Off-Grid Energy Storage System Market to grow by USD 6.22 Bn, Market Segmentation by Battery Type and Geography - Technavio

NEW YORK, Oct. 26, 2022 /PRNewswire/ -- The off-grid energy storage system market is expected to grow by USD 6.22 billion at a CAGR of 7% during the forecast period of 2021-2026. North America will account for 42% of the market growth with a Y-O-Y growth rate of 6.8%. The off-grid energy storage system market provides a detailed analysis of the market overview, market drivers, opportunities, and potential applications. Request Free Sample Report.

The global off-grid ESS market is moderately fragmented due to the presence of many global and regional players. The market comprises category-focused, industry-focused, and diversified vendors. The global off-grid ESS market is expected to grow rapidly during the forecast period due to the rising adoption of renewables for power generation. Hence, the competition among vendors is expected to intensify during the forecast.

The report analyzes the market's competitive landscape and offers information on several market vendors, including Amperex Technology Ltd., Aquion Energy, Boston Power, CALB Co. Ltd., CEA, EnerSys, Fronius International GmbH, General Electric Co, LG Energy Solution Ltd., Mitsubishi Heavy Industries Ltd., NEC Corp., NRG Energy Inc., Primus Power Solutions, Saft Groupe SAS, Samsung SDI Co. Ltd., Toshiba Corp., Xtreme Power Inc., and ZEN Energy Retail Pty Ltd.

• Aquion Energy: The company offers off-grid energy storage systems such as new-generation lithium-ion, lithium-sulfur, and saltwater batteries.
• Boston Power: The company offers off-grid energy storage systems for solar panels and charging batteries.
• EnerSys: The company offers off-grid energy storage systems such as supersafe SBS XC, OPZV batteries, and OPZS batteries.
• LG Energy Solution Ltd.: The company offers off-grid energy storage systems for power grids, UPS, and commercial and residential uses.
• Mitsubishi Heavy Industries Ltd.: The company offers off-grid energy storage systems such as rechargeable batteries and flywheels.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

• By Battery type
• Li-ion 
• Li-ion batteries have lower self-discharge rates than the majority of other battery chemistries, including lead-acid batteries (LAB), nickel-cadmium batteries (Ni-Cd), and nickel-metal hydride batteries (NiMH). Li-ion batteries are widely preferred because of these characteristics. During the forecast period, these elements are expected to drive the growth of the market in the Li-ion batteries segment
• LAB
• Sodium-based batteries
• Others

• By Geography
• North America
• North America will contribute 42% of the market's growth over the forecast period. The off-grid energy storage system market in North America is mostly centered in the US. Over the forecast period, the rise in ESS investments will support the market expansion for off-grid energy storage systems in North America.
• APAC
• Europe
• South America
• Middle East and Africa

To know additional highlights and key points on various market segments and their impact in coming years, Get Free Sample Report.

• What was the size of the global off-grid energy storage system industry by value?
• What will be the size of the global off-grid energy storage system industry in 2026?
• What factors are affecting the strength of competition in the global off-grid energy storage system industry?
• How has the industry performed over the last five years?
• What main segments make up the global off-grid energy storage system market?

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Off-grid energy storage system market research report presents critical information and factual data about the off-grid energy storage system industry, with an overall statistical study of this market based on market drivers, market limitations, and its future prospects.

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1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Battery Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Battery Type

• 5.1 Market segments
• Exhibit 24: Chart on Battery Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Battery Type - Market share 2021-2026 (%)

• 5.2 Comparison by Battery Type 
• Exhibit 26: Chart on Comparison by Battery Type
• Exhibit 27: Data Table on Comparison by Battery Type

• 5.3 Li-ion - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Li-ion - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Li-ion - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Li-ion - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Li-ion - Year-over-year growth 2021-2026 (%)

• 5.4 LAB - Market size and forecast 2021-2026 
• Exhibit 32: Chart on LAB - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on LAB - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on LAB - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on LAB - Year-over-year growth 2021-2026 (%)

• 5.5 Sodium based batteries - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Sodium based batteries - Market size and forecast 2021-2026 ($ billion)
• Exhibit 37: Data Table on Sodium based batteries - Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Chart on Sodium based batteries - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Sodium based batteries - Year-over-year growth 2021-2026 (%)

• 5.6 Others - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Battery Type 
• Exhibit 44: Market opportunity by Battery Type ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 46: Chart on Market share by geography 2021-2026 (%)
• Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 48: Chart on Geographic comparison
• Exhibit 49: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026 
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 France - Market size and forecast 2021-2026 
• Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.12 India - Market size and forecast 2021-2026 
• Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 Amperex Technology Ltd. 
• Exhibit 97: Amperex Technology Ltd. - Overview
• Exhibit 98: Amperex Technology Ltd. - Product / Service
• Exhibit 99: Amperex Technology Ltd. - Key offerings

• 10.4 Aquion Energy
• Exhibit 100: Aquion Energy - Overview
• Exhibit 101: Aquion Energy - Product / Service
• Exhibit 102: Aquion Energy - Key offerings

• 10.5 Boston Power
• Exhibit 103: Boston Power - Overview
• Exhibit 104: Boston Power - Product / Service
• Exhibit 105: Boston Power - Key offerings

• 10.6 CALB Co. Ltd.
• Exhibit 106: CALB Co. Ltd. - Overview
• Exhibit 107: CALB Co. Ltd. - Product / Service
• Exhibit 108: CALB Co. Ltd. - Key offerings

• 10.7 EnerSys
• Exhibit 109: EnerSys - Overview
• Exhibit 110: EnerSys - Business segments
• Exhibit 111: EnerSys - Key news
• Exhibit 112: EnerSys - Key offerings
• Exhibit 113: EnerSys - Segment focus

• 10.8 General Electric Co
• Exhibit 114: General Electric Co - Overview
• Exhibit 115: General Electric Co - Business segments
• Exhibit 116: General Electric Co - Key news
• Exhibit 117: General Electric Co - Key offerings
• Exhibit 118: General Electric Co - Segment focus

• 10.9 LG Energy Solution Ltd. 
• Exhibit 119: LG Energy Solution Ltd. - Overview
• Exhibit 120: LG Energy Solution Ltd. - Product / Service
• Exhibit 121: LG Energy Solution Ltd. - Key offerings

• 10.10 Mitsubishi Heavy Industries Ltd. 
• Exhibit 122: Mitsubishi Heavy Industries Ltd. - Overview
• Exhibit 123: Mitsubishi Heavy Industries Ltd. - Business segments
• Exhibit 124: Mitsubishi Heavy Industries Ltd. - Key news
• Exhibit 125: Mitsubishi Heavy Industries Ltd. - Key offerings
• Exhibit 126: Mitsubishi Heavy Industries Ltd. - Segment focus

• 10.11 NEC Corp.
• Exhibit 127: NEC Corp. - Overview
• Exhibit 128: NEC Corp. - Business segments
• Exhibit 129: NEC Corp. - Key news
• Exhibit 130: NEC Corp. - Key offerings
• Exhibit 131: NEC Corp. - Segment focus

• 10.12 NRG Energy Inc.
• Exhibit 132: NRG Energy Inc. - Overview
• Exhibit 133: NRG Energy Inc. - Business segments
• Exhibit 134: NRG Energy Inc. - Key offerings
• Exhibit 135: NRG Energy Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 136: Inclusions checklist
• Exhibit 137: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 138: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 139: Research methodology
• Exhibit 140: Validation techniques employed for market sizing
• Exhibit 141: Information sources

• 11.5 List of abbreviations 
• Exhibit 142: List of abbreviations

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