Mobile Energy Storage Systems Market: Overview

  • Mobile energy storage systems enable a modular, smarter, and more resilient grid infrastructure through peak demand management. In mobile energy storage systems, increased integration of renewable energy is possible.
  • Mobile energy systems are modular, robust,  flexible, reliable, and cost-effective electric capacity resources that help in providing a broad spectrum of electricity-related services
  • Mobile energy storage systems are able to provide additional electricity generation during peak shifting. They can also support grid networks at a short notice, for any period of time or seasonally if required.
  • Traditionally, mobile energy storage systems are designed with robust electric connections, at a single location, mounted on a container that includes a single grounding connection point and a connection typically provided for an external generator so as to support off-grid applications

Are you a start-up willing to make it big in the business? Grab an exclusive PDF sample of this report

Key Drivers of Global Mobile Energy Storage Systems Market

  • Key drivers of the global market for mobile energy storage systems include increasing usage of smart grid services, aging electricity grid infrastructure, and increasing requirement for digitization of the power sector
  • Moreover, developing economies need to offer reliable access to electricity in remote areas. The traditional centralized grids are not capable to provide cost-effective basic electricity supply to underserved areas in a reasonable amount of time. Remote and distributed power systems have potential to supply electricity across the world. Hence, deployment of more mobile energy storage systems is likely to boost the market in developing economies across the world during the forecast period.
  • Growing concerns about emissions of CO2 and greenhouse gases across the world have shifted substantial investments toward the renewable energy generation. Mobile energy storage systems are largely used for storage of renewable energy. Thus, technological shift toward renewable electricity generation is estimated to promote growth of the global market for mobile energy storage systems during the forecast period.
  • Rising awareness about energy conservation is also estimated to boost the global mobile energy storage systems market during the forecast period

Restraints of Global Mobile Energy Storage Systems Market

  • Lack of awareness among developing economies about utility of mobile energy storage systems to reduce energy costs is a key restraint of the global market. Most companies are not fully aware of the costing structure as well as benefits of mobile energy storage systems.
  • Financing for initial cost is another challenge, as vendors are unable to provide upfront costs and equity leasing firms are reluctant to enter the marketplace

Major Developments in Mobile Energy Storage Systems Market

  • In February 2020, GreenChoice, a Netherlands-based renewable energy retailer, announced its partnership with a Germany-based engineering startup called Greener Engineering for transforming containerized energy storage systems into mobile power sources. As per the partnership, ten mobile systems with a total capacity of 3,360 kWh form the latest project. These systems would be charged by GreenChoice’s wind farms. These mobile batteries can be charged in 43 minutes and they can be ‘wheeled’ to customers that need a mobile or emergency power source.
  • In July 2015, Northern Reliability Inc., a U.S.-based integrator of energy storage systems, was selected by Renewable NRG Systems (RNRG), a manufacturer and designer of decision support tools for the global renewable energy industry, for supply of mobile energy storage systems that deliver reliable power for remote sensing wind measurement devices.

Asia Pacific to Hold a Major Share of Global Mobile Energy Storage Systems Market

  • Based on region, the global mobile energy storage systems can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • Asia Pacific is expected to dominate the global mobile energy storage systems market between 2019 and 2027, due to rising investments and advancements in the renewable energy sector in the region, especially in developing economies such as China and India. An article published by the United Nations Environment Program on total renewable energy investments in 2018 states that China leads the global investment in renewable energy (US$ 91.2 Bn) and that investments in the country are anticipated to increase further, with a larger number of renewable energy projects planned during the forecast period.
  • The mobile energy storage systems market in Europe is expected to expand rapidly during the forecast period, owing to use of a remarkable number of hybrid electric vehicles (HEVs) and electric vehicles (EVs) in the region. The total investment in the renewable energy sector in the region was valued at US$ 61.2 Bn in 2018.
  • North America is likely to hold a considerable share of the global mobile energy storage systems market from 2020 to 2030, owing to high electricity consumption, stringent federal policy directives and regulations concerning greenhouse gas emissions, rising energy costs, and increasing awareness about benefits of mobile energy storage systems in the region

Expanding operations in future? To get the perfect launch ask for a custom report

Key Players Operating in Global Mobile Energy Storage Systems Market

Some of the major players operating in the global mobile energy storage systems market are:

  • Power Edison
  • Greener Engineering Inc.
  • Renewable Energy Systems Ltd.
  • LG Chem
  • Panasonic
  • NEC Energy Solutions
  • NRG Energy
  • Amperex Technology
  • Boston Power
  • China Aviation Lithium Battery
  • EnerSys
  • GE Energy Storage

Global Mobile Energy Storage Systems Market, by Product

  • Lead–Acid Battery
  • Li-ion Battery
  • Sodium-based Battery
  • Others

Global Mobile Energy Storage Systems Market, by Application

  • Industrial
  • Residential
  • Commercial

Global Mobile Energy Storage Systems Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note:Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Mobile Energy Storage Systems Market

Pre Book