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Energy Storage Systems Market in Europe 2024-2028

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    Report

  • 151 Pages
  • March 2024
  • Region: Europe
  • TechNavio
  • ID: 5945915
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The energy storage systems market in Europe is forecasted to grow by USD 14.78 bn during 2023-2028, accelerating at a CAGR of 17.87% during the forecast period. The report on the energy storage systems market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing economic benefits of energy storage systems, rising demand for stable and reliable power supply, and inclination toward adoption of energy storage systems in rural areas.

The energy storage systems market in Europe is segmented as below:

By Application

  • Residential
  • Commercial
  • industrial

By Type

  • Batteries
  • Pumped storage hydroelectricity
  • Thermal energy storage
  • Flywheel energy storage
This study identifies the increased adoption of microgrids in battery energy storage systems as one of the prime reasons driving the energy storage systems market in Europe growth during the next few years. Also, integration of multiple storage technologies and rising demand for continuous power supply from data centers will lead to sizable demand in the market.

The report on the energy storage systems market in Europe covers the following areas:

  • Energy storage systems market in Europe sizing
  • Energy storage systems market in Europe forecast
  • Energy storage systems market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading energy storage systems market in Europe vendors that include BYD Co. Ltd., CMBlu Energy AG, Contemporary Amperex Technology Co. Ltd., Deutsche Telekom AG, EnBW Energie Baden Wurttemberg AG, Enel Spa, GS Yuasa International Ltd., Iberdrola SA, Impala, Innovo Renewables S.p.a., Invinity Energy Systems plc, LG Electronics Inc., Panasonic Holdings Corp., RWE AG, Samsung Electronics Co. Ltd., Siemens AG, SSE Plc, Toshiba Corp., TotalEnergies SE, and Wartsila Corp.. Also, the energy storage systems market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Europe: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
4 Historic Market Size
4.1 Energy storage systems market in Europe 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on energy storage systems market in Europe 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Exhibit 29: Chart on Application - Market share 2023-2028 (%)
Exhibit 30: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 31: Chart on Comparison by Application
Exhibit 32: Data Table on Comparison by Application
6.3 Residential - Market size and forecast 2023-2028
Exhibit 33: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 34: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 36: Data Table on Residential - Year-over-year growth 2023-2028 (%)
6.4 Commercial and industrial - Market size and forecast 2023-2028
Exhibit 37: Chart on Commercial and industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 38: Data Table on Commercial and industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Chart on Commercial and industrial - Year-over-year growth 2023-2028 (%)
Exhibit 40: Data Table on Commercial and industrial - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 41: Market opportunity by Application ($ billion)
Exhibit 42: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 43: Chart on Type - Market share 2023-2028 (%)
Exhibit 44: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 45: Chart on Comparison by Type
Exhibit 46: Data Table on Comparison by Type
7.3 Batteries - Market size and forecast 2023-2028
Exhibit 47: Chart on Batteries - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Data Table on Batteries - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Chart on Batteries - Year-over-year growth 2023-2028 (%)
Exhibit 50: Data Table on Batteries - Year-over-year growth 2023-2028 (%)
7.4 Pumped storage hydroelectricity - Market size and forecast 2023-2028
Exhibit 51: Chart on Pumped storage hydroelectricity - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Data Table on Pumped storage hydroelectricity - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Chart on Pumped storage hydroelectricity - Year-over-year growth 2023-2028 (%)
Exhibit 54: Data Table on Pumped storage hydroelectricity - Year-over-year growth 2023-2028 (%)
7.5 Thermal energy storage - Market size and forecast 2023-2028
Exhibit 55: Chart on Thermal energy storage - Market size and forecast 2023-2028 ($ billion)
Exhibit 56: Data Table on Thermal energy storage - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Chart on Thermal energy storage - Year-over-year growth 2023-2028 (%)
Exhibit 58: Data Table on Thermal energy storage - Year-over-year growth 2023-2028 (%)
7.6 Flywheel energy storage - Market size and forecast 2023-2028
