Energy Storage Market for Microgrids by Application, Battery Type, and Geography - Forecast and Analysis - 2023-2027

Published: Dec 2022

Pages: 182

SKU: IRTNTR74839

Snapshot

The energy storage market for microgrids is estimated to grow at a CAGR of 18.9% between 2022 and 2027. The size of the market is forecast to increase by USD 1,361.05 million. The growth of the market depends on several factors, including increasing government support and microgrid energy storage installation projects, advancements in technology, and the market attracting new vendors.

This report extensively covers market segmentation by application (remote, community and utility, institution and campus, and military), battery type (lithium-ion batteries and lead-acid batteries), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Energy Storage Market For Microgrids During the Forecast Period?

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Parent Market Analysis

The reports categorize the global energy storage market for microgrids as a part of the global renewable electricity market within the global independent power and renewable electricity market. The parent global renewable electricity market covers companies engaged in the generation and distribution of electricity using renewable sources. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Energy Storage Market For Microgrids: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing government support and microgrid energy storage installation projects are notably driving the market growth, although factors such as high implementation costs may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Energy Storage Market For Microgrids Driver

The increasing government support and microgrid energy storage installation projects are notably driving market growth. Recognition of the resilience of microgrids during natural disasters has led to the introduction of policies and government support that promote and encourage the development of microgrids. Government initiatives to use clean energy and minimize greenhouse gas (GHG) emissions and further investments in microgrid projects by various countries and companies will help the microgrid energy storage market grow rapidly during the forecast period.

With the support of governments around the world, microgrids are rapidly being adopted, leading to a steady increase in microgrid capacity. Combining renewable energy sources to produce cleaner electricity can be seen in microgrid solutions. The adoption of renewable energy in microgrids has also inspired the installation of energy storage systems to increase the penetration and profitability of renewable energy generation, which helps microgrids operate using only carbon-free natural resources.

Significant Energy Storage Market For Microgrids Trend

Advancements in technology are the key trend in the market. Continuous technological development has improved the quality of power generation, which has helped vendors launch new microgrids that are more efficient and have better integration capabilities. The US DOE has a designated research and development program focused on developing the next generation of microgrids. The research and development program aims to make microgrids an essential building block of the future electricity distribution system by 2035 to support sustainability, carbon reduction and affordability.

In the US, the Microgrid Strategy development process began with microgrid experts considering areas where the strategy should focus to achieve impressive results in key metrics such as reliability, sustainability, carbon emissions and affordability over the next 5-10 years. It is expected to lead to new technologies that allow microgrids to operate in parallel with the electrical distribution network and move seamlessly into an autonomous power system state with control devices, protection and operational algorithms. The market will experience a radical change when microgrids are installed where the central grid cannot meet the electricity demand.

Major Energy Storage Market For Microgrids Challenge

High implementation costs are the major challenge impeding market growth. Microgrids have higher deployment costs than traditional centralized power grids, often 25-30% higher than the latter. Microgrid infrastructure costs include everything from implementing a communications system to installing and maintaining smart meters. Installing smart meters costs 50% more than installing a regular electricity meter. Microgrid distributed energy resources (DER) are also more expensive than conventional centralized power plants.

Building a new microgrid or converting an existing system to a hybrid microgrid can cost tens of thousands of dollars or hundreds of millions of dollars. When it comes to production resources such as solar panels, batteries, and/or CHP systems, microgrids are the most expensive.

In addition, significant capital is required for grid automation and microgrid control systems that can intelligently monitor and manage all components and control how the microgrid consumes and produces energy. Thus, these shortcomings hinder the growth of the microgrid market and in turn the growth of global microgrid energy storage.

Key Energy Storage Market For Microgrids Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Energy Storage Market for Microgrids Customer Landscape

Who are the Major Energy Storage Market for Microgrids Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Sumitomo Electric Industries Ltd. - The company offers energy storage for microgrids such as Redox Flow Battery as its key offering under the environment and energy segment. Under this segment, the company offers solutions for electric conductors, power transmission wires, magnet wires, air cushions for railroad vehicles, power system equipment such as control systems, charged beam equipment and processing, power supply work and engineering, and porous metals.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Energy Storage Market For Microgrids?

The market share growth of the remote segment will be significant during the forecast period. Remote systems in order to operate efficiently, need a specified amount of electricity that can be generated through microgrids. The increased use of remote microgrids lowers the total cost of electricity generation as power is generated on-site. The transmission and distribution losses gradually decline, thus having a positive impact on fossil fuel consumption and ensuring prolonged equipment lifetime.

