Cumulative Vendor Revenue for Energy Storage Software is Expected to Total $16.2 Billion from 2016 to 2025

Energy storage software platforms can help overcome industry barriers by accurately modeling optimal system specifications and operating characteristics

A new report from Navigant Research examines the global market for energy storage systems (ESSs) with a focus on aggregation, asset management, and grid services, providing forecasts for software vendor revenue through 2025 for seven major world regions.

As the energy storage industry matures, ESSs will be required to provide a number of different services depending on grid and market conditions. Software platforms are emerging as an option to provide the sophisticated analytical and system control capabilities that ensure an ESS maintains peak performance for as long as possible. Click to tweet: According to a new report from @NavigantRSRCH, cumulative vendor revenue for energy storage software is expected to total $16.2 billion from 2016 to 2025.

“Two of the major barriers to the energy storage industry’s growth are high upfront costs for systems and the lack of knowledge among potential customers about the benefits of the technology,” says Alex Eller, research analyst with Navigant Research. “Software platforms can help overcome both barriers by accurately modeling optimal system specifications, operating characteristics, and potential return on investment.”

According to the report, these capabilities can reduce costs by streamlining installation and avoiding the chance of using an improperly designed system. In addition, ESS software helps customers and other stakeholders understand what is possible, how an ESS can solve the problems they face, and what level of return on investment to expect.

The report, Energy Storage Software: Aggregation, Asset Management, and Grid Services, analyzes the global market for ESSs, with a focus on aggregation, asset management, and grid services. The report examines the business models and pricing strategies for software vendors across the three major grid-tied energy storage market segments: utility-scale, commercial and industrial (C&I), and residential. Global market forecasts of software vendor revenue for both upfront system deployment and annual platform access/maintenance fees are provided through 2025 for all seven major world regions. The report also examines the key technologies related to ESSs, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

lindsay.funicello.paul@navigant.com

* The information contained in this press release concerning the report, Energy Storage Software: Aggregation, Asset Management, and Grid Services, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Data Services

An interactive data visualization platform with online access to global forecasts spanning the energy, utility, transportation, and buildings industries.

More Information

Research News

Rss
The Global Annual Smart City Services Market is Expected to Exceed $225 Billion by 2026
Cities need private sector expertise, technology investment, and service innovation in order to meet the…
Read More »
Global Annual Volt/VAR Control and Optimization Revenue Expected to Reach Nearly $769 Million in 2026
North America represents the largest market for software-based, centralized Volt/VAR control and optimization solutions A…
Read More »
Global Residential Connected Lighting Revenue is Expected to Exceed $1.9 Billion in 2026
Residential connected lighting market shows significant potential as adoption of smart home platforms increases A…
Read More »
View All News

{"userID":"","pageName":"Cumulative Vendor Revenue for Energy Storage Software is Expected to Total $16.2 Billion from 2016 to 2025","path":"\/newsroom\/cumulative-vendor-revenue-for-energy-storage-software-is-expected-to-total-16-2-billion-from-2016-to-2025","date":"4\/26\/2017"}