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Battery Energy Storage Systems Market by Battery Type, Offering, Connection Type, Ownership, Energy Capacity, and Application - Global Forecast to 2030

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    Report

  • 294 Pages
  • June 2023
  • Region: Global
  • Meticulous Market Research Pvt. Ltd.
  • ID: 5830350
Description Jump to:

The research report titled ‘Battery Energy Storage Systems Market by Battery Type, Offering, Connection Type, Ownership, Energy Capacity, and Application (Residential, Commercial, and Utility) - Global Forecast to 2030, provides an in-depth analysis of battery energy storage systems market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

The global battery energy storage systems market is projected to reach $43.7 billion by 2030, at a CAGR of 28.8% during the forecast period of 2023-2030.

The growth of the battery energy storage systems market is driven by government initiatives for battery energy storage systems and the growing benefits of battery energy storage systems for EV charging. Moreover, the growing demand for battery energy storage systems for commercial applications and the decline in prices of lithium-ion batteries provide significant opportunities in the global battery energy storage systems market. However, the high capital required for installing battery energy storage systems restrains the market's growth to some extent. Additionally, the lack of standardization in storage systems and overheating of lithium-ion batteries poses challenges for the battery energy storage systems market growth.

Based on battery type, the global battery energy storage systems market is segmented into lithium-ion batteries, nickel-cadmium (Ni-Cd) batteries, nickel-metal hydride (Ni-MH) batteries, sodium-sulfur (Na-S) batteries, redox flow battery, and other battery types. The lithium-ion battery segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the growing demand for BESS with long cycle and extended shelf life and the growing need for high specific energy and high load capabilities with power cells.

Based on offering, the global battery energy storage systems market is segmented into components and services. The services segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing demand for support, integration, and consulting services for BESS; the increasing need for support services to help improve the quality, availability, and supply continuity of hardware components; and the increasing need to resolve issues associated with software and improve operational efficiency.

Based on connection type, the global battery energy storage systems market is segmented into on-grid and off-grid connections. The on-grid connection segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the growing demand for high power consumption and the increasing need to store and access vast amounts of energy for utility-scale applications.

Based on ownership, the global battery energy storage systems market is segmented into customer-owned, third-party-owned, and utility-owned. The utility-owned segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing demand for utility-scale ancillary services and the growing need to deliver peak loads to consumers through ESS instead of extending power lines and transformers.

Based on energy capacity, the global battery energy storage systems market is segmented into below 100 MWh, 100 MWh to 500 MWh, and more than 500 MWh. The more than 500 MWh segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the growing popularity of benefits such as smart energy consumption, cost-cutting, resilience, resource-saving, environmental efficiency, and the availability of unique features such as pollution-free operations and instantaneous response by BESS.

Based on application, the global battery energy storage systems market is segmented into residential, commercial, and utilities. The utilities segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the initiatives taken by companies to launch flow batteries for meeting the environmental, longevity, and safety objectives of utilities and the growing usage of BESS for peak shaving, load shifting, black start, microgrids, renewable integration, and grid service applications.

Based on geography, the battery energy storage systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to register the highest CAGR during the forecast period. This market's growth is attributed to prominent players offering advanced BESS components & services and residential energy storage technology, government policies to improve the reliability and quality of the power distribution facilities to the residential customers, and access to electricity for remote and island communities. Furthermore, the lower technology costs and increased technological advancement across the region encourage consumers to install battery energy storage systems.

The key players operating in the global battery energy storage systems market report are General Electric Company (U.S.), ABB Ltd. (Switzerland), Panasonic Life Solutions India Pvt. Ltd. (India) (A Part of Panasonic Holdings Corporation), Siemens AG (Germany), JinkoSolar Holding Co., Ltd. (China), Honeywell International Inc. (U.S.), Tesla Inc. (U.S.), Toshiba Corporation (Japan), Johnson Controls International plc (Ireland), NEC Corporation (Japan), Delta Electronics, Inc. (Taiwan), Sensata Technologies, Inc. (U.S.), Fluence Energy, Inc. (U.S.), Nextera Energy, Inc. (U.S.), Beacon Power, LLC (U.S.), and Urja Solutions (India).

