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Battery Energy Storage System Market by Battery Type (Lithium-Ion, Advanced Lead Acid, Flow Batteries,, & Sodium Sulfur), Connection Type (On-Grid and Off-Grid), Ownership, Revenue Source, Application, and Geography - Global Forecast to 2022

Battery Energy Storage System Market by Battery Type (Lithium-Ion, Advanced Lead Acid, Flow Batteries,, & Sodium Sulfur), Connection Type (On-Grid and Off-Grid), Ownership, Revenue Source, Application, and Geography - Global Forecast to 2022

“Government support and grid-connected solutions are expected to drive the growth of the battery energy storage system market”
The global battery energy storage system market is estimated to grow at a CAGR of 37.0% between 2016 and 2022 and is expected to reach USD 6.81 billion by 2022. The factors driving the battery energy storage system market are the increasing demand for grid-connected solutions, growing electric vehicle market, high requirement of lithium-ion batteries in various applications, and government support are expected to boost the growth of the battery energy storage system market.

“Electric vehicles to gain maximum traction during the forecast period”
The residential and transportation application areas offer a huge growth potential for battery energy storage system. The electric vehicles are expected to gain traction as they are zero-emission vehicles and produce no direct emissions. The BEVs use no other fuel and widespread use of these vehicles could dramatically reduce the petroleum consumption. These factors are expected to drive the high adoption of electric vehicles, thereby supporting the growth of the battery market. Major countries have defined their long-term targets for electric vehicles deployment. It is estimated that around 20 million electric vehicles would be on road globally by 2020. Major countries contributing to the electric vehicle sales are China, the U.S., Japan, Spain, France, Germany, Portugal, the Netherlands, and India.

“Asia-Pacific expected to grow at a high CAGR by 2022”
North America is estimated to hold the largest market share by 2022; however, APAC is expected to grow at a high CAGR between 2016 and 2022. The major factor driving the growth of the battery energy storage system market in APAC is the growing number of battery energy storage system installations and electric vehicle market. According to USGS, the highest number of mine production of vanadium flow batteries was contributed by China in 2013 and 2014. These factors are expected to drive the growth of battery energy storage system in this region.

Several primary interviews have been conducted with market experts across four major geographies, namely, North America, Europe, Asia-Pacific, and Rest of the World (Middle East, Africa, and Latin America). The primary participants considered for the study are C-level executives, director level, and other executives from Tier 1, Tier 2, and Tier 3 companies. Break-up of profiles of primary participants are provided below:

By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
By Designation: C-Level – 30%, Director Level – 30%, and Manager Level – 40%
By Region: North America – 40%, Europe – 25%, APAC – 30%, and RoW – 5%
The companies involved in the development of the battery energy storage system market include ABB Ltd. (Switzerland), AEG Power Solutions (The Netherland), General Electric Co. (U.S.), Hitachi ltd (Japan), LG Chem. (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Samsung SDI Co., ltd. (South Korea), Siemens AG (Germany), and Tesla Motors ltd. (U.S.).

