Market Scenario
Battery Energy Storage Systems (BESS) Market is expected to propel US$ XX Mn by 2026 in terms of value with CAGR of XX% in the forecasting period 2018-2026. Battery energy storage systems are used to store the electricity generated by power plants, especially renewable power plants. The Battery Energy Storage Systems (BESS) Market is primarily used to reduce peak demand charges integrate renewable source, regulate voltage, and frequency, and provide backup power supply. The major drivers for the growth of the Battery Energy Storage Systems (BESS) Market include the increase in demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries. The increasing trend of replacing sodium-sulfur battery by lithium-ion battery on account of cost-effectiveness and energy efficiency were prime drivers of growth in the Battery Energy Storage Systems (BESS) Market and this trend is expected to continue over the next few years. The battery energy storage systems market is driven by economies of scale and proprietary systems. The rising share of renewable energy sources has necessitated the need for adoption of Battery Energy Storage Systems (BESS) Market.Battery Energy Storage Systems (BESS) Market can be segmented by element, battery type, connection type, ownership, application, and region. Based on battery type, the lithium-ion batteries are expected to hold the largest share of the Battery Energy Storage Systems (BESS) Market between 2018 and 2026. The lithium-ion batteries have very high energy and power densities, which leads to lower weight with low standby losses, and high life expectancy. By ownership, the customer-owned battery energy storage systems help reduce the electricity cost, as electricity is charged under the time-of-use (TOU) tariff. In terms connection type, the on-grid battery energy storage systems use the utility grids for supplying electricity to consumers, which also helps reduce the energy bills. By application, a rise in demand in the residential sector is creating growth opportunities for the Battery Energy Storage Systems (BESS) Market. On the basis of region, North America is expected to hold the largest share of the Battery Energy Storage Systems (BESS) Market between 2018 and 2026. The growth of the North American market is attributed to high demand for these systems from the utility and residential sectors in this region. Some of the major key players in the Battery Energy Storage Systems (BESS) Market are ABB, LG Chem, NEC, Panasonic, and Samsung SDI.
Market Scope Battery Energy Storage Systems (BESS) Market:
Battery energy storage systems (BESS) market, By Element
• Battery • HardwareBattery energy storage systems (BESS) market, By Battery type
• Lithium-Ion • Advanced Lead Acid • Flow Batteries • Sodium SulphurBattery energy storage systems (BESS) market, By Connection Type
• On-Grid • Off-GridBattery energy storage systems (BESS) market, By Ownership
• Utility Owned • Customer Owned • Third-Party OwnedBattery energy storage systems (BESS) market, By Application
• Residential • Non-Residential • UtilityBattery energy storage systems (BESS) market, By Geography
• North America • Europe • Asia-Pacific • Middle East & Africa • Latin AmericaKey Players operating in the Battery Energy Storage Systems (BESS) Market:
• ABB • LG Chem • NEC • Panasonic • Samsung SDI • AES Energy Storage • General Electric • Beckett Energy Systems • ZBB Energy • Altair Nanotechnologies • Zest Energy • GS Yuasa • Exide Technologies • SAFT • Toshiba • Siemens • BYD Company • Hitachi • NGK Insulators • AEG Power Solutions • China BAK Batteries • Nippon Chemi-Con Corporation • Furukawa Battery Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the current Battery Energy Storage Systems (BESS) Market outlook. TherReport encompasses the Battery Energy Storage Systems (BESS) Market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Battery Energy Storage Systems (BESS) Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Battery Energy Storage Systems (BESS) Market positioning of competitors.
