Global Energy Storage as a Service Market (2021 to 2028) – With Veolia, YSG Solar and Hydrostor, among others – ResearchAndMarkets.com | Business and finance

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DUBLIN – (BUSINESS WIRE) – January 5, 2022–

The global energy storage-as-a-service market size is expected to reach $ 2.7 billion by 2028, according to a new report from the publisher. It is expected to increase at a CAGR of 10.7% from 2021 to 2028.

  • Siemens Energy
  • Veolia
  • Honeywell International Inc.
  • ENGIE Storage Services NA LLC
  • Custom Energy Solutions Ltd.
  • YSG Solar
  • Suntuity
  • Hydrostor Inc.
  • NRStor Inc.

The global market is mainly driven by increasing energy consumption and increasing demand for energy management in the industrial and residential sectors. In addition, the convenience and cost-effectiveness offered by energy storage services attract consumers around the world.

Growing industrialization in emerging countries such as India, Brazil and China is creating significant energy demand, which in turn is expected to drive the market. The ESaaS model offers a variety of services, including ancillary services and energy management services, which help to provide regular electricity supply, prevent blackouts and reduce electricity bills.

In 2020, the market saw a decline in growth due to the coronavirus outbreak. Lockdowns across countries and travel restrictions have affected the market. Various industries and shopping complexes have been closed, resulting in lower demand for services in 2020.

Highlights of the Energy Storage as a Service Market Report

  • By service, the customer energy management services segment held the largest revenue share of over 30.0% in 2020. The ESaaS model is gaining popularity in the industrial, commercial and residential sectors compared to companies of utilities and energy supply. It is used in micro-grid systems
  • The ancillary services segment is expected to grow at the fastest rate during the forecast period. Ancillary services are expected to reduce reliance on fossil fuel generators and shift to renewable and battery-powered energy storage for services such as voltage pick-up, black-start and power regulation. frequency.
  • The utilities end user segment is expected to register the highest growth rate during the forecast period. Decreasing reliance on conventional fossil fuel generators and increasing emphasis on sustainability are among the major factors fueling the growth of the segment
  • Asia-Pacific is expected to become the fastest growing regional market during the forecast period owing to the presence of various untapped markets coupled with increasing energy consumption. China is the largest energy storage-as-a-service market in Asia-Pacific. This is due to the growing industrialization of the region, high energy consumption and growing awareness of renewable energies.

Chapter 1. Methodology and scope

Chapter 2. Executive summary

Chapter 3. Energy Storage as a Service Market Variables, Trends and Scope

3.1. Market lineage outlook

3.1.1. Global Energy as a Service Market

3.2. Market segmentation and scope

3.3. Mapping of penetration and growth prospects

3.4. Industry value chain analysis

3.5. Regulatory framework

3.7. Energy Storage as a Service Market – Market Dynamics

3.7.1. Market Driver Analysis

3.7.2. Analysis of market restrictions

3.8. Business Environment Analysis: Energy Storage as a Service Market

Chapter 4. Impact assessment of COVID-19

4.1. Impact of COVID-19 on the Global Energy Storage as a Service Market

Chapter 5. Energy storage as a service market: service estimations and trend analysis

5.1. Energy storage as a service market: analysis of the movement of services, 2020 and 2028

5.2. Bulk energy services

5.2.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

5.3.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

5.4. Transport infrastructure services

5.4.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

5.5. Distribution infrastructure services

5.5.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

5.6. Customer energy management services

5.6.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

5.7.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

Chapter 6. Energy storage as a service market: end-user estimates and trend analysis

6.1. Energy Storage as a Service Market: Analysis of End User Movements, 2020 and 2028

6.2. Industrial, residential and commercial

6.2.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

6.3.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

Chapter 7. Energy Storage as a Service Market: Regional Estimates and Trend Analysis

Chapter 8. Energy Storage as a Service Market: Competitive Analysis

8.1. Key players, recent developments and their impact on the industry

8.2. Analysis of major transactions and strategic alliances

Chapter 9. Company Profiles

Laura Wood, Senior Press Director

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INDUSTRY KEYWORD: OTHER ENERGY ENERGY

SOURCE: Research and markets

Copyright Business Wire 2022.

PUB: 05/01/2022 07:05 / DISC: 05/01/2022 07:05 AM

Copyright Business Wire 2022.

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