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Battery Energy Storage Systems-Global Market Insights and Sales Trends 2024

Battery Energy Storage Systems-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1844093

No of Pages : 125

Synopsis
A battery energy storage system is a system that stores energy via the use of a battery technology for it to be used at a later time.
The global Battery Energy Storage Systems market size is expected to reach US$ 11830 million by 2029, growing at a CAGR of 27.5% from 2023 to 2029. The market is mainly driven by the significant applications of Battery Energy Storage Systems in various end use industries. The expanding demands from the Residential, Non-Residential, Utilities and Other Applications, are propelling Battery Energy Storage Systems market. Secondary 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 Flow Batteries segment is estimated at % CAGR for the next seven-year period.
Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world's largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU's dependence on Asian manufacturers in the battery storage field. According to Data Europa’s statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity. According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 63% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.
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 Systems, 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 Systems 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 Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Battery Energy Storage Systems 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 Systems covered in this report include ABB, LG Chem, NEC, Panasonic, Samsung SDI, AEG Power Solutions, General Electric, Hitachi and Siemens AG, etc.
The global Battery Energy Storage Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
LG Chem
NEC
Panasonic
Samsung SDI
AEG Power Solutions
General Electric
Hitachi
Siemens AG
Tesla
The Aes Corporation
Alevo Group
Exergonix
Corvus Energy
East Penn Manufacturing
Enerdel
MHI
NGK Insulators
Toshiba
Trinabess
Global Battery Energy Storage Systems 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 Systems market, Segment by Type:
Secondary Batteries
Flow Batteries
Others
Global Battery Energy Storage Systems market, by Application
Residential
Non-Residential
Utilities
Other Applications
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 Systems 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 Systems 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 Systems Market Overview
1.1 Battery Energy Storage Systems Product Overview
1.2 Battery Energy Storage Systems Market Segment by Type
1.2.1 Secondary Batteries
1.2.2 Flow Batteries
1.2.3 Others
1.3 Global Battery Energy Storage Systems Market Size by Type
1.3.1 Global Battery Energy Storage Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Battery Energy Storage Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Battery Energy Storage Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Battery Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Battery Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Battery Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Battery Energy Storage Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Battery Energy Storage Systems Sales Breakdown by Type (2018-2023)
2 Global Battery Energy Storage Systems Market Competition by Company
2.1 Global Top Players by Battery Energy Storage Systems Sales (2018-2023)
2.2 Global Top Players by Battery Energy Storage Systems Revenue (2018-2023)
2.3 Global Top Players by Battery Energy Storage Systems Price (2018-2023)
2.4 Global Top Manufacturers Battery Energy Storage Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Battery Energy Storage Systems Market Competitive Situation and Trends
2.5.1 Battery Energy Storage Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Battery Energy Storage Systems 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 Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Battery Energy Storage Systems Market
2.8 Key Manufacturers Battery Energy Storage Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Battery Energy Storage Systems Status and Outlook by Region
3.1 Global Battery Energy Storage Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Battery Energy Storage Systems Historic Market Size by Region
3.2.1 Global Battery Energy Storage Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Battery Energy Storage Systems Sales in Value by Region (2018-2023)
3.2.3 Global Battery Energy Storage Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Battery Energy Storage Systems Forecasted Market Size by Region
3.3.1 Global Battery Energy Storage Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Battery Energy Storage Systems Sales in Value by Region (2024-2029)
3.3.3 Global Battery Energy Storage Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Battery Energy Storage Systems by Application
4.1 Battery Energy Storage Systems Market Segment by Application
4.1.1 Residential
4.1.2 Non-Residential
4.1.3 Utilities
4.1.4 Other Applications
4.2 Global Battery Energy Storage Systems Market Size by Application
4.2.1 Global Battery Energy Storage Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Battery Energy Storage Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Battery Energy Storage Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Battery Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Battery Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Battery Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Battery Energy Storage Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Battery Energy Storage Systems Sales Breakdown by Application (2018-2023)
5 North America Battery Energy Storage Systems by Country
5.1 North America Battery Energy Storage Systems Historic Market Size by Country
5.1.1 North America Battery Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Battery Energy Storage Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Battery Energy Storage Systems Sales in Value by Country (2018-2023)
5.2 North America Battery Energy Storage Systems Forecasted Market Size by Country
5.2.1 North America Battery Energy Storage Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Battery Energy Storage Systems Sales in Value by Country (2024-2029)
6 Europe Battery Energy Storage Systems by Country
6.1 Europe Battery Energy Storage Systems Historic Market Size by Country
6.1.1 Europe Battery Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Battery Energy Storage Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Battery Energy Storage Systems Sales in Value by Country (2018-2023)
6.2 Europe Battery Energy Storage Systems Forecasted Market Size by Country
6.2.1 Europe Battery Energy Storage Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Battery Energy Storage Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Battery Energy Storage Systems by Region
7.1 Asia-Pacific Battery Energy Storage Systems Historic Market Size by Region
7.1.1 Asia-Pacific Battery Energy Storage Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Battery Energy Storage Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Battery Energy Storage Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Battery Energy Storage Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Battery Energy Storage Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Battery Energy Storage Systems Sales in Value by Region (2024-2029)
