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Battery Energy Storage System Market By Battery Type, By Connection type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 344 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713178
Battery energy storage systems are devices that enable energy from renewables, like solar and wind, to be stored and then released when customers need power most. The growth of the battery energy storage system market is majorly driven by increase in demand for renewable energy sources along with rise in concerns among the governments of several nations about the adverse effects climate change. A rapid shift toward low carbon energy generation is witnessed round the globe which plays a vital role fuels the growth of the battery energy storage system market. However, high capital expenditure required for installing battery energy storage systems is acting as a prime restraint of the battery energy storage system market. On the contrary, rise in number of rural electrification projects worldwide is anticipated to provide lucrative opportunities for the measurement and test equipment industry during the forecast period.

The battery energy storage system market is segmented on the basis of battery type, connection type, application, behind the meter type, industrial type and region. By battery type, the market is divided into lithium ion, lead acid, flow batteries and others. The connection type segment is bifurcated on grid and off grid. By application, the market is analyzed across front of the meter and behind the meter. The behind the meter segmented is further divided into commercial, industrial and residential. The industrial segment is divided into manufacturing, automotive and others.

Region wise, the measurement and testing market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players operating in the market include battery energy storage system market players, such as EnerSys, BYD Company Limited, EVE Energy Co., Ltd., Siemens AG, LG Energy Solutions Co., Ltd., Kokam, Narada Asia Pacific Pte. Ltd., ABB Ltd., Tesla, Fluence Energy, Inc., General Electric, TotalEnergies, Tata Power Company Limited, Samsung SDI Co., Ltd., Nissan Motor Co., Ltd., VRB Energy and Black & Veatch Holding Company.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the battery energy storage system market analysis from 2021 to 2031 to identify the prevailing battery energy storage system market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the battery energy storage system market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global battery energy storage system market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Battery Type

  • Lithium ion
  • Lead acid
  • Flow batteries
  • Others

By Connection type

  • On grid
  • Off grid

By Application

  • Front of the meter
  • Behind the meter
  • End User
  • Commercial
  • Industrial
  • Residential

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Belgium
  • Poland
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Thailand
  • Philippines
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • ABB
  • SAMSUNG SDI Co., Ltd.
  • Black & Veatch
  • BYD Company Limited
  • Enersys
  • EVE Energy Co., Ltd.
  • Fluence Corporation
  • GE
  • Kokam
  • LG Energy Solutions Co., Ltd.
  • Narada
  • Nissan
  • Siemens Energy
  • Tata Power
  • Total
  • Tesla
  • VRB Energy

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Lithium ion
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Lead acid
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Flow batteries
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country

CHAPTER 5: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 On grid
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Off grid
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Front of the meter
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Behind the meter
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.3.4 Behind the meter Battery Energy Storage System Market by End User
6.3.4.1 Commercial Market size and forecast, by region
6.3.4.2 Industrial Market size and forecast, by region
6.3.4.3 Residential Market size and forecast, by region

