Battery Energy Storage System Market with COVID-19 Impact by Element (Battery, Others), Battery Type (Lithium-Ion, Flow Batteries), Connection Type (On-Grid And Off-Grid), Ownership, Energy Capacity, Application, and Geography - Global Forecast to 2025

Battery Energy Storage System Market with COVID-19 Impact by Element (Battery, Others), Battery Type (Lithium-Ion, Flow Batteries), Connection Type (On-Grid And Off-Grid), Ownership, Energy Capacity, Application, and Geography - Global Forecast to 2025

The global battery energy storage system market size is expected to grow at a CAGR of 32.8% from 2020 to 2025, reaching USD 12.1 billion by 2025 from USD 2.9 billion in 2020. Lithium-ion energy storage systems allow increased energy storage, thereby enabling low-cost wind and solar energy to enter grids. This, in turn, reduces the carbon dioxide emissions and lowers the overall power costs. Various players in the market are working toward improving the performance of lithium-ion batteries that makes them an attractive option for stationary energy storage applications. Cells or batteries embedded in battery energy storage systems play an important role in deciding the service life of these systems. LG Chem (South Korea), Panasonic (Japan), and Samsung SDI (South Korea) are some companies providing lithium-ion batteries and using them in their battery energy storage systems. The declining price of lithium-ion batteries is anticipated to act as an opportunity for energy storage system providers. This, in turn, is expected to contribute to the production of battery energy storage systems enabled with lithium-ion batteries.

“Battery energy storage system market to be driven by on-grid connection system during the forecast period”
The on-grid connection type segment is expected to hold a significant share of the battery energy storage system indsutry during the forecast period. The on-grid connections exhibit lower upfront costs than the off-grid system, as the surplus energy is sent to the grid, which can be used later on a meter basis. The reduction in the energy bills for the customers relying on the utility grid for electricity is expected to drive the growth of the segment. The demand for grid modernization from renewable energies suppliers and new regulatory policies for the energy sector are driving the growth of the on-grid battery energy storage system market for utilities.

“Utility-owned segment to grow at significant CAGR during the forecast period”
The ability of the utility-owned battery energy storage systems to manage large energy requirements during peak hours is increasing their adoption. The customers of utility-owned battery energy storage systems need to pay monthly fees based on the power usage. The utility-owned energy storage companies invest in energy storage to overcome the high cost of electrical T&D by fulfilling the growing demand for electricity. According to the Energy Storage Association, in the US, the utility based-battery storage installed capacity grew by 221 MW in 2016. This shows the high dependence of the customers on the utility-owned battery storage systems for their energy requirements.

“Battery energy storage system market in APAC to witness the highest growth rate in the coming years”
The battery energy storage system industry in APAC is expected to grow at the highest CAGR from 2020 to 2025. The governments of various countries in this region focus on minimizing the adverse effects of the energy sector on the environment. These factors lead to the growth in the deployment of battery energy storage systems in residential and public utility applications. Some of the major battery energy storage system manufacturers based in APAC are Samsung SDI, LG Chem, Hitachi, Toshiba, TrinaBESS, NGK INSULATORS, LTD., Delta Electronics, Inc., Panasonic, and NEC Corporation.

According to a World Bank report by World Economic and Financial Surveys, growth momentum in the largest economies in Asia Pacific will be impacted due to COVID-19, reflecting in government policies and projects over concern in China and Japan, which, in turn, is harming other economies in Asia. The rising number of active cases in the region has led to a significant drop in the demand for transportation connectivity, which has correspondingly declined the growth of investments in the associated sector.

Break-up of the profiles of primary participants:
• By Company Type: Tier 1 = 36 %, Tier 2 = 29%, and Tier 3 = 35%
• By Designation: C-Level Executives = 42%, Directors = 37%, and Others = 21%
• By Region: North America = 49%, Europe = 24%, APAC = 21%, and RoW = 6%

The key players in the battery energy storage system market include ABB (Switzerland), Panasonic (Japan), Siemens AG (Germany), Samsung SDI (South Korea), LG Chem (South Korea), General Electric (US), Hitachi (Japan), Tesla (US), Toshiba (Japan), AEG Power Solutions (Netherlands), The AES Corporation (US), Delta Electronics, Inc. (Taiwan), TrinaBESS (China), Primus Power (US), NEC Corporation (Japan), BYD (China), and Johnson Controls (US).

