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Battery Energy Storage System Market

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    Report

  • 311 Pages
  • April 2022
  • Region: Global
  • Future Market Insights
  • ID: 5578970
A recent market study on the market offers global industry analysis for 2014-2021 & opportunity assessment for 2022-2032. The study offers a comprehensive assessment of the more important market dynamics.

After conducting thorough research on the historical and current growth parameters of the Battery Energy Storage System Market, the growth prospects of the market are obtained with maximum precision.

Market Segmentation


The Battery Energy Storage System Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Storage System

  • Front-of-the-meter
  • Behind-the-meter

By Element

  • Battery
  • Others

By Battery Type

  • Lithium-Ion Batteries
  • Advanced Lead-Acid Batteries
  • Flow Batteries
  • Others

By Connection Type

  • On-grid
  • Off-grid

By Ownership

  • Customer-Owned
  • Third-Party Owned
  • Utility-Owned

By Energy Capacity

  • Below 100 MWh
  • Between 100 to 500 MWh
  • Above 500 MWh

By Application

  • Residential
  • Commercial
  • Utility

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)

Table of Contents

1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Battery Energy Storage System Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Battery Energy Storage System By Country, US$ Mn
4.2. Battery Energy Storage System Market Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Imp
4.5.1. Top Companies Historical Growth
4.5.2. Global Battery Energy Storage System Growth
4.5.3. Battery Energy Storage System Adoption Rate, by Country
4.5.4. Investments in 3D Printing Technology
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Battery Energy Storage System Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Battery Energy Storage System Market Demand Analysis 2015-2021 and Forecast, 2022-2032
6.1. Historical Market Analysis, 2015-2021
6.2. Current and Future Market Projections, 2022-2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Battery Energy Storage System Market Value Analysis 2015-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032, By Storage System
8.1. Introduction/Key Findings
8.2. Historical Market Value (US$ Mn) and Analysis By Storage System , 2015-2021
8.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Storage System , 2022-2032
8.3.1. Front-of-the-meter
8.3.2. Behind-the-meter
8.4. Market Attractiveness Analysis By Storage System
9. Global Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032, By Element
9.1. Introduction/Key Findings
9.2. Historical Market Value (US$ Mn) and Analysis By Element, 2015-2021
9.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Element, 2022-2032
9.3.1. Battery
9.3.2. Others
9.3.2.1. Hardware
9.3.2.2. Others
9.4. Market Attractiveness Analysis By Element
10. Global Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032, By Battery Type
10.1. Introduction/Key Findings
10.2. Historical Market Value (US$ Mn) and Analysis By Battery Type , 2015-2021
10.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Battery Type , 2022-2032
10.3.1. Lithium-Ion Batteries
10.3.2. Advanced Lead-Acid Batteries
10.3.3. Flow Batteries
10.3.4. Others
10.4. Market Attractiveness Analysis By Battery Type
11. Global Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032, By Connection Type
11.1. Introduction/Key Findings
11.2. Historical Market Value (US$ Mn) and Analysis By Connection Type, 2015-2021
11.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Connection Type, 2022-2032
11.3.1. On-grid
11.3.2. Off-grid
11.4. Market Attractiveness Analysis By Connection Type
12. Global Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032, By Ownership
12.1. Introduction/Key Findings
12.2. Historical Market Value (US$ Mn) and Analysis By Ownership, 2015-2021
