- Rising applications in residential sector bolsters demand
within the global Mobile Energy Storage Systems Market
- Increasing demand for electric vehicle charging stations
augments the growth trajectory of the market
WILMINGTON, Del., Nov. 24,
2022 /PRNewswire/ -- The Global Mobile Energy
Storage Systems Market is estimated to advance at a CGAR of
10.6% over 2022 to 2031. In 2021, the market was valued at
US$ 4.8 Bn. Increasing demand for
mobile and transportable energy solutions from construction sites
based in remote locations, as well as outdoor events aids in the
expansion of the Mobile Energy Storage Systems Market size. 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 method to facilitate energy in
remote locations where steady connections are unavailable. They
offer innumerable advantages over various stationery energy storage
systems. Furthermore, rising demand for stable energy connections
in cases of harsh weather conditions, such as tornadoes,
hurricanes, heavy rain or snow falls, and floods, is also driving
the demand for cost-effective and reliable mobile energy storage
vehicle and solutions.
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Mobile Energy Storage Systems Market – Key Findings of the
Report
- Growing Investments in Renewable Energy Generation
Sector: The rising demand for mobile energy storage vehicles
can be ascribed to the increasing investments made by public, as
well as private players in the field of renewable energy
generation. For example, according to the Bloomberg NEF, the total
amount of investments done by players across the world in renewable
energy sector is a whopping US$ 226
Bn in just first six months of 2022. This rising number of
investments is anticipated to have a positive impact on the market
growth.
Mobile Energy Storage Systems Market – Growth Drivers
- Surge in the demand for power throughout the world bolsters
growth of the mobile energy storage market
- Increasing number of investments aimed at expanding the
renewable energy sector presents worthwhile incremental
opportunities in the market
- Reduction in the cost of storage batteries propels market
growth.
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Mobile Energy Storage Systems Market – Key Players
Some of the leading mobile energy storage systems companies are
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. Presence of a relatively smaller
number of leading players and companies makes the competitive
landscape of the market somewhat consolidated in nature.
Leading players in the industry are focused on adopting research
and development projects in a bid to develop next-gen advanced,
portable, and efficient energy storage systems and equipment.
Furthermore, a considerable number of industry players and
stakeholders are focused on adopting other strategies, such as
mergers and acquisitions, and new product launches to attract more
customers and enhance their regional footprint.
Mobile Energy Storage Systems Market: Regional Growth
Assessment
Regionally, North America
accounted for the largest share of the global market in 2021. The
North America mobile ESS market
accounted for a whopping share of 28.6% in 2021. Studies predict
that this number is anticipated to rise and account for 29% of
total industry share by 2031. Similarly, Asia Pacific region accounted for a share of
28.4% in 2021. However, it is projected that the region will
surpass 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
Africa, as well as Latin America regions are anticipated to
register sluggish growth in the global market over the next decade.
In 2021, these two regions collectively accounted for total of 18%
of the global market share.
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Mobile Energy Storage Systems Market: Segmentation
Mobile Energy Storage Systems Market, by Capacity
- Below 3,000 KWh
- 3,000-10,000 KWh
- Above 10,000 KWh
Mobile Energy Storage Systems Market, by
Classification
- Towable Systems
- Float-in
- Others
Mobile Energy Storage Systems Market, by Battery Type
- Lithium-ion
- Lead-acid
- Nickel-cadmium
- Others
Mobile Energy Storage Systems Market, by System
Mobile Energy Storage Systems Market, by Application
- Commercial
- Industrial
- Residential
Mobile Energy Storage Systems Market, by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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