全体要約
2022年には、オン-grid接続タイプがバッテリーエネルギー貯蔵市場の最大シェアを持ち、電力グリッドにシームレスに統合され、グリッドの安定性や信頼性を支える役割を果たしています。アジア太平洋地域は、この予測期間中に市場の最大シェアを占めると期待されています。特に、中国、韓国、日本での政策支援や電池メーカーの存在が市場成長を促進しています。主要なプレーヤーには、中国のBYD Company Limited、韓国のSAMSUNG SDIとLG Energy Solutions、そして日本のパナソニックが含まれています。
関連する質問
USD 5.4 billion (2023)
26.4% (2023-2028)
BYD Company Limited, SAMSUNG SDI Co., Ltd., LG Energy Solutions Co., Ltd., Panasonic Corporation
グリッドエネルギー貯蔵システムの展開加速, 再生可能エネルギー分野でのリチウムイオンバッテリーの採用, 継続的な再生可能エネルギー革命
概要
リチウムイオン電池が2022年のバッテリーエネルギー蓄積システム市場を支配します。
2022年に、リチウムイオンバッテリーはバッテリーエネルギー貯蔵市場で支配的な存在となりました。彼らの卓越した特性と広範な利用可能性が成功に寄与しています。リチウムイオンバッテリーは高エネルギー密度、効率、性能を提供し、エネルギー貯蔵のための信頼性の高い効率的なソリューションとなっています。また、長いサイクル寿命を誇り、さまざまなエネルギー貯蔵用途に対して耐久性と長寿命を保証しています。さらに、コストの低下、確立された製造インフラ、成熟した技術により、エネルギー貯蔵プロジェクトにおける選好の選択肢としての地位が確立されました。
2022年のバッテリーエネルギー貯蔵システム市場において、グリッド接続タイプが最大のシェアを占める見込みです。
オングリッド接続は、バッテリーエネルギー貯蔵システムが既存の電力網インフラにシームレスに統合されることを可能にし、数多くの利点を提供します。これらのシステムは、周波数、電圧、電力品質を調整することで、グリッドの安定性と信頼性をサポートし、一貫した途切れのない電力供給を保証します。オングリッド接続されたバッテリーエネルギー貯蔵システムは、周波数調整やピークシェービングなどのグリッドサービスおよび補助市場に参加する柔軟性を持ち、追加の収益機会を生み出します。さらに、オングリッド接続により、余剰エネルギーの効率的な管理が可能になり、そのエネルギーをグリッドに戻すことで、顧客のエネルギー料金を削減し、全体的なグリッドの効率を向上させることができます。
「アジア太平洋地域は、予測期間中に市場の最大のシェアを占めると予想されます。」
アジア太平洋地域は、中国、日本、インドなど、最も成長の早い経済圏のいくつかを含んでいます。この地域は急速な工業化、都市化、そして経済成長を目の当たりにしており、その結果、信頼性が高く持続可能なエネルギーソリューションの需要が高まっています。中国、日本、韓国のような国々では、エネルギー貯蔵技術の採用を促進するための支援政策やインセンティブが実施されており、市場の成長を後押ししています。さらに、アジア太平洋地域は、確立されたサプライチェーン、規模の経済、技術的専門知識を活かして、世界で最も大きなバッテリーメーカーのいくつかが存在しています。この地域は、特に太陽光発電や風力発電において再生可能エネルギーの展開においても先頭に立っており、バッテリーエネルギー貯蔵システムは、グリッド統合とエネルギーのバランスを取るために不可欠です。
主な参加者のプロフィールの内訳：
・企業タイプ別 - Tier 1 - 45%、Tier 2 - 30%、Tier 3 - 25%
• 役職別 - Cクラスエグゼクティブ - 35%、ディレクター - 45%、その他 - 20%
地域別 - 北米 - 30%、ヨーロッパ - 25%、アジア太平洋 - 35%、その他の地域 - 10%
バッテリーエネルギー貯蔵システム市場の主要企業には、BYD Company Limited（中国）、SAMSUNG SDI Co., Ltd.（韓国）、LG Energy Solutions Co., Ltd.（韓国）、およびパナソニック株式会社（日本）が含まれます。
調査範囲
この報告書は、バッテリーエネルギー貯蔵システム市場を要素、バッテリータイプ、接続タイプ、所有権、エネルギー容量、アプリケーション、および地域別にセグメント化しています。また、報告書は市場成長に影響を与える要因、制約、機会、および課題を包括的にレビューしています。報告書は市場の定量的側面に加えて、定性的側面も扱っています。
レポートを購入する理由：
このレポートは、市場のリーダーや新規参入者に、全体的なバッテリーエネルギー貯蔵システム市場および関連セグメントの最も近い推定収益に関する情報を提供します。このレポートは、利害関係者が競争環境を理解し、市場での地位を強化し、適切な市場戦略を計画するための洞察を得るのに役立ちます。また、レポートは利害関係者が市場の脈動を理解し、主要な市場の推進要因、制約、機会、課題に関する情報を提供します。
レポートでは以下のポイントについての洞察を提供します。
• 主要なドライバーの分析（進行中の電力網の近代化における電力貯蔵システムの展開の加速、再生可能エネルギー部門におけるリチウムイオン電池の採用が市場成長を促進、低炭素および化石燃料依存の少ない経済の採用の増加、持続的な再生可能エネルギー革命が市場を推進）、抑制要因（バッテリーエネルギー貯蔵システムの設置にかかる高い初期投資コストが市場の成長を妨げている）、機会（世界の農村電化プロジェクトへのバッテリーエネルギー貯蔵システムの迅速な統合、データセンターからの継続的な電力供給に対する需要の増加がバッテリーエネルギー貯蔵システムの需要を促進、リチウムイオン電池の価格の低下）、および課題（遠隔地および孤立した場所でのバッテリーエネルギー貯蔵システムの設置課題、異常放電および短絡によるリチウムイオン電池の過熱、電極と電解液の間の複雑な化学反応によるリチウムイオン電池の劣化）がバッテリーエネルギー貯蔵システム市場の成長に影響を与えています。