Exhibit 59: Chart on Flywheel energy storage - Market size and forecast 2023-2028 ($ billion)
Exhibit 60: Data Table on Flywheel energy storage - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Chart on Flywheel energy storage - Year-over-year growth 2023-2028 (%)
Exhibit 62: Data Table on Flywheel energy storage - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Type
Exhibit 63: Market opportunity by Type ($ billion)
Exhibit 64: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 66: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibit 67: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
9.2 Geographic comparison
Exhibit 68: Chart on Geographic comparison
Exhibit 69: Data Table on Geographic comparison
9.3 Germany - Market size and forecast 2023-2028
Exhibit 70: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 71: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.4 UK - Market size and forecast 2023-2028
Exhibit 74: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 75: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 77: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.5 France - Market size and forecast 2023-2028
Exhibit 78: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 79: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 81: Data Table on France - Year-over-year growth 2023-2028 (%)
9.6 Italy - Market size and forecast 2023-2028
Exhibit 82: Chart on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibit 83: Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Chart on Italy - Year-over-year growth 2023-2028 (%)
Exhibit 85: Data Table on Italy - Year-over-year growth 2023-2028 (%)
9.7 Rest of Europe - Market size and forecast 2023-2028
Exhibit 86: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 87: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
Exhibit 89: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
9.8 Market opportunity By Geographical Landscape
Exhibit 90: Market opportunity By Geographical Landscape ($ billion)
Exhibit 91: Data Table on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 92: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 93: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 94: Overview on factors of disruption
11.4 Industry risks
Exhibit 95: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 96: Vendors covered
12.2 Market positioning of vendors
Exhibit 97: Matrix on vendor position and classification
12.3 BYD Co. Ltd.
Exhibit 98: BYD Co. Ltd. - Overview
Exhibit 99: BYD Co. Ltd. - Business segments
Exhibit 100: BYD Co. Ltd. - Key offerings
Exhibit 101: BYD Co. Ltd. - Segment focus
12.4 Contemporary Amperex Technology Co. Ltd.
Exhibit 102: Contemporary Amperex Technology Co. Ltd. - Overview
Exhibit 103: Contemporary Amperex Technology Co. Ltd. - Product/Service
Exhibit 104: Contemporary Amperex Technology Co. Ltd. - Key offerings
12.5 EnBW Energie Baden Wurttemberg AG
Exhibit 105: EnBW Energie Baden Wurttemberg AG - Overview
Exhibit 106: EnBW Energie Baden Wurttemberg AG - Business segments
Exhibit 107: EnBW Energie Baden Wurttemberg AG - Key offerings
Exhibit 108: EnBW Energie Baden Wurttemberg AG - Segment focus
12.6 Enel Spa
Exhibit 109: Enel Spa - Overview
Exhibit 110: Enel Spa - Product/Service
Exhibit 111: Enel Spa - Key offerings
12.7 GS Yuasa International Ltd.
Exhibit 112: GS Yuasa International Ltd. - Overview
Exhibit 113: GS Yuasa International Ltd. - Business segments
Exhibit 114: GS Yuasa International Ltd. - Key offerings
Exhibit 115: GS Yuasa International Ltd. - Segment focus
12.8 Impala
Exhibit 116: Impala - Overview
Exhibit 117: Impala - Product/Service
Exhibit 118: Impala - Key offerings
12.9 LG Electronics Inc.
Exhibit 119: LG Electronics Inc. - Overview
Exhibit 120: LG Electronics Inc. - Product/Service
Exhibit 121: LG Electronics Inc. - Key offerings
12.10 Panasonic Holdings Corp.
Exhibit 122: Panasonic Holdings Corp. - Overview
Exhibit 123: Panasonic Holdings Corp. - Business segments
Exhibit 124: Panasonic Holdings Corp. - Key news
Exhibit 125: Panasonic Holdings Corp. - Key offerings
Exhibit 126: Panasonic Holdings Corp. - Segment focus
12.11 RWE AG
Exhibit 127: RWE AG - Overview
Exhibit 128: RWE AG - Business segments
Exhibit 129: RWE AG - Key offerings
Exhibit 130: RWE AG - Segment focus
12.12 Samsung Electronics Co. Ltd.
Exhibit 131: Samsung Electronics Co. Ltd. - Overview
Exhibit 132: Samsung Electronics Co. Ltd. - Business segments
Exhibit 133: Samsung Electronics Co. Ltd. - Key news
Exhibit 134: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 135: Samsung Electronics Co. Ltd. - Segment focus
12.13 Siemens AG
Exhibit 136: Siemens AG - Overview
Exhibit 137: Siemens AG - Business segments
Exhibit 138: Siemens AG - Key news
Exhibit 139: Siemens AG - Key offerings
Exhibit 140: Siemens AG - Segment focus
12.14 SSE Plc
Exhibit 141: SSE Plc - Overview
Exhibit 142: SSE Plc - Product/Service
