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Battery Storage System Market Research Report by Connection Type, by Ownership, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19

  • ID: 4857942
  • Report
  • June 2020
  • Region: Global
  • 226 pages
  • 360iResearch™
until Dec 31st 2020
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The Global Battery Storage System Market to Grow USD 8,405.90 Million by 2025, at a CAGR of 28.98%


  • ABB
  • AES Corporation
  • Corvus Energy Ltd.
  • General Electric Company
  • LG Chem Ltd.
  • Panasonic Corporation
  • MORE
The Global Battery Storage System Market is expected to grow from USD 1,825.13 Million in 2019 to USD 8,405.90 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 28.98%.

Market Segmentation & Coverage:

This research report categorizes the Battery Storage System to forecast the revenues and analyze the trends in each of the following sub-markets:

On the basis of Connection Type, the Battery Storage System Market is examined across Off-Grid Connection and On-Grid Connection.

On the basis of Battery Type, the Battery Storage System Market is examined across Advanced Lead-Acid Batteries, Flow Batteries, Lithium-Ion Batteries, Nickel Metal Hydride Battery, Nickel-Cadmium Battery, Nickel-Iron Battery, and Sodium-Sulfur Batteries.

On the basis of Ownership, the Battery Storage System Market is examined across Customer Owned, Third-Party Owned, and Utility Owned.

On the basis of Application, the Battery Storage System Market is examined across Non-Residential, Residential, and Utilities.

On the basis of Geography, the Battery Storage System Market is examined across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region is examined across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region is examined across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region is examined across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Company Usability Profiles:

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Battery Storage System Market including ABB, AEG Power Solutions B.V., AES Corporation, Alevo Group, Corvus Energy Ltd., East Penn Manufacturing Co., Exergonix, Inc., General Electric Company, Hitachi, Ltd., LG Chem Ltd., NEC Corporation, Panasonic Corporation, Samsung SDI Co, Siemens AG, and Tesla, Inc..

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Battery Storage System Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.

Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Battery Storage System Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Battery Storage System Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Battery Storage System Market?
4. What is the competitive strategic window for opportunities in the Global Battery Storage System Market?
5. What are the technology trends and regulatory frameworks in the Global Battery Storage System Market?
6. What are the modes and strategic moves considered suitable for entering the Global Battery Storage System Market?
Note: Product cover images may vary from those shown
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  • ABB
  • AES Corporation
  • Corvus Energy Ltd.
  • General Electric Company
  • LG Chem Ltd.
  • Panasonic Corporation
  • MORE
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Define: Research Objective
2.1.2. Determine: Research Design
2.1.3. Prepare: Research Instrument
2.1.4. Collect: Data Source
2.1.5. Analyze: Data Interpretation
2.1.6. Formulate: Data Verification
2.1.7. Publish: Research Report
2.1.8. Repeat: Report Update
2.2. Research Execution
2.2.1. Initiation: Research Process
2.2.2. Planning: Develop Research Plan
2.2.3. Execution: Conduct Research
2.2.4. Verification: Finding & Analysis
2.2.5. Publication: Research Report
2.3. Research Outcome
2.3.1. Competitive Strategic Window

3. Executive Summary
3.1. Market Outlook
3.2. Connection Type Outlook
3.3. Battery Type Outlook
3.4. Ownership Outlook
3.5. Application Outlook
3.6. Geography Outlook
3.7. Competitor Outlook

4. Market Overview
4.1. Introduction
4.2. Battery Storage System Market, By Geography

5. Market Dynamics
5.1. Introduction
5.1.1. Drivers Growing demand for grid-connected solutions High demand for lithium-ion technology in the renewable energy industry Declining prices of lithium-ion batteries
5.1.2. Restraints High capital investment required for the deployment Lack of the availability of vendors and project financing
5.1.3. Opportunities Rising focus on rural electrification worldwide Development of molten-salt battery technology Large storage requirements in data centers Efforts taken by governments around the world to reduce carbon emissions by mandating on fuel economy
5.1.4. Challenges Installation of battery energy storage systems in remote locations

6. Market Insights
6.1. Porters Five Forces Analysis
6.1.1. Threat of New Entrants
6.1.2. Threat of Substitutes
6.1.3. Bargaining Power of Customers
6.1.4. Bargaining Power of Suppliers
6.1.5. Industry Rivalry
6.2. Cumulative Impact of COVID-19
6.3. Client Customizations
6.3.1. Value Chain Anlalysis

7. Global Battery Storage System Market, By Connection Type
7.1. Introduction
7.2. Off-Grid Connection
7.3. On-Grid Connection

8. Global Battery Storage System Market, By Battery Type
8.1. Introduction
8.2. Advanced Lead-Acid Batteries
8.3. Flow Batteries
8.4. Lithium-Ion Batteries
8.5. Nickel Metal Hydride Battery
8.6. Nickel–Cadmium Battery
8.7. Nickel–Iron Battery
8.8. Sodium–Sulfur Batteries

9. Global Battery Storage System Market, By Ownership
9.1. Introduction
9.2. Customer Owned
9.3. Third-Party Owned
9.4. Utility Owned

10. Global Battery Storage System Market, By Application
10.1. Introduction
10.2. Non-Residential
10.3. Residential
10.4. Utilities

11. Americas Battery Storage System Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Battery Storage System Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. South Korea
12.10. Thailand

13. Europe, Middle East & Africa Battery Storage System Market
13.1. Introduction
13.2. France
13.3. Germany
13.4. Italy
13.5. Netherlands
13.6. Qatar
13.7. Russia
13.8. Saudi Arabia
13.9. South Africa
13.10. Spain
13.11. United Arab Emirates
13.12. United Kingdom

14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.1.1. Quadrants
14.1.2. Business Strategy
14.1.3. Product Satisfaction
14.2. Market Ranking Analysis
14.3. Market Share Analysis
14.4. Competitive Scenario
14.4.1. Merger & Acquisition
14.4.2. Agreement, Collaboration & Partnership
14.4.3. New Product Launch & Enhancement
14.4.4. Investment & Funding

15. Company Usability Profiles
15.1. ABB
15.2. AEG Power Solutions B.V.
15.3. AES Corporation
15.4. Alevo Group
15.5. Corvus Energy Ltd.
15.6. East Penn Manufacturing Co.
15.7. Exergonix, Inc.
15.8. General Electric Company
15.9. Hitachi, Ltd.
15.10. LG Chem Ltd.
15.11. NEC Corporation
15.12. Panasonic Corporation
15.13. Samsung SDI Co
15.14. Siemens AG
15.15. Tesla, Inc.

16. Appendix
16.1. Discussion Guide
16.2. Edition Details
16.3. License Details
16.4. Pricing Details
Note: Product cover images may vary from those shown
3 of 3
  • ABB
  • AEG Power Solutions B.V.
  • AES Corporation
  • Alevo Group
  • Corvus Energy Ltd.
  • East Penn Manufacturing Co.
  • Exergonix, Inc.
  • General Electric Company
  • Hitachi, Ltd.
  • LG Chem Ltd.
  • NEC Corporation
  • Panasonic Corporation
  • Samsung SDI Co
  • Siemens AG
  • Tesla, Inc.
Note: Product cover images may vary from those shown