Battery Energy Storage Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
8284 | Date :
Jan, 2023 | Pages :
180 | Region : Global |
Publisher : 99 Strategy
The lithium-ion batteries have a long lifespan of 5–10 years, and up to 98% efficiency (i.e., only 2% of electrical charge is lost during use). The lithium-ion batteries have very high energy and power densities, which leads to lower weight with low standby losses, and high life expectancy. Lithium-ion batteries continue to hold a large size of the battery energy storage system market owing to its features such as high energy density, self-discharge capability, low maintenance requirement, less weight, and high life expectancy. Battery energy storage system is well suited for smoothing the variable output of renewables and controlling the rapid ramping up and down of solar as well as wind generation. The grid operators and regulators are aware of the importance of battery energy storage systems and their ability to cater through multiple services. The utility operators are using these systems in their resource planning processes, which reduces the system costs and increases storage capacity.
The major drivers for the growth of the market include the increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries. However, the factors such as the installation of battery energy storage systems in remote locations pose a challenge for the players in the market. the Americas dominated the battery energy storage market for smart grid and accounted for around 60% of the total market share. Much of the region\'s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems. The governmental support across different countries in the region and the growing investments in the development and deployment of integrated smart grid systems is expected to drive the demand for smart energy in the region in the coming years.
The Global Battery Energy Storage Market size was xxx million USD with a CAGR xx % from 2018- 2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023-2030.
As the report focuses on global Battery Energy Storage Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Siemens
ABB
Samsung SDI
Bosch
BYD
In Market segmentation by geographical regions, the report has analyzed the following regions- North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Li-Ion Batteries
Lead-Acid Batteries
Sodium Sulfur Batteries
In Market segmentation by applications :
Residential
Non-Residential
Utilities
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Battery Energy Storage Market for the forecast period 2023-2030?
• What are the driving forces in the Battery Energy Storage Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Battery Energy Storage industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
Table of Contents
1 Report Overview
1.1 Research Scope
1.2 Major Manufacturers Covered in This Report
1.3 Market Segment by Type
1.3.1 Global Battery Energy Storage Market Size Growth Rate by Type (2020-2030)
1.3.2 Li-Ion Batteries
1.3.3 Lead-Acid Batteries
1.3.4 Sodium Sulfur Batteries
1.4 Market Segment by Application
1.4.1 Global Battery Energy Storage Market Share by Application (2020-2030)
1.4.2 Residential
1.4.3 Non-Residential
1.4.4 Utilities
1.4.5 Others
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Production and Capacity Analysis
2.1.1 Global Battery Energy Storage Production Value 2015-2030
2.1.2 Global Battery Energy Storage Production 2015-2030
2.1.3 Global Battery Energy Storage Capacity 2015-2030
2.1.4 Global Battery Energy Storage Marketing Pricing and Trends
2.2 Key Producers Growth Rate (CAGR) 2020-2030
2.2.1 Global Battery Energy Storage Market Size CAGR of Key Regions
2.2.2 Global Battery Energy Storage Market Share of Key Regions
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
3 Market Share by Manufacturers
3.1 Capacity and Production by Manufacturers
3.1.1 Global Battery Energy Storage Capacity by Manufacturers
3.1.2 Global Battery Energy Storage Production by Manufacturers
3.2 Revenue by Manufacturers
3.2.1 Battery Energy Storage Revenue by Manufacturers (2018 - 2022)
3.2.2 Battery Energy Storage Revenue Share by Manufacturers (2018 - 2022)
3.2.3 Global Battery Energy Storage Market Concentration Ratio (CR5 and HHI)
3.3 Battery Energy Storage Price by Manufacturers
3.4 Key Manufacturers Battery Energy Storage Plants/Factories Distribution and Area Served
3.5 Date of Key Manufacturers Enter into Battery Energy Storage Market
3.6 Key Manufacturers Battery Energy Storage Product Offered
3.7 Mergers & Acquisitions, Expansion Plans
4 Market Size by Type
4.1 Production and Production Value for Each Type
4.1.1 Li-Ion Batteries Production and Production Value (2018 - 2022)
4.1.2 Lead-Acid Batteries Production and Production Value (2018 - 2022)
