Global Battery Energy Storage System market was valued at US$ 2.69 Bn in 2019, and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding M Battery Energy Storage System market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Battery Energy Storage System market The increasing demand for renewable energy sources is the driving factor behind the growth of the global battery energy storage system market. Further, increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries are the factors enhancing the growth of global battery energy storage system market. The major Factors restraining the growth of the battery energy storage system market are high capital investment required for the deployment, and lack of the availability of vendors and project financing. Installation of battery energy storage systems in remote locations will be the major challenge for the venders. Increasing focus on rural electrification, development of molten-salt battery technology, large storage requirements in datacenters and efforts taken by governments around the world to reduce carbon emissions by mandating on fuel economy are expected to offer tremendous opportunities in global counter drone market. Based on the type, battery segment held the largest shares of the global battery energy storage system market in 2017, owing to battery is the foremost part of the battery energy storage system. Battery leads more than 50% of the total cost of the energy storage system. There are different types of batteries used in the battery energy storage systems, but the choice of the battery depends on the characteristics of the battery and its intended application. Availability of those types of battery is driving the growth of the market for this market. Based on the battery type, the Lithium-Ion Batteries segment dominated the global Battery Energy Storage System market in 2017. This growth is attributed to the lithium-ion batteries not only reliable cycle life but also high energy and power density in terms of volume, high charge/discharge efficiency, and low maintenance needs. Furthermore, these batteries have lighter weight than nickel–cadmium and nickel metal-hydride batteries. These features of lithium-ion batteries are expected to drive the global battery energy storage system market. Based on the connection type, the on-grid connection segment is expected to grow at a significant CAGR between 2018 and 2026. The on-grid connection is used for supplying electricity to consumers, and it also used to reduce energy bills. Further, the factors contributed the growth of the market for on-grid battery energy storage systems are the load leveling, peak shaving, and power demand management are the main applications of any on-grid connected battery energy storage system installed with electrical grids. Based on the ownership, the customer-owned battery energy storage systems is projected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to, it reduce the electricity cost, as electricity is charged under the time-of-use (TOU) tariff. Based on the application, the utilities application segment is expected to hold the major shares of the global battery storage system market during the forecast period. The generation and consumption of electricity need to be matched at all times. If the lead is mismatched then the voltage and frequency deviate and it causes power outages and damage to the equipment. To overcome this problem, the utilities install battery energy storage systems with the electric grids, which control the voltage and frequency deviations. Geographically, The Asia Pacific is the fastest growing region in the battery energy storage system market owing to the growing adoption of renewable energy, favorable government policies and rapidly growing energy sector. China is major country in terms of production and consumption of energy storage systems in Asia-pacific. The country is flanked with major storage systems manufactures such as BYD Battery Co. Ltd. Further China aims to increase the production of electric vehicles which will propel the battery storage systems market in Asia-pacific. The objective of the report is to present comprehensive analysis of Global Battery Energy Storage System market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Battery Energy Storage System market dynamics, structure by analyzing the market segments, and project the Global Battery Energy Storage System market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Battery Energy Storage System market make the report investor’s guide.