Key questions answered in the report:

  • Which are the high growth market segments in terms of battery type, offering, connection type, ownership, energy capacity, application, and countries?
  • What is the historical market for battery energy storage systems across the globe?
  • What are the market forecasts and estimates from 2023 to 2030?
  • What are the major drivers, restraints, and opportunities in the global battery energy storage systems market?
  • Who are the major players in the global battery energy storage systems market, and what shares of the market do they hold?
  • Who are the major players in various countries, and what shares of the market do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global battery energy storage systems market?
  • What are the different strategies adopted by the major players in the global battery energy storage systems market?
  • What are the geographical trends and high growth countries?
  • Who are the local emerging players in the global battery energy storage systems market, and how do they compete with the other players?

Scope of the report:

Global Battery Energy Storage Systems Market Assessment - By Battery Type

  • Lithium-ion Batteries
  • Sodium-sulfur (Na-S) Batteries
  • Nickel-cadmium (Ni-Cd) Batteries
  • Redox Flow Batteries (RFB)
  • Nickel-metal Hydride (Ni-MH) Batteries
  • Other Battery Types

Global Battery Energy Storage Systems Market Assessment - By Offering

  • Components
  • Battery Systems
  • Power Conversion Systems
  • Energy Management Systems
  • Heating, Ventilation, and Air Conditioning
  • Supervisory Control and Data Acquisition
  • Battery Management Systems
  • Other Components
  • Services

Global Battery Energy Storage Systems Market Assessment - By Connection Type

  • On-grid Connection
  • Off-grid Connection

Global Battery Energy Storage Systems Market Assessment - By Ownership

  • Third-party-owned
  • Customer-owned
  • Utility-owned

Global Battery Energy Storage Systems Market Assessment - By Energy Capacity

  • Below 100 MWh
  • 100 MWh to 500 MWh
  • More than 500 MWh

Global Battery Energy Storage Systems Market - By Application

  • Utilities
  • Black Start
  • Microgrids
  • Renewable Integration
  • Peak Shaving
  • Load Shifting
  • Grid Services
  • Residential
  • Commercial
  • Industries
  • EV Charging Infrastructure
  • Data Centers
  • Marine
  • Telecommunications
  • Healthcare

Global Battery Energy Storage Systems Market Assessment - By Geography

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • South Korea
  • Japan
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • UAE
  • Israel
  • Rest of the Middle East & Africa