• 製品開発・イノベーション：バッテリーエネルギー貯蔵システム市場における今後の技術、研究開発活動、新製品の発売に関する詳細な洞察です。
• 市場開発: 利益のある市場に関する包括的な情報 - 報告書は異なる地域におけるバッテリーエネルギー貯蔵システム市場を分析しています。
• 市場の多様化：バッテリーエネルギー貯蔵システム市場における新製品、未開拓地域、最近の動向、投資に関する包括的な情報。
• 競争評価：BYD Company Limited（中国）、SAMSUNG SDI Co., Ltd.（韓国）、LG Energy Solutions Co., Ltd.（韓国）、およびPanasonic Corporation（日本）などの主要企業の市場シェア、成長戦略、製品提供についての詳細な評価です。
※以下の目次にて、具体的なレポートの構成をご覧頂けます。ご購入、無料サンプルご請求、その他お問い合わせは、ページ上のボタンよりお進みください。
目次
1 イントロダクション 35
1.1 調査の目的 35
1.2 市場の定義 35
1.3 包含・除外事項 36
1.4 調査範囲 36
1.4.1 対象市場 36
1.4.2 対象地域 37
1.4.3 対象年 37
1.5 通貨 37
1.6 ステークホルダー 38
1.7 変化のサマリー 38
2 調査手法 40
2.1 リサーチデータ 40
2.1.1 二次データ 41
- 2.1.1.1 主要な二次ソースリスト 41
- 2.1.1.2 二次情報の主要データ 42
2.1.2 一次データ 42
- 2.1.2.1 業界エキスパートとの一次インタビュー 42
- 2.1.2.2 一次ブレークダウン 43
- 2.1.2.3 一次情報の主要データ 43
2.1.3 一次調査・二次調査 44
- 2.1.3.1 業界についての主な考察 45
2.2 市場規模予測 45
2.2.1 ボトムアップアプローチ 45
- 2.2.1.1 ボトムアップ分析（需要側）による市場規模導出の考え方 45
2.2.2 トップダウンアプローチ 46
- 2.2.2.1 トップダウン分析（供給側）による市場規模を導き出すアプローチ 46
2.3 市場の内訳とデータのトライアンギュレーション 49
2.4 調査の前提 50
2.5 景気後退が市場に与える影響を分析するために考慮されたパラメータ 50
2.6 制約 50
2.7 リスク評価 51
3 エグゼクティブサマリー 52
4 更なる考察 56
4.1 バッテリーエネルギー貯蔵システム市場の魅力的な成長機会 56
4.2 バッテリー エネルギー ストレージシステムの市場、電池タイプ別 56
4.3 電池エネルギー貯蔵システム市場：エネルギー容量別 57
4.4 バッテリー エネルギー ストレージシステムの市場、用途別 57
4.5 バッテリー エネルギー ストレージシステムの市場、地域別 58
5 市場概要 59
5.1 イントロダクション 59
5.2 市場力学 59
5.2.1 促進要因 60
5.2.2 抑制要因 62
- 5.2.2.1 バッテリーエネルギー貯蔵システムの導入コストが高い 62
5.2.3 市場機会 63
5.2.4 課題 65
5.3 バリューチェーン分析 67
5.4 エコシステム分析 69
5.5 価格分析 73
5.5.1 平均販売価格トレンド 73
5.5.2 主要プレーヤー別電池タイプ平均販売価格 75
5.6 顧客ビジネスに影響を与えるトレンド/ディスラプション 76
5.7 技術分析 77
5.7.1 ナトリウム-硫黄電池 78
5.7.2 コバルトフリー電池 78
5.7.3 金属-空気電池 78
5.7.4 液体金属電池 78
5.7.5 ポタシウム金属電池 78
5.7.6 亜鉛マンガン電池 78
5.7.7 リチウム硫黄バッテリー 79
5.7.8 リチウム金属バッテリー 79
5.8 ポーターのファイブフォース分析 79
5.8.1 新規参入の脅威 81
5.8.2 代替品の脅威 81
5.8.3 サプライヤーの交渉力 81
5.8.4 買い手の交渉力 81
5.8.5 競合・競争状況の激しさ 82
5.9 主なステークホルダーと購入基準 82
5.9.1 購買プロセスにおける主要ステークホルダー 82
5.9.2 購買基準 83
5.10 ケーススタディ分析 83
5.11 取引分析・貿易分析 85
5.11.1 輸入シナリオ 85
5.11.2 輸出シナリオ 86
5.12 特許分析 86
5.13 2023-2024年の主なカンファレンス＆イベント 91
5.14 規制の概観 93
5.14.1 規制当局、政府機関、その他組織 93
5.14.2 バッテリーエネルギー貯蔵システム市場に関連する規格と規制 95
6 ベスに関連する主な投入エネルギー源と最近の動向 98
6.1 イントロダクション 98
6.2 投入エネルギー源 98
6.2.1 太陽光パネル 98
6.2.2 風力発電機 98
6.2.3 グリッド・パワー 99
6.2.4 ディーゼル発電機 99
6.2.5 その他 99
6.3 市場に関する最近の動向 99
6.3.1 再生可能エネルギー源 99
6.3.2 バッテリー技術の進歩 100
6.3.3 AI・ML 100
6.3.4 マイクログリッド 100
6.3.5 ハイブリッドエネルギー貯蔵システム 100
6.4 各種バッテリー技術とベスの分析 100
6.4.1 各種電池技術の包括的分析 100
6.4.2 各種エネルギー貯蔵システムの包括的分析 108
