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Global Energy Storage As A Service Market Size Study & Forecast, By Service (Bulk Energy Services, Ancillary Services, Transmission Infrastructure Services, Distribution Infrastructure Services, Customer Energy Management Services and Others) by End-user (Utility, Industrial and Residential & Commercial) and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: GAF22B548684EN
Bizwit Research & Consulting LLP

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Global Energy Storage As A Service Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.

The Energy Storage as a Service (ESaaS) market involves the provision of energy storage solutions to customers through a service-based model, eliminating the need for upfront capital investment in energy storage infrastructure. This model enables businesses, utilities, and residential users to access energy storage capabilities such as peak shaving, load shifting, and demand response without bearing the full cost of ownership. The main driver behind the ESaaS market is the increasing demand for flexible and scalable energy storage solutions to support renewable energy integration, grid stability, and energy management optimization. As the adoption of renewable energy sources like solar and wind power grows, ESaaS offers a cost-effective and efficient way to address grid challenges, reduce energy costs, and enhance overall energy system resilience, driving market growth and adoption of ESaaS solutions globally.

Energy storage as a service (ESaaS) is an emerging model with limited global players, primarily operating at local and regional levels. For instance, YSG Solar in the U.S. focuses on local areas, highlighting the untapped potential in remote regions lacking a consistent power supply. Developed markets like the U.S. benefit from ESaaS due to challenges like peak loads and blackout prevention, aligning with renewable energy priorities, and reducing fossil fuel dependency.

The key regions considered for the Global Energy Storage As A Service Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. In 2022, North America emerged as the dominant market due to factors such as high energy consumption driven by diverse industries like automotive, aerospace, chemical, and healthcare. The demand for energy storage services such as peak load management, energy arbitrage, black start capabilities, and demand charge management surged across industrial, commercial, and residential sectors. This trend is fueled by industrialists preferring energy storage services over purchasing systems to ensure a consistent energy supply and prevent blackouts.

On the other hand, the Asia Pacific region is forecasted to witness the highest Compound Annual Growth Rate (CAGR) during the projection period. This growth is attributed to the presence of untapped markets, rapid industrialization, and escalating energy consumption. Utilities and industries in countries like India, South Korea, Japan, and China are expected to intensify their focus on energy storage as a service business model, integrating these services into their systems to meet future energy demands effectively.

Major market players included in this report are:

Siemens Energy

Veolia

Honeywell International Inc.

NRStor Inc.

ENGIE Storage Services NA LLC

Customized Energy Solutions Ltd.

YSG Solar

Quantity

Hydrostor Inc.

Global Energy Storage As A Service Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Service, End-user, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Rest of the World
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and Service offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service:

Bulk Energy Services

Ancillary Services

Transmission Infrastructure Services

Distribution Infrastructure Services

Customer Energy Management Services

Others

By End-user:

Utility

Industrial, Residential & Commercial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Energy Storage As A Service Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Energy Storage As A Service Market, by Service, 2020-2030 (USD Billion)
  1.2.3. Energy Storage As A Service Market, by End-user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL ENERGY STORAGE AS A SERVICE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL ENERGY STORAGE AS A SERVICE MARKET DYNAMICS

3.1. Energy Storage As A Service Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing Adoption of Renewable Energy Sources
    3.1.1.2. Grid Modernization Initiatives
  3.1.2. Market Challenges
    3.1.2.1. Evolving Regulatory Frameworks and Uncertainties
    3.1.2.2. Data Security Concerns
  3.1.3. Market Opportunities
    3.1.3.1. Growing Demand for Energy Storage Solutions
    3.1.3.2. Increasing Focus on Decarbonization, Renewable Energy Integration, and Sustainability Goals

CHAPTER 4. GLOBAL ENERGY STORAGE AS A SERVICE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ENERGY STORAGE AS A SERVICE MARKET, BY SERVICE

5.1. Market Snapshot
5.2. Global Energy Storage As A Service Market by Service, Performance - Potential Analysis
5.3. Global Energy Storage As A Service Market Estimates & Forecasts by Service 2020-2030 (USD Billion)
5.4. Energy Storage As A Service Market, Sub Segment Analysis
  5.4.1. Bulk Energy Services
  5.4.2. Ancillary Services
  5.4.3. Transmission Infrastructure Services
  5.4.4. Distribution Infrastructure Services
  5.4.5. Customer Energy Management Services
  5.4.6. Others

