Energy storage integrator industry structure

What is the relationship between system integrator market and energy storage industry?

Because of the strong correlation between the system integrator market and the wider energy storage industry, this research touches on broader energy storage topics, such as policy effects, market growth and supply chain.

What does a system integrator do?

Image: IHS Markit. A system integrator is a company that specialises in combining component subsystems and ensuring that these subsystems function together as a whole. In the energy storage industry, a system integrator supplies the full battery energy storage system (BESS).

How is the energy storage industry changing?

The global energy storage industry continues to rapidly expand, creating opportunities for new entrants and incumbents alike. As the market grows, many system integrators are evolving their business model to create a stronger competitive footing.

Are energy storage inverters a challenge to existing integrators?

With significant project pipelines dwarfing the existing installed base, energy storage inverter (power conversion system – PCS) manufacturers are expanding their presence targeting solar plus storage applications and existing integrators are challenging the incumbents.

What is the growth rate of industrial energy storage?

The majority of the growth is due to forklifts (8% CAGR). UPS and data centers show moderate growth (4% CAGR) and telecom backup battery demand shows the lowest growth level (2% CAGR) through 2030. Figure 8. Projected global industrial energy storage deployments by application

Which countries are dominated by system integrators?

However, some markets such as Germany, South Korea and mainland China remain dominated by local players. Figure 1 – Overview of the system integrator landscape. Image: IHS Markit. Globally, Tesla Energy, NEC Energy Solutions, and Fluence have historically been the leading system integrators.