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Battery Energy Storage System for Power Grid-Global Market Insights and Sales Trends 2024

Battery Energy Storage System for Power Grid-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1843547

No of Pages : 129

Synopsis
The global Battery Energy Storage System for Power Grid market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Battery Energy Storage System for Power Grid in various end use industries. The expanding demands from the Residential and Utility & Commercial, are propelling Battery Energy Storage System for Power Grid market. Lithium-Ion Batteries, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Sodium–Sulfur Batteries segment is estimated at % CAGR for the next seven-year period.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 129%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Battery Energy Storage System for Power Grid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Battery Energy Storage System for Power Grid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Battery Energy Storage System for Power Grid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Battery Energy Storage System for Power Grid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Battery Energy Storage System for Power Grid covered in this report include Samsung SDI, LG Chem, Fluence, Hitachi, Kokam, LS Energy Solutions, SMA Solar Technology, NGK Insulators and GE, etc.
The global Battery Energy Storage System for Power Grid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Samsung SDI
LG Chem
Fluence
Hitachi
Kokam
LS Energy Solutions
SMA Solar Technology
NGK Insulators
GE
Primus Power
Panasonic
BYD Energy
Aggreko
ABB
Saft
Eos Energy Storage
Exergonix
Con Edison Solutions
East Penn Manufacturing
Enerdel
Global Battery Energy Storage System for Power Grid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Battery Energy Storage System for Power Grid market, Segment by Type:
Lithium-Ion Batteries
Sodium–Sulfur Batteries
Lead-Acid Batteries
Others
Global Battery Energy Storage System for Power Grid market, by Application
Residential
Utility & Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Battery Energy Storage System for Power Grid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Battery Energy Storage System for Power Grid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Battery Energy Storage System for Power Grid Market Overview
1.1 Battery Energy Storage System for Power Grid Product Overview
1.2 Battery Energy Storage System for Power Grid Market Segment by Type
1.2.1 Lithium-Ion Batteries
1.2.2 Sodium–Sulfur Batteries
1.2.3 Lead-Acid Batteries
1.2.4 Others
1.3 Global Battery Energy Storage System for Power Grid Market Size by Type
1.3.1 Global Battery Energy Storage System for Power Grid Market Size Overview by Type (2018-2029)
1.3.2 Global Battery Energy Storage System for Power Grid Historic Market Size Review by Type (2018-2023)
1.3.3 Global Battery Energy Storage System for Power Grid Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Battery Energy Storage System for Power Grid Sales Breakdown by Type (2018-2023)
1.4.2 Europe Battery Energy Storage System for Power Grid Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Battery Energy Storage System for Power Grid Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Battery Energy Storage System for Power Grid Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Battery Energy Storage System for Power Grid Sales Breakdown by Type (2018-2023)
2 Global Battery Energy Storage System for Power Grid Market Competition by Company
2.1 Global Top Players by Battery Energy Storage System for Power Grid Sales (2018-2023)
2.2 Global Top Players by Battery Energy Storage System for Power Grid Revenue (2018-2023)
2.3 Global Top Players by Battery Energy Storage System for Power Grid Price (2018-2023)
2.4 Global Top Manufacturers Battery Energy Storage System for Power Grid Manufacturing Base Distribution, Sales Area, Product Type
2.5 Battery Energy Storage System for Power Grid Market Competitive Situation and Trends
2.5.1 Battery Energy Storage System for Power Grid Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Battery Energy Storage System for Power Grid Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Battery Energy Storage System for Power Grid as of 2022)
2.7 Date of Key Manufacturers Enter into Battery Energy Storage System for Power Grid Market
2.8 Key Manufacturers Battery Energy Storage System for Power Grid Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Battery Energy Storage System for Power Grid Status and Outlook by Region
3.1 Global Battery Energy Storage System for Power Grid Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Battery Energy Storage System for Power Grid Historic Market Size by Region
3.2.1 Global Battery Energy Storage System for Power Grid Sales in Volume by Region (2018-2023)
3.2.2 Global Battery Energy Storage System for Power Grid Sales in Value by Region (2018-2023)
3.2.3 Global Battery Energy Storage System for Power Grid Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Battery Energy Storage System for Power Grid Forecasted Market Size by Region
3.3.1 Global Battery Energy Storage System for Power Grid Sales in Volume by Region (2024-2029)
3.3.2 Global Battery Energy Storage System for Power Grid Sales in Value by Region (2024-2029)
3.3.3 Global Battery Energy Storage System for Power Grid Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Battery Energy Storage System for Power Grid by Application
4.1 Battery Energy Storage System for Power Grid Market Segment by Application
4.1.1 Residential
4.1.2 Utility & Commercial
