Press release
Global Battery Energy Storage for Renewables Market is Expected To Grow with a Healthy CAGR Till 2025
Energy storage capabilities are crucial for the integration of high levels variable renewable sources, such as solar and wind energy, onto the power grid. This report shows that battery storage technologies for renewable energy are already cost-competitive for island and rural applications. Furthermore, the market for battery storage systems coupled with rooftop solar panels has started growing rapidly.
Instability of renewable energy sources like wind and solar energy, increasing awareness about environmental crisis, government support and carbon dioxide emission are main factor contributing to the growth of market.
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Americas is the largest contributor to the battery energy storage market for renewables, which is closely followed by the APAC region. However, the Americas is expected to experience a decrease in the market share because of the growing installations of battery storage for renewables in the APAC and EMEA regions.
The global Battery Energy Storage for Renewables market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Battery Energy Storage for Renewables volume and value at global level, regional level and company level. From a global perspective, this report represents overall Battery Energy Storage for Renewables market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
AES Energy Storage
A123 Systems
Axion Power
BYD
LG Chem
NGK Insulators
SAFT
Samsung SDI
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Segment by Regions
North America
Europe
China
Japan
Segment by Type
Li-Ion
Lead-Acid
Sodium
Others
Segment by Application
Laptops
Smartphones
Notebooks
Tablets
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