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
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| 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.
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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 Capacity Type:
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Single-phase Type
Three-Phase Type
Double-phase Fire Line Type
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By Battery:
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Nickel-Cadmium
Lead Acid
Lithium-Ion
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By Application:
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Transportation
Grid Storage
Renewable Energy Storage
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By End User:
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Commercial
Residential
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Distributed Energy Storage System Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Distributed Energy Storage System Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Single-phase Type
7.3. Three-Phase Type
7.4. 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, 2023-2033
8.2. Nickel-Cadmium
8.3. Lead Acid
8.4. Lithium-Ion
8.5. 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, 2023-2033
9.2. Transportation
9.3. Grid Storage
9.4. Renewable Energy Storage
9.5. 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, 2023-2033
10.2. Commercial
10.3. 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-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. ABB Ltd.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Advanced Control Systems, LLC
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Hitachi, Ltd.
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Johnson Controls International Plc.
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. LG Energy Solution Ltd.
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. NEC Corporation
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. The General Electric Company
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Jabil Inc.
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. 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.