CHAPTER 6. GLOBAL ENERGY STORAGE AS A SERVICE MARKET, BY END-USER

6.1. Market Snapshot
6.2. Global Energy Storage As A Service Market by End-user, Performance - Potential Analysis
6.3. Global Energy Storage As A Service Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
6.4. Energy Storage As A Service Market, Sub Segment Analysis
  6.4.1. Utility
  6.4.2. Industrial, Residential & Commercial

CHAPTER 7. GLOBAL ENERGY STORAGE AS A SERVICE MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Energy Storage As A Service Market, Regional Market Snapshot
7.4. North America Energy Storage As A Service Market
  7.4.1. U.S. Energy Storage As A Service Market
    7.4.1.1. Service breakdown estimates & forecasts, 2020-2030
    7.4.1.2. End-user breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Energy Storage As A Service Market
7.5. Europe Energy Storage As A Service Market Snapshot
  7.5.1. U.K. Energy Storage As A Service Market
  7.5.2. Germany Energy Storage As A Service Market
  7.5.3. France Energy Storage As A Service Market
  7.5.4. Spain Energy Storage As A Service Market
  7.5.5. Italy Energy Storage As A Service Market
  7.5.6. Rest of Europe Energy Storage As A Service Market
7.6. Asia-Pacific Energy Storage As A Service Market Snapshot
  7.6.1. China Energy Storage As A Service Market
  7.6.2. India Energy Storage As A Service Market
  7.6.3. Japan Energy Storage As A Service Market
  7.6.4. Australia Energy Storage As A Service Market
  7.6.5. South Korea Energy Storage As A Service Market
  7.6.6. Rest of Asia Pacific Energy Storage As A Service Market
7.7. Latin America Energy Storage As A Service Market Snapshot
  7.7.1. Brazil Energy Storage As A Service Market
  7.7.2. Mexico Energy Storage As A Service Market
7.8. Rest of The World Energy Storage As A Service Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Siemens Energy
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Veolia
  8.3.3. Honeywell International Inc.
  8.3.4. NRStor Inc.
  8.3.5. ENGIE Storage Services NA LLC
  8.3.6. Customized Energy Solutions Ltd.
  8.3.7. YSG Solar
  8.3.8. Suntuity
  8.3.9. Hydrostor Inc.

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Energy Storage As A Service Market, report scope
TABLE 2. Global Energy Storage As A Service Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Energy Storage As A Service Market estimates & forecasts by Service 2020-2030 (USD Billion)
TABLE 4. Global Energy Storage As A Service Market estimates & forecasts by End-user 2020-2030 (USD Billion)
TABLE 5. Global Energy Storage As A Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Energy Storage As A Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Energy Storage As A Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Energy Storage As A Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Energy Storage As A Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Energy Storage As A Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Energy Storage As A Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Energy Storage As A Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Energy Storage As A Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Energy Storage As A Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Row Energy Storage As A Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. Row Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Row Energy Storage As A Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of Global Energy Storage As A Service Market
TABLE 70. List of primary sources, used in the study of Global Energy Storage As A Service Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverabl

LIST OF FIGURES

FIG 1. Global Energy Storage As A Service Market, research methodology
FIG 2. Global Energy Storage As A Service Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Energy Storage As A Service Market, key trends 2022
FIG 5. Global Energy Storage As A Service Market, growth prospects 2023-2030
FIG 6. Global Energy Storage As A Service Market, porters 5 force model
FIG 7. Global Energy Storage As A Service Market, pest analysis
FIG 8. Global Energy Storage As A Service Market, value chain analysis
FIG 9. Global Energy Storage As A Service Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Energy Storage As A Service Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Energy Storage As A Service Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Energy Storage As A Service Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Energy Storage As A Service Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Energy Storage As A Service Market, regional snapshot 2020 & 2030
FIG 15. North America Energy Storage As A Service Market 2020 & 2030 (USD Billion)
FIG 16. Europe Energy Storage As A Service Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Energy Storage As A Service Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Energy Storage As A Service Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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