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Battery for Energy Storage Systems (ESS) Market 2025-2029

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    Report

  • 204 Pages
  • December 2024
  • Region: Global
  • TechNavio
  • ID: 6037101
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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.

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
This study identifies the increased adoption of microgrids as one of the prime reasons driving the battery for energy storage systems (ESS) market growth during the next few years. Also, declining costs of battery storage systems and requirement of continuous power supply in data centers will lead to sizable demand in the market.

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
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading battery for energy storage systems (ESS) market vendors that include 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. Also, the battery for energy storage systems (ESS) market 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 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
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Market Segmentation by Connectivity
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Battery For Energy Storage Systems (ESS) Market 2019 - 2023
Historic Market Size - Data Table on Global Battery For Energy Storage Systems (ESS) Market 2019 - 2023 ($ million)
5.2 Technology segment analysis 2019 - 2023
Historic Market Size - Technology Segment 2019 - 2023 ($ million)
5.3 Connectivity segment analysis 2019 - 2023
Historic Market Size - Connectivity Segment 2019 - 2023 ($ million)
5.4 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.5 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on the Global Battery for Energy Storage Systems (ESS) Market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Technology
8.1 Market segments
Chart on Technology - Market share 2024-2029 (%)
Data Table on Technology - Market share 2024-2029 (%)
8.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
8.3 Lithium-ion batteries - Market size and forecast 2024-2029
Chart on Lithium-ion batteries - Market size and forecast 2024-2029 ($ million)
Data Table on Lithium-ion batteries - Market size and forecast 2024-2029 ($ million)
Chart on Lithium-ion batteries - Year-over-year growth 2024-2029 (%)
Data Table on Lithium-ion batteries - Year-over-year growth 2024-2029 (%)
8.4 Flow batteries - Market size and forecast 2024-2029
Chart on Flow batteries - Market size and forecast 2024-2029 ($ million)
Data Table on Flow batteries - Market size and forecast 2024-2029 ($ million)
Chart on Flow batteries - Year-over-year growth 2024-2029 (%)
Data Table on Flow batteries - Year-over-year growth 2024-2029 (%)
8.5 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by Technology
Market opportunity by Technology ($ million)
Data Table on Market opportunity by Technology ($ million)
9 Market Segmentation by Connectivity
9.1 Market segments
Chart on Connectivity - Market share 2024-2029 (%)
Data Table on Connectivity - Market share 2024-2029 (%)
9.2 Comparison by Connectivity
Chart on Comparison by Connectivity
Data Table on Comparison by Connectivity
9.3 On-grid - Market size and forecast 2024-2029
Chart on On-grid - Market size and forecast 2024-2029 ($ million)
Data Table on On-grid - Market size and forecast 2024-2029 ($ million)
Chart on On-grid - Year-over-year growth 2024-2029 (%)
Data Table on On-grid - Year-over-year growth 2024-2029 (%)
9.4 Off-grid - Market size and forecast 2024-2029
Chart on Off-grid - Market size and forecast 2024-2029 ($ million)
Data Table on Off-grid - Market size and forecast 2024-2029 ($ million)
Chart on Off-grid - Year-over-year growth 2024-2029 (%)
Data Table on Off-grid - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Connectivity
Market opportunity by Connectivity ($ million)
Data Table on Market opportunity by Connectivity ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
11.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
11.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
11.3 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
11.4 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
11.5 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
11.6 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
11.7 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
11.8 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
11.9 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
11.10 Australia - Market size and forecast 2024-2029
Chart on Australia - Market size and forecast 2024-2029 ($ million)
Data Table on Australia - Market size and forecast 2024-2029 ($ million)
Chart on Australia - Year-over-year growth 2024-2029 (%)
Data Table on Australia - Year-over-year growth 2024-2029 (%)
11.11 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
11.12 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
11.13 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
11.14 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
11.15 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
11.16 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
11.17 Italy - Market size and forecast 2024-2029
Chart on Italy - Market size and forecast 2024-2029 ($ million)
Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Chart on Italy - Year-over-year growth 2024-2029 (%)
Data Table on Italy - Year-over-year growth 2024-2029 (%)
