The global Energy Storage as a Service (ESaaS) market size is expected to reach $ 2549.5 million by 2029, rising at a market growth of 10.2% CAGR during the forecast period (2023-2029).
Energy storage as a service is a new model. Thus, limited companies are offering these services at the global level. The majority of the players in this market are operating at the local and regional levels only. For instance, YSG Solar, a U.S.-based company, is offering these services in local areas. There is a significant opportunity for these services from the untapped markets and remote areas where there is a lack of power supply. In the developed markets such as the U.S., factors such as peak load challenge and backup power to avoid blackouts are driving the market opportunities. Moreover, the increasing focus towards renewable energy generation in the region and decreasing dependency on fossil fuel energy generation are driving the market demand in the U.S.
Energy storage as a service (ESaaS) allows a facility to benefit from the advantages of an energy storage system by entering into a service agreement without purchasing the system. Energy storage systems provide a range of services to generate revenue, create savings, and improve electricity resiliency. The operation of the ESaaS system is a unique combination of an advanced battery storage system, an energy management system, and a service contract which can deliver value to a business by providing reliable power more economically.
This report studies the global Energy Storage as a Service (ESaaS) demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Energy Storage as a Service (ESaaS), and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Energy Storage as a Service (ESaaS) that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Energy Storage as a Service (ESaaS) total market, 2018-2029, (USD Million)
Global Energy Storage as a Service (ESaaS) total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Energy Storage as a Service (ESaaS) total market, key domestic companies and share, (USD Million)
Global Energy Storage as a Service (ESaaS) revenue by player and market share 2018-2023, (USD Million)
Global Energy Storage as a Service (ESaaS) total market by Type, CAGR, 2018-2029, (USD Million)
Global Energy Storage as a Service (ESaaS) total market by Application, CAGR, 2018-2029, (USD Million)
This reports profiles major players in the global Energy Storage as a Service (ESaaS) market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Customized Energy Solutions Ltd., ENGIE Storage Services NA LLC, Honeywell International Inc., Hydrostor Inc., NRStor Inc., Siemens Energy, Suntuity, Veolia and YSG Solar, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Energy Storage as a Service (ESaaS) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.
Global Energy Storage as a Service (ESaaS) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Energy Storage as a Service (ESaaS) Market, Segmentation by Type
Bulk Energy Services
Ancillary Services
Transmission Infrastructure Services
Distribution Infrastructure Services
Customer Energy Management Services
Others
Global Energy Storage as a Service (ESaaS) Market, Segmentation by Application
Utility
Industrial
Residential & Commercial
Companies Profiled:
Customized Energy Solutions Ltd.
ENGIE Storage Services NA LLC
Honeywell International Inc.
Hydrostor Inc.
NRStor Inc.
Siemens Energy
Suntuity
Veolia
YSG Solar
Key Questions Answered
1. How big is the global Energy Storage as a Service (ESaaS) market?
2. What is the demand of the global Energy Storage as a Service (ESaaS) market?
3. What is the year over year growth of the global Energy Storage as a Service (ESaaS) market?
4. What is the total value of the global Energy Storage as a Service (ESaaS) market?
5. Who are the major players in the global Energy Storage as a Service (ESaaS) market?
6. What are the growth factors driving the market demand?
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1 Supply Summary
1.1 Energy Storage as a Service (ESaaS) Introduction
1.2 World Energy Storage as a Service (ESaaS) Market Size & Forecast (2018 & 2022 & 2029)
