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1300115

電池式エネルギー貯蔵の世界市場：要素別・電池の種類別 (リチウムイオン、高度鉛酸、フロー)・接続の種類別 (オングリッド、オフグリッド)・所有形態別 (顧客所有、第三者所有、電力企業所有)・エネルギー容量別の将来予測 (2028年まで)

Battery Energy Storage Market by Element, Battery Type (Lithium-ion, Advanced Lead Acid, Flow), Connection Type (On-Grid and Off-Grid), Ownership (Customer Owned, Third-Party Owned, Utility Owned), Energy Capacity - Global Forecast to 2028
出版日: | 発行: MarketsandMarkets | ページ情報: 英文 279 Pages | 納期: 即納可能 即納可能とは

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=155.76円
電池式エネルギー貯蔵の世界市場：要素別・電池の種類別 (リチウムイオン、高度鉛酸、フロー)・接続の種類別 (オングリッド、オフグリッド)・所有形態別 (顧客所有、第三者所有、電力企業所有)・エネルギー容量別の将来予測 (2028年まで)
出版日: 2023年06月26日
発行: MarketsandMarkets
ページ情報: 英文 279 Pages
納期: 即納可能 即納可能とは
  • 全表示
  • 概要
  • 目次
概要

世界の電池式エネルギー貯蔵の市場規模は、2023年には54億米ドル、2028年には175億米ドルに達し、予測期間中に26.4%のCAGRで成長すると予測されています。

この市場の成長の背景には、再生可能エネルギーに対する需要の高まりと、気候変動に関する懸念の高まりがあります。

"リチウムイオン電池が2022年に市場を独占する"

2022年、リチウムイオン電池が電池式エネルギー貯蔵市場の支配的勢力に浮上しました。その卓越した品質と幅広い入手可能性が成功の要因です。リチウムイオン電池はエネルギー密度・効率・性能が高く、エネルギー貯蔵のための信頼できる効率的なソリューションとなっています。また、リチウムイオン電池はサイクル寿命が長く、様々なエネルギー貯蔵用途での耐久性と寿命が保証されています。さらに、コストの低下、確立された製造インフラ、成熟した技術により、エネルギー貯蔵プロジェクトに適した選択肢としての地位が確固たるものとなっています。

"オングリッド接続方式が2022年に最大シェアを占める"

オングリッド接続は、BESS (電池式エネルギー貯蔵システム) を既存の電力網インフラとシームレスに統合し、多くの利点を提供します。これらのシステムは、周波数・電圧・電力品質を調整することでグリッドの安定性と信頼性をサポートし、一貫した中断のない電力供給を保証することができます。また、系統連系型BESS は、周波数調整、ピークカットなど、系統サービスやアンシラリー市場に柔軟に参加することができ、さらなる収益創出の機会を得ることができます。さらに、オングリッド接続は余剰エネルギーの効率的な管理を可能にし、余剰エネルギーをグリッドにフィードバックすることで、顧客のエネルギー料金を削減し、グリッド全体の効率を高めることができます。

"アジア太平洋が予測期間中に最大の市場シェアを占める"

アジア太平洋は、中国、日本、インドなどの急成長経済圏で構成されています。この地域は、急速な工業化・都市化・経済成長を目の当たりにしており、信頼性が高く持続可能なエネルギーソリューションに対する需要の高まりにつながっています。中国、日本、韓国などの政府は、エネルギー貯蔵技術の採用を促進するための支援政策やインセンティブを実施しており、市場の成長を促進しています。その他の特典として、アジア太平洋地域には世界最大級の電池メーカーがあり、確立されたサプライチェーン、規模の経済、技術的専門知識から利益を得ています。また、同地域は再生可能エネルギー導入の最前線にあり、特に太陽光発電と風力発電において、BESSはグリッド統合とエネルギーバランシングに不可欠です。

目次

第1章 イントロダクション

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 重要考察

第5章 市場概要

  • イントロダクション
  • 市場力学
    • 促進要因
    • 抑制要因
    • 機会
    • 課題
  • バリューチェーン分析
  • エコシステム分析
  • 価格分析
  • 顧客のビジネスに影響を与える動向/混乱
  • 技術分析
  • ポーターのファイブフォース分析
  • 主要な利害関係者と購入基準
  • ケーススタディ分析
  • 貿易分析
  • 特許分析
  • 主な会議とイベント (2023年～2024年)
  • 規制状況

第6章 主要な入力エネルギー源と、BESS関連の最近動向

  • イントロダクション
  • 入力エネルギー源
    • ソーラーパネル
    • 風力タービン
    • 系統電力
    • ディーゼル発電機
    • その他
  • 市場関連の最近動向
    • 再生可能エネルギー源
    • 電池技術の進歩
    • AI (人工知能)・ML (機械学習)
    • マイクログリッド
    • ハイブリッドエネルギー貯蔵システム
  • 各種電池技術とBESSの分析
    • 各種電池技術の総合分析
    • 各種エネルギー貯蔵システムの総合分析
  • 電池式エネルギー貯蔵向けシステムの種類
    • FTM (Front-of-the-Meter）システム
    • BTM (Behind-the-Meter）システム

第7章 電池式エネルギー貯蔵システム市場：要素別

  • イントロダクション
  • 電池
  • その他の要素
    • ハードウェア
    • その他

第8章 電池式エネルギー貯蔵システム市場：電池の種類別

  • イントロダクション
  • リチウムイオン電池
  • 高度鉛酸電池 (高度鉛蓄電池)
  • フロー電池
  • その他
    • ナトリウム硫黄電池
    • ニッケルカドミウム電池
    • ニッケル水素電池
    • ニッケル鉄電池
    • フライホイール電池