Table of Contents

1. Market Definition & Scope
1.1. Market Definition
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research / Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, by Battery Type
3.3. Market Analysis, by Offering
3.4. Market Analysis, by Connection Type
3.5. Market Analysis, by Ownership
3.6. Market Analysis, by Energy Capacity
3.7. Market Analysis, by Application
3.8. Market Analysis, by Geography
3.9. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.3. Market Trends
4.3.1. Advanced Lithium-ion Batteries
4.3.2. Energy Storage-as-a Service
4.4. Value Chain Analysis
5. Global Battery Energy Storage System Market Assessment-by Battery Type
5.1. Overview
5.2. Lithium-ion Batteries
5.3. Sodium-sulfur (Na-S) Batteries
5.4. Nickel-cadmium (Ni-Cd) Batteries
5.5. Redox Flow Batteries (RFB)
5.6. Nickel-metal Hydride (Ni-MH) Batteries
5.7. Other Battery Types
6. Global Battery Energy Storage System Market Assessment-by Offering
6.1. Overview
6.2. Components
6.2.1. Battery System
6.2.2. Power Conversion System
6.2.3. Energy Management System
6.2.4. Heating, Ventilation, and Air Conditioning
6.2.5. Supervisory Control and Data Acquisition
6.2.6. Battery Management System
6.2.7. Other Components
6.3. Services
7. Global Battery Energy Storage System Market Assessment-by Connection Type
7.1. Overview
7.2. On-grid Connection
7.3. Off-grid Connection
8. Global Battery Energy Storage System Market Assessment-by Ownership
8.1. Overview
8.2. Third-party-owned
8.3. Customer-owned
8.4. Utility-owned
9. Global Battery Energy Storage System Market Assessment-by Energy Capacity
9.1. Overview
9.2. Below 100 MWh
9.3. 100 MWh to 500 MWh
9.4. More than 500 MWh
10. Global Battery Energy Storage System Market-by Application
10.1. Overview
10.2. Utilities
10.2.1. Black Start
10.2.2. Microgrids
10.2.3. Renewable Integration
10.2.4. Peak Shaving
10.2.5. Load Shifting
10.2.6. Grid Services
10.3. Residential
10.4. Commercial
10.4.1. Industries
10.4.2. EV Charging Infrastructure
10.4.3. Data Centers
10.4.4. Marine
10.4.5. Telecommunications
10.4.6. Healthcare
11. Battery Energy Storage System Market Assessment-by Geography
11.1. Overview
11.2. North America
11.2.1. U.S.
11.2.2. Canada
11.3. Europe
11.3.1. Germany
11.3.2. U.K.
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Rest of Europe
11.4. Asia-Pacific
11.4.1. China
11.4.2. India
11.4.3. South Korea
11.4.4. Japan
11.4.5. Rest of Asia-Pacific
11.5. Latin America
11.5.1. Brazil
11.5.2. Mexico
11.5.3. Rest of Latin America
11.6. Middle East & Africa
11.6.1. UAE
11.6.2. Israel
11.6.3. Rest of the Middle East & Africa
12. Competition Analysis
12.1. Overview
12.2. Key Growth Strategies
12.3. Competitive Dashboard
12.3.1. Industry Leaders
12.3.2. Market Differentiator
12.3.3. Emerging Companies
12.4. Vendor Market Positioning
12.5. Market Share Analysis
12.5.1. General Electric Company (U.S.)
12.5.2. Siemens AG (Germany)
12.5.3. ABB Ltd. (Switzerland)
12.5.4. Panasonic Life Solutions India Pvt. Ltd. (A Subsidiary of Panasonic Holdings Corporation)
13. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Development, and SWOT Analysis of Top 5 Companies)
13.1. General Electric Company
13.2. ABB Ltd.
13.3. Panasonic Life Solutions India Pvt. Ltd. (A Part of Panasonic Holdings Corporation)
13.4. Siemens AG
13.5. JinkoSolar Holding Co., Ltd.
13.6. Honeywell International Inc.
13.7. Tesla Inc.
13.8. Toshiba Corporation
13.9. Johnson Controls International plc
13.10. NEC Corporation
13.11. Delta Electronics, Inc.
13.12. Sensata Technologies, Inc.
13.13. Fluence Energy, Inc.
13.14. Nextera Energy, Inc.
13.15. Beacon Power, LLC
13.16. Urja Solutions
14. Appendix
14.1. Available Customization
14.2. Related Reports
List of Tables
Table 1 Currency Conversion Rate (2019-2022)
Table 2 Global Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 3 Advantages and Disadvantages of Lithium-ion Battery Energy Storage System
Table 4 Global Lithium-ion Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 5 Advantages and Disadvantages of Sodium-sulfur Battery Energy Storage System
Table 6 Global Sodium-sulfur Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 7 Advantages and Disadvantages of Nickel-cadmium Battery Energy Storage System
Table 8 Global Nickel-cadmium Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 9 Advantages and Disadvantages of Redox Flow Battery Energy Storage System
Table 10 Global Redox Flow Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 11 Advantages and Disadvantages of Nickel-metal Hydride Battery Energy Storage System
Table 12 Global Nickel-metal Hydride Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 13 Global Other Battery Types Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 14 Global Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 15 Global Battery Energy Storage Components Market, By Type, 2021-2030 (USD Million)
Table 16 Global Battery Energy Storage Components Market, By Country/Region, 2021-2030 (USD Million)
Table 17 Global Battery System Market, By Country/Region, 2021-2030 (USD Million)
Table 18 Global Power Conversion System Market, By Country/Region, 2021-2030 (USD Million)
Table 19 Global Energy Management System Market, By Country/Region, 2021-2030 (USD Million)
Table 20 Global Heating, Ventilation, and Air Conditioning Market, By Country/Region, 2021-2030 (USD Million)
Table 21 Global Supervisory Control and Data Acquisition Market, By Country/Region, 2021-2030 (USD Million)
Table 22 Global Battery Management System Market, By Country/Region, 2021-2030 (USD Million)
Table 23 Other Battery Energy Storage Components Market, By Country/Region, 2021-2030 (USD Million)
Table 24 Battery Energy Storage System Services Market, By Country/Region, 2021-2030 (USD Million)
Table 25 Global Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 26 Global On-grid Connection Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 27 Global Off-grid Connection Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 28 Global Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 29 Global Third-party-owned Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 30 Global Customer-owned Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 31 Global Utility-owned Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 32 Global Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 33 Global More than 500 MWh Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 34 Global Below 100 MWh Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 35 Global 100 MWh to 500 MWh Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 36 Global Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 37 Global Battery Energy Storage System Market for Utilities, By Type, 2021-2030 (USD Million)
Table 38 Global Battery Energy Storage System Market for Utilities, By Country/Region, 2021-2030 (USD Million)
Table 39 Global Battery Energy Storage System Market for Black Start, By Country/Region, 2021-2030 (USD Million)
Table 40 Global Battery Energy Storage System Market for Microgrids, By Country/Region, 2021-2030 (USD Million)
Table 41 Global Battery Energy Storage System Market for Renewable Integration, By Country/Region, 2021-2030 (USD Million)
Table 42 Global Battery Energy Storage System Market for Peak Shaving, By Country/Region, 2021-2030 (USD Million)
Table 43 Global Battery Energy Storage System Market for Load Shifting, By Country/Region, 2021-2030 (USD Million)
Table 44 Global Battery Energy Storage System Market for Grid Services, By Country/Region, 2021-2030 (USD Million)
Table 45 Global Residential Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 46 Global Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 47 Global Commercial Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 48 Global Battery Energy Storage System Market for Industries, By Country/Region, 2021-2030 (USD Million)
Table 49 Global Battery Energy Storage System Market for EV Charging Infrastructure, By Country/Region, 2021-2030 (USD Million)
Table 50 Global Battery Energy Storage System Market for Data Centers, By Country/Region, 2021-2030 (USD Million)
Table 51 Global Battery Energy Storage System Market for Marine, By Country/Region, 2021-2030 (USD Million)
Table 52 Global Battery Energy Storage System Market for Telecommunication, By Country/Region, 2021-2030 (USD Million)
Table 53 Global Battery Energy Storage System Market for Healthcare, By Country/Region, 2021-2030 (USD Million)
Table 54 Global Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 55 North America: Battery Energy Storage System Market, By Country, 2021-2030 (USD Million)
