Report Detail
Global Battery Energy Storage System Market to reach at USD 20.8 billion by 2026
- RnM3888092 |
- 17 February, 2020 |
- Global |
- 200 Pages |
- Bizwit Research & Consulting LLP |
- Other
Global Battery Energy Storage System Market is valued approximately USD 2 billion in 2018 and is anticipated to grow with a growth rate of more than 34% over the forecast period 2019-2026. Battery Energy Storage System are used to store electricity that is generated from power plants., Then this electricity is supplied to consumers when power generation from renewable power plant fluctuates due to weather conditions. The growth is attributed to the lithium-ion batteries which are light weight than nickel–cadmium and nickel metal-hydride batteries, also high energy and power density in terms of volume, high charge/discharge efficiency, and low maintenance needs. Moreover, the increasing demand for grid-connected solutions and high demand for the lithium-ion technology in the renewable energy industry has enhanced the growth of this market over the forecast period. The rising global population along with declining prices of lithium-ion batteries boost the market growth. The adoption of grid systems improves the reliability and flexibility of the electricity supply system with respect to generation, transmission, and distribution and increasing disposable income will boost the growth of global Battery Energy Storage System market over the forecast period of 2019-2026.
The regional analysis of global Battery Energy Storage System Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to the demand for battery energy storage systems from China, India, and Japan is gradually increasing. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as high disposable income, rising adoption of grid-connected solutions and high demand for the lithium-ion technology would create lucrative growth prospects for the Battery Energy Storage System Market across Asia Pacific region.
Major market player included in this report are:
ABB
LG Chem
NEC
Panasonic
Samsung SDI
AEG Power Solutions
General Electric
Hitachi
Siemens AG
Tesla
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Element offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Element:
Battery
Hardware
Other Elements
By Battery Type:
Lithium-Ion Batteries
Sodium–Sulphur Batteries
Advanced Lead-Acid Batteries
Flow Batteries
Others
By Connection Type:
On-Grid Connection
Off-Grid Connection
By Ownership:
Customer Owned
Third-Party Owned
Utility Owned
By Application:
Residential
Non-Residential
Utilities
Other Applications
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016,2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Battery Energy Storage System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
- 1.2.1. Battery Energy Storage System Market, by Region, 2017-2026 (USD Billion)
- 1.2.2. Battery Energy Storage System Market, by Element, 2017-2026 (USD Billion)
- 1.2.3. Battery Energy Storage System Market, by Battery Type, 2017-2026 (USD Billion)
- 1.2.4. Battery Energy Storage System Market, by Connection Type, 2017-2026 (USD Billion)
- 1.2.5. Battery Energy Storage System Market, by Ownership, 2017-2026 (USD Billion)
- 1.2.6. Battery Energy Storage System Market, by Application, 2017-2026 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Battery Energy Storage System Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Type Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Battery Energy Storage System Market Dynamics
- 3.1. Battery Energy Storage System Market Impact Analysis (2018-2026)
- 3.1.1. Market Drivers
- 3.1.2. Market Challenges
- 3.1.3. Market Opportunities
Chapter 4. Global Battery Energy Storage System Market Type Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Battery Energy Storage System Market, by Element
- 5.1. Market Snapshot
- 5.2. Global Battery Energy Storage System Market by Element, Performance - Potential Analysis
- 5.3. Global Battery Energy Storage System Market Estimates & Forecasts by Element 2016-2026 (USD Billion)
- 5.4. Battery Energy Storage System Market, Sub Segment Analysis
- 5.4.1. Battery
- 5.4.2. Hardware
