Global Microgrid Energy Storage Market Growth (Status and Outlook) 2024-2030

Global Microgrid Energy Storage Market Growth (Status and Outlook) 2024-2030

Microgrid is a low-voltage network composed of distributed energy sources, energy storage devices and controllable loads. Its capacity ranges from hundreds of kilowatts to several megawatts. It can operate in parallel with the distribution network and can be disconnected when the upper-level power grid fails. The network operates independently and can be reconnected to the grid after fault recovery. A microgrid is a discrete energy system that provides electric power for a specific region or facility by integrating with distributed energy resources (e.g., solar and wind power) and ESS. Microgrid energy storage refers to the energy storage system (ESS) applied to microgrids. ESS can store electrical energy to provide power demand systems when needed. Its main function is to improve the reliability of the microgrid system, balance power supply and demand, control system power quality, extend equipment life, and reduce construction and operating costs.

The global Microgrid Energy Storage market size is projected to grow from US$ 290 million in 2024 to US$ 516 million in 2030; it is expected to grow at a CAGR of 10.1% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Microgrid Energy Storage Industry Forecast” looks at past sales and reviews total world Microgrid Energy Storage sales in 2022, providing a comprehensive analysis by region and market sector of projected Microgrid Energy Storage sales for 2023 through 2029. With Microgrid Energy Storage sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microgrid Energy Storage industry.

This Insight Report provides a comprehensive analysis of the global Microgrid Energy Storage landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Microgrid Energy Storage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Microgrid Energy Storage market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microgrid Energy Storage and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microgrid Energy Storage.

Global key players of Microgrid Energy Storage include Samsung SDI, Panasonic, LG Energy Solution Ltd, Hitachi, Toshiba, etc. The top five players hold a share over 50%. North America is the largest market, and has a share about 40%, followed by China with share 20%. In terms of product type, Lithium-ion Battery is the largest segment, occupied for a share of 88%. In terms of application, Utility & Residential has a share about 67 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Microgrid Energy Storage market by product type, application, key players and key regions and countries.

Segmentation by Type:
Lithium-ion Battery
Lead-acid Battery
Others

Segmentation by Application:
Utility & Residential
Commercial & Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Lithium-ion Battery
Lead-acid Battery
Others

Segmentation by Application:
Utility & Residential
Commercial & Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Samsung SDI
Panasonic
LG Energy Solution Ltd
Hitachi
Toshiba
LSIS
Fluence
NGK Group
S&C Electric
Saft
Sumitomo Electric
EnSync
Eos Energy Storage
Aggreko
BYD
CALB
Rongke Power
Narada

Please note: The report will take approximately 2 business days to prepare and deliver.