CHAPTER 7: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Battery Type
7.2.3 North America Market size and forecast, by Connection type
7.2.4 North America Market size and forecast, by Application
7.2.4.1 North America Behind the meter Battery Energy Storage System Market by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Battery Type
7.2.5.1.2 Market size and forecast, by Connection type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Battery Type
7.2.5.2.2 Market size and forecast, by Connection type
7.2.5.2.3 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Battery Type
7.2.5.3.2 Market size and forecast, by Connection type
7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Battery Type
7.3.3 Europe Market size and forecast, by Connection type
7.3.4 Europe Market size and forecast, by Application
7.3.4.1 Europe Behind the meter Battery Energy Storage System Market by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 U. K.
7.3.5.1.1 Market size and forecast, by Battery Type
7.3.5.1.2 Market size and forecast, by Connection type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Battery Type
7.3.5.2.2 Market size and forecast, by Connection type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Battery Type
7.3.5.3.2 Market size and forecast, by Connection type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Battery Type
7.3.5.4.2 Market size and forecast, by Connection type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Battery Type
7.3.5.5.2 Market size and forecast, by Connection type
7.3.5.5.3 Market size and forecast, by Application
7.3.5.6 Russia
7.3.5.6.1 Market size and forecast, by Battery Type
7.3.5.6.2 Market size and forecast, by Connection type
7.3.5.6.3 Market size and forecast, by Application
7.3.5.7 Netherlands
7.3.5.7.1 Market size and forecast, by Battery Type
7.3.5.7.2 Market size and forecast, by Connection type
7.3.5.7.3 Market size and forecast, by Application
7.3.5.8 Belgium
7.3.5.8.1 Market size and forecast, by Battery Type
7.3.5.8.2 Market size and forecast, by Connection type
7.3.5.8.3 Market size and forecast, by Application
7.3.5.9 Poland
7.3.5.9.1 Market size and forecast, by Battery Type
7.3.5.9.2 Market size and forecast, by Connection type
7.3.5.9.3 Market size and forecast, by Application
7.3.5.10 Rest of Europe
7.3.5.10.1 Market size and forecast, by Battery Type
7.3.5.10.2 Market size and forecast, by Connection type
7.3.5.10.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Battery Type
7.4.3 Asia-Pacific Market size and forecast, by Connection type
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.4.1 Asia-Pacific Behind the meter Battery Energy Storage System Market by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Battery Type
7.4.5.1.2 Market size and forecast, by Connection type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Battery Type
7.4.5.2.2 Market size and forecast, by Connection type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Battery Type
7.4.5.3.2 Market size and forecast, by Connection type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Battery Type
7.4.5.4.2 Market size and forecast, by Connection type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Battery Type
7.4.5.5.2 Market size and forecast, by Connection type
7.4.5.5.3 Market size and forecast, by Application
7.4.5.6 Malaysia
7.4.5.6.1 Market size and forecast, by Battery Type
7.4.5.6.2 Market size and forecast, by Connection type
7.4.5.6.3 Market size and forecast, by Application
7.4.5.7 Thailand
7.4.5.7.1 Market size and forecast, by Battery Type
7.4.5.7.2 Market size and forecast, by Connection type
7.4.5.7.3 Market size and forecast, by Application
7.4.5.8 Philippines
7.4.5.8.1 Market size and forecast, by Battery Type
7.4.5.8.2 Market size and forecast, by Connection type
7.4.5.8.3 Market size and forecast, by Application
7.4.5.9 Indonesia
7.4.5.9.1 Market size and forecast, by Battery Type
7.4.5.9.2 Market size and forecast, by Connection type
7.4.5.9.3 Market size and forecast, by Application
7.4.5.10 Rest of Asia-Pacific
7.4.5.10.1 Market size and forecast, by Battery Type
7.4.5.10.2 Market size and forecast, by Connection type
7.4.5.10.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Battery Type
7.5.3 LAMEA Market size and forecast, by Connection type
7.5.4 LAMEA Market size and forecast, by Application
7.5.4.1 LAMEA Behind the meter Battery Energy Storage System Market by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Battery Type
7.5.5.1.2 Market size and forecast, by Connection type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Battery Type
7.5.5.2.2 Market size and forecast, by Connection type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Battery Type
7.5.5.3.2 Market size and forecast, by Connection type
7.5.5.3.3 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 ABB
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 SAMSUNG SDI Co., Ltd.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Black & Veatch
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 BYD Company Limited
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Enersys
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 EVE Energy Co., Ltd.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Fluence Corporation
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 GE
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Kokam
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 LG Energy Solutions Co., Ltd.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Narada
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Nissan
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Siemens Energy
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Tata Power
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Total
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Tesla
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 VRB Energy
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments

List of Tables
Table 1. Global Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 2. Battery Energy Storage System Market, for Lithium Ion, by Region, 2021-2031 ($Million)
Table 3. Battery Energy Storage System Market for Lithium Ion, by Country, 2021-2031 ($Million)
Table 4. Battery Energy Storage System Market, for Lead Acid, by Region, 2021-2031 ($Million)
Table 5. Battery Energy Storage System Market for Lead Acid, by Country, 2021-2031 ($Million)
Table 6. Battery Energy Storage System Market, for Flow Batteries, by Region, 2021-2031 ($Million)
Table 7. Battery Energy Storage System Market for Flow Batteries, by Country, 2021-2031 ($Million)
Table 8. Battery Energy Storage System Market, for Others, by Region, 2021-2031 ($Million)
Table 9. Battery Energy Storage System Market for Others, by Country, 2021-2031 ($Million)
Table 10. Global Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 11. Battery Energy Storage System Market, for on Grid, by Region, 2021-2031 ($Million)
Table 12. Battery Energy Storage System Market for on Grid, by Country, 2021-2031 ($Million)
Table 13. Battery Energy Storage System Market, for Off Grid, by Region, 2021-2031 ($Million)
Table 14. Battery Energy Storage System Market for Off Grid, by Country, 2021-2031 ($Million)
Table 15. Global Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 16. Battery Energy Storage System Market, for Front of the Meter, by Region, 2021-2031 ($Million)
Table 17. Battery Energy Storage System Market for Front of the Meter, by Country, 2021-2031 ($Million)
Table 18. Battery Energy Storage System Market, for Behind the Meter, by Region, 2021-2031 ($Million)
Table 19. Battery Energy Storage System Market for Behind the Meter, by Country, 2021-2031 ($Million)
Table 20. Global Behind the Meter Battery Energy Storage System Market, by End-user, 2021-2031 ($Million)
Table 21. Battery Energy Storage System Market, for Commercial, by Region, 2021-2031 ($Million)
Table 22. Battery Energy Storage System Market, for Industrial, by Region, 2021-2031 ($Million)
Table 23. Battery Energy Storage System Market, for Residential, by Region, 2021-2031 ($Million)
Table 24. Battery Energy Storage System Market, by Region, 2021-2031 ($Million)
Table 25. North America Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 26. North America Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 27. North America Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 28. North America Behind the Meter Battery Energy Storage System Market, by End-user, 2021-2031 ($Million)
Table 29. North America Battery Energy Storage System Market, by Country, 2021-2031 ($Million)
Table 30. U.S. Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 31. U.S. Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 32. U.S. Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 33. Canada Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 34. Canada Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 35. Canada Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 36. Mexico Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 37. Mexico Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 38. Mexico Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 39. Europe Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 40. Europe Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 41. Europe Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 42. Europe Behind the Meter Battery Energy Storage System Market, by End-user, 2021-2031 ($Million)
Table 43. Europe Battery Energy Storage System Market, by Country, 2021-2031 ($Million)
Table 44. U. K. Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 45. U. K. Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 46. U. K. Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 47. Germany Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 48. Germany Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 49. Germany Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 50. France Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 51. France Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 52. France Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 53. Italy Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 54. Italy Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 55. Italy Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 56. Spain Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 57. Spain Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 58. Spain Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 59. Russia Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 60. Russia Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 61. Russia Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 62. Netherlands Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 63. Netherlands Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 64. Netherlands Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 65. Belgium Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 66. Belgium Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 67. Belgium Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 68. Poland Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 69. Poland Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 70. Poland Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 71. Rest of Europe Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 72. Rest of Europe Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 73. Rest of Europe Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 74. Asia-Pacific Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 75. Asia-Pacific Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 76. Asia-Pacific Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 77. Asia-Pacific Behind the Meter Battery Energy Storage System Market, by End-user, 2021-2031 ($Million)
Table 78. Asia-Pacific Battery Energy Storage System Market, by Country, 2021-2031 ($Million)
