Below are some of the key findings from this commercial and industrial energy storage market analysis report:
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global commercial and industrial energy storage industry overview
The increased need for back-up power is driving the global commercial and industrial energy storage market. Electricity interruption creates difficulties for the commercial and industrial sector, and hospitals and nursing facilities. This results in high demand for back-up power in the form of commercial and industrial energy storage which helps to store the surplus electricity that is generated from the power grid.
Also, the renewables integration with energy storage is positively impacting the market. The integration of renewables with energy storage helps to overcome the challenge of energy shortage because of uncertain weather conditions. Moreover, renewable integration with energy storage encourages the production of clean energy. This is leading several end-users to adopt and invest in the renewables market. Thus, the increased need for back-up power coupled with renewables integration with energy storage will drive the commercial and industrial energy storage market at a CAGR of close to 12% during the forecast period.
Top commercial and industrial energy storage companies covered in this report
The global commercial and industrial energy storage market is moderately fragmented. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this commercial and industrial energy storage market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.
The report offers a detailed analysis of several leading commercial and industrial energy storage companies, including:
- BYD
- EnerSys
- GENERAL ELECTRIC
- NGK INSULATORS
- Saft
- SENER Group
Commercial and industrial energy storage market segmentation based on technology
- Thermal energy storage
- Flywheel energy storage
- Others
The dominating technology of the global commercial and industrial energy storage market in 2017 was the thermal energy storage segment. Although the market share of this segment will decrease, it will continue to dominate the market throughout the next five years.
Commercial and industrial energy storage market segmentation based on region
- The Americas
- APAC
- EMEA
EMEA accounted for the largest commercial and industrial energy storage market share in 2017. This region will witness a decrease in its market share but will remain the market leader for the next five years.
Key highlights of the global commercial and industrial energy storage market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the commercial and industrial energy storage market during the next five years
- Precise estimation of the global commercial and industrial energy storage market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial and industrial energy storage industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of commercial and industrial energy storage companies
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch