The Worldwide Battery Energy Storage System Industry is Expected to Reach $14.5 Billion by 2027

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Jun 02, 2022, 18:15 ET

DUBLIN, June 2, 2022 /PRNewswire/ -- The "Global Battery Energy Storage System Market (2022-2027) by Component, Connection Type, Ownership, Energy Capacity, Application, End User, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Battery Energy Storage System Market is estimated to be USD 3.9 Bn in 2022 and is expected to reach USD 14.59 Bn by 2027, growing at a CAGR of 30.2%.

Market dynamics are forces that impact the prices and behaviors of the Global Battery Energy Storage System Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are ABB Ltd, Black & Veatch Holding Company, Corvus Energy, Delta Electronics Inc., East Penn Manufacturing Company, EnerDel, Inc., EVE Energy, Fluence Energy (Siemens and AES Company), General Electric, Hitachi, Ltd., Honeywell International, Inc., Johnson Controls International, etc.

Countries Studied

America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Battery Energy Storage System Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Battery Energy Storage System Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, this Global Research has devised suitable strategies for market growth.

Why buy this report?

The report offers a comprehensive evaluation of the Global Battery Energy Storage System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics
4.1 Drivers
4.1.1 Rising Demand for Grid Energy Storage Systems
4.1.2 Growing Adoption of Lithium Battery in Renewable Energy
4.2 Restraints
4.2.1 High Capital Expenditure for Energy Installation
4.2.2 Continuous Disruptions in Supply Chain
4.3 Opportunities
4.3.1 Increasing Rural Electrification Projects Worldwide
4.3.2 Stringent Carbon Reduction Norms
4.4 Challenges
4.4.1 Installation Complexities at Islands or in Remote Areas

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis

6 Global Battery Energy Storage System Market, By Component
6.1 Introduction
6.2 Battery
6.2.1 Lithium-ion
6.2.2 Lead-acid
6.2.3 Flow
6.2.4 Others
6.3 Other Hardware

7 Global Battery Energy Storage System Market, By Connection Type
7.1 Introduction
7.2 On-Grid Connection
7.3 Off-Grid Connection

8 Global Battery Energy Storage System Market, By Ownership
8.1 Introduction
8.2 Customer-Owned
8.3 Third-Party-Owned
8.4 Utility-Owned

9 Global Battery Energy Storage System Market, By Energy Capacity
9.1 Introduction
9.2 Below 100 Mwh
9.3 Between 100 And 500 Mwh
9.4 Above 500 Mwh

10 Global Battery Energy Storage System Market, By Application

10.1 Introduction
10.2 Load Management (Energy Demand Management)
10.3 Energy Time-Shift (Arbitrage)
10.4 Backup Power
10.5 Black-Start Capability
10.6 Frequency Control
10.7 Renewable Energy Integration
10.8 Transmission and Distribution (T&D) Deferral
10.9 Microgrids

11 Global Battery Energy Storage System Market, By End User
11.1 Introduction
11.2 Residential
11.3 Commercial
11.4 Utility

12 Americas' Battery Energy Storage System Market

13 Europe's Battery Energy Storage System Market

14 Middle East and Africa's Battery Energy Storage System Market

15 APAC's Battery Energy Storage System Market

16 Competitive Landscape
16.1 Competitive Quadrant
16.2 Market Share Analysis
16.3 Strategic Initiatives
16.3.1 M&A and Investments
16.3.2 Partnerships and Collaborations
16.3.3 Product Developments and Improvements

17 Company Profiles
17.1 ABB Ltd
17.2 AES Corporation
17.3 Black & Veatch Holding Company
17.4 BYD Company Limited
17.5 Corvus Energy
17.6 Delta Electronics Inc.
17.7 East Penn Manufacturing Company
17.8 EnerDel, Inc.
17.9 EVE Energy
17.10 Fluence Energy (Siemens and AES Company)
17.11 General Electric
17.12 Hitachi, Ltd.
17.13 Honeywell International, Inc.
17.14 Johnson Controls International
17.15 Kokam (SolarEdge)
17.16 LG Energy Solutions CO., LTD.
17.17 Mitsubishi Heavy Industries Ltd.
17.18 Narada Power
17.19 NEC Corporation
17.20 Nextera Energy, Inc.
17.21 NGK Insulators, Ltd.
17.22 Panasonic Corporation
17.23 Parker Hannifin Corp
17.24 Primus Power Solutions
17.25 Samsung SDI Co., Ltd.
17.26 Siemens Energy
17.27 Toshiba Corporation

18 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/y5zze0