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Battery Energy Storage System: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Battery Energy Storage System: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The report on global battery energy storage system provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global battery energy storage system to grow with a CAGR of 32.2% over the forecast period of 2018-2024. The study on battery energy storage system covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Rapidly growing demand of renewable energy sources are the key factor driving the growth of battery energy storage system market worldwide. The several government organizations across various countries are taking the initiative to promote the use of renewable energy. The energy storage system plays important role in the renewable energy generation system as they helps to improve the reliability and flexibility of the system. The increasing adoption of lithium ions battery in the renewable power generation system is likely to escalate the demands of battery energy storage system market. Furthermore, the decreased pricing of lithium batteries is also one of the factors that helps to boost the growth of battery energy storage system market. However, the high initial investments are hampering the growth of battery energy storage system market. Moreover, ongoing developments in the renewable energy sector, and use of battery storage for residential application are projected to create several opportunities in the battery energy storage system market.
Geographically, North America holds the maximum share in the battery energy storage system market and expected to be the dominating region in this market over the forecast period. The rapidly increasing demand for battery required to store renewable energy and increase number of data centers powered through solar energy in North America are driving the growth of battery energy storage system market in this region. Furthermore, Asia Pacific is the fastest growing region in the battery energy storage system market owing to the growing adoption of renewable energy, favorable government policies and rapidly growing energy sector.
The report on battery energy storage system is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global battery energy storage system over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global battery energy storage system over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global battery energy storage system is segmented on the basis of technology, connection type and application.

Global Battery Energy Storage System by Technology
Lithium-Ion Batteries
Sodium–Sulfur Batteries
Lead-Acid Batteries
Flow Batteries
Others
Global Battery Energy Storage System by Connection Type
On-Grid Connection
Off-Grid Connection
Global Battery Energy Storage System by Application
Residential
Non-Residential
Utilities

Company Profiles
ABB
LG Chem
Panasonic
Samsung SDI
General Electri
Hitachi
Siemens AG
Tesla
NEC
AEG Power Solutions

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of battery energy storage system.
2. Complete coverage of all the segments in battery energy storage system to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global battery energy storage system. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.


The report on battery energy storage system is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global battery energy storage system over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.

1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
2.1. Battery Energy Storage System Highlights
2.2. Battery Energy Storage System Projection
2.3. Battery Energy Storage System Regional Highlights
3. Global Battery Energy Storage System Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Technology
3.4.2. IGR-Growth Matrix Analysis by Connection Type
3.4.3. IGR-Growth Matrix Analysis by Application
3.4.4. IGR-Growth Matrix Analysis by Region
3.5. Value chain Battery energy storage system
4. Battery Energy Storage System Macro Indicator Analysis
5. Global Battery Energy Storage System by Technology
5.1. Lithium-Ion Batteries
5.2. Sodium–Sulfur Batteries
5.3. Lead-Acid Batteries
5.4. Flow Batteries
5.5. Others
6. Global Battery Energy Storage System by Connection Type
6.1. On-Grid Connection
6.2. Off-Grid Connection
7. Global Battery Energy Storage System by Application
7.1. Residential
7.2. Non-Residential
7.3. Utilities
8. Global Battery Energy Storage System by Region 2018-2024
8.1. North America
8.1.1. North America Battery Energy Storage System by Technology
8.1.2. North America Battery Energy Storage System by Connection Type
8.1.3. North America Battery Energy Storage System by Application
8.1.4. North America Battery Energy Storage System by Country
8.2. Europe
8.2.1. Europe Battery Energy Storage System by Technology
8.2.2. Europe Battery Energy Storage System by Connection Type
8.2.3. Europe Battery Energy Storage System by Application
8.2.4. Europe Battery Energy Storage System by Country
8.3. Asia-Pacific
8.3.1. Asia-Pacific Battery Energy Storage System by Technology
8.3.2. Asia-Pacific Battery Energy Storage System by Connection Type
8.3.3. Asia-Pacific Battery Energy Storage System by Application
8.3.4. Asia-Pacific Battery Energy Storage System by Country
8.4. RoW
8.4.1. RoW Battery Energy Storage System by Technology
8.4.2. RoW Battery Energy Storage System by Connection Type
8.4.3. RoW Battery Energy Storage System by Application
8.4.4. RoW Battery Energy Storage System by Sub-region
9. Company Profiles and Competitive Landscape
9.1. Competitive Landscape in the Global Battery Energy Storage System
9.2. Companies Profiles
9.2.1. Abb
9.2.1.1. Overview
9.2.1.2. Company Snapshot
9.2.1.3. Financial Snapshot
9.2.1.4. Product portfolio
9.2.1.5. Recent developments
9.2.2. Lg Chem
9.2.2.1. Overview
9.2.2.2. Company Snapshot
9.2.2.3. Financial Snapshot
9.2.2.4. Product portfolio
9.2.2.5. Recent developments
9.2.3. Panasonic
9.2.3.1. Overview
9.2.3.2. Company Snapshot
9.2.3.3. Financial Snapshot
9.2.3.4. Product portfolio
9.2.3.5. Recent developments
9.2.4. Samsung Sdi
9.2.4.1. Overview
9.2.4.2. Company Snapshot
9.2.4.3. Financial Snapshot
9.2.4.4. Product portfolio
9.2.4.5. Recent developments
9.2.5. General Electri
9.2.5.1. Overview
9.2.5.2. Company Snapshot
9.2.5.3. Financial Snapshot
9.2.5.4. Product portfolio
9.2.5.5. Recent developments
9.2.6. Hitachi
9.2.6.1. Overview
9.2.6.2. Company Snapshot
9.2.6.3. Financial Snapshot
9.2.6.4. Product portfolio
9.2.6.5. Recent developments
9.2.7. Siemens Ag
9.2.7.1. Overview
9.2.7.2. Company Snapshot
9.2.7.3. Financial Snapshot
9.2.7.4. Product portfolio
9.2.7.5. Recent developments
9.2.8. Tesla
9.2.8.1. Overview
9.2.8.2. Company Snapshot
9.2.8.3. Financial Snapshot
9.2.8.4. Product portfolio
9.2.8.5. Recent developments
9.2.9. Nec
9.2.9.1. Overview
9.2.9.2. Company Snapshot
9.2.9.3. Financial Snapshot
9.2.9.4. Product portfolio
9.2.9.5. Recent developments
9.2.10. Aeg Power Solutions
9.2.10.1. Overview
9.2.10.2. Company Snapshot
9.2.10.3. Financial Snapshot
9.2.10.4. Product portfolio
9.2.10.5. Recent developments
10. Appendix
10.1. Primary research findings and questionnaire

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