Exhibit 143: SSE Plc - Key offerings
12.15 Toshiba Corp.
Exhibit 144: Toshiba Corp. - Overview
Exhibit 145: Toshiba Corp. - Business segments
Exhibit 146: Toshiba Corp. - Key news
Exhibit 147: Toshiba Corp. - Key offerings
Exhibit 148: Toshiba Corp. - Segment focus
12.16 TotalEnergies SE
Exhibit 149: TotalEnergies SE - Overview
Exhibit 150: TotalEnergies SE - Business segments
Exhibit 151: TotalEnergies SE - Key offerings
Exhibit 152: TotalEnergies SE - Segment focus
12.17 Wartsila Corp.
Exhibit 153: Wartsila Corp. - Overview
Exhibit 154: Wartsila Corp. - Business segments
Exhibit 155: Wartsila Corp. - Key offerings
Exhibit 156: Wartsila Corp. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 157: Inclusions checklist
Exhibit 158: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 159: Currency conversion rates for US$
13.4 Research methodology
Exhibit 160: Research methodology
Exhibit 161: Validation techniques employed for market sizing
Exhibit 162: Information sources
13.5 List of abbreviations
Exhibit 163: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibits 16: Chart on Europe: Year-over-year growth 2023-2028 (%)
Exhibits 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibits 18: Historic Market Size - Data Table on energy storage systems market in Europe 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
Exhibits 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 22: Five forces analysis - Comparison between 2023 and 2028
Exhibits 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 28: Chart on Market condition - Five forces 2023 and 2028
Exhibits 29: Chart on Application - Market share 2023-2028 (%)
Exhibits 30: Data Table on Application - Market share 2023-2028 (%)
Exhibits 31: Chart on Comparison by Application
Exhibits 32: Data Table on Comparison by Application
Exhibits 33: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 34: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 35: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 36: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 37: Chart on Commercial and industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits 38: Data Table on Commercial and industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits 39: Chart on Commercial and industrial - Year-over-year growth 2023-2028 (%)
Exhibits 40: Data Table on Commercial and industrial - Year-over-year growth 2023-2028 (%)
Exhibits 41: Market opportunity by Application ($ billion)
Exhibits 42: Data Table on Market opportunity by Application ($ billion)
Exhibits 43: Chart on Type - Market share 2023-2028 (%)
Exhibits 44: Data Table on Type - Market share 2023-2028 (%)
Exhibits 45: Chart on Comparison by Type
Exhibits 46: Data Table on Comparison by Type
Exhibits 47: Chart on Batteries - Market size and forecast 2023-2028 ($ billion)
Exhibits 48: Data Table on Batteries - Market size and forecast 2023-2028 ($ billion)
Exhibits 49: Chart on Batteries - Year-over-year growth 2023-2028 (%)
Exhibits 50: Data Table on Batteries - Year-over-year growth 2023-2028 (%)
Exhibits 51: Chart on Pumped storage hydroelectricity - Market size and forecast 2023-2028 ($ billion)
Exhibits 52: Data Table on Pumped storage hydroelectricity - Market size and forecast 2023-2028 ($ billion)
Exhibits 53: Chart on Pumped storage hydroelectricity - Year-over-year growth 2023-2028 (%)
Exhibits 54: Data Table on Pumped storage hydroelectricity - Year-over-year growth 2023-2028 (%)
Exhibits 55: Chart on Thermal energy storage - Market size and forecast 2023-2028 ($ billion)
Exhibits 56: Data Table on Thermal energy storage - Market size and forecast 2023-2028 ($ billion)
Exhibits 57: Chart on Thermal energy storage - Year-over-year growth 2023-2028 (%)
Exhibits 58: Data Table on Thermal energy storage - Year-over-year growth 2023-2028 (%)
Exhibits 59: Chart on Flywheel energy storage - Market size and forecast 2023-2028 ($ billion)
Exhibits 60: Data Table on Flywheel energy storage - Market size and forecast 2023-2028 ($ billion)
Exhibits 61: Chart on Flywheel energy storage - Year-over-year growth 2023-2028 (%)
Exhibits 62: Data Table on Flywheel energy storage - Year-over-year growth 2023-2028 (%)
Exhibits 63: Market opportunity by Type ($ billion)
Exhibits 64: Data Table on Market opportunity by Type ($ billion)
Exhibits 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 66: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 67: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 68: Chart on Geographic comparison
Exhibits 69: Data Table on Geographic comparison
Exhibits 70: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 71: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 72: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 73: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 74: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 75: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 76: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 77: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 78: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibits 79: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibits 80: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibits 81: Data Table on France - Year-over-year growth 2023-2028 (%)
