Global Energy Storage in Microgrids Market is segmented on the basis of product type, technology, application, and
region. Energy storage system (ESS) comprise electrochemical battery, super
capacitor, compressed air energy storage, super conducting energy storage,
flywheel energy storage etc. Lithium ion is commonly used because best energy
to weight ratio and slow loss of charge when not in use. ESS stores energy at
the time of surplus and re-dispatches it when needed.
ESS plays important role in Microgrid.
Sizing of ESS to be considered first when considering ESS in Microgrid. It
increases the reliability of power system. Energy storage smooths out
fluctuations in the grid and decouples generation and consumption. Energy
independence and power quality are key benefits that are driving the increased
attention to microgrids. A Microgrid is a local energy network that offers
integration of distributed energy resources (DER) with local elastic loads,
which can operate in parallel with the grid or in an intentional island mode to
provide a customized level of high reliability and flexibility to grid
disturbances. The advanced integrated distribution system addresses the need
for application in locations with electric supply and/or delivery constraints,
in remote sites, and for protection of critical loads and economically
sensitive development.
Energy Storage in Microgrids Market is
classified, by product typeadvanced lead-acid batteries, flywheel, sodium-metal
halide, flow batteries (All-vanadium flow battery, Zinc-bromine flow battery),
and advanced Li-ion batteries. The advanced lead-acid batteries segment is
expected to be the largest market segment during the predicted period. It is
expected to account for maximum market share over the predicted period and this
is mainly due to the factors like its low cost and mature commercialization.
Energy Storage in Microgrids Market is
classified bytechnology into Energy Security, Power Quality, and Energy Management.
Energy Storage in Microgrids Market is classified, by application, into
Military Base Microgrids, Commercial and Industrial (C&I) Microgrids,
Community/Utility Microgrids, Other.
Military Base Microgridsare being
actively deployed with focus on both physical and cyber security for military
facilities in order to assure reliable power without relying on the Macrogrid.
This segment also includes mobile Military Microgrids for forward operating
bases in such places as Afghanistan. The U.S. Department of Defense (DOD) is
actively implementing this approach.
Commercial and Industrial (C&I)
Microgridsare maturing quickly in North America and Asia Pacific; however, the
lack of well –known standards for these types of Microgrids limits them
globally. Therefore, they are a “type” of Microgrid but without clear
characteristics. Community/Utility Microgrids is the segment whereEurope leads;
however, these deployments do not meet the classic definition of a Microgrid
because they do not “island.”Energy Storage in Microgrids Industry is
segmented, geographically into North America, Europe (Eastern Europe, Western
Europe), Asia Pacific, Middle East and Africa.
North America accounted for the
largest market share of the l Microgrids Market and is expected to remain
dominant over the predicted period. This is due to the introduction of
supportive government policies, consumer-driven interest to reduce CO2
emissions, the augmented need to overcome the intermittent nature of
renewables, issues related to grid reliability and safety, and battery
development.Asia Pacific is expected to grow at fastest pace over the predicted
period.Key playersin
Energy Storage in Microgrids Market
include AES Energy, Axion Power, BYD, East Penn Manufacturing, Exide, LG Chem,
NGK Insulators, Saft and Samsung SDI.
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