Table 79. China Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 80. China Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 81. China Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 82. Japan Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 83. Japan Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 84. Japan Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 85. India Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 86. India Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 87. India Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 88. South Korea Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 89. South Korea Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 90. South Korea Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 91. Australia Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 92. Australia Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 93. Australia Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 94. Malaysia Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 95. Malaysia Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 96. Malaysia Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 97. Thailand Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 98. Thailand Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 99. Thailand Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 100. Philippines Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 101. Philippines Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 102. Philippines Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 103. Indonesia Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 104. Indonesia Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 105. Indonesia Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 106. Rest of Asia-Pacific Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 107. Rest of Asia-Pacific Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 108. Rest of Asia-Pacific Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 109. LAMEA Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 110. LAMEA Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 111. LAMEA Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 112. LAMEA Behind the Meter Battery Energy Storage System Market, by End-user, 2021-2031 ($Million)
Table 113. LAMEA Battery Energy Storage System Market, by Country, 2021-2031 ($Million)
Table 114. Latin America Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 115. Latin America Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 116. Latin America Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 117. Middle East Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 118. Middle East Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 119. Middle East Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 120. Africa Battery Energy Storage System Market, by Battery Type, 2021-2031 ($Million)
Table 121. Africa Battery Energy Storage System Market, by Connection Type, 2021-2031 ($Million)
Table 122. Africa Battery Energy Storage System Market, by Application, 2021-2031 ($Million)
Table 123. ABB: Company Snapshot
Table 124. ABB: Operating Segments
Table 125. ABB: Product Portfolio
Table 126. ABB: Net Sales
Table 127. ABB: Key Strategies
Table 128. Samsung Sdi Co. Ltd.: Company Snapshot
Table 129. Samsung Sdi Co. Ltd.: Operating Segments
Table 130. Samsung Sdi Co. Ltd.: Product Portfolio
Table 131. Samsung Sdi Co. Ltd.: Net Sales
Table 132. Samsung Sdi Co. Ltd.: Key Strategies
Table 133. Black & Veatch: Company Snapshot
Table 134. Black & Veatch: Operating Segments
Table 135. Black & Veatch: Product Portfolio
Table 136. Black & Veatch: Net Sales
Table 137. Black & Veatch: Key Strategies
Table 138. Byd Company Limited: Company Snapshot
Table 139. Byd Company Limited: Operating Segments
Table 140. Byd Company Limited: Product Portfolio
Table 141. Byd Company Limited: Net Sales
Table 142. Byd Company Limited: Key Strategies
Table 143. Enersys: Company Snapshot
Table 144. Enersys: Operating Segments
Table 145. Enersys: Product Portfolio
Table 146. Enersys: Net Sales
Table 147. Enersys: Key Strategies
Table 148. Eve Energy Co. Ltd.: Company Snapshot
Table 149. Eve Energy Co. Ltd.: Operating Segments
Table 150. Eve Energy Co. Ltd.: Product Portfolio
Table 151. Eve Energy Co. Ltd.: Net Sales
Table 152. Eve Energy Co. Ltd.: Key Strategies
Table 153. Fluence Corporation: Company Snapshot
Table 154. Fluence Corporation: Operating Segments
Table 155. Fluence Corporation: Product Portfolio
Table 156. Fluence Corporation: Net Sales
Table 157. Fluence Corporation: Key Strategies
Table 158. GE: Company Snapshot
Table 159. GE: Operating Segments
Table 160. GE: Product Portfolio
Table 161. GE: Net Sales
Table 162. GE: Key Strategies
Table 163. Kokam: Company Snapshot
Table 164. Kokam: Operating Segments
Table 165. Kokam: Product Portfolio
Table 166. Kokam: Net Sales
Table 167. Kokam: Key Strategies
Table 168. Lg Energy Solutions Co. Ltd.: Company Snapshot
Table 169. Lg Energy Solutions Co. Ltd.: Operating Segments
Table 170. Lg Energy Solutions Co. Ltd.: Product Portfolio
Table 171. Lg Energy Solutions Co. Ltd.: Net Sales
Table 172. Lg Energy Solutions Co. Ltd.: Key Strategies
Table 173. Narada: Company Snapshot
Table 174. Narada: Operating Segments
Table 175. Narada: Product Portfolio
Table 176. Narada: Net Sales
Table 177. Narada: Key Strategies
Table 178. Nissan: Company Snapshot
Table 179. Nissan: Operating Segments
Table 180. Nissan: Product Portfolio
Table 181. Nissan: Net Sales
Table 182. Nissan: Key Strategies
Table 183. Siemens Energy: Company Snapshot
Table 184. Siemens Energy: Operating Segments
Table 185. Siemens Energy: Product Portfolio
Table 186. Siemens Energy: Net Sales
Table 187. Siemens Energy: Key Strategies
Table 188. Tata Power: Company Snapshot
Table 189. Tata Power: Operating Segments
Table 190. Tata Power: Product Portfolio
Table 191. Tata Power: Net Sales
Table 192. Tata Power: Key Strategies
Table 193. Total: Company Snapshot
Table 194. Total: Operating Segments
Table 195. Total: Product Portfolio
Table 196. Total: Net Sales
Table 197. Total: Key Strategies
Table 198. Tesla: Company Snapshot
Table 199. Tesla: Operating Segments
Table 200. Tesla: Product Portfolio
Table 201. Tesla: Net Sales
Table 202. Tesla: Key Strategies
Table 203. Vrb Energy: Company Snapshot
Table 204. Vrb Energy: Operating Segments
Table 205. Vrb Energy: Product Portfolio
Table 206. Vrb Energy: Net Sales
Table 207. Vrb Energy: Key Strategies

