Global Decentralized Energy Storage Market 2022-2026

Global Decentralized Energy Storage Market 2022-2026

Technavio has been monitoring the decentralized energy storage market and it is poised to grow by 31216.22 MW units during 2022-2026 progressing at a CAGR of 62.55% during the forecast period. Our report on the decentralized energy storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the change in the global energy mix, rising need for backup power, and growing economic benefits of energy storage systems.

The decentralized energy storage market analysis includes the technology segment and geographic landscape.

Technavio's decentralized energy storage market is segmented as below:

By Technology

• Battery energy storage
• Thermal energy storage
• Others

By Geographical Landscape

• APAC
• North America
• Europe
• MEA
• South America

This study identifies the rising adoption of microgrids as one of the prime reasons driving the decentralized energy storage market growth during the next few years. Also, the development of smart cities and ZEBs and advances in energy storage technologies will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on decentralized energy storage market covers the following areas:

• Decentralized energy storage market sizing
• Decentralized energy storage market forecast
• Decentralized energy storage market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading decentralized energy storage market vendors that include Aggreko Plc, AT and T Inc., BYD Co. Ltd., David MacBrayne Ltd., Fluence Energy Inc., General Electric Co., LG Chem Ltd., NGK Insulators Ltd., Samsung SDI Co. Ltd., and SENER GRUPO DE INGENIERIA SA. Also, the decentralized energy storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Aggreko Plc, AT and T Inc., BYD Co. Ltd., David MacBrayne Ltd., Fluence Energy Inc., General Electric Co., LG Chem Ltd., NGK Insulators Ltd., Samsung SDI Co. Ltd., SENER GRUPO DE INGENIERIA SA