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Dynamic Competitors in the European Battery Energy Storage Market, 2018
Intelligent Software-based Energy Storage Solutions Providing Grid Ancillary Services Driving the Market
12-Sep-2018
Europe
Market Research
MDFD-01-00-00-00
EG01917-EU-MR_22309
The European energy storage market is undergoing a stage of technological evolution, with digital transformation, electric vehicle (EV) penetration, and smart grid initiatives leading the charge. The European region is becoming a hotspot for energy storage driven by falling battery and photovoltaic (PV) costs, attractive subsidies, and increasing electricity tariff rates. The region is entrenched with battery manufacturers coming up with a product portfolio with enhanced technological capabilities and financing options for facilitating the widespread adoption of energy storage systems. Strong, viable business models and strategic partnerships with PV kit integrators/distributors are crucial for penetrating this market, while enhancing the attractiveness of the energy storage solutions. Storage manufacturers are increasingly partnering with intelligent energy management solution providers that can incorporate machine learning (ML) and artificial intelligence (AI) to take real-time smart energy management decisions. The major growth opportunities lie in residential and commercial solar with storage market, which is poised to accelerate, with business models such as community energy trading and energy storage as a service expected to be the key driving factors.
Research Scope
The scope of the study involves the dynamic competitors in the European battery energy storage market that provide products and solutions to the residential, commercial, industrial, and utility applications. Each profile includes an overview of the competitor and covers its major product line offerings, key partners, distribution channel strategy, business model, and key development plans.
A rigorous methodology was followed to identify the market participants based on their product innovation and growth strategies. Top management executives of the companies were interviewed to obtain information on the key company strategies.
The companies profiled are: Sonnen, Fronius, Varta, SOLARWATT, E3/DC, SENEC, SMA, IBC Solar, Alpha ESS, Enphase, Electrochaea, RedT, Younicos, Akasol, Autarsys, Forsee Power, Moixa, and Powervault.
Research Highlights
Frost & Sullivan has highlighted the contribution of 18 dynamic competitors disrupting the energy storage market in Europe. A detailed profiling of the participants, including general company information, product lines, market strategies, and key growth areas, has been developed.
Key Issues Addressed
- Which are the dynamic competitors in the European battery energy storage market?
- What are their distribution strategies and business models?
- What are the kinds of products that market participants are developing to meet the needs of customers?
- What are the major trends in the battery energy storage market?
- Which are the market segments that competitors are operating in and what are their market strategies?
Key Findings
Dynamic Competitors in the European Battery Energy Storage Market
Summary of Key Competitors in the European Battery Energy Storage Market
Market Definitions
Additional Sources of Information on the Energy Storage Market
Sonnen
Sonnen—Business Models and Channel Strategies
Fronius
Fronius—Business Models and Channel Strategies
VARTA Storage GmbH
VARTA Storage GmbH—Business Models and Channel Strategies
VARTA Storage GmbH—Product Portfolio
SOLARWATT
SOLARWATT—Business Models and Channel Strategies
E3/DC
E3/DC—Business Models and Channel Strategies
SENEC
SENEC—Business Models and Channel Strategies
SMA
SMA—Business Models and Channel Strategies
IBC Solar
IBC Solar—Business Models and Channel Strategies
Alpha ESS Europe GmbH
Alpha ESS—Business Models and Channel Strategies
Enphase
Enphase—Business Models and Channel Strategies
Electrochaea GmbH
Electrochaea GmbH—Business Models and Channel Strategies
RedT
RedT—Business Models and Channel Strategies
Younicos
Younicos—Business Models and Channel Strategies
Akasol
Akasol—Business Models and Channel Strategies
Autarsys GmbH
Autarsys GmbH—Business Models and Channel Strategies
Forsee Power
Forsee Power—Business Models and Channel Strategies
Moixa
Moixa—Business Models and Channel Strategies
Powervault
Powervault—Business Models and Channel Strategies
Growth Opportunity 1—Data Analytics
Growth Opportunity 2—Business Models
Strategic Imperatives for Success and Growth
The Last Word—3 Big Predictions
Legal Disclaimer
List of Exhibits
List of Figures
- 1. Total Battery Energy Storage Market: Summary of Key Competitors, Europe, 2018
List of Charts
- 1. Total Battery Energy Storage Market: Dynamic Competitors, Europe, 2018
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