This report studies the Off-grid Energy Storage Systems market. Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is sometimes called an accumulator or battery.
For the major players of Off-grid Energy Storage Systems, EnerSys maintained its first place, followed by Samsung SDI, LG, Sonnen and Fronius. Top 5 players accounted for 47% of the Global Off-grid Energy Storage Systems revenue market share.
In this study, the sales market for Off-grid Energy Storage Systems was divided into five geographic regions. Asia-Pacific occupied the largest sales market share with 42%. It is followed by Europe and North America, while other regions have smaller market.
In the applications, Family Backup Power segment was estimated to account for the highest market share of 37% in terms of volume.
Market Analysis and Insights: Global Off-grid Energy Storage Systems Market
In 2020, the global Off-grid Energy Storage Systems market size was US$ 452.3 million and it is expected to reach US$ 988.4 million by the end of 2027, with a CAGR of 11.1% during 2021-2027.
Global Off-grid Energy Storage Systems Scope and Market Size
Off-grid Energy Storage Systems market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Off-grid Energy Storage Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Segment by Type, the Off-grid Energy Storage Systems market is segmented into
Lithium-ion Battery
Lead-acid Battery
Others
Segment by Application, the Off-grid Energy Storage Systems market is segmented into
Family Backup Power
Industrial UPS
Unattended Equipment
Others
Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Off-grid Energy Storage Systems market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Off-grid Energy Storage Systems product introduction, recent developments, Off-grid Energy Storage Systems sales by region, type, application and by sales channel.
The major companies include:
EnerSys
Samsung SDI
LG
Sonnen
Fronius
Toshiba
Mitsubishi Heavy Industries
Sumitomo Electric Industries
Enphase
SAFT
NEC Energy Solutions
BYD
Tianneng Battery
CALB
For the major players of Off-grid Energy Storage Systems, EnerSys maintained its first place, followed by Samsung SDI, LG, Sonnen and Fronius. Top 5 players accounted for 47% of the Global Off-grid Energy Storage Systems revenue market share.
In this study, the sales market for Off-grid Energy Storage Systems was divided into five geographic regions. Asia-Pacific occupied the largest sales market share with 42%. It is followed by Europe and North America, while other regions have smaller market.
On the basis of product
type, Lithium-ion Battery segment is projected to account for the largest sales volume market share during the forecast period; this segment was estimated to account for 87% share in terms of volume.In the applications, Family Backup Power segment was estimated to account for the highest market share of 37% in terms of volume.
Market Analysis and Insights: Global Off-grid Energy Storage Systems Market
In 2020, the global Off-grid Energy Storage Systems market size was US$ 452.3 million and it is expected to reach US$ 988.4 million by the end of 2027, with a CAGR of 11.1% during 2021-2027.
Global Off-grid Energy Storage Systems Scope and Market Size
Off-grid Energy Storage Systems market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Off-grid Energy Storage Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Segment by Type, the Off-grid Energy Storage Systems market is segmented into
Lithium-ion Battery
Lead-acid Battery
Others
Segment by Application, the Off-grid Energy Storage Systems market is segmented into
Family Backup Power
Industrial UPS
Unattended Equipment
Others
Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Competitive Landscape
and Off-grid Energy Storage Systems Market Share AnalysisOff-grid Energy Storage Systems market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Off-grid Energy Storage Systems product introduction, recent developments, Off-grid Energy Storage Systems sales by region, type, application and by sales channel.
The major companies include:
EnerSys
Samsung SDI
LG
Sonnen
Fronius
Toshiba
Mitsubishi Heavy Industries
Sumitomo Electric Industries
Enphase
SAFT
NEC Energy Solutions
BYD
Tianneng Battery
CALB
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.