第9章 電池式エネルギー貯蔵システム市場：接続の種類別

  • イントロダクション
  • オングリッド接続
  • オフグリッド接続

第10章 電池式エネルギー貯蔵システム市場：所有形態別

  • イントロダクション
  • 顧客所有
  • 第三者所有
  • 電力企業所有

第11章 電池式エネルギー貯蔵システム市場：エネルギー容量別

  • イントロダクション
  • 100MWH未満
  • 100～500MWH
  • 500MWH超

第12章 電池式エネルギー貯蔵システム市場：用途別

  • イントロダクション
  • 住宅用
  • 商業用
  • ユーティリティ用

第13章 電池式エネルギー貯蔵システム市場：地域別

  • イントロダクション
  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • フランス
    • その他の欧州
  • アジア太平洋
    • 中国
    • 日本
    • インド
    • オーストラリア
    • 韓国
    • その他のアジア太平洋
  • その他の地域 (ROW)
    • 南米
    • 中東・アフリカ

第14章 競合情勢

  • 概要
  • 主要企業が採用した戦略
  • 上位企業の収益分析
  • 市場シェア分析
  • 競合評価クアドラント
  • 中小企業（SME）の評価クアドラント
  • BESS市場：企業のフットプリント
  • 競合ベンチマーキング
  • 競合シナリオ

第15章 企業プロファイル

  • 主要企業
    • BYD COMPANY LIMITED
    • LG ENERGY SOLUTIONS CO., LTD.
    • PANASONIC CORPORATION
    • SAMSUNG SDI CO., LTD.
    • TESLA, INC.
    • ABB
    • AEG POWER SOLUTIONS
    • DELTA ELECTRONICS INC.
    • GENERAL ELECTRIC
    • HITACHI, LTD.
    • HONEYWELL INTERNATIONAL, INC.
    • NEC CORPORATION
    • NGK INSULATORS, LTD.
    • SIEMENS AG
    • TOSHIBA CORPORATION
  • その他の企業
    • EAST PENN MANUFACTURING COMPANY
    • ENERDEL, INC.
    • EXERGONIX
    • JOHNSON CONTROLS
    • NEXTERA ENERGY, INC.
    • PARKER HANNIFIN CORP
    • PRIMUS POWER
    • SOLAREDGE
    • THE AES CORPORATION
    • TRINABESS

第16章 隣接市場

  • 全固体電池市場
  • 全固体電池市場：充電可能性別

第17章 付録

目次
Product Code: SE 4200

The battery energy storage system market is estimated to be worth USD 5.4 billion in 2023 and is projected to reach USD 17.5 billion by 2028, at a CAGR of 26.4% during the forecast period. The growth of this market is attributed to the rising demand for renewable energy and the growing concerns related to climate change.

"Lithium-ion batteries to dominate the battery energy storage system market in 2022."

In 2022, lithium-ion batteries emerged as the dominant force in the battery energy storage market. Their exceptional qualities and wide availability contribute to their success. Lithium-ion batteries offer high energy density, efficiency, and performance, making them a dependable and efficient solution for energy storage. They also boast a long cycle life, guaranteeing durability and longevity for various energy storage applications. Moreover, their decreasing costs, well-established manufacturing infrastructure, and mature technology have solidified their position as the preferred choice for energy storage projects.

"On-grid connection type to hold the largest share of battery energy storage system market in 2022."

On-grid connection allows battery energy storage systems to seamlessly integrate with the existing electrical grid infrastructure, providing numerous benefits. These systems can support grid stability and reliability by regulating frequency, voltage, and power quality, ensuring a consistent and uninterrupted power supply. On-grid connected battery energy storage systems also have the flexibility to participate in grid services and ancillary markets, such as frequency regulation and peak shaving, enabling additional revenue generation opportunities. Moreover, on-grid connection allows for the efficient management of surplus energy, which can be fed back to the grid, reducing energy bills for customers, and enhancing overall grid efficiency.

"Asia Pacific is anticipated to contribute the largest share of the market during the forecast period."

Asia Pacific consists of some of the fastest-growing economies-such as China, Japan, and India. The region is witnessing rapid industrialization, urbanization, and economic growth, leading to an increased demand for reliable and sustainable energy solutions. Governments in countries like China, Japan, and South Korea have implemented supportive policies and incentives to promote the adoption of energy storage technologies, driving market growth. Additionally, Asia Pacific is home to some of the world's largest battery manufacturers, benefiting from established supply chains, economies of scale, and technological expertise. The region has also been at the forefront of renewable energy deployment, particularly in solar and wind power, and battery energy storage systems are essential for grid integration and energy balancing.

The break-up of the profiles of primary participants:

  • By Company Type - Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
  • By Designation - C-level Executives - 35%, Directors - 45%, and Others - 20%
  • By Region - North America - 30%, Europe - 25%, Asia Pacific - 35%, and Rest of the World - 10%

Major players in the battery energy storage system market include BYD Company Limited (China), SAMSUNG SDI Co., Ltd. (South Korea), LG Energy Solutions Co., Ltd. (South Korea), and Panasonic Corporation (Japan).

