"Actionable Insights to Fuel Your Growth"

Energy Storage Battery for Microgrid Market Size, Share & Industry Analysis By Type (Sodium-Sulfur battery, VRLA Lead Acid, Lithium-ion, Others), By Application (Residential, Enterprise, Utility) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106367 | Status : Ongoing



Battery storage or storage systems for batteries allow energy from renewable energy sources to be stored and then released when consumers need the most power. The energy storage will enable microgrids to react to variability or loss of generating sources. A variety of considerations must be processed to select and integrate the correct energy storage system into a microgrid.

The industry's expansion is being fueled by the growing demand for energy across a variety of industries. Rising electricity rates and a paradigm change toward battery-based energy storage solutions for microgrids are driving market expansion. Incorporating renewable energy fuels, such as wind and solar PV, into microgrids favors business growth. Furthermore, decreased fuel consumption, widespread adoption of energy storage products for residential use, and a greater emphasis on the convergence of microgrid technology and energy storage for remote microgrid applications will drive growth in the energy storage battery for microgrids market during the forecast period.

  • The National Energy Administration (NEA) of China has set a target of installing 90 GW wind and solar capacity in 2021.

  • The Spanish National Energy and Climate Plan (NECP) set a solar PV target of 39.2 GW by 2030.

The main factors hindering the global market are the high cost of projects and the lack of international acceptance. Higher implementation costs will hamper the market growth. Because these systems are relatively new, they also require constant maintenance and require skilled labor to solve technical problems. These factors are obstacles to market growth.

The Asia Pacific region is expected to add significantly to the energy storage battery for microgrids market share, with a healthy growth rate. The rise can be attributed to the Japanese government's rising investment in battery storage and renewable energy sectors. Japan is also the base of some of the industry's most influential companies, including GS Yuasa, Hitachi, Panasonic, Mitsubishi, and NEC. According to estimates, the area will account for more than half of the worldwide battery storage market in the forecast years.

  • Japan's cumulative installed solar PV capacity target for 2030 is 64 GWAC, according to the Long-term Energy Supply and Demand Outlook by the Ministry of Economy, Trade, and Industry (METI).

  • The industry ministry's policy has drafted 36%-38% of power supplies by 2030 to be derived from renewables.


The energy storage battery for the microgrid market is expected to take a significant amount of time before recovering from the impact of the COVID-19 pandemic. Despite the growing renewable energy efforts globally, the low adoption rate of the product coupled with the pandemic has hampered the market devastatingly. However, the easing restrictions, growing energy demand, increasing consumer conscience towards green energy are anticipated to help regain the market.


The report will cover the following key insights:

  • Recent Advancements in Energy Storage Battery for Microgrid

  • Key Industry Trends

  • Regulatory Landscape for Energy Storage Battery for Microgrid

  • Key Industry Developments (Mergers, Acquisitions, and Partnerships)

  • Impact of COVID-19 on the Market


According to different applications, the energy storage battery for the microgrid market can be subdivided into enterprises, utilities, and residential. The utility application sector is expected to achieve the highest growth in the estimated period. Utilities experience high frequency, voltage drift, and power fluctuations, which can cause equipment damage. Battery energy storage systems are expressly used in utilities to solve this problem. This cost-effective alternative to traditional infrastructure is expected to promote the growth of market segments.


To gain extensive insights into the market, Request for Customization

North America will have a substantial share of the global industry during the analysis period, owing to the region's growing demand for sustainable energy sources. Europe is another region with a growing market. The rise in clean energy installation projects will drive the European market. The United States has a net-zero emission target for 2050. European countries, especially Scandanavian countries, have massively developed their sustainable energy capacities. The European Union, as well, has set a net-zero target by 2050.


The report will include profiles of key players such as Samsung SDI, NGK Group, NEC Corporation, MHI, Panasonic Solar, S&C Electric Company, Toshiba Corporation, Beacon Power, Inc., Saft, CALMAC, and Sumitomo Electric.


By Type

By Application

By Geography

  • Sodium-Sulfur battery

  • VRLA Lead Acid

  • Lithium-ion

  • Others

  • Residential

  • Enterprise

  • Utility

  • North America (US and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (China, Australia, India, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East and Africa (South Africa, GCC, and Rest of Middle East and Africa)


  • On August 26, 2021, the US energy equipment supplier G&W Electric began work on a microgrid project that will combine a flywheel and energy battery with a double-sided rooftop solar panel and other technologies at its Illinois headquarters. The new microgrid will support the G&W Electric plant with "premium uninterrupted power" to support critical operations and customers in a grid failure.

  • On July 20, 2021, Indian manufacturer Vision Mechatronics implemented a lithium-lead-acid hybrid battery storage system and rooftop solar power plant at Haryana's Om Shanti Retreat Center (ORC). The 1MWh storage system uses a combination of 614.4 kWh lithium batteries and 480 kWh tubular lead-acid batteries. It is India's first solar microgrid with MW-scale hybrid energy storage.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients


Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.