Remote microgrids are majorly used in villages where grid-connected power is not accessible or is available only for a limited extent of time. The average size of the microgrid used in villages is 10 kW of capacity. India, Indonesia, and Bangladesh are viewed as the most prospective markets for remote microgrids in villages.

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The remote segment was valued at USD 156.52 million in 2017 and continued to grow until 2021. The growing demand for electrical power is the main reason for the increased deployment of remote microgrid systems. We expect the majority of the growing demand for power from remote villages to be met by microgrid remote systems as the demand for electricity is growing significantly faster than the expansion rate of conventional electricity grids.

Which are the Key Regions for the Energy Storage Market For Microgrids?

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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America held the largest share of the global energy storage market for microgrids in 2022. Countries such as Canada, Mexico, and the US are the major contributors to the revenue of the market for in North America. This is attributed to the shift in focus toward renewable energy generation and the need for a reliable grid system. Increased initiatives taken by the US government for the implementation of energy-efficient power solutions are driving market growth in the region.

In 2020, the outbreak of COVID-19 negatively affected the market in focus in North America. However, the resumption of operations across commercial and industrial end-user facilities will spur demand for microgrid energy storage to reduce the overall expenses on energy. In addition, a rise in demand for energy storage systems is expected to propel the adoption of microgrids in the commercial and industrial sectors, thereby propelling the growth of the market for in North America during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Application (Remote, Community and utility, Institution and campus, and Military), Battery Type (Lithium-ion batteries and Lead-acid batteries), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).

Application Outlook (USD Million, 2017 - 2027)
- Remote
- Community and utility
- Institution and campus
- Military

Battery Type Outlook (USD Million, 2017 - 2027)
- Lithium-ion batteries
- Lead-acid batteries

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Energy Storage Market For Microgrids Scope
Report Coverage	Details
Page number	182
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 18.9%
Market growth 2023-2027	USD 1,361.05 million
Market structure	Fragmented
YoY growth 2022-2023(%)	18.5
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 37%
Key countries	US, China, Japan, Germany, and France
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ABB Ltd., AEG Power Solutions BV, Aquion Energy, AT & T Inc., Beacon Power Systems, David MacBrayne Ltd., EnerSys, General Electric Co., GS Yuasa Corp., Hitachi Ltd., LG Corp., Mitsubishi Heavy Industries Ltd., Morimura Bros Inc., Panasonic Holdings Corp., S and C Electric Co., Samsung Electronics Co. Ltd., Shell plc, Sumitomo Electric Industries Ltd., Toshiba Corp., and TotalEnergies SE
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Energy Storage Market For Microgrids Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the energy storage market for microgrids between 2023 and 2027
Precise estimation of the size of the energy storage market size for microgrids and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the industry across North America, APAC, Europe, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of the energy storage market for microgrids vendors

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Table of Contents

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 Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Battery Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global energy storage market for microgrids 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global energy storage market for microgrids 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Battery Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Battery Type Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Remote - Market size and forecast 2022-2027
- Exhibit 34: Chart on Remote - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Remote - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Remote - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Remote - Year-over-year growth 2022-2027 (%)

6.4 Community and utility - Market size and forecast 2022-2027
- Exhibit 38: Chart on Community and utility - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Community and utility - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Community and utility - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Community and utility - Year-over-year growth 2022-2027 (%)

6.5 Institution and campus - Market size and forecast 2022-2027
- Exhibit 42: Chart on Institution and campus - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Institution and campus - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Institution and campus - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Institution and campus - Year-over-year growth 2022-2027 (%)

6.6 Military - Market size and forecast 2022-2027
- Exhibit 46: Chart on Military - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Military - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Military - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Military - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Application
- Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Battery Type

7.1 Market segments
- Exhibit 51: Chart on Battery Type - Market share 2022-2027 (%)
- Exhibit 52: Data Table on Battery Type - Market share 2022-2027 (%)

7.2 Comparison by Battery Type
- Exhibit 53: Chart on Comparison by Battery Type
- Exhibit 54: Data Table on Comparison by Battery Type

7.3 Lithium-ion batteries - Market size and forecast 2022-2027
- Exhibit 55: Chart on Lithium-ion batteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Lithium-ion batteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)

7.4 Lead-acid batteries - Market size and forecast 2022-2027
- Exhibit 59: Chart on Lead-acid batteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Lead-acid batteries - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Lead-acid batteries - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Lead-acid batteries - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Battery Type
- Exhibit 63: Market opportunity by Battery Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027
- Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 France - Market size and forecast 2022-2027
- Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027
- Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 110: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 112: Overview on factors of disruption

