Currency conversion rates for US$
Exhibits 184: Research methodology
Exhibits 185: Validation techniques employed for market sizing
Exhibits 186: Information sources
Exhibits 187: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global energy storage market for microgrids: ABB Ltd., AEG Power Solutions BV, Aquion Energy, AT and T Inc., Beacon Power Systems, David MacBrayne Ltd., EnerSys, General Electric Co., GS Yuasa Corp., Hitachi Ltd., LG Corp., Mitsubishi Heavy Industries Ltd., Morimura Bros Inc., Panasonic Holdings Corp., S and C Electric Co., Samsung Electronics Co. Ltd., Shell plc, Sumitomo Electric Industries Ltd., Toshiba Corp., and TotalEnergies SE.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is advancements in technology.`

According to the report, one of the major drivers for this market is the increasing government support and microgrid energy storage installation projects.

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

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • AEG Power Solutions BV
  • Aquion Energy
  • AT and T Inc.
  • Beacon Power Systems
  • David MacBrayne Ltd.
  • EnerSys
  • General Electric Co.
  • GS Yuasa Corp.
  • Hitachi Ltd.
  • LG Corp.
  • Mitsubishi Heavy Industries Ltd.
  • Morimura Bros Inc.
  • Panasonic Holdings Corp.
  • S and C Electric Co.
  • Samsung Electronics Co. Ltd.
  • Shell plc
  • Sumitomo Electric Industries Ltd.
  • Toshiba Corp.
  • TotalEnergies SE