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> Energy, Power and Mining > Battery Energy Storage System Market
Energy, Power and Mining EP0029 January 2020 Share

Battery Energy Storage System Market

The Battery Energy Storage System market is expected to grow from USD 3.75 billion in 2019 to USD 21.72 billion by 2025 at a CAGR of 34% from 2019 to 2025.

The battery energy storage system market has expanded significantly in recent years owing to the increasing demand for renewable energy sources. Some necessary applications of battery energy storage systems include electrification of the grid and this needs a lot of renewable energy resources, therefore contribute to the consistent increase in demand for battery energy storage systems. Gradual advancement in energy storage technology leads to important value reduction and enhances the efficiency of the battery energy storage system. This, in turn, is probably going to boost its demand within the market throughout the forecast period. The global market is segregated on the basis of Type as Lithium-Ion Batteries, Sodium-Sulfur Batteries, Advanced Lead-Acid Batteries, and Flow Batteries. Based on Connection the market is segmented in On-Grid and Off-Grid. Based on Application the market is segmented in Residential, Non-Residential, and Utilities. Based on Ownership, the market is segmented in Customer Owned, Third-Party Owned, and Utility Owned. The report also bifurcates the market based on Element in Battery and Hardware.

The global market report provides geographical analysis covering regions, such as North America, Europe, Asia-Pacific, and the Rest of the World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

ABB, LG Chem, NEC, Panasonic, Samsung SDI, AEG Power Solutions, General Electric, Hitachi, Siemens AG, Tesla, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

The global Battery Energy Storage System market has been segmented as below:

By Type

  • Lithium-Ion Batteries
  • Sodium-Sulfur Batteries
  • Advanced Lead-Acid Batteries
  • Flow Batteries

By Connection

  • On-Grid
  • Off-Grid

By Application

  • Residential
  • Non-Residential
  • Utilities

By Ownership

  • Customer Owned
  • Third-Party Owned
  • Utility Owned

By Element

  • Battery
  • Hardware

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

By Company

  • ABB
  • LG Chem
  • NEC
  • Panasonic
  • Samsung SDI
  • AEG Power Solutions
  • General Electric
  • Hitachi
  • Siemens AG
  • Tesla

The report covers the below scope:

  • Global market sizes from 2019 to 2025, along with CAGR for 2020-2025
  • Market size comparison for 2020 vs 2025, with actual data for 2020, estimates for 2021 and forecast from 2021 to 2025
  • Global market trends, covering a comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis of competition pattern, portfolio comparisons, development trends, and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2019
  • Estimated year - 2020
  • Projected year - 2021
  • Forecast period - 2021 to 2025

Report Scope:

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include ABB, LG Chem, NEC, Panasonic, Samsung SDI, AEG Power Solutions, General Electric, Hitachi, Siemens AG, Tesla, and others.

Why to Buy this Report:

  • Gain detailed insights on the Battery Energy Storage System industry trends
  • Find a complete analysis of the market status
  • Identify the market opportunities and growth segments
  • Analyze competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted the existing players in the industry is as follows:

