The Li-Ion batteries uses a number of different materials as electrodes. The most common combination is that of lithium cobalt oxide (cathode) and graphite (anode), that is most commonly found in portable electronic devices such as cellphones and laptops. The growing demand from population and economic development across the globe combined with rising energy demand among residential, commercial and public services, and transport sector, drives the market growth over the coming years. In addition, the growing consumer demand along with technological development and advancement are the key factors driving the market outlook over the projected period.
MARKET SCOPE
The "Global Li-Ion Mobile Energy Storage System Market Analysis to 2028" is a specialized and in-depth study of the energy storage with a special focus on the global market trend analysis. The report aims to provide an overview of the Li-Ion mobile energy storage system market with detailed market segmentation by type, application and geography. The report provides key statistics on the market status of the leading Li-Ion mobile energy storage system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented into 20-30 Kilowatts, 30-100 Kilowatts, and 100-400 Kilowatts
- On the basis application, the market is segmented as smart grid, storage of renewable energy, and local energy generation
MARKET DYNAMICS
Drivers:
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o Growing consumer demand drives the market growth
o Technological development and advancement will further augment the market growth
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o High initial cost of mobile energy storage system restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The Li-Ion mobile energy storage system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the Li-Ion mobile energy storage system market in these regions.
IMPACT OF COVID-19 ON LI-ION MOBILE ENERGY STORAGE SYSTEM MARKET
The emergence of the COVID-19 has severely impacted the power industry which have further impacted the energy storage systems market, which resulted decline in the market in the year 2020. The pandemic severely impacted the manufacturing of energy storage systems in countries such as China, Japan and Germany. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities which has further negatively impacted energy storage systems. The limited availability of components and raw material for manufacturing the mobile energy storage system due to the pandemic is a major problem that affects the market growth. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period.
MARKET PLAYERS
The report covers key developments in the Li-Ion mobile energy storage system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the Li-Ion mobile energy storage system market are anticipated to provide lucrative growth opportunities in the future owing to growing demand for energy storage system.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Li-Ion mobile energy storage system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Samsung SDI
- Renewable Energy Systems
- LG Chem Co. Ltd.
- PowerTech Systems
- Saft Groupe S.A
- EnerSys
- AES Energy Storage
- NEC ENERGY SOLUTIONS
- Shenzhen Smart Li-Ion Power Battery Limited
- CALB USA Inc.