6.5 バッテリーエネルギー貯蔵システムの種類 111
6.5.1 フロント・オブ・メーター（ftm）システム 111
6.5.2 ビハインド・ザ・メーター（btm）システム 112
7 バッテリー エネルギー ストレージシステムの市場、要素別 113
7.1 イントロダクション 114
7.2 バッテリー 116
7.3 その他要素 117
7.3.1 ハードウェア 117
7.3.2 その他 118
- 7.3.2.1 需要を推進するBESSの適切な機能における意義 118
8 バッテリー エネルギー ストレージシステムの市場、電池タイプ別 119
8.1 イントロダクション 120
8.2 リチウムイオン電池 122
8.3 先進鉛蓄電池 125
8.3.1 グリッド・エネルギー貯蔵の普及が需要を促進 125
8.4 フロー電池 128
8.4.1 従来の電池を凌ぐ様々な利点が需要を押し上げる 128
8.5 その他 131
8.5.1 ナトリウム-硫黄電池 133
8.5.2 ニッケルカドミウム電池 134
8.5.3 ニッケル水素電池 134
8.5.4 ニッケル鉄電池 134
8.5.5 フライホイールバッテリー 134
9 バッテリー エネルギー ストレージシステムの市場、コネクションタイプ別 135
9.1 イントロダクション 136
9.2 オングリッド接続 138
9.2.1 世界の電力需要の急増が需要を押し上げる 138
9.3 オフグリッド接続 141
10 電池エネルギー貯蔵システム市場：所有者別 144
10.1 イントロダクション 145
10.2 顧客所有の 146
10.2.1 家庭用電気料金の削減が普及を促進 146
10.3 サードパーティ所有 148
10.4 所有するユーティリティ 149
10.4.1 再生可能エネルギー需要の増加が同分野を牽引 149
11 電池エネルギー貯蔵システム市場：エネルギー容量別 151
11.1 イントロダクション 152
11.2 100MWH未満 154
11.2.1 住宅用途の高い需要が需要を育てる 154
11.3 100～500MWHの間 155
11.4 500MWH以上 157
12 バッテリー エネルギー ストレージシステムの市場、用途別 159
12.1 イントロダクション 160
12.2 住宅 161
12.3 商業用 166
12.3.1 UPSシステムに対する需要の高まりが採用を後押し 166
12.4 ユーティリティ 169
13 バッテリー エネルギー ストレージシステムの市場、地域別 173
13.1 イントロダクション 174
13.2 北米 176
13.2.1 北米：リセッション時のインパクト 176
13.2.2 米国 179
13.2.3 カナダ 180
13.2.4 メキシコ 180
- 13.2.4.1 電力需要の増加が市場を牽引 180
13.3 ヨーロッパ 181
13.3.1 ヨーロッパ：リセッション時のインパクト 181
13.3.2 ドイツ 184
13.3.3 英国 185
- 13.3.3.1 エネルギー貯蔵に対する政府のイニシアチブの高まりが市場を促進 185
13.3.4 フランス 185
13.3.5 その他ヨーロッパ 186
13.4 アジア太平洋 186
13.4.1 アジア太平洋：リセッション時のインパクト 187
13.4.2 中国 189
13.4.3 日本 190
13.4.4 インド 191
13.4.5 オーストラリア 192
13.4.6 韓国 193
13.4.7 その他アジア太平洋 193
13.5 その他の地域 193
13.5.1 その他地域：リセッション時のインパクト 194
13.5.2 南米 195
13.5.3 中東・アフリカ 196
14 競合情勢 198
14.1 概要 198
14.2 主要プレイヤーの戦略 198
14.3 REVENUE ANALYSIS OF TOP COMPANIES 200
14.4 市場シェア分析 200
14.5 COMPETITIVE EVALUATION QUADRANT 203
14.5.1 STARS 203
14.5.2 EMERGING LEADERS 203
14.5.3 PERVASIVE PLAYERS 203
14.5.4 PARTICIPANTS 204
14.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT 205
14.6.1 PROGRESSIVE COMPANIES 205
14.6.2 RESPONSIVE COMPANIES 205
14.6.3 DYNAMIC COMPANIES 205
14.6.4 STARTING BLOCKS 205
14.7 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPANY FOOTPRINT 207
14.8 競合ベンチマーキング 210
14.9 競合シナリオ 212
15 企業プロファイル 217
15.1 主要企業 217
15.1.1 BYD COMPANY LIMITED 217
15.1.2 LG ENERGY SOLUTIONS CO., LTD 220
15.1.3 PANASONIC CORPORATION 224
15.1.4 SAMSUNG SDI CO., LTD 228
15.1.5 TESLA, INC 231
15.1.6 ABB 234
15.1.7 AEG POWER SOLUTIONS 238
15.1.8 DELTA ELECTRONICS INC 240
15.1.9 GENERAL ELECTRIC 242
15.1.10 HITACHI, LTD 245
15.1.11 HONEYWELL INTERNATIONAL, INC 248
15.1.12 NEC CORPORATION 251
15.1.13 NGK INSULATORS, LTD 253
15.1.14 SIEMENS AG 255
15.1.15 TOSHIBA CORPORATION 258
15.2 他の有力企業 261
15.2.1 EAST PENN MANUFACTURING COMPANY 261
15.2.2 ENERDEL, INC 262
15.2.3 EXERGONIX 263
15.2.4 JOHNSON CONTROLS 264
15.2.5 NEXTERA ENERGY, INC 265
15.2.6 PARKER HANNIFIN CORP 266
15.2.7 PRIMUS POWER 267
15.2.8 SOLAREDGE 267
15.2.9 THE AES CORPORATION 268
15.2.10 TRINABESS 269
16 関連市場 270
16.1 固体電池市場 270
16.1.1 イントロダクション 270
16.1.2 単セル電池 271
- 16.1.2.1 医療機器に採用される単電池技術 271
16.1.3 マルチセルバッテリー 273
16.2 固体電池市場：再充電性別 275
16.2.1 イントロダクション 275
16.2.2 一次電池 277
16.2.3 二次電池 278
17 付録 280
17.1 業界エキスパートの考察 280
17.2 ディスカッションガイド 281
17.3 ナレッジストア 284
17.4 カスタマイズオプション 286
17.5 関連レポート 286
17.6 執筆者の詳細 287
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Description
Table of Contents
1 INTRODUCTION 35
1.1 STUDY OBJECTIVES 35
1.2 MARKET DEFINITION 35
1.3 INCLUSIONS AND EXCLUSIONS 36
1.4 STUDY SCOPE 36
1.4.1 MARKETS COVERED 36
1.4.2 REGIONAL SCOPE 37
1.4.3 YEARS CONSIDERED 37
1.5 CURRENCY 37
1.6 STAKEHOLDERS 38
1.7 SUMMARY OF CHANGES 38
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
2.1.1 SECONDARY DATA 41
- 2.1.1.1 List of major secondary sources 41
- 2.1.1.2 Key data from secondary sources 42
2.1.2 PRIMARY DATA 42
- 2.1.2.1 Primary interviews with experts 42
- 2.1.2.2 Breakdown of primaries 43
- 2.1.2.3 Key data from primary sources 43
2.1.3 SECONDARY AND PRIMARY RESEARCH 44
- 2.1.3.1 Key industry insights 45
2.2 MARKET SIZE ESTIMATION 45
2.2.1 BOTTOM-UP APPROACH 45
- 2.2.1.1 Approach to derive market size using bottom-up analysis (demand side) 45
2.2.2 TOP-DOWN APPROACH 46
- 2.2.2.1 Approach to derive market size using top-down analysis (supply side) 46
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 49
2.4 RESEARCH ASSUMPTIONS 50
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON MARKET 50
2.6 LIMITATIONS 50
2.7 RISK ASSESSMENT 51
3 EXECUTIVE SUMMARY 52
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN BATTERY ENERGY STORAGE SYSTEM MARKET 56
4.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE 56
4.3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY 57
4.4 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION 57
4.5 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
5.2.1 DRIVERS 60
- 5.2.1.1 Accelerated deployment of grid energy storage systems in ongoing grid modernization projects 60
- 5.2.1.2 Adoption of lithium-ion batteries in renewable energy sector 60
- 5.2.1.3 Renewable energy revolution and transition toward low carbon-based economy 61
5.2.2 RESTRAINTS 62
- 5.2.2.1 High cost of installing battery energy storage systems 62
5.2.3 OPPORTUNITIES 63
- 5.2.3.1 Rapid adoption of battery energy storage systems in rural electrification projects worldwide 63
- 5.2.3.2 Increased demand for continuous power supply from data centers 64
- 5.2.3.3 Reduction in price of lithium-ion batteries 64
5.2.4 CHALLENGES 65
- 5.2.4.1 Difficulties pertaining to installation of battery energy storage systems in remote and isolated locations 65
- 5.2.4.2 Overheating of lithium-ion batteries due to abnormal discharges and short circuits 66
- 5.2.4.3 Aging of lithium-ion batteries due to complex chemical reactions between electrodes and electrolytes 66
5.3 VALUE CHAIN ANALYSIS 67
5.4 ECOSYSTEM ANALYSIS 69
5.5 PRICING ANALYSIS 73
5.5.1 AVERAGE SELLING PRICE TREND 73
5.5.2 AVERAGE SELLING PRICE OF BATTERY TYPES, BY KEY PLAYER 75
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 76
5.7 TECHNOLOGY ANALYSIS 77
5.7.1 SODIUM-SULFUR BATTERY 78
5.7.2 COBALT-FREE BATTERY 78
5.7.3 METAL-AIR BATTERY 78
5.7.4 LIQUID METAL BATTERY 78
5.7.5 POTASSIUM METAL BATTERY 78
5.7.6 ZINC-MANGANESE BATTERY 78
5.7.7 LITHIUM-SULFUR BATTERY 79
5.7.8 LITHIUM METAL BATTERY 79
5.8 PORTER’S FIVE FORCES ANALYSIS 79
5.8.1 THREAT OF NEW ENTRANTS 81
5.8.2 THREAT OF SUBSTITUTES 81
5.8.3 BARGAINING POWER OF SUPPLIERS 81
5.8.4 BARGAINING POWER OF BUYERS 81
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 82
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 82
5.9.2 BUYING CRITERIA 83
5.10 CASE STUDY ANALYSIS 83
5.10.1 GENERAL ELECTRIC TO DELIVER BATTERY ENERGY STORAGE SYSTEMS TO CONVERGENT 83
5.10.2 ADOPTION OF BATTERY ENERGY STORAGE SYSTEMS BY UTILITY PROVIDER COMPANY 84
5.10.3 DEPLOYMENT OF MICROGRID BATTERY ENERGY STORAGE SYSTEMS FOR RURAL ELECTRIFICATION IN NIGERIA 84
5.10.4 DEPLOYMENT OF OFF-GRID BATTERY ENERGY STORAGE SYSTEMS FOR RENEWABLE ENERGY PROJECT 84
5.10.5 ABB TO INSTALL BATTERY ENERGY STORAGE SYSTEMS IN PHILIPPINES 84
5.11 TRADE ANALYSIS 85
5.11.1 IMPORT SCENARIO 85
5.11.2 EXPORT SCENARIO 86
5.12 PATENT ANALYSIS 86
5.13 KEY CONFERENCES & EVENTS IN 2023-2024 91
5.14 REGULATORY LANDSCAPE 93
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
5.14.2 STANDARDS AND REGULATIONS RELATED TO BATTERY ENERGY STORAGE SYSTEM MARKET 95
6 MAJOR INPUT ENERGY SOURCES AND RECENT TRENDS RELATED TO BESS 98
6.1 INTRODUCTION 98
6.2 INPUT ENERGY SOURCES 98
6.2.1 SOLAR PANELS 98
6.2.2 WIND TURBINES 98
6.2.3 GRID POWER 99
6.2.4 DIESEL GENERATORS 99
6.2.5 OTHERS 99
6.3 RECENT TRENDS RELATED TO MARKET 99
6.3.1 RENEWABLE ENERGY SOURCES 99
