PUBLISHER: TechNavio | PRODUCT CODE: 1697299
PUBLISHER: TechNavio | PRODUCT CODE: 1697299
The off-grid energy storage system market is forecasted to grow by USD 6785.1 mn during 2024-2029, accelerating at a CAGR of 7.2% during the forecast period. The report on the off-grid energy storage system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by change in energy mix, increased need for backup power, and increasing economic benefits of ess.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 6.7% |
CAGR | 7.2% |
Incremental Value | $6785.1 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's off-grid energy storage system market is segmented as below:
By Battery Type
By Application
By Geographical Landscape
This study identifies the increased adoption of microgrids as one of the prime reasons driving the off-grid energy storage system market growth during the next few years. Also, rise in power consumption and decline in cost of esss will lead to sizable demand in the market.
The report on the off-grid energy storage system market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading off-grid energy storage system market vendors that include ABB Ltd., Aquion Energy, BYD Co. Ltd., EnerSys, Exide Technologies, Fronius International GmbH, GS Yuasa International Ltd., Hitachi Energy Ltd., LG Energy Solution Ltd., Mitsubishi Heavy Industries Ltd., NRG Energy Inc., Panasonic Holdings Corp., Primus Power Solutions, Saft Groupe SAS, Samsung SDI Co. Ltd., Schneider Electric SE, Sonnen GmbH, Sumitomo Electric Industries Ltd., Tata Power Co. Ltd., and Toshiba Corp.. Also, the off-grid energy storage system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
ByD Co. Ltd. - Overview
ByD Co. Ltd. - Business segments
ByD Co. Ltd. - Key news
ByD Co. Ltd. - Key offerings
ByD Co. Ltd. - Segment focus
Exhibits: