The global Battery Energy Storage market was valued at 1054.31 Million USD in 2020 and will grow with a CAGR of 33.13% from 2020 to 2027, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
The lithium-ion batteries have a long lifespan of 5-10 years, and up to 98% efficiency (i.e., only 2% of electrical charge is lost during use). The lithium-ion batteries have very high energy and power densities, which leads to lower weight with low standby losses, and high life expectancy. Lithium-ion batteries continue to hold a large size of the battery energy storage system market owing to its features such as high energy density, self-discharge capability, low maintenance requirement, less weight, and high life expectancy. Battery energy storage system is well suited for smoothing the variable output of renewables and controlling the rapid ramping up and down of solar as well as wind generation. The grid operators and regulators are aware of the importance of battery energy storage systems and their ability to cater through multiple services. The utility operators are using these systems in their resource planning processes, which reduces the system costs and increases storage capacity.The major drivers for the growth of the market include the 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. However, the factors such as the installation of battery energy storage systems in remote locations pose a challenge for the players in the market. the Americas dominated the battery energy storage market for smart grid and accounted for around 60% of the total market share. Much of the region`s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems. The governmental support across different countries in the region and the growing investments in the development and deployment of integrated smart grid systems is expected to drive the demand for smart energy in the region in the coming years.
By Market Verdors:
Siemens
ABB
Samsung SDI
Bosch
BYD
By Types:
Li-Ion Batteries
Lead-Acid Batteries
Sodium Sulfur Batteries
By Applications:
Residential
Non-Residential
Utilities
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.4.1 North America Market States and Outlook (2022-2027)
1.4.2 East Asia Market States and Outlook (2022-2027)
1.4.3 Europe Market States and Outlook (2022-2027)
1.4.4 South Asia Market States and Outlook (2022-2027)
1.4.5 Southeast Asia Market States and Outlook (2022-2027)
1.4.6 Middle East Market States and Outlook (2022-2027)
1.4.7 Africa Market States and Outlook (2022-2027)
1.4.8 Oceania Market States and Outlook (2022-2027)
1.4.9 South America Market States and Outlook (2022-2027)
1.5 Global Battery Energy Storage Market Size Analysis from 2022 to 2027
1.5.1 Global Battery Energy Storage Market Size Analysis from 2022 to 2027 by Consumption Volume
1.5.2 Global Battery Energy Storage Market Size Analysis from 2022 to 2027 by Value
1.5.3 Global Battery Energy Storage Price Trends Analysis from 2022 to 2027
1.6 COVID-19 Outbreak: Battery Energy Storage Industry Impact
Chapter 2 Global Battery Energy Storage Competition by Types, Applications, and Top Regions and Countries
2.1 Global Battery Energy Storage (Volume and Value) by Type
2.1.1 Global Battery Energy Storage Consumption and Market Share by Type (2016-2021)
2.1.2 Global Battery Energy Storage Revenue and Market Share by Type (2016-2021)
2.2 Global Battery Energy Storage (Volume and Value) by Application
2.2.1 Global Battery Energy Storage Consumption and Market Share by Application (2016-2021)
2.2.2 Global Battery Energy Storage Revenue and Market Share by Application (2016-2021)
2.3 Global Battery Energy Storage (Volume and Value) by Regions
2.3.1 Global Battery Energy Storage Consumption and Market Share by Regions (2016-2021)
2.3.2 Global Battery Energy Storage Revenue and Market Share by Regions (2016-2021)
