[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Energy Storage As A Service Market Size, Share & Trends Analysis Report By Service (Customer Energy Management Services, Ancillary Services), By End User, By Region, And Segment Forecasts, 2021- 2028

November 2021 | 80 pages | ID: E2FE784CE7B2EN
Grand View Research, Inc.

US$ 5,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
This report can be delivered to the clients within 72 Business Hours

Energy Storage As A Service Market Growth & Trends

The global energy storage as a service market size is expected to reach USD 2.7 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.7% from 2021 to 2028. The global market is predominantly driven by the rising energy consumption and increasing demand for power management in the industrial and residential sectors. Moreover, the convenience and cost-effectiveness offered by the energy storage services are attracting consumers across the globe.

Growing industrialization in emerging countries such as India, Brazil, and China is creating significant energy demand, which, in turn, is expected to drive the market. ESaaS model offers various services, including ancillary services and energy management services, which help in the regular supply of electricity, prevent blackouts, and reduce electricity bills.

In 2020, the market witnessed a decline in growth owing to the outbreak of the Coronavirus pandemic. Lockdown across nations and travel restrictions affected the market. Various industries and commercial complexes were closed, which resulted in a decline in service demand in 2020.

Energy Storage As A Service Market Report Highlights
  • By service, the customer energy management services segment held the largest revenue share of over 30.0% in 2020. ESaaS model is gaining high popularity in the industrial, commercial, and residential sectors compared to utility and energy supplying companies. It is being used in microgrid systems
  • The ancillary services segment is anticipated to grow at the fastest rate during the forecast period. Ancillary services are expected to decrease the dependency on fossil fuel generators and switch to renewable and battery energy storage for services including voltage support, black start, and frequency regulation
  • The utility end-user segment is expected to register the highest growth rate during the forecast period. Decreasing dependency on conventional fossil fuel generators and increasing focus on sustainability are among the major factors fueling the segment growth
  • Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to the presence of various untapped markets, coupled with the rising energy consumption. China is the largest market for energy storage as a service in Asia Pacific. This is due to the increasing industrialization in the region, high consumption of energy, and growing awareness of renewable energy
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. ENERGY STORAGE AS A SERVICE MARKET VARIABLES, TRENDS, & SCOPE

3.1. Market Lineage Outlook
  3.1.1. Global Energy as a Service Market
3.2. Market Segmentation & Scope
3.3. Penetration & Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.5. Regulatory Framework
3.6. Technology Overview
3.7. Energy Storage as a Service Market - Market Dynamics
  3.7.1. Market Driver Analysis
  3.7.2. Market Restraint Analysis
3.8. Business Environment Analysis: Energy Storage as a Service Market
  3.8.1. Industry Analysis - Porter’s
    3.8.1.1. Supplier Power
    3.8.1.2. Buyer Power
    3.8.1.3. Substitution Threat
    3.8.1.4. Threat from New Entrants
    3.8.1.5. Competitive Rivalry
  3.8.2. PESTEL Analysis
    3.8.2.1. Political Landscape
    3.8.2.2. Environmental Landscape
    3.8.2.3. Social Landscape
    3.8.2.4. Technology Landscape
    3.8.2.5. Economic Landscape
    3.8.2.6. Legal Landscape

CHAPTER 4. COVID-19 IMPACT ANALYSIS

4.1. Impact of COVID-19 on Global Energy Storage as a Service Market

CHAPTER 5. ENERGY STORAGE AS A SERVICE MARKET: SERVICE ESTIMATES & TREND ANALYSIS

5.1. Energy Storage as a Service Market: Service Movement Analysis, 2020 & 2028
5.2. Bulk Energy Services
  5.2.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
5.3. Ancillary Services
  5.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
5.4. Transmission Infrastructure Services
  5.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
5.5. Distribution Infrastructure Services
  5.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
5.6. Customer Energy Management Services
  5.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
5.7. Others
  5.7.1. Market estimates and forecasts, 2017 - 2028 (USD Million)

CHAPTER 6. ENERGY STORAGE AS A SERVICE MARKET: END-USER ESTIMATES & TREND ANALYSIS

6.1. Energy Storage as a Service Market: End-user Movement Analysis, 2020& 2028
6.2. Industrial, Residential & Commercial
  6.2.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3. Utility
  6.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)

CHAPTER 7. ENERGY STORAGE AS A SERVICE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Regional Movement Analysis & Market Share, 2020 & 2028
7.2. North America
  7.2.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
  7.2.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
  7.2.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.2.4. U.S.
    7.2.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.2.4.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.2.4.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.2.5. Canada
    7.2.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.2.5.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.2.5.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.2.6. Mexico
    7.2.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.2.6.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.2.6.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
7.3. Europe
  7.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
  7.3.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
  7.3.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.3.4. Germany
    7.3.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.3.4.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.3.4.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.3.5. U.K.
    7.3.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.3.5.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.3.5.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.3.6. Italy
    7.3.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.3.6.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.3.6.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
7.4. Asia Pacific
  7.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
  7.4.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
  7.4.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.4.4. China
    7.4.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.4.4.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.4.4.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.4.5. Japan
    7.4.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.4.5.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.4.5.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.4.6. India
    7.4.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.4.6.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.4.6.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.4.7. Australia
    7.4.7.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.4.7.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.4.7.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
7.5. Central & South America
  7.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
  7.5.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
  7.5.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.5.4. Brazil
    7.5.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.5.4.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.5.4.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
7.6. Middle East & Africa
  7.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
  7.6.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
  7.6.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)
  7.6.4. Saudi Arabia
    7.6.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
    7.6.4.2. Market estimates and forecasts, by service, 2017 - 2028 (USD Million)
    7.6.4.3. Market estimates and forecasts, by end-user, 2017 - 2028 (USD Million)

