Mobile Energy Storage Market - Global Forecast to 2030
Mobile energy storage systems are rechargeable battery systems that store energy from solar arrays or the electric grid and provide that energy to commercial & industrial (C&I), utility, and residential sectors. The batteries in these systems generally have long life cycles, making them well-suited for supplying continuous power. Mobile energy storage systems are rightly considered as an operational resilience enhancement strategy to provide localized emergency power during outages. Mobile energy storage can provide backup power for critical facilities in storm-prone areas and meet temporary additional power generation requirements for large events.
Based on systems, the mobile energy storage market is categorized into trailer-mounted and standalone container. Trailer-mounted systems are trucks or vehicles that carry energy storage systems and travel to provide on-demand services in a specific area or during natural disasters. Standalone containers are transported on a contract basis for a short period. These containers are fully charged and transported to a specific location where there is need for power, such as a mining or construction site or temporary electric vehicle charging stations.
The mobile energy storage market is categorized into portable solutions and plug & play solutions. Portable renewable energy storage solutions are self-contained devices that use renewable energy sources such as solar or wind power. These systems do not require external fuel, which reduces costs, weight load, and cargo space. Plug & play solution is non-polluting, cost-effective, and needs less maintenance. Power for construction sites, outdoor events, on-demand electric vehicle charging, and disaster relief are among the target applications.
Based on software, the mobile energy storage market is categorized into battery, energy, and fleet management system. The battery management system (BMS) requires an effective monitoring and control system to detect anomalies by continuously monitoring system variables such as voltage, current, state-of-charge (SOC), and temperature. The energy management system helps view battery performance statistics, change configuration settings, and check that all data is propagating correctly through the system. The fleet management system will determine the best geographical and time deployment for the fleet to maximize the benefits.
The mobile energy storage market based on technology is categorized into lithium-ion, lead-acid, sodium-based, and others. Lithium-ion batteries are highly demanded due to their declining costs and low environmental impact. The decrease in costs is partly because of technology improvements and economies of scale. In mobile applications, lithium-ion batteries are commonly used because of their higher energy density than lead-acid batteries. Sodium-based technologies make use of inexpensive, abundant electrode materials. They also havelonger lifecycle, and can work in harsh conditions.
The mobile energy storage market based on technology power rating is categorized into up-to 100 kW, 100–1,000 kW, and 1,000–5,000 kW. Mobile energy storage systems below 100 kW are primarily suitable for commercial-based storage systems.
Based on end-user, the mobile energy storage market is categorized into commercial & industrial (C&I), residential, and utility. The manufacturing and construction industries have a high power demand, and the mobile energy storage system's portability characteristics make it extremely useful for meeting peak power demand. They reduce the carbon footprint of industries by utilizing renewable energy resources, proving to be highly beneficial. Residential and utility segments get the advantages of mobile energy storage systems during peak shaving and are based on the contracts for a short period. The primary limitation of mobile energy storage systems is their high initial costs.
The global mobile energy storage market can be segmented into the regions: North America, Europe, Asia Pacific, South America, and Middle East & Africa. In North America, utilities are undergoing a significant operational transformation, including decentralization, digitalization, and decarbonization. The US government is encouraging mobile energy storage due to rising environmental concerns and the need to reduce carbon footprints.
The major players operating in the mobile energy storage market include LG Chem (South Korea), Panasonic Holdings Corporation (Japan), Power Edison (US), Renewable Energy Systems Ltd. (UK), Greener Engineering Inc. (US), NEC Energy Solutions (US), NRG Energy (US), Amperex Technology (China), Boston Power (US), China Aviation Lithium Battery (China), EnerSys (US), GE Energy Storage (France), xelectrix Power GmbH (Austria), ABB (Switzerland), MOBILE ENERGY TECHNOLOGY CO. LTD. (China), Brednoord (Netherlands).
Key Questions Addressed by the Report
Frequently Asked Questions (FAQs)
- What is the current size of the mobile energy storage market?
- What are the major drivers for the mobile energy storage market?
- Which is the largest segment by systems type during the forecasted period in the mobile energy storage market?
- Which is the fastest-growing region in the mobile energy storage market during the forecasted period?
- What are the trends that could be witnessed over the next five years?
- Which end-user sector segments will have the maximum growth opportunity during the forecast period?
- What will be the revenue pockets for the mobile energy storage market in the next five years?