  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

  1. Introduction

            1.1 Key Insights

            1.2 Report Overview

            1.3 Markets Covered

            1.4 Stakeholders

  1. Research Methodology

            2.1 Research Scope

            2.2 Market Research Process

            2.3 Research Data Analysis

                        2.4.1 Secondary Research

                        2.4.2 Primary Research

                        2.4.3 Models for Estimation

            2.5 Market Size Estimation

                        2.5.1 Bottom-Up Approach - Segmental Market Analysis

                        2.5.2 Top-Down Approach - Parent Market Analysis

  1. Executive Summary
  2. Market Overview

            4.1 Introduction

                        4.2.1 Drivers

                        4.2.2 Restraints

                        4.2.3 Opportunities

                        4.2.4 Challenges

            4.2 Porter's Five Force Analysis

  1. By Type

            5.1 Introduction

            5.2 Lithium-Ion Batteries

                        5.2.1 Market Overview

                        5.2.2 Market Size and Forecast

            5.3 Sodium-Sulfur Batteries

                        5.3.1 Market Overview

                        5.3.2 Market Size and Forecast

            5.4 Advanced Lead-Acid Batteries

                        5.4.1 Market Overview

                        5.4.2 Market Size and Forecast

            5.5 Flow Batteries

                        5.5.1 Market Overview

                        5.5.2 Market Size and Forecast

  1. By Connection

            6.1 Introduction

            6.2 On-Grid

                        6.2.1 Market Overview

                        6.2.2 Market Size and Forecast

            6.3 Off-Grid

                        6.3.1 Market Overview

                        6.3.2 Market Size and Forecast

  1. By Application

            7.1 Introduction

            7.2 Residential

                        7.2.1 Market Overview

                        7.2.2 Market Size and Forecast

            7.3 Non-Residential

                        7.3.1 Market Overview

                        7.3.2 Market Size and Forecast

            7.4 Utilities

                        7.4.1 Market Overview

                        7.4.2 Market Size and Forecast

  1. By Ownership

            8.1 Introduction

            8.2 Customer-Owned

                        8.2.1 Market Overview

                        8.2.2 Market Size and Forecast

            8.3 Third-Party Owned

                        8.3.1 Market Overview

                        8.3.2 Market Size and Forecast

            8.4 Utility Owned

                        8.4.1 Market Overview

                        8.4.2 Market Size and Forecast

  1. By Element

            9.1 Introduction

            9.2 Battery

                        9.2.1 Market Overview

                        9.2.2 Market Size and Forecast

            9.3 Hardware 

                        9.3.1 Market Overview

                        9.3.2 Market Size and Forecast

  1. By Geography

            10.1 Introduction

            10.2 North America

                        10.2.1 North America Market, By Type

                        10.2.2 North America Market, By Connection

                        10.2.3 North America Market, By Application

                        10.2.4 North America Market, By Ownership

                        10.2.5 North America Market, By Element

            10.3 Europe

                        10.3.1 Europe Market, By Type

                        10.3.2 Europe Market, By Connection

                        10.3.3 Europe Market, By Application

                        10.3.4 Europe Market, By Ownership

                        10.3.5 Europe Market, By Element

            10.4 Asia-Pacific

                        10.4.1 Asia-Pacific Market, By Type

                        10.4.2 Asia-Pacific Market, By Connection

                        10.4.3 Asia-Pacific Market, By Application

                        10.4.4 Asia-Pacific Market, By Ownership

                        10.4.5 Asia-Pacific Market, By Element

            10.5 Rest of the World

                        10.5.1 Rest of the World Market, By Type

                        10.5.2 Rest of the World Market, By Connection

                        10.5.3 Rest of the World Market, By Application

                        10.5.4 Rest of the World Market, By Ownership

                        10.5.5 Rest of the World Market, By Element

  1. Competitive Insights

            11.1 Key Insights

            11.2 Company Market Share Analysis

            11.3 Strategic Outlook

                        11.3.1 Mergers & Acquisitions

                        11.3.2 New Product Development

                        11.3.3 Portfolio/Production Capacity Expansions

                        11.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

                        11.3.5 Others

  1. Company Profiles

            12.1 ABB

                        12.1.1 Company Overview

                        12.1.2 Product/Service Landscape

                        12.1.3 Financial Overview

                        12.1.4 Recent Developments

            12.2 LG Chem

                        12.2.1 Company Overview

                        12.2.2 Product/Service Landscape

                        12.2.3 Financial Overview

                        12.2.4 Recent Developments

            12.3 NEC

                        12.3.1 Company Overview

                        12.3.2 Product/Service Landscape

                        12.3.3 Financial Overview

                        12.3.4 Recent Developments

            12.4 Panasonic

                        12.4.1 Company Overview

                        12.4.2 Product/Service Landscape

                        12.4.3 Financial Overview

                        12.4.4 Recent Developments

            12.5 Samsung SDI

                        12.5.1 Company Overview

                        12.5.2 Product/Service Landscape

                        12.5.3 Financial Overview

                        12.5.4 Recent Developments

            12.6 AEG Power Solutions

                        12.6.1 Company Overview

                        12.6.2 Product/Service Landscape

                        12.6.3 Financial Overview

                        12.6.4 Recent Developments

            12.7 General Electric

                        12.7.1 Company Overview

                        12.7.2 Product/Service Landscape

                        12.7.3 Financial Overview

                        12.7.4 Recent Developments

            12.8 Hitachi

                        12.8.1 Company Overview

                        12.8.2 Product/Service Landscape

                        12.8.3 Financial Overview

                        12.8.4 Recent Developments

            12.9 Siemens AG

                        12.9.1 Company Overview

                        12.9.2 Product/Service Landscape

                        12.9.3 Financial Overview

                        12.9.4 Recent Developments

            12.10 Tesla

                        12.10.1 Company Overview

                        12.10.2 Product/Service Landscape

                        12.10.3 Financial Overview

                        12.10.4 Recent Developments

The global Battery Energy Storage System market has been segmented as below:

By Type

  • Lithium-Ion Batteries
  • Sodium-Sulfur Batteries
  • Advanced Lead-Acid Batteries
  • Flow Batteries

By Connection

  • On-Grid
  • Off-Grid

By Application

  • Residential
  • Non-Residential
  • Utilities

By Ownership

  • Customer Owned
  • Third-Party Owned
  • Utility Owned

By Element

  • Battery
  • Hardware

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

By Company

  • ABB
  • LG Chem
  • NEC
  • Panasonic
  • Samsung SDI
  • AEG Power Solutions
  • General Electric
  • Hitachi
  • Siemens AG
  • Tesla

FAQ's

The global battery energy storage system market size is expected to surpass USD 21.72 billion by 2025.

ABB, LG Chem, NEC, Panasonic, Samsung SDI, AEG Power Solutions, General Electric, Hitachi, Siemens AG, Tesla are among the key players in the global battery energy storage system market. We provide a minimum of 10 company profiles in the report.

The lithium-ion batteries hold a leading market share in the battery energy storage system market share in 2019.

Yes, the individual sections of the report can be purchased. Please contact our sales representative to assist you in this regard.

Market Reports Library offers report customizations according to the client requirements, as we understand that the client requirements may not be solely satisfied by our syndicated reports. We offer a dedicated team for the customizations offering maximum value output for the money spent by the client. The modifications of report scope and additional insights are provided free as post-sale support to an extent of 10% of the report cost.

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