查看購物車
  • Simplified Chinese
  • English
  • Japanese
  • Korean
電池能源儲存系統的全球市場：按元件、按電池類型、按連接類型、按所有權、按能源容量、按應用、按地區 - 預測到 2029 年
市場調查報告書
商品編碼
1520992

電池能源儲存系統的全球市場：按元件、按電池類型、按連接類型、按所有權、按能源容量、按應用、按地區 - 預測到 2029 年

Battery Energy Storage System Market by Battery Type (Lithium-ion, Advanced Lead Acid, Flow, Nickel-based), Energy Capacity (Below 100 MWh, Between 100 MWh & 500 MWh, Above 500 MWh), Connection Type, Ownership and Region - Global Forecast to 2029
出版日期: | 出版商: MarketsandMarkets | 英文 277 Pages | 訂單完成後即時交付

價格

全球電池能源儲存系統市場規模預計將從 2024 年的 78 億美元成長到 2029 年的 256 億美元，預測期內複合年成長率為 26.9%。

電池能源儲存系統可改善電壓和頻率調節，並在最小中斷的情況下提高電能品質。這些系統在停電期間也提供電力備份，節省電網營運成本，提高電網容量和效率。

調查範圍
調查年份 2020-2029
基準年 2023年
預測期 2024-2029
考慮單位 金額（十億美元）
按細分市場 按元件、按電池類型、按連接類型、按所有權、按能源容量、按應用、按地區
目標區域 北美、歐洲、亞太等地區

公用事業公司擁有的電池能源儲存系統的營運商擴大利用再生能源來源來提供大量電力。公用事業公司擁有的電池能源儲存系統的客戶必須根據其用電量每月支付費用。公用事業公司擁有的能源儲存公司投資能源儲存以滿足不斷成長的電力需求並克服電力輸配電的高成本。電池儲能系統可以幫助提高電網可靠性，改善電網性能，同時管理電網堵塞，避免購買額外的儲能設備，並延長資產的使用壽命。

容量超過500MWh的電池能源儲存系統表現出較高的使用壽命。高容量的電池儲存系統可以支援未來全球能源網際網路的抑低尖峰負載。這些系統有助於滿足能源需求，並可用於尖峰負載以​​支援大規模電網。高能源儲存系統可用於平滑大規模清潔能源發電的波動。大規模電池儲能系統協調可再生能源發電，快速響應風能、太陽能發電輸出，平滑可再生能源發電波動，確保電網即時運作安全。

公共或公共產業涉及電網，這是一個系統，其中發電廠產生的電力立即由連接的負載使用。發電和用電必須始終匹配；不匹配可能會導致電壓和頻率偏差，導致停電和設備損壞。為了克服這個問題，在電網中安裝了控制電壓和頻率偏差的電池儲存系統。電池儲能系統是經濟高效的解決方案，可協助變電站和輸配電 (T&D) 線路滿足日益成長的高峰需求。

本報告研究了全球電池能源儲存系統市場，包括按組件、電池類型、連接類型、所有權、能源容量、應用、區域趨勢以及我總結的參與市場的公司概況進行分析。

目錄

第1章簡介

第2章調查方法

第3章執行摘要

第 4 章重要考察

第5章市場概況

  • 介紹
  • 市場動態
  • 影響客戶業務的趨勢/干擾
  • 價值鏈分析
  • 生態系分析
  • 投資金籌措場景
  • 技術分析
  • 專利分析
  • 貿易分析
  • 2024-2025年重大會議和活動
  • 案例研究分析
  • 監管狀況
  • 波特五力分析
  • 主要相關人員和採購標準
  • 價格分析

第6章 電池能源儲存系統主要輸入能源來源及近期趨勢

第7章電池能源儲存系統市場（依要素）

  • 介紹
  • 電池
  • 硬體

第8章電池能源儲存系統市場（以電池類型）

  • 介紹
  • 鋰離子電池
  • 先進鉛酸電池
  • 液流電池
  • 其他

第9章電池能源儲存系統市場（依連接類型）

  • 介紹
  • 併網連接
  • 離並聯型

第10章電池能源儲存系統市場（按所有權分類）

  • 介紹
  • 客戶擁有
  • 第三方擁有
  • 公共事業擁有

第11章電池能源儲存系統市場（依能源容量）

  • 介紹
  • 小於100兆瓦時
  • 100 至 500MWH 之間
  • 500MWH以上

第12章電池能源儲存系統市場（按應用）

  • 介紹
  • 住宅
  • 商業的
  • 公共事業

第13章電池能源儲存系統市場（分地區）

  • 介紹
  • 北美洲
  • 歐洲
  • 亞太地區
  • 其他地區

第14章競爭格局

  • 介紹
  • 主要參與企業的策略/秘密，2020-2023
  • 2019-2023年收益分析
  • 2023 年市場佔有率分析
  • 企業價值評估及財務指標
  • 品牌/產品比較
  • 企業評估矩陣：主要參與企業，2023
  • 企業評估矩陣：Start-Ups/小型企業，2023 年
  • 競爭場景

第15章 公司簡介

  • 主要參與企業
    • BYD COMPANY LTD.
    • LG ENERGY SOLUTION
    • PANASONIC CORPORATION
    • SAMSUNG SDI CO., LTD.
    • TESLA
    • ABB
    • DELTA ELECTRONICS, INC.
    • GE VERNOVA
    • HITACHI ENERGY LTD.
    • HONEYWELL INTERNATIONAL, INC.
    • JOHNSON CONTROLS
    • NGK INSULATORS, LTD.
    • SIEMENS
    • TOSHIBA CORPORATION
    • AB VOLVO
  • 其他公司
    • AEG
    • EAST PENN MANUFACTURING COMPANY
    • ESS TECH, INC.
    • KORE POWER INC.
    • PRIMUS POWER SOLUTIONS
    • SAFT
    • SOLAREDGE
    • THE AES CORPORATION
    • TRINASOLAR
    • VRB ENERGY

第16章 鄰近市場及相關市場

第17章附錄

Product Code: SE 4200

The global battery energy storage system market is estimated to grow from USD 7.8 billion in 2024 and is projected to reach USD 25.6 billion by 2029, at a CAGR of 26.9% during the forecast period. Battery energy storage systems improve the quality of power by ensuring improved voltage and frequency regulation with minimum interruption. Besides, these systems provide power backup during disruption, save the operational cost of powering the grid, and increase the capabilities and efficiency of the grid.

Scope of the Report
Years Considered for the Study2020-2029
Base Year2023
Forecast Period2024-2029
Units ConsideredValue (USD Billion)
SegmentsBy Battery Type, Energy Capacity, Connection Type, Ownership and Region
Regions coveredNorth America, Europe, APAC, RoW

"Utility-owned BESS is expected to grow with a significant CAGR during the forecast period."

The operators of the utility owned battery energy storage systems use renewable energy sources to a greater extent to deliver a large number of units of electricity. The customers of utility-owned battery energy storage systems need to pay monthly fees based on power usage. The utility-owned energy storage companies invest in energy storage to overcome the high cost of electrical T&D by fulfilling the growing electricity demand. The battery energy storage systems help improve grid reliability, manage T&D congestion while improving T&D performance, and help avoid the purchase of additional equipment for energy storage as well as increase the lifespan of assets.

"Above 500 MWh energy capacity segment likely to gain a significant market share between 2024 and 2029."

Battery energy storage systems with a capacity above 500 MWh exhibit high service life. The battery energy storage systems with high energy capacity can support peak shaving and valley filling in the future global energy interconnection. These systems help serve the energy demands, which can be used for peak load regulation in support of a large grid. High-energy storage systems can be used to smoothen fluctuations of large-scale clean energy generation. Large-scale battery storage systems align renewable energy production and rapidly respond to the output of wind and photovoltaic power, smoothen renewable energy generation fluctuations, and ensure real-time grid operations' safety.

"Utility application segment to gain the largest market share during the forecast period."

Public utility applications or utilities involve the electric grid, a system where the electricity generated at power plants is immediately used by the loads that are connected to it. The generation and consumption of electricity always need to match, as a mismatch can lead to voltage and frequency deviations and cause power outages or damage to equipment. In order to overcome this problem, a battery energy storage system is installed on electric grids to control the voltage and frequency deviations. The battery energy storage system is a cost-effective solution that helps substations and transmission and distribution (T&D) lines to meet the growing peak demand.

"North America is anticipated to gain a substantial market share by 2029."

The US, Canada, and Mexico are the major countries contributing to the growth of the North American battery energy storage system market. The growth of the battery energy storage system market in North America can be attributed to the increasing demand for renewable energy storage in the residential, non-residential, and utility sectors. Furthermore, the US has ample lithium deposits that can be derived in the future to produce lithium-ion batteries. These factors are expected to drive the demand for lithium-ion batteries in the manufacturing of energy storage systems in the region.

Breakdown of primaries

A variety of executives from key organizations operating in the battery energy storage system market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.

  • By Company Type: Tier 1 = 45%, Tier 2 = 30%, and Tier 3 = 25%
  • By Designation: C-level Executives = 35%, Directors = 45%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 20%
  • By Region: North America = 30%, Europe = 25%, Asia Pacific =35%, and RoW = 10%

Key players profiled in this report

BYD Company Ltd (China), Samsung SDI Co., Ltd. (South Korea), LG Energy Solution (South Korea), and Panasonic Corporation (Japan) are the key players in the battery energy storage system market. These leading companies possess a robust portfolio of products and establish a strong presence in established and emerging markets. The study provides a comprehensive competitive analysis of these key players in the battery energy storage system market, presenting their company profiles, recent developments, and key market strategies.

Research Coverage

This report offers detailed insights into the battery energy storage system market based on battery type (Lithium-ion, Advanced Lead-acid, Flow batteries, Other batteries), Connection Type (On-grid and Off-grid) Ownership (Customer-owned, Third-Party Owned, Utility Owned), Energy Capacity (Below 100 MWh, Between 100 to 500 MWh, Above 500 MWh), Application (Residential, Commercial, Utility) and region (North America, Europe, Asia Pacific, and RoW which includes the Middle East, Africa and South America.)

The report also comprehensively reviews the battery energy storage sysrem market drivers, restraints, opportunities, and challenges. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Reasons to buy the report:

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the battery energy storage system market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers ( Accelerated deployment of grid energy storage systems in ongoing grid modernization projects, Adoption of lithium-ion batteries in the renewable energy sector, Renewable Energy Revolution and the Shift to a Low-Carbon Economy), restraints (High cost of installing battery energy storage systems), opportunities (Rapid adoption of battery energy storage systems in rural electrification projects worldwide, Increased demand for continuous power supply from data centers) and challenges (Difficulties pertaining to installation of battery energy storage systems in remote and isolated locations).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the battery energy storage system market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the battery energy storage system market across varied regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the battery energy storage system market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like BYD Company Ltd (China), Samsung SDI Co., Ltd. (South Korea), LG Energy Solution (South Korea), and Panasonic Corporation (Japan) among others.

