Press release
Battery Energy Storage Market 2018-2025 | Country Level Analysis, Current Industry Size and Future Prospective with key vendors: ABB, Samsung SDI, Bosch, BYD
The lithium-ion batteries have a long lifespan of 510 years, and up to 98% efficiency (i.e., only 2% of electrical charge is lost during use). The lithium-ion batteries have very high energy and power densities, which leads to lower weight with low standby losses, and high life expectancy. Lithium-ion batteries continue to hold a large size of the battery energy storage system market owing to its features such as high energy density, self-discharge capability, low maintenance requirement, less weight, and high life expectancy. Battery energy storage system is well suited for smoothing the variable output of renewables and controlling the rapid ramping up and down of solar as well as wind generation. The grid operators and regulators are aware of the importance of battery energy storage systems and their ability to cater through multiple services. The utility operators are using these systems in their resource planning processes, which reduces the system costs and increases storage capacity.
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The major drivers for the growth of the market include the increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries. However, the factors such as the installation of battery energy storage systems in remote locations pose a challenge for the players in the market. the Americas dominated the battery energy storage market for smart grid and accounted for around 60% of the total market share. Much of the regions growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems. The governmental support across different countries in the region and the growing investments in the development and deployment of integrated smart grid systems is expected to drive the demand for smart energy in the region in the coming years.
The global Battery Energy Storage market is valued at 1520 million US$ in 2017 and will reach 14900 million US$ by the end of 2025, growing at a CAGR of 33.0% during 2018-2025.
The major players covered in this report
Siemens
ABB
Samsung SDI
Bosch
BYD
…
Every market has a skeleton of its own, and this published report too includes a detailed skeleton for the Battery Energy Storage market. Various factors such as production capacities of businesses, profiles of major players in the market, import and export sales data, etc. have been covered under this report. This compilation describes a detailed assessment of the fundamental factors associated with the Battery Energy Storage market such as promising trends, growth opportunities, prime market drivers, regional market spread, market valuation in past, present as well future quotations, along with several others. The report also includes graphical data in the form of charts, graphs, pie diagrams, figures, and tables. Such graphical data can enable readers to carefully understand detailed information about the Battery Energy Storage market.
Table of Contents
Global Battery Energy Storage Sales Market Report 2018
1 Battery Energy Storage Market Overview
1.1 Product Overview and Scope of Battery Energy Storage
1.2 Classification of Battery Energy Storage by Product Category
1.2.1 Global Battery Energy Storage Market Size (Sales) Comparison by Type (2013-2025)
1.2.2 Global Battery Energy Storage Market Size (Sales) Market Share by Type (Product Category) in 2017
1.2.3 Li-Ion Batteries
1.2.4 Lead-Acid Batteries
1.2.5 Sodium Sulfur Batteries
1.3 Global Battery Energy Storage Market by Application/End Users
1.3.1 Global Battery Energy Storage Sales (Volume) and Market Share Comparison by Application (2013-2025)
1.3.1 Residential
1.3.2 Non-Residential
1.3.3 Utilities
1.3.4 Others
2 Global Battery Energy Storage Competition by Players/Suppliers, Type and Application
2.1 Global Battery Energy Storage Market Competition by Players/Suppliers
2.1.1 Global Battery Energy Storage Sales and Market Share of Key Players/Suppliers (2013-2018)
2.1.2 Global Battery Energy Storage Revenue and Share by Players/Suppliers (2013-2018)
2.2 Global Battery Energy Storage (Volume and Value) by Type
2.2.1 Global Battery Energy Storage Sales and Market Share by Type (2013-2018)
2.2.2 Global Battery Energy Storage Revenue and Market Share by Type (2013-2018)
3 United States Battery Energy Storage (Volume, Value and Sales Price)
3.1 United States Battery Energy Storage Sales and Value (2013-2018)
3.1.1 United States Battery Energy Storage Sales and Growth Rate (2013-2018)
3.1.2 United States Battery Energy Storage Revenue and Growth Rate (2013-2018)
3.1.3 United States Battery Energy Storage Sales Price Trend (2013-2018)
3.2 United States Battery Energy Storage Sales Volume and Market Share by Players (2013-2018)
…
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