Press release
Battery Energy Storage Systems for Smart Grid Market 2021 Size, Status, Top Emerging Trends, Growth and Business Opportunities 2027| Siemens, ABB, Samsung SDI, GEAlstom, A123
Global Battery Energy Storage Systems for Smart Grid Market Research Report 2021The Global Battery Energy Storage Systems for Smart Grid Market Research Report is an in-depth study that provides industry-wide insight into existing and emerging growth patterns, end-user analysis, and other key data that have been tested and validated by experts. and industry professionals. The report studies the market for importance, share, size, demand and supply, models, competitive landscape, industry chain analysis, and other significant factors. The Battery Energy Storage Systems for Smart Grid market also provides a detailed overview of the driving forces of the industry, along with the micro and macroeconomic factors that are likely to affect its development
The Analysts forecast the global Battery Energy Storage Systems for Smart Grid market to grow at a CAGR of 33.7 % during the period 2021-2027.
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Some of the Prominent Companies in this Battery Energy Storage Systems for Smart Grid market are:
Siemens, ABB, Samsung SDI, GEAlstom, A123, Bosch, BYD, AES Energy Storage, LG Chem
INDUSTRY NEWS
In September 2019, LG Chem and Umicore, a multinational materials technology company headquartered in Belgium, signed a multi-year strategic supply agreement for NMC (Nickel-Manganese Cobalt) cathode materials to meet LG Chem’s needs from Umicore plants in Poland, South Korea, and China. This agreement is likely to help LG Chem to meet the growing demand for lithium-ion batteries, boosting its BESS business.
Siemens has acquired 54 companies, including 19 in the last 5 years. A total of 19 acquisitions came from private equity firms. It has also divested 22 assets.
Siemens’ largest acquisition to date was in 2015, when it acquired Dresser-Rand Group for $7.8B. It’s largest disclosed sale occurred in 2014, when it sold Sivantos Group to EQT Holdings AB for $2.4B. Siemens has acquired in 12 different US states, and 12 countries. The Company’s most targeted sectors include software (46%) and machinery (9%).
The Battery Energy Storage Systems for Smart Grid market size, market characteristics, and market growth of the industry are detailed in this study, which is divided into types, applications, and consumption areas. The research also describes the major firms and introduces players in the industry from the standpoint of the industry chain and marketing chain.
MARKET SEGMENTATION
Battery Energy Storage Systems for Smart Grid Market, by Type
Energy Management
Backup Power
Voltage Support
Load Leveling
Others
Battery Energy Storage Systems for Smart GridMarket, by Application
Secondary Batteries
Flow Batteries
Others
Battery Energy Storage Systems for Smart Grid Market, by Region
Global Battery Energy Storage Systems for Smart Grid Market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y Growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
REGIONAL ANALYSIS
The battery energy storage system market in APAC is projected to grow at the highest CAGR during the forecast period.
APAC held the largest share of the battery energy storage system market in 2019. APAC is a hub for the battery energy storage system industry. APAC is expected to witness plans for electrification in remote areas, which are majorly off-grid in several countries. The use of residential energy storage technology will enable to increase access to electricity for these remote and island communities in the region. Energy storage investments are expected to increase substantially within the region as the governments in growing economies are making new policies to improve the reliability and quality of the power distribution facilities for the residential customers.
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Goals and objectives of the study
Identify major market trends, developments, opportunities, and influencing factors in the worldwide Battery Energy Storage Systems for Smart Grid market and its sub-segments.
For the global Battery Energy Storage Systems for Smart Grid market, identify and analyse main industry categories and their corresponding frameworks.
Estimate the global size of the Battery Energy Storage Systems for Smart Grid market and analyse it by type, application, and region.
Identify key players and analyse the business environment based on recent events and revenue segments.
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What does the Report Include?
The market report contains a complete analysis of the company’s major drivers and constraints, opportunities, and challenges throughout the forecasted timeframe. In addition, the research provides in-depth analysis of the market’s regional changes and how they will influence its growth during the forecast period.
Our research analysts gathered information from industry experts and used a variety of research approaches to compile this report. The competitive landscape provides more information on the companies’ strategies for maintaining market dominance between 2021 and 2026, including product launches, partnerships, mergers and acquisitions, and collaborations.
The report can answer the following questions:
North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Global Battery Energy Storage Systems for Smart Grid industry.
Global major Innovation and developments operating situation (sales, revenue, growth rate and gross margin) of Global Battery Energy Storage Systems for Smart Grid industry.
Different types and applications of Global Battery Energy Storage Systems for Smart Grid industry, market share of each type and application by revenue.
Global market size (sales, revenue) forecast by regions and countries from 2021 to 2026 of Battery Energy Storage Systems for Smart Grid industry.
PEST analysis of Global Battery Energy Storage Systems for Smart Grid industry
SWOT analysis of Global Battery Energy Storage Systems for Smart Grid industry.
Global Battery Energy Storage Systems for Smart Grid Industry New Project Investment Feasibility Analysis.
Covid-19 Scenario:
- Business and manufacturing units across various countries happened to suffer during the initial phase of the lockdown due to the outbreak of the pandemic. Suspended facilities and disrupted supple chains were the major factors that affected the market growth during this phase.
- However, most of the regions have either recovered or are recovering along with the mandatory precautionary measures to curb the spread. Also, vaccination drives across the region are now pacing up which is further assisting the industry growth.
Report Customization
Our innovative data-mining technique allows us to provide our clients with exclusive and customized insights while preserving precision and speed. On all key fronts – regional, segment, and competitive landscape level – we personalize the Research data. With every report purchase, we include 40 analyst hours of free customization
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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