The battery energy storage system market has been segmented into element, battery type, connection type, ownership, energy capacity, application, and region. Based on element, the market has been segmented into battery and other elements. Based on battery type, the market has been segmented into lithium-ion batteries, lead-acid batteries, flow batteries, and other batteries. Based on connection type, the battery energy storage system market has been segmented into on-grid connection type and off-grid connection type. Based on ownership, the market has been segmented into customer-owned, third-party-owned, and utility-owned. Based on energy capacity, the battery energy storage system market has been segmented into below 100 MWh, between 100 and 500 MWh, and above 500 MWh. Applications studied in the report include residential, commercial, and utilities. The battery energy storage system market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

Reasons to buy the report:
• Illustrative segmentation, analysis, and forecast of the market based on element, battery type, connection type, ownership, energy capacity, application, and region have been conducted to give an overall view of the battery energy storage system market.
• A value chain analysis has been performed to provide in-depth insights into the battery energy storage system market.
• The key drivers, restraints, opportunities, and challenges pertaining to the battery energy storage system market have been detailed in this report.
• The report comprises average selling price trends, battery ecosystem analysis, technology analysis, case studies, patents, standards, and regulations with respect to battery energy storage systems.
• Market evaluation framework, market share analysis for 2019, winning strategies by the companies to gain market share in the competitive landscape section has been provided in the report.
• Detailed information regarding the COVID-19 impact on the battery energy storage system market has been provided in the report.
• The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
      • INCLUSIONS AND EXCLUSIONS
    • STUDY SCOPE
      • MARKET COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
    • SUMMARY OF CHANGES
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table BATTERY ENERGY STORAGE SYSTEM MARKET, IN TERMS OF VALUE AND VOLUME, 2016–2019
    • Table BATTERY ENERGY STORAGE SYSTEM MARKET, IN TERMS OF VALUE AND VOLUME, 2020–2025
    • PRE-COVID-19 SCENARIO
      • Table PRE-COVID-19 SCENARIO: BATTERY ENERGY STORAGE SYSTEM MARKET
    • POST-COVID-19 SCENARIO
      • Table POST-COVID-19 SCENARIO: BATTERY ENERGY STORAGE SYSTEM MARKET
    • OPTIMISTIC SCENARIO (POST-COVID-19)
      • Table OPTIMISTIC SCENARIO (POST-COVID-19): BATTERY ENERGY STORAGE SYSTEM MARKET
    • PESSIMISTIC SCENARIO (POST-COVID-19)
      • Table PESSIMISTIC SCENARIO (POST-COVID-19): BATTERY ENERGY STORAGE SYSTEM MARKET
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN BATTERY ENERGY STORAGE SYSTEM MARKET
    • BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY
    • BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE
    • BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
    • BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
    • BATTERY ENERGY STORAGE SYSTEM MARKET IN APAC, BY COUNTRY AND APPLICATION
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN OF BATTERY ENERGY STORAGE INDUSTRY
      • COVID-19 IMPACT ON VALUE CHAIN
    • AVERAGE SELLING PRICE TREND
    • BATTERY ECOSYSTEM ANALYSIS
    • CASE STUDIES
    • PATENTS
      • Table PATENTS IN BATTERY ENERGY STORAGE SYSTEM MARKET
    • TECHNOLOGY ANALYSIS
      • Table COMPARISON OF ENERGY STORAGE TECHNOLOGIES
      • Table CHARACTERISTICS OF BATTERY TECHNOLOGIES IN BATTERY ENERGY STORAGE SYSTEMS
    • STANDARDS AND REGULATIONS FOR BATTERY ENERGY STORAGE SYSTEMS
      • Table REGULATIONS AND STANDARDS FOR BATTERY ENERGY STORAGE SYSTEMS
  • INDUSTRY TRENDS
    • INTRODUCTION
    • SOFTWARE & SERVICES IN BATTERY ENERGY STORAGE SYSTEM
      • SERVICES
    • LIST OF INSTALLED BATTERY ENERGY STORAGE SYSTEM PROJECTS IN 2019
      • Table BATTERY ENERGY STORAGE SYSTEMS INSTALLED IN 2019
    • CUSTOMER ANALYSIS – POST-COVID-19
      • SHIFT IN LITHIUM-ION BATTERIES
      • SHIFT IN LEAD-ACID BATTERIES
  • BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2016–2019 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2020–2025 (USD MILLION)
    • BATTERY
      • BATTERY SELECTION IS ONE OF THE IMPORTANT CRITERIA FOR DEVELOPMENT OF BATTERY ENERGY STORAGE SYSTEM
    • OTHER ELEMENTS
      • HARDWARE
      • OTHERS
  • BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
    • INTRODUCTION
      • Table COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2016–2019 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020–2025 (USD MILLION)
    • LITHIUM-ION BATTERIES
      • BESS EQUIPPED WITH LI-ION BATTERIES ARE WIDELY USED SYSTEMS DUE TO THEIR HIGH ENERGY DENSITY
        • Table LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020–2025 (USD MILLION)
        • Table LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY CAPACITY, 2016–2019 (USD MILLION)