Table 56 North America: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 57 North America: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 58 North America: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 59 North America: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 60 North America: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 61 North America: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 62 North America: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 63 North America: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 64 North America: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 65 U.S.: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 66 U.S.: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 67 U.S.: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 68 U.S.: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 69 U.S.: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 70 U.S.: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 71 U.S.: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 72 U.S.: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 73 U.S.: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 74 Canada: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 75 Canada: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 76 Canada: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 77 Canada: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 78 Canada: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 79 Canada: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 80 Canada: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 81 Canada: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 82 Canada: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 83 Europe: Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 84 Europe: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 85 Europe: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 86 Europe: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 87 Europe: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 88 Europe: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 89 Europe: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 90 Europe: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 91 Europe: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 92 Europe: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 93 Germany: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 94 Germany: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 95 Germany: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 96 Germany: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 97 Germany: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 98 Germany: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 99 Germany: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 100 Germany: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 101 Germany: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 102 U.K.: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 103 U.K.: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 104 U.K.: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 105 U.K.: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 106 U.K.: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 107 U.K.: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 108 U.K.: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 109 U.K.: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 110 U.K.: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 111 France: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 112 France: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 113 France: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 114 France: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 115 France: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 116 France: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 117 France: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 118 France: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 119 France: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 120 Italy: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 121 Italy: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 122 Italy: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 123 Italy: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 124 Italy: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 125 Italy: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 126 Italy: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 127 Italy: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 128 Italy: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 129 Spain: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 130 Spain: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 131 Spain: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 132 Spain: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 133 Spain: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 134 Spain: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 135 Spain: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 136 Spain: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 137 Spain: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 138 Rest of Europe: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 139 Rest of Europe: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 140 Rest of Europe: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 141 Rest of Europe: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 142 Rest of Europe: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 143 Rest of Europe: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 144 Rest of Europe: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 145 Rest of Europe: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 146 Rest of Europe: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 147 Asia-Pacific: Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 148 Asia-Pacific: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 149 Asia-Pacific: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 150 Asia-Pacific: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 151 Asia-Pacific: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 152 Asia-Pacific: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 153 Asia-Pacific: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 154 Asia-Pacific: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 155 Asia-Pacific: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 156 Asia-Pacific: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 157 China: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 158 China: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 159 China: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 160 China: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 161 China: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 162 China: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 163 China: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 164 China: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 165 China: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 166 Japan: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 167 Japan: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 168 Japan: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 169 Japan: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 170 Japan: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 171 Japan: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 172 Japan: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 173 Japan: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 174 Japan: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 175 India: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 176 India: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 177 India: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 178 India: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 179 India: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 180 India: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 181 India: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 182 India: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 183 India: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 184 South Korea: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 185 South Korea: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 186 South Korea: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 187 South Korea: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 188 South Korea: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 189 South Korea: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 190 South Korea: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 191 South Korea: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 192 South Korea: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 193 Rest of Asia-Pacific: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 194 Rest of Asia-Pacific: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 195 Rest of Asia-Pacific: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 196 Rest of Asia-Pacific: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 197 Rest of Asia-Pacific: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 198 Rest of Asia-Pacific: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 199 Rest of Asia-Pacific: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 200 Rest of Asia-Pacific: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 201 