11.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
Companies covered
14.2 Company ranking index
Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 dSPACE GmbH
dSPACE GmbH - Overview
dSPACE GmbH - Product / Service
dSPACE GmbH - Key offerings
SWOT
14.5 General Electric Co.
General Electric Co. - Overview
General Electric Co. - Business segments
General Electric Co. - Key news
General Electric Co. - Key offerings
General Electric Co. - Segment focus
SWOT
14.6 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
SWOT
14.7 LG Corp.
LG Corp. - Overview
LG Corp. - Product / Service
LG Corp. - Key offerings
SWOT
14.8 Mitsubishi Heavy Industries Ltd.
Mitsubishi Heavy Industries Ltd. - Overview
Mitsubishi Heavy Industries Ltd. - Business segments
Mitsubishi Heavy Industries Ltd. - Key news
Mitsubishi Heavy Industries Ltd. - Key offerings
Mitsubishi Heavy Industries Ltd. - Segment focus
SWOT
14.9 NEC Corp.
NEC Corp. - Overview
NEC Corp. - Business segments
NEC Corp. - Key news
NEC Corp. - Key offerings
NEC Corp. - Segment focus
SWOT
14.10 Panasonic Holdings Corp.
Panasonic Holdings Corp. - Overview
Panasonic Holdings Corp. - Business segments
Panasonic Holdings Corp. - Key news
Panasonic Holdings Corp. - Key offerings
Panasonic Holdings Corp. - Segment focus
SWOT
14.11 Philadelphia Scientific LLC
Philadelphia Scientific LLC - Overview
Philadelphia Scientific LLC - Product / Service
Philadelphia Scientific LLC - Key offerings
SWOT
14.12 Samsung SDI Co. Ltd.
Samsung SDI Co. Ltd. - Overview
Samsung SDI Co. Ltd. - Business segments
Samsung SDI Co. Ltd. - Key offerings
Samsung SDI Co. Ltd. - Segment focus
SWOT
14.13 Siemens Energy AG
Siemens Energy AG - Overview
Siemens Energy AG - Business segments
Siemens Energy AG - Key news
Siemens Energy AG - Key offerings
Siemens Energy AG - Segment focus
SWOT
14.14 SolarEdge Technologies Inc.
SolarEdge Technologies Inc. - Overview
SolarEdge Technologies Inc. - Product / Service
SolarEdge Technologies Inc. - Key news
SolarEdge Technologies Inc. - Key offerings
SWOT
14.15 TDK Corp.
TDK Corp. - Overview
TDK Corp. - Business segments
TDK Corp. - Key news
TDK Corp. - Key offerings
TDK Corp. - Segment focus
SWOT
14.16 Tesla Inc.
Tesla Inc. - Overview
Tesla Inc. - Business segments
Tesla Inc. - Key news
Tesla Inc. - Key offerings
Tesla Inc. - Segment focus
SWOT
14.17 The AES Corp.
The AES Corp. - Overview
The AES Corp. - Business segments
The AES Corp. - Key offerings
The AES Corp. - Segment focus
SWOT
14.18 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Business segments
Toshiba Corp. - Key news
Toshiba Corp. - Key offerings
Toshiba Corp. - Segment focus
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
Research methodology
15.5 Data procurement
Information sources
15.6 Data validation
Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations
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 Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Technology
Exhibits 6: Executive Summary - Chart on Market Segmentation by Connectivity
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Company Market Positioning
Exhibits 10: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 11: Overview on criticality of inputs and factors of differentiation
Exhibits 12: Overview on factors of disruption
Exhibits 13: Impact of drivers and challenges in 2024 and 2029
Exhibits 14: Parent Market
Exhibits 15: Data Table on - Parent Market
Exhibits 16: Market characteristics analysis
Exhibits 17: Value chain analysis
Exhibits 18: Offerings of companies included in the market definition
Exhibits 19: Market segments
Exhibits 20: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 21: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 22: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 23: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 24: Historic Market Size - Data Table on Global Battery For Energy Storage Systems (ESS) Market 2019 - 2023 ($ million)
Exhibits 25: Historic Market Size - Technology Segment 2019 - 2023 ($ million)
Exhibits 26: Historic Market Size - Connectivity Segment 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 29: Five forces analysis - Comparison between 2024 and 2029
Exhibits 30: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 31: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 32: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 33: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 34: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 35: Chart on Market condition - Five forces 2024 and 2029
Exhibits 36: Chart on Technology - Market share 2024-2029 (%)
Exhibits 37: Data Table on Technology - Market share 2024-2029 (%)
Exhibits 38: Chart on Comparison by Technology
