Global Energy Storage in
Microgrids Market is segmented on the basis of product type, technology,
application, and region. Energy storage system (ESS) comprise electrochemical
battery, super capacitor, compressed air energy storage, super conducting
energy storage, flywheel energy storage etc. Lithium ion is commonly used because
best energy to weight ratio and slow loss of charge when not in use. ESS stores
energy at the time of surplus and re-dispatches it when needed.
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ESS plays important role in
Microgrid. Sizing of ESS to be considered first when considering ESS in
Microgrid. It increases the reliability of power system. Energy storage smooths
out fluctuations in the grid and decouples generation and consumption. Energy
independence and power quality are key benefits that are driving the increased
attention to microgrids.A Microgrid is a local energy network that offers
integration of distributed energy resources (DER) with local elastic loads,
which can operate in parallel with the grid or in an intentional island mode to
provide a customized level of high reliability and flexibility to grid
disturbances. The advanced integrated distribution system addresses the need
for application in locations with electric supply and/or delivery constraints,
in remote sites, and for protection of critical loads and economically
sensitive development.
Energy Storage in Microgrids
Market is classified, by product typeadvanced lead-acid batteries, flywheel,
sodium-metal halide, flow batteries (All-vanadium flow battery, Zinc-bromine
flow battery), and advanced Li-ion batteries.The advanced lead-acid batteries
segment is expected to be the largest market segment during the predicted
period. It is expected to account for maximum market share over the predicted
period and this is mainly due to the factors like its low cost and mature
commercialization.
Energy Storage in Microgrids
Market is classified bytechnology into Energy Security, Power Quality, and
Energy Management. Energy Storage in Microgrids Market is classified, by
application, into Military Base Microgrids, Commercial and Industrial (C&I)
Microgrids, Community/Utility Microgrids, Other.
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