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Battery Energy Storage System Market Report: Trends, Forecast and Competitive Analysis

  • ID: 5003079
  • Report
  • April 2020
  • Region: Global
  • 150 pages
  • Lucintel
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FEATURED COMPANIES

  • ABB, LG Chem, NEC
  • AEG Power Solutions
  • General Electric
  • Hitachi
  • Panasonic
  • Samsung SDI
  • MORE
The future of the battery energy storage system market looks promising with opportunities in the residential, non-residential, and utility industries. The battery energy storage system market is expected to grow with a CAGR of 33% from 2019 to 2024. The major drivers for this market are increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries.

A more than 150 pages report is developed to help in your business decisions. To learn the scope of, benefits, companies researched and other details of the battery energy storage system market, then read this report.

The study includes the Battery energy storage system market size and forecast for the Battery energy storage system market through 2024, segmented by battery type, element, ownership, connection type, end use industry, and the region as follows:

By Battery Type [$M shipment analysis for 2013-2024]:
  • Lithium-Ion Batteries
  • Sodium–Sulfur Batteries
  • Flow Batteries
  • Advanced Lead-Acid Batteries
  • Others
By Element [$M shipment analysis for 2013-2024]:
  • Battery
  • Hardware
  • Other Elements
By Ownership [$M shipment analysis for 2013-2024]:
  • Utility Owned
  • Customer Owned
  • Third-Party Owned
By Connection Type [$M shipment analysis for 2013-2024]:
  • On-Grid Connection
  • Off-Grid Connection
By End Use Industry [$M shipment analysis for 2013-2024]:
  • Residential
  • Non-Residential
  • Utilities
  • Other Applications
By Region [$M shipment analysis for 2013-2024]:

North America
  • United States
  • Canada
  • Mexico
Europe
  • Germany
  • UK
  • Italy
Asia Pacific
  • China
  • Japan
  • India
  • Rest of the World
Some of the battery energy storage system companies profiled in this report include ABB, LG Chem, NEC, Panasonic, Samsung SDI, AEG Power Solutions, General Electric, Hitachi, Siemens AG, Tesla, and others.

Some of the features of Battery Energy Storage System Market Report : Trends, Forecast, and Opportunity Analysis include:
  • Market size estimates: Battery energy storage system market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
  • Segmentation analysis: Market size by various segmentations such as by battery type, element, ownership, connection type, end use industry, and region.
  • Regional analysis: Battery energy storage system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for battery energy storage system in the battery energy storage system market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for, battery energy storage system in the Battery energy storage system market.
  • Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the battery energy storage system market by battery type (lithium-ion batteries, sodium–sulfur batteries, flow batteries, advanced, and lead-acid batteries), element (battery and hardware), ownership (utility owned, customer owned, and third-party owned), connection type (on-grid, connection and off-grid connection), end use industry (residential, non-residential, utilities, and other applications), and region (North America, Europe, APAC, and ROW)?
Q.2 which segments will grow at a faster pace and why?
Q.3 which regions will grow at a faster pace and why?
Q.4 what are the key factors affecting market dynamics? What are the drivers and challenges of the battery energy storage system market?
Q.5 what are the business risks and threats to the battery energy storage system market?
Q.6 What are emerging trends in this battery energy storage system market and the reasons behind them?
Q.7 What are some changing demands of customers in the battery energy storage system market?
Q.8 What are the new developments in the battery energy storage system market? Which companies are leading these developments?
Q.9 Who are the major players in this battery energy storage system market? What strategic initiatives are being implemented By key players for business growth?
Q.10 What are some of the competitive products and processes in this battery energy storage system area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, battery energy storage system market?
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB, LG Chem, NEC
  • AEG Power Solutions
  • General Electric
  • Hitachi
  • Panasonic
  • Samsung SDI
  • MORE
1 Executive Summary

2 Market Trends and Forecast Analysis from 2013 to 2024
2.1 Introduction, Background, and Classification
2.2 Supply Chain
2.3 Industry Drivers and Challenges