- 5.4.3. Other Elements
Chapter 6. Global Battery Energy Storage System Market, by Battery Type
- 6.1. Market Snapshot
- 6.2. Global Battery Energy Storage System Market by Battery Type, Performance - Potential Analysis
- 6.3. Global Battery Energy Storage System Market Estimates & Forecasts by Battery Type 2016-2026 (USD Billion)
- 6.4. Battery Energy Storage System Market, Sub Segment Analysis
- 6.4.1. Lithium-Ion Batteries
- 6.4.2. Sodium–Sulphur Batteries
- 6.4.3. Advanced Lead-Acid Batteries
- 6.4.4. Flow Batteries
- 6.4.5. Others
- 6.4.6. Global Battery Energy Storage System Market, by Connection Type
- 6.5. Market Snapshot
- 6.6. Global Battery Energy Storage System Market by Connection Type, Performance - Potential Analysis
- 6.7. Global Battery Energy Storage System Market Estimates & Forecasts by Connection Type 2016-2026 (USD Billion)
- 6.8. Battery Energy Storage System Market, Sub Segment Analysis
- 6.8.1. On-Grid Connection
- 6.8.2. Off-Grid Connection
Chapter 7. Global Battery Energy Storage System Market, by Ownership
- 7.1. Market Snapshot
- 7.2. Global Battery Energy Storage System Market by Ownership, Performance - Potential Analysis
- 7.3. Global Battery Energy Storage System Market Estimates & Forecasts by Ownership 2016-2026 (USD Billion)
- 7.4. Battery Energy Storage System Market, Sub Segment Analysis
- 7.4.1. Customer Owned
- 7.4.2. Third-Party Owned
- 7.4.3. Utility Owned
Chapter 8. Global Battery Energy Storage System Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Battery Energy Storage System Market by Application, Performance - Potential Analysis
- 8.3. Global Battery Energy Storage System Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
- 8.4. Battery Energy Storage System Market, Sub Segment Analysis
- 8.4.1. Residential
- 8.4.2. Non-Residential
- 8.4.3. Utilities
- 8.4.4. Other Applications
Chapter 9. Global Battery Energy Storage System Market, Regional Analysis
- 9.1. Battery Energy Storage System Market, Regional Market Snapshot
- 9.2. North America Battery Energy Storage System Market
- 9.2.1. U.S. Battery Energy Storage System Market
- 9.2.1.1. Element breakdown estimates & forecasts, 2016-2026
- 9.2.1.2. Battery Type breakdown estimates & forecasts, 2016-2026
- 9.2.1.3. Connection Type breakdown estimates & forecasts, 2016-2026
- 9.2.1.4. Ownership breakdown estimates & forecasts, 2016-2026
- 9.2.1.5. Application breakdown estimates & forecasts, 2016-2026
- 9.2.2. Canada Battery Energy Storage System Market
- 9.2.1. U.S. Battery Energy Storage System Market
- 9.3. Europe Battery Energy Storage System Market Snapshot
- 9.3.1. U.K. Battery Energy Storage System Market
- 9.3.2. Germany Battery Energy Storage System Market
- 9.3.3. Rest of Europe Battery Energy Storage System Market
- 9.4. Asia-Pacific Battery Energy Storage System Market Snapshot
- 9.4.1. China Battery Energy Storage System Market
- 9.4.2. India Battery Energy Storage System Market
- 9.4.3. Japan Battery Energy Storage System Market
- 9.4.4. Rest of Asia Pacific Battery Energy Storage System Market
- 9.5. Latin America Battery Energy Storage System Market Snapshot
- 9.5.1. Brazil Battery Energy Storage System Market
- 9.5.2. Mexico Battery Energy Storage System Market
- 9.6. Rest of The World Battery Energy Storage System Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. ABB
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Element Summary
- 10.2.1.5. Recent Developments
- 10.2.2. LG Chem
- 10.2.3. NEC
- 10.2.4. Panasonic
- 10.2.5. Samsung SDI
- 10.2.6. AEG Power Solutions
- 10.2.7. General Electric
- 10.2.8. Hitachi
- 10.2.9. Siemens AG
- 10.2.10. Tesla
- 10.2.1. ABB
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
Summary:
Get latest Market Research Reports on Battery Energy Storage System . Industry analysis & Market Report on Battery Energy Storage System is a syndicated market report, published as Global Battery Energy Storage System Market to reach at USD 20.8 billion by 2026. It is complete Research Study and Industry Analysis of Battery Energy Storage System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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