Market Data: Energy Storage for Microgrids

Advanced Batteries and Flywheels for Grid-Tied and Remote Microgrid Applications: Global Market Analysis and Forecasts

Although not required for microgrids to operate, energy storage systems (ESSs) have emerged as an increasingly valuable component of these distributed energy networks. Microgrids are typically centered around generators providing solely electricity or combined heat and power (CHP) that often run on natural gas or diesel. The addition of variable renewable generation, namely solar PV and wind, into microgrids is the primary driver of interest in ESSs. While an ESS can provide benefits by reducing fuel consumption, the ability to effectively integrate renewable generation is the key benefit provided by ESSs for microgrids.

Interest in energy storage-enabled microgrids is growing throughout the industry from many stakeholders. Several major drivers are encouraging the growth of energy storage-enabled microgrids globally, including the desire to improve the resilience of the power supply, the need to expand reliable electricity service to new areas, rising electricity prices, and innovations in business models and financing. Such innovations will likely play a key role in the expansion of the energy storage for microgrids (ESMG) market during the coming years. The most successful companies in this industry will be those that can unlock the potential of these new models to reduce the risk and upfront costs to customers. According to Navigant Research, global ESMG power capacity is expected to grow from 238.4 MW in 2017 to 3,291.8 MW in 2026.

This Navigant Research report outlines the key market drivers and barriers within the global ESMG market. The study provides an analysis of specific trends and market dynamics for each major world region to illustrate how different markets are taking shape. Global ESMG forecasts for capacity and revenue, segmented by region, technology, and market segment, extend through 2026. The report also briefly examines the major technology issues related to ESSs for microgrids.

Key Questions Addressed:
  • What are the key drivers in the market for energy storage for microgrids (ESMG)?
  • Which regional markets for ESMG will be the largest through 2026?
  • What are the major challenges related to ESMG?
  • Which microgrid market segments will see the strongest growth in the next 10 years?
  • What storage technologies will be the most widely utilized for microgrid applications?
Who needs this report?
  • Energy storage/battery component suppliers
  • Energy storage project developers
  • Microgrid project developers and owners
  • Microgrid hardware and software suppliers
  • Microgrid financiers
  • Utilities and grid operators
  • Government agencies
  • Investor community

Table of Contents

1. Executive Summary

1.1   Market Overview

1.2   Market Forecasts

2. Market Issues

2.1   Market Introduction

2.2   Technology Issues

2.3   Market Drivers

2.4   Market Barriers

2.5   Regional Market Trends

2.5.1   North America

2.5.2   Europe

2.5.3   Asia Pacific

2.5.4   Latin America

2.5.5   Middle East & Africa

3. Market Forecasts

3.1   Methodology and Assumptions

3.2   Forecasts by Region

3.3   Forecasts by Market Segment

3.4   Forecasts by Technology

3.5   Conclusions and Recommendations

4. Acronym and Abbreviation List
5. Table of Contents
6. Table of Charts and Figures
7. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Percentage of Installed Microgrid Power Capacity in Projects Including Energy Storage by Market Segment, World Markets: 4Q 2015-2Q 2017
  • Installed Microgrid Power Capacity and Energy Storage for Microgrids Power Capacity by Region, World Markets: 3Q 2017
  • Installed Microgrid Power Capacity by Market Segment and Region, World Markets: 3Q 2017
  • Annual Installed Energy Storage for Microgrids Power Capacity by Region, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Market Segment, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Technology, World Markets: 2017-2026

List of Tables

  • Diesel Fuel Prices by Country, Top 20 Most Expensive Countries: 3Q 2017
  • Diesel Fuel Prices in Select Island Countries, Top 20 Most Expensive Countries: 3Q 2017
  • Details on Notable Recent and Ongoing Grid Access and Expansion Projects Worldwide
  • Installed Microgrid Power Capacity and Energy Storage for Microgrids Power Capacity by Region, World Markets: 2Q 2017
  • Installed Microgrid Power Capacity by Market Segment and Region, World Markets: 2Q 2017
  • Percentage of Installed Microgrid Power Capacity in Projects Including Energy Storage by Market Segment, World Markets: 4Q 2015-2Q 2017
  • Energy Storage System Performance Characteristics by Technology
  • Annual Installed Energy Storage for Microgrids Power Capacity by Region, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Market Segment, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Technology, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Region, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Market Segment, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Technology, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Region, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Market Segment, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Technology, World Markets: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Technology and Market Segment, North America: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Technology and Market Segment, North America: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Technology and Market Segment, North America: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Technology and Market Segment, Western Europe: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Technology and Market Segment, Western Europe: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Technology and Market Segment, Western Europe: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Technology and Market Segment, Eastern Europe: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Technology and Market Segment, Eastern Europe: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Technology and Market Segment, Eastern Europe: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Technology and Market Segment, Asia Pacific: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Technology and Market Segment, Asia Pacific: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Technology and Market Segment, Asia Pacific: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Technology and Market Segment, Latin America: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Technology and Market Segment, Latin America: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Technology and Market Segment, Latin America: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Technology and Market Segment, Middle East: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Technology and Market Segment, Middle East: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Technology and Market Segment, Middle East: 2017-2026
  • Annual Installed Energy Storage for Microgrids Power Capacity by Technology and Market Segment, Africa: 2017-2026
  • Annual Installed Energy Storage for Microgrids Energy Capacity by Technology and Market Segment, Africa: 2017-2026
  • Annual Installed Energy Storage for Microgrids Deployment Revenue by Technology and Market Segment, Africa: 2017-2026

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