6.3.2 ADVANCEMENTS IN BATTERY TECHNOLOGIES 100
6.3.3 AI AND ML 100
6.3.4 MICROGRIDS 100
6.3.5 HYBRID ENERGY STORAGE SYSTEMS 100
6.4 ANALYSIS OF VARIOUS BATTERY TECHNOLOGIES AND BESS 100
6.4.1 COMPREHENSIVE ANALYSIS OF VARIOUS TYPES OF BATTERY TECHNOLOGIES 100
6.4.2 COMPREHENSIVE ANALYSIS OF VARIOUS TYPES OF ENERGY STORAGE SYSTEMS 108
6.5 TYPES OF SYSTEMS FOR BATTERY ENERGY STORAGE 111
6.5.1 FRONT-OF-THE-METER (FTM) SYSTEM 111
6.5.2 BEHIND-THE-METER (BTM) SYSTEM 112
7 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT 113
7.1 INTRODUCTION 114
7.2 BATTERY 116
7.2.1 INCREASED USE IN BUILDING SUSTAINABLE AND RESILIENT ENERGY INFRASTRUCTURE TO DRIVE SEGMENT 116
7.3 OTHER ELEMENTS 117
7.3.1 HARDWARE 117
- 7.3.1.1 Use in facilitating proper communication of system with users to boost demand 117
7.3.2 OTHERS 118
- 7.3.2.1 Significance in proper functioning of BESS to propel demand 118
8 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE 119
8.1 INTRODUCTION 120
8.2 LITHIUM-ION BATTERIES 122
8.2.1 PROPERTIES SUCH AS HIGH ENERGY DENSITY AND EFFICIENCY TO DRIVE DEMAND 122
8.3 ADVANCED LEAD-ACID BATTERIES 125
8.3.1 EXTENSIVE ADOPTION IN GRID ENERGY STORAGE TO PROPEL DEMAND 125
8.4 FLOW BATTERIES 128
8.4.1 VARIOUS ADVANTAGES OVER CONVENTIONAL BATTERIES TO BOOST DEMAND 128
8.5 OTHERS 131
8.5.1 SODIUM-SULFUR BATTERY 133
8.5.2 NICKEL-CADMIUM BATTERY 134
8.5.3 NICKEL-METAL HYDRIDE BATTERY 134
8.5.4 NICKEL-IRON BATTERY 134
8.5.5 FLYWHEEL BATTERY 134
9 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE 135
9.1 INTRODUCTION 136
9.2 ON-GRID CONNECTION 138
9.2.1 SURGE IN GLOBAL ELECTRICITY DEMAND TO BOOST DEMAND 138
9.3 OFF-GRID CONNECTION 141
9.3.1 EMERGING ADOPTION IN PROVIDING ENERGY SUPPLY TO REMOTE AREAS TO PROPEL SEGMENT 141
10 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP 144
10.1 INTRODUCTION 145
10.2 CUSTOMER OWNED 146
10.2.1 REDUCED ELECTRICITY COSTS IN RESIDENTIAL APPLICATIONS TO DRIVE ADOPTION 146
10.3 THIRD-PARTY OWNED 148
10.3.1 REDUCTION IN ELECTRICITY BILLS WITH USE OF SOLAR ENERGY SYSTEMS TO PROPEL DEMAND 148
10.4 UTILITY OWNED 149
10.4.1 RISE IN DEMAND FOR RENEWABLE ENERGY SOURCES TO DRIVE SEGMENT 149
11 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY 151
11.1 INTRODUCTION 152
11.2 BELOW 100 MWH 154
11.2.1 HIGH DEMAND FROM RESIDENTIAL APPLICATIONS TO FOSTER DEMAND 154
11.3 BETWEEN 100 AND 500 MWH 155
11.3.1 INCREASED ADOPTION TO MANAGE UNCERTAINTIES IN POWER SYSTEMS TO PROPEL DEMAND 155
11.4 ABOVE 500 MWH 157
11.4.1 EXTENSIVE USE IN SMOOTHENING ENERGY FLUCTUATIONS WHILE SERVING ENERGY DEMANDS TO BOOST ADOPTION 157