Rest of Asia-Pacific: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 202 Latin America: Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 203 Latin America: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 204 Latin America: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 205 Latin America: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 206 Latin America: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 207 Latin America: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 208 Latin America: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 209 Latin America: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 210 Latin America: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 211 Latin America: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 212 Mexico: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 213 Mexico: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 214 Mexico: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 215 Mexico: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 216 Mexico: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 217 Mexico: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 218 Mexico: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 219 Mexico: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 220 Mexico: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 221 Brazil: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 222 Brazil: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 223 Brazil: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 224 Brazil: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 225 Brazil: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 226 Brazil: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 227 Brazil: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 228 Brazil: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 229 Brazil: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 230 Rest of Latin America: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 231 Rest of Latin America: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 232 Rest of Latin America: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 233 Rest of Latin America: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 234 Rest of Latin America: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 235 Rest of Latin America: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 236 Rest of Latin America: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 237 Rest of Latin America: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 238 Rest of Latin America: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 239 Middle East & Africa: Battery Energy Storage System Market, By Country/Region, 2021-2030 (USD Million)
Table 240 Middle East & Africa: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 241 Middle East & Africa: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 242 Middle East & Africa: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 243 Middle East & Africa: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 244 Middle East & Africa: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 245 Middle East & Africa: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 246 Middle East & Africa: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 247 Middle East & Africa: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 248 Middle East & Africa: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 249 UAE: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 250 UAE: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 251 UAE: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 252 UAE: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 253 UAE: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 254 UAE: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 255 UAE: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 256 UAE: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 257 UAE: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 258 Israel: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 259 Israel: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 260 Israel: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 261 Israel: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 262 Israel: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 263 Israel: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 264 Israel: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 265 Israel: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 266 Israel: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 267 Rest of Middle East & Africa: Battery Energy Storage System Market, By Battery Type, 2021-2030 (USD Million)
Table 268 Rest of Middle East & Africa: Battery Energy Storage System Market, By Offering, 2021-2030 (USD Million)
Table 269 Rest of Middle East & Africa: Battery Energy Storage System Component Market, By Type, 2021-2030 (USD Million)
Table 270 Rest of Middle East & Africa: Battery Energy Storage System Market, By Connection Type, 2021-2030 (USD Million)
Table 271 Rest of Middle East & Africa: Battery Energy Storage System Market, By Ownership, 2021-2030 (USD Million)
Table 272 Rest of Middle East & Africa: Battery Energy Storage System Market, By Energy Capacity, 2021-2030 (USD Million)
Table 273 Rest of Middle East & Africa: Battery Energy Storage System Market, By Application, 2021-2030 (USD Million)
Table 274 Rest of Middle East & Africa: Commercial Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 275 Rest of Middle East & Africa: Utility Battery Energy Storage System Market, By Type, 2021-2030 (USD Million)
Table 276 Recent Developments by Major Market Players (2020-2023)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Key Stakeholders
Figure 3 Research Process
Figure 4 Secondary Sources Referenced for this Study
Figure 5 Primary Research Techniques
Figure 6 Key Executives Interviewed
Figure 7 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 In 2023, the Lithium-ion Battery Segment is Expected to Dominate the Market
Figure 11 In 2023, the Components Segment is Expected to Dominate the Market
Figure 12 In 2023, the On-grid Connection Segment is Expected to Dominate the Market
Figure 13 In 2023, the Third-party-owned Segment is Expected to Dominate the Market
Figure 14 In 2023, the More than 500 MWh Segment is Expected to Dominate the Market
Figure 15 In 2023, the Utilities Segment is Expected to Dominate the Market
Figure 16 Geographic Snapshot: Global Battery Energy Storage System Market (Market Share & CAGR)
Figure 17 Global Battery Energy Storage System Market, By Battery Type, 2023 Vs. 2030 (USD Million)
Figure 18 Global Battery Energy Storage System Market, By Offering, 2023 Vs. 2030 (USD Million)
Figure 19 Global Battery Energy Storage System Market, By Connection Type, 2023 Vs. 2030 (USD Million)
Figure 20 Global Battery Energy Storage System Market, By Ownership, 2023 Vs. 2030 (USD Million)
Figure 21 Global Battery Energy Storage System Market, By Energy Capacity, 2023 Vs. 2030 (USD Million)
Figure 22 Global Battery Energy Storage System Market, By Application, 2023 Vs. 2030 (USD Million)
Figure 23 Global Battery Energy Storage System Market, By Geography, 2023 Vs. 2030 (USD Million)
Figure 24 Geographic Snapshot: Battery Energy Storage System Market in North America
Figure 25 Geographic Snapshot: Battery Energy Storage System Market in Europe
Figure 26 Geographic Snapshot: Battery Energy Storage System Market in Asia-Pacific
Figure 27 Geographic Snapshot: Battery Energy Storage System Market in Latin America
Figure 28 Geographic Snapshot: Battery Energy Storage System Market in Middle East & Africa
Figure 29 Growth Strategies Adopted by Leading Market Players (2020-2023)
Figure 30 Competitive Dashboard: Battery Energy Storage System Market
Figure 31 Vendor Market Positioning Analysis (2020-2023)
Figure 32 Market Share Analysis: Battery Energy Storage System Market (2022)
Figure 33 General Electric Company: Financial Overview (2020-2022)
Figure 34 General Electric Company: SWOT Analysis
Figure 35 ABB Ltd.: Financial Overview (2020-2022)
Figure 36 ABB Ltd.: SWOT Analysis
Figure 37 Panasonic Holdings Corporation: Financial Overview (2019-2021)
Figure 38 Panasonic Holdings Corporation: SWOT Analysis
Figure 39 Siemens AG: Financial Overview (2019-2021)
Figure 40 Siemens AG: SWOT Analysis
Figure 41 Honeywell International Inc.: Financial Overview (2020-2022)
Figure 42 Honeywell International Inc.: SWOT Analysis
Figure 43 Tesla Inc.: Financial Overview (2020-2022)
Figure 44 Toshiba Corporation: Financial Overview (2019-2021)
Figure 45 Johnson Controls International plc: Financial Overview (2020-2022)
Figure 46 NEC Corporation: Financial Overview (2019-2021)
Figure 47 Delta Electronics, Inc.: Financial Overview (2018-2020)
Figure 48 Sensata Technologies, Inc.: Financial Overview (2020-2022)
Figure 49 Fluence Energy, Inc.: Financial Overview (2019-2021)
Figure 50 Nextera Energy, Inc.: Financial Overview (2020-2022)
Figure 51 Jinkosolar Holding Co., Ltd.: Financial Overview (2020-2022)