Research Coverage

The report segments the battery energy storage system market by element, battery type, connection type, ownership, energy capacity, application, and region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Reasons to buy the report:

The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall battery energy storage system market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of key drivers (Accelerating deployment of grid energy storage systems in ongoing grid modernization, Adoption of lithium-ion batteries in renewable energy sector to fuel market growth, growing adoption of low carbon and less fossil fuel based economy and continuous renewable energy revolution is driving the market), restraints (high initial investment cost for installing battery energy storage systems is hindering the growth of the market), opportunities (rapid integration of battery energy storage system for rural electrification projects worldwide, growing demand for continuous power supply from data centers to fuel the demand for battery energy storage systems, reduction in prices of lithium-ion batteries), and challenges (installation challenges for battery energy storage systems in remote and isolated locations, overheating of lithium-ion batteries due to abnormal discharges and short circuits, aging of lithium-ion batteries due to complex chemical reactions between electrodes and electrolyte) influencing the growth of the battery energy storage system market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and 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 Limited (China), SAMSUNG SDI Co., Ltd. (South Korea), LG Energy Solutions Co., Ltd. (South Korea), and Panasonic Corporation (Japan).

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 INCLUSIONS AND EXCLUSIONS
  • 1.4 STUDY SCOPE
    • 1.4.1 MARKETS COVERED
    • FIGURE 1 BATTERY ENERGY STORAGE SYSTEM MARKET: SEGMENTATION
    • 1.4.2 REGIONAL SCOPE
    • 1.4.3 YEARS CONSIDERED
  • 1.5 CURRENCY
  • 1.6 STAKEHOLDERS
  • 1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 BATTERY ENERGY STORAGE SYSTEM MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY DATA
      • 2.1.1.1 List of major secondary sources
      • 2.1.1.2 Key data from secondary sources
    • 2.1.2 PRIMARY DATA
      • 2.1.2.1 Primary interviews with experts
      • 2.1.2.2 Breakdown of primaries
      • 2.1.2.3 Key data from primary sources
    • 2.1.3 SECONDARY AND PRIMARY RESEARCH
      • 2.1.3.1 Key industry insights
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 BOTTOM-UP APPROACH
      • 2.2.1.1 Approach to derive market size using bottom-up analysis (demand side)
    • FIGURE 3 BATTERY ENERGY STORAGE SYSTEM MARKET: BOTTOM-UP APPROACH
    • 2.2.2 TOP-DOWN APPROACH
      • 2.2.2.1 Approach to derive market size using top-down analysis (supply side)
    • FIGURE 4 BATTERY ENERGY STORAGE SYSTEM MARKET: TOP-DOWN APPROACH
    • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE FROM PRODUCTS/SOLUTIONS/SERVICES IN BATTERY ENERGY STORAGE SYSTEM MARKET
  • 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 6 DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
  • 2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON MARKET
  • 2.6 LIMITATIONS
  • 2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

    • FIGURE 7 BATTERY ENERGY STORAGE SYSTEM MARKET
    • FIGURE 8 LITHIUM-ION BATTERIES LARGEST SEGMENT OF BATTERY ENERGY STORAGE SYSTEM MARKET IN 2022
    • FIGURE 9 BATTERY SEGMENT TO CONTRIBUTE LARGER SHARE TO MARKET IN 2023
    • FIGURE 10 UTILITY APPLICATION SEGMENT ACCOUNTED FOR LARGEST MARKET SIZE IN 2022
    • FIGURE 11 ASIA PACIFIC HELD LARGEST MARKET SHARE IN 2022

