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
Global Advanced Battery Pack Revenue for Traction and Propulsion Energy in Drones Expected to Reach $225 Million by 2026
Advanced battery chemistries experiencing price declines are replacing traditional lead-acid batteries and nickel-metal hydride chemistries…
Read More »
Revenue for Utility-Offered IoT Intelligent Building Value-Added Services Expected to Reach up to $1.2 Billion in North America in 2026
Creating new value-added services for commercial customers around IoT will help utilities bridge the gap…
Read More »
Global LED Lamp Shipments Are Expected to Reach Nearly 2 Billion in 2026
LED uptake in the commercial segment is outpacing adoption in the residential and industrial segments…
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":"8\/18\/2017"}