8 Latin America Battery Energy Storage Systems by Country
8.1 Latin America Battery Energy Storage Systems Historic Market Size by Country
8.1.1 Latin America Battery Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Battery Energy Storage Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Battery Energy Storage Systems Sales in Value by Country (2018-2023)
8.2 Latin America Battery Energy Storage Systems Forecasted Market Size by Country
8.2.1 Latin America Battery Energy Storage Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Battery Energy Storage Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Battery Energy Storage Systems by Country
9.1 Middle East and Africa Battery Energy Storage Systems Historic Market Size by Country
9.1.1 Middle East and Africa Battery Energy Storage Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Battery Energy Storage Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Battery Energy Storage Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Battery Energy Storage Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Battery Energy Storage Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Battery Energy Storage Systems Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Battery Energy Storage Systems Products Offered
10.1.5 ABB 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 Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 LG Chem Battery Energy Storage Systems Products Offered
10.2.5 LG Chem Recent Development
10.3 NEC
10.3.1 NEC Company Information
10.3.2 NEC Introduction and Business Overview
10.3.3 NEC Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 NEC Battery Energy Storage Systems Products Offered
10.3.5 NEC Recent Development
10.4 Panasonic
10.4.1 Panasonic Company Information
10.4.2 Panasonic Introduction and Business Overview
10.4.3 Panasonic Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Panasonic Battery Energy Storage Systems Products Offered
10.4.5 Panasonic Recent Development
10.5 Samsung SDI
10.5.1 Samsung SDI Company Information
10.5.2 Samsung SDI Introduction and Business Overview
10.5.3 Samsung SDI Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Samsung SDI Battery Energy Storage Systems Products Offered
10.5.5 Samsung SDI Recent Development
10.6 AEG Power Solutions
10.6.1 AEG Power Solutions Company Information
10.6.2 AEG Power Solutions Introduction and Business Overview
10.6.3 AEG Power Solutions Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 AEG Power Solutions Battery Energy Storage Systems Products Offered
10.6.5 AEG Power Solutions Recent Development
10.7 General Electric
10.7.1 General Electric Company Information
10.7.2 General Electric Introduction and Business Overview
10.7.3 General Electric Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 General Electric Battery Energy Storage Systems Products Offered
10.7.5 General Electric Recent Development
10.8 Hitachi
10.8.1 Hitachi Company Information
10.8.2 Hitachi Introduction and Business Overview
10.8.3 Hitachi Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Hitachi Battery Energy Storage Systems Products Offered
10.8.5 Hitachi Recent Development
10.9 Siemens AG
10.9.1 Siemens AG Company Information
10.9.2 Siemens AG Introduction and Business Overview
10.9.3 Siemens AG Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Siemens AG Battery Energy Storage Systems Products Offered
10.9.5 Siemens AG Recent Development
10.10 Tesla
10.10.1 Tesla Company Information
10.10.2 Tesla Introduction and Business Overview
10.10.3 Tesla Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Tesla Battery Energy Storage Systems Products Offered
10.10.5 Tesla Recent Development
10.11 The Aes Corporation
10.11.1 The Aes Corporation Company Information
10.11.2 The Aes Corporation Introduction and Business Overview
10.11.3 The Aes Corporation Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.11.4 The Aes Corporation Battery Energy Storage Systems Products Offered
10.11.5 The Aes Corporation Recent Development
10.12 Alevo Group
10.12.1 Alevo Group Company Information
10.12.2 Alevo Group Introduction and Business Overview
10.12.3 Alevo Group Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Alevo Group Battery Energy Storage Systems Products Offered
10.12.5 Alevo Group Recent Development
10.13 Exergonix
10.13.1 Exergonix Company Information
10.13.2 Exergonix Introduction and Business Overview
10.13.3 Exergonix Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Exergonix Battery Energy Storage Systems Products Offered
10.13.5 Exergonix Recent Development
10.14 Corvus Energy
10.14.1 Corvus Energy Company Information
10.14.2 Corvus Energy Introduction and Business Overview
10.14.3 Corvus Energy Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Corvus Energy Battery Energy Storage Systems Products Offered
10.14.5 Corvus Energy Recent Development
10.15 East Penn Manufacturing
10.15.1 East Penn Manufacturing Company Information
10.15.2 East Penn Manufacturing Introduction and Business Overview
10.15.3 East Penn Manufacturing Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.15.4 East Penn Manufacturing Battery Energy Storage Systems Products Offered
10.15.5 East Penn Manufacturing Recent Development
10.16 Enerdel
10.16.1 Enerdel Company Information
10.16.2 Enerdel Introduction and Business Overview
10.16.3 Enerdel Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Enerdel Battery Energy Storage Systems Products Offered
10.16.5 Enerdel Recent Development
10.17 MHI
10.17.1 MHI Company Information
10.17.2 MHI Introduction and Business Overview
10.17.3 MHI Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.17.4 MHI Battery Energy Storage Systems Products Offered
10.17.5 MHI Recent Development
10.18 NGK Insulators
10.18.1 NGK Insulators Company Information
10.18.2 NGK Insulators Introduction and Business Overview
10.18.3 NGK Insulators Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.18.4 NGK Insulators Battery Energy Storage Systems Products Offered
10.18.5 NGK Insulators Recent Development
10.19 Toshiba
10.19.1 Toshiba Company Information
10.19.2 Toshiba Introduction and Business Overview
10.19.3 Toshiba Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Toshiba Battery Energy Storage Systems Products Offered
10.19.5 Toshiba Recent Development
10.20 Trinabess
10.20.1 Trinabess Company Information
10.20.2 Trinabess Introduction and Business Overview
10.20.3 Trinabess Battery Energy Storage Systems Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Trinabess Battery Energy Storage Systems Products Offered
10.20.5 Trinabess Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Battery Energy Storage Systems 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 Systems Industrial Chain Analysis
11.4 Battery Energy Storage Systems Market Dynamics
11.4.1 Battery Energy Storage Systems Industry Trends
11.4.2 Battery Energy Storage Systems Market Drivers
11.4.3 Battery Energy Storage Systems Market Challenges
11.4.4 Battery Energy Storage Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Battery Energy Storage Systems Distributors
12.3 Battery Energy Storage Systems 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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