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Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is generally called an accumulator or battery.
In the coming years there is an increasing demand for Energy Storage Systems (ESS) in the regions of Europe and United States that is expected to drive the market for more advanced Energy Storage Systems (ESS). Increasing of residential fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Energy Storage Systems (ESS) will drive growth in global market.
The Energy Storage Systems (ESS) industry market is low concentrated as the manufacturing technology of Energy Storage Systems (ESS) is relatively matures than some high-tech equipment. And some enterprises, like Samsung SDI, LG Chem, Hitachi, Kokam, etc. are well-known for the wonderful performance of their Energy Storage Systems (ESS) and related services. At the same time, Asia-Pacific, occupied 40% sales market share in 2018, is remarkable in the global Energy Storage Systems (ESS) industry because of their lowest cost of raw material and labor.
According to this study, over the next five years the Energy Storage Systems (ESS) market will register a 27.9% CAGR in terms of revenue, the global market size will reach US$ 9373.6 million by 2024, from US$ 2736 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Energy Storage Systems (ESS) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Energy Storage Systems (ESS) market by product type, application, key manufacturers and key regions and countries.
This study considers the Energy Storage Systems (ESS) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Lithium
Lead Acid
NaS
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential
Utility & Commercial
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Samsung SDI
LG Chem
Hitachi
Kokam
Fluence Energy
LSIS
SMA Solar Technology
NGK
General Electric
Primus
Panasonic
BYD
Younicos
ABB
Saft Batteries
Lockheed Martin Energy
Eos Energy Storage
Con Edison Solutions
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Energy Storage Systems (ESS) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Energy Storage Systems (ESS) market by identifying its various subsegments.
Focuses on the key global Energy Storage Systems (ESS) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Energy Storage Systems (ESS) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Energy Storage Systems (ESS) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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
2019-2024 Global Energy Storage Systems (ESS) Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Energy Storage Systems (ESS) Consumption 2014-2024
2.1.2 Energy Storage Systems (ESS) Consumption CAGR by Region
2.2 Energy Storage Systems (ESS) Segment by Type
2.2.1 Lithium
2.2.2 Lead Acid
2.2.3 NaS
2.2.4 Others
2.3 Energy Storage Systems (ESS) Consumption by Type
2.3.1 Global Energy Storage Systems (ESS) Consumption Market Share by Type (2014-2019)
2.3.2 Global Energy Storage Systems (ESS) Revenue and Market Share by Type (2014-2019)
2.3.3 Global Energy Storage Systems (ESS) Sale Price by Type (2014-2019)
2.4 Energy Storage Systems (ESS) Segment by Application
2.4.1 Residential
2.4.2 Utility & Commercial
2.5 Energy Storage Systems (ESS) Consumption by Application
2.5.1 Global Energy Storage Systems (ESS) Consumption Market Share by Application (2014-2019)
2.5.2 Global Energy Storage Systems (ESS) Value and Market Share by Application (2014-2019)
2.5.3 Global Energy Storage Systems (ESS) Sale Price by Application (2014-2019)
3 Global Energy Storage Systems (ESS) by Manufacturers
3.1 Global Energy Storage Systems (ESS) Sales Market Share by Manufacturers
3.1.1 Global Energy Storage Systems (ESS) Sales by Manufacturers (2017-2019)
3.1.2 Global Energy Storage Systems (ESS) Sales Market Share by Manufacturers (2017-2019)
3.2 Global Energy Storage Systems (ESS) Revenue Market Share by Manufacturers
3.2.1 Global Energy Storage Systems (ESS) Revenue by Manufacturers (2017-2019)
3.2.2 Global Energy Storage Systems (ESS) Revenue Market Share by Manufacturers (2017-2019)
3.3 Global Energy Storage Systems (ESS) Sale Price by Manufacturers
3.4 Global Energy Storage Systems (ESS) Manufacturing Base Distribution, Sales Area, Product Types by Manufacturers
3.4.1 Global Energy Storage Systems (ESS) Manufacturing Base Distribution and Sales Area by Manufacturers
3.4.2 Players Energy Storage Systems (ESS) Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 Energy Storage Systems (ESS) by Regions
4.1 Energy Storage Systems (ESS) by Regions
4.1.1 Global Energy Storage Systems (ESS) Consumption by Regions
4.1.2 Global Energy Storage Systems (ESS) Value by Regions
4.2 Americas Energy Storage Systems (ESS) Consumption Growth
4.3 APAC Energy Storage Systems (ESS) Consumption Growth
4.4 Europe Energy Storage Systems (ESS) Consumption Growth
4.5 Middle East & Africa Energy Storage Systems (ESS) Consumption Growth
5 Americas
5.1 Americas Energy Storage Systems (ESS) Consumption by Countries
5.1.1 Americas Energy Storage Systems (ESS) Consumption by Countries (2014-2019)
5.1.2 Americas Energy Storage Systems (ESS) Value by Countries (2014-2019)
5.2 Americas Energy Storage Systems (ESS) Consumption by Type