11.4 Industry risks
- Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 114: Vendors covered

12.2 Market positioning of vendors
- Exhibit 115: Matrix on vendor position and classification

12.3 ABB Ltd.
- Exhibit 116: ABB Ltd. - Overview
- Exhibit 117: ABB Ltd. - Business segments
- Exhibit 118: ABB Ltd. - Key offerings
- Exhibit 119: ABB Ltd. - Segment focus

12.4 Aquion Energy
- Exhibit 120: Aquion Energy - Overview
- Exhibit 121: Aquion Energy - Product / Service
- Exhibit 122: Aquion Energy - Key offerings

12.5 AT and T Inc.
- Exhibit 123: AT and T Inc. - Overview
- Exhibit 124: AT and T Inc. - Business segments
- Exhibit 125: AT and T Inc. - Key news
- Exhibit 126: AT and T Inc. - Key offerings
- Exhibit 127: AT and T Inc. - Segment focus

12.6 David MacBrayne Ltd.
- Exhibit 128: David MacBrayne Ltd. - Overview
- Exhibit 129: David MacBrayne Ltd. - Business segments
- Exhibit 130: David MacBrayne Ltd. - Key offerings
- Exhibit 131: David MacBrayne Ltd. - Segment focus

12.7 General Electric Co.
- Exhibit 132: General Electric Co. - Overview
- Exhibit 133: General Electric Co. - Business segments
- Exhibit 134: General Electric Co. - Key news
- Exhibit 135: General Electric Co. - Key offerings
- Exhibit 136: General Electric Co. - Segment focus

12.8 LG Corp.
- Exhibit 137: LG Corp. - Overview
- Exhibit 138: LG Corp. - Business segments
- Exhibit 139: LG Corp. - Key offerings
- Exhibit 140: LG Corp. - Segment focus

12.9 Mitsubishi Heavy Industries Ltd.
- Exhibit 141: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 142: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 143: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 144: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 145: Mitsubishi Heavy Industries Ltd. - Segment focus

12.10 Morimura Bros Inc.
- Exhibit 146: Morimura Bros Inc. - Overview
- Exhibit 147: Morimura Bros Inc. - Product / Service
- Exhibit 148: Morimura Bros Inc. - Key offerings

12.11 Panasonic Holdings Corp.
- Exhibit 149: Panasonic Holdings Corp. - Overview
- Exhibit 150: Panasonic Holdings Corp. - Business segments
- Exhibit 151: Panasonic Holdings Corp. - Key news
- Exhibit 152: Panasonic Holdings Corp. - Key offerings
- Exhibit 153: Panasonic Holdings Corp. - Segment focus

12.12 S and C Electric Co.
- Exhibit 154: S and C Electric Co. - Overview
- Exhibit 155: S and C Electric Co. - Product / Service
- Exhibit 156: S and C Electric Co. - Key offerings

12.13 Samsung Electronics Co. Ltd.
- Exhibit 157: Samsung Electronics Co. Ltd. - Overview
- Exhibit 158: Samsung Electronics Co. Ltd. - Business segments
- Exhibit 159: Samsung Electronics Co. Ltd. - Key news
- Exhibit 160: Samsung Electronics Co. Ltd. - Key offerings
- Exhibit 161: Samsung Electronics Co. Ltd. - Segment focus

12.14 Shell plc
- Exhibit 162: Shell plc - Overview
- Exhibit 163: Shell plc - Business segments
- Exhibit 164: Shell plc - Key news
- Exhibit 165: Shell plc - Key offerings
- Exhibit 166: Shell plc - Segment focus

12.15 Sumitomo Electric Industries Ltd.
- Exhibit 167: Sumitomo Electric Industries Ltd. - Overview
- Exhibit 168: Sumitomo Electric Industries Ltd. - Business segments
- Exhibit 169: Sumitomo Electric Industries Ltd. - Key news
- Exhibit 170: Sumitomo Electric Industries Ltd. - Key offerings
- Exhibit 171: Sumitomo Electric Industries Ltd. - Segment focus

12.16 Toshiba Corp.
- Exhibit 172: Toshiba Corp. - Overview
- Exhibit 173: Toshiba Corp. - Business segments
- Exhibit 174: Toshiba Corp. - Key offerings
- Exhibit 175: Toshiba Corp. - Segment focus

12.17 TotalEnergies SE
- Exhibit 176: TotalEnergies SE - Overview
- Exhibit 177: TotalEnergies SE - Business segments
- Exhibit 178: TotalEnergies SE - Key news
- Exhibit 179: TotalEnergies SE - Key offerings
- Exhibit 180: TotalEnergies SE - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 181: Inclusions checklist
- Exhibit 182: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 183: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 184: Research methodology
- Exhibit 185: Validation techniques employed for market sizing
- Exhibit 186: Information sources

13.5 List of abbreviations
- Exhibit 187: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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