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Global Battery Energy Storage System Market, By Element
• Battery • Hardware • Other ElementsGlobal Battery Energy Storage System Market, By Battery Type
• Lithium-Ion Batteries • Sodium–Sulfur Batteries • Advanced Lead-Acid Batteries • Flow Batteries • OthersGlobal Battery Energy Storage System Market, By Connection Type
• On-Grid Connection • Off-Grid ConnectionGlobal Battery Energy Storage System Market, By Ownership
• Customer Owned • Third-Party Owned • Utility OwnedGlobal Battery Energy Storage System Market, By Application
• Residential • Non-Residential • Utilities • OthersGlobal Battery Energy Storage System Market, by Region
• North America • Europe • Asia-Pacific • Middle East & Africa • South AmericaKey Players operating in the Global Battery Energy Storage System Market
• ABB Group • Maxwell Technologies Inc. • LG Chem • NEC Corporation • General Electric • Hitachi Ltd. • Panasonic Corporation • Siemens AG • Tesla • Schneider Electric SE • Samsung SDI • Gildemeister Energy Solutions • AEG Power Solutions • AES Corporation • Primus Power • Rongke Power
Global Battery Energy Storage System Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Battery Energy Storage System Market Size, by Market Value (US$ Bn) and Market Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Battery Energy Storage System Market Industry Trends 4.8. Patent Registration 4.9. Global Battery Energy Storage System Market Competitive Landscape 5. Supply Side and Demand Side Indicators 6. Global Battery Energy Storage System Market Analysis and Forecast 6.1. Global Battery Energy Storage System Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Battery Energy Storage System Market Analysis and Forecast, by Element 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Battery Energy Storage System Market Value Share Analysis, by Element 7.4. Global Battery Energy Storage System Market Size (US$ Bn) Forecast, by Element 7.5. Global Battery Energy Storage System Market Analysis, by Element 7.6. Global Battery Energy Storage System Market Attractiveness Analysis, by Element 8. Global Battery Energy Storage System Market Analysis and Forecast, by Battery Type 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Battery Energy Storage System Market Value Share Analysis, by Battery Type 8.4. Global Battery Energy Storage System Market Size (US$ Bn) Forecast, by Battery Type 8.5. Global Battery Energy Storage System Market Analysis, by Battery Type 8.6. Global Battery Energy Storage System Market Attractiveness Analysis, by Battery Type 9. Global Battery Energy Storage System Market Analysis and Forecast, by Connection Type 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Battery Energy Storage System Market Value Share Analysis, by Connection Type 9.4. Global Battery Energy Storage System Market Size (US$ Bn) Forecast, by Connection Type 9.5. Global Battery Energy Storage System Market Analysis, by Connection Type 9.6. Global Battery Energy Storage System Market Attractiveness Analysis, by Connection Type 10. Global Battery Energy Storage System Market Analysis and Forecast, by Ownership 10.1. Introduction and Definition 10.2. Key Findings 10.3. Global Battery Energy Storage System Market Value Share Analysis, by Ownership 10.4. Global Battery Energy Storage System Market Size (US$ Bn) Forecast, by Ownership 10.5. Global Battery Energy Storage System Market Analysis, by Ownership 10.6. Global Battery Energy Storage System Market Attractiveness Analysis, by Ownership 11. Global Battery Energy Storage System Market Analysis and Forecast, by Application 11.1. Introduction and Definition 11.2. Key Findings 11.3. Global Battery Energy Storage System Market Value Share Analysis, by Application 11.4. Global Battery Energy Storage System Market Size (US$ Bn) Forecast, by Application 11.5. Global Battery Energy Storage System Market Analysis, by Application 11.6. Global Battery Energy Storage System Market Attractiveness Analysis, by Application 12. Global Battery Energy Storage System Market Analysis, by Region 12.1. Global Battery Energy Storage System Market Value Share Analysis, by Region 12.2. Global Battery Energy Storage System Market Size (US$ Bn) Forecast, by Region 12.3. Global Battery Energy Storage System Market Attractiveness Analysis, by Region 13. North America Battery Energy Storage System Market Analysis 13.1. Key Findings 13.2. North America Battery Energy Storage System Market Overview 13.3. North America Battery Energy Storage System Market Value Share Analysis, by Element 13.4. North America Battery Energy Storage System Market Forecast, by Element 13.4.1. Battery 13.4.2. Hardware 13.4.3. Other Elements 13.5. North America Battery Energy Storage System Market Value Share Analysis, by Battery Type 13.6. North America Battery Energy Storage System Market Forecast, by Battery Type 13.6.1. Lithium-Ion Batteries 13.6.2. Sodium–Sulfur Batteries 13.6.3. Advanced Lead-Acid Batteries 13.6.4. Flow Batteries 13.6.5. Others 13.7. North America Battery Energy Storage System Market Value Share Analysis, by Connection Type 13.8. North America Battery Energy Storage System Market Forecast, by Connection Type 13.8.1. On-Grid Connection 13.8.2. Off-Grid Connection 13.9. North America Battery Energy Storage System Market Value Share Analysis, by Ownership 13.10. North America Battery Energy Storage System Market Forecast, by Ownership 13.10.1. Customer Owned 13.10.2. Third-Party Owned 13.10.3. Utility Owned 13.11. North America Battery Energy Storage System Market Value Share Analysis, by Application 13.12. North America Battery Energy Storage System Market Forecast, by Application 13.12.1. Residential 13.12.2. Non-Residential 13.12.3. Utilities 13.12.4. Others 13.13. North America Battery Energy Storage System Market Value Share Analysis, by Country 13.14. North America Battery Energy Storage System Market Forecast, by Country 13.14.1. U.S. 13.14.2. Canada 13.15. North America Battery Energy Storage System Market Analysis, by Country 13.16. U.S. Battery Energy Storage System Market Forecast, by Element 13.16.1. Battery 13.16.2. Hardware 13.16.3. Other Elements 13.17. U.S. Battery Energy Storage System Market Forecast, by Battery Type 13.17.1. Lithium-Ion Batteries 13.17.2. Sodium–Sulfur Batteries 13.17.3. Advanced Lead-Acid Batteries 13.17.4. Flow Batteries 13.17.5. Others 13.18. U.S. Battery Energy Storage System Market Forecast, by Connection Type 13.18.1. On-Grid Connection 13.18.2. Off-Grid Connection 13.19. U.S. Battery Energy Storage System Market Forecast, by Ownership 13.19.1. Customer Owned 13.19.2. Third-Party Owned 13.19.3. Utility Owned 13.20. U.S. Battery Energy Storage System Market Forecast, by Application 13.20.1. Residential 13.20.2. Non-Residential 13.20.3. Utilities 13.20.4. Others 13.21. Canada Battery Energy Storage System Market Forecast, by Element 13.21.1. Battery 13.21.2. Hardware 13.21.3. Other Elements 13.22. Canada Battery Energy Storage System Market Forecast, by Battery Type 13.22.1. Lithium-Ion Batteries 13.22.2. Sodium–Sulfur Batteries 13.22.3. Advanced Lead-Acid Batteries 13.22.4. Flow Batteries 13.22.5. Others 13.23. Canada Battery Energy Storage System Market Forecast, by Connection Type 13.23.1. On-Grid Connection 13.23.2. Off-Grid Connection 13.24. Canada Battery Energy Storage System Market Forecast, by Ownership 13.24.1. Customer Owned 13.24.2. Third-Party Owned 13.24.3. Utility Owned 13.25. Canada Battery Energy Storage System Market Forecast, by Application 13.25.1. Residential 13.25.2. Non-Residential 13.25.3. Utilities 13.25.4. Others 13.26. North America Battery Energy Storage System Market Attractiveness Analysis 13.26.1. By Element 13.26.2. By Battery Type 13.26.3. By Connection Type 13.26.4. By Ownership 13.26.5. By Application 13.27. PEST Analysis 13.28. Key Trends 13.29. Key Developments 14. Europe Battery Energy Storage System Market Analysis 14.1. Key Findings 14.2. Europe Battery Energy Storage System Market Overview 14.3. Europe Battery Energy Storage System Market Value Share Analysis, by Element 14.4. Europe Battery Energy Storage System Market Forecast, by Element 14.4.1. Battery 14.4.2. Hardware 14.4.3. Other Elements 14.5. Europe Battery Energy Storage System Market Value Share Analysis, by Battery Type 14.6. Europe Battery Energy Storage System Market Forecast, by Battery Type 14.6.1. Lithium-Ion Batteries 14.6.2. Sodium–Sulfur Batteries 14.6.3. Advanced Lead-Acid Batteries 14.6.4. Flow Batteries 14.6.5. Others 14.7. Europe Battery Energy Storage System Market Value Share Analysis, by Connection Type 14.8. Europe