Global Battery Energy Storage Market Report 2023-2030: Regional Forecast and Analysis of How Residential, Commercial & Industrial, and Grid-scale Battery Storage Capacity and Investments will Evolve

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Mar 21, 2023, 12:45 ET

DUBLIN, March 21, 2023 /PRNewswire/ -- The "Battery Energy Storage Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Global battery energy storage (BES) deployment grew 51.8% in 2022 from 2021, with 17.54 GW/38.2 GWh commissioned. 2022 was a historic turning point in the clean energy transition.

This study provides a regional-level forecast and analysis of how residential, commercial and industrial, and grid-scale battery storage capacity and investments will evolve through the course of this decade, with deep dives into main countries. It discusses the main trends in supply, technology, business models, and use cases.

In addition, it highlights growth opportunities for industry participants, including co-location, second-life batteries, and digital products.

Despite constraints in the supply of critical minerals and materials, shipping, and sitting and permitting processes, BES is a burgeoning technology poised for accelerated growth. A mix of geopolitical, economic, and climate factors pushed governments to scale the extent and pace of climate action.

Governments formed policies and plans with long-term effects for renewable energy (RE) and BES, a critical element for the much-needed flexibility and resilience that modern energy systems require. The global market to grow nearly six-fold, reaching $71.98 billion with a cumulative capacity of 499.10 GW/1,340.00 GWh by 2030.

BES market expansion is bringing higher sophistication and specialization through the value chain, leading to the diversification of business models and opportunities in BES systems.

Considerable growth is expected in AI-based software platforms, multi-technology power purchase agreements (PPAs), second-life applications, and increasing use of batteries in hybrid systems, data centers, fast charging infrastructure, power retailers' net-zero homes programs, and virtual power plants (VPPs).

Key Topics Covered:

1. Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Battery Energy Storage Industry
Growth Opportunities Fuel the Growth Pipeline Engine
Key Findings
Scope of Analysis

2. Trend Analysis

R&D for New Chemistries Continues, but the Market is Still Not Diversified
Merchant BES Is on the Rise
Lithium, is it the Limiting Factor?
Solar plus Storage Is the Perfect Match
Flow Batteries, How Much Longer Should We Wait?
AI-based Software Platforms for BES
Circular Economy is Benefitting BES
Transport Electrification is Driving Stationary BES Businesses
Supply Chain Localization
24-7 Clean Electricity
Beyond MW and MWh Counts, Innovative Business Models to Drive Higher Revenue from BES
Co-located BES
Growth Opportunities Snapshot

3. Growth Opportunity Analysis

BES Use Cases
Market Attractiveness Assessment by Segment and Region
What do Attractive Markets for BES Have in Common?
Value Chain Analysis - Front-of-the-Meter BES
Key Competitors - Front-of-the-Meter BES
Value Chain Analysis - Behind-the-Meter BES
Key Competitors - Behind-the-Meter BES
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Cumulative Power Capacity Forecast
Annual Power Capacity Forecast
Annual Energy Capacity Forecast
Revenue Forecast
Capacity and Revenue Forecast Analysis

4. Segment Analysis - Residential BES

Growth Metrics - Residential
Annual Energy Capacity Forecast - Residential
Unit Forecast - Residential
Forecast Analysis - Residential

5. Segment Analysis - Commercial and Industrial BES

Growth Metrics - Commercial and Industrial
Annual Energy Capacity Forecast - Commercial and Industrial
Power Capacity Forecast - Commercial and Industrial
Forecast Analysis - Commercial and Industrial

6. Segment Analysis - Grid-scale BES

Growth Metrics - Grid-scale
Annual Energy Capacity Forecast - Grid-scale
Cumulative Annual Power Capacity Forecast - Grid-scale
Forecast Analysis - Grid-scale

7. Regional Analysis - Europe

Cumulative Power Capacity Forecast by Segment - Europe
Cumulative Power Capacity Forecast by Country - Europe
Forecast Analysis - Europe

8. Regional Analysis - North America

Cumulative Power Capacity Forecast by Segment - North America
Cumulative Power Capacity Forecast by Country - North America
Forecast Analysis - North America

9. Regional Analysis - Asia

Cumulative Power Capacity Forecast by Segment - Asia
Cumulative Power Capacity Forecast by Country - Asia
Forecast Analysis - Asia

10. Regional Analysis - Latin America, Middle East and Africa

Cumulative Power Capacity Forecast by Segment - Latin America, Middle East and Africa
Cumulative Power Capacity Forecast by Region - Latin America, Middle East and Africa
Forecast Analysis - Latin America, Middle East and Africa

11. Key Country Analysis

Germany
Italy
United Kingdom
United States
Canada
China
India
Australia
Japan

12. Growth Opportunity Universe

Energy Storage-as-a-Service for C&I Customers
Mobile Energy Storage Rentals for Grid Enhancement
Optimization and Trading Platforms to Maximize Value for Merchant Storage
EV's Second-life Batteries for Stationary Storage
Grid-Interactive Low-Carbon Data Centers
Gas Turbines/Generators + Storage Retrofits

For more information about this report visit https://www.researchandmarkets.com/r/4vk6ts

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