Mobile Energy Storage Systems Market to Reach the Value of US$ 13 Bn by 2031: TMR Study
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.
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Mobile Energy Storage Systems Market – Key Findings of the Report
Mobile Energy Storage Systems Market – Growth Drivers
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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 developmentprojects 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.
Mobile Energy Storage Systems Market: Segmentation
Mobile Energy Storage Systems Market, by Capacity
Mobile Energy Storage Systems Market, by Classification
Mobile Energy Storage Systems Market, by Battery Type
Mobile Energy Storage Systems Market, by System
Mobile Energy Storage Systems Market, by Application
Mobile Energy Storage Systems Market, by Region
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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 firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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