Battery Energy Storage System Market Forecast, by Connection Type 14.8.1. On-Grid Connection 14.8.2. Off-Grid Connection 14.9. Europe Battery Energy Storage System Market Value Share Analysis, by Ownership 14.10. Europe Battery Energy Storage System Market Forecast, by Ownership 14.10.1. Customer Owned 14.10.2. Third-Party Owned 14.10.3. Utility Owned 14.11. Europe Battery Energy Storage System Market Value Share Analysis, by Application 14.12. Europe Battery Energy Storage System Market Forecast, by Application 14.12.1. Residential 14.12.2. Non-Residential 14.12.3. Utilities 14.12.4. Others 14.13. Europe Battery Energy Storage System Market Value Share Analysis, by Country 14.14. Europe Battery Energy Storage System Market Forecast, by Country 14.14.1. Germany 14.14.2. U.K. 14.14.3. France 14.14.4. Italy 14.14.5. Spain 14.14.6. Rest of Europe 14.15. Europe Battery Energy Storage System Market Analysis, by Country 14.16. Germany Battery Energy Storage System Market Forecast, by Element 14.16.1. Battery 14.16.2. Hardware 14.16.3. Other Elements 14.17. Germany Battery Energy Storage System Market Forecast, by Battery Type 14.17.1. Lithium-Ion Batteries 14.17.2. Sodium–Sulfur Batteries 14.17.3. Advanced Lead-Acid Batteries 14.17.4. Flow Batteries 14.17.5. Others 14.18. Germany Battery Energy Storage System Market Forecast, by Connection Type 14.18.1. On-Grid Connection 14.18.2. Off-Grid Connection 14.19. Germany Battery Energy Storage System Market Forecast, by Ownership 14.19.1. Customer Owned 14.19.2. Third-Party Owned 14.19.3. Utility Owned 14.20. Germany Battery Energy Storage System Market Forecast, by Application 14.20.1. Residential 14.20.2. Non-Residential 14.20.3. Utilities 14.20.4. Others 14.21. U.K. Battery Energy Storage System Market Forecast, by Element 14.21.1. Battery 14.21.2. Hardware 14.21.3. Other Elements 14.22. U.K. Battery Energy Storage System Market Forecast, by Battery Type 14.22.1. Lithium-Ion Batteries 14.22.2. Sodium–Sulfur Batteries 14.22.3. Advanced Lead-Acid Batteries 14.22.4. Flow Batteries 14.22.5. Others 14.23. U.K. Battery Energy Storage System Market Forecast, by Connection Type 14.23.1. On-Grid Connection 14.23.2. Off-Grid Connection 14.24. U.K. Battery Energy Storage System Market Forecast, by Ownership 14.24.1. Customer Owned 14.24.2. Third-Party Owned 14.24.3. Utility Owned 14.25. U.K. Battery Energy Storage System Market Forecast, by Application 14.25.1. Residential 14.25.2. Non-Residential 14.25.3. Utilities 14.25.4. Others 14.26. France Battery Energy Storage System Market Forecast, by Element 14.26.1. Battery 14.26.2. Hardware 14.26.3. Other Elements 14.27. France Battery Energy Storage System Market Forecast, by Battery Type 14.27.1. Lithium-Ion Batteries 14.27.2. Sodium–Sulfur Batteries 14.27.3. Advanced Lead-Acid Batteries 14.27.4. Flow Batteries 14.27.5. Others 14.28. France Battery Energy Storage System Market Forecast, by Connection Type 14.28.1. On-Grid Connection 14.28.2. Off-Grid Connection 14.29. France Battery Energy Storage System Market Forecast, by Ownership 14.29.1. Customer Owned 14.29.2. Third-Party Owned 14.29.3. Utility Owned 14.30. France Battery Energy Storage System Market Forecast, by Application 14.30.1. Residential 14.30.2. Non-Residential 14.30.3. Utilities 14.30.4. Others 14.31. Italy Battery Energy Storage System Market Forecast, by Element 14.31.1. Battery 14.31.2. Hardware 14.31.3. Other Elements 14.32. Italy Battery Energy Storage System Market Forecast, by Battery Type 14.32.1. Lithium-Ion Batteries 14.32.2. Sodium–Sulfur Batteries 14.32.3. Advanced Lead-Acid Batteries 14.32.4. Flow Batteries 14.32.5. Others 14.33. Italy Battery Energy Storage System Market Forecast, by Connection Type 14.33.1. On-Grid Connection 14.33.2. Off-Grid Connection 14.34. Italy Battery Energy Storage System Market Forecast, by Ownership 14.34.1. Customer Owned 14.34.2. Third-Party Owned 14.34.3. Utility Owned 14.35. Italy Battery Energy Storage System Market Forecast, by Application 14.35.1. Residential 14.35.2. Non-Residential 14.35.3. Utilities 14.35.4. Others 14.36. Spain Battery Energy Storage System Market Forecast, by Element 14.36.1. Battery 14.36.2. Hardware 14.36.3. Other Elements 14.37. Spain Battery Energy Storage System Market Forecast, by Battery Type 14.37.1. Lithium-Ion Batteries 14.37.2. Sodium–Sulfur Batteries 14.37.3. Advanced Lead-Acid Batteries 14.37.4. Flow