Press release
Battery Energy Storage Systems for Smart Grid Consumption Market 2019 by Top Key Players: Siemens, ABB, Samsung SDI, GE Alstom, A123, Bosch, BYD, AES Energy Storage, LG Chem
Battery Energy Storage Systems for Smart Grid Consumption Market
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.
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The key manufacturers covered in this report:
• Siemens
• ABB
• Samsung SDI
• GEAlstom
• A123
• Bosch
• BYD
• AES Energy Storage
• LG Chem
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.
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. In this report, covers the present scenario (with the base year being 2017) and the growth prospects of global Battery Energy Storage Systems for Smart Grid market for 2018-2023.
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.
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To calculate the market size, considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Secondary Batteries
Flow Batteries
Others
Segmentation by application:
Energy Management
Backup Power
Voltage Support
Load Leveling
Others
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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.
Table of Contents
2018-2023 Global Battery Energy Storage Systems for Smart Grid Consumption Market Report
1 Scope of the Report
2 Executive Summary
3 Global Battery Energy Storage Systems for Smart Grid by Players
4 Battery Energy Storage Systems for Smart Grid by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Battery Energy Storage Systems for Smart Grid Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
Complete report at https://www.marketstudyreport.com/reports/2018-2023-global-battery-energy-storage-systems-for-smart-grid-consumption-market-report?utm_source=openpr.com&utm_medium=Abhijeet
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