Distributed Energy Storage System Market Growth, Size, Trends, Share, Revenue and Future Scope
Distributed Energy Storage System Market Size- By Capacity Type, By Battery, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: POAE2374 | Pages: 1 - 216 | Formats*: |
| Category : Power & Energy | |||
Distributed Energy Storage System Market Introduction and Overview
According to SPER Market Research, the Global Distributed Energy Storage System Market is estimated to reach USD 13.67 billion by 2033 with a CAGR of 9.89%.
The report includes an in-depth analysis of the Global Distributed Energy Storage System market, including market size and trends, product mix, distribution channels, and supplier analysis. The utilization of power storage devices close to end users that can react fast and supply energy as required is known as distributed energy storage, or DES. Systems for distributed energy storage are placed close to the final consumers, like in homes or businesses. Although this technology has been around for a while, advancements in technology have helped to make this kind of energy storage meet the necessary standards and regulations. The bi-directional inverter and the DC-charged batteries are the two essential parts of the system. The energy distribution of a smart grid is ideally suited for this energy storage system.
- ABB and US technology firm Humless worked together to develop a solar-managed home energy storage system (ESS). The 48 V Universal Energy Management (UEM) system from Humless and the UNO-DM-TL-PLUS range of household inverters from ABB are combined to create the Universal 10/4 household Storage System.
- Schneider Electric introduced EcoStruxure DERMS in November 2019. It offers centralized management and analysis of all DER kinds, irrespective of their ownership structure, to benefit the grid and all parties involved in the energy industry.
Market Opportunities and Challenges
Opportunities: A micro grid is a system of distributed energy sources and associated loads that function as a single, controlled entity with respect to the grid. It can operate in grid-connected mode or island mode depending on its ability to connect to and disconnect from the grid. Because microgrids can improve consumer dependability and resilience to grid failures, their adoption has risen. With the use of advanced microgrids, local power generating resources including storage, renewable energy sources, and conventional generators can keep the local grid running even in the event that the main system is interfered with.
Increasing Green Energy Investments.
The most advantageous forms of energy for the environment are those sourced from renewable resources like solar and wind power. Green energy does not hurt the environment, which is why investments in it have been skyrocketing.
Challenges: The market for distributed energy storage systems is growing, but one of the primary challenges with lithium-ion batteries is thermal runaway. The main causes of thermal runaway include internal cell defects, mechanical malfunctions or damage, and excessive voltage. High temperatures, gas buildup, and possibly catastrophic battery cell rupture that results in fire or explosion are the outcomes of thermal runaway. If thermal runaway is not broken, it can cause more damage by spreading from one cell to the next. It is therefore expected that this aspect will restrain market expansion in the upcoming years.
Market Competitive Landscape
Global Distributed Energy Storage System market is extremely consolidated. some major companies in the Distributed Energy Storage System market are ABB Ltd, Advanced Control Systems, LLC, Hitachi, Ltd, Johnson Controls International Plc, LG Energy Solution Ltd, NEC Corporation, The General Electric Company, Jabil Inc, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Capacity Type, By Battery, By Application, By End User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | ABB Ltd, Advanced Control Systems, LLC, Hitachi, Ltd, Johnson Controls International Plc, LG Energy Solution Ltd, NEC Corporation, The General Electric Company, Jabil Inc, Others. |
COVID-19 Impact on Global Distributed Energy Storage System Market
The global power industry has been affected by the ongoing COVID-19 outbreak. Due to the current situation, numerous gadget manufacturing companies throughout the world have been forced to close their operations and facilities, with some even going so far as to implement complete lockdowns in order to combat the pandemic. The COVID-19 pandemic has resulted in a large decrease in the demand for power, despite a rise in the use of electricity in residential buildings. To lessen the harm posed by the coronavirus, governments everywhere were forced to curtail commercial activity. In the near run, distributed energy resource management system solutions have been adversely affected by the decrease in company operations.
