4Q 2020

Energy Storage Tracker 4Q20

The global energy storage industry has continued to ramp up in 2020 despite delays due to COVID‑19. Although select countries have seen major increases in new projects, others are just beginning to develop substantial market opportunities. The industry remains diverse in the shape and structure of global markets. A key global trend is that the early stages of a market’s development typically include projects that are smaller and focused on single applications, often grid stability services such as frequency regulation. As markets mature, such as the US, Germany, and Australia, new projects tend to shift to target more substantial multi-revenue stream opportunities for capacity and reserve services, including combined renewables plus storage plants.

Several key factors continue to increase the global need for energy storage deployments. One trend has been the replacement of expensive peaker plants that run on fossil fuels with advanced battery energy storage systems. Additionally, areas with unstable grids and frequent outages will benefit from distributed energy storage systems and microgrids with storage. Load profiles will play a critical role in the structure and operation of the power grid, which will influence the development of energy storage markets.

This Guidehouse Insights report provides a comprehensive resource of global energy storage projects. The Tracker includes a database of 4,604 energy storage-specific projects and tracks the country, region, market segment, capacity, status, technology vendor, systems integrator, applications, funding, investment, and key milestones of each project. It also includes an analysis of the technology choice within each major region for energy storage, analysis of the leading regions for energy storage capacity and projects, and market share analysis for technology vendors for deployed and future projects.

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Tables | Charts | Figures 17
  • Which energy storage systems integrators have the largest market share?
  • Which energy storage technology vendors have the largest market share for deployed projects and for pipeline projects?
  • How many energy storage projects are currently underway worldwide?
  • Which regions are leading in terms of deployed market capacity and number of projects in the energy storage sector?
  • What is the technology choice within each region?
  • How many new energy storage projects have come online so far in 2020?
  • Energy storage technology vendors
  • Smart grid controls and software companies
  • Energy engineering, procurement, and construction firms
  • Inverter companies
  • Solar financing companies
  • Utilities
  • Investor community

Energy Storage Tracker 4Q20

Energy Storage Projects by Region, World Markets: 4Q20

Top 10 Storage OEMs by Capacity and Market Share, World Markets: 4Q20

New Operational Energy Storage Capacity by Region, World Markets: 2016-2020

Top 10 Energy Storage Types by Total Capacity, World Markets: 4Q20

Energy Storage Segments by Total Capacity, World Markets: 4Q20

Energy Storage System Capacity by Region, World Markets: 4Q20

Top 10 Countries by ESS Capacity, World Markets: 4Q20

New Energy Storage Projects by Region, World Markets: 2016-2020

Energy Storage Tracker 4Q20

Acronyms and Abbreviations

  • Energy Storage Projects by Region, World Markets: 4Q20
  • Top 10 Storage OEMs by Capacity and Market Share, World Markets: 4Q20
  • New Operational Energy Storage Capacity by Region, World Markets: 2016-2020
  • Top 10 Energy Storage Types by Total Capacity, World Markets: 4Q20
  • Energy Storage Segments by Total Capacity, World Markets: 4Q20
  • Energy Storage System Capacity by Region, World Markets: 4Q20
  • Top 10 Countries by ESS Capacity, World Markets: 4Q20
  • New Energy Storage Projects by Region, World Markets: 2016-2020

Energy Storage Projects by Region, World Markets: 4Q20

Top 10 Storage OEMs by Capacity and Market Share, World Markets: 4Q20

New Operational Energy Storage Capacity by Region, World Markets: 2016-2020

Top 10 Energy Storage Types by Total Capacity, World Markets: 4Q20

Energy Storage Segments by Total Capacity, World Markets: 4Q20

Energy Storage System Capacity by Region, World Markets: 4Q20

Top 10 Countries by ESS Capacity, World Markets: 4Q20

New Energy Storage Projects by Region, World Markets: 2016-2020

Energy Storage Tracker 4Q20