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN BATTERY ENERGY STORAGE SYSTEM MARKET
    • FIGURE 12 GROWING DEMAND FOR CONTINUOUS POWER SUPPLY AND RISING ADOPTION OF BATTERY ENERGY STORAGE SYSTEMS FOR ELECTRIFICATION IN RURAL AREAS TO DRIVE MARKET
  • 4.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
    • FIGURE 13 LITHIUM-ION BATTERIES SEGMENT HELD LARGEST SHARE IN 2022
  • 4.3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY
    • FIGURE 14 ABOVE 500 MWH ENERGY CAPACITY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • 4.4 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
    • FIGURE 15 UTILITY TO BE LARGEST APPLICATION SEGMENT OF MARKET IN 2023
  • 4.5 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION
    • FIGURE 16 MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 17 BATTERY ENERGY STORAGE SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Accelerated deployment of grid energy storage systems in ongoing grid modernization projects
      • 5.2.1.2 Adoption of lithium-ion batteries in renewable energy sector
      • 5.2.1.3 Renewable energy revolution and transition toward low carbon-based economy
    • FIGURE 18 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF DRIVERS
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High cost of installing battery energy storage systems
    • FIGURE 19 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF RESTRAINTS
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Rapid adoption of battery energy storage systems in rural electrification projects worldwide
      • 5.2.3.2 Increased demand for continuous power supply from data centers
      • 5.2.3.3 Reduction in price of lithium-ion batteries
    • FIGURE 20 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Difficulties pertaining to installation of battery energy storage systems in remote and isolated locations
      • 5.2.4.2 Overheating of lithium-ion batteries due to abnormal discharges and short circuits
      • 5.2.4.3 Aging of lithium-ion batteries due to complex chemical reactions between electrodes and electrolytes
    • FIGURE 21 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF CHALLENGES
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 22 BATTERY ENERGY STORAGE SYSTEM MARKET: VALUE CHAIN ANALYSIS
  • 5.4 ECOSYSTEM ANALYSIS
    • FIGURE 23 BATTERY ENERGY STORAGE SYSTEM MARKET: ECOSYSTEM ANALYSIS
    • FIGURE 24 BATTERY TECHNOLOGIES: ECOSYSTEM ANALYSIS
    • TABLE 1 BATTERY ENERGY STORAGE SYSTEM MARKET: ECOSYSTEM ANALYSIS
  • 5.5 PRICING ANALYSIS
    • 5.5.1 AVERAGE SELLING PRICE TREND
    • FIGURE 25 BATTERY ENERGY STORAGE SYSTEM: PRICING BREAKDOWN
    • FIGURE 26 AVERAGE PRICE OF LITHIUM-ION BATTERY PACKS FOR ENERGY STORAGE
    • TABLE 2 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS FOR ENERGY STORAGE, BY REGION
    • 5.5.2 AVERAGE SELLING PRICE OF BATTERY TYPES, BY KEY PLAYER
    • FIGURE 27 AVERAGE SELLING PRICE OF BATTERY TYPES, BY KEY PLAYER
    • TABLE 3 AVERAGE SELLING PRICE OF BATTERY TYPES, BY KEY PLAYER (USD)
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    • FIGURE 28 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
  • 5.7 TECHNOLOGY ANALYSIS
    • TABLE 4 COMPARISON OF ENERGY STORAGE TECHNOLOGIES
    • TABLE 5 CHARACTERISTICS OF TECHNOLOGIES IN BATTERY ENERGY STORAGE SYSTEMS
    • 5.7.1 SODIUM-SULFUR BATTERY
    • 5.7.2 COBALT-FREE BATTERY
    • 5.7.3 METAL-AIR BATTERY
    • 5.7.4 LIQUID METAL BATTERY
    • 5.7.5 POTASSIUM METAL BATTERY
    • 5.7.6 ZINC-MANGANESE BATTERY
    • 5.7.7 LITHIUM-SULFUR BATTERY
    • 5.7.8 LITHIUM METAL BATTERY
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 29 BATTERY ENERGY STORAGE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS
    • TABLE 6 BATTERY ENERGY STORAGE SYSTEM MARKET: PORTER'S FIVE FORCES ANALYSIS
    • 5.8.1 THREAT OF NEW ENTRANTS
    • 5.8.2 THREAT OF SUBSTITUTES
    • 5.8.3 BARGAINING POWER OF SUPPLIERS
    • 5.8.4 BARGAINING POWER OF BUYERS
    • 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
    • TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
    • 5.9.2 BUYING CRITERIA
    • FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    • TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • 5.10 CASE STUDY ANALYSIS
    • 5.10.1 GENERAL ELECTRIC TO DELIVER BATTERY ENERGY STORAGE SYSTEMS TO CONVERGENT
    • 5.10.2 ADOPTION OF BATTERY ENERGY STORAGE SYSTEMS BY UTILITY PROVIDER COMPANY
    • 5.10.3 DEPLOYMENT OF MICROGRID BATTERY ENERGY STORAGE SYSTEMS FOR RURAL ELECTRIFICATION IN NIGERIA
    • 5.10.4 DEPLOYMENT OF OFF-GRID BATTERY ENERGY STORAGE SYSTEMS FOR RENEWABLE ENERGY PROJECT
    • 5.10.5 ABB TO INSTALL BATTERY ENERGY STORAGE SYSTEMS IN PHILIPPINES
  • 5.11 TRADE ANALYSIS
    • 5.11.1 IMPORT SCENARIO
    • FIGURE 32 IMPORT DATA, BY KEY COUNTRY, 2017-2021 (USD MILLION)
    • 5.11.2 EXPORT SCENARIO
    • FIGURE 33 EXPORT DATA, BY KEY COUNTRY, 2017-2021 (USD MILLION)
  • 5.12 PATENT ANALYSIS
    • FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
    • FIGURE 35 NO. OF PATENTS GRANTED IN BATTERY ENERGY STORAGE SYSTEM MARKET ANNUALLY OVER LAST 10 YEARS
    • TABLE 9 TOP 20 PATENT OWNERS IN LAST 10 YEARS
    • TABLE 10 LIST OF PATENTS RELATED TO BATTERY ENERGY STORAGE SYSTEM MARKET
  • 5.13 KEY CONFERENCES & EVENTS IN 2023-2024
    • TABLE 11 BATTERY ENERGY STORAGE SYSTEM MARKET: CONFERENCES AND EVENTS
  • 5.14 REGULATORY LANDSCAPE
    • 5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.14.2 STANDARDS AND REGULATIONS RELATED TO BATTERY ENERGY STORAGE SYSTEM MARKET
    • TABLE 16 REGULATIONS AND STANDARDS FOR BATTERY ENERGY STORAGE SYSTEMS

6 MAJOR INPUT ENERGY SOURCES AND RECENT TRENDS RELATED TO BESS

  • 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 BESS
    • 6.4.1 COMPREHENSIVE ANALYSIS OF VARIOUS TYPES OF BATTERY TECHNOLOGIES
    • TABLE 17 DIFFERENT TYPES OF BATTERY TECHNOLOGIES
    • 6.4.2 COMPREHENSIVE ANALYSIS OF VARIOUS TYPES OF ENERGY STORAGE SYSTEMS
    • TABLE 18 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
    • FIGURE 36 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT
    • FIGURE 37 SUPPLIERS INVOLVED IN BATTERY ENERGY STORAGE SYSTEM ECOSYSTEM
    • FIGURE 38 BATTERY ELEMENT SEGMENT TO HOLD LARGER SHARE OF MARKET DURING FORECAST PERIOD
    • TABLE 19 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2019-2022 (USD MILLION)
    • TABLE 20 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2023-2028 (USD MILLION)
  • 7.2 BATTERY
    • 7.2.1 INCREASED USE IN BUILDING SUSTAINABLE AND RESILIENT ENERGY INFRASTRUCTURE TO DRIVE SEGMENT
    • FIGURE 39 CRITERIA FOR BATTERY SELECTION
  • 7.3 OTHER ELEMENTS
    • 7.3.1 HARDWARE
      • 7.3.1.1 Use in facilitating proper communication of system with users to boost demand
    • FIGURE 40 LAYOUT OF BATTERY ENERGY STORAGE SYSTEM
    • 7.3.2 OTHERS
      • 7.3.2.1 Significance in proper functioning of BESS to propel demand