        • Table LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY CAPACITY, 2020–2025 (USD MILLION)
        • Table LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
        • Table LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2016–2019 (USD MILLION)
        • Table LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020–2025 (USD MILLION)
    • LEAD-ACID BATTERIES
      • LEAD-ACID BATTERY IS A MATURE TECHNOLOGY USED IN GRID ENERGY STORAGE, OFF-GRID HOUSEHOLD ELECTRIC POWER SYSTEMS, AND EMERGENCY LIGHTING APPLICATIONS
        • Table LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECT TYPE, 2020–2025 (USD MILLION)
        • Table LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY CAPACITY, 2016–2019 (USD MILLION)
        • Table LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY CAPACITY, 2020–2025 (USD MILLION)
        • Table LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
        • Table LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2016–2019 (USD MILLION)
        • Table LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020–2025 (USD MILLION)
    • FLOW BATTERIES
      • SEVERAL ADVANTAGES OF FLOW BATTERIES OVER OTHER BATTERY TECHNOLOGIES TO BOOST THEIR DEMAND
        • Table FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECT TYPE, 2020–2025 (USD MILLION)
        • Table FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY CAPACITY, 2016–2019 (USD MILLION)
        • Table FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY CAPACITY, 2020–2025 (USD MILLION)
        • Table FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
        • Table FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2016–2019 (USD MILLION)
        • Table FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020–2025 (USD MILLION)
    • OTHERS
      • SODIUM–BASED BATTERIES
      • NICKEL–CADMIUM BATTERY
      • NICKEL-METAL HYDRIDE BATTERY
      • NICKEL–IRON BATTERY
        • Table OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECT TYPE, 2020–2025 (USD MILLION)
        • Table OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY CAPACITY, 2016–2019 (USD MILLION)
        • Table OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY CAPACITY, 2020–2025 (USD MILLION)
        • Table OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
        • Table OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2016–2019 (USD MILLION)
        • Table OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020–2025 (USD MILLION)
  • BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2020–2025 (USD MILLION)
    • ON-GRID CONNECTION
      • LOAD LEVELING, PEAK SHAVING, STABLE PRICING, AND POWER DEMAND MANAGEMENT ARE MAJOR APPLICATIONS OF ON-GRID CONNECTED BATTERY ENERGY STORAGE SYSTEM
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE, BY ENERGY CAPACITY, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE, BY ENERGY CAPACITY 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE, BY APPLICATION, 2020–2025 (USD MILLION)
    • OFF-GRID CONNECTION
      • AN EFFECTIVE MEANS FOR ELECTRIFYING RURAL LOCATIONS AWAY FROM GRID
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE, BY ENERGY CAPACITY, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE, BY ENERGY CAPACITY, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE, BY APPLICATION, 2020–2025 (USD MILLION)
  • BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2016–2019 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2020–2025 (USD MILLION)
    • CUSTOMER-OWNED
      • MAJORLY USED FOR STORING SOLAR ENERGY IN SELFCONSUMPTION RESIDENTIAL AREAS TO REDUCE COMMUNICATION LOAD FROM GRIDS
    • THIRD-PARTY-OWNED
      • THIRD-PARTY OWNER ACTS AS AN AGGREGATOR AND MAKES ITS OWN RATE STRUCTURE WHEN OFFERING ELECTRICITY TO CONSUMERS OR END USERS
    • UTILITY-OWNED
      • DECLINE IN DEMAND FOR UTILITY-OWNED ENERGY STORAGE SYSTEMS DUE TO COVID-19 PANDEMIC
  • BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2016–2019 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2020–2025 (USD MILLION)
    • BELOW 100 MWH
      • BATTERY ENERGY STORAGE SYSTEMS WITH LOW ENERGY CAPACITY ARE MOSTLY SUITABLE FOR RESIDENTIAL- OR COMMUNITY-BASED STORAGE SYSTEMS
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY APPLICATION, 2020–2025 (USD MILLION)
    • BETWEEN 100 AND 500 MWH
      • BATTERY ENERGY STORAGE SYSTEMS OF ENERGY CAPACITY BETWEEN 100 AND 500 MWH INCREASE NEED FOR FREQUENCY CONTROL SERVICES TO MANAGE HIGH VARIABILITY AND UNCERTAINTY IN POWER SYSTEM
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 AND 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 AND 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 AND 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 AND 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 AND 500 MWH ENERGY CAPACITY, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 AND 500 MWH ENERGY CAPACITY, BY APPLICATION, 2020–2025 (USD MILLION)
    • ABOVE 500 MWH
      • OFFER EXTENDED SERVICE LIFE AND CAN BE USED FOR PEAK LOAD REGULATION IN SUPPORT OF A LARGE GRID