4.2 Global Battery Energy Storage System for Power Grid Market Size by Application
4.2.1 Global Battery Energy Storage System for Power Grid Market Size Overview by Application (2018-2029)
4.2.2 Global Battery Energy Storage System for Power Grid Historic Market Size Review by Application (2018-2023)
4.2.3 Global Battery Energy Storage System for Power Grid Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Battery Energy Storage System for Power Grid Sales Breakdown by Application (2018-2023)
4.3.2 Europe Battery Energy Storage System for Power Grid Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Battery Energy Storage System for Power Grid Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Battery Energy Storage System for Power Grid Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Battery Energy Storage System for Power Grid Sales Breakdown by Application (2018-2023)
5 North America Battery Energy Storage System for Power Grid by Country
5.1 North America Battery Energy Storage System for Power Grid Historic Market Size by Country
5.1.1 North America Battery Energy Storage System for Power Grid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Battery Energy Storage System for Power Grid Sales in Volume by Country (2018-2023)
5.1.3 North America Battery Energy Storage System for Power Grid Sales in Value by Country (2018-2023)
5.2 North America Battery Energy Storage System for Power Grid Forecasted Market Size by Country
5.2.1 North America Battery Energy Storage System for Power Grid Sales in Volume by Country (2024-2029)
5.2.2 North America Battery Energy Storage System for Power Grid Sales in Value by Country (2024-2029)
6 Europe Battery Energy Storage System for Power Grid by Country
6.1 Europe Battery Energy Storage System for Power Grid Historic Market Size by Country
6.1.1 Europe Battery Energy Storage System for Power Grid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Battery Energy Storage System for Power Grid Sales in Volume by Country (2018-2023)
6.1.3 Europe Battery Energy Storage System for Power Grid Sales in Value by Country (2018-2023)
6.2 Europe Battery Energy Storage System for Power Grid Forecasted Market Size by Country
6.2.1 Europe Battery Energy Storage System for Power Grid Sales in Volume by Country (2024-2029)
6.2.2 Europe Battery Energy Storage System for Power Grid Sales in Value by Country (2024-2029)
7 Asia-Pacific Battery Energy Storage System for Power Grid by Region
7.1 Asia-Pacific Battery Energy Storage System for Power Grid Historic Market Size by Region
7.1.1 Asia-Pacific Battery Energy Storage System for Power Grid Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Battery Energy Storage System for Power Grid Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Battery Energy Storage System for Power Grid Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Battery Energy Storage System for Power Grid Forecasted Market Size by Region
7.2.1 Asia-Pacific Battery Energy Storage System for Power Grid Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Battery Energy Storage System for Power Grid Sales in Value by Region (2024-2029)
8 Latin America Battery Energy Storage System for Power Grid by Country
8.1 Latin America Battery Energy Storage System for Power Grid Historic Market Size by Country
8.1.1 Latin America Battery Energy Storage System for Power Grid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Battery Energy Storage System for Power Grid Sales in Volume by Country (2018-2023)
8.1.3 Latin America Battery Energy Storage System for Power Grid Sales in Value by Country (2018-2023)
8.2 Latin America Battery Energy Storage System for Power Grid Forecasted Market Size by Country
8.2.1 Latin America Battery Energy Storage System for Power Grid Sales in Volume by Country (2024-2029)
8.2.2 Latin America Battery Energy Storage System for Power Grid Sales in Value by Country (2024-2029)
9 Middle East and Africa Battery Energy Storage System for Power Grid by Country
9.1 Middle East and Africa Battery Energy Storage System for Power Grid Historic Market Size by Country
9.1.1 Middle East and Africa Battery Energy Storage System for Power Grid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Battery Energy Storage System for Power Grid Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Battery Energy Storage System for Power Grid Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Battery Energy Storage System for Power Grid Forecasted Market Size by Country
9.2.1 Middle East and Africa Battery Energy Storage System for Power Grid Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Battery Energy Storage System for Power Grid Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Samsung SDI
10.1.1 Samsung SDI Company Information
10.1.2 Samsung SDI Introduction and Business Overview
10.1.3 Samsung SDI Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Samsung SDI Battery Energy Storage System for Power Grid Products Offered
10.1.5 Samsung SDI Recent Development
10.2 LG Chem
10.2.1 LG Chem Company Information
10.2.2 LG Chem Introduction and Business Overview
10.2.3 LG Chem Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.2.4 LG Chem Battery Energy Storage System for Power Grid Products Offered
10.2.5 LG Chem Recent Development
10.3 Fluence
10.3.1 Fluence Company Information
10.3.2 Fluence Introduction and Business Overview
10.3.3 Fluence Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Fluence Battery Energy Storage System for Power Grid Products Offered
10.3.5 Fluence Recent Development
10.4 Hitachi
10.4.1 Hitachi Company Information
10.4.2 Hitachi Introduction and Business Overview
10.4.3 Hitachi Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hitachi Battery Energy Storage System for Power Grid Products Offered
