Battery Energy Storage Systems for Smart Grid Market Size By Application, Industry Analysis Report, Regional Outlook (Europe, North America, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
44390 | Date :
Jan, 2023 | Pages :
180 | Region : Global |
Publisher : RI
Owing to the growing consumption of power across the globe, there is a greater need for energy storage as distributed generation. Distributed generation produces power close to the areas where it is consumed so that the distance is reduced, resulting in less transmission and distribution losses. Distributed Energy Resources (DER) will be increasingly used to meet the future electricity demands for residential and industrial customers, utilities and commercial customers. The growing requirement to mitigate the power transmission and distribution losses will propel the demand for distributed generation during the forecast period.
Key factors such as the aging power infrastructure, need for mitigation of cybersecurity risks and accumulation of new resources to the grid has propelled the grid manufacturing companies to opt for ways to make the grid reliable, protect it against cybersecurity, and increase flexibility to make rapid changes according to supply and demand conditions. Many utilities are implementing smart grids that use digital and IT systems to manage the power flow efficiently and effectively. The Americas dominated the battery energy storage market for smart grid and accounted for most 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 Global Battery Energy Storage Systems for Smart Grid Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.
In the global Battery Energy Storage Systems for Smart Grid Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Siemens
ABB
Samsung SDI
GEAlstom
A123
Bosch
BYD
AES Energy Storage
LG Chem
In Market segmentation by geographical regions, the report has analysed 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 :
Secondary Batteries
Flow Batteries
Others
In Market segmentation by applications :
Energy Management
Backup Power
Voltage Support
Load Leveling
Others
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 Systems for Smart Grid Market for the forecast period 2023-2030?
• What are the driving forces in the Battery Energy Storage Systems for Smart Grid 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 Systems for Smart Grid 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 Systems for Smart Grid Market Size Growth Rate by Type (2020-2030)
1.3.2 Secondary Batteries
1.3.3 Flow Batteries
1.3.4 Others
1.4 Market Segment by Application
1.4.1 Global Battery Energy Storage Systems for Smart Grid Market Share by Application (2020-2030)
1.4.2 Energy Management
1.4.3 Backup Power
1.4.4 Voltage Support
1.4.5 Load Leveling
1.4.6 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 Systems for Smart Grid Production Value 2015-2030
2.1.2 Global Battery Energy Storage Systems for Smart Grid Production 2015-2030
2.1.3 Global Battery Energy Storage Systems for Smart Grid Capacity 2015-2030
2.1.4 Global Battery Energy Storage Systems for Smart Grid Marketing Pricing and Trends
2.2 Key Producers Growth Rate (CAGR) 2020-2030
2.2.1 Global Battery Energy Storage Systems for Smart Grid Market Size CAGR of Key Regions
2.2.2 Global Battery Energy Storage Systems for Smart Grid 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 Systems for Smart Grid Capacity by Manufacturers
3.1.2 Global Battery Energy Storage Systems for Smart Grid Production by Manufacturers
3.2 Revenue by Manufacturers
3.2.1 Battery Energy Storage Systems for Smart Grid Revenue by Manufacturers (2018-2022)
3.2.2 Battery Energy Storage Systems for Smart Grid Revenue Share by Manufacturers (2018-2022)
3.2.3 Global Battery Energy Storage Systems for Smart Grid Market Concentration Ratio (CR5 and HHI)
3.3 Battery Energy Storage Systems for Smart Grid Price by Manufacturers
3.4 Key Manufacturers Battery Energy Storage Systems for Smart Grid Plants/Factories Distribution and Area Served
3.5 Date of Key Manufacturers Enter into Battery Energy Storage Systems for Smart Grid Market
3.6 Key Manufacturers Battery Energy Storage Systems for Smart Grid 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 Secondary Batteries Production and Production Value (2018-2022)
4.1.2 Flow Batteries Production and Production Value (2018-2022)
4.1.3 Others Production and Production Value (2018-2022)
4.2 Global Battery Energy Storage Systems for Smart Grid Production Market Share by Type