12.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Ownership, 2022-2032
12.3.1. Customer-Owned
12.3.2. Third-Party Owned
12.3.3. Utility-Owned
12.4. Market Attractiveness Analysis By Ownership
13. Global Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032, By Energy Capacity
13.1. Introduction/Key Findings
13.2. Historical Market Value (US$ Mn) and Analysis By Energy Capacity, 2015-2021
13.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Energy Capacity, 2022-2032
13.3.1. Below 100 MWh
13.3.2. Between 100 to 500 MWh
13.3.3. Above 500 MWh
13.4. Market Attractiveness Analysis By Energy Capacity
14. Global Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032, By Application
14.1. Introduction/Key Findings
14.2. Historical Market Value (US$ Mn) and Analysis By Application, 2015-2021
14.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Application, 2022-2032
14.3.1. Residential
14.3.2. Commercial
14.3.3. Utility
14.4. Market Attractiveness Analysis By Application
15. Global Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032, By Region
15.1. Introduction
15.2. Historical Market Value (US$ Mn) and Analysis By Region, 2015-2021
15.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032
15.3.1. North America
15.3.2. Latin America
15.3.3. Europe
15.3.4. Asia Pacefic
15.3.5. Middle East and Africa (MEA)
15.4. Market Attractiveness Analysis By Region
16. North America Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021
16.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
16.4.1. By Country
16.4.1.1. U.S.
16.4.1.2. Canada
16.4.2. By Battery Type
16.4.3. By Storage System
16.4.4. By Element
16.4.5. By Connection Type
16.4.6. By Ownership
16.4.7. By Application
16.4.8. By Energy Capacity
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Battery Type
16.5.3. By Storage System
16.5.4. By Element
16.5.5. By Connection Type
16.5.6. By Ownership
16.5.7. By Application
16.5.8. By Energy Capacity
17. Latin America Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021
17.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
17.4.1. By Country
17.4.1.1. Brazil
17.4.1.2. Mexico
17.4.1.3. Rest of Latin America
17.4.2. By Battery Type
17.4.3. By Storage System
17.4.4. By Element
17.4.5. By Connection Type
17.4.6. By Ownership
17.4.7. By Application
17.4.8. By Energy Capacity
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Battery Type
17.5.3. By Storage System
17.5.4. By Element
17.5.5. By Connection Type
17.5.6. By Ownership
17.5.7. By Application
17.5.8. By Energy Capacity
18. Europe Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021
18.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
18.4.1. By Country
18.4.1.1. Germany
18.4.1.2. France
18.4.1.3. U.K.
18.4.1.4. Italy
18.4.1.5. Benelux
18.4.1.6. Russia
18.4.1.7. Rest of Europe
18.4.2. By Battery Type
18.4.3. By Storage System
18.4.4. By Element
18.4.5. By Connection Type
18.4.6. By Ownership
18.4.7. By Application
18.4.8. By Energy Capacity
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Battery Type
18.5.3. By Storage System
18.5.4. By Element
18.5.5. By Connection Type
18.5.6. By Ownership
18.5.7. By Application
18.5.8. By Energy Capacity
19. Asia Pacific Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021
19.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
19.4.1. By Country
19.4.1.1. China
19.4.1.2. Japan
19.4.1.3. South Korea
19.4.1.4. Rest of Asia Pacific
19.4.2. By Battery Type
19.4.3. By Storage System
19.4.4. By Element
19.4.5. By Connection Type
19.4.6. By Ownership
19.4.7. By Application
19.4.8. By Energy Capacity
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Battery Type
19.5.3. By Storage System
19.5.4. By Element
19.5.5. By Connection Type
19.5.6. By Ownership
19.5.7. By Application
19.5.8. By Energy Capacity
20. Middle East and Africa Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032
20.1. Introduction
20.2. Pricing Analysis
20.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021
20.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