Table of Contents
Battery Energy Storage Systems (BESS) Market
1. BATTERY ENERGY STORAGE SYSTEMS (BESS) INTRODUCTION 1.1 Battery Energy Storage Systems Report Description 1.1.1 Battery Energy Storage Systems Objectives of the Study 1.1.2 Battery Energy Storage Systems Market Scope 1.1.3 Battery Energy Storage Systems Years considered in the study 1.1.4 Battery Energy Storage Systems Currency 1.1.5 Battery Energy Storage Systems Stakeholders 1.2 Battery Energy Storage Systems Target Audience 1.3 Battery Energy Storage Systems Key Takeaways 2. BATTERY ENERGY STORAGE SYSTEMS (BESS) RESEARCH METHODOLOGY 2.1 Battery Energy Storage Systems Research Methodology 2.2 Battery Energy Storage Systems Market Definition 2.3 Battery Energy Storage Systems Assumptions and Acronyms Used 2.4 Battery Energy Storage Systems Data Sources 2.4.1 Secondary 2.4.1.1 Paid 2.4.1.2 Unpaid 2.4.2 Primary 2.5 Battery Energy Storage Systems Analyst tools and models 3. BATTERY ENERGY STORAGE SYSTEMS (BESS) EXECUTIVE SUMMARY 3.1 Battery Energy Storage Systems Market Overview 3.1.1 Battery Energy Storage Systems By Element 3.1.2 Battery Energy Storage Systems By Battery type 3.1.3 Battery Energy Storage Systems By Connection Type 3.1.4 Battery Energy Storage Systems By Ownership 3.1.5 Battery Energy Storage Systems By Application 3.1.6 Battery Energy Storage Systems By Geography 4. BATTERY ENERGY STORAGE SYSTEMS (BESS) HISTORICAL PERSPECTIVE AND CURRENT TRENDS 4.1 Battery Energy Storage Systems Market 4.1.1 Emergence and Evolution 4.1.2 Technological Transformations 4.1.3 Battery Energy Storage Systems Market by Region 4.1.3.1 North America Battery Energy Storage Systems Market 4.1.3.1.1 Key Economic Indicators 4.1.3.1.1.1 Country wise GDP Growth Forecast 4.1.3.1.1.1.1 USA 4.1.3.1.1.1.2 Canada 4.1.3.2 Europe Battery Energy Storage Systems Market 4.1.3.2.1 Key Economic Indicators 4.1.3.2.1.1 Country wise GDP Growth Forecast 4.1.3.2.1.1.1 Germany 4.1.3.2.1.1.2 U.K 4.1.3.2.1.1.3 France 4.1.3.2.1.1.4 Russia 4.1.3.2.1.1.5 Spain 4.1.3.2.1.1.6 Others 4.1.3.3 Asia Pacific Battery Energy Storage Systems Market 4.1.3.3.1 Key Economic Indicators 4.1.3.3.1.1 Country wise GDP Growth Forecast 4.1.3.3.1.1.1 China 4.1.3.3.1.1.2 India 4.1.3.3.1.1.3 Japan 4.1.3.3.1.1.4 South Korea 4.1.3.3.1.1.5 Others 4.1.3.4 Latin America, Africa and Middle East Battery Energy Storage Systems Market 4.1.3.4.1 Key Economic Indicators 4.1.3.4.1.1 Country wise GDP Growth Forecast 4.1.3.4.1.1.1 Brazil 4.1.3.4.1.1.2 South Africa 4.1.3.4.1.1.3 Saudi Arabia 4.1.3.4.1.1.4 UAE 4.1.3.4.1.1.5 Others 5. BATTERY ENERGY STORAGE SYSTEMS MARKET 5.1 Battery Energy Storage Systems Market Definition, Segmentation and Scope of Study 5.2 Battery Energy Storage Systems Market Dynamics 5.2.1 Battery Energy Storage Systems Drivers 5.2.2 Battery Energy Storage Systems Restraints 5.2.3 Battery Energy Storage Systems Opportunities 5.3 Battery Energy Storage Systems Competitive Analysis 5.3.1 Battery Energy Storage Systems Key Strategic Initiatives 5.3.2 Battery Energy Storage Systems Regional Presence 5.3.3 Battery Energy Storage Systems Product Overview 5.4 Battery Energy Storage Systems Porter’s Analysis 5.5 Battery Energy Storage Systems PESTEL Analysis 5.6 Battery Energy Storage Systems Product Benchmark Analysis 5.7 Battery Energy Storage Systems Company Market Share Analysis 5.8 