Exhibits 82: Chart on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibits 83: Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibits 84: Chart on Italy - Year-over-year growth 2023-2028 (%)
Exhibits 85: Data Table on Italy - Year-over-year growth 2023-2028 (%)
Exhibits 86: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 87: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 88: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
Exhibits 89: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
Exhibits 90: Market opportunity By Geographical Landscape ($ billion)
Exhibits 91: Data Table on Market opportunity By Geographical Landscape ($ billion)
Exhibits 92: Impact of drivers and challenges in 2023 and 2028
Exhibits 93: Overview on Criticality of inputs and Factors of differentiation
Exhibits 94: Overview on factors of disruption
Exhibits 95: Impact of key risks on business
Exhibits 96: Vendors covered
Exhibits 97: Matrix on vendor position and classification
Exhibits 98: BYD Co. Ltd. - Overview
Exhibits 99: BYD Co. Ltd. - Business segments
Exhibits 100: BYD Co. Ltd. - Key offerings
Exhibits 101: BYD Co. Ltd. - Segment focus
Exhibits 102: Contemporary Amperex Technology Co. Ltd. - Overview
Exhibits 103: Contemporary Amperex Technology Co. Ltd. - Product/Service
Exhibits 104: Contemporary Amperex Technology Co. Ltd. - Key offerings
Exhibits 105: EnBW Energie Baden Wurttemberg AG - Overview
Exhibits 106: EnBW Energie Baden Wurttemberg AG - Business segments
Exhibits 107: EnBW Energie Baden Wurttemberg AG - Key offerings
Exhibits 108: EnBW Energie Baden Wurttemberg AG - Segment focus
Exhibits 109: Enel Spa - Overview
Exhibits 110: Enel Spa - Product/Service
Exhibits 111: Enel Spa - Key offerings
Exhibits 112: GS Yuasa International Ltd. - Overview
Exhibits 113: GS Yuasa International Ltd. - Business segments
Exhibits 114: GS Yuasa International Ltd. - Key offerings
Exhibits 115: GS Yuasa International Ltd. - Segment focus
Exhibits 116: Impala - Overview
Exhibits 117: Impala - Product/Service
Exhibits 118: Impala - Key offerings
Exhibits 119: LG Electronics Inc. - Overview
Exhibits 120: LG Electronics Inc. - Product/Service
Exhibits 121: LG Electronics Inc. - Key offerings
Exhibits 122: Panasonic Holdings Corp. - Overview
Exhibits 123: Panasonic Holdings Corp. - Business segments
Exhibits 124: Panasonic Holdings Corp. - Key news
Exhibits 125: Panasonic Holdings Corp. - Key offerings
Exhibits 126: Panasonic Holdings Corp. - Segment focus
Exhibits 127: RWE AG - Overview
Exhibits 128: RWE AG - Business segments
Exhibits 129: RWE AG - Key offerings
Exhibits 130: RWE AG - Segment focus
Exhibits 131: Samsung Electronics Co. Ltd. - Overview
Exhibits 132: Samsung Electronics Co. Ltd. - Business segments
Exhibits 133: Samsung Electronics Co. Ltd. - Key news
Exhibits 134: Samsung Electronics Co. Ltd. - Key offerings
Exhibits 135: Samsung Electronics Co. Ltd. - Segment focus
Exhibits 136: Siemens AG - Overview
Exhibits 137: Siemens AG - Business segments
Exhibits 138: Siemens AG - Key news
Exhibits 139: Siemens AG - Key offerings
Exhibits 140: Siemens AG - Segment focus
Exhibits 141: SSE Plc - Overview
Exhibits 142: SSE Plc - Product/Service
Exhibits 143: SSE Plc - Key offerings
Exhibits 144: Toshiba Corp. - Overview
Exhibits 145: Toshiba Corp. - Business segments
Exhibits 146: Toshiba Corp. - Key news
Exhibits 147: Toshiba Corp. - Key offerings
Exhibits 148: Toshiba Corp. - Segment focus
Exhibits 149: TotalEnergies SE - Overview
Exhibits 150: TotalEnergies SE - Business segments
Exhibits 151: TotalEnergies SE - Key offerings
Exhibits 152: TotalEnergies SE - Segment focus
Exhibits 153: Wartsila Corp. - Overview
Exhibits 154: Wartsila Corp. - Business segments
Exhibits 155: Wartsila Corp. - Key offerings
Exhibits 156: Wartsila Corp. - Segment focus
Exhibits 157: Inclusions checklist
Exhibits 158: Exclusions checklist
Exhibits 159: Currency conversion rates for US$
Exhibits 160: Research methodology
Exhibits 161: Validation techniques employed for market sizing
Exhibits 162: Information sources
Exhibits 163: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the energy storage systems market in Europe: BYD Co. Ltd., CMBlu Energy AG, Contemporary Amperex Technology Co. Ltd., Deutsche Telekom AG, EnBW Energie Baden Wurttemberg AG, Enel Spa, GS Yuasa International Ltd., Iberdrola SA, Impala, Innovo Renewables S.p.a., Invinity Energy Systems plc, LG Electronics Inc., Panasonic Holdings Corp., RWE AG, Samsung Electronics Co. Ltd., Siemens AG, SSE Plc, Toshiba Corp., TotalEnergies SE, and Wartsila Corp..

