Battery Energy Storage Market, Update 2019 - Global Market Size, Competitive Landscape and Key Country Analysis to 2023
Summary
The global battery energy storage market is forecast to grow to $13.13bn by 2023. Fall in technology prices and increasing pace of development in the power market are the primary driving factors for the battery energy storage market.
Asia-Pacific was the largest market for battery energy storage systems and it accounted for 45% of the global market installed capacity in 2018 and the region is also expected to maintain its top position in the forecast period. With the number of grid-connected renewable electricity generation plants increasing tremendously, countries such as China, India, Japan, South Korea, and the Philippines will focus on frequency regulation in the electric grid to normalize the variation in power generation from renewables.
APAC will continue to be the largest market reaching $6.05bn in 2023, as countries are increasing investments for improving their grid infrastructure and improving the market structure to attract foreign investments. With respect to technology, Lithium-ion is and will continue to be, the preferred technology for market deployment.
The Americas battery energy storage market registered a market value of approximately $1.97bn in 2018 and it accounted for 28% in 2018. The battery energy storage market in the region is growing, with countries such as the US, Chile, Canada and Brazil promoting battery storage installations across consumer segments.
The US has been the largest market for Battery Energy Storage System (BESS) both in terms of cumulative installed capacity and by market value for projects installed up to 2018 and is likely to continue to lead the market at the country level. Some US states have robust incentive programs, most notably California, which adopted an ambitious target for 1.3GW of energy storage by 2020, which it surpassed and a new target is awaiting approval. The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market.
The EMEA battery energy storage market registered a market value of approximately $1.73bn in 2018 and it accounted for 26% of the global market. The region has strong demand for flexibility, due to technological advancements, evolving market conditions, strong research facilities, and supportive policies. Middle East and Africa are small markets with demand for storage expected to increase once renewable power generation gains significant traction in the market.
With countries aggressively promoting the modernization of grids, and developing their capability to handle the demands of the present and future, batteries are being deployed to support smart grids, integrate renewables, create responsive electricity markets, provide ancillary services, and enhance both system resilience and energy self-sufficiency.
Market conditions are improving and more companies are moving into a decentralized generation, leading to an increase in the onsite deployment of renewables and batteries; as in with micro or mini girds. Supportive policies and high electricity charges are also nudging the market towards renewables and/or storage plus renewables at the end consumer level. As the power sector evolves to accommodate new technologies and adapt to varying market trends, energy storage will play a central role in the transition and transformation of the power sector.
The latest analytical report "Battery Energy Storage Market, Update 2019 - Global Market Size, Competitive Landscape and Key Country Analysis to 2023", offers comprehensive information on the battery energy storage market. The report offers in depth analysis of the market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key country (the US, Chile, China, India, Japan, Australia, Republic of Korea, Germany, Italy, the UK, France) level.
The report analyzes the battery energy storage market in terms of value and volume for cumulative installations up to volume for cumulative installations up to 2013, up to 2018, and up to 2023, covering electrochemical energy storage technologies such as lead-acid batteries, flow batteries, sodium-sulphur batteries, lithium-ion batteries, and other advanced batteries.
An overview of the market share classified by technologies and application for installations up to 2018 are provided. The report provides an overview of different battery technologies, layout of battery storage systems, and costs. The drivers and restraints influencing the market and contracts issued are provided at the global level. Competitive landscape, policies and initiatives, key projects, and market share by technologies are provided at the country level. In addition, the top battery manufacturers are profiled.
Scope
The report assesses the battery energy storage market. Its scope includes -
Reasons to Buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
Summary
The global battery energy storage market is forecast to grow to $13.13bn by 2023. Fall in technology prices and increasing pace of development in the power market are the primary driving factors for the battery energy storage market.
Asia-Pacific was the largest market for battery energy storage systems and it accounted for 45% of the global market installed capacity in 2018 and the region is also expected to maintain its top position in the forecast period. With the number of grid-connected renewable electricity generation plants increasing tremendously, countries such as China, India, Japan, South Korea, and the Philippines will focus on frequency regulation in the electric grid to normalize the variation in power generation from renewables.