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • 1.3.2 YEARS CONSIDERED
    • 1.3.3 INCLUSIONS AND EXCLUSIONS
    • 1.3.4 CURRENCY CONSIDERED
    • 1.3.5 UNITS CONSIDERED
  • 1.4 LIMITATIONS
  • 1.5 STAKEHOLDERS
  • 1.6 SUMMARY OF CHANGES
  • 1.7 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH APPROACH
    • 2.1.1 SECONDARY AND PRIMARY RESEARCH
    • 2.1.2 SECONDARY DATA
      • 2.1.2.1 List of major secondary sources
      • 2.1.2.2 Key data from secondary sources
    • 2.1.3 PRIMARY DATA
      • 2.1.3.1 List of participants in interviews with experts
      • 2.1.3.2 Key data from primary sources
      • 2.1.3.3 Key industry insights
      • 2.1.3.4 Breakdown of interviews with experts
  • 2.2 MARKET SIZE ESTIMATION METHODOLOGY
    • 2.2.1 BOTTOM-UP APPROACH
      • 2.2.1.1 Approach to derive market size using bottom-up analysis (demand side)
    • 2.2.2 TOP-DOWN APPROACH
      • 2.2.2.1 Approach to derive market size using top-down analysis (supply side)
  • 2.3 DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
  • 2.5 RESEARCH LIMITATIONS
  • 2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON BATTERY ENERGY STORAGE SYSTEM MARKET
  • 2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY ENERGY STORAGE SYSTEM MARKET
  • 4.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
  • 4.3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY
  • 4.4 NORTH AMERICA BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION AND COUNTRY
  • 4.5 BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Increasing installations of battery energy storage systems in grids to support grid modernization projects
      • 5.2.1.2 Increasing global investments in innovation of grid infrastructure
      • 5.2.1.3 Lithium-ion battery scalability in renewable energy sector
      • 5.2.1.4 Renewable energy revolution and shift to a low-carbon economy
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High installation and maintenance costs associated with battery energy storage systems
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Increasing opportunities in rural electrification projects worldwide
      • 5.2.3.2 Rising demand for power supply from data centers
      • 5.2.3.3 Decline in prices of lithium-ion batteries
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Installation of battery energy storage systems in remote locations
      • 5.2.4.2 Overheating and aging challenges
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 VALUE CHAIN ANALYSIS
  • 5.5 ECOSYSTEM ANALYSIS
  • 5.6 INVESTMENT AND FUNDING SCENARIO
  • 5.7 TECHNOLOGY ANALYSIS
    • 5.7.1 KEY TECHNOLOGIES
      • 5.7.1.1 Sodium-sulfur battery
      • 5.7.1.2 Cobalt-free battery
      • 5.7.1.3 Zinc-bromine battery
    • 5.7.2 COMPLEMENTARY TECHNOLOGIES
      • 5.7.2.1 Metal-air battery
      • 5.7.2.2 Liquid metal battery
      • 5.7.2.3 Lithium-sulfur battery
  • 5.8 PATENT ANALYSIS
  • 5.9 TRADE ANALYSIS
    • 5.9.1 IMPORT SCENARIO
    • 5.9.2 EXPORT SCENARIO
  • 5.10 KEY CONFERENCES AND EVENTS, 2024-2025
  • 5.11 CASE STUDY ANALYSIS
    • 5.11.1 TESLA DELIVERED MEGAPACKS TO GAMBIT ENERGY STORAGE PLANT
    • 5.11.2 GENERAL ELECTRIC TO DELIVER BATTERY ENERGY STORAGE SYSTEMS TO CONVERGENT
    • 5.11.3 ADOPTION OF BATTERY ENERGY STORAGE SYSTEMS BY UTILITY PROVIDER COMPANY
    • 5.11.4 ABB TO INSTALL BATTERY ENERGY STORAGE SYSTEMS IN PHILIPPINES
    • 5.11.5 EXIDE INDUSTRIES, LECLANCHE, AND TPDDL JOIN HANDS TO LAUNCH GRID-CONNECTED LI-ION BATTERY-POWERED COMMUNITY ENERGY STORAGE SYSTEM
  • 5.12 REGULATORY LANDSCAPE
    • 5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.12.2 STANDARDS AND REGULATIONS RELATED TO BATTERY ENERGY STORAGE SYSTEM MARKET
  • 5.13 PORTER'S FIVE FORCES ANALYSIS
    • 5.13.1 THREAT OF NEW ENTRANTS
    • 5.13.2 THREAT OF SUBSTITUTES
    • 5.13.3 BARGAINING POWER OF SUPPLIERS
    • 5.13.4 BARGAINING POWER OF BUYERS
    • 5.13.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • 5.14.2 BUYING CRITERIA
  • 5.15 PRICING ANALYSIS
    • 5.15.1 AVERAGE SELLING PRICE TREND
    • 5.15.2 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACK, BY KEY PLAYER
    • 5.15.3 AVERAGE SELLING PRICE TREND, BY REGION

6 MAJOR INPUT ENERGY SOURCES AND RECENT TRENDS RELATED TO BATTERY ENERGY STORAGE SYSTEMS

  • 6.1 INTRODUCTION
  • 6.2 INPUT ENERGY SOURCES
    • 6.2.1 SOLAR PANELS
    • 6.2.2 WIND TURBINES
    • 6.2.3 GRID POWER
    • 6.2.4 DIESEL GENERATORS
    • 6.2.5 OTHERS
  • 6.3 RECENT TRENDS RELATED TO MARKET
    • 6.3.1 RENEWABLE ENERGY SOURCES
    • 6.3.2 ADVANCEMENTS IN BATTERY TECHNOLOGIES
    • 6.3.3 AI AND ML
    • 6.3.4 MICROGRIDS
    • 6.3.5 HYBRID ENERGY STORAGE SYSTEMS
  • 6.4 ANALYSIS OF VARIOUS BATTERY TECHNOLOGIES AND BATTERY ENERGY STORAGE SYSTEMS
    • 6.4.1 COMPREHENSIVE ANALYSIS OF VARIOUS TYPES OF BATTERY TECHNOLOGIES
    • 6.4.2 COMPREHENSIVE ANALYSIS OF VARIOUS TYPES OF ENERGY STORAGE SYSTEMS
  • 6.5 TYPES OF SYSTEMS FOR BATTERY ENERGY STORAGE
    • 6.5.1 FRONT-OF-THE-METER (FTM) SYSTEM
    • 6.5.2 BEHIND-THE-METER (BTM) SYSTEM

7 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT

  • 7.1 INTRODUCTION
  • 7.2 BATTERY
    • 7.2.1 USE IN BUILDING SUSTAINABLE AND RESILIENT ENERGY INFRASTRUCTURE TO DRIVE SEGMENT
  • 7.3 OTHER ELEMENTS
    • 7.3.1 HARDWARE
      • 7.3.1.1 Facilitation of required communication and functioning to boost demand

8 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE

  • 8.1 INTRODUCTION
  • 8.2 LITHIUM-ION BATTERIES
    • 8.2.1 HIGH ENERGY DENSITY AND EFFICIENCY TO DRIVE DEMAND
  • 8.3 ADVANCED LEAD-ACID BATTERIES
    • 8.3.1 EXTENSIVE ADOPTION IN GRID ENERGY STORAGE TO PROPEL DEMAND
  • 8.4 FLOW BATTERIES
    • 8.4.1 VARIOUS ADVANTAGES OVER CONVENTIONAL BATTERIES TO BOOST DEMAND
  • 8.5 OTHER BATTERY TYPES
    • 8.5.1 SODIUM-SULFUR BATTERY
    • 8.5.2 NICKEL-CADMIUM BATTERY
    • 8.5.3 NICKEL-METAL HYDRIDE BATTERY
    • 8.5.4 NICKEL-IRON BATTERY
    • 8.5.5 FLYWHEEL BATTERY

