Global Microgrid Energy Storage Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI05241277

Publication Date:

May 1, 2024

Pages:

138

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

Microgrid is a low-voltage network composed of distributed energy sources, energy storage devices and controllable loads. Its capacity ranges from hundreds of kilowatts to several megawatts. It can operate in parallel with the distribution network and can be disconnected when the upper-level power grid fails. The network operates independently and can be reconnected to the grid after fault recovery. A microgrid is a discrete energy system that provides electric power for a specific region or facility by integrating with distributed energy resources (e.g., solar and wind power) and ESS. Microgrid energy storage refers to the energy storage system (ESS) applied to microgrids. ESS can store electrical energy to provide power demand systems when needed. Its main function is to improve the reliability of the microgrid system, balance power supply and demand, control system power quality, extend equipment life, and reduce construction and operating costs.
The global Microgrid Energy Storage market size is projected to grow from US$ 290 million in 2024 to US$ 516 million in 2030; it is expected to grow at a CAGR of 10.1% from 2024 to 2030.
The 鈥淢icrogrid Energy Storage Industry Forecast鈥� looks at past sales and reviews total world Microgrid Energy Storage sales in 2022, providing a comprehensive analysis by region and market sector of projected Microgrid Energy Storage sales for 2023 through 2029. With Microgrid Energy Storage sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microgrid Energy Storage industry.
This Insight Report provides a comprehensive analysis of the global Microgrid Energy Storage landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Microgrid Energy Storage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Microgrid Energy Storage market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microgrid Energy Storage and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microgrid Energy Storage.
Global key players of Microgrid Energy Storage include Samsung SDI, Panasonic, LG Energy Solution Ltd, Hitachi, Toshiba, etc. The top five players hold a share over 50%. North America is the largest market, and has a share about 40%, followed by China with share 20%. In terms of product type, Lithium-ion Battery is the largest segment, occupied for a share of 88%. In terms of application, Utility & Residential has a share about 67 percent.
This report presents a comprehensive overview, market shares, and growth opportunities of Microgrid Energy Storage market by product type, application, key players and key regions and countries.
Segmentation by Type:
Lithium-ion Battery
Lead-acid Battery
Others
Segmentation by Application:
Utility & Residential
Commercial & Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Segmentation by Type:
Lithium-ion Battery
Lead-acid Battery
Others
Segmentation by Application:
Utility & Residential
Commercial & Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Samsung SDI
Panasonic
LG Energy Solution Ltd
Hitachi
Toshiba
LSIS
Fluence
NGK Group
S&C Electric
Saft
Sumitomo Electric
EnSync
Eos Energy Storage
Aggreko
BYD
CALB
Rongke Power
Narada