List of Figures
Figure 1. Battery Energy Storage System Market Segmentation
Figure 2. Battery Energy Storage System Market, 2021-2031
Figure 3. Battery Energy Storage System Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Battery Energy Storage System Mark.:Drivers, Restraints and Opportunities
Figure 12. Battery Energy Storage System Market, By Battery Type, 2021(%)
Figure 13. Comparative Share Analysis of Lithium Ion Battery Energy Storage System Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Lead Acid Battery Energy Storage System Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Flow Batteries Battery Energy Storage System Market, 2021-2031(%)
Figure 16. Comparative Share Analysis of Others Battery Energy Storage System Market, 2021-2031(%)
Figure 17. Battery Energy Storage System Market, By Connection Type, 2021(%)
Figure 18. Comparative Share Analysis of on Grid Battery Energy Storage System Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Off Grid Battery Energy Storage System Market, 2021-2031(%)
Figure 20. Battery Energy Storage System Market, By Application, 2021(%)
Figure 21. Comparative Share Analysis of Front of the Meter Battery Energy Storage System Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Behind the Meter Battery Energy Storage System Market, 2021-2031(%)
Figure 23. Battery Energy Storage System Market by Region, 2021
Figure 24. U.S. Battery Energy Storage System Market, 2021-2031($Million)
Figure 25. Canada Battery Energy Storage System Market, 2021-2031($Million)
Figure 26. Mexico Battery Energy Storage System Market, 2021-2031($Million)
Figure 27. U.K. Battery Energy Storage System Market, 2021-2031($Million)
Figure 28. Germany Battery Energy Storage System Market, 2021-2031($Million)
Figure 29. France Battery Energy Storage System Market, 2021-2031($Million)
Figure 30. Italy Battery Energy Storage System Market, 2021-2031($Million)
Figure 31. Spain Battery Energy Storage System Market, 2021-2031($Million)
Figure 32. Russia Battery Energy Storage System Market, 2021-2031($Million)
Figure 33. Netherlands Battery Energy Storage System Market, 2021-2031($Million)
Figure 34. Belgium Battery Energy Storage System Market, 2021-2031($Million)
Figure 35. Poland Battery Energy Storage System Market, 2021-2031($Million)
Figure 36. Rest of Europe Battery Energy Storage System Market, 2021-2031($Million)
Figure 37. China Battery Energy Storage System Market, 2021-2031($Million)
Figure 38. Japan Battery Energy Storage System Market, 2021-2031($Million)
Figure 39. India Battery Energy Storage System Market, 2021-2031($Million)
Figure 40. South Korea Battery Energy Storage System Market, 2021-2031($Million)
Figure 41. Australia Battery Energy Storage System Market, 2021-2031($Million)
Figure 42. Malaysia Battery Energy Storage System Market, 2021-2031($Million)
Figure 43. Thailand Battery Energy Storage System Market, 2021-2031($Million)
Figure 44. Philippines Battery Energy Storage System Market, 2021-2031($Million)
Figure 45. Indonesia Battery Energy Storage System Market, 2021-2031($Million)
Figure 46. Rest of Asia-Pacific Battery Energy Storage System Market, 2021-2031($Million)
Figure 47. Latin America Battery Energy Storage System Market, 2021-2031($Million)
Figure 48. Middle East Battery Energy Storage System Market, 2021-2031($Million)
Figure 49. Africa Battery Energy Storage System Market, 2021-2031($Million)
Figure 50. Top Winning Strategies, by Year
Figure 51. Top Winning Strategies, by Development
Figure 52. Top Winning Strategies, by Company
Figure 53. Product Mapping of Top 10 Players
Figure 54. Competitive Dashboard
Figure 55. Competitive Heatmap of Top 10 Key Players
Figure 56. Ab.: Net Sales, ($Million)
Figure 57. Samsung Sdi Co. Ltd.: Net Sales, ($Million)
Figure 58. Black & Veatc.: Net Sales, ($Million)
Figure 59. Byd Company Limite.: Net Sales, ($Million)
Figure 60. Enersy.: Net Sales, ($Million)
Figure 61. Eve Energy Co. Ltd.: Net Sales, ($Million)
Figure 62. Fluence Corporatio.: Net Sales, ($Million)
Figure 63. G.: Net Sales, ($Million)
Figure 64. Koka.: Net Sales, ($Million)
Figure 65. Lg Energy Solutions Co. Ltd.: Net Sales, ($Million)
Figure 66. Narad.: Net Sales, ($Million)
Figure 67. Nissa.: Net Sales, ($Million)
Figure 68. Siemens Energ.: Net Sales, ($Million)
Figure 69. Tata Powe.: Net Sales, ($Million)
Figure 70. Tota.: Net Sales, ($Million)
Figure 71. Tesl.: Net Sales, ($Million)
Figure 72. Vrb Energ.: Net Sales, ($Million)