5.3 Americas Energy Storage Systems (ESS) Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Energy Storage Systems (ESS) Consumption by Countries
6.1.1 APAC Energy Storage Systems (ESS) Consumption by Countries (2014-2019)
6.1.2 APAC Energy Storage Systems (ESS) Value by Countries (2014-2019)
6.2 APAC Energy Storage Systems (ESS) Consumption by Type
6.3 APAC Energy Storage Systems (ESS) Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Energy Storage Systems (ESS) by Countries
7.1.1 Europe Energy Storage Systems (ESS) Consumption by Countries (2014-2019)
7.1.2 Europe Energy Storage Systems (ESS) Value by Countries (2014-2019)
7.2 Europe Energy Storage Systems (ESS) Consumption by Type
7.3 Europe Energy Storage Systems (ESS) Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa Energy Storage Systems (ESS) by Countries
8.1.1 Middle East & Africa Energy Storage Systems (ESS) Consumption by Countries (2014-2019)
8.1.2 Middle East & Africa Energy Storage Systems (ESS) Value by Countries (2014-2019)
8.2 Middle East & Africa Energy Storage Systems (ESS) Consumption by Type
8.3 Middle East & Africa Energy Storage Systems (ESS) Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Marketing, Distributors and Customer
10.1 Sales Channel
10.1.1 Direct Channels
10.1.2 Indirect Channels
10.2 Energy Storage Systems (ESS) Distributors
10.3 Energy Storage Systems (ESS) Customer
11 Global Energy Storage Systems (ESS) Market Forecast
11.1 Global Energy Storage Systems (ESS) Consumption Forecast (2019-2024)
11.2 Global Energy Storage Systems (ESS) Forecast by Regions
11.2.1 Global Energy Storage Systems (ESS) Forecast by Regions (2019-2024)
11.2.2 Global Energy Storage Systems (ESS) Value Forecast by Regions (2019-2024)
11.2.3 Americas Consumption Forecast
11.2.4 APAC Consumption Forecast
11.2.5 Europe Consumption Forecast
11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
11.3.1 United States Market Forecast
11.3.2 Canada Market Forecast
11.3.3 Mexico Market Forecast
11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
11.4.1 China Market Forecast
11.4.2 Japan Market Forecast
11.4.3 Korea Market Forecast
11.4.4 Southeast Asia Market Forecast
11.4.5 India Market Forecast
11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
11.5.1 Germany Market Forecast
11.5.2 France Market Forecast
11.5.3 UK Market Forecast
11.5.4 Italy Market Forecast
11.5.5 Russia Market Forecast
11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
11.6.1 Egypt Market Forecast
11.6.2 South Africa Market Forecast
11.6.3 Israel Market Forecast
11.6.4 Turkey Market Forecast
11.6.5 GCC Countries Market Forecast
11.7 Global Energy Storage Systems (ESS) Forecast by Type
11.8 Global Energy Storage Systems (ESS) Forecast by Application
12 Key Players Analysis
12.1 Samsung SDI
12.1.1 Company Details
12.1.2 Energy Storage Systems (ESS) Product Offered
12.1.3 Samsung SDI Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.1.4 Main Business Overview
12.1.5 Samsung SDI News
12.2 LG Chem
12.2.1 Company Details
12.2.2 Energy Storage Systems (ESS) Product Offered
12.2.3 LG Chem Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.2.4 Main Business Overview
12.2.5 LG Chem News
12.3 Hitachi
12.3.1 Company Details
12.3.2 Energy Storage Systems (ESS) Product Offered
12.3.3 Hitachi Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.3.4 Main Business Overview
12.3.5 Hitachi News
12.4 Kokam
12.4.1 Company Details
12.4.2 Energy Storage Systems (ESS) Product Offered
12.4.3 Kokam Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.4.4 Main Business Overview
12.4.5 Kokam News
12.5 Fluence Energy
12.5.1 Company Details
12.5.2 Energy Storage Systems (ESS) Product Offered
12.5.3 Fluence Energy Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.5.4 Main Business Overview
12.5.5 Fluence Energy News
12.6 LSIS
12.6.1 Company Details
12.6.2 Energy Storage Systems (ESS) Product Offered
12.6.3 LSIS Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.6.4 Main Business Overview
12.6.5 LSIS News
12.7 SMA Solar Technology
12.7.1 Company Details
12.7.2 Energy Storage Systems (ESS) Product Offered
12.7.3 SMA Solar Technology Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.7.4 Main Business Overview
12.7.5 SMA Solar Technology News
12.8 NGK
12.8.1 Company Details
12.8.2 Energy Storage Systems (ESS) Product Offered
12.8.3 NGK Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.8.4 Main Business Overview
12.8.5 NGK News
12.9 General Electric
12.9.1 Company Details
12.9.2 Energy Storage Systems (ESS) Product Offered
12.9.3 General Electric Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.9.4 Main Business Overview
12.9.5 General Electric News
12.10 Primus
12.10.1 Company Details
12.10.2 Energy Storage Systems (ESS) Product Offered
12.10.3 Primus Energy Storage Systems (ESS) Sales, Revenue, Price and Gross Margin (2017-2019)
12.10.4 Main Business Overview
12.10.5 Primus News
12.11 Panasonic
12.12 BYD
12.13 Younicos
12.14 ABB
12.15 Saft Batteries
12.16 Lockheed Martin Energy
12.17 Eos Energy Storage
12.18 Con Edison Solutions
13 Research Findings and Conclusion
List of Tables and Figures
Figure Picture of Energy Storage Systems (ESS)
Table Product Specifications of Energy Storage Systems (ESS)
Figure Energy Storage Systems (ESS) Report Years Con
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