Key Target Audience:
- Energy Utilities
- Renewable Energy Developers
- Industrial and Commercial Businesses
- Residential Consumers
- Government and Regulatory Bodies
- Energy Storage Manufacturers
- Investors and Financial Institutions
- Research and Development Organizations
- Grid Operators and System Operators
Our in-depth analysis of the Distributed Energy Storage System Market includes the following segments:
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| By Battery: |
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| By Application: |
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| By End User: |
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Key Topics Covered in the Report:
- Global Distributed Energy Storage System Market Size (FY’2023-FY’2033)
- Overview of Global Distributed Energy Storage System Market
- Segmentation of Global Distributed Energy Storage System Market By Capacity Type (Single-phase Type, Three-Phase Type, Double-phase Fire Line Type)
- Segmentation of Global Distributed Energy Storage System Market By Battery (Nickel-Cadmium, Lead Acid, Lithium-Ion, Others)
- Segmentation of Global Distributed Energy Storage System Market By Application (Transportation, Grid Storage, Renewable Energy Storage, Others)
- Segmentation of Global Distributed Energy Storage System Market By End User (Commercial, Residential)
- Statistical Snap of Global Distributed Energy Storage System Market
- Expansion Analysis of Global Distributed Energy Storage System Market
- Problems and Obstacles in Global Distributed Energy Storage System Market
- Competitive Landscape in the Global Distributed Energy Storage System Market
- Impact of COVID-19 and Demonetization on Global Distributed Energy Storage System Market
- Details on Current Investment in Global Distributed Energy Storage System Market
- Competitive Analysis of Global Distributed Energy Storage System Market
- Prominent Players in the Global Distributed Energy Storage System Market
- SWOT Analysis of Global Distributed Energy Storage System Market
- Global Distributed Energy Storage System Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Distributed Energy Storage System Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Distributed Energy Storage System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Distributed Energy Storage System Market
7. Global Distributed Energy Storage System Market, By Capacity Type (USD Million)
7.1. Global Distributed Energy Storage System Market Value Share and Forecast, By Capacity Type, 2023-20337.2. Single-phase Type7.3. Three-Phase Type7.4. Double-phase Fire Line Type
8. Global Distributed Energy Storage System Market, By Battery (USD Million)
8.1. Global Distributed Energy Storage System Market Value Share and Forecast, By Battery, 2023-20338.2. Nickel-Cadmium8.3. Lead Acid8.4. Lithium-Ion8.5. Others
9. Global Distributed Energy Storage System Market , By Application (USD Million)
9.1. Global Distributed Energy Storage System Market Value Share and Forecast, By Application, 2023-20339.2. Transportation9.3. Grid Storage9.4. Renewable Energy Storage9.5. Others
10. Global Distributed Energy Storage System Market , By End User (USD Million)
10.1. Global Distributed Energy Storage System Market Value Share and Forecast, By End User, 2023-203310.2. Commercial10.3. Residential
11. Global Distributed Energy Storage System Market Forecast, 2019-2033 (USD Million)
11.1. Global Distributed Energy Storage System Market Size and Market Share
12. Global Distributed Energy Storage System Market, By Capacity Type, 2019-2033 (USD Million)
12.1. Global Distributed Energy Storage System Market Size and Market Share By Capacity Type (2019-2026)12.2. Global Distributed Energy Storage System Market Size and Market Share By Capacity Type (2027-2033)
13. Global Distributed Energy Storage System Market, By Battery, 2019-2033 (USD Million)
13.1. Global Distributed Energy Storage System Market Size and Market Share By Battery (2019-2026)13.2. Global Distributed Energy Storage System Market Size and Market Share By Battery (2027-2033)
14. Global Distributed Energy Storage System Market, By Application, 2019-2033 (USD Million)
14.1. Global Distributed Energy Storage System Market Size and Market Share By Application (2019-2026)14.2. Global Distributed Energy Storage System Market Size and Market Share By Application (2027-2033)
15. Global Distributed Energy Storage System Market, By End Use, 2019-2033 (USD Million)
15.1. Global Distributed Energy Storage System Market Size and Market Share By End Use (2019-2026)15.2. Global Distributed Energy Storage System Market Size and Market Share By End Use (2027-2033)
16. Global Distributed Energy Storage System Market, By Region, 2019-2033 (USD Million)
16.1. Global Distributed Energy Storage System Market Size and Market Share By Region (2019-2026)16.2. Global Distributed Energy Storage System Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. ABB Ltd.17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Advanced Control Systems, LLC17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Hitachi, Ltd.17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Johnson Controls International Plc.17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. LG Energy Solution Ltd.17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. NEC Corporation17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. The General Electric Company17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Jabil Inc.17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Distributed Energy Storage System Market is projected to reach USD 9.89 billion by 2033, growing at a CAGR of 13.67 % during the forecast period.
Distributed Energy Storage System Market grew in market size from 2023. The Market is expected to reach USD 9.89 billion by 2033, at a CAGR of 13.67 % during the forecast period.
Distributed Energy Storage System Market CAGR of 13.67 % during the forecast period.
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Distributed Energy Storage System Market size is USD 9.89 billion from 2023 to 2033.
Distributed Energy Storage System Market Segment is Covered By Capacity Type, By Battery, By Application, By End User
The North America region is anticipated to have the highest market share in Distributed Energy Storage System Market.
The key players in the market include Companies Covered ABB Ltd, Advanced Control Systems, LLC, Hitachi, Ltd, Johnson Controls International Plc, LG Energy Solution Ltd, NEC Corporation, The General Electric Company, Jabil Inc, Others.
The utilization of power storage devices close to end users that can react fast and supply energy as required is known as distributed energy storage, or DES.
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