9 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE

  • 9.1 INTRODUCTION
  • 9.2 ON-GRID CONNECTIONS
    • 9.2.1 INCREASE IN DEMAND FOR ELECTRICITY TO DRIVE MARKET GROWTH
  • 9.3 OFF-GRID CONNECTIONS
    • 9.3.1 EMERGING ADOPTION IN PROVIDING ENERGY SUPPLY TO REMOTE AREAS TO PROPEL SEGMENT

10 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP

  • 10.1 INTRODUCTION
  • 10.2 CUSTOMER-OWNED
    • 10.2.1 REDUCED ELECTRICITY COSTS IN RESIDENTIAL APPLICATIONS TO DRIVE ADOPTION
  • 10.3 THIRD-PARTY-OWNED
    • 10.3.1 REDUCTION IN ELECTRICITY BILLS WITH USE OF SOLAR ENERGY SYSTEMS TO PROPEL DEMAND
  • 10.4 UTILITY-OWNED
    • 10.4.1 RISE IN DEMAND FOR RENEWABLE ENERGY SOURCES TO DRIVE MARKET

11 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY

  • 11.1 INTRODUCTION
  • 11.2 BELOW 100 MWH
    • 11.2.1 HIGH DEMAND FROM RESIDENTIAL APPLICATIONS TO DRIVE MARKET
  • 11.3 BETWEEN 100 AND 500 MWH
    • 11.3.1 INCREASED ADOPTION TO MANAGE UNCERTAINTIES IN POWER SYSTEMS TO PROPEL DEMAND
  • 11.4 ABOVE 500 MWH
    • 11.4.1 EXTENSIVE USE IN SMOOTHENING ENERGY FLUCTUATIONS WHILE SERVING ENERGY DEMANDS TO BOOST ADOPTION

12 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION

  • 12.1 INTRODUCTION
  • 12.2 RESIDENTIAL
    • 12.2.1 GOVERNMENT INITIATIVES ENCOURAGING VARIOUS RESIDENTIAL ENERGY STORAGE PROJECTS TO BOOST DEMAND
  • 12.3 COMMERCIAL
    • 12.3.1 INCREASED DEMAND FOR UPS SYSTEMS TO PROPEL MARKET
  • 12.4 UTILITIES
    • 12.4.1 INCREASED DEMAND FOR RENEWABLE ENERGY SOURCES IN ELECTRIC GRIDS TO DRIVE MARKET

13 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION

  • 13.1 INTRODUCTION
    • 13.1.1 IMPACT OF RECESSION ON GLOBAL MARKET
  • 13.2 NORTH AMERICA
    • 13.2.1 IMPACT OF RECESSION ON MARKET IN NORTH AMERICA
    • 13.2.2 US
      • 13.2.2.1 Hotspot of value chain of innovative battery and energy storage technologies to drive market
    • 13.2.3 CANADA
      • 13.2.3.1 Government investments and tax credits for development of battery technology to drive market
    • 13.2.4 MEXICO
      • 13.2.4.1 Commitments to clean generation and emission reductions to propel market growth
  • 13.3 EUROPE
    • 13.3.1 IMPACT OF RECESSION ON MARKET IN EUROPE
    • 13.3.2 GERMANY
      • 13.3.2.1 Growing emphasis on energy storage in residential applications to drive market
    • 13.3.3 UK
      • 13.3.3.1 Increase in government initiatives for energy storage to drive market
    • 13.3.4 FRANCE
      • 13.3.4.1 Growing use of renewable energy resources across sectors to fuel market growth
    • 13.3.5 REST OF EUROPE
  • 13.4 ASIA PACIFIC
    • 13.4.1 IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC
    • 13.4.2 CHINA
      • 13.4.2.1 Rising demand for energy and continuing battery energy storage projects to drive market
    • 13.4.3 JAPAN
      • 13.4.3.1 Growing investments in solar and wind energy projects to drive market
    • 13.4.4 INDIA
      • 13.4.4.1 Substantial government investments in development of renewables to propel market
    • 13.4.5 AUSTRALIA
      • 13.4.5.1 Government subsidies aimed at facilitating deployment of large-scale battery storage projects to bolster market
    • 13.4.6 SOUTH KOREA
      • 13.4.6.1 Rise in adoption of battery energy storage systems in electric grids to fuel market
    • 13.4.7 REST OF ASIA PACIFIC
  • 13.5 REST OF THE WORLD (ROW)
    • 13.5.1 IMPACT OF RECESSION ON MARKET IN ROW
    • 13.5.2 MIDDLE EAST
      • 13.5.2.1 Increasing investments in renewable energy projects to drive market
      • 13.5.2.2 GCC countries
      • 13.5.2.3 Rest of Middle East
    • 13.5.3 AFRICA
      • 13.5.3.1 Growing deployment of battery energy storage system projects to drive market
    • 13.5.4 SOUTH AMERICA
      • 13.5.4.1 Government investments to deploy renewable energy to support market

14 COMPETITIVE LANDSCAPE

  • 14.1 INTRODUCTION
  • 14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2023
  • 14.3 REVENUE ANALYSIS, 2019-2023
  • 14.4 MARKET SHARE ANALYSIS, 2023
  • 14.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 14.6 BRAND/PRODUCT COMPARISON
  • 14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    • 14.7.1 STARS
    • 14.7.2 EMERGING LEADERS
    • 14.7.3 PERVASIVE PLAYERS
    • 14.7.4 PARTICIPANTS
    • 14.7.5 KEY PLAYERS: OVERALL COMPANY FOOTPRINT, 2023
      • 14.7.5.1 Company footprint
      • 14.7.5.2 Application footprint
      • 14.7.5.3 Connection type footprint
      • 14.7.5.4 Battery type footprint
      • 14.7.5.5 Ownership footprint
      • 14.7.5.6 Region footprint
  • 14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    • 14.8.1 PROGRESSIVE COMPANIES
    • 14.8.2 RESPONSIVE COMPANIES
    • 14.8.3 DYNAMIC COMPANIES
    • 14.8.4 STARTING BLOCKS
    • 14.8.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
      • 14.8.5.1 Detailed list of key startups/SMEs
      • 14.8.5.2 Competitive benchmarking of key startups/SMEs
  • 14.9 COMPETITIVE SCENARIO
    • 14.9.1 PRODUCT LAUNCHES
    • 14.9.2 DEALS
    • 14.9.3 OTHER DEVELOPMENTS