APAC will continue to be the largest market reaching $6.05bn in 2023, as countries are increasing investments for improving their grid infrastructure and improving the market structure to attract foreign investments. With respect to technology, Lithium-ion is and will continue to be, the preferred technology for market deployment.
The Americas battery energy storage market registered a market value of approximately $1.97bn in 2018 and it accounted for 28% in 2018. The battery energy storage market in the region is growing, with countries such as the US, Chile, Canada and Brazil promoting battery storage installations across consumer segments.
The US has been the largest market for Battery Energy Storage System (BESS) both in terms of cumulative installed capacity and by market value for projects installed up to 2018 and is likely to continue to lead the market at the country level. Some US states have robust incentive programs, most notably California, which adopted an ambitious target for 1.3GW of energy storage by 2020, which it surpassed and a new target is awaiting approval. The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market.
The EMEA battery energy storage market registered a market value of approximately $1.73bn in 2018 and it accounted for 26% of the global market. The region has strong demand for flexibility, due to technological advancements, evolving market conditions, strong research facilities, and supportive policies. Middle East and Africa are small markets with demand for storage expected to increase once renewable power generation gains significant traction in the market.
With countries aggressively promoting the modernization of grids, and developing their capability to handle the demands of the present and future, batteries are being deployed to support smart grids, integrate renewables, create responsive electricity markets, provide ancillary services, and enhance both system resilience and energy self-sufficiency.
Market conditions are improving and more companies are moving into a decentralized generation, leading to an increase in the onsite deployment of renewables and batteries; as in with micro or mini girds. Supportive policies and high electricity charges are also nudging the market towards renewables and/or storage plus renewables at the end consumer level. As the power sector evolves to accommodate new technologies and adapt to varying market trends, energy storage will play a central role in the transition and transformation of the power sector.
The latest analytical report "Battery Energy Storage Market, Update 2019 - Global Market Size, Competitive Landscape and Key Country Analysis to 2023", offers comprehensive information on the battery energy storage market. The report offers in depth analysis of the market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key country (the US, Chile, China, India, Japan, Australia, Republic of Korea, Germany, Italy, the UK, France) level.
The report analyzes the battery energy storage market in terms of value and volume for cumulative installations up to volume for cumulative installations up to 2013, up to 2018, and up to 2023, covering electrochemical energy storage technologies such as lead-acid batteries, flow batteries, sodium-sulphur batteries, lithium-ion batteries, and other advanced batteries.
An overview of the market share classified by technologies and application for installations up to 2018 are provided. The report provides an overview of different battery technologies, layout of battery storage systems, and costs. The drivers and restraints influencing the market and contracts issued are provided at the global level. Competitive landscape, policies and initiatives, key projects, and market share by technologies are provided at the country level. In addition, the top battery manufacturers are profiled.
Scope
The report assesses the battery energy storage market. Its scope includes -
- Analysis of the market at global and regional levels of Asia-Pacific, Americas, and Europe, Middle East and Africa.
- Market analysis for key countries such as the US, Chile, China, India, Japan, Australia, Republic of Korea, Germany, Italy, the UK, and France.
- Provides global, regional, and country level battery energy storage market value and volume (2013, 2018, and 2023). Market share by technologies and by application are also discussed in the report for installations up to 2018.
- Qualitative analysis of key market drivers and restraints, and their impacts on the market are discussed.
- The report provides competitive landscape at country level for the year 2018. It covers relevant policies and initiatives at country level, contracts issued, key projects, and provides an overview of top battery manufacturers in the world.
Reasons to Buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Facilitate decision-making by analyzing data on the battery energy storage market.
- Develop strategies based on developments in the market.
- Identify key partners and business-development avenues, based on an understanding of the movements of major competitors in the market.
- Respond to your competitors’ business structure, strategies, and prospects.
