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Global Utility-scale Grid-connected Battery Energy Storage Systems Market

Global Utility-scale Grid-connected Battery Energy Storage Systems Market

Rapid growth in variable renewable energy generation globally, particularly wind and Photovoltaics (PV), and new regulatory policies governing performance criteria for their interconnection with the grid are driving the demand for grid-modernisation through rapid response storage technologies such as Battery Energy Storage Systems (BESS).

Battery storage has the ability to provide flexibility to the grid across a variety of end-use applications, however, current core drivers to the adoption of the technology is its ability to provide distributed, variable renewable energy firming and energy time-shift, along with rapid short-term electricity balancing for ancillary markets.

Due to the rapid development of associated battery markets for Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), consumer electronics, and wearable products (e.g. mobile phones) and the resulting substantial growth in technological development, manufacturing capacity, and cost reductions, battery technology is currently one of the most promising distributed storage options for future commercialisation.

The market is in its very early stages of development, and there are still significant challenges that need to be overcome for the technology to grow.

Significant strides have been made in technological advancements, along with substantial growth in manufacturing in response to associated demand markets, resulting in price reductions and growing policy support in core markets.

About this report

The battery energy storage system (BESS) market is poised to enter a period of dynamic growth on a global level. In the markets for utility-scale grid-connected solutions, commercialisation will begin to accelerate after 2017 with the subsequent years bringing huge opportunities for companies that have the technological capabilities to compete. Rapid growth in variable renewable energy generation and new regulatory policies governing performance criteria for their interconnection with the grid are driving the demand for grid-modernisation, with BESS being a key enabler of growth due to its flexibility and versatility. The period of study is 2014 to 2024.


  • Executive Summary
    • Key Findings
    • Market Engineering Measurements
    • CEO's Perspective
    • Associated Multimedia and Related Research
  • Market Overview
    • Market Definitions
    • Value-Chain Scope
    • Technology Scope
    • Technology Comparison
    • End-use Applications
    • Research Aim and Objectives
  • Drivers and Restraints-Total Utility-scale Grid-connected BESS Market
    • Market Drivers
    • Market Restraints
  • Governing Policies-Total Utility-scale Grid-connected BESS Market
    • California Energy Storage Mandate
      • Table Total Utility-scale Grid-connected BESS Market: Proposed Energy Storage Procurement Targets (MW), California-US, 2014-2020
    • The American Recovery and Reinvestment Act of 2009
      • Table Total Utility-scale Grid-connected BESS Market: Funding Awarded to Energy Projects by the ARRA Through the US DoE, US, 2013
    • Other Regulations
  • Market Size and Trends-Total Utility-scale Grid-connected BESS Market
    • Market Engineering Measurements
      • Table Total Utility-scale Grid-connected BESS Market: Market Engineering Measurements, Global, 2014
    • Product Lifecycle
    • Market Size
    • End-use Market Medians-kW, kWh and Discharge Duration
    • Geographic Segmentation
    • Geographic Segmentation-Japan
    • Geographic Segmentation-US
    • Geographic Segmentation-China
    • Geographic Segmentation-Germany
    • Geographic Segmentation-Italy
    • Geographic Segmentation-South Korea
    • Geographic Segmentation-Chile
    • Application Segmentation
    • Application Segmentation-Associated Applications
    • End-user Segmentation
    • Market Distribution Channels
  • Technology Segmentation-Total Utility-scale Grid-connected BESS Market
    • Technology Segmentation
  • Forecasts and Trends-Market Requirements
    • Market Requirements
  • Forecasts and Trends-Technical Requirements
    • Frequency Regulation: Short Duration
    • Renewable Integration: Short Duration
    • T&D Upgrade Deferral: Long Duration
    • Load Following: Long Duration
    • Electricity Energy Time Shift: Long Duration
    • Technical Requirements
      • Table Technical Requirements
    • NPV Versus Gross Benefit
    • NPV Benchmarking
  • Forecasts and Trends-Historic Market Trends
    • Historic Market Growth
      • Table Total Utility-scale Grid-connected BESS Market: Operational Installed Power, Global, 2004-2014
    • Market Growth
    • Growth of Revenue Attributed to Capital Cost
      • Table Total Utility-scale Grid-connected BESS Market: Annual Revenue Segmentation by Core Capital Cost Components, Global, 2004-2014
  • Forecasts and Trends-Market Forecasts
    • Forecast Operational GWs of Battery Storage
    • Forecast Revenues Attributed to Capital Cost
  • Competitor Analysis
    • Revenue Market Share-Total Market
    • Revenue Market Share-5 Year Evolution
    • Market Share Analysis
    • Competitor Profiles
    • Revenue Market Share-Lead-acid Battery Market
    • Revenue Market Share-Lithium-ion Battery Market
    • Revenue Market Share-Sodium-based Battery Market
    • Revenue Market Share-VRBS Flow Battery Market
    • Revenue Market Share-ZnBr Flow Battery Market
    • Capacity Market Share-Operational Installed Power (kW)
  • The Last Word
    • The Last Word-Three Big Predictions
  • Battery Technologies
    • Lithium-ion Batteries
    • Lead-acid Batteries
    • Sodium-based Batteries
    • Flow Batteries
    • Nickel Batteries
  • Methodology-Historic Market Trends
    • Methodology
      • Table Utility-scale Grid-connected BESS Market: Cost Breakdown of Grid-Scale Battery Storage Technologies, US, 2013
  • Methodology-Market Forecasts
    • Methodology
  • Market Engineering Methodology and Next Steps
    • Market Engineering Methodology

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