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY APPLICATION, 2020–2025 (USD MILLION)
  • BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    • IMPACT OF COVID-19 ON APPLICATIION SEGMENTS OF BATTERY ENERGY STORAGE SYSTEMS MARKET
    • RESIDENTIAL
      • DELAYS IN INSTALLATION OF RESIDENTIAL ENERGY STORAGE PROJECTS AT CUSTOMER FACILITIES DUE TO TRAVEL RESTRICTIONS IN COVID-19 CRISIS
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY CONNECTION TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY ENERGY CAPACITY, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY ENERGY CAPACITY, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2020–2025 (USD MILLION)
    • COMMERCIAL
      • BATTERY ENERGY STORAGE SYSTEMS ARE WIDELY USED IN UPS IN NON-RESIDENTIAL SECTOR
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY CONNECTION TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY ENERGY CAPACITY, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY ENERGY CAPACITY, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2020–2025 (USD MILLION)
    • UTILITY
      • DECLINE IN DEMAND FOR ELECTRICITY DUE TO COVID-19 HAS AFFECTED GROWTH OF POWER DISTRIBUTION COMPANIES AND UTILITY PROVIDERS
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY CONNECTION TYPE, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY CONNECTION TYPE, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY ENERGY CAPACITY, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY ENERGY CAPACITY, 2020–2025 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY REGION, 2016–2019 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY REGION, 2020–2025 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2016–2019 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020–2025 (USD MILLION)
    • NORTH AMERICA
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET: PRE- AND POST-COVID-19 SCENARIOS IN NORTH AMERICA, 2016–2025 (USD MILLION)
      • US
      • CANADA
      • MEXICO
        • Table NORTH AMERICA BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
        • Table NORTH AMERICA BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
        • Table NORTH AMERICA BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table NORTH AMERICA BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table NORTH AMERICA BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table NORTH AMERICA BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    • EUROPE
      • GERMANY
      • UK
      • FRANCE
      • REST OF EUROPE
        • Table EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
        • Table EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
        • Table EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    • APAC
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET: PRE- AND POST-COVID-19 SCENARIOS IN APAC, 2020–2025 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF APAC
        • Table APAC BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
        • Table APAC BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
        • Table APAC BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table APAC BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table APAC BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table APAC BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • SOUTH AMERICA
      • MIDDLE EAST & AFRICA
        • Table ROW BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2016–2019 (USD MILLION)
        • Table ROW BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2020–2025 (USD MILLION)
        • Table ROW BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2016–2019 (USD MILLION)
        • Table ROW BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2020–2025 (USD MILLION)
        • Table ROW BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        • Table ROW BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET EVALUATION FRAMEWORK
    • MARKET SHARE ANALYSIS
    • WINNING STRATEGIES TO GAIN MARKET SHARE
      • SHORT-TERM STRATEGIES
      • LONG-TERM STRATEGIES
    • SOME COMPANIES AND THEIR BUSINESS PLANS
    • COMPETITIVE SITUATIONS AND TRENDS
      • AGREEMENTS, CONTRACTS, COLLABORATIONS, AND PARTNERSHIPS
      • PRODUCT LAUNCHES
      • EXPANSIONS AND ACQUISITIONS
  • COMPANY EVALUATION MATRIX AND COMPANY PROFILES
    • INTRODUCTION
      • IMPACT OF COVID-19 ON BATTERY ENERGY STORAGE SYSTEM MARKET
    • COMPANY EVALUATION MATRIX
      • STAR
      • PERVASIVE
      • EMERGING LEADERS
      • PARTICIPANT
    • KEY PLAYERS
      • ABB
      • LG CHEM
      • PANASONIC
      • SAMSUNG SDI
      • SIEMENS AG
      • GENERAL ELECTRIC
      • HITACHI
      • TESLA
      • TOSHIBA
      • AEG POWER SOLUTIONS
    • RIGHT TO WIN
    • OTHER KEY PLAYERS
      • THE AES CORPORATION
      • EXERGONIX
      • CORVUS ENERGY
      • EAST PENN MANUFACTURING COMPANY
      • ENERDEL
      • DELTA ELECTRONICS, INC.
      • NGK INSULATORS, LTD.
      • TRINABESS
      • PRIMUS POWER
      • HONEYWELL INTERNATIONAL
      • NEC CORPORATION
      • BYD
      • NEXTERA ENERGY
      • PARK HANNIFIN
      • JOHNSON CONTROLS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook