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Global Energy Storage Market for Microgrids 2017-2021

Global Energy Storage Market for Microgrids 2017-2021

About Energy Storage for Microgrids

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.

Technavio’s analysts forecast the global energy storage market for microgrids to grow at a CAGR of 16.72% during the period 2017-2021.

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
Technavio's report, 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 driver
  • Increasing government support
  • For a full, detailed list, view our report
Market challenge
  • High exit and standby costs
  • For a full, detailed list, view our report
Market trend
  • Rapid advances in technology
  • For a full, detailed list, view our 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Energy Storage Market for Microgrids 2017-2021

Technavio 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 Technavio’s 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.

Companies Mentioned

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.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Benefits of microgrids
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global energy storage market for microgrids 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global energy storage market for microgrids by application
      • Table Global energy storage market for microgrids by application 2016 and 2021 (%)
      • Table Global energy storage market for microgrids by application 2016-2021 ($ millions)
    • Global energy storage application in remote microgrids
      • Table Global energy storage application in remote microgrids 2016-2021 ($ millions)
    • Global energy storage application in community and utility microgrids
      • Table Global energy storage application in community and utility microgrids 2016-2021 ($ millions)
      • Table Benefits of microgrid by stake holders
      • Table Estimated cost of unplanned outages
    • Global energy storage application in institutions and campus microgrids
      • Table Global energy storage application in institution and campus microgrids 2016-2021 ($ millions)
    • Global energy storage application in military microgrids
      • Table Global energy storage application in military microgrids 2016-2021 ($ millions)
  • Geographical segmentation
    • Global energy storage market for microgrids by geography
      • Table Global energy storage market for microgrids by geography 2016 and 2021 (%)
      • Table Global energy storage market for microgrids by geography 2016-2021 ($ millions)
    • Energy storage market for microgrids in Americas
      • Table Energy storage market for microgrids in Americas 2016-2021 ($ millions)
    • Energy storage market for microgrids in APAC
      • Table Energy storage market for microgrids in APAC 2016-2021 ($ millions)
    • Energy storage market for microgrids in EMEA
      • Table Energy storage market for microgrids in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Estimation of damage in Tohoku region
      • Table Outages and percentage of affected customers at peak during the Hurricane Sandy 2012
      • Table Timeline of microgrid programs introduced 1998-2012
      • Table Grid power flow
      • Table Global transmission and distribution losses 2010-2014 (% of output)
      • Table Microgrid operation
    • Market challenges
      • Table Components of a microgrid
      • Table Estimated cost of microgrid components, 2016 (%)
      • Table Exit fees charged by utilities in Las Vegas
  • Market trends
    • Rapid advances in technology
    • Rising demand for microgrids in military applications
    • Microgrids for protection from cyber security attacks
      • Table Global threats and their impact
      • Table Smart grid implementation and cyber security impacts
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • NEC Energy Solutions
      • Table NEC Energy Solutions: Key products
      • Table NEC Energy Solutions: Key solutions
    • NRG Energy
    • Saft
      • Table Saft: Key products
    • Samsung SDI
      • Table Samsung SDI: Key products
    • UniEnergy Technologies
      • Table UniEnergy Technologies: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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