The increase in applications in the residential sector strengthens the demand within the global market for mobile energy storage systems
The growing demand for electric vehicle charging stations boosts the growth trajectory of the market
WILMINGTON, Del., Nov. 24, 2022 /PRNewswire/ — The Global Market for mobile energy storage systems it is estimated to advance at a CGAR of 10.6% from 2022 to 2031. In 2021, the market was valued at 4.8 billion US dollars. The growing demand for mobile and transportable energy solutions from construction sites located in remote locations, as well as outdoor events help in expanding the market size of mobile energy storage systems. Some of the major applications of mobile energy storage include industrial, commercial and residential applications.
Modern and next-generation mobile energy storage systems offer a resilient, reliable and cost-effective method of facilitating energy in remote locations where stable connections are not available. They offer countless advantages over various stationery energy storage systems. In addition, the growing demand for stable energy connections in the event of severe weather conditions, such as tornadoes, hurricanes, heavy rain or snowfall, and floods, is also driving the demand for affordable and reliable mobile energy storage solutions and vehicles.
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Mobile Energy Storage Systems Market: Key Findings of the Report
Growing investments in the renewable energy generation sector: The growing demand for energy storage mobile vehicles can be attributed to the growing investments made by public and private actors in the field of renewable energy generation. For example, according to Bloomberg NEF, the total amount of investments made by players around the world in the renewable energy sector is huge 226 billion US dollars only in the first six months of 2022. This growing number of investments is expected to have a positive impact on market growth.
Mobile Energy Storage System Market: Growth Drivers
Increasing demand for energy around the world strengthens the growth of the mobile energy storage market
The growing number of investments aimed at expanding the renewable energy sector presents useful incremental opportunities in the market
The reduction in the cost of accumulators supports the growth of the market.
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Mobile Energy Storage Systems Market – Key Players
Some of the leading mobile energy storage system companies are Greener Power Solutions, Renewable Energy Systems Ltd., Socomec, Delta Electronics, Aggreko, Power Edison, Quanta Technology, Nomad Transportable Power System, Hamedata Technology, NEC Corporation, and Jauch Quartz America, Inc. . The presence of a relatively small number of leading players and companies makes the competitive landscape of the market quite consolidated.
Major players in the industry focus on adopting R&D designs in an effort to develop next generation advanced, portable and efficient energy storage systems and equipment. Additionally, a substantial number of industry players and stakeholders focus on adopting other strategies, such as mergers and acquisitions and new product launches to attract more customers and improve their regional footprint.
Mobile Energy Storage System Market: Regional Growth Assessment
regional, North America accounted for the largest share of the global market in 2021. The North America The mobile ESS market accounted for a whopping 28.6% share in 2021. Studies predict that this number is expected to increase and account for 29% of the total industry share by 2031. Similarly, Asia Pacific the region accounted for a 28.4% share in 2021. However, the region is projected to overtake to become the top regional market for mobile ESS, accounting for a total share of 30.5% by 2031. Compared to these two regions, Middle East And Africaas well as Latin America the regions are expected to experience slow growth in the global market over the next decade. In 2021, these two regions collectively accounted for 18% of the global market share.
Mobile Energy Storage Systems Market: Segmentation
Mobile Energy Storage System Market, by capacity
Below 3,000 kWh
Over 10,000 kWh
Mobile Energy Storage System Market, by classification
Mobile Energy Storage System Market, by battery type
Mobile Energy Storage System Market, from System
Mobile Energy Storage System Market, by application
Mobile Energy Storage System Market, by Region
Middle East & Africa
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