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Battery Energy Storage Systems for Smart Grid Market Analysis Focusing on Top Key Players - Siemens, ABB, Samsung SDI, GEAlstom, A123, Bosch, BYD, AES Energy Storage, LG Chem & More
Battery Energy Storage Systems for Smart Grid
This report presents a comprehensive overview, market shares, and growth opportunities of Battery Energy Storage Systems for Smart Grid market by product type, application, key manufacturers and key regions. Over the next five years, projects that Battery Energy Storage Systems for Smart Grid will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
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Owing to the growing consumption of power across the globe, there is a greater need for energy storage as distributed generation. Distributed generation produces power close to the areas where it is consumed so that the distance is reduced, resulting in less transmission and distribution losses. Distributed Energy Resources (DER) will be increasingly used to meet the future electricity demands for residential and industrial customers, utilities and commercial customers. The growing requirement to mitigate the power transmission and distribution losses will propel the demand for distributed generation during the forecast period.
Key factors such as the aging power infrastructure, need for mitigation of cybersecurity risks and accumulation of new resources to the grid has propelled the grid manufacturing companies to opt for ways to make the grid reliable, protect it against cybersecurity, and increase flexibility to make rapid changes according to supply and demand conditions. Many utilities are implementing smart grids that use digital and IT systems to manage the power flow efficiently and effectively. The Americas dominated the battery energy storage market for smart grid and accounted for most of the total market share. Much of the region’s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems.
Market Segment by Manufacturers, this report covers:
Siemens, ABB, Samsung SDI, GEAlstom, A123, Bosch, BYD, AES Energy Storage, LG Chem.
This report also splits the market by region:
Americas: United States, Canada, Mexico, Brazil.
APAC: China, Japan, Korea, Southeast Asia, India, Australia.
Europe: Germany, France, UK, Italy, Russia, Spain.
Middle East & Africa: Egypt, South Africa, Israel, Turkey, GCC Countries.
Segmentation by product type:
Secondary Batteries
Flow Batteries
Others
Segmentation by application:
Energy Management
Backup Power
Voltage Support
Load Leveling
Others
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Research objectives:
To study and analyze the global Battery Energy Storage Systems for Smart Grid consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Battery Energy Storage Systems for Smart Grid market by identifying its various subsegments.
Focuses on the key global Battery Energy Storage Systems for Smart Grid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Battery Energy Storage Systems for Smart Grid with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Battery Energy Storage Systems for Smart Grid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
More Details on this Report At: https://www.marketstudyreport.com/reports/2018-2023-global-battery-energy-storage-systems-for-smart-grid-consumption-market-report
Related Report:
2018-2023 Global Battery Energy Storage for Renewables Consumption Market Report
This report presents a comprehensive overview, market shares, and growth opportunities of Battery Energy Storage for Renewables market by product type, application, key manufacturers and key regions.
https://www.marketstudyreport.com/reports/2018-2023-global-battery-energy-storage-for-renewables-consumption-market-report/?utm_source=RR-PSR
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