Global Off

PUNE, India, June 8, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Off-grid Energy Storage System Market Segments - By Type (Lithium-ion Battery, Lead-acid Battery, and Others), By Application (Family Backup Power, Industrial UPS, Unattended Equipment, and Others), By Sales Channel (Manufacturer/Distributor/Service Provider and Aftermarket), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was around USD 7.92 Bn in 2022 and is projected to reach USD 15.45 Bn by 2031, expanding at a CAGR of 7.7% during the forecast period, 2023-2031. The market growth is attributed to the rising demand for off-grid energy systems to provide energy for remote areas that are not connected to the main grid.

Key Market Players Profiled in the Report

AEG Power Solutions

EnerSys

Enphase Energy

Fronius International GmbH

Lento Industries Pvt. Ltd.

LG Chem

PR INDUSTRIAL srl

Saft

Selectronic

Sumitomo Electric Industries, Ltd.

TESVOLT AG

Tianneng rechargeable battery manufacturers

Victron Energy B. V

ZEN Energy Systems New Zealand Limited

Download PDF Sample here: https://growthmarketreports.com/request-sample/5216

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include type, application, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

For Any Questions on This Report: https://growthmarketreports.com/enquiry-before-buying/5216

Market Segment Highlights:

Based on region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America is dominating as some governments across the region are focusing on increasing their investment in the energy sector to increase storage systems across the countries.

The market in Asia Pacific is anticipated to expand at a considerable CAGR during the forecast period with the emerging economies present in the region such as India and China focusing on increasing electrification plans for remote areas.

To Buy the Complete Report: https://growthmarketreports.com/report/off-grid-energy-storage-system-market-global-industry-analysis

Key Takeaways from the Study:

Off-grid systems are the ones that supply electricity to equipment when there is no utility to power available.

With the favorable government policies for the use of renewable energy and energy storage, the global market is expected to grow at a significant growth in the coming years.

Rising use of renewable energy sources by governments for industrial projects and other purposes is going to fuel market growth.

Off-grid energy storage systems help to provide energy to remote areas that are not connected to the main power grid. This is going to create new opportunities for global key players to expand their business in remote areas.

Based on Type, the market is segregated into lithium-ion batteries, lead-acid batteries, and others. The lithium-ion batteries segment is expected to hold a major share of the market due to the growing use of these batteries are cost-effective and lower in weight than other types.

Based on Application, the segment is divided into industrial UPS, family backup power, unattended equipment, and others. The family segment is anticipated to expand at a significant growth rate in the coming years as these off-grid energy storage systems are widely used for homes that are in remote places.

Read 259 Pages Research Report with Detailed TOC on "Global Off-grid Energy Storage System Market Segments - By Type (Lithium-ion Battery, Lead-acid Battery, and Others), By Application (Family Backup Power, Industrial UPS, Unattended Equipment, and Others), By Sales Channel (Manufacturer/Distributor/Service Provider and Aftermarket), and Region (North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Get Full Access to this Report: https://growthmarketreports.com/checkout/5216

Key Segments Covered

Type

Lithium-ion Battery

Lead-acid Battery

Others

Application

Family Backup Power

Industrial UPS

Unattended Equipment

Others

Sales Channel

Manufacturer/Distributor/Service Provider

Aftermarket

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Other Related Reports:

Solar Energy Storage Market Segments - by Compositions (Lithium-ion, Lead Acid, Flow Batteries, and Others), Capacities (Up to 50 kW, 51 to 250 kW, 251 to 500 kW, 501 to 1000 kW, 1001 to 2500 kW, 2501 to 5000 kW, 5001 to 10000 kW, and Above 10000 kW), Installations (On-grid and Off-grid), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Global Clean Green Energy Market by Type (Solar Energy, Hydro & Ocean Energy, Wind Energy, Hydrogen Energy, Bio-energy, Others), By Application (Electric Power, Traffic, Food, and Beverage, Building, Automation, Other), And By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast From 2022 To 2030

Global Energy Storage for Renewable Energy Grid Integration ESRI Market by Type (Li-ion battery, Lead acid battery, Others), By Application (Agriculture, Construction, Power and Water Utility, Real Estate, Journalism, Cinematography, Transportation, Energy Sector), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast To 2028

Global Renewable Energy and Energy-Efficient Technologies in Building Applications Market by Type (Energy Saving Lighting, Energy Saving Windows, Energy Saving Roof Covering, Heating, Ventilation and Air Conditioning (HVAC), Smart Meters), By Application (Wind, Geothermal Energy, Solar Photovoltaic (PV), Solar Heat (ST), Small Hydropower Energy) and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast From 2022 To 2030

About Growth Market Reports:

Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of "Market Research Reports" and "Industry Intelligence Solutions". Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.

Contact: Alex Mathews 7th Floor, Siddh Icon,Baner Road, Pune.Maharashtra – 411045. India.Phone: +1 909 414 1393Email: [email protected]: https://growthmarketreports.com/Twitter: https://twitter.com/growth_reportsLinkedIn: https://www.linkedin.com/company/growth-market-report/

Logo : https://mma.prnewswire.com/media/1980656/Growth_Market_Reports_Logo1.jpg

View original content:https://www.prnewswire.com/news-releases/global-off-grid-energy-storage-system-market-to-surpass-usd-15-45-bn-by-2031-growth-market-reports-301838087.html

SOURCE Growth Market Reports