Market Research Report
Energy Storage Software: Market Trends, Business Models and Global Market Forecasts 2019-2028
|Published by||Navigant Research||Product code||408116|
|Published||Content info||56 Pages; 30 Pages, Charts & Figures
Delivery time: 1-2 business days
|Energy Storage Software: Market Trends, Business Models and Global Market Forecasts 2019-2028|
|Published: May 21, 2019||Content info: 56 Pages; 30 Pages, Charts & Figures||
As the energy storage market matures, technological progress and legislative and regulatory tailwinds have propelled energy storage systems (ESSs) to the forefront of industry consciousness. Energy storage is flexible, can be deployed rapidly, has numerous applications, and can generate multiple value streams for utilities and their customers. Breakthroughs in adjacent digital technologies including the Internet of Things (IoT), machine learning, and blockchain have engendered the creation of innovative software platforms that advance the technical capabilities and economic viability and bankability of ESSs.
Software is expected to play an important role in the energy storage industry as power grids transition toward a distributed, digitized, and decentralized system that Navigant Research refers to as the Energy Cloud. Although energy storage is viewed as a key building block for the grid of the future, without sophisticated platforms for design and control, these systems have limited value. Software platforms are primarily responsible for initial project analysis and design, system control and operations, and optimizing system operation for maximum value. Today, ESS software platforms are evolving across market segments, enhanced by underlying digital technologies, to provide complex solutions.
This Navigant Research report analyzes the global market for ESSs with a focus on aggregation, asset management, and grid services. The study examines business models and pricing strategies for software vendors across three major grid-tied energy storage market segments: utility-scale, commercial and industrial (C&I), and residential. Global market forecasts of software vendor revenue for upfront system deployment and annual platform access/maintenance fees are provided through 2028. The report also examines the competitive landscape and key technologies related to ESSs.
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