The Global Decentralized Energy Storage Market Expected to Rise during the Forecast Period, 2019-2023: Power Outages Disrupting the Medical Sector Increases Need for Backup Power - ResearchAndMarkets.com
The "Global Decentralized Energy Storage Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
This growing need for backup power is expected to drive the growth of the global decentralized energy storage market over the forecast period at a CAGR of over 18%. However, the market's momentum will decelerate in the coming years because of the decrease in year-over-year growth.
One of the major issues faced by the companies in the C&I sector is the downtime caused due to power outages. Even a small disruption in the supply of electricity in hospitals and nursing facilities can put lives at risk. Instances of power outages are resulting in significant losses for manufacturing companies as they are missing the timelines in delivering products to their customers. Power outages have led several manufacturing plants to shut down across the world. In December 2017, Delta Air Lines Inc. incurred a significant loss due to a power outage. Such financial catastrophes and business down times are creating a pressing requirement for investment in energy storage to overcome problems associated with power outages.
Market Overview
Growing economic benefits of ESS
End-users are adopting ESS to store energy rather than depending on the power grid during peak power demand. This results in huge monetary savings as they reduce the peak demand charges they pay. Owing to such benefits, the demand for ESS is expected to increase over the forecast period and subsequently drive the growth of the global decentralized energy storage market size.
Stringent laws against lead pollution
Lead-acid batteries, that is one of the electrochemical energy storage technologies, contains sulfuric acid which is dumped in landfills contaminate groundwater reserves and drinking water supplies. Such improper disposal of the used lead-acid batteries is driving many countries to introduce stringent laws on the production and disposal of lead-acid batteries to reduce the risk of lead poisoning. For instance, China recently shut down many lead-acid battery plants and enforced strict regulations for the production of lead-acid batteries. This is expected to have a negative impact on the growth of the global decentralized energy storage market.
Competitive Landscape
The market appears to be fairly fragmented with several players occupying the market share. Companies such as CALMAC and Fluence Energy LLC have intensified the competition. Factors such as the rising need for backup power and the growing economic benefits of ESS will provide significant growth opportunities for decentralized energy storage companies.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
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Preface
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Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
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Market ecosystem
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Market characteristics
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Market segmentation analysis
PART 04: MARKET SIZING
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Market definition
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Market sizing 2018
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Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
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Bargaining power of buyers
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Bargaining power of suppliers
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Threat of new entrants
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Threat of substitutes
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Threat of rivalry
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Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
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Market segmentation by technology
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Comparison by technology
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Battery energy storage - Market size and forecast 2018-2023
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Thermal energy storage - Market size and forecast 2018-2023
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Others - Market size and forecast 2018-2023
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Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
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Geographic segmentation
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Geographic comparison
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EMEA - Market size and forecast 2018-2023
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Americas - Market size and forecast 2018-2023
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APAC - Market size and forecast 2018-2023
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Key leading countries
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Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
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Market drivers
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Market challenges
PART 11: MARKET TRENDS
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Rising adoption of microgrids
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Development of smart cities and ZEBs
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Advances in energy storage technologies
PART 12: VENDOR LANDSCAPE
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Overview
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Landscape disruption
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Competitive scenario
PART 13: VENDOR ANALYSIS
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Vendors covered
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Vendor classification
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Market positioning of vendors
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CALMAC
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Fluence Energy LLC
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LG Chem Ltd.
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NEC Corp.
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NGK Insulators Ltd.
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SENER Ingeniera y Sistemas SA
PART 14: APPENDIX
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Research methodology
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List of abbreviations
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Definition of market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/r/ud03pj
View source version on businesswire.com: https://www.businesswire.com/news/home/20190712005238/en/
Copyright Business Wire 2019
Source: Business Wire
(July 12, 2019 - 7:55 AM EDT)
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