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Microgrid Energy Storage Market Size 2019-2030
2.1.2 Microgrid Energy Storage Market Size CAGR by Region (2019 VS 2023 VS 2030)
2.1.3 World Current & Future Analysis for Microgrid Energy Storage by Country/Region, 2019, 2023 & 2030
2.2 Microgrid Energy Storage Segment by Type
2.2.1 Lithium-ion Battery
2.2.2 Lead-acid Battery
2.2.3 Others
2.3 Microgrid Energy Storage Market Size by Type
2.3.1 Microgrid Energy Storage Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Microgrid Energy Storage Market Size Market Share by Type (2019-2024)
2.4 Microgrid Energy Storage Segment by Application
2.4.1 Utility & Residential
2.4.2 Commercial & Industrial
2.4.3 Others
2.5 Microgrid Energy Storage Market Size by Application
2.5.1 Microgrid Energy Storage Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Microgrid Energy Storage Market Size Market Share by Application (2019-2024)
3 Microgrid Energy Storage Market Size by Player
3.1 Microgrid Energy Storage Market Size Market Share by Player
3.1.1 Global Microgrid Energy Storage Revenue by Player (2019-2024)
3.1.2 Global Microgrid Energy Storage Revenue Market Share by Player (2019-2024)
3.2 Global Microgrid Energy Storage Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Microgrid Energy Storage by Region
4.1 Microgrid Energy Storage Market Size by Region (2019-2024)
4.2 Global Microgrid Energy Storage Annual Revenue by Country/Region (2019-2024)
4.3 Americas Microgrid Energy Storage Market Size Growth (2019-2024)
4.4 APAC Microgrid Energy Storage Market Size Growth (2019-2024)
4.5 Europe Microgrid Energy Storage Market Size Growth (2019-2024)
4.6 Middle East & Africa Microgrid Energy Storage Market Size Growth (2019-2024)
5 Americas
5.1 Americas Microgrid Energy Storage Market Size by Country (2019-2024)
5.2 Americas Microgrid Energy Storage Market Size by Type (2019-2024)
5.3 Americas Microgrid Energy Storage Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Microgrid Energy Storage Market Size by Region (2019-2024)
6.2 APAC Microgrid Energy Storage Market Size by Type (2019-2024)
6.3 APAC Microgrid Energy Storage Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Microgrid Energy Storage Market Size by Country (2019-2024)
7.2 Europe Microgrid Energy Storage Market Size by Type (2019-2024)
7.3 Europe Microgrid Energy Storage Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Microgrid Energy Storage by Region (2019-2024)
8.2 Middle East & Africa Microgrid Energy Storage Market Size by Type (2019-2024)
8.3 Middle East & Africa Microgrid Energy Storage Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Microgrid Energy Storage Market Forecast
10.1 Global Microgrid Energy Storage Forecast by Region (2025-2030)
10.1.1 Global Microgrid Energy Storage Forecast by Region (2025-2030)
10.1.2 Americas Microgrid Energy Storage Forecast
10.1.3 APAC Microgrid Energy Storage Forecast
10.1.4 Europe Microgrid Energy Storage Forecast
10.1.5 Middle East & Africa Microgrid Energy Storage Forecast
10.2 Americas Microgrid Energy Storage Forecast by Country (2025-2030)
10.2.1 United States Market Microgrid Energy Storage Forecast
10.2.2 Canada Market Microgrid Energy Storage Forecast
10.2.3 Mexico Market Microgrid Energy Storage Forecast
10.2.4 Brazil Market Microgrid Energy Storage Forecast
10.3 APAC Microgrid Energy Storage Forecast by Region (2025-2030)
10.3.1 China Microgrid Energy Storage Market Forecast
10.3.2 Japan Market Microgrid Energy Storage Forecast
10.3.3 Korea Market Microgrid Energy Storage Forecast
10.3.4 Southeast Asia Market Microgrid Energy Storage Forecast
10.3.5 India Market Microgrid Energy Storage Forecast
10.3.6 Australia Market Microgrid Energy Storage Forecast
10.4 Europe Microgrid Energy Storage Forecast by Country (2025-2030)
10.4.1 Germany Market Microgrid Energy Storage Forecast
10.4.2 France Market Microgrid Energy Storage Forecast
10.4.3 UK Market Microgrid Energy Storage Forecast
10.4.4 Italy Market Microgrid Energy Storage Forecast
10.4.5 Russia Market Microgrid Energy Storage Forecast
10.5 Middle East & Africa Microgrid Energy Storage Forecast by Region (2025-2030)
10.5.1 Egypt Market Microgrid Energy Storage Forecast
10.5.2 South Africa Market Microgrid Energy Storage Forecast
10.5.3 Israel Market Microgrid Energy Storage Forecast
10.5.4 Turkey Market Microgrid Energy Storage Forecast
10.6 Global Microgrid Energy Storage Forecast by Type (2025-2030)
10.7 Global Microgrid Energy Storage Forecast by Application (2025-2030)
10.7.1 GCC Countries Market Microgrid Energy Storage Forecast
11 Key Players Analysis
11.1 Samsung SDI