Battery Energy Storage Systems Key Findings 5.8.1 Battery Energy Storage Systems Top Wining Strategies 5.8.2 Battery Energy Storage Systems Top Investment Pockets 5.8.3 Battery Energy Storage Systems Top Impacting Factors 6. BATTERY ENERGY STORAGE SYSTEMS MARKET , BY ELEMENT 6.1 Battery Energy Storage Systems Market : Element segment Market Share analysis 6.2 Battery Energy Storage Systems Market : Element segment Market Size and Forecast 2017-2026 6.3 Battery 6.4 Battery Energy Storage Systems Hardware 6.5 Battery Energy Storage Systems Market Benchmarking By Element 6.6 Battery Energy Storage Systems Market by Element : Key Trends 6.7 Battery Energy Storage Systems Market by Element : Key Developments 7. BATTERY ENERGY STORAGE SYSTEMS MARKET , BY BATTERY TYPE 7.1 Battery Energy Storage Systems Market : Battery type segment Market Share Analysis 7.2 Battery Energy Storage Systems Market : Battery type segment Market Size and Forecast 2017-2026 7.3 Battery Energy Storage Systems Lithium-Ion 7.4 Battery Energy Storage Systems Advanced Lead Acid 7.5 Battery Energy Storage Systems Flow Batteries 7.6 Battery Energy Storage Systems Sodium Sulphur 7.7 Battery Energy Storage Systems Market Benchmarking By Battery type 7.8 Battery Energy Storage Systems Market by Battery type : Key Trends 7.9 Battery Energy Storage Systems Market by Battery type : Key Developments 8. BATTERY ENERGY STORAGE SYSTEMS MARKET , BY CONNECTION TYPE 8.1 Battery Energy Storage Systems Market : Connection Type segment Market Share Analysis 8.2 Battery Energy Storage Systems Market : Connection Type segment Market Size and Forecast 2017-2026 8.3 On-Grid 8.4 Off-Grid 8.5 Battery Energy Storage Systems Market Benchmarking By Connection Type 8.6 Battery Energy Storage Systems Market by Connection Type: Key Trends 8.7 Battery Energy Storage Systems Market by Connection Type: Key Developments 9. BATTERY ENERGY STORAGE SYSTEMS MARKET , BY OWNERSHIP 9.1 Battery Energy Storage Systems Market : Ownership segment Market Share Analysis 9.2 Battery Energy Storage Systems Market : Ownership segment Market Size and Forecast 2017-2026 9.3 Battery Energy Storage Systems Utility Owned 9.4 Battery Energy Storage Systems Customer Owned 9.5 Battery Energy Storage Systems Third-Party Owned 9.6 Battery Energy Storage Systems Market Benchmarking By Ownership 9.7 Battery Energy Storage Systems Market by Ownership: Key Trends 9.8 Battery Energy Storage Systems Market by Ownership: Key Developments 10. BATTERY ENERGY STORAGE SYSTEMS MARKET , BY APPLICATION 10.1 Battery Energy Storage Systems Market : Application segment Market Share Analysis 10.2 Battery Energy Storage Systems Market : Application segment Market Size and Forecast 2017-2026 10.3 Battery Energy Storage Systems Residential 10.4 Battery Energy Storage Systems Non-Residential 10.5 Battery Energy Storage Systems Utility 10.6 Battery Energy Storage Systems Market Benchmarking By Application 10.7 Battery Energy Storage Systems Market by Application: Key Trends 10.8 Battery Energy Storage Systems Market by Application: Key Developments 11. BATTERY ENERGY STORAGE SYSTEMS MARKET , BY GEOGRAPHY 11.1 Battery Energy Storage Systems Market : Geography segment Market Share Analysis 11.2 Battery Energy Storage Systems Market : Geography segment Market Size and Forecast 2017-2026 11.3 North America Battery