Market Scope : Energy Storage Market for Microgrids Globally Grow At a CAGR of 16.72 By 2021

ResearchMoz presents professional and in-depth study of "Global Energy Storage Market for Microgrids 2017-2021".

A microgrid is a small group of power generation assets and energy storage equipment, generating power independently in order to meet local energy needs.

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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.

Technavios 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

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Technavios 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

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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?

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