Press release
Battery Energy Storage System Market 2021 Latest Advancements and Growing Business Opportunities: Samsung SDI, LG Chem, Fluence, Hitachi, Kokam, LSIS, SMA Solar Technology, NGK, General Electric, Primus Power, Panasonic, BYD
Battery Energy Storage System Market
Battery Energy Storage System (ESS) market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 2203.9 million in 2020. Over the next five years the Battery Energy Storage System (ESS) market will register a 28.7% CAGR in terms of revenue, the global market size will reach US$ 6053.1 million by 2026.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Battery Energy Storage System Market: Samsung SDI, LG Chem, Fluence, Hitachi, Kokam, LSIS, SMA Solar Technology, NGK, General Electric, Primus Power, Panasonic, BYD, Younicos, ABB, Saft, Lockheed Martin Energy, Eos Energy Storage, Con Edison Solutions and others.
Industry News and Updates:
Samsung SDI launches ESS Battery to Expand into the Market
2018.03.20 — Samsung SDI launched its new ESS product, including high-capacity 111Ah (Ampere hour) ESS battery cell, which the energy density is substantially increased. Samsung SDI exhibited new ESS products such as ESS cells, high-capacity ESS, high-power ESS, and residential ESS at the Energy Storage Europe 2018 held for three days from March 13th in Düsseldorf, Germany.
Being an international conference and exhibition for ESS and renewable energies, Energy Storage Europe was taken part by more than 160 ESS related companies from around 50 countries, as well as global ESS companies such as ABB of Switzerland, SIEMENS of Germany, and Younicos.
The 111Ah ESS battery cell showcased by Samsung SDI at the conference has the feature of substantially increased capacity. The capacity of this ESS battery is enhanced while the size is maintained through material innovation, and thus significantly increased the energy density of the battery. Moreover, the strength of this battery is that it allows an easy product upgrade without having to modify its design. Samsung SDI first unveiled its new high-capacity ESS product, E3 model, which 111Ah cell is used to enhance the energy density. E3 can store the same amount of energy with less number of cells, enabling the size of the ESS facility to be reduced. This feature will receive spotlights from the market because it means that it can save installation and management cost.
Hitachi ABB Power Grids’ battery storage to be used at 214MW industrial microgrid in Thailand
14 May 2021: Battery energy storage system (BESS) and controls technology will be provided to a “smart industrial park” project in Thailand by Hitachi ABB Power Grids.
In what has been described as the country’s largest private microgrid to date, 214MW of distributed energy resources including co-generation gas turbines, rooftop and floating solar PV and battery energy storage will be combined in a single system.
Hitachi ABB Power Grids has been appointed to deploy its BESS system solution, called PowerStore, as well as its digital controls platform e-Mesh, by locally-headquartered project developer Impact Solar Limited. The project will be sited at Saha Industrial Park in Sri-Racha, near Thailand’s south-west coast.
Global Battery Energy Storage System Market Split by Product Type and Applications:
This report segments the market on the basis of Types are:
Lithium
Lead Acid
NaS
Others
On the basis of Application, the market is segmented into:
Residential
Utility & Commercial
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Regional analysis:
This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Battery Energy Storage System market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Battery Energy Storage System market deployed in the region. While an important piece of the Battery Energy Storage System market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.
Find Out:
Battery Energy Storage System market: Where are the opportunities? What does the future look like for Battery Energy Storage System? What will be the market size in the next 5 years?
Battery Energy Storage System Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Battery Energy Storage System market?
What are the new revenue channels which companies can explore for growth?
For More Information On This Report, Please Visit: https://www.marketinsightsreports.com/reports/03252756829/global-battery-energy-storage-system-ess-market-growth-2021-2026?source=OpenPr&Mode=XXV
Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Battery Energy Storage System market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.
Browse Related Reports:
On Grid And Off Grid Battery Energy Storage System Market:
https://www.marketinsightsreports.com/reports/07013025046/on-grid-and-off-grid-battery-energy-storage-system-market-report-global-industry-data-analysis-and-growth-forecasts-by-type-application-and-region-2021-2028?source=OpenPr&Mode=XXV
Industrial Battery Energy Storage System Market:
https://www.marketinsightsreports.com/reports/06223001369/global-industrial-battery-energy-storage-system-market-insights-and-forecast-to-2027?source=OpenPr&Mode=XXV
Advanced Battery Energy Storage System Market:
https://www.marketinsightsreports.com/reports/06022954813/2016-2028-global-advanced-battery-energy-storage-system-industry-market-research-report-segment-by-player-type-application-marketing-channel-and-region?source=OpenPr&Mode=XXV
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If you have any questions about any of our “Battery Energy Storage System market report” or would like to schedule a personalized free demo of Battery Energy Storage System market report, please do not hesitate to contact me at irfan@marketinsightsreports.com.
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Irfan Tamboli
Head of Sales Operations
Market Insights Reports
Tel: + 1704 266 3234 | +91-750-707-8687
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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