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The energy storage systems market in europe is forecasted to grow by USD 31.04 billion during 2024-2029, accelerating at a CAGR of 26.8% 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.Speak directly to the analyst to clarify any post sales queries you may have.
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 and industrial
By Type
- Batteries
- Pumped storage hydroelectricity
- Thermal energy storage
- Flywheel energy storage
By Geographical Landscape
- Europe
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 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 report 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 primary and secondary research. 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 accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized 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, Enel SPA, Fluence Energy LLC, GS Yuasa International Ltd., Iberdrola SA, Innovo Renewables S.p.a., Invinity Energy Systems plc, LG Energy Solution Ltd., Neoen, Panasonic Holdings Corp., RWE AG, Saft Groupe SAS, Samsung SDI Co. Ltd., SSE Plc, Toshiba Corp., TransnetBW GmbH, 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
- Enel SPA
- Fluence Energy LLC
- GS Yuasa International Ltd.
- Iberdrola SA
- Innovo Renewables S.p.a.
- Invinity Energy Systems plc
- LG Energy Solution Ltd.
- Neoen
- Panasonic Holdings Corp.
- RWE AG
- Saft Groupe SAS
- Samsung SDI Co. Ltd.
- SSE Plc
- Toshiba Corp.
- TransnetBW GmbH
- Wartsila Corp.