Reasons to Buy the Report:
This report includes the market statistics pertaining to battery type, connection type, ownership, application, and region, along with their respective market size.
The Porter’s five forces framework has been provided along with the value chain analysis to offer an in-depth insight into the battery energy storage system market.
Major drivers, restraints, and opportunities for the battery energy storage system market have been detailed in this report.
Illustrative segmentation, analysis, and forecast for the markets based on battery type, connection type, ownership, application, and region have been provided to give an overall view of the battery energy storage system market.
The detailed analysis of market by revenue sources is provided which gives in-depth qualitative aspects of the hardware, software, and services.
The detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • MARKET SEGMENTATION
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS-BATTERY ENERGY STORAGE SYSTEM MARKET
    • BATTERY ENERGY STORAGE SYSTEM MARKET, 2016-2022 (USD BILLION)
    • BATTERY ENERGY STORAGE SYSTEM MARKET, BY (2016-2022)
    • BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION AND GEOGRAPHY, 2016
    • BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE-2016
    • BATTERY ENERGY STORAGE SYSTEM MARKET, BY GEOGRAPHY-2016
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • BY BATTERY TYPE
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
      • BY APPLICATION
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
      • BY REVENUE SOURCE
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY REVENUE SOURCE
      • BY CONNECTION TYPE
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE
      • BY OWNERSHIP
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP
      • BY GEOGRAPHY
    • MARKET DYNAMICS
      • DRIVERS
        • Table INCREASING USE OF GRID FLEXIBILITY AND GRID-CONNECTED SOLUTIONS EXPECTED TO BOOST THE DEMAND
      • RESTRAINTS
        • Table REQUIREMENT OF HIGH INVESTMENT LIMITS THE GROWTH OF THIS MARKET
      • OPPORTUNITIES
        • Table BATTERY ENERGY STORAGE SYSTEM EXPECTED TO HAVE OPPORTUNITIES IN DATACENTERS
      • CHALLENGES
        • Table ISLAND AND OFF GRID BATTERY ENERGY STORAGE IS CHALLENGING
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • INTENSITY OF COMPETITIVE RIVALRY
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
  • MARKET ANALYSIS, BY BATTERY TYPE
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2013-2022 (USD MILLION)
    • LITHIUM-ION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR LITHIUM-ION BATTERY TYPE, BY OWNERSHIP, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR LITHIUM-ION BATTERY TYPE, BY APPLICATION, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR LITHIUM-ION BATTERY TYPE, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR LITHIUM-ION BATTERY TYPE, BY GEOGRAPHY, 2013-2022 (USD MILLION)
    • SODIUM-SULFUR (NAS) BATTERIES
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR SODIUM-SULFUR BATTERY TYPE, BY OWNERSHIP, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR SODIUM-SULFUR BATTERY TYPE, BY APPLICATION, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR SODIUM-SULFUR BATTERY TYPE, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR SODIUM-SULFUR BATTERY TYPE, BY GEOGRAPHY, 2013-2022 (USD MILLION)
    • FLOW BATTERIES
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR FLOW BATTERY TYPE, BY OWNERSHIP, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR FLOW BATTERY TYPE, BY APPLICATION, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR FLOW BATTERY TYPE, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR FLOW BATTERY TYPE, BY GEOGRAPHY, 2013-2022 (USD MILLION)
    • ADVANCED LEAD-ACID BATTERIES
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ADVANCED LEAD-ACID BATTERY TYPE, BY OWNERSHIP, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ADVANCED LEAD-ACID BATTERY TYPE, BY APPLICATION, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ADVANCED LEAD-ACID BATTERY TYPE, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ADVANCED LEAD-ACID BATTERY TYPE, BY GEOGRAPHY, 2013-2022 (USD MILLION)
    • OTHERS
      • NICKEL-CADMIUM BATTERY
      • NICKEL METAL HYDRIDE BATTERY
      • NICKEL IRON BATTERY
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER BATTERY TYPES, BY OWNERSHIP, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER BATTERY TECHNOLOGIES, BY APPLICATION, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER BATTERY TYPES, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER BATTERY TYPES, BY GEOGRAPHY, 2013-2022 (USD MILLION)
  • MARKET ANALYSIS, BY REVENUE SOURCE
    • INTRODUCTION
    • HARDWARE
    • SOFTWARE & SERVICES
      • SOFTWARE
      • SERVICES
  • MARKET ANALYSIS, BY CONNECTION TYPE
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
    • ON-GRID CONNECTION TYPE
      • LARGE-SCALE ENERGY STORAGE EXPECTED TO DRIVE THE GROWTH OF THE BESS MARKET
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION, BY BATTERY TYPE, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION, BY OWNERSHIP, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION, BY APPLICATION, 2013-2022 (USD MILLION)
    • OFF-GRID CONNECTION TYPE
      • GROWING USE OF OFF-GRID CONNECTION TYPE IN VARIOUS APPLICATIONS SUPPORTING THE GROWTH OF THIS MARKET
