The Intelligent energy storage systems market is gaining popularity over the past few years. This is due to increasing awareness about the benefits of smart infrastructure and smart energy management systems, a significant decline in the prices of batteries along with burgeoning advancements in battery technology. Moreover, soaring adoption across different sectors such as residence, industries and boost in government initiatives regarding energy conservation is predicted to propel the growth of the market in the forecast period.
According to MarkNtel Advisors’ research report “Global Intelligent Energy Storage System Market Analysis, 2021”, the Global Intelligent Energy Storage System market is anticipated to grow at a CAGR 18% during 2021-26F. Based on Battery Type, Lithium Ion segment acquired the largest market share in 2020. The demand for these batteries are growing at a robust rate among commercial application as these provide high power and energy density.
“Global Intelligent Energy Storage System Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Intelligent Energy Storage System providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Commands the Largest Market Share
North America commands the largest market share in Global Intelligent Energy Storage System market in 2019. The U.S. is a major contributor to the growth of the region due to early incorporation of IoT and increasing advancement of smart grid infrastructure. The rising government initiative toward energy conservation initiatives, burgeoning demand for smart electronics and propelling demand for perennial electricity supply are anticipated to bolster the growth of the Intelligent Energy Storage System Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Intelligent Energy Storage System Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Intelligent Energy Storage System market are Alevo, Beacon Power, ABB, Ampard, Green Charge Networks, Azeti Networks, NEC Energy Solutions, CODA Energy, Stem. Inc. etc.
Key questions answered in the study: