Jabil Publishes Energy Trends Report
As the world’s population continues to grow, so does the global need for energy. In the years ahead, it will be crucial to explore alternative energy sources and storage solutions to deliver power where and when it’s needed in an efficient way. To understand current and future trends in energy storage solutions — including battery and other energy storage technologies, as well as opportunities and challenges for energy storage systems companies — Jabil and SIS International Research gathered insights from more than 200 energy storage and battery solutions decision-makers across the globe.
Key Findings:
- 87% of respondents are or are considering manufacturing their own batteries.
- Respondents were split along the energy storage system value chain — 33% were end-users, 33% made finished products, and 25% manufactured modules.
- 88% of companies are producing solutions for commercial and industrial applications, while 61% are considering expanding into the residential and commercial/industrPublisial markets.
- More than half (58%) of respondents who plan to enter a new energy storage market plan to do so within three to five years.
- Those who are not expanding blame lack of cost benefits and poor alignment with company strategy, while those who do plan to expand are doing so to differentiate and stay ahead of market trends.
- Approximately two thirds (66%) of companies are interested in developing energy storage solutions with energy capacities of 200 kWh to 1 MWh, while 62% are interested in 20 kWh to 199 kWh capacities.
- North America (70%) and Europe (67%) are likely to see the most ESS deployments of any regions in the next three to five years.
- Within North America, respondents believe California (43%), the Northeast (42%), and the Midwest (41%) will have the most concentrated distribution of deliveries.