Batteries 14.37.5. Others 14.38. Spain Battery Energy Storage System Market Forecast, by Connection Type 14.38.1. On-Grid Connection 14.38.2. Off-Grid Connection 14.39. Spain Battery Energy Storage System Market Forecast, by Ownership 14.39.1. Customer Owned 14.39.2. Third-Party Owned 14.39.3. Utility Owned 14.40. Spain Battery Energy Storage System Market Forecast, by Application 14.40.1. Residential 14.40.2. Non-Residential 14.40.3. Utilities 14.40.4. Others 14.41. Rest of Europe Battery Energy Storage System Market Forecast, by Element 14.41.1. Battery 14.41.2. Hardware 14.41.3. Other Elements 14.42. Rest of Europe Battery Energy Storage System Market Forecast, by Battery Type 14.42.1. Lithium-Ion Batteries 14.42.2. Sodium–Sulfur Batteries 14.42.3. Advanced Lead-Acid Batteries 14.42.4. Flow Batteries 14.42.5. Others 14.43. Rest of Europe Battery Energy Storage System Market Forecast, by Connection Type 14.43.1. On-Grid Connection 14.43.2. Off-Grid Connection 14.44. Rest Of Europe Battery Energy Storage System Market Forecast, by Ownership 14.44.1. Customer Owned 14.44.2. Third-Party Owned 14.44.3. Utility Owned 14.45. Rest Of Europe Battery Energy Storage System Market Forecast, by Application 14.45.1. Residential 14.45.2. Non-Residential 14.45.3. Utilities 14.45.4. Others 14.46. Europe Battery Energy Storage System Market Attractiveness Analysis 14.46.1. By Element 14.46.2. By Battery Type 14.46.3. By Connection Type 14.46.4. By Ownership 14.46.5. By Application 14.47. PEST Analysis 14.48. Key Trends 14.49. Key Developments 15. Asia Pacific Battery Energy Storage System Market Analysis 15.1. Key Findings 15.2. Asia Pacific Battery Energy Storage System Market Overview 15.3. Asia Pacific Battery Energy Storage System Market Value Share Analysis, by Element 15.4. Asia Pacific Battery Energy Storage System Market Forecast, by Element 15.4.1. Battery 15.4.2. Hardware 15.4.3. Other Elements 15.5. Asia Pacific Battery Energy Storage System Market Value Share Analysis, by Battery Type 15.6. Asia Pacific Battery Energy Storage System Market Forecast, by Battery Type 15.6.1. Lithium-Ion Batteries 15.6.2. Sodium–Sulfur Batteries 15.6.3. Advanced Lead-Acid Batteries 15.6.4. Flow Batteries 15.6.5. Others 15.7. Asia Pacific Battery Energy Storage System Market Value Share Analysis, by Connection Type 15.8. Asia Pacific Battery Energy Storage System Market Forecast, by Connection Type 15.8.1. On-Grid Connection 15.8.2. Off-Grid Connection 15.9. Asia Pacific Battery Energy Storage System Market Value Share Analysis, by Ownership 15.10. Asia Pacific Battery Energy Storage System Market Forecast, by Ownership 15.10.1. Customer Owned 15.10.2. Third-Party Owned 15.10.3. Utility Owned 15.11. Asia Pacific Battery Energy Storage System Market Value Share Analysis, by Application 15.12. Asia Pacific Battery Energy Storage System Market Forecast, by Application 15.12.1. Residential 15.12.2. Non-Residential 15.12.3. Utilities 15.12.4. Others 15.13. Asia Pacific Battery Energy Storage System Market Value Share Analysis, by Country 15.14. Asia Pacific Battery Energy Storage System Market Forecast, by Country 15.14.1. China 15.14.2. India 15.14.3. Japan 15.14.4. ASEAN 15.14.5. Rest of Asia Pacific 15.15. Asia Pacific Battery Energy Storage System Market Analysis, by Country 15.16. China Battery Energy Storage System Market Forecast, by Element 15.16.1. Battery 15.16.2. Hardware 15.16.3. Other Elements 15.17. China Battery Energy Storage System Market Forecast, by Battery Type 15.17.1. Lithium-Ion Batteries 15.17.2. Sodium–Sulfur Batteries 15.17.3. Advanced Lead-Acid Batteries 15.17.4. Flow Batteries 15.17.5. Others 15.18. China Battery Energy Storage System Market Forecast, by Connection Type 15.18.1. On-Grid Connection 15.18.2. Off-Grid Connection 15.19. China Battery Energy Storage System Market Forecast, by Ownership 15.19.1. Customer Owned 15.19.2. Third-Party Owned 15.19.3. Utility Owned 15.20. China Battery Energy Storage System Market Forecast, by Application 15.20.1. Residential 15.20.2. Non-Residential 15.20.3. Utilities 15.20.4. Others 15.21. India Battery Energy Storage System Market Forecast, by Element 15.21.1. Battery 15.21.2. Hardware 15.21.3. Other Elements 15.22. India Battery Energy Storage System Market Forecast, by Battery Type 15.22.1. Lithium-Ion Batteries 15.22.2. Sodium–Sulfur Batteries 15.22.3. Advanced Lead-Acid Batteries 15.22.4. Flow