Exhibits 39: Data Table on Comparison by Technology
Exhibits 40: Chart on Lithium-ion batteries - Market size and forecast 2024-2029 ($ million)
Exhibits 41: Data Table on Lithium-ion batteries - Market size and forecast 2024-2029 ($ million)
Exhibits 42: Chart on Lithium-ion batteries - Year-over-year growth 2024-2029 (%)
Exhibits 43: Data Table on Lithium-ion batteries - Year-over-year growth 2024-2029 (%)
Exhibits 44: Chart on Flow batteries - Market size and forecast 2024-2029 ($ million)
Exhibits 45: Data Table on Flow batteries - Market size and forecast 2024-2029 ($ million)
Exhibits 46: Chart on Flow batteries - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on Flow batteries - Year-over-year growth 2024-2029 (%)
Exhibits 48: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 49: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 51: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 52: Market opportunity by Technology ($ million)
Exhibits 53: Data Table on Market opportunity by Technology ($ million)
Exhibits 54: Chart on Connectivity - Market share 2024-2029 (%)
Exhibits 55: Data Table on Connectivity - Market share 2024-2029 (%)
Exhibits 56: Chart on Comparison by Connectivity
Exhibits 57: Data Table on Comparison by Connectivity
Exhibits 58: Chart on On-grid - Market size and forecast 2024-2029 ($ million)
Exhibits 59: Data Table on On-grid - Market size and forecast 2024-2029 ($ million)
Exhibits 60: Chart on On-grid - Year-over-year growth 2024-2029 (%)
Exhibits 61: Data Table on On-grid - Year-over-year growth 2024-2029 (%)
Exhibits 62: Chart on Off-grid - Market size and forecast 2024-2029 ($ million)
Exhibits 63: Data Table on Off-grid - Market size and forecast 2024-2029 ($ million)
Exhibits 64: Chart on Off-grid - Year-over-year growth 2024-2029 (%)
Exhibits 65: Data Table on Off-grid - Year-over-year growth 2024-2029 (%)
Exhibits 66: Market opportunity by Connectivity ($ million)
Exhibits 67: Data Table on Market opportunity by Connectivity ($ million)
Exhibits 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 69: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 70: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 71: Chart on Geographic comparison
Exhibits 72: Data Table on Geographic comparison
Exhibits 73: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 74: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 75: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 76: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 77: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 78: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 79: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 80: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 81: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 82: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 83: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 84: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 85: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 86: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 87: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 88: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 89: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 90: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 91: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 92: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 93: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 94: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 95: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 96: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 97: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 98: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 99: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 100: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 101: Chart on Australia - Market size and forecast 2024-2029 ($ million)
Exhibits 102: Data Table on Australia - Market size and forecast 2024-2029 ($ million)
Exhibits 103: Chart on Australia - Year-over-year growth 2024-2029 (%)
Exhibits 104: Data Table on Australia - Year-over-year growth 2024-2029 (%)
Exhibits 105: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 106: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 107: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 108: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 109: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 110: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 111: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 112: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 113: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 114: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 115: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 118: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 119: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on France - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on France - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on Italy - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 133: Market opportunity By Geographical Landscape ($ million)