Energy Storage Systems Market 11.3.1 Overview 11.3.2 Battery Energy Storage Systems Market Size and Forecast, by Element 2017-2026 11.3.3 Battery Energy Storage Systems Market Share Analysis , by Element 2017-2026 11.3.4 Battery Energy Storage Systems Market Size and Forecast, by Battery type 2017-2026 11.3.5 Battery Energy Storage Systems Market Share Analysis , by Battery type 2017-2026 11.3.6 Battery Energy Storage Systems Market Size and Forecast, by Connection Type 2017-2026 11.3.7 Battery Energy Storage Systems Market Share Analysis , by Connection Type 2017-2026 11.3.8 Battery Energy Storage Systems Market Size and Forecast, by Ownership2017-2026 11.3.9 Battery Energy Storage Systems Market Share Analysis , by Ownership 2017-2026 11.3.10 Battery Energy Storage Systems Market Size and Forecast, by Application 2017-2026 11.3.11 Battery Energy Storage Systems Market Share Analysis , by Application 2017-2026 11.3.12 Battery Energy Storage Systems Market Size and Forecast, by Country 2017-2026 11.3.13 Battery Energy Storage Systems Market Share Analysis , by Country 2017-2026 11.4 Europe Battery Energy Storage Systems Market 11.4.1 Overview 11.4.2 Battery Energy Storage Systems Market Size and Forecast, by Element 2017-2026 11.4.3 Battery Energy Storage Systems Market Share Analysis , by Element 2017-2026 11.4.4 Battery Energy Storage Systems Market Size and Forecast, by Battery type 2017-2026 11.4.5 Battery Energy Storage Systems Market Share Analysis , by Battery type 2017-2026 11.4.6 Battery Energy Storage Systems Market Size and Forecast, by Connection Type 2017-2026 11.4.7 Battery Energy Storage Systems Market Share Analysis , by Connection Type 2017-2026 11.4.8 Battery Energy Storage Systems Market Size and Forecast, by Ownership 2017-2026 11.4.9 Battery Energy Storage Systems Market Share Analysis , by Ownership 2017-2026 11.4.10 Battery Energy Storage Systems Market Size and Forecast, by Application 2017-2026 11.4.11 Battery Energy Storage Systems Market Share Analysis , by Application 2017-2026 11.4.12 Battery Energy Storage Systems Market Size and Forecast, by Country 2017-2026 11.4.13 Battery Energy Storage Systems Market Share Analysis , by Country 2017-2026 11.5 Asia Pacific Battery Energy Storage Systems Market 11.5.1 Overview 11.5.2 Battery Energy Storage Systems Market Size and Forecast, by Element 2017-2026 11.5.3 Battery Energy Storage Systems Market Share Analysis , by Element 2017-2026 11.5.4 Battery Energy Storage Systems Market Size and Forecast, by Battery type 2017-2026 11.5.5 Battery Energy Storage Systems Market Share Analysis , by Battery type 2017-2026 11.5.6 Battery Energy Storage Systems Market Size and Forecast, by Connection Type 2017-2026 11.5.7 Battery Energy Storage Systems Market Share Analysis , by Connection Type 2017-2026 11.5.8 Battery Energy Storage Systems Market Size and Forecast, by Ownership 2017-2026 11.5.9 Battery Energy Storage Systems Market Share Analysis , by Ownership 2017-2026 11.5.10 Battery Energy Storage Systems Market Size and Forecast, by Application 2017-2026 11.5.11 Battery Energy Storage Systems Market Share Analysis , by Application 2017-2026 11.5.12 Battery Energy Storage Systems Market Size and Forecast, by Application 2017-2026 11.5.13 Battery Energy Storage Systems Market Share Analysis , by Application 2017-2026 11.5.14 Battery