This report describes the global market size of Energy storage as a service Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 11% from 2023 to 2030.
Through a service contract, energy storage as a service enables a facility to take advantage of an energy storage system's benefits without having to own the system itself. A variety of services are offered by energy storage systems to increase electricity resilience, generate income, and make savings.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Energy storage as a service Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 11% during the forecast period 2023-2030. North American market for Energy storage as a service Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
Middle East and Africa
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Energy storage as a service Market as well as some small players. The information for each competitor include:
Main Business Information
Sales Volume, Revenue, Price and Gross Margin
Bulk Energy Services
Transmission Infrastructure Services
Distribution Infrastructure Services
Customer Energy Management Services
In 2020, the customer energy management services market segment held the top spot and was responsible for over 30.0% of worldwide revenue. Power quality, retail electric energy time-shift, demand charge management, and increasing solar PV self-consumption are among the customer energy management services. There is a high demand for client energy and power management in the energy storage as a service business. When a customer employs solar energy or other renewable energy sources, it serves as backup power to ensure electricity reliability. Due to the rising use of battery storage systems in the auxiliary service market, the ancillary services category is anticipated to grow at the fastest CAGR of 11.7% over the course of the projection period and acquire significant momentum in the years to come.
Industrial, Residential & Commercial
In 2020, the industrial, residential, and commercial segment dominated the market and raked in more than 70.0% of the total revenue. The industrial, residential, and commercial sectors are the ones that use energy storage as a service the most. These services are used by the industrial sector to provide consistent energy supply and dependable power. It is used by large housing societies and isolated residential regions to provide consistent power and reduce the cost of energy usage. Over the projection period, the utilities segment is anticipated to grow at the quickest CAGR of 11.2%. One of the main driving forces behind the energy storage as a service concept is the rising emphasis that energy and power facilities are placing on sustainability.
Energy Storage System
Control and Monitoring System
Middle East & Africa
Due to a number of variables, including high energy consumption brought on by the existence of numerous industries including the automotive, aerospace, chemical, and healthcare, North America dominated the market and accounted for over 30.0% of worldwide revenue in 2020. The industrial, commercial, and residential sectors have a strong need for services including demand charge management, energy arbitrage, black start, and peak load. In order to ensure a consistent energy supply and prevent blackouts, industrialists use energy storage services rather than investing in energy storage equipment.
Honeywell International Inc.
ENGIE Storage Services NA LLC
Customized Energy Solutions Ltd.
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Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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