Table of Contents
1.1 List of Tables1.2 List of Figures
2 Executive Summary
2.1 Battery Energy Storage Market to Register a Global Market Value of $13.13bn by 2023
2.2 US to Lead the Country Level Market for Battery Energy Storage
3 Introduction
3.1 Energy Storage System, Overview
3.2 Energy Storage System Technologies, Overview
3.3 Energy Storage System Technologies, Application
3.4 Energy Storage System Technologies, System Cost
3.5 Battery Energy Storage System, Rationale for Usage
3.6 Battery Energy Storage System, Disposal and Environmental Impact
3.7 Report Guidance
4 Battery Energy Storage Market, Global
4.1 Battery Energy Storage Market, Global, Market Overview
4.2 Battery Energy Storage Market, Global, Market Drivers and Restraints
4.3 Battery Energy Storage Market, Global, Market Size Analysis
4.4 Battery Energy Storage Market, Global, Competitive Landscape, 2018
5 Battery Energy Storage Market, Americas
5.1 Battery Energy Storage Market, Americas, Market Overview
5.2 Battery Energy Storage Market, Americas, Market Size Analysis
5.3 Battery Energy Storage Market, Americas, Competitive Landscape, 2018
6 Battery Energy Storage Market, US
6.1 Battery Energy Storage Market, US, Overview
6.2 Battery Energy Storage Market, US, Key Policies and Initiatives
6.3 Battery Energy Storage Market, US, Market Size Analysis
6.4 Battery Energy Storage Market, US, Competitive Landscape, 2018
7 Battery Energy Storage Market, Chile
7.1 Battery Energy Storage Market, Chile, Market Overview
7.2 Battery Energy Storage Market, Chile, Policies and Initiatives
7.3 Battery Energy Storage Market, Chile, Market Size Analysis
7.4 Battery Energy Storage Market, Chile, Competitive Landscape, 2018
8 Battery Energy Storage Market, Asia Pacific
8.1 Battery Energy Storage Market, Asia Pacific, Market Overview
8.2 Battery Energy Storage Market, Asia Pacific, Market Size Analysis
8.3 Battery Energy Storage Market, Asia-Pacific, Competitive Landscape, 2018
9 Battery Energy Storage Market, China
9.1 Battery Energy Storage Market, China, Market Overview
9.2 Battery Energy Storage Market, China, Key Policies and Initiatives
9.3 Battery Energy Storage Market, China, Market Size Analysis
9.4 Battery Energy Storage Market, China, Competitive Landscape, 2018
10 Battery Energy Storage Market, India
10.1 Battery Energy Storage Market, India, Market Overview
10.2 Battery Energy Storage Market, India, Key Policies and Initiatives
10.3 Battery Energy Storage Market, India, Market Size Analysis
10.4 Battery Energy Storage Market, India, Competitive Landscape, 2018
11 Battery Energy Storage Market, Japan
11.1 Battery Energy Storage Market, Japan, Market Overview
11.2 Battery Energy Storage Market, Japan, Key Policies and Initiatives
11.3 Battery Energy Storage Market, Japan, Market Size Analysis
11.4 Battery Energy Storage Market, Japan, Competitive Landscape, 2018
12 Battery Energy Storage Market, Australia
12.1 Battery Energy Storage Market, Australia, Market Overview
12.2 Battery Energy Storage Market, Australia, Key Policies and Initiatives
12.3 Battery Energy Storage Market, Australia, Market Size Analysis
12.4 Battery Energy Storage Market, Australia, Competitive Landscape, 2018
13 Battery Energy Storage Market, Republic of Korea
13.1 Battery Energy Storage Market, Republic of Korea, Market Overview
13.2 Battery Energy Storage Market, Republic of Korea, Key Policies and Initiatives
13.3 Battery Energy Storage Market, Republic of Korea, Market Size Analysis
13.4 Battery Energy Storage Market, Republic of Korea, Competitive Landscape, 2018
14 Battery Energy Storage Market, EMEA
14.1 Battery Energy Storage Market, EMEA, Market Overview