3 Market Trends and Forecast Analysis from 2013 to 2024
3.1 Macroeconomic Trends and Forecast
3.2 Global Battery Energy Storage System Market: Trends and Forecast
3.3 Global Battery Energy Storage System Market by Battery Type
3.3.1 Lithium-Ion Batteries
3.3.2 Sodium–Sulfur Batteries
3.3.3 Flow Batteries
3.3.4 Advanced Lead-Acid Batteries
3.3.5 Others
3.4 Global Battery Energy Storage System Market by Element
3.4.1 Battery
3.4.2 Hardware
3.4.3 Other Elements
3.5 Global Battery Energy Storage System Market by Ownership
3.5.1 Utility Owned
3.5.2 Customer Owned
3.5.3 Third-Party Owned
3.6 Global Battery Energy Storage System Market by Connection Type
3.6.1 On-Grid Connection
3.6.2 Off-Grid Connection
3.3 Gobal Battery Energy Storage System Market by End Use Industry
3.7.1 Residential
3.7.2 Non-Residential
3.7.3 Utilities
3.7.4 Other Applications

4. Market Trends and Forecast Analysis by Region
4.1 Global Battery Energy Storage System Market by Region
4.2 North American Battery Energy Storage System Market
4.2.1 Market by End Use Industry: Residential, Non-Residential, and Utility Industries
4.2.2 Market by Battery Type: Lithium-Ion Batteries, Sodium–Sulfur Batteries, Flow Batteries, and
Advanced Lead-Acid Batteries
4.2.3 United States Battery Energy Storage System Market
4.2.4 Canadian Battery Energy Storage System Market
4.2.5 Mexican Battery Energy Storage System Market
4.3 European Battery Energy Storage System Market
4.3.1 Market by End Use Industry: Residential, Non-Residential, and Utility Industries
4.3.2 Market by Battery Type: Lithium-Ion Batteries, Sodium–Sulfur Batteries, Flow Batteries, and
Advanced Lead-Acid Batteries
4.3.3 German Battery Energy Storage System Market
4.3.4 Italian Battery Energy Storage System Market
4.3.5 The UK Battery Energy Storage System Market
4.4 APAC Battery Energy Storage System Market
4.4.1 Market by End Use Industry: Residential, Non-Residential, and Utility Industries
4.4.2 Market by Battery Type: Lithium-Ion Batteries, Sodium–Sulfur Batteries, Flow Batteries, and
Advanced Lead-Acid Batteries
4.4.3 Chinese Battery Energy Storage System Market
4.4.4 Indian Battery Energy Storage System Market
4.4.5 Japanese Battery Energy Storage System Market
4.5 ROW Battery Energy Storage System Market
4.5.1 Market by End Use Industry: Residential, Non-Residential, and Utility Industries
4.5.2 Market by Battery Type: Lithium-Ion Batteries, Sodium–Sulfur Batteries, Flow Batteries, and
Advanced Lead-Acid Batteries

5 Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Market Share Analysis
5.3 Operational Integration
5.4 Geographical Reach
5.5 Porter’s Five Forces Analysis

6 Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.1.1 Growth Opportunities for Global Battery Energy Storage System Market by Battery Type
6.1.2 Growth Opportunities for Global Battery Energy Storage System Market by Element
6.1.3 Growth Opportunities for Global Battery Energy Storage System Market by Ownership
6.1.4 Growth Opportunities for Global Battery Energy Storage System Market by Connection Type
6.1.5 Growth Opportunities for Global Battery Energy Storage System Market by End Use Industry
6.1.6 Growth Opportunities for Global Battery Energy Storage System Market by Region
6.2 Emerging Trends in Global Battery Energy Storage System Market
6.3 Strategic Analysis
6.3.1 New Product Development
6.3.2 Capacity Expansion of Global Battery Energy Storage System Market
6.3.3 Mergers, Acquisitions and Joint Ventures in the Global Market
6.3.4 Certification and Licensing

7 Company Profiles of Leading Players
7.1 ABB, LG Chem, NEC
7.2 Panasonic
7.3 Samsung SDI
7.4 AEG Power Solutions
7.5 General Electric
7.6 Hitachi
7.7 Siemens AG
7.8 Tesla

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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  • ABB, LG Chem, NEC
  • Panasonic
  • Samsung SDI
  • AEG Power Solutions
  • General Electric
  • Hitachi
  • Siemens AG
  • Tesla
Note: Product cover images may vary from those shown
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The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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