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.1.1 2016-2021 Global Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis
3.1.2 2016-2021 Major Manufacturers Performance and Market Share
3.2 Regional Production Market Analysis
3.2.1 2016-2021 Regional Market Performance and Market Share
3.2.2 North America Market
3.2.3 East Asia Market
3.2.4 Europe Market
3.2.5 South Asia Market
3.2.6 Southeast Asia Market
3.2.7 Middle East Market
3.2.8 Africa Market
3.2.9 Oceania Market
3.2.10 South America Market
3.2.11 Rest of the World Market
Chapter 4 Global Battery Energy Storage Sales, Consumption, Export, Import by Regions (2016-2021)
4.1 Global Battery Energy Storage Consumption by Regions (2016-2021)
4.2 North America Battery Energy Storage Sales, Consumption, Export, Import (2016-2021)
4.3 East Asia Battery Energy Storage Sales, Consumption, Export, Import (2016-2021)
4.4 Europe Battery Energy Storage Sales, Consumption, Export, Import (2016-2021)
4.5 South Asia Battery Energy Storage Sales, Consumption, Export, Import (2016-2021)
4.6 Southeast Asia Battery Energy Storage Sales, Consumption, Export, Import (2016-2021)
4.7 Middle East Battery Energy Storage Sales, Consumption, Export, Import (2016-2021)
4.8 Africa Battery Energy Storage Sales, Consumption, Export, Import (2016-2021)
4.9 Oceania Battery Energy Storage Sales, Consumption, Export, Import (2016-2021)
4.10 South America Battery Energy Storage Sales, Consumption, Export, Import (2016-2021)
Chapter 5 North America Battery Energy Storage Market Analysis
5.1 North America Battery Energy Storage Consumption and Value Analysis
5.1.1 North America Battery Energy Storage Market Under COVID-19
5.2 North America Battery Energy Storage Consumption Volume by Types
5.3 North America Battery Energy Storage Consumption Structure by Application
5.4 North America Battery Energy Storage Consumption by Top Countries
5.4.1 United States Battery Energy Storage Consumption Volume from 2016 to 2021
5.4.2 Canada Battery Energy Storage Consumption Volume from 2016 to 2021
5.4.3 Mexico Battery Energy Storage Consumption Volume from 2016 to 2021
Chapter 6 East Asia Battery Energy Storage Market Analysis
6.1 East Asia Battery Energy Storage Consumption and Value Analysis
6.1.1 East Asia Battery Energy Storage Market Under COVID-19
6.2 East Asia Battery Energy Storage Consumption Volume by Types
6.3 East Asia Battery Energy Storage Consumption Structure by Application
6.4 East Asia Battery Energy Storage Consumption by Top Countries
6.4.1 China Battery Energy Storage Consumption Volume from 2016 to 2021
6.4.2 Japan Battery Energy Storage Consumption Volume from 2016 to 2021
6.4.3 South Korea Battery Energy Storage Consumption Volume from 2016 to 2021
Chapter 7 Europe Battery Energy Storage Market Analysis
7.1 Europe Battery Energy Storage Consumption and Value Analysis
7.1.1 Europe Battery Energy Storage Market Under COVID-19
7.2 Europe Battery Energy Storage Consumption Volume by Types
7.3 Europe Battery Energy Storage Consumption Structure by Application
7.4 Europe Battery Energy Storage Consumption by Top Countries
7.4.1 Germany Battery Energy Storage Consumption Volume from 2016 to 2021
7.4.2 UK Battery Energy Storage Consumption Volume from 2016 to 2021
7.4.3 France Battery Energy Storage Consumption Volume from 2016 to 2021
7.4.4 Italy Battery Energy Storage Consumption Volume from 2016 to 2021
7.4.5 Russia Battery Energy Storage Consumption Volume from 2016 to 2021
7.4.6 Spain Battery Energy Storage Consumption Volume from 2016 to 2021
7.4.7 Netherlands Battery Energy Storage Consumption Volume from 2016 to 2021
7.4.8 Switzerland Battery Energy Storage Consumption Volume from 2016 to 2021
7.4.9 Poland Battery Energy Storage Consumption Volume from 2016 to 2021
Chapter 8 South Asia Battery Energy Storage Market Analysis
8.1 South Asia Battery Energy Storage Consumption and Value Analysis
8.1.1 South Asia Battery Energy Storage Market Under COVID-19