14.2 Battery Energy Storage Market, EMEA, Market Size Analysis
14.3 Battery Energy Storage Market, EMEA, Competitive Landscape, 2018
15 Battery Energy Storage Market, Germany
15.1 Battery Energy Storage Market, Germany, Market Overview
15.2 Battery Energy Storage Market, Germany, Key Policies and Initiatives
15.3 Battery Energy Storage Market, Germany, Market Size Analysis
15.4 Battery Energy Storage Market, Germany, Competitive Landscape, 2018
16 Battery Energy Storage Market, Italy
16.1 Battery Energy Storage Market, Italy, Market Overview
16.2 Battery Energy Storage Market, Italy, Key Policies and Initiatives
16.3 Battery Energy Storage Market, Italy, Market Size Analysis
16.4 Battery Energy Storage Market, Italy, Competitive Landscape, 2018
17 Battery Energy Storage Market, UK
17.1 Battery Energy Storage Market, UK, Market Overview
17.2 Battery Energy Storage Market, UK, Key Policies and Initiatives
17.3 Battery Energy Storage Market, UK, Market Size Analysis
17.4 Battery Energy Storage Market, UK, Competitive Landscape, 2018
18 Battery Energy Storage Market, France
18.1 Battery Energy Storage Market, France, Market Overview
18.2 Battery Energy Storage Market, France, Key Policies and Initiatives
18.3 Battery Energy Storage Market, France, Market Size Analysis
18.4 Battery Energy Storage Market, France, Competitive Landscape, 2018
19 Battery Energy Storage Market, Global, Key Company Profiles
19.1 Build Your Dream (BYD)
19.2 Samsung SDI Co Ltd
19.3 Saft Groupe SA
19.4 LG Chem Ltd
19.5 NGK Insulators Ltd
20 Appendix
20.1 Abbreviations
20.2 Bibliography
20.3 Contact Us
20.4 Disclaimer
1.1 List of Tables
Table 1: Battery Energy Storage System, Battery Technology Overview
Table 2: Battery Energy Storage System, Component Cost
Table 3: Battery Energy Storage Market, Global, Market Snapshot
Table 4: Battery Energy Storage Market, Global, Analysis of Market Drivers and Restraints
Table 5: Battery Energy Storage Market, Global, Market Volume (MW), 2013, 2018, 2023
Table 6: Battery Energy Storage Market, Global, Market Value ($bn), 2013, 2018, 2023
Table 7: Battery Energy Storage Market, Global, Regional Market share (%), 2013, 2018, 2023
Table 8: Battery Energy Storage Market, Global, Battery Technologies
Table 9: Battery Energy Storage Market, Global, Lithium ion Technology Based Projects, 2018
Table 10: Battery Energy Storage Market, Global, Contracts, 2018
Table 11: Battery Energy Storage Market, Americas, Market Volume (MW), 2013, 2018, 2023
Table 12: Battery Energy Storage Market, Americas, Market Value ($bn), 2013, 2018, 2023
Table 13: Battery Energy Storage Market, Americas, Lithium ion Technology Based Projects, 2018
Table 14: Battery Energy Storage Market, Americas, Contracts, 2018
Table 15: Battery Energy Storage Market, US, Market Snapshot
Table 16: Battery Energy Storage Market, US, Key Policies and Incentives
Table 17: Battery Energy Storage Market, US, Market Volume (MW), 2013, 2018, 2023
Table 18: Battery Energy Storage Market, US, Market Value ($bn), 2013, 2018, 2023
Table 19: Battery Energy Storage Market, US, Lithium ion Technology Based Projects, 2018
Table 20: Battery Energy Storage Market, US, Contracts, 2018
Table 21: Battery Energy Storage Market, Chile, Market Snapshot
Table 22: Battery Energy Storage Market, Chile, Market Volume (MW), 2013, 2018, 2023
Table 23: Battery Energy Storage Market, Chile, Market Value ($m), 2013, 2018, 2023
Table 24: Battery Energy Storage Market, Chile, Battery Based Storage Projects, 2018
Table 25: Battery Energy Storage Market, Asia-Pacific, Market Volume (MW), 2013, 2018, 2023
Table 26: Battery Energy Storage Market, Asia-Pacific, Market Value ($bn), 2013, 2018, 2023