8 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE

  • 8.1 INTRODUCTION
    • FIGURE 41 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
    • TABLE 21 COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES
    • FIGURE 42 LITHIUM-ION BATTERIES TO BE LARGEST SEGMENT OF MARKET DURING FORECAST PERIOD
    • TABLE 22 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION)
    • TABLE 23 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION)
  • 8.2 LITHIUM-ION BATTERIES
    • 8.2.1 PROPERTIES SUCH AS HIGH ENERGY DENSITY AND EFFICIENCY TO DRIVE DEMAND
    • TABLE 24 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 25 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 26 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION)
    • TABLE 27 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION)
    • TABLE 28 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 29 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 8.3 ADVANCED LEAD-ACID BATTERIES
    • 8.3.1 EXTENSIVE ADOPTION IN GRID ENERGY STORAGE TO PROPEL DEMAND
    • TABLE 30 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 31 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 32 ADVANCED LEAD-ACID MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION)
    • TABLE 33 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION)
    • TABLE 34 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 35 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 8.4 FLOW BATTERIES
    • 8.4.1 VARIOUS ADVANTAGES OVER CONVENTIONAL BATTERIES TO BOOST DEMAND
    • TABLE 36 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 37 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 38 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION)
    • TABLE 39 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION)
    • TABLE 40 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 41 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 8.5 OTHERS
    • TABLE 42 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 43 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 44 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION)
    • TABLE 45 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION)
    • TABLE 46 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 47 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 8.5.1 SODIUM-SULFUR BATTERY
    • FIGURE 43 COMPARISON OF SODIUM-SULFUR BATTERIES WITH OTHER BATTERIES
    • 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
    • FIGURE 44 IMPORTANCE OF BATTERY ENERGY STORAGE SYSTEMS IN GRID CONNECTION
    • FIGURE 45 APPLICATIONS OF BATTERY ENERGY STORAGE SYSTEMS ON GRID
    • FIGURE 46 ON-GRID CONNECTION SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    • TABLE 48 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 49 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
  • 9.2 ON-GRID CONNECTION
    • 9.2.1 SURGE IN GLOBAL ELECTRICITY DEMAND TO BOOST DEMAND
    • FIGURE 47 ON-GRID CONNECTION
    • TABLE 50 ON-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION)
    • TABLE 51 ON-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION)
    • TABLE 52 ON-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 53 ON-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 9.3 OFF-GRID CONNECTION
    • 9.3.1 EMERGING ADOPTION IN PROVIDING ENERGY SUPPLY TO REMOTE AREAS TO PROPEL SEGMENT
    • FIGURE 48 BASIC OFF-GRID SYSTEMS
    • TABLE 54 OFF-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION)
    • TABLE 55 OFF-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION)
    • TABLE 56 OFF-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 57 OFF-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)

10 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP

  • 10.1 INTRODUCTION
    • FIGURE 49 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP
    • FIGURE 50 UTILITY OWNED SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD
    • TABLE 58 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2019-2022 (USD MILLION)
    • TABLE 59 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2023-2028 (USD MILLION)
  • 10.2 CUSTOMER OWNED
    • 10.2.1 REDUCED ELECTRICITY COSTS IN RESIDENTIAL APPLICATIONS TO DRIVE ADOPTION
    • FIGURE 51 LAYOUT OF BATTERY ENERGY STORAGE SYSTEM INSTALLATION IN RESIDENTIAL AREA
    • TABLE 60 CUSTOMER OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 61 CUSTOMER OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 10.3 THIRD-PARTY OWNED
    • 10.3.1 REDUCTION IN ELECTRICITY BILLS WITH USE OF SOLAR ENERGY SYSTEMS TO PROPEL DEMAND
    • TABLE 62 THIRD-PARTY OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 63 THIRD-PARTY OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 10.4 UTILITY OWNED
    • 10.4.1 RISE IN DEMAND FOR RENEWABLE ENERGY SOURCES TO DRIVE SEGMENT
    • TABLE 64 UTILITY OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 65 UTILITY OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)

11 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY

  • 11.1 INTRODUCTION
    • FIGURE 52 ENERGY CAPACITY RANGES OF BATTERY ENERGY STORAGE SYSTEMS
    • FIGURE 53 BATTERY ENERGY STORAGE SYSTEMS MARKET FOR ABOVE 500 MWH ENERGY CAPACITY TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
    • TABLE 66 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION)
    • TABLE 67 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION)
  • 11.2 BELOW 100 MWH
    • 11.2.1 HIGH DEMAND FROM RESIDENTIAL APPLICATIONS TO FOSTER DEMAND
    • TABLE 68 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 69 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 70 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 71 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 11.3 BETWEEN 100 AND 500 MWH
    • 11.3.1 INCREASED ADOPTION TO MANAGE UNCERTAINTIES IN POWER SYSTEMS TO PROPEL DEMAND
    • TABLE 72 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 73 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 74 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 75 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 11.4 ABOVE 500 MWH
    • 11.4.1 EXTENSIVE USE IN SMOOTHENING ENERGY FLUCTUATIONS WHILE SERVING ENERGY DEMANDS TO BOOST ADOPTION
    • TABLE 76 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 77 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 78 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 79 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)