Companies Mentioned

  • General Electric Company (U.S.)
  • ABB Ltd. (Switzerland)
  • Panasonic Life Solutions India Pvt. Ltd. (India) (A Part of Panasonic Holdings Corporation)
  • Siemens AG (Germany)
  • JinkoSolar Holding Co. Ltd. (China)
  • Honeywell International Inc. (U.S.)
  • Tesla Inc. (U.S.)
  • Toshiba Corporation (Japan)
  • Johnson Controls International plc (Ireland)
  • NEC Corporation (Japan)
  • Delta Electronics Inc. (Taiwan)
  • Sensata Technologies Inc. (U.S.)
  • Fluence Energy Inc. (U.S.)
  • Nextera Energy Inc. (U.S.)
  • Beacon Power LLC (U.S.)
  • Urja Solutions (India).

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About the Battery Energy Storage Market

The Battery Energy Storage market is a subset of the larger Battery Technology industry. It focuses on the development and deployment of energy storage systems that use batteries as the primary energy source. These systems are used to store energy generated from renewable sources such as solar and wind, as well as from traditional sources such as coal and natural gas. They can also be used to provide backup power during outages or to reduce peak demand on the grid. Battery Energy Storage systems are becoming increasingly popular as they offer a cost-effective and reliable way to store energy. The Battery Energy Storage market is highly competitive, with a number of companies offering a range of products and services. These include battery manufacturers, energy storage system integrators, and energy storage system developers. Some of the leading companies in the market include Tesla, LG Chem, BYD, Panasonic, and Samsung SDI. Show Less Read more

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