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Global Battery Market for Energy Storage Systems Market 2023-2027

Publisher TechNavio
Published Feb 20, 2023
Length 174 Pages
SKU # INF17792685

Description

Global Battery Market for Energy Storage Systems (ESS) Market 2023-2027

Technavio has been monitoring the battery market for energy storage systems (ESS) market and is forecast to grow by $32,194.03 mn during 2022-2027, accelerating at a CAGR of 35.38% during the forecast period. Our report on the battery market for energy storage systems (ESS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by change in energy mix, increased need for backup power, and increasing economic benefits of ess.

Technavio's battery market for energy storage systems (ESS) market is segmented as below:

By Connectivity
  • On-grid
  • Off-grid
By Technology
  • Lithium-ion batteries
  • Flow batteries
  • Others
By Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the increased adoption of microgrids as one of the prime reasons driving the battery market for energy storage systems (ESS) market growth during the next few years. Also, declining costs of battery storage systems and requirement of continuous power supply in datacenters will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the battery market for energy storage systems (ESS) market covers the following areas:
  • Battery market for energy storage systems (ESS) market sizing
  • Battery market for energy storage systems (ESS) market forecast
  • Battery market for energy storage systems (ESS) market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading battery market for energy storage systems (ESS) market vendors that include ABB Ltd., AEG Power Solutions BV, Corvus Energy, East Penn Manufacturing Co. Inc., Exergonix Inc., General Electric Co., Hitachi Ltd., LG Corp., Mitsubishi Heavy Industries Ltd., Morimura Bros Inc., NEC Corp., PHL Group Inc., Siemens AG, SolarEdge Technologies Inc., TDK Corp., Tesla Inc., AES Corp., Toshiba Corp., Panasonic Holdings Corp., and Samsung Electronics Co. Ltd. Also, the battery market for energy storage systems (ESS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

174 Pages
    • Market overview
    • Market ecosystem
    • Market definition
    • Market segment analysis
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
    • Global battery market for energy storage systems (ESS) market 2017 - 2021
    • Connectivity Segment Analysis 2017 - 2021
    • Technology Segment Analysis 2017 - 2021
    • Geography Segment Analysis 2017 - 2021
    • Country Segment Analysis 2017 - 2021
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Connectivity
    • On-grid - Market size and forecast 2022-2027
    • Off-grid - Market size and forecast 2022-2027
    • Market opportunity by Connectivity
    • Market segments
    • Comparison by Technology
    • Lithium-ion batteries - Market size and forecast 2022- 2027
    • Flow batteries - Market size and forecast 2022-2027
    • Others - Market size and forecast 2022-2027
    • Market opportunity by Technology
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2022-2027
    • North America - Market size and forecast 2022-2027
    • Europe - Market size and forecast 2022-2027
    • Middle East and Africa - Market size and forecast 2022- 2027
    • South America - Market size and forecast 2022-2027
    • China - Market size and forecast 2022-2027
    • US - Market size and forecast 2022-2027
    • Australia - Market size and forecast 2022-2027
    • UK - Market size and forecast 2022-2027
    • Germany - Market size and forecast 2022-2027
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market trends
    • Overview
    • Vendor landscape
    • Landscape disruption
    • Industry risks
    • Vendors covered
    • Market positioning of vendors
    • ABB Ltd.
    • AEG Power Solutions BV
    • AES Corp.
    • Corvus Energy
    • East Penn Manufacturing Co. Inc.
    • Exergonix Inc.
    • General Electric Co.
    • Hitachi Ltd.
    • LG Corp.
    • NEC Corp.
    • Panasonic Holdings Corp.
    • Samsung Electronics Co. Ltd.
    • Siemens AG
    • SolarEdge Technologies Inc.
    • Tesla Inc.
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

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