This report studies the Off-grid Energy Storage Systems market. Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is sometimes called an accumulator or battery.

For the major players of Off-grid Energy Storage Systems, EnerSys maintained its first place, followed by Samsung SDI, LG, Sonnen and Fronius. Top 5 players accounted for 47% of the Global Off-grid Energy Storage Systems revenue market share.

In this study, the sales market for Off-grid Energy Storage Systems was divided into five geographic regions. Asia-Pacific occupied the largest sales market share with 42%. It is followed by Europe and North America, while other regions have smaller market.

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On the basis of product type, Lithium-ion Battery segment is projected to account for the largest sales volume market share during the forecast period; this segment was estimated to account for 87% share in terms of volume.

In the applications, Family Backup Power segment was estimated to account for the highest market share of 37% in terms of volume.

Market Analysis and Insights: Global Off-grid Energy Storage Systems Market

In 2020, the global Off-grid Energy Storage Systems market size was US$ 452.3 million and it is expected to reach US$ 988.4 million by the end of 2027, with a CAGR of 11.1% during 2021-2027.

Global Off-grid Energy Storage Systems Scope and Market Size

Off-grid Energy Storage Systems market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Off-grid Energy Storage Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Off-grid Energy Storage Systems market is segmented into

Lithium-ion Battery

Lead-acid Battery

Others

Segment by Application, the Off-grid Energy Storage Systems market is segmented into

Family Backup Power

Industrial UPS

Unattended Equipment

Others

Regional and Country-level Analysis:

North America

United States

Canada

Asia-Pacific

China

Japan

South Korea

India

Southeast Asia

Australia

Rest of Asia-Pacific

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Rest of Europe

Latin America

Mexico

Brazil

Rest of Latin America

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of MEA

Competitive Landscape and Off-grid Energy Storage Systems Market Share Analysis

Off-grid Energy Storage Systems market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Off-grid Energy Storage Systems product introduction, recent developments, Off-grid Energy Storage Systems sales by region, type, application and by sales channel.

The major companies include:

EnerSys

Samsung SDI

LG

Sonnen

Fronius

Toshiba

Mitsubishi Heavy Industries

Sumitomo Electric Industries

Enphase

SAFT

NEC Energy Solutions

BYD

Tianneng Battery

CALB

Reasons to Purchase Our Research Report:

1. Analyzing the outlook of the market with the recent trends and SWOT analysis
2. Market dynamics scenario, along with growth opportunities of the market in the years to come
3. Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
4. Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
5. Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
6. Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
7. Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
8. Analyst support, along with the data support in excel format.

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