15 COMPANY PROFILES

  • 15.1 KEY PLAYERS
    • 15.1.1 BYD COMPANY LTD.
      • 15.1.1.1 Business overview
      • 15.1.1.2 Products/Solutions/Services offered
      • 15.1.1.3 Recent developments
        • 15.1.1.3.1 Deals
      • 15.1.1.4 MnM view
        • 15.1.1.4.1 Right to win
        • 15.1.1.4.2 Strategic choices
        • 15.1.1.4.3 Weaknesses and competitive threats
    • 15.1.2 LG ENERGY SOLUTION
      • 15.1.2.1 Business overview
      • 15.1.2.2 Products/Solutions/Services offered
      • 15.1.2.3 Recent developments
        • 15.1.2.3.1 Product launches
        • 15.1.2.3.2 Deals
        • 15.1.2.3.3 Others
      • 15.1.2.4 MnM view
        • 15.1.2.4.1 Right to win
        • 15.1.2.4.2 Strategic choices
        • 15.1.2.4.3 Weaknesses and competitive threats
    • 15.1.3 PANASONIC CORPORATION
      • 15.1.3.1 Business overview
      • 15.1.3.2 Products/Solutions/Services offered
      • 15.1.3.3 Recent developments
        • 15.1.3.3.1 Product launches
        • 15.1.3.3.2 Deals
      • 15.1.3.4 MnM view
        • 15.1.3.4.1 Right to win
        • 15.1.3.4.2 Strategic choices
        • 15.1.3.4.3 Weaknesses and competitive threats
    • 15.1.4 SAMSUNG SDI CO., LTD.
      • 15.1.4.1 Business overview
      • 15.1.4.2 Products/Solutions/Services offered
      • 15.1.4.3 Recent developments
        • 15.1.4.3.1 Product launches
      • 15.1.4.4 MnM view
        • 15.1.4.4.1 Right to win
        • 15.1.4.4.2 Strategic choices
        • 15.1.4.4.3 Weaknesses and competitive threats
    • 15.1.5 TESLA
      • 15.1.5.1 Business overview
      • 15.1.5.2 Products/Solutions/Services offered
      • 15.1.5.3 MnM view
        • 15.1.5.3.1 Right to win
        • 15.1.5.3.2 Strategic choices
        • 15.1.5.3.3 Weaknesses and competitive threats
    • 15.1.6 ABB
      • 15.1.6.1 Business overview
      • 15.1.6.2 Products/Solutions/Services offered
      • 15.1.6.3 Recent developments
        • 15.1.6.3.1 Deals
    • 15.1.7 DELTA ELECTRONICS, INC.
      • 15.1.7.1 Business overview
      • 15.1.7.2 Products/Solutions/Services offered
    • 15.1.8 GE VERNOVA
      • 15.1.8.1 Business overview
      • 15.1.8.2 Products/Solutions/Services offered
      • 15.1.8.3 Recent developments
        • 15.1.8.3.1 Product launches
        • 15.1.8.3.2 Deals
    • 15.1.9 HITACHI ENERGY LTD.
      • 15.1.9.1 Business overview
      • 15.1.9.2 Products/Solutions/Services offered
      • 15.1.9.3 Recent developments
        • 15.1.9.3.1 Deals
    • 15.1.10 HONEYWELL INTERNATIONAL, INC.
      • 15.1.10.1 Business overview
      • 15.1.10.2 Products/Solutions/Services offered
      • 15.1.10.3 Recent developments
        • 15.1.10.3.1 Deals
        • 15.1.10.3.2 Product launches
    • 15.1.11 JOHNSON CONTROLS
      • 15.1.11.1 Business overview
      • 15.1.11.2 Products/Solutions/Services offered
    • 15.1.12 NGK INSULATORS, LTD.
      • 15.1.12.1 Business overview
      • 15.1.12.2 Products/Solutions/Services offered
      • 15.1.12.3 Recent developments
        • 15.1.12.3.1 Product launches
        • 15.1.12.3.2 Deals
    • 15.1.13 SIEMENS
      • 15.1.13.1 Business overview
      • 15.1.13.2 Products/Solutions/Services offered
      • 15.1.13.3 Recent developments
        • 15.1.13.3.1 Product launches
    • 15.1.14 TOSHIBA CORPORATION
      • 15.1.14.1 Business overview
      • 15.1.14.2 Products/Solutions/Services offered
    • 15.1.15 AB VOLVO
      • 15.1.15.1 Business overview
      • 15.1.15.2 Products/Solutions/Services offered
  • 15.2 OTHER PLAYERS
    • 15.2.1 AEG
    • 15.2.2 EAST PENN MANUFACTURING COMPANY
    • 15.2.3 ESS TECH, INC.
    • 15.2.4 KORE POWER INC.
    • 15.2.5 PRIMUS POWER SOLUTIONS
    • 15.2.6 SAFT
    • 15.2.7 SOLAREDGE
    • 15.2.8 THE AES CORPORATION
    • 15.2.9 TRINASOLAR
    • 15.2.10 VRB ENERGY

16 ADJACENT AND RELEVANT MARKETS

  • 16.1 INTRODUCTION
  • 16.2 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION
    • 16.2.1 RENEWABLE ENERGY
      • 16.2.1.1 High adoption of renewable energy sources to drive market

17 APPENDIX

  • 17.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 17.2 DISCUSSION GUIDE
  • 17.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 17.4 CUSTOMIZATION OPTIONS
  • 17.5 RELATED REPORTS
  • 17.6 AUTHOR DETAILS

