The global energy storage as a service market size is expected to reach around US$ 128.84 billion by 2030 from US$ 59.89 billion in 2021 and is expected to grow at an impressive double-digit rate of 8.9% from 2022 to 2030.
- The customer energy management services segment hit market share of 31% in 2021
- The utility segment is projected to witness at a CAGR of 11.3% from 2022 to 2030
- The utility segment to garner growth at a CAGR of around 11.3% over the forecast period
- North America region led the market with 31% revenue share in 2021
- Asia-Pacific is projected to witness at a CAGR of 12.7% from 2022 to 2030
The study includes drivers and restraints of this market. The study provides an analysis of the global energy storage as a service market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
Report Highlights:
- Based on the services, the customer energy management services segment dominated the global energy storage as a service market in 2021 with largest market share. The segment is being driven by the increased demand for energy sustainability, new energy solutions, energy resources, and improvements in building efficiency, which helps to cut costs and maximize efficiency.
- On the basis of end user, the utility segment holds the largest market share the global energy storage as a service market in 2021. During the projected period, demand for energy storage as a service will be fueled by rising renewable energy generation and a growing desire to improve efficiency.
- Asia-Pacific region is the fastest growing region in the energy storage as a service market. The battery energy storage system business is progressively becoming a hub in Asia-Pacific. Several nations in Asia-Pacific are projected to drive the energy storage as a service market during the forecast period due to rapid industrialization and the growing relevance of power generation through renewable energy sources.
- North America is the largest segment for energy storage as a service market in terms of region. Energy efficiency projects are being implemented by utilities in nations with the goal of lowering energy generation costs.
Our Free Sample Reports Includes:
- In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
- Impact Analysis 180+ Pages Research Report (Including latest research).
- Provide chapter-wise guidance on request 2022 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Precedence Research methodology.
Download Free Sample Copy Here (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/sample/1643
Future of Energy Storage as a Service Market
The growing investments in research and development are paving way for the growth of the global energy storage as a service market. The lack of electricity in underdeveloped regions is also creating lucrative opportunities for the market expansion during the forecast period. As a result, the global energy storage as a service market is growing at a rapid pace due to growing demand for energy. This will continue to grow in the near future.
COVID-19 Impact Analysis:
- The COVID-19 pandemic had a significant impact on the global energy storage as a service market.
- Thus, the COVID-19 epidemic had negative impact on the growth of the energy storage as a service market.
- The manufacturing units were halt for certain period of time, which has led to decline growth of the energy storage as a service market.
- Also, the energy storage as a service market saw a decline in the expansion due to decline in the energy industry.
- Nevertheless, the energy industry is expected to rebound because of the removal of the lockdown restrictions globally.
Key Developments in the Marketplace:
- Sonnen, a major operator in the sectors of smart energy storage systems and novel energy services for households was acquired by Royal Dutch Shell PLC in February 2019, increasing its product offerings of residential smart energy storage services.
- Renewable Energy Systems was given a four-year contract in the UK in September 2016 to offer frequency response services to the National Grid network using a 35-MW lithium-ion battery energy storage system.
- Engie Group and Google signed a deal in August 2021 to provide carbon free electricity in Germany. The arrangement will help Google meet its carbon free energy goals for its data centers, cloud regions, and offices throughout the world by 2030.
- Schneider Electric, a French multinational corporation that specializes in energy and digital automation solutions, announced a partnership with Huck Capital, an investment firm, in August 2020 to provide clean energy as a service to industrial and commercial building structures.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global energy storage as a service market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global energy storage as a service market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global energy storage as a service market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for energy storage as a service are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global energy storage as a service market include:
- Siemens Energy
- Honeywell International Inc.
- ENGIE Storage Services NA LLC
- Veolia
- NRStor Inc.
- YSG Solar
- Suntuity
- Hydrostor Inc.
- Customized Energy Solutions Inc.
- Johnson Controls
Market Segmentation:
By Services
- Bulk energy services
- Ancillary services
- Transmission infrastructure services
- Distribution infrastructure services
- Customer energy management services
- Others
By End User
- Utility
- Industrial, residential and commercial
By Component
- Energy Storage System
- Control and Monitoring System
- Service Contract
Regional Analysis:
The geographical analysis of the global energy storage as a service market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global energy storage as a service Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global energy storage as a service market in 2030?
- What is the expected CAGR for the energy storage as a service market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global energy storage as a service market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Energy Storage as a Service Market
5.1. COVID-19 Landscape: Energy Storage as a Service Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Energy Storage as a Service Market, By Services
8.1. Energy Storage as a Service Market, by Services Type, 2022-2030
8.1.1. Bulk energy services
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Ancillary services
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Transmission infrastructure services
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Distribution infrastructure services
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Customer energy management services
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Energy Storage as a Service Market, By End User
9.1. Energy Storage as a Service Market, by End User, 2022-2030
9.1.1. Utility
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Industrial, residential and commercial
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Energy Storage as a Service Market, By Component
10.1. Energy Storage as a Service Market, by Component, 2022-2030
10.1.1. Energy Storage System
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Control and Monitoring System
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Service Contract
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Energy Storage as a Service Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Services (2017-2030)
11.1.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.3. Market Revenue and Forecast, by Component (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Services (2017-2030)
11.1.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Component (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Services (2017-2030)
11.1.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Component (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Services (2017-2030)
11.2.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.3. Market Revenue and Forecast, by Component (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Services (2017-2030)
11.2.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Component (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Services (2017-2030)
11.2.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Component (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Services (2017-2030)
11.2.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Component (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Services (2017-2030)
11.2.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Component (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Services (2017-2030)
11.3.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.3. Market Revenue and Forecast, by Component (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Services (2017-2030)
11.3.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Component (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Services (2017-2030)
11.3.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Component (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Services (2017-2030)
11.3.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Component (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Services (2017-2030)
11.3.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Component (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Services (2017-2030)
11.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.3. Market Revenue and Forecast, by Component (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Services (2017-2030)
11.4.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Component (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Services (2017-2030)
11.4.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Component (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Services (2017-2030)
11.4.6.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Component (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Services (2017-2030)
11.4.7.2. Market Revenue and Forecast, by End User (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Component (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Services (2017-2030)
11.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.3. Market Revenue and Forecast, by Component (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Services (2017-2030)
11.5.4.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Component (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Services (2017-2030)
11.5.5.2. Market Revenue and Forecast, by End User (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Component (2017-2030)
Chapter 12. Company Profiles
12.1. Siemens Energy
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Honeywell International Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. ENGIE Storage Services NA LLC
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Veolia
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. NRStor Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. YSG Solar
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Suntuity
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Hydrostor Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Customized Energy Solutions Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Johnson Controls
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1643
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
0 Comments