Press Release

Global Off-grid Energy Storage Systems market is Expected to Reach USD 563 million USD by 2023

Date : Oct 23, 2018

New report published by Global QYResearch which offers insights on the global Off-grid Energy Storage Systems market. The Off-grid Energy Storage Systems market has been experiencing steady growth graph since past years. The Global Off-grid Energy Storage Systems market sales value was 382 Mn USD in 2017, and it is projected to reach 563 Mn USD in 2023, with a CAGR (Compounded Annual Growth Rate) of 6.68 % from 2017 to 2023.

This report studies the Off-grid Energy Storage Systems market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyses the top players in global and major regions, and splits the Off-grid Energy Storage Systems market by product type and applications/end industries.

 Global Off-grid Energy Storage Systems Market: Market Driver and Restraint

Increasing demand of downstream industrials, such as Family Backup Power, Industrial UPS, Unattended Equipment and Others.

Global Off-grid Energy Storage Systems Market: Forecast by Type

On the basis of product, market is primarily split into –Lithium-ion Battery, Lead-acid Battery and Others. Lithium-ion Battery is dominated type with a CAGR of 7.87% in terms of revenue in the forecast period from 2017 to 2023.

Global Off-grid Energy Storage Systems Market: Forecast by Application

Application segment consists of Family Backup Power, Industrial UPS, Unattended Equipment and Others. Dominated application is Family Backup Power.

Global Off-grid Energy Storage Systems Market: Forecast by Region

Geographically, this report is segmented into several key Regions, with revenue, market share and growth rate of Off-grid Energy Storage Systems in these regions, from 2013 to 2023 (forecast), covering –North America, Europe, China, Japan, Asia-Pacifi Other, ROW. Europe is the largest region. The China market is expected to expand at a robust rate of 9.57% in terms of revenue over the forecast period.

Global Off-grid Energy Storage Systems Market: Key Players

EnerSys, SAFT, Sonnen, NEC Energy Solutions, Sumitomo Electric Industries, Fronius, LG Chem, Aquion Energy, Toshiba, Samsung SDI, Mitsubishi Heavy Industries, ZEN Energy, Enphase, CALB, Tianneng Battery are the key vendors included in this report. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

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