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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.
Scope of the Report:
This report focuses on the Battery Energy Storage in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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 worldwide market for Battery Energy Storage is expected to grow at a CAGR of roughly 32.6% over the next five years, will reach 8260 million US$ in 2023, from 1520 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Siemens
ABB
Samsung SDI
Bosch
BYD
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Li-Ion Batteries
Lead-Acid Batteries
Sodium Sulfur Batteries
Market Segment by Applications, can be divided into
Residential
Non-Residential
Utilities
Others
There are 15 Chapters to deeply display the global Battery Energy Storage market.
Chapter 1, to describe Battery Energy Storage Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Battery Energy Storage, with sales, revenue, and price of Battery Energy Storage, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Battery Energy Storage, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Battery Energy Storage market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Battery Energy Storage sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Market Overview
1.1 Battery Energy Storage Introduction
1.2 Market Analysis by Type
1.2.1 Li-Ion Batteries
1.2.2 Lead-Acid Batteries
1.2.3 Sodium Sulfur Batteries
1.3 Market Analysis by Applications
1.3.1 Residential
1.3.2 Non-Residential
1.3.3 Utilities
1.3.4 Others
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2013-2023)
1.4.1.2 Canada Market States and Outlook (2013-2023)
1.4.1.3 Mexico Market States and Outlook (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2013-2023)
1.4.2.2 France Market States and Outlook (2013-2023)
1.4.2.3 UK Market States and Outlook (2013-2023)
1.4.2.4 Russia Market States and Outlook (2013-2023)
1.4.2.5 Italy Market States and Outlook (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2013-2023)
1.4.3.2 Japan Market States and Outlook (2013-2023)
1.4.3.3 Korea Market States and Outlook (2013-2023)
1.4.3.4 India Market States and Outlook (2013-2023)
1.4.3.5 Southeast Asia Market States and Outlook (2013-2023)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2013-2023)
1.4.4.2 Egypt Market States and Outlook (2013-2023)
1.4.4.3 Saudi Arabia Market States and Outlook (2013-2023)
1.4.4.4 South Africa Market States and Outlook (2013-2023)
1.4.4.5 Nigeria Market States and Outlook (2013-2023)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1 Siemens
2.1.1 Business Overview
2.1.2 Battery Energy Storage Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Siemens Battery Energy Storage Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.2 ABB
2.2.1 Business Overview
2.2.2 Battery Energy Storage Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 ABB Battery Energy Storage Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.3 Samsung SDI
2.3.1 Business Overview
2.3.2 Battery Energy Storage Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 Samsung SDI Battery Energy Storage Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.4 Bosch
2.4.1 Business Overview
2.4.2 Battery Energy Storage Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Bosch Battery Energy Storage Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.5 BYD
2.5.1 Business Overview
2.5.2 Battery Energy Storage Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 BYD Battery Energy Storage Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
3 Global Battery Energy Storage Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
3.1 Global Battery Energy Storage Sales and Market Share by Manufacturer (2016-2017)
3.2 Global Battery Energy Storage Revenue and Market Share by Manufacturer (2016-2017)
3.3 Market Concentration Rate
3.3.1 Top 3 Battery Energy Storage Manufacturer Market Share in 2017
3.3.2 Top 6 Battery Energy Storage Manufacturer Market Share in 2017
3.4 Market Competition Trend
4 Global Battery Energy Storage Market Analysis by Regions
4.1 Global Battery Energy Storage Sales, Revenue and Market Share by Regions
4.1.1 Global Battery Energy Storage Sales and Market Share by Regions (2013-2018)
4.1.2 Global Battery Energy Storage Revenue and Market Share by Regions (2013-2018)
4.2 North America Battery Energy Storage Sales and Growth Rate (2013-2018)
4.3 Europe Battery Energy Storage Sales and Growth Rate (2013-2018)
4.4 Asia-Pacific Battery Energy Storage Sales and Growth Rate (2013-2018)
4.5 South America Battery Energy Storage Sales and Growth Rate (2013-2018)
4.6 Middle East and Africa Battery Energy Storage Sales and Growth Rate (2013-2018)
5 North America Battery Energy Storage by Countries
5.1 North America Battery Energy Storage Sales, Revenue and Market Share by Countries
5.1.1 North America Battery Energy Storage Sales and Market Share by Countries (2013-2018)
5.1.2 North America Battery Energy Storage Revenue and Market Share by Countries (2013-2018)
5.2 United States Battery Energy Storage Sales and Growth Rate (2013-2018)
