Global Energy Storage Battery for Microgrids Market Insights and Forecast to 2028

Energy storage battery for microgrids is an energy reservoir that can store electrical energy and supply energy when required. Such a battery system has the added advantage of matching generation to the time of use and enables peak-shaving applications. Battery-based energy storage is more environmentally-friendly than traditional diesel generators and significantly reduces the fuel and sizing needs for common backup generators. Even small amounts of energy storage can have a major impact on reducing fuel costs, maintenance and omissions of diesel or bio-diesel generators.
Market Analysis and Insights: Global Energy Storage Battery for Microgrids Market
Due to the COVID-19 pandemic, the global Energy Storage Battery for Microgrids market size is estimated to be worth US$ 301.7 million in 2022 and is forecast to a readjusted size of US$ 465.6 million by 2028 with a CAGR of 7.5% during the review period. Fully considering the economic change by this health crisis, Sodium-sulfur Battery accounting for % of the Energy Storage Battery for Microgrids global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Household segment is altered to an % CAGR throughout this forecast period.
The major players in global Energy Storage Battery for Microgrids market include NGK Group, Panasonic, Toshiba, BYD, etc. The top 4 players occupy about 40% shares of the global market. North America and Europe are main markets, they occupy about 60% of the global market. Sodium-sulfur Battery and Lithium-ion are main types, with a share about 70%. Utility is the main application, which holds a share about 90%.
In terms of production side, this report researches the Energy Storage Battery for Microgrids capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Energy Storage Battery for Microgrids by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Energy Storage Battery for Microgrids Scope and Segment
Energy Storage Battery for Microgrids market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Energy Storage Battery for Microgrids market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Sodium-sulfur Battery
VRLA Lead Acid
Lithium-ion
Others
Segment by Application
Household
Enterprise
Utility
By Company
NGK Group
Samsung SDI
NEC
Panasonic
MHI
Toshiba
S&C Electric
Beacon Power
CALMAC
Saft
Sumitomo Electric
EnSync
Eos Energy Storage
OutBack Power
Aggreko
BYD
CALB
ATL
Rongke Power
Shen-li High Tech
Meineng
Chilwee
Narada
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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QYR-19998608

14-Jan-2022

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