20.4.1. By Country
20.4.1.1. GCC Countries
20.4.1.2. South Africa
20.4.1.3. Turkey
20.4.1.4. Rest of Middle East and Africa
20.4.2. By Battery Type
20.4.3. By Storage System
20.4.4. By Element
20.4.5. By Connection Type
20.4.6. By Ownership
20.4.7. By Application
20.4.8. By Energy Capacity
20.5. Market Attractiveness Analysis
20.5.1. By Country
20.5.2. By Battery Type
20.5.3. By Storage System
20.5.4. By Element
20.5.5. By Connection Type
20.5.6. By Ownership
20.5.7. By Application
20.5.8. By Energy Capacity
21. Key Countries Battery Energy Storage System Market Analysis 2015-2021 and Forecast 2022-2032
21.1. Introduction
21.1.1. Market Value Proportion Analysis, By Key Countries
21.1.2. Global Vs. Country Growth Comparison
21.2. US Battery Energy Storage System Market Analysis
21.2.1. Value Proportion Analysis by Market Taxonomy
21.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.2.2.1. By Battery Type
21.2.2.2. By Storage System
21.2.2.3. By Element
21.2.2.4. By Connection Type
21.2.2.5. By Ownership
21.2.2.6. By Application
21.2.2.7. By Energy Capacity
21.3. Canada Battery Energy Storage System Market Analysis
21.3.1. Value Proportion Analysis by Market Taxonomy
21.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.3.2.1. By Battery Type
21.3.2.2. By Storage System
21.3.2.3. By Element
21.3.2.4. By Connection Type
21.3.2.5. By Ownership
21.3.2.6. By Application
21.3.2.7. By Energy Capacity
21.4. Mexico Battery Energy Storage System Market Analysis
21.4.1. Value Proportion Analysis by Market Taxonomy
21.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.4.2.1. By Battery Type
21.4.2.2. By Storage System
21.4.2.3. By Element
21.4.2.4. By Connection Type
21.4.2.5. By Ownership
21.4.2.6. By Application
21.4.2.7. By Energy Capacity
21.5. Brazil Battery Energy Storage System Market Analysis
21.5.1. Value Proportion Analysis by Market Taxonomy
21.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.5.2.1. By Battery Type
21.5.2.2. By Storage System
21.5.2.3. By Element
21.5.2.4. By Connection Type
21.5.2.5. By Ownership
21.5.2.6. By Application
21.5.2.7. By Energy Capacity
21.6. Germany Battery Energy Storage System Market Analysis
21.6.1. Value Proportion Analysis by Market Taxonomy
21.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.6.2.1. By Battery Type
21.6.2.2. By Storage System
21.6.2.3. By Element
21.6.2.4. By Connection Type
21.6.2.5. By Ownership
21.6.2.6. By Application
21.6.2.7. By Energy Capacity
21.7. France Battery Energy Storage System Market Analysis
21.7.1. Value Proportion Analysis by Market Taxonomy
21.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.7.2.1. By Battery Type
21.7.2.2. By Storage System
21.7.2.3. By Element
21.7.2.4. By Connection Type
21.7.2.5. By Ownership
21.7.2.6. By Application
21.7.2.7. By Energy Capacity
21.8. Italy Battery Energy Storage System Market Analysis
21.8.1. Value Proportion Analysis by Market Taxonomy
21.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.8.2.1. By Battery Type
21.8.2.2. By Storage System
21.8.2.3. By Element
21.8.2.4. By Connection Type
21.8.2.5. By Ownership
21.8.2.6. By Application
21.8.2.7. By Energy Capacity
21.9. Russia Battery Energy Storage System Market Analysis
21.9.1. Value Proportion Analysis by Market Taxonomy
21.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.9.2.1. By Battery Type
21.9.2.2. By Storage System
21.9.2.3. By Element
21.9.2.4. By Connection Type
21.9.2.5. By Ownership
21.9.2.6. By Application
21.9.2.7. By Energy Capacity
21.10. UK Battery Energy Storage System Market Analysis
21.10.1. Value Proportion Analysis by Market Taxonomy
21.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.10.2.1. By Battery Type
21.10.2.2. By Storage System
21.10.2.3. By Element
21.10.2.4. By Connection Type
21.10.2.5. By Ownership
21.10.2.6. By Application
21.10.2.7. By Energy Capacity
21.11. China Battery Energy Storage System Market Analysis
21.11.1. Value Proportion Analysis by Market Taxonomy
