2Q 2020

Market Data: Energy Storage for Microgrids and Remote Power Systems

Advanced Batteries and Flywheels for Grid-Tied and Remote Microgrid Applications: Global Market Analysis and Forecasts

Although not required for microgrids to operate, energy storage systems (ESSs) have emerged as a popular and valuable component of these distributed energy networks. Microgrids are typically centered around generators providing electricity or combined heat and power (CHP) that often run on natural gas or diesel. The addition of variable renewable generation into new and existing microgrids is the primary driver of interest in ESSs. Although an ESS can provide benefits by reducing fuel consumption through the increased efficiency of fossil-fueled generators, the integration of renewable generation is the key benefit provided by ESSs for microgrids.

Interest in microgrids with enabled energy storage is growing throughout the industry from many stakeholders. There are several key drivers resulting in the growth of energy storage-enabled microgrids globally, with innovations in business models and financing a key driver in the expansion of the energy storage for microgrids (ESMG) market during the coming years. The most successful companies in this industry will be those that unlock the potential of these new business and financing models to reduce the risk and upfront costs to customers.

This Guidehouse Insights report outlines the key market drivers and barriers within the global ESMG market. The study provides an analysis of specific trends and market dynamics for each major world region to illustrate how different markets are taking shape. Global ESMG forecasts for capacity and revenue, segmented by region, technology, and market segment, extend through 2029. The report also briefly examines the major technology issues related to ESSs for microgrids.
Pages 29
Tables | Charts | Figures 34
  • What are the key drivers in the market for energy storage for microgrids (ESMG)?
  • Which regional markets for ESMG will be the largest through 2029?
  • What are the major challenges related to ESMG?
  • Which microgrid market segments will see the strongest growth in the next 10 years?
  • What storage technologies will be the most widely utilized for microgrid applications?
  • Energy storage/battery component suppliers
  • Energy storage project developers
  • Microgrid project developers and owners
  • Microgrid hardware and software suppliers
  • Microgrid financiers
  • Utilities and grid operators
  • Government agencies
  • Investor community

1. Executive Summary

  1.1 Market Overview

  1.2 Market Forecasts

2. Market Issues

  2.1 Market Introduction

  2.2 Technology Issues

  2.3 Market Drivers

  2.4 Market Barriers

  2.5 Regional Market Trends

  2.5.1 North America

  2.5.2 Europe

  2.5.3 Asia Pacific

  2.5.4 Latin America

  2.5.5 Middle East & Africa

3. Market Forecasts

  3.1 Methodology and Assumptions

  3.2 Forecasts by Region

  3.2.1 North America

  3.2.2 Asia Pacific

  3.2.3 Europe, Latin America, Middle East & Africa

  3.3 Forecasts by Market Segment

  3.4 Forecasts by Technology

  3.5 Conclusions and Recommendations

4. Acronym and Abbreviation List

5. Table of Contents

6. Table of Charts and Figures

7. Scope of Study

8. Sources and Methodology

9. Notes


  • Annual Installed ESMG Power Capacity by Region, World Markets: 2020-2029
  • Microgrid Power Capacity Added by Generator Type, World Markets: 2010-2019
  • Installed Microgrid Power Capacity and ESMG Power Capacity by Region, World Markets: 2020
  • Annual Installed ESMG Power Capacity by Region, World Markets: 2020-2029
  • Annual Installed ESMG Power Capacity by Market Segment, World Markets: 2020-2029
  • Annual Installed ESMG Power Capacity by Technology, World Markets: 2020-2029

  • Diesel Fuel Prices by Country, Top 30 Most Expensive Countries: 1Q 2020
  • Annual Total Microgrid Capacity by Region, Base Scenario, World Markets: 2020-2029
  • Annual Total Microgrid Implementation Spending by Region, Base Scenario, World Markets: 2020-2029
  • Installed Microgrid Power Capacity and ESMG Power Capacity by Region, World Markets: 2020
  • Annual Installed ESMG Power Capacity by Region, World Markets: 2020-2029
  • Annual Installed ESMG Power Capacity by Market Segment, World Markets: 2020-2029
  • Annual Installed ESMG Power Capacity by Technology, World Markets: 2020-2029
  • Annual Installed ESMG Energy Capacity by Region, World Markets: 2020-2029
  • Annual Installed ESMG Energy Capacity by Market Segment, World Markets: 2020-2029
  • Annual Installed ESMG Energy Capacity by Technology, World Markets: 2020-2029
  • Annual Installed ESMG Deployment Revenue by Region, World Markets: 2020-2029
  • Annual Installed ESMG Deployment Revenue by Market Segment, World Markets: 2020-2029
  • Annual Installed ESMG Deployment Revenue by Technology, World Markets: 2020-2029
  • Annual Installed ESMG Power Capacity by Technology and Market Segment, North America: 2020-2029
  • Annual Installed ESMG Energy Capacity by Technology and Market Segment, North America: 2020-2029
  • Annual Installed ESMG Deployment Revenue by Technology and Market Segment, North America: 2020-2029
  • Annual Installed ESMG Power Capacity by Technology and Market Segment, Europe: 2020-2029
  • Annual Installed ESMG Energy Capacity by Technology and Market Segment, Europe: 2020-2029
  • Annual Installed ESMG Deployment Revenue by Technology and Market Segment, Europe: 2020-2029
  • Annual Installed ESMG Power Capacity by Technology and Market Segment, Asia Pacific: 2020-2029
  • Annual Installed ESMG Energy Capacity by Technology and Market Segment, Asia Pacific: 2020-2029
  • Annual Installed ESMG Deployment Revenue by Technology and Market Segment, Asia Pacific: 2020-2029
  • Annual Installed ESMG Power Capacity by Technology and Market Segment, Latin America: 2020-2029
  • Annual Installed ESMG Energy Capacity by Technology and Market Segment, Latin America: 2020-2029
  • Annual Installed ESMG Deployment Revenue by Technology and Market Segment, Latin America: 2020-2029
  • Annual Installed ESMG Power Capacity by Technology and Market Segment, Middle East & Africa: 2020-2029
  • Annual Installed ESMG Energy Capacity by Technology and Market Segment, Middle East & Africa: 2020-2029
  • Annual Installed ESMG Deployment Revenue by Technology and Market Segment, Middle East & Africa: 2020-2029

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