Mobile Energy Storage System Market Scope
Growth in the market is anticipated to be fuelled by the rising popularity of mobile energy storage systems to satisfy the rising demand for energy and key features of the product. A localizable, transportable storage system that offers a range of utility services is referred to as a mobile energy system. Load levelling, load shifting, losses reduction, energy arbitrage, and a mess is also managed for voltage management in frail grids are among the services offered. A single storage unit can perform the functions of numerous stationary units located at various locations thanks to MESS mobility. A single storage unit can perform the functions of multiple stationary units at various locations due to MESS mobility. At dedicated substations for buses known as MESS stations, the MESS is connected to the grid.
|Unit||Value (USD Million)|
|Key Companies Profiled||Fluence (United States), BYD Motors Inc. (China), Panasonic (Japan), LG Energy Solution (South Korea), Hitachi Energy (Switzerland), Samsung SDI Co., Ltd. (South Korea), Johnson Controls (Ireland), Toshiba Corporation (Japan), GS Yuasa International Ltd. (Japan), Shenzhen Bak Power Battery Co.,Ltd. (China), SimpliPhi Power (United States), Mitsubishi Power (Japan), Eaton (Ireland), AES Corporation (United States) and General Electric Company (United States)|
The market for the Mobile Energy Storage Systems is highly competitive and dominated by few key player. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Mobile Energy Storage System market throughout the predicted period.
Fluence (United States), BYD Motors Inc. (China), Panasonic (Japan), LG Energy Solution (South Korea), Hitachi Energy (Switzerland), Samsung SDI Co., Ltd. (South Korea), Johnson Controls (Ireland), Toshiba Corporation (Japan), GS Yuasa International Ltd. (Japan), Shenzhen Bak Power Battery Co.,Ltd. (China), SimpliPhi Power (United States), Mitsubishi Power (Japan), Eaton (Ireland), AES Corporation (United States) and General Electric Company (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Siemens (Germany), Amphenol Corporation (United States), Lockheed Martin (United States), NEC Corporation (Japan) and AEG Power Solutions (The Netherland).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Mobile Energy Storage System market by Type , by Application (Residential, Commercial, Industrial and Others) and Region with country level break-up.
On the basis of geography, the market of Mobile Energy Storage System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesOn February 2022, In order to broaden its portfolio of Energy Storage System (ESS) products, LG Energy Solution recently announced the completion of its acquisition of NEC Energy Solutions, a grid battery integrator based in the United States. The parent company of NEC Energy Solutions, NEC Corporation, with its headquarters in Japan, has completely sold all of its shares to the battery maker. With the agreement, LGES will create a new firm called LG Energy Solution Vertech. Inc. and On September 2021, SimpliPhi Power, a California-based manufacturer of energy storage and management solutions that store solar, grid, and wind power for later use by residential, business, and industrial users, has been purchased by Briggs & Stratton, the company announced today. Briggs & Stratton will extend its business to offer a wide range of products that provide secure, dependable, and reasonably priced energy solutions to a larger number of customers in this quickly increasing market through this acquisition
On August 2022, The U.S.-based battery manufacturer KORE Power founded Nomad Transportable Power Systems ("NOMAD"), which recently unveiled a portfolio of mobile energy storage systems (units) that can disrupt industries dominated by fossil fuels by removing common adoption barriers like cost, siting, and installation. NOMAD unveiled three of the portfolio's units: The Traveller (2 MWh), A Voyager (1.3 MWh), A Rover (660 kWh)
Influencing Trend:Global movement toward renewables is the key trend driving the market growth and Desire for self-sufficiency propels the market forward
Market Growth Drivers:Increase in the demand for high energy storage systems for load shifting drives the market growth and Increase in small and medium-sized organisations boost the market growth
Challenges:The market's growth is constrained by the difficulty of establishing battery energy storage devices in rural locations and developing nations
Restraints:High capital investment hampers the market growth
Opportunities:Increased rural electrification projects around the world give profitable growth prospects and Finical incentive offered by the government creates tremendous growth opportunities for the market
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others