Executive Summary

A battery energy storage system is a technology developed for storing electric charge by using specially developed batteries. The main purpose of the system is to store energy can be utilized at a later time. Battery energy storage system has advantage over other energy storage technologies as it has small footprint and no restrictions on geographical locations that it could be located in. Other storage technologies including pumped hydro storage (PHS) and compressed air energy storage (CAES) are only suitable for limited number of locations, considering water and other restrictions and transmission constraints.

The growth of the battery energy storage system market is majorly driven by increasing demand for energy resources across developed and developing nations along with the increasing concerns to ensure energy security. Moreover, the battery energy storage systems are becoming an integral part of grid modernization as they help grid operators to save electricity when the electricity generated exceeds the electricity demand. However, high capital expenditure required for installing battery energy storage systems is restraining factor for the growth of the market. On the contrary, significant fall in prices of lithium-ion batteries and the rise in number of rural electrification projects worldwide are anticipated to provide lucrative opportunities for the battery energy storage system industry during the forecast period.

According to battery energy storage system market analysis, the lithium ion segment was the highest contributor to the market in 2021 and is expected to follow the same trend during the forecasted period. The on grid segment accounted for around 57.5% market share in 2021. Surge in adoption of Internet of Things solution and digital electronics solution has driven the growth of the lithium ion segment and thereby, expanding the battery energy storage system market growth.

The outbreak of the COVID-19 has significantly impacted the growth of the battery energy storage system.

Decline in demand for battery energy storage system has significantly impacted the demand for energy storage solutions during the pandemic. Further, lack of availability of a professional workforce due to partial and complete lockdown implemented by governments across the globe has restrained the growth of the battery energy storage system market during the pandemic. However, rise in demand for Internet of Things and machine learning solution has led to the growth of the battery energy storage system market size post pandemic.

The battery energy storage system market key players profiled in the report include EnerSys, BYD Company Limited, EVE Energy Co., Ltd., Siemens AG, LG Energy Solutions Co., Ltd., Kokam, Narada Asia Pacific Pte. Ltd., ABB Ltd., Tesla, Fluence Energy, Inc., General Electric, TotalEnergies, Tata Power Company Limited, Samsung SDI Co., Ltd., Nissan Motor Co., Ltd., VRB Energy and Black & Veatch Holding Company. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the battery energy storage system market.

Key Findings of the Study

  • In 2021, the lithium ion segment accounted for maximum revenue, and is projected to grow at a notable CAGR of 21.15% during the forecast period.
  • The on grid segment accounted for around 57.5% of the battery energy storage system market trends in 2021.
  • The behind the meter segment is projected to growth at a CAGR of 20.65% during the forecast period.
  • Asia-Pacific region contributed for the major Battery Energy Storage System Market Share in 2021.
  • Key players profiled in the report include EnerSys, BYD Company Limited, EVE Energy Co., Ltd., Siemens AG, LG Energy Solutions Co., Ltd., Kokam, Narada Asia Pacific Pte. Ltd., ABB Ltd., Tesla, Fluence Energy, Inc., General Electric, TotalEnergies, Tata Power Company Limited, Samsung SDI Co., Ltd., Nissan Motor Co., Ltd., VRB Energy and Black & Veatch Holding Company. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the consumer product safety testing market.

Companies Mentioned

  • ABB
  • SAMSUNG SDI Co., Ltd.
  • Black & Veatch
  • BYD Company Limited
  • Enersys
  • EVE Energy Co., Ltd.
  • Fluence Corporation
  • GE
  • Kokam
  • LG Energy Solutions Co., Ltd.
  • Narada
  • Nissan
  • Siemens Energy
  • Tata Power
  • Total
  • Tesla
  • VRB Energy

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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