4.3 Global Battery Energy Storage Systems for Smart Grid Production Value Market Share by Type
4.4 Battery Energy Storage Systems for Smart Grid Ex-factory Price by Type
5 Market Size by Application
5.1 Overview
5.2 Global Battery Energy Storage Systems for Smart Grid Consumption by Application
6 Production by Regions
6.1 Global Battery Energy Storage Systems for Smart Grid Production (History Data) by Regions 2015-2020
6.2 Global Battery Energy Storage Systems for Smart Grid Production Value (History Data) by Regions
6.3 United States
6.3.1 United States Battery Energy Storage Systems for Smart Grid Production Growth Rate 2015-2020
6.3.2 United States Battery Energy Storage Systems for Smart Grid Production Value Growth Rate 2015-2020
6.3.3 Key Players in United States
6.3.4 United States Battery Energy Storage Systems for Smart Grid Import & Export
6.4 European Union
6.4.1 European Union Battery Energy Storage Systems for Smart Grid Production Growth Rate 2015-2020
6.4.2 European Union Battery Energy Storage Systems for Smart Grid Production Value Growth Rate 2015-2020
6.4.3 Key Players in European Union
6.4.4 European Union Battery Energy Storage Systems for Smart Grid Import & Export
6.5 China
6.5.1 China Battery Energy Storage Systems for Smart Grid Production Growth Rate 2015-2020
6.5.2 China Battery Energy Storage Systems for Smart Grid Production Value Growth Rate 2015-2020
6.5.3 Key Players in China
6.5.4 China Battery Energy Storage Systems for Smart Grid 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 Systems for Smart Grid Consumption by Regions
7.1 Global Battery Energy Storage Systems for Smart Grid Consumption (History Data) by Regions
7.2 United States
7.2.1 United States Battery Energy Storage Systems for Smart Grid Consumption by Type
7.2.2 United States Battery Energy Storage Systems for Smart Grid Consumption by Application
7.3 European Union
7.3.1 European Union Battery Energy Storage Systems for Smart Grid Consumption by Type
7.3.2 European Union Battery Energy Storage Systems for Smart Grid Consumption by Application
7.4 China
7.4.1 China Battery Energy Storage Systems for Smart Grid Consumption by Type
7.4.2 China Battery Energy Storage Systems for Smart Grid Consumption by Application
7.5 Rest of World
7.5.1 Rest of World Battery Energy Storage Systems for Smart Grid Consumption by Type
7.5.2 Rest of World Battery Energy Storage Systems for Smart Grid 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 Systems for Smart Grid
8.1.4 Battery Energy Storage Systems for Smart Grid 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 Systems for Smart Grid
8.2.4 Battery Energy Storage Systems for Smart Grid 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 Systems for Smart Grid
8.3.4 Battery Energy Storage Systems for Smart Grid Product Introduction
8.3.5 Samsung SDI Recent Development
8.4 GEAlstom
8.4.1 GEAlstom Company Details
8.4.2 Company Description and Business Overview
8.4.3 Production and Revenue of Battery Energy Storage Systems for Smart Grid
8.4.4 Battery Energy Storage Systems for Smart Grid Product Introduction
8.4.5 GEAlstom Recent Development
8.5 A123
8.5.1 A123 Company Details
8.5.2 Company Description and Business Overview
8.5.3 Production and Revenue of Battery Energy Storage Systems for Smart Grid
8.5.4 Battery Energy Storage Systems for Smart Grid Product Introduction
8.5.5 A123 Recent Development
8.6 Bosch
8.6.1 Bosch Company Details
8.6.2 Company Description and Business Overview
8.6.3 Production and Revenue of Battery Energy Storage Systems for Smart Grid
8.6.4 Battery Energy Storage Systems for Smart Grid Product Introduction
8.6.5 Bosch Recent Development
8.7 BYD
8.7.1 BYD Company Details
8.7.2 Company Description and Business Overview
8.7.3 Production and Revenue of Battery Energy Storage Systems for Smart Grid
8.7.4 Battery Energy Storage Systems for Smart Grid Product Introduction
8.7.5 BYD Recent Development
8.8 AES Energy Storage
8.8.1 AES Energy Storage Company Details
8.8.2 Company Description and Business Overview
8.8.3 Production and Revenue of Battery Energy Storage Systems for Smart Grid
8.8.4 Battery Energy Storage Systems for Smart Grid Product Introduction
8.8.5 AES Energy Storage Recent Development
8.9 LG Chem
8.9.1 LG Chem Company Details
8.9.2 Company Description and Business Overview
8.9.3 Production and Revenue of Battery Energy Storage Systems for Smart Grid
8.9.4 Battery Energy Storage Systems for Smart Grid Product Introduction
8.9.5 LG Chem Recent Development
9 Market Forecast
9.1 Global Market Size Forecast