8.2 South Asia Battery Energy Storage Consumption Volume by Types
8.3 South Asia Battery Energy Storage Consumption Structure by Application
8.4 South Asia Battery Energy Storage Consumption by Top Countries
8.4.1 India Battery Energy Storage Consumption Volume from 2016 to 2021
8.4.2 Pakistan Battery Energy Storage Consumption Volume from 2016 to 2021
8.4.3 Bangladesh Battery Energy Storage Consumption Volume from 2016 to 2021
Chapter 9 Southeast Asia Battery Energy Storage Market Analysis
9.1 Southeast Asia Battery Energy Storage Consumption and Value Analysis
9.1.1 Southeast Asia Battery Energy Storage Market Under COVID-19
9.2 Southeast Asia Battery Energy Storage Consumption Volume by Types
9.3 Southeast Asia Battery Energy Storage Consumption Structure by Application
9.4 Southeast Asia Battery Energy Storage Consumption by Top Countries
9.4.1 Indonesia Battery Energy Storage Consumption Volume from 2016 to 2021
9.4.2 Thailand Battery Energy Storage Consumption Volume from 2016 to 2021
9.4.3 Singapore Battery Energy Storage Consumption Volume from 2016 to 2021
9.4.4 Malaysia Battery Energy Storage Consumption Volume from 2016 to 2021
9.4.5 Philippines Battery Energy Storage Consumption Volume from 2016 to 2021
9.4.6 Vietnam Battery Energy Storage Consumption Volume from 2016 to 2021
9.4.7 Myanmar Battery Energy Storage Consumption Volume from 2016 to 2021
Chapter 10 Middle East Battery Energy Storage Market Analysis
10.1 Middle East Battery Energy Storage Consumption and Value Analysis
10.1.1 Middle East Battery Energy Storage Market Under COVID-19
10.2 Middle East Battery Energy Storage Consumption Volume by Types
10.3 Middle East Battery Energy Storage Consumption Structure by Application
10.4 Middle East Battery Energy Storage Consumption by Top Countries
10.4.1 Turkey Battery Energy Storage Consumption Volume from 2016 to 2021
10.4.2 Saudi Arabia Battery Energy Storage Consumption Volume from 2016 to 2021
10.4.3 Iran Battery Energy Storage Consumption Volume from 2016 to 2021
10.4.4 United Arab Emirates Battery Energy Storage Consumption Volume from 2016 to 2021
10.4.5 Israel Battery Energy Storage Consumption Volume from 2016 to 2021
10.4.6 Iraq Battery Energy Storage Consumption Volume from 2016 to 2021
10.4.7 Qatar Battery Energy Storage Consumption Volume from 2016 to 2021
10.4.8 Kuwait Battery Energy Storage Consumption Volume from 2016 to 2021
10.4.9 Oman Battery Energy Storage Consumption Volume from 2016 to 2021
Chapter 11 Africa Battery Energy Storage Market Analysis
11.1 Africa Battery Energy Storage Consumption and Value Analysis
11.1.1 Africa Battery Energy Storage Market Under COVID-19
11.2 Africa Battery Energy Storage Consumption Volume by Types
11.3 Africa Battery Energy Storage Consumption Structure by Application
11.4 Africa Battery Energy Storage Consumption by Top Countries
11.4.1 Nigeria Battery Energy Storage Consumption Volume from 2016 to 2021
11.4.2 South Africa Battery Energy Storage Consumption Volume from 2016 to 2021
11.4.3 Egypt Battery Energy Storage Consumption Volume from 2016 to 2021
11.4.4 Algeria Battery Energy Storage Consumption Volume from 2016 to 2021
11.4.5 Morocco Battery Energy Storage Consumption Volume from 2016 to 2021
Chapter 12 Oceania Battery Energy Storage Market Analysis
12.1 Oceania Battery Energy Storage Consumption and Value Analysis
12.2 Oceania Battery Energy Storage Consumption Volume by Types
12.3 Oceania Battery Energy Storage Consumption Structure by Application
12.4 Oceania Battery Energy Storage Consumption by Top Countries
12.4.1 Australia Battery Energy Storage Consumption Volume from 2016 to 2021
12.4.2 New Zealand Battery Energy Storage Consumption Volume from 2016 to 2021
Chapter 13 South America Battery Energy Storage Market Analysis
13.1 South America Battery Energy Storage Consumption and Value Analysis
13.1.1 South America Battery Energy Storage Market Under COVID-19
