About Energy Storage Software
Energy storage software is primarily responsible for initial project analysis and design, system control and operations, and optimizing system operation for maximum value. This software also provides a platform-agnostic (i.e. Windows, Linux, Mac, mobile OS) plug-and-play user interface that provides energy storage system operators. It has the ability to monitor the state of charge and state of health, views battery performance statistics, changes configuration settings, views falts and waring and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Energy Storage Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Greensmith Energy (United States), Doosan GridTech (United States, EnSync Energy Systems (United States), Green Charge Networks (United States), Sunverge (United States), Growing Energy Labs, Inc. (United States), Adara Power, Stem and Demand Energy are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Doosan GridTech, UniEnergy Technologies and Others.
Segmentation Overview
AMA Research has segmented the market of Global Energy Storage Software market by Type (BTM Energy Storage Software and Utility-Scale Energy Storage Software), Application (Power Plant, Residential, Military and Other) and Region.
On the basis of geography, the market of Energy Storage Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Energy Storage Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. Subscription (Annual, Monthly, Quarterly) will boost the Energy Storage Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of Cloud-Based Solutions
Market Growth Drivers:
High Benefits of Energy Storage Software and Increased Applications of Energy Storage Software
Challenges:
Technological Complexities Associated with Energy Storage Software
Restraints:
High Cost of the Energy Storage Software
Opportunities:
Increasing Demand from End-users and Growth in the Energy Storage Industry
Market Leaders and their expansionary development strategies
In October 2023, Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced that it has acquired a controlling stake of eks Energy, a leading supplier of power electronics and energy management solutions for storage and renewables integration, based in Seville, Spain, from Powin LLC (Powin), a top global energy storage system provider.
In November 2023, Construction and industrial equipment manufacturer Caterpillar launched an integrated energy storage system (ESS) solution, the Cat ESS suite of battery storage products. The suite includes scalable and modular designs for a range of energy system applications including: generator set transient assist, grid integration and support, shifting of energy from time of generation to time of use, power stabilisation, power factor correction and renewable energy integration.
Key Target Audience
Energy Storage Software Developers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.