12 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION

  • 12.1 INTRODUCTION
    • FIGURE 54 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
    • FIGURE 55 UTILITY TO BE LARGEST SEGMENT OF MARKET DURING FORECAST PERIOD
    • TABLE 80 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 81 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 12.2 RESIDENTIAL
    • 12.2.1 GOVERNMENT INITIATIVES ENCOURAGING VARIOUS RESIDENTIAL ENERGY STORAGE PROJECTS TO BOOST DEMAND
    • FIGURE 56 TESLA POWERWALL INSTALLED FOR RESIDENTIAL APPLICATIONS
    • TABLE 82 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION)
    • TABLE 83 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION)
    • TABLE 84 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 85 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 86 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION)
    • TABLE 87 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION)
    • TABLE 88 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2019-2022 (USD MILLION)
    • TABLE 89 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2023-2028 (USD MILLION)
    • TABLE 90 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 91 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 12.3 COMMERCIAL
    • 12.3.1 INCREASED DEMAND FOR UPS SYSTEMS TO PROPEL ADOPTION
    • TABLE 92 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION)
    • TABLE 93 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION)
    • TABLE 94 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 95 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 96 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION)
    • TABLE 97 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION)
    • TABLE 98 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2019-2022 (USD MILLION)
    • TABLE 99 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2023-2028 (USD MILLION)
    • TABLE 100 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 101 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 12.4 UTILITY
    • 12.4.1 INCREASED DEMAND FOR RENEWABLE ENERGY SOURCES IN ELECTRIC GRIDS TO DRIVE SEGMENT
    • TABLE 102 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION)
    • TABLE 103 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION)
    • TABLE 104 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION)
    • TABLE 105 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION)
    • TABLE 106 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION)
    • TABLE 107 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION)
    • TABLE 108 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2019-2022 (USD MILLION)
    • TABLE 109 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2023-2028 (USD MILLION)
    • TABLE 110 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 111 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)

13 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION

  • 13.1 INTRODUCTION
    • FIGURE 57 BATTERY ENERGY STORAGE SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
    • TABLE 112 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 113 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 13.2 NORTH AMERICA
    • 13.2.1 NORTH AMERICA: RECESSION IMPACT
    • FIGURE 58 NORTH AMERICA: SNAPSHOT OF BATTERY ENERGY STORAGE SYSTEM MARKET
    • TABLE 114 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 115 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 116 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 117 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • 13.2.2 US
      • 13.2.2.1 Extensive adoption of large-scale systems in power grids to accelerate market
    • 13.2.3 CANADA
      • 13.2.3.1 Increased investments in battery technology to fulfill peak energy demand in urban areas to propel market
    • 13.2.4 MEXICO
      • 13.2.4.1 Increased demand for electricity to drive market
  • 13.3 EUROPE
    • 13.3.1 EUROPE: RECESSION IMPACT
    • FIGURE 59 EUROPE: SNAPSHOT OF BATTERY ENERGY STORAGE SYSTEM MARKET
    • TABLE 118 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 119 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 120 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 121 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • 13.3.2 GERMANY
      • 13.3.2.1 Increased focus on energy storage in residential applications to boost market
    • 13.3.3 UK
      • 13.3.3.1 Rise in government initiatives for energy storage to propel market
    • 13.3.4 FRANCE
      • 13.3.4.1 Increased use of renewable energy resources across sectors to drive market
    • 13.3.5 REST OF EUROPE
  • 13.4 ASIA PACIFIC
    • 13.4.1 ASIA PACIFIC: RECESSION IMPACT
    • FIGURE 60 ASIA PACIFIC: SNAPSHOT OF BATTERY ENERGY STORAGE SYSTEM MARKET
    • TABLE 122 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 123 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 124 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 125 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • 13.4.2 CHINA
      • 13.4.2.1 Increased energy demand and ongoing battery energy storage projects to support market
    • 13.4.3 JAPAN
      • 13.4.3.1 Increased investments in solar and wind energy projects to boost market
    • 13.4.4 INDIA
      • 13.4.4.1 Significant government investments in development of low-cost batteries to drive market
    • 13.4.5 AUSTRALIA
      • 13.4.5.1 Government subsidies for deployment of large-scale battery storage projects to support 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 ROW: RECESSION IMPACT
    • TABLE 126 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 127 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 128 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 129 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 13.5.2 SOUTH AMERICA
      • 13.5.2.1 Rise in government investments to deploy renewable energy to support market
    • 13.5.3 MIDDLE EAST & AFRICA
      • 13.5.3.1 Increased adoption due to growth of manufacturing sector to propel market