Exhibits 134: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 135: Impact of drivers and challenges in 2024 and 2029
Exhibits 136: Overview on criticality of inputs and factors of differentiation
Exhibits 137: Overview on factors of disruption
Exhibits 138: Impact of key risks on business
Exhibits 139: Companies covered
Exhibits 140: Company ranking index
Exhibits 141: Matrix on companies position and classification
Exhibits 142: dSPACE GmbH - Overview
Exhibits 143: dSPACE GmbH - Product / Service
Exhibits 144: dSPACE GmbH - Key offerings
Exhibits 145: SWOT
Exhibits 146: General Electric Co. - Overview
Exhibits 147: General Electric Co. - Business segments
Exhibits 148: General Electric Co. - Key news
Exhibits 149: General Electric Co. - Key offerings
Exhibits 150: General Electric Co. - Segment focus
Exhibits 151: SWOT
Exhibits 152: Hitachi Ltd. - Overview
Exhibits 153: Hitachi Ltd. - Business segments
Exhibits 154: Hitachi Ltd. - Key news
Exhibits 155: Hitachi Ltd. - Key offerings
Exhibits 156: Hitachi Ltd. - Segment focus
Exhibits 157: SWOT
Exhibits 158: LG Corp. - Overview
Exhibits 159: LG Corp. - Product / Service
Exhibits 160: LG Corp. - Key offerings
Exhibits 161: SWOT
Exhibits 162: Mitsubishi Heavy Industries Ltd. - Overview
Exhibits 163: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibits 164: Mitsubishi Heavy Industries Ltd. - Key news
Exhibits 165: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibits 166: Mitsubishi Heavy Industries Ltd. - Segment focus
Exhibits 167: SWOT
Exhibits 168: NEC Corp. - Overview
Exhibits 169: NEC Corp. - Business segments
Exhibits 170: NEC Corp. - Key news
Exhibits 171: NEC Corp. - Key offerings
Exhibits 172: NEC Corp. - Segment focus
Exhibits 173: SWOT
Exhibits 174: Panasonic Holdings Corp. - Overview
Exhibits 175: Panasonic Holdings Corp. - Business segments
Exhibits 176: Panasonic Holdings Corp. - Key news
Exhibits 177: Panasonic Holdings Corp. - Key offerings
Exhibits 178: Panasonic Holdings Corp. - Segment focus
Exhibits 179: SWOT
Exhibits 180: Philadelphia Scientific LLC - Overview
Exhibits 181: Philadelphia Scientific LLC - Product / Service
Exhibits 182: Philadelphia Scientific LLC - Key offerings
Exhibits 183: SWOT
Exhibits 184: Samsung SDI Co. Ltd. - Overview
Exhibits 185: Samsung SDI Co. Ltd. - Business segments
Exhibits 186: Samsung SDI Co. Ltd. - Key offerings
Exhibits 187: Samsung SDI Co. Ltd. - Segment focus
Exhibits 188: SWOT
Exhibits 189: Siemens Energy AG - Overview
Exhibits 190: Siemens Energy AG - Business segments
Exhibits 191: Siemens Energy AG - Key news
Exhibits 192: Siemens Energy AG - Key offerings
Exhibits 193: Siemens Energy AG - Segment focus
Exhibits 194: SWOT
Exhibits 195: SolarEdge Technologies Inc. - Overview
Exhibits 196: SolarEdge Technologies Inc. - Product / Service
Exhibits 197: SolarEdge Technologies Inc. - Key news
Exhibits 198: SolarEdge Technologies Inc. - Key offerings
Exhibits 199: SWOT
Exhibits 200: TDK Corp. - Overview
Exhibits 201: TDK Corp. - Business segments
Exhibits 202: TDK Corp. - Key news
Exhibits 203: TDK Corp. - Key offerings
Exhibits 204: TDK Corp. - Segment focus
Exhibits 205: SWOT
Exhibits 206: Tesla Inc. - Overview
Exhibits 207: Tesla Inc. - Business segments
Exhibits 208: Tesla Inc. - Key news
Exhibits 209: Tesla Inc. - Key offerings
Exhibits 210: Tesla Inc. - Segment focus
Exhibits 211: SWOT
Exhibits 212: The AES Corp. - Overview
Exhibits 213: The AES Corp. - Business segments
Exhibits 214: The AES Corp. - Key offerings
Exhibits 215: The AES Corp. - Segment focus
Exhibits 216: SWOT
Exhibits 217: Toshiba Corp. - Overview
Exhibits 218: Toshiba Corp. - Business segments
Exhibits 219: Toshiba Corp. - Key news
Exhibits 220: Toshiba Corp. - Key offerings
Exhibits 221: Toshiba Corp. - Segment focus
Exhibits 222: SWOT
Exhibits 223: Inclusions checklist
Exhibits 224: Exclusions checklist
Exhibits 225: Currency conversion rates for US$
Exhibits 226: Research methodology
Exhibits 227: Information sources
Exhibits 228: Data validation
Exhibits 229: Validation techniques employed for market sizing
Exhibits 230: Data synthesis
Exhibits 231: 360 degree market analysis
Exhibits 232: List of abbreviations

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.