TABLE OF CONTENTS
1 INTRODUCTION
1.1. OBJECTIVE OF THE STUDY
1.2. MARKET DEFINITION
1.2.1. MARKET SCOPE
1.2.2. YEARS CONSIDERED IN THE REPORT
1.3. CURRENCY
1.4. STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1. RESEARCH DATA
2.1.1. SECONDARY DATA
2.1.1.1. KEY DATA FROM SECONDARY SOURCES
2.1.2. PRIMARY DATA
2.1.2.1. KEY DATA FROM PRIMARY SOURCES
2.1.2.2. KEY INDUSTRY INSIGHTS
2.1.2.3. BREAKDOWN OF PRIMARY INTERVIEWS
2.2. MARKET SIZE ESTIMATION
2.2.1. BOTTOM-UP APPROACH
2.2.2. TOP-DOWN APPROACH
2.3. DATA TRIANGULATION
2.3.1. MOBILE ENERGY STORAGE MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
2.4. LIMITATIONS
2.5. ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1. INTRODUCTION
5.1.1. MARKET DYNAMICS
5.1.2. DRIVERS
5.1.3. RESTRAINTS
5.1.4. OPPORTUNITIES
5.1.5. CHALLENGES
5.2. IMPACT OF COVID-19
5.3. TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES TECHNOLOGY ANALYSIS
5.4. MOBILE ENERGY STORAGE MARKET: SUPPLY CHAIN ANALYSIS
5.5. MARKET MAP
5.6. TECHNOLOGY ANALYSIS
5.7. PATENT ANALYSIS
5.8. KEY CONFERENCES & EVENTS IN 2022–2023
5.9. MOBILE ENERGY STORAGE MARKET: REGULATIONS
5.9.1. REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
5.10. PORTER’S FIVE FORCES ANALYSIS
5.11. KEY STAKEHOLDERS & BUYING CRITERIA
5.11.1. KEY STAKEHOLDERS IN THE BUYING PROCESS
5.11.2. BUYING CRITERIA
5.12. CASE STUDY ANALYSIS
6 MOBILE ENERGY STORAGE MARKET, BY SYSTEMS
6.1. INTRODUCTION
6.2. TRAILER-MOUNTED
6.3. STANDALONE CONTAINER
7 MOBILE ENERGY STORAGE MARKET, BY SOLUTIONS
7.1. INTRODUCTION
7.2. PORTABLE SOLUTION
7.3. PLUG & PLAY SOLUTION
8 MOBILE ENERGY STORAGE MARKET, BY SOFTWARE
8.1. INTRODUCTION
8.2. BATTERY MANAGEMENT
8.3. ENERGY MANAGEMENT
8.4. FLEET MANAGEMENT
9 MOBILE ENERGY STORAGE MARKET, BY TECHNOLOGY
9.1. INTRODUCTION
9.2. LITHIUM-ION
9.3. LEAD-ACID
9.4. SODIUM-BASED
9.5. OTHERS
10 MOBILE ENERGY STORAGE MARKET, BY POWER RATING
10.1. INTRODUCTION
10.2. UP TO 100 KW
10.3. 100 – 1,000 KW
10.4. 1,000 – 5,000 KW
11 MOBILE ENERGY STORAGE MARKET, BY END-USER
11.1. INTRODUCTION
11.2. COMMERCIAL & INDUSTRIAL
11.3. UTILITY
11.4. RESIDENTIAL
12 MOBILE ENERGY STORAGE MARKET, BY REGION
(USD Million - 2020, 2021, 2022-e, 2030-f)
12.1. INTRODUCTION
12.2. ASIA PACIFIC
12.2.1. BY SYSTEMS
12.2.2. BY SOLUTIONS
12.2.3. BY SOFTWARE
12.2.4. BY TECHNOLOGY
12.2.5. BY POWER RATING
12.2.6. BY END-USER
12.2.7. BY COUNTRY
12.3. EUROPE
12.3.1. BY SYSTEMS
12.3.2. BY SOLUTIONS
12.3.3. BY SOFTWARE
12.3.4. BY TECHNOLOGY
12.3.5. BY POWER RATING
12.3.6. BY END-USER
12.3.7. BY COUNTRY
12.4. NORTH AMERICA
12.4.1. BY SYSTEMS
12.4.2. BY SOLUTIONS
12.4.3. BY SOFTWARE
12.4.4. BY TECHNOLOGY
12.4.5. BY POWER RATING
12.4.6. BY END-USER
12.4.7. BY COUNTRY
12.5. SOUTH AMERICA
12.5.1. BY SYSTEMS
12.5.2. BY SOLUTIONS
12.5.3. BY SOFTWARE
12.5.4. BY TECHNOLOGY
12.5.5. BY POWER RATING
12.5.6. BY END-USER
12.5.7. BY COUNTRY
12.6. MIDDLE EAST & AFRICA
12.6.1. BY SYSTEMS
12.6.2. BY SOLUTIONS
12.6.3. BY SOFTWARE
12.6.4. BY TECHNOLOGY
12.6.5. BY POWER RATING
12.6.6. BY END-USER
12.6.7. BY COUNTRY
13 COMPETITIVE LANDSCAPE
13.1. OVERVIEW
13.2. MARKET EVALUATION FRAMEWORK
13.3. SHARE ANALYSIS OF KEY PLAYERS, 2021
13.4. SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2016-2021
13.5. RECENT DEVELOPMENTS
13.6. COMPETITIVE LEADERSHIP MAPPING
14 COMPANY PROFILE
14.1. LG CHEM
14.1.1. BUSINESS OVERVIEW
14.1.2. SERVICES OFFERED
14.1.3. RECENT DEVELOPMENTS
14.1.4. MNM VIEW
14.2. PANASONIC HOLDINGS CORPORATION
14.3. POWER EDISON
14.4. GREENER ENGINEERING INC.
14.5. RENEWABLE ENERGY SYSTEMS LTD.
14.6. NEC ENERGY SOLUTIONS
14.7. NRG ENERGY
14.8. AMPEREX TECHNOLOGY
14.9. BOSTON POWER
14.10. CHINA AVIATION LITHIUM BATTERY
14.11. ENERSYS
14.12. GE ENERGY STORAGE
14.13. XELECTRIX POWER GMBH
14.14. MOBILE ENERGY TECHNOLOGY CO. LTD.
14.15. BREDENOORD
14.16. NOMAD TRANSPORTABLE POWER SYSTEMS (NOMAD)
14.17. BIENNO POWER
14.18. ESS INC.
15 Appendix
15.1. INSIGHTS OF INDUSTRY EXPERTS
15.2. DISCUSSION GUIDE
15.3. RELATED REPORT
15.4. AUTHOR DETAILS
* Additional Segments, Countries and Companies may be added during the course of the study
*Company revenues will be provided for three years (including the base year). The base year used for company profiles will be 2021. Wherever information is unavailable for the base year, the previous year data will be considered.
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
Growth opportunities and latent adjacency in Mobile Energy Storage Market