Batteries 15.22.5. Others 15.23. India Battery Energy Storage System Market Forecast, by Connection Type 15.23.1. On-Grid Connection 15.23.2. Off-Grid Connection 15.24. India Battery Energy Storage System Market Forecast, by Ownership 15.24.1. Customer Owned 15.24.2. Third-Party Owned 15.24.3. Utility Owned 15.25. India Battery Energy Storage System Market Forecast, by Application 15.25.1. Residential 15.25.2. Non-Residential 15.25.3. Utilities 15.25.4. Others 15.26. Japan Battery Energy Storage System Market Forecast, by Element 15.26.1. Battery 15.26.2. Hardware 15.26.3. Other Elements 15.27. Japan Battery Energy Storage System Market Forecast, by Battery Type 15.27.1. Lithium-Ion Batteries 15.27.2. Sodium–Sulfur Batteries 15.27.3. Advanced Lead-Acid Batteries 15.27.4. Flow Batteries 15.27.5. Others 15.28. Japan Battery Energy Storage System Market Forecast, by Connection Type 15.28.1. On-Grid Connection 15.28.2. Off-Grid Connection 15.29. Japan Battery Energy Storage System Market Forecast, by Ownership 15.29.1. Customer Owned 15.29.2. Third-Party Owned 15.29.3. Utility Owned 15.30. Japan Battery Energy Storage System Market Forecast, by Application 15.30.1. Residential 15.30.2. Non-Residential 15.30.3. Utilities 15.30.4. Others 15.31. ASEAN Battery Energy Storage System Market Forecast, by Element 15.31.1. Battery 15.31.2. Hardware 15.31.3. Other Elements 15.32. ASEAN Battery Energy Storage System Market Forecast, by Battery Type 15.32.1. Lithium-Ion Batteries 15.32.2. Sodium–Sulfur Batteries 15.32.3. Advanced Lead-Acid Batteries 15.32.4. Flow Batteries 15.32.5. Others 15.33. ASEAN Battery Energy Storage System Market Forecast, by Connection Type 15.33.1. On-Grid Connection 15.33.2. Off-Grid Connection 15.34. ASEAN Battery Energy Storage System Market Forecast, by Ownership 15.34.1. Customer Owned 15.34.2. Third-Party Owned 15.34.3. Utility Owned 15.35. ASEAN Battery Energy Storage System Market Forecast, by Application 15.35.1. Residential 15.35.2. Non-Residential 15.35.3. Utilities 15.35.4. Others 15.36. Rest of Asia Pacific Battery Energy Storage System Market Forecast, by Element 15.36.1. Battery 15.36.2. Hardware 15.36.3. Other Elements 15.37. Rest of Asia Pacific Battery Energy Storage System Market Forecast, by Battery Type 15.37.1. Lithium-Ion Batteries 15.37.2. Sodium–Sulfur Batteries 15.37.3. Advanced Lead-Acid Batteries 15.37.4. Flow Batteries 15.37.5. Others 15.38. Rest of Asia Pacific Battery Energy Storage System Market Forecast, by Connection Type 15.38.1. On-Grid Connection 15.38.2. Off-Grid Connection 15.39. Rest of Asia Pacific Battery Energy Storage System Market Forecast, by Ownership 15.39.1. Customer Owned 15.39.2. Third-Party Owned 15.39.3. Utility Owned 15.40. Rest of Asia Pacific Battery Energy Storage System Market Forecast, by Application 15.40.1. Residential 15.40.2. Non-Residential 15.40.3. Utilities 15.40.4. Others 15.41. Asia Pacific Battery Energy Storage System Market Attractiveness Analysis 15.41.1. By Element 15.41.2. By Battery Type 15.41.3. By Connection Type 15.41.4. By Ownership 15.41.5. By Application 15.42. PEST Analysis 15.43. Key Trends 15.44. Key Developments 16. Middle East & Africa Battery Energy Storage System Market Analysis 16.1. Key Findings 16.2. Middle East & Africa Battery Energy Storage System Market Overview 16.3. Middle East & Africa Battery Energy Storage System Market Value Share Analysis, by Element 16.4. Middle East & Africa Battery Energy Storage System Market Forecast, by Element 16.4.1. Battery 16.4.2. Hardware 16.4.3. Other Elements 16.5. Middle East & Africa Battery Energy Storage System Market Value Share Analysis, by Battery Type 16.6. Middle East & Africa Battery Energy Storage System Market Forecast, by Battery Type 16.6.1. Lithium-Ion Batteries 16.6.2. Sodium–Sulfur Batteries 16.6.3. Advanced Lead-Acid Batteries 16.6.4. Flow Batteries 16.6.5. Others 16.7. Middle East & Africa Battery Energy Storage System Market Value Share Analysis, by Connection Type 16.8. Middle East & Africa Battery Energy Storage System Market Forecast, by Connection Type 16.8.1. On-Grid Connection 16.8.2. Off-Grid Connection 16.9. Middle East & Africa Battery Energy Storage System Market Value Share Analysis, by Ownership 16.10. Middle East & Africa Battery Energy Storage System Market Forecast, by Ownership 16.10.1. Customer Owned 16.10.2. Third-Party Owned 16.10.3. Utility Owned 