14 COMPETITIVE LANDSCAPE

  • 14.1 OVERVIEW
  • 14.2 STRATEGIES ADOPTED BY KEY PLAYERS
    • TABLE 130 KEY DEVELOPMENTS IN BATTERY ENERGY STORAGE SYSTEM MARKET
  • 14.3 REVENUE ANALYSIS OF TOP COMPANIES
    • FIGURE 61 FIVE-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN BATTERY ENERGY STORAGE SYSTEM MARKET
  • 14.4 MARKET SHARE ANALYSIS
    • TABLE 131 BATTERY ENERGY STORAGE SYSTEM MARKET SHARE ANALYSIS (2022)
    • FIGURE 62 BATTERY ENERGY STORAGE SYSTEM MARKET: SHARE OF KEY PLAYERS
  • 14.5 COMPETITIVE EVALUATION QUADRANT
    • 14.5.1 STARS
    • 14.5.2 EMERGING LEADERS
    • 14.5.3 PERVASIVE PLAYERS
    • 14.5.4 PARTICIPANTS
    • FIGURE 63 BATTERY ENERGY STORAGE SYSTEM MARKET (GLOBAL): COMPETITIVE EVALUATION QUADRANT, 2022
  • 14.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT
    • 14.6.1 PROGRESSIVE COMPANIES
    • 14.6.2 RESPONSIVE COMPANIES
    • 14.6.3 DYNAMIC COMPANIES
    • 14.6.4 STARTING BLOCKS
    • FIGURE 64 BATTERY ENERGY STORAGE SYSTEM MARKET (GLOBAL): SME EVALUATION QUADRANT, 2022
  • 14.7 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPANY FOOTPRINT
    • TABLE 132 COMPANY FOOTPRINT
    • TABLE 133 COMPANY FOOTPRINT: APPLICATION
    • TABLE 134 COMPANY FOOTPRINT: REGION
  • 14.8 COMPETITIVE BENCHMARKING
    • TABLE 135 BATTERY ENERGY STORAGE SYSTEM MARKET: LIST OF KEY STARTUPS/SMES
    • TABLE 136 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 14.9 COMPETITIVE SCENARIO
    • TABLE 137 BATTERY ENERGY STORAGE SYSTEM MARKET: PRODUCT LAUNCHES, 2021-2022
    • TABLE 138 BATTERY ENERGY STORAGE SYSTEM MARKET: DEALS, 2021-2023
    • TABLE 139 BATTERY ENERGY STORAGE SYSTEM MARKET: OTHERS, 2022

