Global Off-Grid Energy Storage Systems Market

Aug 2018| VMR1024A| Verified Market Research

Report Highlights

At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to Verified Market Intelligence, the Global Off-Grid Energy Storage Systems Market was valued at USD 28.97 billion in 2017 and is projected to reach USD 51.81 billion by 2025, growing at a CAGR of 7.5% from 2018 to 2025.
 
The volatile environment conditions requires a need for off grid energy storage systems such as batteries, inverters, generators, etc., as large electricity fluctuations can lead to black outs. Off grid Energy storage can be best described as the battery storage grids which can be utilized when electricity shuts down or there is high voltage power supply fluctuations. Off grid energy storage services are back up electricity generating units which can be installed to meet the increasing energy demands

Growing digitization and automation and growing needs for energy supply are the potential drivers for the global Off-Grid Energy Storage Systems market while expensive installation charges might hinder the market to grow at a global level and acts a prospective restraint for the market.


The “Global Off-Grid Energy Storage Systems Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Amperex Technology, Aquion Energy, Boston-Power, CEA (Commissariatal energie atomique), China Aviation Lithium Battery, EnerSys, GE Renewable Energy, Green, LG Chem, Mitsubishi Heavy Industries, NEC Energy Solutions, NRG Energy. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

As a part of market estimation, the study also comprises a list of tables and figures for the “Global Off-Grid Energy Storage Systems Market” which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application and geography.

On the basis of type, the Global Off-Grid Energy Storage Systems Market can be categorized into two sections, by product and application. This market study analyses the industry for Off- Grid energy storage systems is based on these divisions. The Off- Grid energy storage system’s products are divided into lithium ion batteries, lead-acid batteries, sodium based batteries and others. The industry is then sectioned by application which includes residential backup power, industrial UPS, unattended Equipment and more. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.

Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.

Why BCC Research?

Every purchase provides access to:

  • Thousands of recently published reports from select publishers
  • Member Discounts of up to 50% on over 20,000 additional reports from all publishers
  • Our analysts and research concierge for all inquiries
CUSTOM RESEARCH

Need a custom data table, graph or complete report? Tell us more.

Contact Us
Share This Report