13.2 South America Battery Energy Storage Consumption Volume by Types
13.3 South America Battery Energy Storage Consumption Structure by Application
13.4 South America Battery Energy Storage Consumption Volume by Major Countries
13.4.1 Brazil Battery Energy Storage Consumption Volume from 2016 to 2021
13.4.2 Argentina Battery Energy Storage Consumption Volume from 2016 to 2021
13.4.3 Columbia Battery Energy Storage Consumption Volume from 2016 to 2021
13.4.4 Chile Battery Energy Storage Consumption Volume from 2016 to 2021
13.4.5 Venezuela Battery Energy Storage Consumption Volume from 2016 to 2021
13.4.6 Peru Battery Energy Storage Consumption Volume from 2016 to 2021
13.4.7 Puerto Rico Battery Energy Storage Consumption Volume from 2016 to 2021
13.4.8 Ecuador Battery Energy Storage Consumption Volume from 2016 to 2021
Chapter 14 Company Profiles and Key Figures in Battery Energy Storage Business
14.1 Siemens
14.1.1 Siemens Company Profile
14.1.2 Siemens Battery Energy Storage Product Specification
14.1.3 Siemens Battery Energy Storage Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.2 ABB
14.2.1 ABB Company Profile
14.2.2 ABB Battery Energy Storage Product Specification
14.2.3 ABB Battery Energy Storage Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.3 Samsung SDI
14.3.1 Samsung SDI Company Profile
14.3.2 Samsung SDI Battery Energy Storage Product Specification
14.3.3 Samsung SDI Battery Energy Storage Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.4 Bosch
14.4.1 Bosch Company Profile
14.4.2 Bosch Battery Energy Storage Product Specification
14.4.3 Bosch Battery Energy Storage Production Capacity, Revenue, Price and Gross Margin (2016-2021)
14.5 BYD
14.5.1 BYD Company Profile
14.5.2 BYD Battery Energy Storage Product Specification
14.5.3 BYD Battery Energy Storage Production Capacity, Revenue, Price and Gross Margin (2016-2021)
Chapter 15 Global Battery Energy Storage Market Forecast (2022-2027)
15.1 Global Battery Energy Storage Consumption Volume, Revenue and Price Forecast (2022-2027)
15.1.1 Global Battery Energy Storage Consumption Volume and Growth Rate Forecast (2022-2027)
15.1.2 Global Battery Energy Storage Value and Growth Rate Forecast (2022-2027)
15.2 Global Battery Energy Storage Consumption Volume, Value and Growth Rate Forecast by Region (2022-2027)
15.2.1 Global Battery Energy Storage Consumption Volume and Growth Rate Forecast by Regions (2022-2027)
15.2.2 Global Battery Energy Storage Value and Growth Rate Forecast by Regions (2022-2027)
15.2.3 North America Battery Energy Storage Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.4 East Asia Battery Energy Storage Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.5 Europe Battery Energy Storage Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.6 South Asia Battery Energy Storage Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.7 Southeast Asia Battery Energy Storage Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.8 Middle East Battery Energy Storage Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.9 Africa Battery Energy Storage Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.10 Oceania Battery Energy Storage Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.2.11 South America Battery Energy Storage Consumption Volume, Revenue and Growth Rate Forecast (2022-2027)
15.3 Global Battery Energy Storage Consumption Volume, Revenue and Price Forecast by Type (2022-2027)
15.3.1 Global Battery Energy Storage Consumption Forecast by Type (2022-2027)
15.3.2 Global Battery Energy Storage Revenue Forecast by Type (2022-2027)
15.3.3 Global Battery Energy Storage Price Forecast by Type (2022-2027)
15.4 Global Battery Energy Storage Consumption Volume Forecast by Application (2022-2027)
15.5 Battery Energy Storage Market Forecast Under COVID-19
Chapter 16 Conclusions
Research Methodology
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