Product Code: IRTNTR10451
About Off-Grid Power Generation Systems
Off-grid power generation systems are generally used when there are capital limitations or the physical landscape makes it tough to have a grid connection. Off-grid energy storage systems are used in localities that are far away from populated areas or cities and not connected to any electricity grid. In these regions, despite the presence of independent power supply providers, electricity is not available 24/7 to consumers. This creates a demand for energy storage systems that aid in storing electricity for future use during power outages.
Technavio's analysts forecast the global off-grid energy storage system market to grow at a CAGR of 6.657% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global off-grid energy storage system market for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for energy storage for off-grid systems for application by end-users in each region and their corresponding key countries.
The market is divided into the following segments based on geography:
Technavio's report, Global Off-Grid Energy Storage System Market 2016-2020, 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
- Aquion Energy
- Green Charge
- LG Chem
- NEC Energy Solutions
- NRG Energy
Other Prominent Vendors
- Amperex Technology
- Boston Power
- China Aviation Lithium Battery
- EnerSys
- GE Energy Storage
- Mitsubishi Heavy Industries
- Primus Power
- SAFT
- Sumitomo Electric Industries
- Toshiba
- Xtreme Power
Market driver
- Demand for energy storage as distributed generation
- For a full, detailed list, view our report
Market challenge
- Technological challenges related to batteries
- For a full, detailed list, view our report
Market trend
- Decline in cost of energy storage systems
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast by revenue
- Five forces analysis
PART 06: Market segmentation by battery technology
- Global off-grid energy storage system market by battery technology
- Li-ion battery technology
- LAB technology
- Sodium-based battery technology
PART 07: Market segmentation by geography
- Global off-grid energy storage system market by geography
- Off-grid energy storage system market in Americas
- Off-grid energy storage system market in EMEA
- Off-grid energy storage system market in APAC
PART 08: Market drivers
- Need for rural electrification
- Rise in power consumption
- Demand for energy storage as distributed generation
- Hike in renewable energy investments
- Growth in demand from telecom sector
PART 09: Impact of drivers
PART 10: Market challenges
- Reduction in subsidies
- Decline in diesel prices
- Technological challenges related to batteries
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Decline in cost of energy storage systems
- Increase in energy storage investments
- Emergence of new energy technologies
PART 13: Vendor landscape
- Competitive landscape
- Other prominent vendors
PART 14: Key vendor analysis
- Aquion Energy
- Green Charge
- LG Chem
- NEC Energy Solutions
- NRG Energy
PART 15: Appendix
PART 16: Explore Technavio
List of Exhibits
- Exhibit 01: Product offerings
- Exhibit 02: Off-grid power system
- Exhibit 03: Segmentation of global off-grid energy storage system market
- Exhibit 04: Global off-grid energy storage system market 2015-2020 ($ billions)
- Exhibit 05: Five forces analysis
- Exhibit 06: Global off-grid energy storage system market by battery technology 2015 and 2020
- Exhibit 07: Global off-grid energy storage system market by battery technology 2015-2020 ($ billions)
- Exhibit 08: Global off-grid energy storage system market by Li-ion battery technology 2015-2020 ($ billions)
- Exhibit 09: Global off-grid energy storage system market by LAB technology 2015-2020 ($ billions)
- Exhibit 10: Global off-grid energy storage system market by sodium-based battery technology 2015-2020 ($ billions)
- Exhibit 11: Global off-grid energy storage system market by geography for 2015 and 2020
- Exhibit 12: Global off-grid energy storage system market by geography 2015-2020 ($ billions)
- Exhibit 13: Off-grid energy storage system market in Americas 2015-2020 ($ billions)
- Exhibit 14: Off-grid energy storage system market in EMEA 2015-2020 ($ billions)
- Exhibit 15: Off-grid energy storage system market in APAC 2015-2020 ($ billions)
- Exhibit 16: Global electrification rate
- Exhibit 17: Developing countries with progress in access to electricity 1990-2020
- Exhibit 18: DER application and benefits
- Exhibit 19: Most commonly used DER
- Exhibit 20: LCOE of renewable energy sources 2013-2014 ($/MWh)
- Exhibit 21: Renewable energy investment in the US, China, and worldwide 2011-2015 ($ billions)
- Exhibit 22: Mobile cellular subscriptions per 100 people 2010-2014
- Exhibit 23: Estimated global telecom tower installations
- Exhibit 24: Impact of drivers
- Exhibit 25: Global pump price for diesel fuel 2004-2014 ($ per liter)
- Exhibit 26: Li-ion battery challenges
- Exhibit 27: Impact of drivers and challenges
- Exhibit 28: Typical PV penetration by system type
- Exhibit 29: Aquion Energy: Product segmentation
- Exhibit 30: Green Charge: Products and services
- Exhibit 31: LG Chem: Business segmentation by revenue 2014
- Exhibit 32: LG Chem: Business segmentation by revenue 2013 and 2014 ($ billions)
- Exhibit 33: LG Chem: Geographical segmentation by revenue 2014
- Exhibit 34: Energy storage products and services
- Exhibit 35: Energy grid solutions
- Exhibit 36: NRG Energy: Business segmentation by revenue 2014
- Exhibit 37: NRG Energy: Business segmentation by revenue 2013 and 2014 ($ billions)