16.11. Middle East & Africa Battery Energy Storage System Market Value Share Analysis, by Application 16.12. Middle East & Africa Battery Energy Storage System Market Forecast, by Application 16.12.1. Residential 16.12.2. Non-Residential 16.12.3. Utilities 16.12.4. Others 16.13. Middle East & Africa Battery Energy Storage System Market Value Share Analysis, by Country 16.14. Middle East & Africa Battery Energy Storage System Market Forecast, by Country 16.14.1. GCC 16.14.2. South Africa 16.14.3. Rest of Middle East & Africa 16.15. Middle East & Africa Battery Energy Storage System Market Analysis, by Country 16.16. GCC Battery Energy Storage System Market Forecast, by Element 16.16.1. Battery 16.16.2. Hardware 16.16.3. Other Elements 16.17. GCC Battery Energy Storage System Market Forecast, by Battery Type 16.17.1. Lithium-Ion Batteries 16.17.2. Sodium–Sulfur Batteries 16.17.3. Advanced Lead-Acid Batteries 16.17.4. Flow Batteries 16.17.5. Others 16.18. GCC Battery Energy Storage System Market Forecast, by Connection Type 16.18.1. On-Grid Connection 16.18.2. Off-Grid Connection 16.19. GCC Battery Energy Storage System Market Forecast, by Ownership 16.19.1. Customer Owned 16.19.2. Third-Party Owned 16.19.3. Utility Owned 16.20. GCC Battery Energy Storage System Market Forecast, by Application 16.20.1. Residential 16.20.2. Non-Residential 16.20.3. Utilities 16.20.4. Others 16.21. South Africa Battery Energy Storage System Market Forecast, by Element 16.21.1. Battery 16.21.2. Hardware 16.21.3. Other Elements 16.22. South Africa Battery Energy Storage System Market Forecast, by Battery Type 16.22.1. Lithium-Ion Batteries 16.22.2. Sodium–Sulfur Batteries 16.22.3. Advanced Lead-Acid Batteries 16.22.4. Flow Batteries 16.22.5. Others 16.23. South Africa Battery Energy Storage System Market Forecast, by Connection Type 16.23.1. On-Grid Connection 16.23.2. Off-Grid Connection 16.24. South Africa Battery Energy Storage System Market Forecast, by Ownership 16.24.1. Customer Owned 16.24.2. Third-Party Owned 16.24.3. Utility Owned 16.25. South Africa Battery Energy Storage System Market Forecast, by Application 16.25.1. Residential 16.25.2. Non-Residential 16.25.3. Utilities 16.25.4. Others 16.26. Rest of Middle East & Africa Battery Energy Storage System Market Forecast, by Element 16.26.1. Battery 16.26.2. Hardware 16.26.3. Other Elements 16.27. Rest of Middle East & Africa Battery Energy Storage System Market Forecast, by Battery Type 16.27.1. Lithium-Ion Batteries 16.27.2. Sodium–Sulfur Batteries 16.27.3. Advanced Lead-Acid Batteries 16.27.4. Flow Batteries 16.27.5. Others 16.28. Rest of Middle East & Africa Battery Energy Storage System Market Forecast, by Connection Type 16.28.1. On-Grid Connection 16.28.2. Off-Grid Connection 16.29. Rest of Middle East & Africa Battery Energy Storage System Market Forecast, by Ownership 16.29.1. Customer Owned 16.29.2. Third-Party Owned 16.29.3. Utility Owned 16.30. Rest of Middle East & Africa Battery Energy Storage System Market Forecast, by Application 16.30.1. Residential 16.30.2. Non-Residential 16.30.3. Utilities 16.30.4. Others 16.31. Middle East & Africa Battery Energy Storage System Market Attractiveness Analysis 16.31.1. By Element 16.31.2. By Battery Type 16.31.3. By Connection Type 16.31.4. By Ownership 16.31.5. By Application 16.32. PEST Analysis 16.33. Key Trends 16.34. Key Developments 17. South America Battery Energy Storage System Market Analysis 17.1. Key Findings 17.2. South America Battery Energy Storage System Market Overview 17.3. South America Battery Energy Storage System Market Value Share Analysis, by Element 17.4. South America Battery Energy Storage System Market Forecast, by Element 17.4.1. Battery 17.4.2. Hardware 17.4.3. Other Elements 17.5. South America Battery Energy Storage System Market Value Share Analysis, by Battery Type 17.6. South America Battery Energy Storage System Market Forecast, by Battery Type 17.6.1. Lithium-Ion Batteries 17.6.2. Sodium–Sulfur Batteries 17.6.3. Advanced Lead-Acid Batteries 17.6.4. Flow Batteries 17.6.5. Others 17.7. South America Battery Energy Storage System Market Value Share Analysis, by Connection Type 17.8. South America Battery Energy Storage System Market Forecast, by Connection Type 17.8.1. On-Grid Connection 17.8.2. Off-Grid Connection 17.9. South America Battery Energy Storage System Market Value Share Analysis, by Ownership 