Energy Storage Systems Market Size and Forecast, by Country 2017-2026 11.5.15 Battery Energy Storage Systems Market Share Analysis , by Country 2017-2026 11.6 Latin America, Middle East and Africa Battery Energy Storage Systems Market 11.6.1 Overview 11.6.2 Battery Energy Storage Systems Market Size and Forecast, by Element 2017-2026 11.6.3 Battery Energy Storage Systems Market Share Analysis , by Element 2017-2026 11.6.4 Battery Energy Storage Systems Market Size and Forecast, by Battery type 2017-2026 11.6.5 Battery Energy Storage Systems Market Share Analysis , by Battery type 2017-2026 11.6.6 Battery Energy Storage Systems Market Size and Forecast, by Connection Type 2017-2026 11.6.7 Battery Energy Storage Systems Market Share Analysis , by Connection Type 2017-2026 11.6.8 Battery Energy Storage Systems Market Size and Forecast, by Ownership 2017-2026 11.6.9 Battery Energy Storage Systems Market Share Analysis , by Ownership 2017-2026 11.6.10 Battery Energy Storage Systems Market Size and Forecast, by Application 2017-2026 11.6.11 Battery Energy Storage Systems Market Share Analysis , by Application 2017-2026 11.6.12 Battery Energy Storage Systems Market Size and Forecast, by Country 2017-2026 11.6.13 Battery Energy Storage Systems Market Share Analysis , by Country 2017-2026 11.7 Battery Energy Storage Systems Market Benchmarking By Geography 11.8 Battery Energy Storage Systems Market by Geography : Key Trends 11.9 Battery Energy Storage Systems Market by Geography : Key Developments 12. BATTERY ENERGY STORAGE SYSTEMS COMPITITIVE LANDSCAPE 12.1 Battery Energy Storage Systems Market Share/ Positioning Analysis 12.2 Battery Energy Storage Systems Key Innovators 12.3 Battery Energy Storage Systems Company Profiles 12.3.1 ABB 12.3.1.1 Overview 12.3.1.2 Product/Service Portfolio 12.3.1.3 Key Financials 12.3.1.4 Strategic Initiatives 12.3.1.5 SWOT Analysis 12.3.1.6 Competitive Assessment 12.3.2 LG Chem 12.3.2.1 Overview 12.3.2.2 Product/Service Portfolio 12.3.2.3 Key Financials 12.3.2.4 Strategic Initiatives 12.3.2.5 SWOT Analysis 12.3.2.6 Competitive Assessment 12.3.3 NEC 12.3.3.1 Overview 12.3.3.2 Product/Service Portfolio 12.3.3.3 Key Financials 12.3.3.4 Strategic Initiatives 12.3.3.5 SWOT Analysis 12.3.3.6 Competitive Assessment 12.3.4 Panasonic 12.3.4.1 Overview 12.3.4.2 Product/Service Portfolio 12.3.4.3 Key Financials 12.3.4.4 Strategic Initiatives 12.3.4.5 SWOT Analysis 12.3.4.6 Competitive Assessment 12.3.5 Samsung SDI 12.3.5.1 Overview 12.3.5.2 Product/Service Portfolio 12.3.5.3 Key Financials 12.3.5.4 Strategic Initiatives 12.3.5.5 SWOT Analysis 12.3.5.6 Competitive Assessment 12.3.6 AES Energy Storage 12.3.6.1 Overview 12.3.6.2 Product/Service Portfolio 12.3.6.3 Key Financials 12.3.6.4 Strategic Initiatives 12.3.6.5 SWOT Analysis 12.3.6.6 Competitive Assessment 12.3.7 General Electric 12.3.7.1 Overview 12.3.7.2 Product/Service Portfolio 12.3.7.3 Key Financials 12.3.7.4 Strategic Initiatives 12.3.7.5 SWOT Analysis 12.3.7.6 Competitive Assessment 12.3.8 Beckett Energy Systems 12.3.8.1 Overview 12.3.8.2 Product/Service Portfolio 12.3.8.3 Key Financials 12.3.8.4 Strategic Initiatives 12.3.8.5 SWOT Analysis 12.3.8.6 Competitive Assessment 12.3.9 ZBB Energy 12.3.9.1 Overview 12.3.9.2 Product/Service Portfolio 12.3.9.3 Key Financials 12.3.9.4 Strategic Initiatives 12.3.9.5 SWOT Analysis 