12 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION 159
12.1 INTRODUCTION 160
12.2 RESIDENTIAL 161
12.2.1 GOVERNMENT INITIATIVES ENCOURAGING VARIOUS RESIDENTIAL ENERGY STORAGE PROJECTS TO BOOST DEMAND 161
12.3 COMMERCIAL 166
12.3.1 INCREASED DEMAND FOR UPS SYSTEMS TO PROPEL ADOPTION 166
12.4 UTILITY 169
12.4.1 INCREASED DEMAND FOR RENEWABLE ENERGY SOURCES IN ELECTRIC GRIDS TO DRIVE SEGMENT 169
13 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION 173
13.1 INTRODUCTION 174
13.2 NORTH AMERICA 176
13.2.1 NORTH AMERICA: RECESSION IMPACT 176
13.2.2 US 179
- 13.2.2.1 Extensive adoption of large-scale systems in power grids to accelerate market 179
13.2.3 CANADA 180
- 13.2.3.1 Increased investments in battery technology to fulfill peak energy demand in urban areas to propel market 180
13.2.4 MEXICO 180
- 13.2.4.1 Increased demand for electricity to drive market 180
13.3 EUROPE 181
13.3.1 EUROPE: RECESSION IMPACT 181
13.3.2 GERMANY 184
- 13.3.2.1 Increased focus on energy storage in residential applications to boost market 184
13.3.3 UK 185
- 13.3.3.1 Rise in government initiatives for energy storage to propel market 185
13.3.4 FRANCE 185
- 13.3.4.1 Increased use of renewable energy resources across sectors to drive market 185
13.3.5 REST OF EUROPE 186
13.4 ASIA PACIFIC 186
13.4.1 ASIA PACIFIC: RECESSION IMPACT 187
13.4.2 CHINA 189
- 13.4.2.1 Increased energy demand and ongoing battery energy storage projects to support market 189
13.4.3 JAPAN 190
- 13.4.3.1 Increased investments in solar and wind energy projects to boost market 190
13.4.4 INDIA 191
- 13.4.4.1 Significant government investments in development of low-cost batteries to drive market 191
13.4.5 AUSTRALIA 192
- 13.4.5.1 Government subsidies for deployment of large-scale battery storage projects to support market 192
13.4.6 SOUTH KOREA 193
- 13.4.6.1 Rise in adoption of battery energy storage systems in electric grids to fuel market 193
13.4.7 REST OF ASIA PACIFIC 193
13.5 REST OF THE WORLD (ROW) 193
13.5.1 ROW: RECESSION IMPACT 194
13.5.2 SOUTH AMERICA 195
- 13.5.2.1 Rise in government investments to deploy renewable energy to support market 195
13.5.3 MIDDLE EAST & AFRICA 196
- 13.5.3.1 Increased adoption due to growth of manufacturing sector to propel market 196
14 COMPETITIVE LANDSCAPE 198
14.1 OVERVIEW 198
14.2 STRATEGIES ADOPTED BY KEY PLAYERS 198
14.3 REVENUE ANALYSIS OF TOP COMPANIES 200
14.4 MARKET SHARE ANALYSIS 200
14.5 COMPETITIVE EVALUATION QUADRANT 203
14.5.1 STARS 203
14.5.2 EMERGING LEADERS 203
14.5.3 PERVASIVE PLAYERS 203
