- Increasing applications in the residential sector are driving demand in the global market for mobile energy storage systems
- The increasing demand for charging stations for electric vehicles reinforces the growth trajectory of the market
Wilmington, Del., November 24, 2022 /PRNewswire/ — The Global Mobile Energy Storage Systems Market is estimated to have a CGAR of 10.6% from 2022 to 2031. In 2021 the market was rated with $4.8 billion. The increasing demand for mobile and transportable energy solutions from construction sites in remote locations as well as outdoor events is contributing to the expansion of the mobile energy storage system market. Some of the key mobile energy storage applications include industrial, commercial, and residential.
Modern and next-generation mobile energy storage systems offer a resilient, reliable and affordable way to provide energy in remote locations where permanent connections are not available. They offer countless advantages over various stationary energy storage systems. Additionally, the increasing demand for stable energy connections during harsh weather conditions such as tornadoes, hurricanes, heavy rain or snow, and flooding is driving the demand for cost-effective and reliable mobile energy storage vehicles and solutions.
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Mobile Energy Storage Systems Market – Main Findings of the Report
- Growing investment in renewable energy production: The increasing demand for mobile energy storage vehicles is due to the increasing investments by public but also private actors in the field of renewable energy production. For example, according to Bloomberg NEF, the total amount of investment made by players around the world in the renewable energy space is huge $226 billion in just the first six months of 2022. This increasing number of investments is expected to have a positive impact on the market growth.
Mobile Energy Storage Systems Market – Growth Drivers
- The global increase in energy demand is fueling the growth of the mobile energy storage market
- The increasing number of investments aimed at expanding the renewable energy sector offers worthwhile additional opportunities in the market
- Reducing the cost of storage batteries drives the market growth.
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Mobile Energy Storage Systems Market – Major Players
Some of the leading mobile energy storage system companies include Greener Power Solutions, Renewable Energy Systems Ltd., Socomec, Delta Electronics, Aggreko, Power Edison, Quanta Technology, Nomad Transportable Power System, Hamedata Technology, NEC Corporation, and Jauch Quartz America, Inc. The presence of a relatively small number of leading players and companies makes the competitive landscape of the market somewhat consolidated in nature.
Leading industry players are focused on taking on R&D projects to create advanced, portable and efficient next-generation energy storage systems and devices. Additionally, a significant number of industry players and stakeholders are focused on implementing other strategies, such as: B. Mergers and acquisitions and new product launches to attract more customers and improve their regional footprint.
Mobile Energy Storage Systems Market: Regional Growth Assessment
Regional, North America accounted for the largest share of the world market in 2021 North America The mobile ESS market accounted for a whopping 28.6% share in 2021. Studies predict that this number is expected to grow and account for 29% of the total industry share by 2031. Asia Pacific The region accounted for 28.4% share in 2021. However, the region is forecast to become the leading regional market for mobile ESS, accounting for a total share of 30.5% by 2031. Compared to these two regions, middle East and Africaas well as Latin America The regions are expected to experience sluggish growth of the global market over the next decade. In 2021, these two regions together accounted for 18% of the world market share.
Mobile Energy Storage Systems Market: Segmentation
Mobile Energy Storage Systems Market, by capacity
- Less than 3,000 kWh
- Over 10,000kWh
Mobile Energy Storage Systems Market, by classification
- Towable systems
- swim in
Mobile Energy Storage Systems Market, by battery type
- lithium ion
- lead acid
- nickel cadmium
Mobile Energy Storage Systems Market, by system
Mobile Energy Storage Systems Market, after application
Mobile Energy Storage Systems Market, by region
- North America
- Latin America
- Asia Pacific
- middle East & Africa
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Transparency Market Research, a global market research company, registered at Wilmington, Delaware, United States, provides custom research and consulting services. The company examines factors that shape the dynamics of demand in different markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, distribution channel and end use are analyzed which will drive the growth of the markets over the next decade.
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