10.4.5 Hitachi Recent Development
10.5 Kokam
10.5.1 Kokam Company Information
10.5.2 Kokam Introduction and Business Overview
10.5.3 Kokam Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Kokam Battery Energy Storage System for Power Grid Products Offered
10.5.5 Kokam Recent Development
10.6 LS Energy Solutions
10.6.1 LS Energy Solutions Company Information
10.6.2 LS Energy Solutions Introduction and Business Overview
10.6.3 LS Energy Solutions Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.6.4 LS Energy Solutions Battery Energy Storage System for Power Grid Products Offered
10.6.5 LS Energy Solutions Recent Development
10.7 SMA Solar Technology
10.7.1 SMA Solar Technology Company Information
10.7.2 SMA Solar Technology Introduction and Business Overview
10.7.3 SMA Solar Technology Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.7.4 SMA Solar Technology Battery Energy Storage System for Power Grid Products Offered
10.7.5 SMA Solar Technology Recent Development
10.8 NGK Insulators
10.8.1 NGK Insulators Company Information
10.8.2 NGK Insulators Introduction and Business Overview
10.8.3 NGK Insulators Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.8.4 NGK Insulators Battery Energy Storage System for Power Grid Products Offered
10.8.5 NGK Insulators Recent Development
10.9 GE
10.9.1 GE Company Information
10.9.2 GE Introduction and Business Overview
10.9.3 GE Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.9.4 GE Battery Energy Storage System for Power Grid Products Offered
10.9.5 GE Recent Development
10.10 Primus Power
10.10.1 Primus Power Company Information
10.10.2 Primus Power Introduction and Business Overview
10.10.3 Primus Power Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Primus Power Battery Energy Storage System for Power Grid Products Offered
10.10.5 Primus Power Recent Development
10.11 Panasonic
10.11.1 Panasonic Company Information
10.11.2 Panasonic Introduction and Business Overview
10.11.3 Panasonic Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Panasonic Battery Energy Storage System for Power Grid Products Offered
10.11.5 Panasonic Recent Development
10.12 BYD Energy
10.12.1 BYD Energy Company Information
10.12.2 BYD Energy Introduction and Business Overview
10.12.3 BYD Energy Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.12.4 BYD Energy Battery Energy Storage System for Power Grid Products Offered
10.12.5 BYD Energy Recent Development
10.13 Aggreko
10.13.1 Aggreko Company Information
10.13.2 Aggreko Introduction and Business Overview
10.13.3 Aggreko Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Aggreko Battery Energy Storage System for Power Grid Products Offered
10.13.5 Aggreko Recent Development
10.14 ABB
10.14.1 ABB Company Information
10.14.2 ABB Introduction and Business Overview
10.14.3 ABB Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.14.4 ABB Battery Energy Storage System for Power Grid Products Offered
10.14.5 ABB Recent Development
10.15 Saft
10.15.1 Saft Company Information
10.15.2 Saft Introduction and Business Overview
10.15.3 Saft Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Saft Battery Energy Storage System for Power Grid Products Offered
10.15.5 Saft Recent Development
10.16 Eos Energy Storage
10.16.1 Eos Energy Storage Company Information
10.16.2 Eos Energy Storage Introduction and Business Overview
10.16.3 Eos Energy Storage Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Eos Energy Storage Battery Energy Storage System for Power Grid Products Offered
10.16.5 Eos Energy Storage Recent Development
10.17 Exergonix
10.17.1 Exergonix Company Information
10.17.2 Exergonix Introduction and Business Overview
10.17.3 Exergonix Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Exergonix Battery Energy Storage System for Power Grid Products Offered
10.17.5 Exergonix Recent Development
10.18 Con Edison Solutions
10.18.1 Con Edison Solutions Company Information
10.18.2 Con Edison Solutions Introduction and Business Overview
10.18.3 Con Edison Solutions Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Con Edison Solutions Battery Energy Storage System for Power Grid Products Offered
10.18.5 Con Edison Solutions Recent Development
10.19 East Penn Manufacturing
10.19.1 East Penn Manufacturing Company Information
10.19.2 East Penn Manufacturing Introduction and Business Overview
10.19.3 East Penn Manufacturing Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.19.4 East Penn Manufacturing Battery Energy Storage System for Power Grid Products Offered
10.19.5 East Penn Manufacturing Recent Development
10.20 Enerdel
10.20.1 Enerdel Company Information
10.20.2 Enerdel Introduction and Business Overview
10.20.3 Enerdel Battery Energy Storage System for Power Grid Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Enerdel Battery Energy Storage System for Power Grid Products Offered
10.20.5 Enerdel Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Battery Energy Storage System for Power Grid Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Battery Energy Storage System for Power Grid Industrial Chain Analysis
11.4 Battery Energy Storage System for Power Grid Market Dynamics
11.4.1 Battery Energy Storage System for Power Grid Industry Trends
11.4.2 Battery Energy Storage System for Power Grid Market Drivers
11.4.3 Battery Energy Storage System for Power Grid Market Challenges
11.4.4 Battery Energy Storage System for Power Grid Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Battery Energy Storage System for Power Grid Distributors
12.3 Battery Energy Storage System for Power Grid Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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