CHAPTER 8. ENERGY STORAGE AS A SERVICE MARKET: COMPETITIVE ANALYSIS

8.1. Key Players, Recent Developments & Their Impact on the Industry
8.2. Major Deals & Strategic Alliance Analysis
8.3. Vendor Landscape

CHAPTER 9. COMPANY PROFILES

9.1. Siemens Energy
  9.1.1. Company Overview
  9.1.2. Financial Performance
  9.1.3. Product Benchmarking
  9.1.4. Strategic Initiatives
9.2. Veolia
  9.2.1. Company Overview
  9.2.2. Financial Performance
  9.2.3. Product Benchmarking
  9.2.4. Strategic Initiatives
9.3. Honeywell International Inc.
  9.3.1. Company Overview
  9.3.2. Financial Performance
  9.3.3. Product Benchmarking
  9.3.4. Strategic Initiatives
9.4. ENGIE Storage Services NA LLC
  9.4.1. Company Overview
  9.4.2. Financial Performance
  9.4.3. Product Benchmarking
  9.4.4. Strategic Initiatives
9.5. Customized Energy Solutions Ltd.
  9.5.1. Company Overview
  9.5.2. Financial Performance
  9.5.3. Product Benchmarking
  9.5.4. Strategic Initiatives
9.6. YSG Solar
  9.6.1. Company Overview
  9.6.2. Product Benchmarking
9.7. Suntuity
  9.7.1. Company Overview
  9.7.2. Product Benchmarking
9.8. Hydrostor Inc.
  9.8.1. Company Overview
  9.8.2. Product Benchmarking
9.9. NRStor Inc.
  9.9.1. Company Overview
  9.9.2. Financial Performance
  9.9.3. Product Benchmarking
  9.9.4. Strategic Initiatives

LIST OF TABLES

Table 1 Global bulk energy services market estimates and forecasts, 2017 - 2028 (USD Million)
Table 2 Global ancillary services market estimates and forecasts, 2017 - 2028 (USD Million)
Table 3 Global transmission infrastructure services market estimates and forecasts, 2017 - 2028 (USD Million)
Table 4 Global distribution infrastructure services market estimates and forecasts, 2017 - 2028 (USD Million)
Table 5 Global customer energy management services market estimates and forecasts, 2017 - 2028 (USD Million)
Table 6 Global other services market estimates and forecasts, 2017 - 2028 (USD Million)
Table 7 Global energy storage as a service market estimates and forecasts for industrial, residential & commercial, 2017 - 2028 (USD Million)
Table 8 Global energy storage as a service market estimates and forecasts for utility, 2017 - 2028 (USD Million)
Table 9 North America energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 10 North America energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 11 North America energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 12 U.S. energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 13 U.S. energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 14 U.S. energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 15 Canada energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 16 Canada energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 17 Canada energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 18 Mexico energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 19 Mexico energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 20 Mexico energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 21 Europe energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 22 Europe energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 23 Europe energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 24 Germany energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 25 Germany energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 26 Germany energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 27 Italy energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 28 Italy energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 29 Italy energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 30 U.K. energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 31 U.K. energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 32 U.K. energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 33 Asia Pacific energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 34 Asia Pacific energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 35 Asia Pacific energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 36 China energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 37 China energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 38 China energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 39 Japan energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 40 Japan energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 41 Japan energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 42 India energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 43 India energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 44 India energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 45 Australia energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million
Table 46 Australia energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 47 Australia energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 48 Central & South America energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 49 Central & South America energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 50 Central & South America energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 51 Brazil energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 52 Brazil energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 53 Brazil energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 54 Middle East & Africa energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 55 Middle East & Africa energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 56 Middle East & Africa energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
Table 57 Saudi Arabia energy storage as a service market estimates and forecasts, 2017 - 2028 (USD Million)
Table 58 Saudi Arabia energy storage as a service market revenue by service, 2017 - 2028 (USD Million)
Table 59 Saudi Arabia energy storage as a service market revenue by end-user, 2017 - 2028 (USD Million)
LIST OF FIGURES

Fig. 1 Market segmentation & scope
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Market research approaches - Bottom-Up Approach
Fig. 6 Market research approaches - Top-Down Approach
Fig. 7 Market research approaches - Combined Approach
Fig. 8 Market snapshot, 2020
Fig. 9 Segmental insights
Fig. 10 Market insights
Fig. 11 Competitive outlook
Fig. 12 Penetration & growth prospect mapping (USD Million)
Fig. 13 Global energy storage as a service market: value chain analysis
Fig. 14 Technology overview
Fig. 15 Global energy storage as a service market dynamic
Fig. 16 Global energy storage as a service market: Service movement analysis & market share, 2020 & 2028
Fig. 17 Global energy storage as a service market: End-user movement analysis & market share, 2020 & 2028
Fig. 18 Global energy storage as a service market: regional movement analysis & market share, 2020 & 2028
Fig. 19 North America energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 20 U.S. energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 21 Canada energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 22 Mexico energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 23 Europe energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 24 Germany energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 25 Italy energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 26 U.K. energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 27 Asia Pacific energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 28 China Energy Storage as a Service market revenue, 2017 - 2028 (USD Million)
Fig. 29 Japan energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 30 India energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 31 Australia energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 32 Central & South America energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 33 Brazil energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 34 Middle East & Africa energy storage as a service market revenue, 2017 - 2028 (USD Million)
Fig. 35 Saudi Arabia energy storage as a service market revenue, 2017 - 2028 (USD Million)


More Publications