Battery Energy Storage System Market 2020 Global Trend, Segmentation and Opportunities, Forecast 2026

Battery Energy Storage System Market 2020 Global Trend, Segmentation and Opportunities, Forecast 2026

“Battery Energy Storage System Market”
WiseGuyReports.com adds “Global Battery Energy Storage System Market Size study, Element, Battery Type, Connection Type, Ownership, Application and Regional Forecasts 2019-2026” reports to its database.

Battery Energy Storage System Market:

Executive Summary

Global Battery Energy Storage System Market is valued approximately USD 2 billion in 2018 and is anticipated to grow with a growth rate of more than 34% over the forecast period 2019-2026. Battery Energy Storage System are used to store electricity that is generated from power plants., Then this electricity is supplied to consumers when power generation from renewable power plant fluctuates due to weather conditions. The growth is attributed to the lithium-ion batteries which are light weight than nickel–cadmium and nickel metal-hydride batteries, also high energy and power density in terms of volume, high charge/discharge efficiency, and low maintenance needs. Moreover, the increasing demand for grid-connected solutions and high demand for the lithium-ion technology in the renewable energy industry has enhanced the growth of this market over the forecast period. The rising global population along with declining prices of lithium-ion batteries boost the market growth. The adoption of grid systems improves the reliability and flexibility of the electricity supply system with respect to generation, transmission, and distribution and increasing disposable income will boost the growth of global Battery Energy Storage System market over the forecast period of 2019-2026.

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The regional analysis of global Battery Energy Storage System Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to the demand for battery energy storage systems from China, India, and Japan is gradually increasing. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as high disposable income, rising adoption of grid-connected solutions and high demand for the lithium-ion technology would create lucrative growth prospects for the Battery Energy Storage System Market across Asia Pacific region.

Major market player included in this report are:
ABB
LG Chem
NEC
Panasonic
Samsung SDI
AEG Power Solutions
General Electric
Hitachi
Siemens AG
Tesla

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Element offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Element:
Battery
Hardware
Other Elements

By Battery Type:
Lithium-Ion Batteries
Sodium–Sulphur Batteries
Advanced Lead-Acid Batteries
Flow Batteries 
Others

By Connection Type:
On-Grid Connection
Off-Grid Connection

By Ownership:
Customer Owned
Third-Party Owned
Utility Owned
By Application:
Residential
Non-Residential
Utilities
Other Applications

Furthermore, years considered for the study are as follows:

Historical year – 2016,2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Battery Energy Storage System Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Table of Content

Chapter 1. Executive Summary

Chapter 2. Global Battery Energy Storage System Market Definition and Scope

Chapter 3. Global Battery Energy Storage System Market Dynamics

Chapter 4. Global Battery Energy Storage System Market Type Analysis

Chapter 5. Global Battery Energy Storage System Market, by Element

Chapter 6. Global Battery Energy Storage System Market, by Battery Type

Chapter 7. Global Battery Energy Storage System Market, by Ownership

Chapter 8. Global Battery Energy Storage System Market, by Application

Chapter 9. Global Battery Energy Storage System Market, Regional Analysis

Chapter 10. Competitive Intelligence

Chapter 11. Research Process

Continuous…

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