Table 27: Battery Energy Storage Market, Asia-Pacific, Battery Energy Storage Projects, 2018
Table 28: Battery Energy Storage Market, Asia-Pacific, Contracts, 2018
Table 29: Battery Energy Storage Market, China, Market Snapshot
Table 30: Battery Energy Storage Market, China, Market Volume (MW), 2013, 2018, 2023
Table 31: Battery Energy Storage Market, China, Market Value ($bn), 2013, 2018, 2023
Table 32: Battery Energy Storage Market, China, Battery Storage Projects, 2018
Table 33: Battery Energy Storage Market, India, Market Snapshot
Table 34: Battery Energy Storage Market, India, Key Policies and Initiatives
Table 35: Battery Energy Storage Market, India, Market Volume (MW), 2013, 2018, 2023
Table 36: Battery Energy Storage Market, India, Market Value ($m), 2013, 2018, 2023
Table 37: Battery Energy Storage Market, India, Battery Based Storage Projects, 2018
Table 38: Battery Energy Storage Market, India, Tenders and Contracts, 2018
Table 39: Battery Energy Storage Market, Japan, Market Snapshot
Table 40: Battery Energy Storage Market, Japan, Relevant Regulations and Other Initiatives
Table 41: Battery Energy Storage Market, Japan, Market Volume (MW), 2013, 2018, 2023
Table 42: Battery Energy Storage Market, Japan, Market Value ($bn), 2013, 2018, 2023
Table 43: Battery Energy Storage Market, Japan, Battery Storage Projects, 2018
Table 44: Battery Energy Storage Market, Japan, Contracts, 2014-2018
Table 45: Battery Energy Storage Market, Australia, Market Snapshot
Table 46: Battery Energy Storage Market, Australia, Key Policies and Initiatives
Table 47: Battery Energy Storage Market, Australia, Market Volume (MW), 2013, 2018, 2023
Table 48: Battery Energy Storage Market, Australia, Market Value ($m), 2013, 2018, 2023
Table 49: Battery Energy Storage Market, Australia, Lithium ion Based Battery Storage Projects, 2018
Table 50: Battery Energy Storage Market, Australia, Contracts, 2018
Table 51: Battery Energy Storage Market, Republic of Korea, Market Snapshot
Table 52: Battery Energy Storage Market, Republic of Korea, Market Volume (MW), 2013, 2018, 2023
Table 53: Battery Energy Storage Market, Republic of Korea, Market Value ($m), 2013, 2018, 2023
Table 54: Battery Energy Storage Market, Republic of Korea, Lithium ion Based Battery Storage Projects, 2018
Table 55: Battery Energy Storage Market, Republic of Korea, Contracts, 2014-2018
Table 56: Battery Energy Storage Market, EMEA, Market Volume (MW), 2013, 2018, 2023
Table 57: Battery Energy Storage Market, EMEA, Market Value ($bn), 2013, 2018, 2023
Table 58: Battery Energy Storage Market, EMEA, Battery Energy Storage Projects, 2018
Table 59: Battery Energy Storage Market, EMEA, Contracts, 2018
Table 60: Battery Energy Storage Market, Germany, Market Snapshot
Table 61: Battery Energy Storage Market, Germany, Key Policies and Initiatives
Table 62: Battery Energy Storage Market, Germany, Key Policies and Initiatives
Table 63: Battery Energy Storage Market, Germany, Market Volume (MW), 2013, 2018, 2023
Table 64: Battery Energy Storage Market, Germany, Market Value ($bn), 2013, 2018, 2023
Table 65: Battery Energy Storage Market, Germany, Lithium ion Based Battery Storage Projects, 2018
Table 66: Battery Energy Storage Market, Germany, Contracts, 2017-2018
Table 67: Battery Energy Storage Market, Italy, Market Snapshot
Table 68: Battery Energy Storage Market, Italy, Market Volume (MW), 2013, 2018, 2023
Table 69: Battery Energy Storage Market, Italy, Market Value ($m), 2013, 2018, 2023
Table 70: Battery Energy Storage Market, Italy, Battery Storage Projects, 2018
Table 71: Battery Energy Storage Market, UK, Market Snapshot
