US Energy Storage Management Systems Market to Grow Tenfold by 2019

27 juin 2015

The U.S. market for energy storage management systems, which are software suites designed to increase the operating efficiency and overall value of energy storage, will grow tenfold between 2014 and 2019. According to GTM Research’s latest report, Energy Storage Management Systems 2015-2019: Applications, Players and Forecast, the market for this software will reach $136 million by 2019.

Source: Energy Storage Management Systems 2015-2019

Originally designed to monitor the health and safety of energy storage deployments, storage management systems are now being expanded to include optimization and economic gain.

“The real value in energy storage management systems,” writes Belcher, “lies in achieving peak performance on a given application -- and in using them for the most valuable available application at any given time. The algorithms that determine in real time what a battery is used for are the key to unlocking that value.”

As these applications become more complex and widespread, there are opportunities for intelligent software to be used not just in managing energy storage systems, but also in effectively communicating with the grid and following grid signals in real time, notes GTM Research Senior Energy Storage Analyst Ravi Manghani. He describes the result as a “system of systems” in which energy storage is an extension of the grid and interfaces with it seamlessly.

Source: Energy Storage Management Systems 2015-2019

“The vendor ecosystem consists of a few pure play software-centric companies, but the majority are power electronic vendors and system integrators,” said Manghani.

FIGURE: Energy Storage Management Systems Vendor Landscape