An electrical energy storage system is an energy reservoir that can store electrical energy and supply energy when required. Generally, energy storage systems perform three functions; energy management, power bridging, and power quality control.
According to the report, one driver in the market is growing commercial use.

Market Analysis and Insights: Global Energy Storage for Microgrids Market
In 2020, the global Energy Storage for Microgrids market size was US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% between 2021 and 2027
Global Energy Storage for Microgrids Scope and Market Size
The global Energy Storage for Microgrids market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Energy Storage for Microgrids market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Advanced Lead-acid Battery
Advanced Lithium-ion Battery
Flow Battery
Sodium Metal Halide Battery
Flywheel

Segment by Application
Peak Hour Shaving
Volt Ampere Reactive Services
Black Start

By Company
ABB
EnStorage
General Electric Digital Energy
NEC
S&C Electric
Toshiba
Ampard
Aquion Energy
Greensmith Energy
Green Energy

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE