Energy Storage as a Service Market, By Service Type, By End User, By Application (Grid Services and Renewable Energy Integration ), By Geography

Description

Global energy storage as a service market is estimated to be valued at USD 1.81 Bn in 2024 and is expected to reach USD 3.71 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.81 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	10.80%	2031 Value Projection:	US$ 3.71 Bn

Figure. Energy Storage as a Service Market Share (%), By Region, 2024

Energy Storage as a Service Market - IMG1

Global energy storage as a service market growth is driven by rising adoption of renewable energy across both residential and commercial sectors. Energy storage allows consumers to store electricity generated from renewable sources such as solar power and wind for usage during periods of high demand. This helps in improving energy efficiency and reducing dependency on fossil fuel-based power generation. Moreover, service providers in this market offer energy storage solutions on a subscription or pay-per-use basis, eliminating upfront capital costs for customers. Growing awareness about the economic and environmental benefits of energy storage can boost demand for energy storage as a service.

Market Dynamics:

Global energy storage as a service market growth is driven by factors like declining cost of battery storage systems, supportive government policies and regulations promoting clean energy, and growing focus of utilities on integrating renewable energy using storage solutions. However, high initial investment requirement for energy storage projects can hamper the market growth. Rising demand for reliable and economical ancillary services from grid operators and energy consumers can offer significant opportunities for players in this industry. Innovation in battery technologies to increase storage capacity and reduce costs can drive the market growth.

Key features of the study:

This report provides in-depth analysis of the global energy storage as a service market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
Key companies covered as a part of this study include Fluence Energy Storage Company, Ambri Energy Storage Company, Stem, Inc., Swell Energy, Sunrun, Sonnen, Generac Power Systems, Engie Storage, Eos Energy Storage, Powin Energy, NantEnergy, Nidec ASI, Nuvve, Pivot Power, Quidnet Energy, Redflow, Renault, and Siemens Gamesa Renewable Energy
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global energy storage as a service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global energy storage as a service market

Detailed Segmentation-

By Service Type Insights (Revenue, USD Bn, 2019 - 2031)
- Energy Storage Management
- Consulting Services
- Maintenance and Support
By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Utilities
- Commercial and Industrial
- Residential
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Grid Services
- Peak Shaving
- Frequency Regulation
- Renewable Energy Integration
- Solar
- Wind
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Fluence Energy Storage Company
- Ambri Energy Storage Company
- Stem, Inc.
- Swell Energy
- Sunrun
- Sonnen
- Generac Power Systems
- Engie Storage
- Eos Energy Storage
- Powin Energy
- NantEnergy
- Nidec ASI
- Nuvve
- Pivot Power
- Quidnet Energy
- Redflow
- Renault
- Siemens Gamesa Renewable Energy

Product Code: CMI7312

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Energy Storage as a Service Market, By Service Type
- Global Energy Storage as a Service Market, By End User
- Global Energy Storage as a Service Market, By Application
- Global Energy Storage as a Service Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Energy Storage as a Service Market, By Service Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Energy Storage Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Consulting Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Maintenance and Support
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Energy Storage as a Service Market, By End User, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Utilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Commercial and Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Energy Storage as a Service Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Grid Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Peak Shaving
- Frequency Regulation
Renewable Energy Integration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Solar
- Wind

7. Global Energy Storage as a Service Market, By Region, 2019 - 2031, (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Service Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Service Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Service Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Service Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Service Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Service Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Fluence Energy Storage Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Ambri Energy Storage Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Stem, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Swell Energy
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sunrun
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sonnen
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Generac Power Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Engie Storage
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Eos Energy Storage
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Powin Energy
NantEnergy
Nidec ASI
Nuvve
Pivot Power
Quidnet Energy
Redflow
Renault
Siemens Gamesa Renewable Energy

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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