List of Tables

  • TABLE 1 BATTERY ENERGY STORAGE SYSTEM MARKET: ECOSYSTEM ANALYSIS
  • TABLE 2 CHARACTERISTICS OF TECHNOLOGIES IN BATTERY ENERGY STORAGE SYSTEMS
  • TABLE 3 LIST OF PATENTS RELATED TO BATTERY ENERGY STORAGE SYSTEM MARKET
  • TABLE 4 BATTERY ENERGY STORAGE SYSTEM MARKET: KEY CONFERENCES AND EVENTS
  • TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 8 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 REGULATIONS AND STANDARDS FOR BATTERY ENERGY STORAGE SYSTEMS
  • TABLE 10 BATTERY ENERGY STORAGE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
  • TABLE 12 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • TABLE 13 AVERAGE SELLING PRICE OF BATTERY PACK, BY BATTERY TYPE (USD/KWH)
  • TABLE 14 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACK, BY KEY PLAYER
  • TABLE 15 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACK, BY REGION
  • TABLE 16 TYPES OF BATTERY TECHNOLOGIES
  • TABLE 17 TYPES OF ENERGY STORAGE SYSTEMS
  • TABLE 18 COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES
  • TABLE 19 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020-2023 (USD MILLION)
  • TABLE 20 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2024-2029 (USD MILLION)
  • TABLE 21 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020-2023 (USD MILLION)
  • TABLE 22 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2024-2029 (USD MILLION)
  • TABLE 23 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2020-2023 (USD MILLION)
  • TABLE 24 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2024-2029 (USD MILLION)
  • TABLE 25 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 26 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 27 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020-2023 (USD MILLION)
  • TABLE 28 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2024-2029 (USD MILLION)
  • TABLE 29 ADVANCED LEAD-ACID MARKET, BY ENERGY CAPACITY, 2020-2023 (USD MILLION)
  • TABLE 30 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2024-2029 (USD MILLION)
  • TABLE 31 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 32 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 33 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020-2023 (USD MILLION)
  • TABLE 34 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2024-2029 (USD MILLION)
  • TABLE 35 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2020-2023 (USD MILLION)
  • TABLE 36 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2024-2029 (USD MILLION)
  • TABLE 37 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 38 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 39 OTHER BATTERY TYPES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020-2023 (USD MILLION)
  • TABLE 40 OTHER BATTERY TYPES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2024-2029 (USD MILLION)
  • TABLE 41 OTHER BATTERY TYPES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2020-2023 (USD MILLION)
  • TABLE 42 OTHER BATTERY TYPES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2024-2029 (USD MILLION)
  • TABLE 43 OTHER BATTERY TYPES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 44 OTHER BATTERY TYPES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 45 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020-2023 (USD MILLION)
  • TABLE 46 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2024-2029 (USD MILLION)
  • TABLE 47 ON-GRID CONNECTIONS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020-2023 (USD MILLION)
  • TABLE 48 ON-GRID CONNECTIONS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2024-2029 (USD MILLION)
  • TABLE 49 ON-GRID CONNECTIONS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 50 ON-GRID CONNECTIONS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 51 OFF-GRID CONNECTIONS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020-2023 (USD MILLION)
  • TABLE 52 OFF-GRID CONNECTIONS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2024-2029 (USD MILLION)
  • TABLE 53 OFF-GRID CONNECTIONS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 54 OFF-GRID CONNECTIONS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 55 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2020-2023 (USD MILLION)
  • TABLE 56 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2024-2029 (USD MILLION)
  • TABLE 57 CUSTOMER-OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 58 CUSTOMER-OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 59 THIRD-PARTY-OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 60 THIRD-PARTY-OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 61 UTILITY-OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 62 UTILITY-OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 63 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2020-2023 (USD MILLION)
  • TABLE 64 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2024-2029 (USD MILLION)
  • TABLE 65 BATTERY ENERGY STORAGE SYSTEM MARKET, BY INSTALLED CAPACITY, 2020-2023 (MWH)
  • TABLE 66 BATTERY ENERGY STORAGE SYSTEM MARKET, BY INSTALLED CAPACITY, 2024-2029 (MWH)
  • TABLE 67 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 68 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 69 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 70 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 71 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 72 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 73 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 74 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 75 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020-2023 (USD MILLION)
  • TABLE 76 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2024-2029 (USD MILLION)
  • TABLE 77 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020-2023 (USD MILLION)
  • TABLE 78 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2024-2029 (USD MILLION)
  • TABLE 79 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2020-2023 (USD MILLION)
  • TABLE 80 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2024-2029 (USD MILLION)
  • TABLE 81 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2020-2023 (USD MILLION)
  • TABLE 82 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2024-2029 (USD MILLION)
  • TABLE 83 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 84 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 85 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020-2023 (USD MILLION)
  • TABLE 86 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2024-2029 (USD MILLION)
  • TABLE 87 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020-2023 (USD MILLION)
  • TABLE 88 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2024-2029 (USD MILLION)
  • TABLE 89 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2020-2023 (USD MILLION)
  • TABLE 90 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2024-2029 (USD MILLION)