15 COMPANY PROFILES

  • 15.1 KEY PLAYERS

(Business Overview, Products Offered, Recent Developments, and MnM View)**

    • 15.1.1 BYD COMPANY LIMITED
    • TABLE 140 BYD COMPANY LIMITED: BUSINESS OVERVIEW
    • FIGURE 65 BYD COMPANY LIMITED: COMPANY SNAPSHOT
    • TABLE 141 BYD COMPANY LIMITED: PRODUCTS OFFERED
    • TABLE 142 BYD COMPANY LIMITED: DEALS
    • 15.1.2 LG ENERGY SOLUTIONS CO., LTD.
    • TABLE 143 LG ENERGY SOLUTIONS CO., LTD.: BUSINESS OVERVIEW
    • FIGURE 66 LG ENERGY SOLUTIONS CO., LTD.: COMPANY SNAPSHOT
    • TABLE 144 LG ENERGY SOLUTIONS CO., LTD.: PRODUCTS OFFERED
    • TABLE 145 LG ENERGY SOLUTIONS CO., LTD.: DEALS
    • 15.1.3 PANASONIC CORPORATION
    • TABLE 146 PANASONIC CORPORATION: BUSINESS OVERVIEW
    • FIGURE 67 PANASONIC CORPORATION: COMPANY SNAPSHOT
    • TABLE 147 PANASONIC CORPORATION: PRODUCTS OFFERED
    • TABLE 148 PANASONIC CORPORATION: PRODUCT LAUNCHES
    • TABLE 149 PANASONIC CORPORATION: DEALS
    • 15.1.4 SAMSUNG SDI CO., LTD.
    • TABLE 150 SAMSUNG SDI CO., LTD.: BUSINESS OVERVIEW
    • FIGURE 68 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT
    • TABLE 151 SAMSUNG SDI CO., LTD.: PRODUCTS OFFERED
    • TABLE 152 SAMSUNG SDI CO., LTD.: PRODUCT LAUNCHES
    • 15.1.5 TESLA, INC.
    • TABLE 153 TESLA, INC.: BUSINESS OVERVIEW
    • FIGURE 69 TESLA, INC.: COMPANY SNAPSHOT
    • TABLE 154 TESLA, INC.: PRODUCTS OFFERED
    • TABLE 155 TESLA, INC.: PRODUCT LAUNCHES
    • 15.1.6 ABB
    • TABLE 156 ABB: BUSINESS OVERVIEW
    • FIGURE 70 ABB: COMPANY SNAPSHOT
    • TABLE 157 ABB: PRODUCTS OFFERED
    • TABLE 158 ABB: DEALS
    • 15.1.7 AEG POWER SOLUTIONS
    • TABLE 159 AEG POWER SOLUTIONS: BUSINESS OVERVIEW
    • TABLE 160 AEG POWER SOLUTIONS: PRODUCTS OFFERED
    • TABLE 161 AEG POWER SOLUTIONS: DEALS
    • 15.1.8 DELTA ELECTRONICS INC.
    • TABLE 162 DELTA ELECTRONICS INC.: BUSINESS OVERVIEW
    • FIGURE 71 DELTA ELECTRONICS INC.: COMPANY SNAPSHOT
    • TABLE 163 DELTA ELECTRONICS INC.: PRODUCTS OFFERED
    • 15.1.9 GENERAL ELECTRIC
    • TABLE 164 GENERAL ELECTRIC: BUSINESS OVERVIEW
    • FIGURE 72 GENERAL ELECTRIC: COMPANY SNAPSHOT
    • TABLE 165 GENERAL ELECTRIC: PRODUCTS OFFERED
    • TABLE 166 GENERAL ELECTRIC: PRODUCT LAUNCHES
    • TABLE 167 GENERAL ELECTRIC: DEALS
    • TABLE 168 GENERAL ELECTRIC: OTHERS
    • 15.1.10 HITACHI, LTD.
    • TABLE 169 HITACHI, LTD.: BUSINESS OVERVIEW
    • FIGURE 73 HITACHI, LTD.: COMPANY SNAPSHOT
    • TABLE 170 HITACHI, LTD.: PRODUCTS OFFERED
    • TABLE 171 HITACHI, LTD.: DEALS
    • 15.1.11 HONEYWELL INTERNATIONAL, INC.
    • TABLE 172 HONEYWELL INTERNATIONAL, INC.: BUSINESS OVERVIEW
    • FIGURE 74 HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT
    • TABLE 173 HONEYWELL INTERNATIONAL, INC: PRODUCTS OFFERED
    • TABLE 174 HONEYWELL INTERNATIONAL, INC.: PRODUCT LAUNCHES
    • TABLE 175 HONEYWELL INTERNATIONAL, INC.: DEALS
    • 15.1.12 NEC CORPORATION
    • TABLE 176 NEC CORPORATION: BUSINESS OVERVIEW
    • FIGURE 75 NEC CORPORATION: COMPANY SNAPSHOT
    • TABLE 177 NEC CORPORATION: PRODUCTS OFFERED
    • 15.1.13 NGK INSULATORS, LTD.
    • TABLE 178 NGK INSULATORS, LTD.: BUSINESS OVERVIEW
    • FIGURE 76 NGK INSULATORS, LTD.: COMPANY SNAPSHOT
    • TABLE 179 NGK INSULATORS, LTD.: PRODUCTS OFFERED
    • 15.1.14 SIEMENS AG
    • TABLE 180 SIEMENS AG: BUSINESS OVERVIEW
    • FIGURE 77 SIEMENS AG: COMPANY SNAPSHOT
    • TABLE 181 SIEMENS AG: PRODUCTS OFFERED
    • TABLE 182 SIEMENS AG: PRODUCT LAUNCHES
    • 15.1.15 TOSHIBA CORPORATION
    • TABLE 183 TOSHIBA CORPORATION: BUSINESS OVERVIEW
    • FIGURE 78 TOSHIBA CORPORATION: COMPANY SNAPSHOT
    • TABLE 184 TOSHIBA CORPORATION: PRODUCTS OFFERED
    • TABLE 185 TOSHIBA CORPORATION: PRODUCT LAUNCHES
    • TABLE 186 TOSHIBA CORPORATION: DEALS
  • * Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
  • 15.2 OTHER PLAYERS
    • 15.2.1 EAST PENN MANUFACTURING COMPANY
    • 15.2.2 ENERDEL, INC.
    • 15.2.3 EXERGONIX
    • 15.2.4 JOHNSON CONTROLS
    • 15.2.5 NEXTERA ENERGY, INC.
    • 15.2.6 PARKER HANNIFIN CORP
    • 15.2.7 PRIMUS POWER
    • 15.2.8 SOLAREDGE
    • 15.2.9 THE AES CORPORATION
    • 15.2.10 TRINABESS

16 ADJACENT MARKETS

  • 16.1 SOLID-STATE BATTERY MARKET
    • 16.1.1 INTRODUCTION
    • FIGURE 79 SOLID-STATE BATTERY MARKET, BY TYPE
    • TABLE 187 SOLID-STATE BATTERY MARKET, BY TYPE, 2017-2021 (USD MILLION)
    • TABLE 188 SOLID-STATE BATTERY MARKET, BY TYPE, 2022-2028 (USD MILLION)
    • 16.1.2 SINGLE-CELL BATTERY
      • 16.1.2.1 Single-cell battery technology well-adopted in medical devices
    • TABLE 189 SINGLE-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017-2021 (USD MILLION)
    • TABLE 190 SINGLE-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022-2028 (USD MILLION)
    • 16.1.3 MULTI-CELL BATTERY
      • 16.1.3.1 Multi-cell battery most trending battery technology for electric vehicles due to its high power density
    • TABLE 191 MULTI-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017-2021 (USD MILLION)
    • TABLE 192 MULTI-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022-2028 (USD MILLION)
  • 16.2 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY
    • 16.2.1 INTRODUCTION
    • FIGURE 80 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY
    • FIGURE 81 MARKET FOR SECONDARY SOLID-STATE BATTERY TO GROW AT HIGHER CAGR DURING 2022-2028
    • TABLE 193 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY, 2017-2021 (USD MILLION)
    • TABLE 194 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY, 2022-2028 (USD MILLION)
    • 16.2.2 PRIMARY BATTERY
      • 16.2.2.1 Primary solid-state batteries to hold larger share of market during forecast period
    • TABLE 195 PRIMARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017-2021 (USD MILLION)
    • TABLE 196 PRIMARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022-2028 (USD MILLION)
    • 16.2.3 SECONDARY BATTERY
      • 16.2.3.1 Secondary solid-state batteries to witness higher growth rate during forecast period
    • TABLE 197 SECONDARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017-2021 (USD MILLION)
    • TABLE 198 SECONDARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022-2028 (USD MILLION)

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