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Global Battery Market for Energy Storage Systems (ESS) Market 2024-2028

Publisher TechNavio
Published Dec 06, 2023
Length 175 Pages
SKU # INF18379570

Description

Global Battery For Energy Storage Systems (ESS) Market 2024-2028


The battery for energy storage systems (ESS) market is forecasted to grow by USD 47.19 bn during 2023-2028, accelerating at a CAGR of 37.62% during the forecast period. The report on the battery 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 changing energy mix from fossil fuels to stainable and renewable energy resources, increased need for backup power, and increasing economic benefits of ess.

Technavio's battery 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 Geographical Landscape
  • 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 for energy storage systems (ESS) market growth during the next few years. Also, declining costs of battery storage systems and the requirement of continuous power supply in data centers will lead to sizable demand in the market.

The report on the battery for energy storage systems (ESS) market covers the following areas:
  • Battery for energy storage systems (ESS) market sizing
  • Battery for energy storage systems (ESS) market forecast
  • Battery for energy storage systems (ESS) market industry analysis
The 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 for energy storage systems (ess) market vendors that include ABB Ltd., AEG Power Solutions BV, Corvus Energy, dSPACE GmbH, East Penn Manufacturing Co. Inc., Exergonix Inc., General Electric Co., Hitachi Ltd., LG Electronics Inc., Mitsubishi Heavy Industries Ltd., NEC Corp., Panasonic Holdings Corp., Philadelphia Scientific LLC, Samsung SDI Co. Ltd., Siemens Energy AG, SolarEdge Technologies Inc., TDK Corp., Tesla Inc., The AES Corp., and Toshiba Corp. Also, the battery 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 and an analysis of the key vendors.

The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing 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. The 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

175 Pages
    • Market overview
    • Market ecosystem
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
    • Global battery market for energy storage systems (ESS) 2018 - 2022
    • Connectivity Segment Analysis 2018 - 2022
    • Technology Segment Analysis 2018 - 2022
    • Geography Segment Analysis 2018 - 2022
    • Country Segment Analysis 2018 - 2022
    • 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 2023-2028
    • Off-grid - Market size and forecast 2023-2028
    • Market opportunity by Connectivity
    • Market segments
    • Comparison by Technology
    • Lithium-ion batteries - Market size and forecast 2023- 2028
    • Flow batteries - Market size and forecast 2023-2028
    • Others - Market size and forecast 2023-2028
    • Market opportunity by Technology
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2023-2028
    • North America - Market size and forecast 2023-2028
    • Europe - Market size and forecast 2023-2028
    • Middle East and Africa - Market size and forecast 2023- 2028
    • South America - Market size and forecast 2023-2028
    • China - Market size and forecast 2023-2028
    • US - Market size and forecast 2023-2028
    • Australia - Market size and forecast 2023-2028
    • UK - Market size and forecast 2023-2028
    • Germany - Market size and forecast 2023-2028
    • 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
    • dSPACE GmbH
    • General Electric Co.
    • Hitachi Ltd.
    • LG Electronics Inc.
    • Mitsubishi Heavy Industries Ltd.
    • NEC Corp.
    • Panasonic Holdings Corp.
    • Philadelphia Scientific LLC
    • Samsung SDI Co. Ltd.
    • Siemens Energy AG
    • SolarEdge Technologies Inc.
    • TDK Corp.
    • Tesla Inc.
    • The AES Corp.
    • Toshiba Corp.
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

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