  • TABLE 91 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2020-2023 (USD MILLION)
  • TABLE 92 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2024-2029 (USD MILLION)
  • TABLE 93 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 94 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 95 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020-2023 (USD MILLION)
  • TABLE 96 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2024-2029 (USD MILLION)
  • TABLE 97 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020-2023 (USD MILLION)
  • TABLE 98 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2024-2029 (USD MILLION)
  • TABLE 99 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2020-2023 (USD MILLION)
  • TABLE 100 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2024-2029 (USD MILLION)
  • TABLE 101 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2020-2023 (USD MILLION)
  • TABLE 102 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2024-2029 (USD MILLION)
  • TABLE 103 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 104 UTILITIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 105 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 106 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 107 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
  • TABLE 108 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 109 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 110 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 111 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
  • TABLE 112 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 113 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 114 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 115 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
  • TABLE 116 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 117 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 118 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 119 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 120 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 121 MIDDLE EAST: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
  • TABLE 122 MIDDLE EAST: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 123 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 124 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 125 BATTERY ENERGY STORAGE SYSTEM MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2020-JUNE 2024
  • TABLE 126 BATTERY ENERGY STORAGE SYSTEM MARKET SHARE ANALYSIS OF TOP PLAYERS VS. OTHER PLAYERS, 2023
  • TABLE 127 BATTERY ENERGY STORAGE SYSTEM MARKET: APPLICATION FOOTPRINT
  • TABLE 128 BATTERY ENERGY STORAGE SYSTEM MARKET: CONNECTION TYPE FOOTPRINT
  • TABLE 129 BATTERY ENERGY STORAGE SYSTEM MARKET: BATTERY TYPE FOOTPRINT
  • TABLE 130 BATTERY ENERGY STORAGE SYSTEM MARKET: OWNERSHIP FOOTPRINT
  • TABLE 131 BATTERY ENERGY STORAGE SYSTEM MARKET: REGION FOOTPRINT
  • TABLE 132 BATTERY ENERGY STORAGE SYSTEM MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 133 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 134 BATTERY ENERGY STORAGE SYSTEM MARKET: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2024
  • TABLE 135 BATTERY ENERGY STORAGE SYSTEM MARKET: DEALS, JANUARY 2020-JUNE 2024
  • TABLE 136 BATTERY ENERGY STORAGE SYSTEM MARKET: OTHER DEVELOPMENTS, JANUARY 2020-JUNE 2024
  • TABLE 137 BYD COMPANY LTD.: COMPANY OVERVIEW
  • TABLE 138 BYD COMPANY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 139 BYD COMPANY LTD.: DEALS, JANUARY 2020-JUNE 2024
  • TABLE 140 LG ENERGY SOLUTION: COMPANY OVERVIEW
  • TABLE 141 LG ENERGY SOLUTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 142 LG ENERGY SOLUTION: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2024
  • TABLE 143 LG ENERGY SOLUTION: DEALS, JANUARY 2020-JUNE 2024
  • TABLE 144 LG ENERGY SOLUTION: OTHER DEALS/DEVELOPMENTS, JANUARY 2020-JUNE 2024
  • TABLE 145 PANASONIC CORPORATION: COMPANY OVERVIEW
  • TABLE 146 PANASONIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 147 PANASONIC CORPORATION: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2024
  • TABLE 148 PANASONIC CORPORATION: DEALS, JANUARY 2020-JUNE 2024
  • TABLE 149 SAMSUNG SDI CO., LTD.: COMPANY OVERVIEW
  • TABLE 150 SAMSUNG SDI CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 151 SAMSUNG SDI CO., LTD.: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2024
  • TABLE 152 TESLA: COMPANY OVERVIEW
  • TABLE 153 TESLA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 154 ABB: COMPANY OVERVIEW
  • TABLE 155 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 156 ABB: DEALS, JANUARY 2020-JUNE 2024
  • TABLE 157 DELTA ELECTRONICS, INC.: COMPANY OVERVIEW
  • TABLE 158 DELTA ELECTRONICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 159 GE VERNOVA: COMPANY OVERVIEW
  • TABLE 160 GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 161 GE VERNOVA: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2024
  • TABLE 162 GE VERNOVA: DEALS, JANUARY 2020-JUNE 2024
  • TABLE 163 HITACHI ENERGY LTD.: COMPANY OVERVIEW
  • TABLE 164 HITACHI ENERGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 165 HITACHI ENERGY LTD.: DEALS, JANUARY 2020-JUNE 2024
  • TABLE 166 HONEYWELL INTERNATIONAL, INC.: COMPANY OVERVIEW
  • TABLE 167 HONEYWELL INTERNATIONAL, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 168 HONEYWELL INTERNATIONAL, INC.: DEALS, JANUARY 2020-JUNE 2024
  • TABLE 169 HONEYWELL INTERNATIONAL, INC.: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2024
  • TABLE 170 JOHNSON CONTROLS: COMPANY OVERVIEW
  • TABLE 171 JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 172 NGK INSULATORS, LTD.: COMPANY OVERVIEW
  • TABLE 173 NGK INSULATORS, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 174 NGK INSULATORS, LTD.: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2024
  • TABLE 175 NGK INSULATORS, LTD.: DEALS, JANUARY 2020-JUNE 2024
  • TABLE 176 SIEMENS AG: COMPANY OVERVIEW
  • TABLE 177 SIEMENS AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 178 SIEMENS AG: PRODUCT LAUNCHES, JANUARY 2020-JUNE 2024
  • TABLE 179 TOSHIBA CORPORATION: COMPANY OVERVIEW
  • TABLE 180 TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 181 AB VOLVO: COMPANY OVERVIEW
  • TABLE 182 AB VOLVO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 183 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2020-2023 (USD MILLION)
  • TABLE 184 BATTERY MANAGEMENT SYSTEM MARKET, BY APPLICATION, 2024-2029 (USD MILLION)
  • TABLE 185 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2020-2023 (USD MILLION)
  • TABLE 186 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY TOPOLOGY, 2024-2029 (USD MILLION)
  • TABLE 187 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2020-2023 (USD MILLION)
  • TABLE 188 RENEWABLE ENERGY: BATTERY MANAGEMENT SYSTEM MARKET, BY REGION, 2024-2029 (USD MILLION)