11.1.1 Samsung SDI Company Information
11.1.2 Samsung SDI Microgrid Energy Storage Product Offered
11.1.3 Samsung SDI Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Samsung SDI Main Business Overview
11.1.5 Samsung SDI Latest Developments
11.2 Panasonic
11.2.1 Panasonic Company Information
11.2.2 Panasonic Microgrid Energy Storage Product Offered
11.2.3 Panasonic Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Panasonic Main Business Overview
11.2.5 Panasonic Latest Developments
11.3 LG Energy Solution Ltd
11.3.1 LG Energy Solution Ltd Company Information
11.3.2 LG Energy Solution Ltd Microgrid Energy Storage Product Offered
11.3.3 LG Energy Solution Ltd Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 LG Energy Solution Ltd Main Business Overview
11.3.5 LG Energy Solution Ltd Latest Developments
11.4 Hitachi
11.4.1 Hitachi Company Information
11.4.2 Hitachi Microgrid Energy Storage Product Offered
11.4.3 Hitachi Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Hitachi Main Business Overview
11.4.5 Hitachi Latest Developments
11.5 Toshiba
11.5.1 Toshiba Company Information
11.5.2 Toshiba Microgrid Energy Storage Product Offered
11.5.3 Toshiba Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Toshiba Main Business Overview
11.5.5 Toshiba Latest Developments
11.6 LSIS
11.6.1 LSIS Company Information
11.6.2 LSIS Microgrid Energy Storage Product Offered
11.6.3 LSIS Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 LSIS Main Business Overview
11.6.5 LSIS Latest Developments
11.7 Fluence
11.7.1 Fluence Company Information
11.7.2 Fluence Microgrid Energy Storage Product Offered
11.7.3 Fluence Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Fluence Main Business Overview
11.7.5 Fluence Latest Developments
11.8 NGK Group
11.8.1 NGK Group Company Information
11.8.2 NGK Group Microgrid Energy Storage Product Offered
11.8.3 NGK Group Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 NGK Group Main Business Overview
11.8.5 NGK Group Latest Developments
11.9 S&C Electric
11.9.1 S&C Electric Company Information
11.9.2 S&C Electric Microgrid Energy Storage Product Offered
11.9.3 S&C Electric Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 S&C Electric Main Business Overview
11.9.5 S&C Electric Latest Developments
11.10 Saft
11.10.1 Saft Company Information
11.10.2 Saft Microgrid Energy Storage Product Offered
11.10.3 Saft Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Saft Main Business Overview
11.10.5 Saft Latest Developments
11.11 Sumitomo Electric
11.11.1 Sumitomo Electric Company Information
11.11.2 Sumitomo Electric Microgrid Energy Storage Product Offered
11.11.3 Sumitomo Electric Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Sumitomo Electric Main Business Overview
11.11.5 Sumitomo Electric Latest Developments
11.12 EnSync
11.12.1 EnSync Company Information
11.12.2 EnSync Microgrid Energy Storage Product Offered
11.12.3 EnSync Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 EnSync Main Business Overview
11.12.5 EnSync Latest Developments
11.13 Eos Energy Storage
11.13.1 Eos Energy Storage Company Information
11.13.2 Eos Energy Storage Microgrid Energy Storage Product Offered
11.13.3 Eos Energy Storage Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Eos Energy Storage Main Business Overview
11.13.5 Eos Energy Storage Latest Developments
11.14 Aggreko
11.14.1 Aggreko Company Information
11.14.2 Aggreko Microgrid Energy Storage Product Offered
11.14.3 Aggreko Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 Aggreko Main Business Overview
11.14.5 Aggreko Latest Developments
11.15 BYD
11.15.1 BYD Company Information
11.15.2 BYD Microgrid Energy Storage Product Offered
11.15.3 BYD Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 BYD Main Business Overview
11.15.5 BYD Latest Developments
11.16 CALB
11.16.1 CALB Company Information
11.16.2 CALB Microgrid Energy Storage Product Offered
11.16.3 CALB Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 CALB Main Business Overview
11.16.5 CALB Latest Developments
11.17 Rongke Power
11.17.1 Rongke Power Company Information
11.17.2 Rongke Power Microgrid Energy Storage Product Offered
11.17.3 Rongke Power Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.17.4 Rongke Power Main Business Overview
11.17.5 Rongke Power Latest Developments
11.18 Narada
11.18.1 Narada Company Information
11.18.2 Narada Microgrid Energy Storage Product Offered
11.18.3 Narada Microgrid Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.18.4 Narada Main Business Overview
11.18.5 Narada Latest Developments
12 Research Findings and Conclusion

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