Aug 15, 2020   SOURCE: BusinessWire

Global Battery Energy Storage Systems Market Outlook to 2027 - Featuring EnerDel, Exergonix & GE Power Among Others - ResearchAndMarkets.com

The "Battery Energy Storage Systems - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

The Global Battery Energy Storage Systems market accounted for $2.71 billion in 2019 and is expected to reach $31.00 billion by 2027 growing at a CAGR of 35.6% during the forecast period.

Some of the key factors propelling market growth include increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, growing global energy consumption along with increased energy efficiency requirements, and increasing government funding in grid installations. However, high capital investment required for the deployment is restraining market growth.

Battery energy storage systems are the system that is used to store the electricity produced by the power plants, particularly renewable power plants. It helps in monitoring and controlling the generated electricity accurately. Battery energy storage system uses advanced physics-based models in order to provide robust operation of the storage system. The stored electricity can be later used in supplying electricity to the consumers during power fluctuations in poor weather conditions. This is an important benefit especially when the demand for electricity grows and exceeds the supply.

Companies Mentioned

  • ABB Group
  • AEG Power Solutions BV
  • Alevo Group SA
  • Corvus Energy
  • East Penn Manufacturing Co., Inc.
  • EnerDel, Inc.
  • Exergonix
  • GE Power
  • Hitachi Ltd.
  • LG Chem Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • NEC Energy Solutions
  • NGK Insulators Ltd.
  • Panasonic Corporation
  • Samsung SDI Co., Ltd
  • Siemens AG
  • Tesla, Inc.
  • The AES Corporation
  • Toshiba Infrastructure Systems & Solutions
  • TrinaBESS

What the report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company Profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.4.1 Data Mining

2.4.2 Data Analysis

2.4.3 Data Validation

2.4.4 Research Approach

2.5 Research Sources

2.5.1 Primary Research Sources

2.5.2 Secondary Research Sources

2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 Technology Analysis

3.8 Emerging Markets

3.9 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Battery Energy Storage Systems Market, By Battery Type

5.1 Introduction

5.2 Advanced Lead-Acid Batteries

5.3 Flow Batteries

5.3.1 Iron-chromium Flow Batteries

5.3.2 Hybrid Flow Batteries

5.3.2.1 Zinc Hybrid Cathode

5.3.3 Vanadium Redox Batteries

5.3.4 Redox Flow Batteries

5.4 Lithium-Ion Batteries

5.4.1 Lithium Manganese Oxide

5.4.2 Lithium Cobalt Oxide

5.4.3 Lithium Nickel Manganese Cobalt Oxide (NMC)

5.4.4 Lithium Nickel Cobalt Aluminum Oxide

5.4.5 Lithium Iron Phosphate (LFP)

5.4.6 Lithium Titanate

5.5 Sodium-ion Batteries

5.6 Sodium-Sulfur Batteries

5.7 Other Battery Types

5.7.1 Nickel Metal Hydride Battery

5.7.2 Nickel-Cadmium Battery

5.7.3 Nickel-Iron Battery

6 Global Battery Energy Storage Systems Market, By Ownership

6.1 Introduction

6.2 Third-Party Owned

6.3 Customer Owned

6.4 Utility Owned

7 Global Battery Energy Storage Systems Market, By Element

7.1 Introduction

7.2 Hardware

7.3 Battery

8 Global Battery Energy Storage Systems Market, By Connection Type

8.1 Introduction

8.2 Off-Grid Connection

8.3 On-Grid Connection

9 Global Battery Energy Storage Systems Market, By Application

9.1 Introduction

9.2 Utilities

9.3 Residential

9.4 Non-Residential

9.5 Commercial

9.6 Industrial

9.7 Automotive

10 Global Battery Energy Storage Systems Market, By Technology

10.1 Introduction

10.2 Frequency regulation

10.3 Load leveling

10.4 Peak shaving

10.5 Peak demand shifting

11 Global Battery Energy Storage Systems Market, By Geography

11.1 Introduction

11.2 North America

11.2.1 US

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 Italy

11.3.4 France

11.3.5 Spain

11.3.6 Rest of Europe

11.4 Asia Pacific

11.4.1 Japan

11.4.2 China

11.4.3 India

11.4.4 Australia

11.4.5 New Zealand

11.4.6 South Korea

11.4.7 Rest of Asia Pacific

11.5 South America

11.5.1 Argentina

11.5.2 Brazil

11.5.3 Chile

11.5.4 Rest of South America

11.6 Middle East & Africa

11.6.1 Saudi Arabia

11.6.2 UAE

11.6.3 Qatar

11.6.4 South Africa

11.6.5 Rest of Middle East & Africa

12 Key Developments

12.1 Agreements, Partnerships, Collaborations and Joint Ventures

12.2 Acquisitions & Mergers

12.3 New Product Launch

12.4 Expansions

12.5 Other Key Strategies

13 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/r/wi7vet