Community and residential energy storage systems are sited at the "end of the line" on the grid. These systems are typically much smaller than utility-scale or bulk energy storage and are either situated at the distribution transformer or at the customer premise. Of the varied application areas for energy storage systems, community and residential storage is one of the newest and least understood applications. Currently, utilities, vendors, and even governments are demonstrating community and residential energy storage systems with a goal of understanding the value of these small, distributed systems sited at the edge of the electrical grid. These groups are testing CRES for the purposes of smoothing peaks in electricity demand, enabling voltage support and frequency regulation, and providing islanding capabilities.
Although the CRES sector is still nascent, market conditions, technology capabilities, and economics are beginning to align in a way that points to significant growth opportunities over the coming decade. The expansion of distributed solar photovoltaics capacity, the adoption of plug-in electric vehicles, and the spread of dynamic pricing programs will all be key drivers in the growth of such distributed energy storage systems. However, current barriers to CRES include the need for further refinement of business models for community and residential deployments, regulatory barriers related to financial structures, and the identification of cost/benefit models for various CRES applications.
This Pike Research report assesses the market opportunity for the utilization of battery-based energy storage systems in community and residential deployments. Key applications covered include voltage support, frequency regulation, islanding, and peak shaving using lithium ion, advanced lead-acid, and flow battery technologies. The study includes profiles and SWOT analysis for key industry players as well as global revenue and installed capacity forecasts, segmented by technology and region, for the period from 2012 to 2022.
Browse more Smart Grid Market Research Reports