1.3 World Energy Storage as a Service (ESaaS) Total Market by Region (by Headquarter Location)
1.3.1 World Energy Storage as a Service (ESaaS) Market Size by Region (2018-2029), (by Headquarter Location)
1.3.2 United States Energy Storage as a Service (ESaaS) Market Size (2018-2029)
1.3.3 China Energy Storage as a Service (ESaaS) Market Size (2018-2029)
1.3.4 Europe Energy Storage as a Service (ESaaS) Market Size (2018-2029)
1.3.5 Japan Energy Storage as a Service (ESaaS) Market Size (2018-2029)
1.3.6 South Korea Energy Storage as a Service (ESaaS) Market Size (2018-2029)
1.3.7 ASEAN Energy Storage as a Service (ESaaS) Market Size (2018-2029)
1.3.8 India Energy Storage as a Service (ESaaS) Market Size (2018-2029)
1.4 Market Drivers, Restraints and Trends
1.4.1 Energy Storage as a Service (ESaaS) Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Energy Storage as a Service (ESaaS) Major Market Trends
1.5 Influence of COVID-19 and Russia-Ukraine War
1.5.1 Influence of COVID-19
1.5.2 Influence of Russia-Ukraine War
2 Demand Summary
2.1 World Energy Storage as a Service (ESaaS) Consumption Value (2018-2029)
2.2 World Energy Storage as a Service (ESaaS) Consumption Value by Region
2.2.1 World Energy Storage as a Service (ESaaS) Consumption Value by Region (2018-2023)
2.2.2 World Energy Storage as a Service (ESaaS) Consumption Value Forecast by Region (2024-2029)
2.3 United States Energy Storage as a Service (ESaaS) Consumption Value (2018-2029)
2.4 China Energy Storage as a Service (ESaaS) Consumption Value (2018-2029)
2.5 Europe Energy Storage as a Service (ESaaS) Consumption Value (2018-2029)
2.6 Japan Energy Storage as a Service (ESaaS) Consumption Value (2018-2029)
2.7 South Korea Energy Storage as a Service (ESaaS) Consumption Value (2018-2029)
2.8 ASEAN Energy Storage as a Service (ESaaS) Consumption Value (2018-2029)
2.9 India Energy Storage as a Service (ESaaS) Consumption Value (2018-2029)
3 World Energy Storage as a Service (ESaaS) Companies Competitive Analysis
3.1 World Energy Storage as a Service (ESaaS) Revenue by Player (2018-2023)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global Energy Storage as a Service (ESaaS) Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for Energy Storage as a Service (ESaaS) in 2022
3.2.3 Global Concentration Ratios (CR8) for Energy Storage as a Service (ESaaS) in 2022
3.3 Energy Storage as a Service (ESaaS) Company Evaluation Quadrant
3.4 Energy Storage as a Service (ESaaS) Market: Overall Company Footprint Analysis
3.4.1 Energy Storage as a Service (ESaaS) Market: Region Footprint
3.4.2 Energy Storage as a Service (ESaaS) Market: Company Product Type Footprint
3.4.3 Energy Storage as a Service (ESaaS) Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers, Acquisitions Activity
4 United States VS China VS Rest of the World (by Headquarter Location)
4.1 United States VS China: Energy Storage as a Service (ESaaS) Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: Energy Storage as a Service (ESaaS) Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
4.1.2 United States VS China: Energy Storage as a Service (ESaaS) Revenue Market Share Comparison (2018 & 2022 & 2029)
4.2 United States Based Companies VS China Based Companies: Energy Storage as a Service (ESaaS) Consumption Value Comparison
4.2.1 United States VS China: Energy Storage as a Service (ESaaS) Consumption Value Comparison (2018 & 2022 & 2029)
4.2.2 United States VS China: Energy Storage as a Service (ESaaS) Consumption Value Market Share Comparison (2018 & 2022 & 2029)
4.3 United States Based Energy Storage as a Service (ESaaS) Companies and Market Share, 2018-2023
4.3.1 United States Based Energy Storage as a Service (ESaaS) Companies, Headquarters (States, Country)
4.3.2 United States Based Companies Energy Storage as a Service (ESaaS) Revenue, (2018-2023)
4.4 China Based Companies Energy Storage as a Service (ESaaS) Revenue and Market Share, 2018-2023
4.4.1 China Based Energy Storage as a Service (ESaaS) Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies Energy Storage as a Service (ESaaS) Revenue, (2018-2023)