Table 72: Battery Energy Storage Market, UK, Market Volume (MW), 2013, 2018, 2023
Table 73: Battery Energy Storage Market, UK, Market Value ($m), up to 2018, up to 2023
Table 74: Battery Energy Storage Market, UK, Battery Storage Projects, 2018
Table 75: Battery Energy Storage Market, UK, Contracts, 2018
Table 76: Battery Energy Storage Market, France, Market Snapshot
Table 77: Battery Energy Storage Market, France, Support Schemes for Renewables
Table 78: Battery Energy Storage Market, France, Market Volume (MW), 2013, 2018, 2023
Table 79: Battery Energy Storage Market, France, Market Value ($m), 2013, 2018, 2023
Table 80: Battery Energy Storage Market, France, Battery Storage Projects, 2018
Table 81: Battery Energy Storage Market, France, Contracts, 2018
Table 82: Battery Energy Storage Market, BYD
Table 83: Battery Energy Storage Market, Samsung SDI Co Ltd
Table 84: Battery Energy Storage Market, Saft Groupe SA
Table 85: Battery Energy Storage Market, LG Chem Ltd
Table 86: Battery Energy Storage Market, NGK Insulators Ltd
Table 87: Abbreviations
1.2 List of Figures
Figure 1: Battery Energy Storage Market, Global, Market Value Snapshot ($bn), 2018, 2023
Figure 2: Battery Energy Storage Market, Key Countries Snapshot, 2018 and 2023
Figure 3: Battery Energy Storage Market, Classification of Energy Storage Technologies
Figure 4: Battery Energy Storage Market, Layout of Battery Energy Storage System
Figure 5: Battery Energy Storage Market, Applications of BESS
Figure 6: Battery Energy Storage Market, Component Cost
Figure 7: Battery Energy Storage Market, Global, Market Volume (MW), 2013, 2018, 2023
Figure 8: Battery Energy Storage Market, Global, Market Value ($bn), 2013, 2018, 2023
Figure 9: Battery Energy Storage Market, Global, Regional Market Share (%), 2013, 2018, 2023
Figure 10: Battery Energy Storage Market, Global, Technology Market Share, 2018
Figure 11: Battery Energy Storage Market, Global, Market Share (%), 2018
Figure 12: Battery Energy Storage Market, Americas, Market Volume (MW), 2013, 2018, 2023
Figure 13: Battery Energy Storage Market, Americas, Market Value ($bn), 2013, 2018, 2023
Figure 14: Battery Energy Storage Market, Americas, Technology Market Share, 2018
Figure 15: Battery Energy Storage Market, Americas, Market Share (%), 2018
Figure 16: Battery Energy Storage Market, US, Market Volume (MW), 2013, 2018, 2023
Figure 17: Battery Energy Storage Market, US, Market Value ($m), 2013, 2018, 2023
Figure 18: Battery Energy Storage Market, US, Technology Market Share, 2018
Figure 19: Battery Energy Storage Market, US, Market Share (%), 2018
Figure 20: Battery Energy Storage Market, Chile, Market Volume (MW), 2013, 2018, 2023
Figure 21: Battery Energy Storage Market, Chile, Market Value ($m), 2013, 2018, 2023
Figure 22: Battery Energy Storage Market, Chile, Market Share (%), 2018
Figure 23: Battery Energy Storage Market, Asia-Pacific, Market Volume (MW), 2013, 2018, 2023
Figure 24: Battery Energy Storage Market, Asia-Pacific, Market Value ($bn), 2013, 2018, 2023
Figure 25: Battery Energy Storage Market, Asia-Pacific, Technology Market Share, 2018
Figure 26: Battery Energy Storage Market, Asia-Pacific, Market Share (%), 2018
Figure 27: Battery Energy Storage Market, China, Overview of Major Policies
Figure 28: Battery Energy Storage Market, China, Cumulative Market Volume (MW), 2013, 2018, 2023
Figure 29: Battery Energy Storage Market, China, Market Value ($m), 2013, 2018, 2023
Figure 30: Battery Energy Storage Market, China, Technology Market Share, 2018
Figure 31: Battery Energy Storage Market, China, Market Share (%), 2018
