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Mobile energy storage system market to reach $13 billion by 2031: TMR study

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  • Growing applications in the residential sector are fueling demand in the global mobile energy storage market

  • The increasing demand for electric vehicle charging stations is driving the growth path of the market

WILMINGTON, Del., Nov. 24, 2022 /PRNewswire/ — The Global Market for mobile energy storage systems It is expected to continue growing at a CGAR of 10.6% from 2022 to 2031. In 2021, the market was valued at US$4.8 billion. The growing demand for mobile and transportable energy solutions from remote location construction sites and remote events are helping to expand the market size of mobile energy storage systems. Some of the main applications for mobile energy storage are industrial, commercial and residential applications.

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Modern and advanced mobile energy storage systems provide a flexible, reliable and cost-effective way to access energy in remote locations where fixed connections are not available. They offer numerous advantages over various stationary energy storage systems. In addition, the increasing demand for stable energy connections during severe weather conditions, such as tornadoes, hurricanes, heavy rain or snowfall and flooding, is also driving the demand for cost-effective and reliable mobile energy storage vehicles and solutions.

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Mobile Energy Storage Systems Market – Key Findings of the Report

  • Increasing investments in the renewable energy generation sectorThe growing demand for mobile energy storage vehicles can be attributed to the increasing investments of public and private companies in the field of renewable energy generation. For example, according to Bloomberg NEF, the total investment amount of players around the world in the renewable energy sector in the first six months of 2022 is $226 billion. This growing number of investments is expected to be positive. Impact on market growth.

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The story continues

Mobile Energy Storage Systems Market – Growth Drivers

  • The rising demand for electricity around the world has led to the growth of the mobile energy storage market

  • An increasing number of investments aimed at expanding the renewable energy sector offers meaningful growth opportunities in the market

  • Reducing the cost of batteries is expected to boost market growth.

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Mobile Energy Storage Systems Market – Key Players

Some leading mobile energy storage system companies include Greener Power Solutions, Renewable Energy Systems Ltd., Socomec, Delta Electronics, Aggreco, Power Edison, Quanta Technology, Nomad Transportable Power Systems, Hamdata Technology, NEC Corporation, and Zauch Quartz America, Inc. presence of leading players and a relatively small number of companies makes the competitive landscape of the market somewhat consolidating in nature.

Industry leading players are focused on conducting research and development projects to develop the next generation of advanced, portable and efficient energy storage systems and devices. In addition, many industry players and stakeholders are focusing on applying other strategies, such as mergers and acquisitions, and new product launches to attract more customers and expand their regional footprint.

Mobile Energy Storage Systems Market: Regional Growth Assessment

Regionally, North America is expected to account for the largest share of the global market by 2021. North America is expected to account for a whopping 28.6% of the mobile ESS market by 2021. The study estimates that this number is expected to grow and account for 29% of the total industry. share by 2031. Similarly, the share of the Asia-Pacific region in 2021 was 28.4%. However, the region is predicted to become the leading regional market for mobile ESS by 2031 with a total share of 30.5%. Compared to these two regions, the regions of the Middle East and Africa, as well as Latin America, are expected to show slow growth in the global market over the next decade. In 2021, these two regions will together account for a total of 18% of the global market.

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Mobile Energy Storage System Market: Segmentation

market for mobile energy storage systems, on capacity

  • under 3,000 kWh

  • 3,000-10,000 kWh

  • above 10,000 kWh

market for mobile energy storage systems, by classification

  • drawn systems

  • drive in

  • other

market for mobile energy storage systems, by battery type

  • lithium ion

  • lead acid

  • nickel cadmium

  • other

market for mobile energy storage systems, per system

market for mobile energy storage systems, by application

  • commercial break

  • industrial

  • Residential

market for mobile energy storage systems, per region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • middle east and africa

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About Transparency Market Research

Transparency Market Research, a global market research firm registered in Wilmington, Delaware, United States, provides tailored research and advisory services. The company examines the factors that determine demand dynamics in different markets. Insights and market outlooks evaluate opportunities across industries. The opportunities in the segments are analyzed based on source, application, demographics, sales channel and end-use, which will determine the growth of the markets in the coming decade.

Our exclusive blend of quantitative forecasting and trend analysis delivers forward-looking insights to thousands of decision makers, powered by experienced teams of analysts, researchers and consultants. The proprietary data sources and various tools and techniques we use always reflect the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research uses rigorous primary and secondary research techniques in all of its corporate reports.

For more research insights on leading industries, visit our YouTube channel – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

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