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION, BY BATTERY TYPE, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION, BY OWNERSHIP, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION, BY APPLICATION, 2013-2022 (USD MILLION)
  • MARKET ANALYSIS, BY OWNERSHIP
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2013-2022 (USD MILLION)
    • CUSTOMER-OWNED
      • GOVERNMENT SUPPORT AND INVESTMENTS ARE EXPECTED TO DRIVE THE GROWTH OF CUSTOMER-OWNED INSTALLATIONS
        • Table CUSTOMER-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2013-2022 (USD MILLION)
        • Table CUSTOMER-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
    • THIRD-PARTY-OWNED
      • THE ARBITRAGE PROFIT MAY INCREASE THE BUYING AND SELLING FROM THIRD-PARTY-OWNED ENERGY STORAGE
        • Table THIRD-PARTY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2013-2022 (USD MILLION)
        • Table THIRD-PARTY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
    • UTILITY-OWNED
      • THE FLEXIBILITY IN GRID ELECTRICITY SUPPLY IS DRIVING THE ULITITY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET
        • Table UTILITY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2013-2022 (USD MILLION)
        • Table UTILITY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
  • MARKET ANALYSIS, BY APPLICATION
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2013-2022 (USD MILLION)
    • RESIDENTIAL
      • INTEREST IN USE OF NATURAL UNINTERUPTED SOURCE OF ENERGY BY RESIDENTIAL APPLICATION TO DRIVE THIS MARKET
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY BATTERY TYPE, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY GEOGRAPHY, 2013-2022 (USD MILLION)
    • NON-RESIDENTIAL
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR NON-RESIDENTIAL APPLICATION, BYBATTERY TYPE, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR NON- RESIDENTIAL APPLICATION, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR NON-RESIDENTIAL APPLICATION, BY GEOGRAPHY, 2013-2022 (USD MILLION)
    • UTILITY
      • THE NEED FOR FLEXIBILTY IN GRID DUE TO FLUCTUATIONS IN RENEWABLE SOURCES IS EXPECTED TO DRIVE THE UTILITY MARKET IN TERMS OF SIZE BY 2022
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY BATTERY TYPE, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY GEOGRAPHY , 2013-2022 (USD MILLION)
    • OTHERS
      • MEDICAL & HEALTHCARE
      • MILITARY & DEFENSE
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER APPLICATION, BY BATTERY TYPE, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER APPLICATION, BY CONNECTION TYPE, 2013-2022 (USD MILLION)
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER APPLICATION, BY GEOGRAPHY, 2013-2022 (USD MILLION)
    • TRANSPORTATION
      • ELECTRIC VEHICLE
        • Table BATTERY ENERGY STORAGE SYSTEM MARKET SIZE FOR TRANSPORTATION APPLICATION, 2013-2022
  • MARKET ANALYSIS, BY GEOGRAPHY
    • INTRODUCTION
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET, BY GEOGRAPHY, 2013-2022 (USD MILLION)
    • NORTH AMERICA
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN NORTH AMERICA, BY APPLICATION, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN NORTH AMERICA, BY BATTERY TYPE, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2013-2022 (USD MILLION)
      • U.S.
      • CANADA
      • MEXICO
    • EUROPE
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN EUROPE, BY APPLICATION, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN EUROPE, BY BATTERY TYPE, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN EUROPE, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • U.K
      • GERMANY
      • FRANCE
      • REST OF THE EUROPE
    • ASIA-PACIFIC
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN APAC, BY APPLICATION, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN APAC, BY BATTERY TYPE, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN APAC, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • CHINA
      • INDIA
      • JAPAN
      • REST OF THE ASIA-PACIFIC
    • REST OF THE WORLD
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN ROW, BY APPLICATION, 2013-2022 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN ROW, BY BATTERY TYPE, 2013-2020 (USD MILLION)
      • Table BATTERY ENERGY STORAGE SYSTEM MARKET IN ROW, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • MIDDLE EAST
      • SOUTH AMERICA
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS: BATTERY ENERGY STORAGE SYSTEMS MARKET
      • Table RANKING OF KEY PLAYERS OPERATING IN THE BATTERY ENERGY STORAGE SYSTEMS MARKET, 2015
    • COMPETITIVE SITUATION AND TRENDS
      • PARTNERSHIPS/AGREEMENTS & CONTRACTS/COLLABORATIONS/ACQUISITIONS
        • Table PARTNERSHIPS/AGREEMENTS & CONTRACTS/COLLABORATIONS/ACQUISITIONS, 2012-2015
      • EXPANSION
        • Table EXPANSIONS, 2015
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2015
  • COMPANY PROFILES
    • INTRODUCTION
    • ABB LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LG CHEM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NEC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PANASONIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAMSUNG SDI CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AEG POWER SOLUTIONS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • GENERAL ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES
      • RECENT DEVELOPMENTS
    • HITACHI LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • TESLA MOTORS LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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