Figure 32: Battery Energy Storage Market, India, Market Volume (MW), 2013, 2018, 2023
Figure 33: Battery Energy Storage Market, India, Market Value ($m), 2013, 2018, 2023
Figure 34: Battery Energy Storage Market, India, Technology Market Share, 2018
Figure 35: Battery Energy Storage Market, India, Market Share (%), 2018
Figure 36: Battery Energy Storage Market, Japan, Market Volume (MW), 2013, 2018, 2023
Figure 37: Battery Energy Storage Market, Japan, Market Value ($m), 2013, 2018, 2023
Figure 38: Battery Energy Storage Market, Japan, Technology Market Share, 2018
Figure 39: Battery Energy Storage Market, Japan, Market Share (%), 2018
Figure 40: Battery Energy Storage Market, Australia, Market Volume (MW), 2013, 2018, 2023
Figure 41: Battery Energy Storage Market, Australia, Market Value ($m), 2013, 2018, 2023
Figure 42: Battery Energy Storage Market, Australia, Technology Market Share, 2018
Figure 43: Battery Energy Storage Market, Australia, Market Share (%), 2018
Figure 44: Battery Energy Storage Market, Republic of Korea, Market Volume (MW), 2013, 2018, 2023
Figure 45: Battery Energy Storage Market, Republic of Korea, Market Value ($m), 2013, 2018, 2023
Figure 46: Battery Energy Storage Market, Republic of Korea, Market Share (%), 2018
Figure 47: Battery Energy Storage Market, EMEA, Cumulative Market Volume (MW), 2013, 2018, 2023
Figure 48: Battery Energy Storage Market, EMEA, Market Value ($bn), 2013, 2018, 2023
Figure 49: Battery Energy Storage Market, EMEA, Technology Market Share, 2018
Figure 50: Battery Energy Storage Market, EMEA, Market Share (%), 2018
Figure 51: Battery Energy Storage Market, Germany, Cumulative Market Volume (MW), 2013, 2018, 2023
Figure 52: Battery Energy Storage Market, Germany, Market Value ($m), 2013, 2018, 2023
Figure 53: Battery Energy Storage Market, Germany, Technology Market Share, 2018
Figure 54: Battery Energy Storage Market, Germany, Market Share (%), 2018
Figure 55: Battery Energy Storage Market, Italy, Market Volume (MW), 2013, 2018, 2023
Figure 56: Battery Energy Storage Market, Italy, Market Value ($m), 2013, 2018, 2023
Figure 57: Battery Energy Storage Market, Italy, Technology Market Share, 2018
Figure 58: Battery Energy Storage Market, Italy, Market Share (%), 2018
Figure 59: Battery Energy Storage Market, UK, Market Volume (MW), 2013, 2018, 2023
Figure 60: Battery Energy Storage Market, UK, Market Value ($m), 2013, 2018, 2023
Figure 61: Battery Energy Storage Market, UK, Market Share (%), 2018
Figure 62: Battery Energy Storage Market, France, Market Volume (MW), 2013, 2018, 2023
Figure 63: Battery Energy Storage Market, France, Market Value ($m), 2013, 2018, 2023
Figure 64: Battery Energy Storage Market, France, Technology Market Share, 2018
Figure 65: Battery Energy Storage Market, France, Market Share (%), 2018
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- NGK Insulators Ltd.
- BYD
- NEC
- Samsung SDI
- LG
- Xtreme Power
- Saft
- AES Energy Storage
- Kokam
- Tesla
- Exide
- Younicos
- Hitachi
- Lithium Energy Japan (GS Yuasa International Ltd. and Mitsubishi)
- GE Energy Storage
- Primus Power
- Prudent Energy Corporation
- Aquion Energy
- Mitsubishi
- Axion Power International Inc.
- ZBB Energy Corporation
- Elecyr Corporation
- GS-Yuasa
- ViZn Energy Systems
- SimpliPhi Power
- Nissan
- Johnson Controls
- Inc. (JCI)
- Toshiba
- Woojin Industrial Systems
- LG CNS
- Sumitomo Electric Industries
- Wanxiang Group
- Amperex Technology Limited (ATL)
- China Aviation Lithium Battery Co. Ltd. (CALB)
- A123 (NEC Energy Solutions)
- Panasonic
- Dong Fang Electric Machinery
- Photon Energy
- Sony
- Valence Technology
- Evonik
- Sanyo
- Alfen
- ABB
- Bosch
- U.S. Battery
