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Rapid advances in Energy Storage Market for Microgrids 2017-2021

Press Release   •   Aug 11, 2017 08:49 EDT

About Energy Storage for Microgrids

A microgrid is a small group of power generation assets and energy storage equipment, generating power independently in order to meet local energy needs. A microgrid has the capability to island itself and is connected to the main grid at a single point. An energy storage system is a technology used to store the surplus power that can be supplied later when required. Energy storage systems play a diverse role in microgrids. When renewables are used in the microgrid they serve as a voltage source, smoothing the intermittent power flow. For utilities, it helps in peak hour shaving, volt ampere reactive (VAR) services, and black start.

Technavios analysts forecast the global energy storage market for microgrids to grow at a CAGR of 16.72% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global energy storage market for microgrids for 2017-2021. To calculate the market size, the report considers new installations, it includes energy storage systems (battery and fuel cells).

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavios report, Global Energy Storage Market for Microgrids 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

NEC Energy Solutions

NRG Energy

Saft

Samsung SDI

UniEnergy Technologies

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Other prominent vendors

A123 Systems

ABB

ACME

Adara Power

BYD

Daimler

E3/DC

East Penn Manufacturing Company

Enphase Energy

e-On Batteries

Exide Technologies

Fronius International

GESS

Greensmith Energy Management Systems

GS Yuasa International

HOPPECKE Batterien

IBC SOLAR

KOSTAL Solar Electric

KYOCERA Corporation

LG Chem

Nedap

Neovoltaic Energy Nantong

Panasonic

Primus Power

Princeton Power Systems

Redflow

redT

SENEC (Deutsche Energieversorgung)

Sinetech

SMA Solar Technology

sonnen

Sony Energy Devices Corporation

Tesla

The AES Corporation

Trojan Battery Company

VARTA

ViZn Energy Systems

Younicos

ZEN Energy

Market driver

Increasing government support

For a full, detailed list, view our report

Market challenge

High exit and standby costs

For a full, detailed list, view our report

Market trend

Rapid advances in technology

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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