Commercial and Industrial Energy Storage Market 2019 Global Analysis by Global Infrastructure , Trends, Opportunities and Forecast to 2025

Commercial and Industrial Energy Storage Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025

Commercial and Industrial Energy Storage Market Eyeing Remarkable Growth Due to Supportive Government Schemes

Commercial and Industrial Energy Storage Market 2019

Wiseguyreports.Com adds “Commercial and Industrial Energy Storage Market 2019 Global Key Players Analysis, Share, Trends, Future Opportunities and Forecast to 2025” To Its Research Database.

Report Summary:

The commercial & industrial sector is widely adopting renewable sources of power generation for self-consumption such as wind and solar energy. The consumers in this industry are aware that energy costs are likely to impact their bottom line significantly. Energy storage enables them in managing their energy costs by providing them control over when they use grid power, safeguarding them from variable energy rates and demand charges to offer substantial savings. Moreover, energy storage will also offer critical backup power for the commercial and industrial facility, prevent lost revenue from production, as well as, costly equipment damage. Pairing renewable sources with commercial energy storage will allow businesses to maximize their use of such intermittent sources through excess energy storage while it is produced and utilizing the same when needed.

The Leading key players covered in this study 
BYD 
EnerSys 
NGK 
GE 
Saft 
SANER Group 
Eaton 
LG 
ABB 
Siemens

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There are several factors that are propelling the growth of the commercial and industrial energy storage market. These factors include increasing renewable energy sector, improving energy storage economics, supportive government schemes and policies, and growing demand for wind energy, solar energy, and hydropower. Energy storage has substituted traditional energy sources in the last couple of years due to cost advantages related to these systems. Pollution and poor power quality related to traditional sources of energy are boosting the demand for energy storage, and this trend is predicted to continue in the years to come.

On the contrary, high installation cost, high capital cost for energy storage technology development, and ambiguity in EU legislation associated to the energy storage system are compelling the network operators against refraining from utilizing the ESS.

The commercial & industrial energy storage market has been segmented on the basis of type and application.

Based on type, the commercial and industrial energy storage market is segmented into flywheel energy storage and thermal energy storage. Of these, the thermal energy storage segment will have the largest share in the market.

Based on application, the commercial and industrial energy storage market is segmented into transportation, oil and gas, engineering and construction, healthcare, manufacturing, and others.

Based on the region, the commercial and industrial energy storage market covers the latest trends and growth opportunities across Europe, North America, Japan, and China. Of these, the APAC region will remain at the forefront. This is on account of the burgeoning demand for commercial and industrial energy storage from China, Japan, India, and South Korea. Moreover, significant capacity additions due to increased energy demand are also pushing market growth.

The commercial & industrial energy storage market in North America is predicted to have substantial growth. This is owing to increasing government funding, increasing grid-scale projects due to peak demand management, increasing adoption of electric cars, and strict government regulations in France and Germany for minimizing pollution levels. The US is the key contributor in this region owing to the presence of several players and increasing adoption of new technologies. Moreover, the US has adopted various policies and regulations to curb pollution levels.

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July 2019: Dynapower, leading energy storage system provider has joined hands with Lease Corporation of America, to provide financing to energy storage system buyers and system integrators. This latest energy storage financing will cover the purchase of the equipment, installation, training cost, and commissioning. The partnership aims to make the energy storage financing simpler for commercial & industrial facility owners.

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