Battery Energy Storage System Market Report: Trends, Forecast and Competitive Analysis

Publisher: Lucintel
Publication Date: May, 2020
Technology & Telecommunication / Semiconductor
Pages: 150+
Delivery Format: PDF

Trends, opportunities and forecast in battery energy storage market to 2024 by battery type (lithium-ion batteries, sodium–sulfur batteries, flow batteries, advanced, and lead-acid batteries), element (battery and hardware), ownership (utility owned, customer owned, and third-party owned), connection type (on-grid, connection, and off-grid connection), end use industry (residential, non-residential, utilities, and others), and region (North America, Europe, APAC, and ROW)

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The future of the battery energy storage system market looks promising with opportunities in the residential, non-residential, and utility industries. The battery energy storage system market is expe

cted to grow with a CAGR of 33% from 2019 to 2024. The major drivers for this market are increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries.

A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of battery energy storage system market report download the report brochure.

Battery Energy Storage System Market by Segment Type

Global Battery Energy Storage System Market

Battery Energy Storage System Market Share Analysis

The study includes the Battery energy storage system market size and forecast for the Battery energy storage system market through 2024, segmented by battery type, element, ownership, connection type, end use industry, and region as follows:

By Battery Type [$M shipment analysis for 2013 - 2024]:

Lithium-Ion Batteries
Sodium–Sulfur Batteries
Flow Batteries
Advanced Lead-Acid Batteries
Others

By Element [$M shipment analysis for 2013 - 2024]:

Battery
Hardware
Other Elements

By Ownership [$M shipment analysis for 2013 - 2024]:

Utility Owned
Customer Owned
Third-Party Owned

By Connection Type [$M shipment analysis for 2013 - 2024]:

On-Grid Connection
Off-Grid Connection

By End Use Industry [$M shipment analysis for 2013 - 2024]:

Residential
Non-Residential
Utilities
Other Applications

By Region [$M shipment analysis for 2013 – 2024]:

North America
- United States
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
Asia Pacific
- China
- Japan
- India
Rest of the World

Some of the battery energy storage system companies profiled in this report include ABB, LG Chem, NEC, Panasonic, Samsung SDI, AEG Power Solutions, General Electric, Hitachi, Siemens AG, Tesla, and others.

Some of the features of this report:

Market size estimates: Battery energy storage system market size estimation in terms of value ($M) shipment.
Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
Segmentation analysis: Market size by various segmentations such as by battery type, element, ownership, connection type, end use industry, and region.
Regional analysis: Battery energy storage system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions for battery energy storage system in the battery energy storage system market.
Strategic analysis: This includes M&A, new product development, and competitive landscape for, battery energy storage system in the Battery energy storage system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the battery energy storage system market by battery type (lithium-ion batteries, sodium–sulfur batteries, flow batteries, advanced, and lead-acid batteries), element (battery and hardware), ownership (utility owned, customer owned, and third-party owned), connection type (on-grid, connection and off-grid connection), end use industry (residential, non-residential, utilities, and other applications), and region (North America, Europe, APAC, and ROW)?
Q.2 which segments will grow at a faster pace and why?
Q.3 which regions will grow at a faster pace and why?
Q.4 what are the key factors affecting market dynamics? What are the drivers and challenges of the battery energy storage system market?
Q.5 what are the business risks and threats to the battery energy storage system market?
Q.6 What are emerging trends in this battery energy storage system market and the reasons behind them?
Q.7 What are some changing demands of customers in the battery energy storage system market?
Q.8 What are the new developments in the battery energy storage system market? Which companies are leading these developments?
Q.9 Who are the major players in this battery energy storage system market? What strategic initiatives are being implemented By key players for business growth?
Q.10 What are some of the competitive products and processes in this battery energy storage system area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, battery energy storage system market?

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Battery Energy Storage System Market Report: Trends, Forecast and Competitive Analysis

The future of the battery energy storage system market looks promising with opportunities in the residential, non-residential, and utility industries. The battery energy storage system market is expe

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