17.10. South America Battery Energy Storage System Market Forecast, by Ownership 17.10.1. Customer Owned 17.10.2. Third-Party Owned 17.10.3. Utility Owned 17.11. South America Battery Energy Storage System Market Value Share Analysis, by Application 17.12. South America Battery Energy Storage System Market Forecast, by Application 17.12.1. Residential 17.12.2. Non-Residential 17.12.3. Utilities 17.12.4. Others 17.13. South America Battery Energy Storage System Market Value Share Analysis, by Country 17.14. South America Battery Energy Storage System Market Forecast, by Country 17.14.1. Brazil 17.14.2. Mexico 17.14.3. Rest of South America 17.15. South America Battery Energy Storage System Market Analysis, by Country 17.16. Brazil Battery Energy Storage System Market Forecast, by Element 17.16.1. Battery 17.16.2. Hardware 17.16.3. Other Elements 17.17. Brazil Battery Energy Storage System Market Forecast, by Battery Type 17.17.1. Lithium-Ion Batteries 17.17.2. Sodium–Sulfur Batteries 17.17.3. Advanced Lead-Acid Batteries 17.17.4. Flow Batteries 17.17.5. Others 17.18. Brazil Battery Energy Storage System Market Forecast, by Connection Type 17.18.1. On-Grid Connection 17.18.2. Off-Grid Connection 17.19. Brazil Battery Energy Storage System Market Forecast, by Ownership 17.19.1. Customer Owned 17.19.2. Third-Party Owned 17.19.3. Utility Owned 17.20. Brazil Battery Energy Storage System Market Forecast, by Application 17.20.1. Residential 17.20.2. Non-Residential 17.20.3. Utilities 17.20.4. Others 17.21. Mexico Battery Energy Storage System Market Forecast, by Element 17.21.1. Battery 17.21.2. Hardware 17.21.3. Other Elements 17.22. Mexico Battery Energy Storage System Market Forecast, by Battery Type 17.22.1. Lithium-Ion Batteries 17.22.2. Sodium–Sulfur Batteries 17.22.3. Advanced Lead-Acid Batteries 17.22.4. Flow Batteries 17.22.5. Others 17.23. Mexico Battery Energy Storage System Market Forecast, by Connection Type 17.23.1. On-Grid Connection 17.23.2. Off-Grid Connection 17.24. Mexico Battery Energy Storage System Market Forecast, by Ownership 17.24.1. Customer Owned 17.24.2. Third-Party Owned 17.24.3. Utility Owned 17.25. Mexico Battery Energy Storage System Market Forecast, by Application 17.25.1. Residential 17.25.2. Non-Residential 17.25.3. Utilities 17.25.4. Others 17.26. Rest of South America Battery Energy Storage System Market Forecast, by Element 17.26.1. Battery 17.26.2. Hardware 17.26.3. Other Elements 17.27. Rest of South America Battery Energy Storage System Market Forecast, by Battery Type 17.27.1. Lithium-Ion Batteries 17.27.2. Sodium–Sulfur Batteries 17.27.3. Advanced Lead-Acid Batteries 17.27.4. Flow Batteries 17.27.5. Others 17.28. Rest of South America Battery Energy Storage System Market Forecast, by Connection Type 17.28.1. On-Grid Connection 17.28.2. Off-Grid Connection 17.29. Rest of South America Battery Energy Storage System Market Forecast, by Ownership 17.29.1. Customer Owned 17.29.2. Third-Party Owned 17.29.3. Utility Owned 17.30. Rest of South America Battery Energy Storage System Market Forecast, by Application 17.30.1. Residential 17.30.2. Non-Residential 17.30.3. Utilities 17.30.4. Others 17.31. South America Battery Energy Storage System Market Attractiveness Analysis 17.31.1. By Element 17.31.2. By Battery Type 17.31.3. By Connection Type 17.31.4. By Ownership 17.31.5. By Application 17.32. PEST Analysis 17.33. Key Trends 17.34. Key Developments 18. Company Profiles 18.1. Market Share Analysis, by Company 18.2. Competition Matrix 18.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 18.2.2. New Product Launches and Product Enhancements 18.2.3. Market Consolidation 18.2.3.1. M&A by Regions, Investment and Applications 18.2.3.2. M&A Key Players, Forward Integration and Backward Integration 18.3. Company Profiles: Key Players 18.3.1. ABB Group 18.3.1.1. Company Overview 18.3.1.2. Financial Overview 18.3.1.3. Product Portfolio 18.3.1.4. Business Strategy 18.3.1.5. Recent Developments 18.3.1.6. Manufacturing Footprint 18.3.2. Maxwell Technologies Inc. 18.3.3. LG Chem. 18.3.4. NEC Corporation 18.3.5. General Electric 18.3.6. Hitachi Ltd 18.3.7. Panasonic Corporation 18.3.8. Siemens AG 18.3.9. Tesla 18.3.10. Schneider Electric SE 18.3.11. Samsung SDI 18.3.12. Gildemeister Energy Solutions 18.3.13. AEG Power Solutions 18.3.14. AES Corporation 18.3.15. Primus Power 18.3.16. Rongke Power 19. Primary Key Insights