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increased adoption of microgrids in battery energy storage systems.'

According to the report, one of the major drivers for this market is the increasing economic benefits of energy storage systems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BYD Co. Ltd.
  • CMBlu Energy AG
  • Contemporary Amperex Technology Co. Ltd.
  • Deutsche Telekom AG
  • EnBW Energie Baden Wurttemberg AG
  • Enel Spa
  • GS Yuasa International Ltd.
  • Iberdrola SA
  • Impala
  • Innovo Renewables S.p.a.
  • Invinity Energy Systems plc
  • LG Electronics Inc.
  • Panasonic Holdings Corp.
  • RWE AG
  • Samsung Electronics Co. Ltd.
  • Siemens AG
  • SSE Plc
  • Toshiba Corp.
  • TotalEnergies SE
  • Wartsila Corp.

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Residential Energy Storage System Market by Technology Type, Power Rating, Ownership Type, Connectivity Type, and Region 2024-2032 - Product Image

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Energy Storage System Market Overview, 2024-2029 - Product Image

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About the Energy Storage Systems Market

The Energy Storage Systems market is a rapidly growing sector of the energy industry. It is focused on the development and deployment of technologies that enable the storage of energy generated from renewable sources such as solar and wind. These systems are used to store energy for later use, allowing for more efficient use of energy resources. They can also be used to provide backup power during outages or to reduce peak demand. Energy Storage Systems can be divided into two main categories: stationary and mobile. Stationary systems are typically used for large-scale applications such as grid-scale storage, while mobile systems are used for smaller applications such as electric vehicles. Both types of systems are becoming increasingly popular as they offer a more reliable and cost-effective way to store energy. Some of the leading companies in the Energy Storage Systems market include Tesla, LG Chem, BYD, Panasonic, and Samsung. These companies are developing innovative technologies to improve the efficiency and reliability of energy storage systems. They are also investing heavily in research and development to further advance the technology. Show Less Read more

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