5.3 Canada Battery Energy Storage Sales and Growth Rate (2013-2018)
5.4 Mexico Battery Energy Storage Sales and Growth Rate (2013-2018)
6 Europe Battery Energy Storage by Countries
6.1 Europe Battery Energy Storage Sales, Revenue and Market Share by Countries
6.1.1 Europe Battery Energy Storage Sales and Market Share by Countries (2013-2018)
6.1.2 Europe Battery Energy Storage Revenue and Market Share by Countries (2013-2018)
6.2 Germany Battery Energy Storage Sales and Growth Rate (2013-2018)
6.3 UK Battery Energy Storage Sales and Growth Rate (2013-2018)
6.4 France Battery Energy Storage Sales and Growth Rate (2013-2018)
6.5 Russia Battery Energy Storage Sales and Growth Rate (2013-2018)
6.6 Italy Battery Energy Storage Sales and Growth Rate (2013-2018)
7 Asia-Pacific Battery Energy Storage by Countries
7.1 Asia-Pacific Battery Energy Storage Sales, Revenue and Market Share by Countries
7.1.1 Asia-Pacific Battery Energy Storage Sales and Market Share by Countries (2013-2018)
7.1.2 Asia-Pacific Battery Energy Storage Revenue and Market Share by Countries (2013-2018)
7.2 China Battery Energy Storage Sales and Growth Rate (2013-2018)
7.3 Japan Battery Energy Storage Sales and Growth Rate (2013-2018)
7.4 Korea Battery Energy Storage Sales and Growth Rate (2013-2018)
7.5 India Battery Energy Storage Sales and Growth Rate (2013-2018)
7.6 Southeast Asia Battery Energy Storage Sales and Growth Rate (2013-2018)
8 South America Battery Energy Storage by Countries
8.1 South America Battery Energy Storage Sales, Revenue and Market Share by Countries
8.1.1 South America Battery Energy Storage Sales and Market Share by Countries (2013-2018)
8.1.2 South America Battery Energy Storage Revenue and Market Share by Countries (2013-2018)
8.2 Brazil Battery Energy Storage Sales and Growth Rate (2013-2018)
8.3 Argentina Battery Energy Storage Sales and Growth Rate (2013-2018)
8.4 Colombia Battery Energy Storage Sales and Growth Rate (2013-2018)
9 Middle East and Africa Battery Energy Storage by Countries
9.1 Middle East and Africa Battery Energy Storage Sales, Revenue and Market Share by Countries
9.1.1 Middle East and Africa Battery Energy Storage Sales and Market Share by Countries (2013-2018)
9.1.2 Middle East and Africa Battery Energy Storage Revenue and Market Share by Countries (2013-2018)
9.2 Saudi Arabia Battery Energy Storage Sales and Growth Rate (2013-2018)
9.3 UAE Battery Energy Storage Sales and Growth Rate (2013-2018)
9.4 Egypt Battery Energy Storage Sales and Growth Rate (2013-2018)
9.5 Nigeria Battery Energy Storage Sales and Growth Rate (2013-2018)
9.6 South Africa Battery Energy Storage Sales and Growth Rate (2013-2018)
10 Global Battery Energy Storage Market Segment by Type
10.1 Global Battery Energy Storage Sales, Revenue and Market Share by Type (2013-2018)
10.1.1 Global Battery Energy Storage Sales and Market Share by Type (2013-2018)
10.1.2 Global Battery Energy Storage Revenue and Market Share by Type (2013-2018)
10.2 Li-Ion Batteries Sales Growth and Price
10.2.1 Global Li-Ion Batteries Sales Growth (2013-2018)
10.2.2 Global Li-Ion Batteries Price (2013-2018)
10.3 Lead-Acid Batteries Sales Growth and Price
10.3.1 Global Lead-Acid Batteries Sales Growth (2013-2018)
10.3.2 Global Lead-Acid Batteries Price (2013-2018)
10.4 Sodium Sulfur Batteries Sales Growth and Price
10.4.1 Global Sodium Sulfur Batteries Sales Growth (2013-2018)
10.4.2 Global Sodium Sulfur Batteries Price (2013-2018)
11 Global Battery Energy Storage Market Segment by Application
11.1 Global Battery Energy Storage Sales Market Share by Application (2013-2018)
11.2 Residential Sales Growth (2013-2018)
11.3 Non-Residential Sales Growth (2013-2018)
11.4 Utilities Sales Growth (2013-2018)
11.5 Others Sales Growth (2013-2018)
12 Battery Energy Storage Market Forecast (2018-2023)
12.1 Global Battery Energy Storage Sales, Revenue and Growth Rate (2018-2023)
12.2 Battery Energy Storage Market Forecast by Regions (2018-2023)
12.2.1 North America Battery Energy Storage Market Forecast (2018-2023)
12.2.2 Europe Battery Energy Storage Market Forecast (2018-2023)
12.2.3 Asia-Pacific Battery Energy Storage Market Forecast (2018-2023)
12.2.4 South America Battery Energy Storage Market Forecast (2018-2023)
12.2.5 Middle East and Africa Battery Energy Storage Market Forecast (2018-2023)
12.3 Battery Energy Storage Market Forecast by Type (2018-2023)
12.3.1 Global Battery Energy Storage Sales Forecast by Type (2018-2023)
12.3.2 Global Battery Energy Storage Market Share Forecast by Type (2018-2023)
12.4 Battery Energy Storage Market Forecast by Application (2018-2023)
12.4.1 Global Battery Energy Storage Sales Forecast by Application (2018-2023)
12.4.2 Global Battery Energy Storage Market Share Forecast by Application (2018-2023)
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.1.3 Marketing Channel Future Trend
13.2 Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Data Source
List of Tables and Figures
Figure Battery Energy Storage Picture
Table Product Specifications of Battery Energy Storage
Figure Global Sales Market Share of Battery Energy Storage by Types in 2017
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