9.1.1 Global Battery Energy Storage Systems for Smart Grid Capacity, Production Forecast 2020-2030
9.1.2 Global Battery Energy Storage Systems for Smart Grid Production Value Forecast 2020-2030
9.2 Market Forecast by Regions
9.2.1 Global Battery Energy Storage Systems for Smart Grid Production and Value Forecast by Regions 2020-2030
9.2.2 Global Battery Energy Storage Systems for Smart Grid 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 Systems for Smart Grid Production Forecast by Type
9.7.2 Global Battery Energy Storage Systems for Smart Grid 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 Systems for Smart Grid Sales Channels
10.2.2 Battery Energy Storage Systems for Smart Grid Distributors
10.3 Battery Energy Storage Systems for Smart Grid 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
Research Methodology
The Market Research Update offers technology-driven solutions and its full integration in the research process to be skilled at every step. We use diverse assets to produce the best results for our clients. The success of a research project is completely reliant on the research process adopted by the company. Market Research Update assists its clients to recognize opportunities by examining the global market and offering economic insights. We are proud of our extensive coverage that encompasses the understanding of numerous major industry domains.
Market Research Update provide consistency in our research report, also we provide on the part of the analysis of forecast across a gamut of coverage geographies and coverage. The research teams carry out primary and secondary research to implement and design the data collection procedure. The research team then analyzes data about the latest trends and major issues in reference to each industry and country. This helps to determine the anticipated market-related procedures in the future. The company offers technology-driven solutions and its full incorporation in the research method to be skilled at each step.
The Company's Research Process Has the Following Advantages:
Information Procurement
The step comprises the procurement of market-related information or data via different methodologies & sources.
Information Investigation
This step comprises the mapping and investigation of all the information procured from the earlier step. It also includes the analysis of data differences observed across numerous data sources.
Highly Authentic Source
We offer highly authentic information from numerous sources. To fulfills the client’s requirement.
Market Formulation
This step entails the placement of data points at suitable market spaces in an effort to assume possible conclusions. Analyst viewpoint and subject matter specialist based examining the form of market sizing also plays an essential role in this step.
Validation & Publishing of Information
Validation is a significant step in the procedure. Validation via an intricately designed procedure assists us to conclude data-points to be used for final calculations.
We are flexible and responsive startup research firm. We adapt as your research requires change, with cost-effectiveness and highly researched report that larger companies can't match.
Information Safety
Market Research Update ensure that we deliver best reports. We care about the confidential and personal information quality, safety, of reports. We use Authorize secure payment process.
We Are Committed to Quality and Deadlines
We offer quality of reports within deadlines. We've worked hard to find the best ways to offer our customers results-oriented and process driven consulting services.
Our Remarkable Track Record
We concentrate on developing lasting and strong client relationship. At present, we hold numerous preferred relationships with industry leading firms that have relied on us constantly for their research requirements.
Best Service Assured
Buy reports from our executives that best suits your need and helps you stay ahead of the competition.
Customized Research Reports
Our research services are custom-made especially to you and your firm in order to discover practical growth recommendations and strategies. We don't stick to a one size fits all strategy. We appreciate that your business has particular research necessities.
Service Assurance
At Market Research Update, we are dedicated to offer the best probable recommendations and service to all our clients. You will be able to speak to experienced analyst who will be aware of your research requirements precisely.