List of Figures

  • FIGURE 1 MARKET SEGMENTATION & REGIONS COVERED
  • FIGURE 2 BATTERY ENERGY STORAGE SYSTEM MARKET: RESEARCH DESIGN
  • FIGURE 3 BATTERY ENERGY STORAGE SYSTEM MARKET: RESEARCH APPROACH
  • FIGURE 4 BATTERY ENERGY STORAGE SYSTEM MARKET: BOTTOM-UP APPROACH
  • FIGURE 5 BATTERY ENERGY STORAGE SYSTEM MARKET: TOP-DOWN APPROACH
  • FIGURE 6 METHODOLOGY FOR BATTERY ENERGY STORAGE SYSTEM MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 BATTERY ENERGY STORAGE SYSTEM MARKET, 2020-2029 (USD MILLION)
  • FIGURE 9 LITHIUM-ION BATTERIES SEGMENT TO DOMINATE MARKET BETWEEN 2024 AND 2029
  • FIGURE 10 ON-GRID CONNECTION TYPE SEGMENT TO DOMINATE MARKET IN 2029
  • FIGURE 11 UTILITIES APPLICATION SEGMENT TO GROW AT HIGHEST CAGR BETWEEN 2024 AND 2029
  • FIGURE 12 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN BATTERY ENERGY STORAGE SYSTEM MARKET DURING FORECAST PERIOD
  • FIGURE 13 INCREASING ADOPTION OF RENEWABLE ENERGY SOURCES TO FOSTER MARKET GROWTH
  • FIGURE 14 LITHIUM-ION BATTERY TYPE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
  • FIGURE 15 ABOVE 500 MWH SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2029
  • FIGURE 16 UTILITIES APPLICATION SEGMENT AND US TO HOLD LARGEST SHARES OF NORTH AMERICAN BATTERY ENERGY STORAGE SYSTEM MARKET IN 2029
  • FIGURE 17 INDIA TO REGISTER HIGHEST CAGR IN BATTERY ENERGY STORAGE SYSTEM MARKET FROM 2024 TO 2029
  • FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN BATTERY ENERGY STORAGE SYSTEM MARKET
  • FIGURE 19 GLOBAL INVESTMENTS IN ELECTRICAL GRIDS, 2018-2022
  • FIGURE 20 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF DRIVERS
  • FIGURE 21 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF RESTRAINTS
  • FIGURE 22 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
  • FIGURE 23 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF CHALLENGES
  • FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 25 BATTERY ENERGY STORAGE SYSTEM MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 26 BATTERY ENERGY STORAGE SYSTEM: ECOSYSTEM ANALYSIS
  • FIGURE 27 BATTERY ENERGY STORAGE SYSTEM MARKET: INVESTMENT AND FUNDING SCENARIO
  • FIGURE 28 BATTERY ENERGY STORAGE SYSTEM, PATENT ANALYSIS
  • FIGURE 29 IMPORT DATA, BY KEY COUNTRY, 2018-2022 (USD MILLION)
  • FIGURE 30 EXPORT DATA, BY KEY COUNTRY, 2018-2022 (USD MILLION)
  • FIGURE 31 BATTERY ENERGY STORAGE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • FIGURE 33 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • FIGURE 34 BATTERY ENERGY STORAGE SYSTEM: PRICING BREAKDOWN
  • FIGURE 35 AVERAGE PRICE OF LITHIUM-ION BATTERY PACK
  • FIGURE 36 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACK, BY KEY PLAYER
  • FIGURE 37 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT
  • FIGURE 38 CRITERIA FOR BATTERY SELECTION
  • FIGURE 39 LAYOUT OF BATTERY ENERGY STORAGE SYSTEM
  • FIGURE 40 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
  • FIGURE 41 LITHIUM-ION BATTERIES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 42 COMPARISON OF SODIUM-SULFUR BATTERIES WITH OTHER BATTERY TYPES
  • FIGURE 43 IMPORTANCE OF BATTERY ENERGY STORAGE SYSTEMS IN GRID CONNECTIONS
  • FIGURE 44 APPLICATIONS OF BATTERY ENERGY STORAGE SYSTEMS ON GRIDS
  • FIGURE 45 ON-GRID CONNECTIONS SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 46 ON-GRID CONNECTIONS
  • FIGURE 47 BASIC OFF-GRID SYSTEMS
  • FIGURE 48 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP
  • FIGURE 49 UTILITY-OWNED SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 50 LAYOUT OF BATTERY ENERGY STORAGE SYSTEM INSTALLATION IN RESIDENTIAL AREA
  • FIGURE 51 ENERGY CAPACITY RANGES OF BATTERY ENERGY STORAGE SYSTEMS
  • FIGURE 52 BATTERY ENERGY STORAGE SYSTEMS MARKET FOR ABOVE 500 MWH ENERGY CAPACITY TO REGISTER HIGHEST CAGR BETWEEN 2024 AND 2029
  • FIGURE 53 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
  • FIGURE 54 UTILITIES TO BE LARGEST SEGMENT DURING FORECAST PERIOD
  • FIGURE 55 TESLA POWERWALL INSTALLED FOR RESIDENTIAL APPLICATIONS
  • FIGURE 56 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION
  • FIGURE 57 BATTERY ENERGY STORAGE SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR BETWEEN 2024 AND 2029
  • FIGURE 58 NORTH AMERICA: SNAPSHOT OF BATTERY ENERGY STORAGE SYSTEM MARKET
  • FIGURE 59 US TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 60 EUROPE: SNAPSHOT OF BATTERY ENERGY STORAGE SYSTEM MARKET
  • FIGURE 61 GERMANY TO LEAD EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET
  • FIGURE 62 ASIA PACIFIC: SNAPSHOT OF BATTERY ENERGY STORAGE SYSTEM MARKET
  • FIGURE 63 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 64 SOUTH AMERICA TO HOLD MAJOR SHARE IN BATTERY ENERGY STORAGE SYSTEM MARKET IN ROW DURING FORECAST PERIOD
  • FIGURE 65 BATTERY ENERGY STORAGE SYSTEM MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2019-2023
  • FIGURE 66 BATTERY ENERGY STORAGE SYSTEM MARKET SHARE ANALYSIS, 2023
  • FIGURE 67 COMPANY VALUATION (USD MILLION), 2023
  • FIGURE 68 FINANCIAL METRICS (EV/EBITDA), 2023
  • FIGURE 69 BATTERY ENERGY STORAGE SYSTEM MARKET: BRAND/PRODUCT COMPARISON
  • FIGURE 70 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023
  • FIGURE 71 BATTERY ENERGY STORAGE SYSTEM MARKET: OVERALL COMPANY FOOTPRINT
  • FIGURE 72 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2023
  • FIGURE 73 BYD COMPANY LTD.: COMPANY SNAPSHOT
  • FIGURE 74 LG ENERGY SOLUTION: COMPANY SNAPSHOT
  • FIGURE 75 PANASONIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 76 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 77 TESLA: COMPANY SNAPSHOT
  • FIGURE 78 ABB: COMPANY SNAPSHOT
  • FIGURE 79 DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT
  • FIGURE 80 HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT
  • FIGURE 81 JOHNSON CONTROLS: COMPANY SNAPSHOT
  • FIGURE 82 NGK INSULATORS, LTD.: COMPANY SNAPSHOT
  • FIGURE 83 SIEMENS AG: COMPANY SNAPSHOT
  • FIGURE 84 TOSHIBA CORPORATION: COMPANY SNAPSHOT
  • FIGURE 85 AB VOLVO: COMPANY SNAPSHOT