4.5 Rest of World Based Energy Storage as a Service (ESaaS) Companies and Market Share, 2018-2023
4.5.1 Rest of World Based Energy Storage as a Service (ESaaS) Companies, Headquarters (States, Country)
4.5.2 Rest of World Based Companies Energy Storage as a Service (ESaaS) Revenue, (2018-2023)
5 Market Analysis by Type
5.1 World Energy Storage as a Service (ESaaS) Market Size Overview by Type: 2018 VS 2022 VS 2029
5.2 Segment Introduction by Type
5.2.1 Bulk Energy Services
5.2.2 Ancillary Services
5.2.3 Transmission Infrastructure Services
5.2.4 Distribution Infrastructure Services
5.2.5 Customer Energy Management Services
5.2.6 Others
5.3 Market Segment by Type
5.3.1 World Energy Storage as a Service (ESaaS) Market Size by Type (2018-2023)
5.3.2 World Energy Storage as a Service (ESaaS) Market Size by Type (2024-2029)
5.3.3 World Energy Storage as a Service (ESaaS) Market Size Market Share by Type (2018-2029)
6 Market Analysis by Application
6.1 World Energy Storage as a Service (ESaaS) Market Size Overview by Application: 2018 VS 2022 VS 2029
6.2 Segment Introduction by Application
6.2.1 Utility
6.2.2 Industrial
6.2.3 Residential & Commercial
6.3 Market Segment by Application
6.3.1 World Energy Storage as a Service (ESaaS) Market Size by Application (2018-2023)
6.3.2 World Energy Storage as a Service (ESaaS) Market Size by Application (2024-2029)
6.3.3 World Energy Storage as a Service (ESaaS) Market Size by Application (2018-2029)
7 Company Profiles
7.1 Customized Energy Solutions Ltd.
7.1.1 Customized Energy Solutions Ltd. Details
7.1.2 Customized Energy Solutions Ltd. Major Business
7.1.3 Customized Energy Solutions Ltd. Energy Storage as a Service (ESaaS) Product and Services
7.1.4 Customized Energy Solutions Ltd. Energy Storage as a Service (ESaaS) Revenue, Gross Margin and Market Share (2018-2023)
7.1.5 Customized Energy Solutions Ltd. Recent Developments/Updates
7.1.6 Customized Energy Solutions Ltd. Competitive Strengths & Weaknesses
7.2 ENGIE Storage Services NA LLC
7.2.1 ENGIE Storage Services NA LLC Details
7.2.2 ENGIE Storage Services NA LLC Major Business
7.2.3 ENGIE Storage Services NA LLC Energy Storage as a Service (ESaaS) Product and Services
7.2.4 ENGIE Storage Services NA LLC Energy Storage as a Service (ESaaS) Revenue, Gross Margin and Market Share (2018-2023)
7.2.5 ENGIE Storage Services NA LLC Recent Developments/Updates
7.2.6 ENGIE Storage Services NA LLC Competitive Strengths & Weaknesses
7.3 Honeywell International Inc.
7.3.1 Honeywell International Inc. Details
7.3.2 Honeywell International Inc. Major Business
7.3.3 Honeywell International Inc. Energy Storage as a Service (ESaaS) Product and Services
7.3.4 Honeywell International Inc. Energy Storage as a Service (ESaaS) Revenue, Gross Margin and Market Share (2018-2023)
7.3.5 Honeywell International Inc. Recent Developments/Updates
7.3.6 Honeywell International Inc. Competitive Strengths & Weaknesses
7.4 Hydrostor Inc.
7.4.1 Hydrostor Inc. Details
7.4.2 Hydrostor Inc. Major Business
7.4.3 Hydrostor Inc. Energy Storage as a Service (ESaaS) Product and Services
7.4.4 Hydrostor Inc. Energy Storage as a Service (ESaaS) Revenue, Gross Margin and Market Share (2018-2023)
7.4.5 Hydrostor Inc. Recent Developments/Updates
7.4.6 Hydrostor Inc. Competitive Strengths & Weaknesses
7.5 NRStor Inc.
7.5.1 NRStor Inc. Details
7.5.2 NRStor Inc. Major Business
7.5.3 NRStor Inc. Energy Storage as a Service (ESaaS) Product and Services
7.5.4 NRStor Inc. Energy Storage as a Service (ESaaS) Revenue, Gross Margin and Market Share (2018-2023)
7.5.5 NRStor Inc. Recent Developments/Updates
7.5.6 NRStor Inc. Competitive Strengths & Weaknesses
7.6 Siemens Energy
7.6.1 Siemens Energy Details
7.6.2 Siemens Energy Major Business
7.6.3 Siemens Energy Energy Storage as a Service (ESaaS) Product and Services
7.6.4 Siemens Energy Energy Storage as a Service (ESaaS) Revenue, Gross Margin and Market Share (2018-2023)
7.6.5 Siemens Energy Recent Developments/Updates
7.6.6 Siemens Energy Competitive Strengths & Weaknesses
7.7 Suntuity
7.7.1 Suntuity Details
7.7.2 Suntuity Major Business
7.7.3 Suntuity Energy Storage as a Service (ESaaS) Product and Services
7.7.4 Suntuity Energy Storage as a Service (ESaaS) Revenue, Gross Margin and Market Share (2018-2023)
7.7.5 Suntuity Recent Developments/Updates
7.7.6 Suntuity Competitive Strengths & Weaknesses
7.8 Veolia
7.8.1 Veolia Details
7.8.2 Veolia Major Business
7.8.3 Veolia Energy Storage as a Service (ESaaS) Product and Services
7.8.4 Veolia Energy Storage as a Service (ESaaS) Revenue, Gross Margin and Market Share (2018-2023)
7.8.5 Veolia Recent Developments/Updates
7.8.6 Veolia Competitive Strengths & Weaknesses
7.9 YSG Solar
7.9.1 YSG Solar Details
7.9.2 YSG Solar Major Business
7.9.3 YSG Solar Energy Storage as a Service (ESaaS) Product and Services
7.9.4 YSG Solar Energy Storage as a Service (ESaaS) Revenue, Gross Margin and Market Share (2018-2023)
7.9.5 YSG Solar Recent Developments/Updates
7.9.6 YSG Solar Competitive Strengths & Weaknesses
8 Industry Chain Analysis
8.1 Energy Storage as a Service (ESaaS) Industry Chain
8.2 Energy Storage as a Service (ESaaS) Upstream Analysis
8.3 Energy Storage as a Service (ESaaS) Midstream Analysis
8.4 Energy Storage as a Service (ESaaS) Downstream Analysis
9 Research Findings and Conclusion
10 Appendix
10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
Customized Energy Solutions Ltd.
ENGIE Storage Services NA LLC
Honeywell International Inc.
Hydrostor Inc.
NRStor Inc.
Siemens Energy
Suntuity
Veolia
YSG Solar
*If Applicable.