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The battery for energy storage systems (ESS) market is forecasted to grow by USD 22.17 billion during 2024-2029, accelerating at a CAGR of 23.8% during the forecast period. The report on the battery for energy storage systems (ESS) market 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 changing energy mix from fossil fuels to sustainable and renewable energy resources, increased need for backup power, and increasing economic benefits of ess.
The battery for energy storage systems (ESS) market is segmented as below:
By Technology
- Lithium-ion batteries
- Flow batteries
- Others
By Connectivity
- On-grid
- Off-grid
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the battery for energy storage systems (ESS) market covers the following areas:
- Battery For Energy Storage Systems (ESS) Market sizing
- Battery For Energy Storage Systems (ESS) Market forecast
- Battery For Energy Storage Systems (ESS) Market 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 Technology
9 Market Segmentation by Connectivity
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 global battery for energy storage systems (ESS) market: ABB Ltd., AEG Power Solutions BV, Corvus Energy, dSPACE GmbH, East Penn Manufacturing Co. Inc., Exergonix Inc., General Electric Co., Hitachi Ltd., LG Corp., Mitsubishi Heavy Industries Ltd., NEC Corp., Panasonic Holdings Corp., Philadelphia Scientific LLC, Samsung SDI Co. Ltd., Siemens Energy AG, SolarEdge Technologies Inc., TDK Corp., Tesla Inc., The AES Corp., and Toshiba 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."
According to the report, one of the major drivers for this market is the changing energy mix from fossil fuels to sustainable and renewable energy resources.
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:
- ABB Ltd.
- AEG Power Solutions BV
- Corvus Energy
- dSPACE GmbH
- East Penn Manufacturing Co. Inc.
- Exergonix Inc.
- General Electric Co.
- Hitachi Ltd.
- LG Corp.
- Mitsubishi Heavy Industries Ltd.
- NEC Corp.
- Panasonic Holdings Corp.
- Philadelphia Scientific LLC
- Samsung SDI Co. Ltd.
- Siemens Energy AG
- SolarEdge Technologies Inc.
- TDK Corp.
- Tesla Inc.
- The AES Corp.
- Toshiba Corp.