12.3.9.6 Competitive Assessment 12.3.10 Altair Nanotechnologies 12.3.10.1 Overview 12.3.10.2 Product/Service Portfolio 12.3.10.3 Key Financials 12.3.10.4 Strategic Initiatives 12.3.10.5 SWOT Analysis 12.3.10.6 Competitive Assessment 12.3.11 Zest Energy 12.3.11.1 Overview 12.3.11.2 Product/Service Portfolio 12.3.11.3 Key Financials 12.3.11.4 Strategic Initiatives 12.3.11.5 SWOT Analysis 12.3.11.6 Competitive Assessment 12.3.12 GS Yuasa 12.3.12.1 Overview 12.3.12.2 Product/Service Portfolio 12.3.12.3 Key Financials 12.3.12.4 Strategic Initiatives 12.3.12.5 SWOT Analysis 12.3.12.6 Competitive Assessment 12.3.13 Exide Technologies 12.3.13.1 Overview 12.3.13.2 Product/Service Portfolio 12.3.13.3 Key Financials 12.3.13.4 Strategic Initiatives 12.3.13.5 SWOT Analysis 12.3.13.6 Competitive Assessment 12.3.14 SAFT 12.3.14.1 Overview 12.3.14.2 Product/Service Portfolio 12.3.14.3 Key Financials 12.3.14.4 Strategic Initiatives 12.3.14.5 SWOT Analysis 12.3.14.6 Competitive Assessment 12.3.15 Toshiba 12.3.15.1 Overview 12.3.15.2 Product/Service Portfolio 12.3.15.3 Key Financials 12.3.15.4 Strategic Initiatives 12.3.15.5 SWOT Analysis 12.3.15.6 Competitive Assessment 12.3.16 Siemens 12.3.16.1 Overview 12.3.16.2 Product/Service Portfolio 12.3.16.3 Key Financials 12.3.16.4 Strategic Initiatives 12.3.16.5 SWOT Analysis 12.3.16.6 Competitive Assessment 12.3.17 BYD Company 12.3.17.1 Overview 12.3.17.2 Product/Service Portfolio 12.3.17.3 Key Financials 12.3.17.4 Strategic Initiatives 12.3.17.5 SWOT Analysis 12.3.17.6 Competitive Assessment 12.3.18 Hitachi 12.3.18.1 Overview 12.3.18.2 Product/Service Portfolio 12.3.18.3 Key Financials 12.3.18.4 Strategic Initiatives 12.3.18.5 SWOT Analysis 12.3.18.6 Competitive Assessment 12.3.19 NGK Insulators 12.3.19.1 Overview 12.3.19.2 Product/Service Portfolio 12.3.19.3 Key Financials 12.3.19.4 Strategic Initiatives 12.3.19.5 SWOT Analysis 12.3.19.6 Competitive Assessment 12.3.20 AEG Power Solutions 12.3.20.1 Overview 12.3.20.2 Product/Service Portfolio 12.3.20.3 Key Financials 12.3.20.4 Strategic Initiatives 12.3.20.5 SWOT Analysis 12.3.20.6 Competitive Assessment 12.3.21 China BAK Batteries 12.3.21.1 Overview 12.3.21.2 Product/Service Portfolio 12.3.21.3 Key Financials 12.3.21.4 Strategic Initiatives 12.3.21.5 SWOT Analysis 12.3.21.6 Competitive Assessment 12.3.22 Nippon Chemi-Con Corporation 12.3.22.1 Overview 12.3.22.2 Product/Service Portfolio 12.3.22.3 Key Financials 12.3.22.4 Strategic Initiatives 12.3.22.5 SWOT Analysis 12.3.22.6 Competitive Assessment 12.3.23 Furukawa Battery 12.3.23.1 Overview 12.3.23.2 Product/Service Portfolio 12.3.23.3 Key Financials 12.3.23.4 Strategic Initiatives 12.3.23.5 SWOT Analysis 12.3.23.6 Competitive Assessment 13. CONSOLIDATION 13.1 Mergers and Acquisitions 13.1.1 Overview 13.1.2 Key Drivers – By Region 13.1.3 M&A Breakdown 13.1.3.1 Battery type Based 13.1.3.2 Connection Type Based 13.1.3.3 Niche Based 13.1.3.4 Region Based 13.1.3.5 Asset & Non-Asset Based 13.1.3.6 Venture Capitalist Based 13.2 Fragmentation of Global Battery Energy Storage Systems Market 13.3 Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 13.4 New/Emerging Models of Partnerships : Key Examples 13.5 New/Emerging Business Models : Key Examples 13.6 Changing Investment Paradigm : Focused areas by Key Players 13.7 Patent Analysis 14. LIST OF TABLES 15. LIST OF FIGURES