4.1.3 Sodium Sulfur Batteries Production and Production Value (2018 - 2022)
4.2 Global Battery Energy Storage Production Market Share by Type
4.3 Global Battery Energy Storage Production Value Market Share by Type
4.4 Battery Energy Storage Ex-factory Price by Type
5 Market Size by Application
5.1 Overview
5.2 Global Battery Energy Storage Consumption by Application
6 Production by Regions
6.1 Global Battery Energy Storage Production (History Data) by Regions 2018 - 2022
6.2 Global Battery Energy Storage Production Value (History Data) by Regions
6.3 United States
6.3.1 United States Battery Energy Storage Production Growth Rate 2018 - 2022
6.3.2 United States Battery Energy Storage Production Value Growth Rate 2018 - 2022
6.3.3 Key Players in United States
6.3.4 United States Battery Energy Storage Import & Export
6.4 European Union
6.4.1 European Union Battery Energy Storage Production Growth Rate 2018 - 2022
6.4.2 European Union Battery Energy Storage Production Value Growth Rate 2018 - 2022
6.4.3 Key Players in European Union
6.4.4 European Union Battery Energy Storage Import & Export
6.5 China
6.5.1 China Battery Energy Storage Production Growth Rate 2018 - 2022
6.5.2 China Battery Energy Storage Production Value Growth Rate 2018 - 2022
6.5.3 Key Players in China
6.5.4 China Battery Energy Storage Import & Export
6.6 Rest of World
6.6.1 Japan
6.6.2 Korea
6.6.3 India
6.6.4 Southeast Asia
7 Battery Energy Storage Consumption by Regions
7.1 Global Battery Energy Storage Consumption (History Data) by Regions
7.2 United States
7.2.1 United States Battery Energy Storage Consumption by Type
7.2.2 United States Battery Energy Storage Consumption by Application
7.3 European Union
7.3.1 European Union Battery Energy Storage Consumption by Type
7.3.2 European Union Battery Energy Storage Consumption by Application
7.4 China
7.4.1 China Battery Energy Storage Consumption by Type
7.4.2 China Battery Energy Storage Consumption by Application
7.5 Rest of World
7.5.1 Rest of World Battery Energy Storage Consumption by Type
7.5.2 Rest of World Battery Energy Storage Consumption by Application
7.5.1 Japan
7.5.2 Korea
7.5.3 India
7.5.4 Southeast Asia
8 Company Profiles
8.1 Siemens
8.1.1 Siemens Company Details
8.1.2 Company Description and Business Overview
8.1.3 Production and Revenue of Battery Energy Storage
8.1.4 Battery Energy Storage Product Introduction
8.1.5 Siemens Recent Development
8.2 ABB
8.2.1 ABB Company Details
8.2.2 Company Description and Business Overview
8.2.3 Production and Revenue of Battery Energy Storage
8.2.4 Battery Energy Storage Product Introduction
8.2.5 ABB Recent Development
8.3 Samsung SDI
8.3.1 Samsung SDI Company Details
8.3.2 Company Description and Business Overview
8.3.3 Production and Revenue of Battery Energy Storage
8.3.4 Battery Energy Storage Product Introduction
8.3.5 Samsung SDI Recent Development
8.4 Bosch
8.4.1 Bosch Company Details
8.4.2 Company Description and Business Overview
8.4.3 Production and Revenue of Battery Energy Storage
8.4.4 Battery Energy Storage Product Introduction
8.4.5 Bosch Recent Development
8.5 BYD
8.5.1 BYD Company Details
8.5.2 Company Description and Business Overview
8.5.3 Production and Revenue of Battery Energy Storage
8.5.4 Battery Energy Storage Product Introduction
8.5.5 BYD Recent Development
9 Market Forecast
9.1 Global Market Size Forecast
9.1.1 Global Battery Energy Storage Capacity, Production Forecast 2020-2030
9.1.2 Global Battery Energy Storage Production Value Forecast 2020-2030
9.2 Market Forecast by Regions
9.2.1 Global Battery Energy Storage Production and Value Forecast by Regions 2020-2030
9.2.2 Global Battery Energy Storage Consumption Forecast by Regions 2020-2030
9.3 United States
9.3.1 Production and Value Forecast in United States
9.3.2 Consumption Forecast in United States
9.4 European Union
9.4.1 Production and Value Forecast in European Union
9.4.2 Consumption Forecast in European Union
9.5 China
9.5.1 Production and Value Forecast in China
9.5.2 Consumption Forecast in China
9.6 Rest of World
9.6.1 Japan
9.6.2 Korea
9.6.3 India
9.6.4 Southeast Asia
9.7 Forecast by Type
9.7.1 Global Battery Energy Storage Production Forecast by Type
9.7.2 Global Battery Energy Storage Production Value Forecast by Type
9.8 Consumption Forecast by Application
10 Value Chain and Sales Channels Analysis
10.1 Value Chain Analysis
10.2 Sales Channels Analysis
10.2.1 Battery Energy Storage Sales Channels
10.2.2 Battery Energy Storage Distributors
10.3 Battery Energy Storage Customers
11 Opportunities & Challenges, Threat and Affecting Factors
11.1 Market Opportunities
11.2 Market Challenges
11.3 Porters Five Forces Analysis
12 Key Findings
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
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