21.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.11.2.1. By Battery Type
21.11.2.2. By Storage System
21.11.2.3. By Element
21.11.2.4. By Connection Type
21.11.2.5. By Ownership
21.11.2.6. By Application
21.11.2.7. By Energy Capacity
21.12. Japan Battery Energy Storage System Market Analysis
21.12.1. Value Proportion Analysis by Market Taxonomy
21.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.12.2.1. By Battery Type
21.12.2.2. By Storage System
21.12.2.3. By Element
21.12.2.4. By Connection Type
21.12.2.5. By Ownership
21.12.2.6. By Application
21.12.2.7. By Energy Capacity
21.13. South Korea Battery Energy Storage System Market Analysis
21.13.1. Value Proportion Analysis by Market Taxonomy
21.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.13.2.1. By Battery Type
21.13.2.2. By Storage System
21.13.2.3. By Element
21.13.2.4. By Connection Type
21.13.2.5. By Ownership
21.13.2.6. By Application
21.13.2.7. By Energy Capacity
21.14. GCC Countries Battery Energy Storage System Market Analysis
21.14.1. Value Proportion Analysis by Market Taxonomy
21.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.14.2.1. By Battery Type
21.14.2.2. By Storage System
21.14.2.3. By Element
21.14.2.4. By Connection Type
21.14.2.5. By Ownership
21.14.2.6. By Application
21.14.2.7. By Energy Capacity
21.15. South Africa Battery Energy Storage System Market Analysis
21.15.1. Value Proportion Analysis by Market Taxonomy
21.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.15.2.1. By Battery Type
21.15.2.2. By Storage System
21.15.2.3. By Element
21.15.2.4. By Connection Type
21.15.2.5. By Ownership
21.15.2.6. By Application
21.15.2.7. By Energy Capacity
21.16. Turkey Battery Energy Storage System Market Analysis
21.16.1. Value Proportion Analysis by Market Taxonomy
21.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
21.16.2.1. By Battery Type
21.16.2.2. By Storage System
21.16.2.3. By Element
21.16.2.4. By Connection Type
21.16.2.5. By Ownership
21.16.2.6. By Application
21.16.2.7. By Energy Capacity
21.16.3. Competition Landscape and Player Concentration in the Country
22. Market Structure Analysis
22.1. Market Analysis by Tier of Companies
22.2. Market Concentration
22.3. Market Share Analysis of Top Players
22.4. Market Presence Analysis
22.4.1. By Regional footprint of Players
22.4.2. Product footprint by Players
23. Competition Analysis
23.1. Competition Dashboard
23.2. Competition Benchmarking
23.3. Competition Deep Dive
23.3.1. ABB
23.3.1.1. Overview
23.3.1.2. Product Portfolio
23.3.1.3. Sales Footprint
23.3.1.4. Strategy Overview
23.3.2. AEG Power Solutions
23.3.2.1. Overview
23.3.2.2. Product Portfolio
23.3.2.3. Sales Footprint
23.3.2.4. Strategy Overview
23.3.3. BYD Company Lmited
23.3.3.1. Overview
23.3.3.2. Product Portfolio
23.3.3.3. Sales Footprint
23.3.3.4. Strategy Overview
23.3.4. Delta Electronics INC.
23.3.4.1. Overview
23.3.4.2. Product Portfolio
23.3.4.3. Sales Footprint
23.3.4.4. Strategy Overview
23.3.5. General Electric
23.3.5.1. Overview
23.3.5.2. Product Portfolio
23.3.5.3. Sales Footprint
23.3.5.4. Strategy Overview
23.3.6. Hitachi LTD.
23.3.6.1. Overview
23.3.6.2. Product Portfolio
23.3.6.3. Sales Footprint
23.3.6.4. Strategy Overview
23.3.7. Honeywell International INC
23.3.7.1. Overview
23.3.7.2. Product Portfolio
23.3.7.3. Sales Footprint
23.3.7.4. Strategy Overview
23.3.8. LG Energy Solutions Co. Ltd
23.3.8.1. Overview
23.3.8.2. Product Portfolio
23.3.8.3. Sales Footprint
23.3.8.4. Strategy Overview
23.3.9. NEC Corporation
23.3.9.1. Overview
23.3.9.2. Product Portfolio
23.3.9.3. Sales Footprint
23.3.9.4. Strategy Overview
23.3.10. NGK Insulators Ltd.
23.3.10.1. Overview
23.3.10.2. Product Portfolio
23.3.10.3. Sales Footprint
23.3.10.4. Strategy Overview
24. Assumptions and Acronyms Used25. Research Methodology

Companies Mentioned

  • Byd Company Limited (China)
  • Samsung Sdi Co. Ltd. (South Korea)
  • Lg Energy Solutions Co. Ltd. (South Korea)
  • Panasonic Corporation (Japan)