14.5.4 PARTICIPANTS 204
14.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT 205
14.6.1 PROGRESSIVE COMPANIES 205
14.6.2 RESPONSIVE COMPANIES 205
14.6.3 DYNAMIC COMPANIES 205
14.6.4 STARTING BLOCKS 205
14.7 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPANY FOOTPRINT 207
14.8 COMPETITIVE BENCHMARKING 210
14.9 COMPETITIVE SCENARIO 212
15 COMPANY PROFILES 217
15.1 KEY PLAYERS 217
15.1.1 BYD COMPANY LIMITED 217
15.1.2 LG ENERGY SOLUTIONS CO., LTD 220
15.1.3 PANASONIC CORPORATION 224
15.1.4 SAMSUNG SDI CO., LTD 228
15.1.5 TESLA, INC 231
15.1.6 ABB 234
15.1.7 AEG POWER SOLUTIONS 238
15.1.8 DELTA ELECTRONICS INC 240
15.1.9 GENERAL ELECTRIC 242
15.1.10 HITACHI, LTD 245
15.1.11 HONEYWELL INTERNATIONAL, INC 248
15.1.12 NEC CORPORATION 251
15.1.13 NGK INSULATORS, LTD 253
15.1.14 SIEMENS AG 255
15.1.15 TOSHIBA CORPORATION 258
15.2 OTHER PLAYERS 261
15.2.1 EAST PENN MANUFACTURING COMPANY 261
15.2.2 ENERDEL, INC 262
15.2.3 EXERGONIX 263
15.2.4 JOHNSON CONTROLS 264
15.2.5 NEXTERA ENERGY, INC 265
15.2.6 PARKER HANNIFIN CORP 266
15.2.7 PRIMUS POWER 267
15.2.8 SOLAREDGE 267
15.2.9 THE AES CORPORATION 268
15.2.10 TRINABESS 269
16 ADJACENT MARKETS 270
16.1 SOLID-STATE BATTERY MARKET 270
16.1.1 INTRODUCTION 270
16.1.2 SINGLE-CELL BATTERY 271
- 16.1.2.1 Single-cell battery technology well-adopted in medical devices 271
16.1.3 MULTI-CELL BATTERY 273
- 16.1.3.1 Multi-cell battery most trending battery technology for electric vehicles due to its high power density 273
16.2 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY 275
16.2.1 INTRODUCTION 275
16.2.2 PRIMARY BATTERY 277
- 16.2.2.1 Primary solid-state batteries to hold larger share of market during forecast period 277
16.2.3 SECONDARY BATTERY 278
- 16.2.3.1 Secondary solid-state batteries to witness higher growth rate during forecast period 278
17 APPENDIX 280
17.1 INSIGHTS FROM INDUSTRY EXPERTS 280
17.2 DISCUSSION GUIDE 281
17.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 284
17.4 CUSTOMIZATION OPTIONS 286
17.5 RELATED REPORTS 286
17.6 AUTHOR DETAILS 287
TABLE 1 BATTERY ENERGY STORAGE SYSTEM MARKET: ECOSYSTEM ANALYSIS TABLE 2 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERY PACKS FOR ENERGY STORAGE, BY REGION TABLE 3 AVERAGE SELLING PRICE OF BATTERY TYPES, BY KEY PLAYER (USD) TABLE 4 COMPARISON OF ENERGY STORAGE TECHNOLOGIES TABLE 5 CHARACTERISTICS OF TECHNOLOGIES IN BATTERY ENERGY STORAGE SYSTEMS TABLE 6 BATTERY ENERGY STORAGE SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%) TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS TABLE 9 TOP 20 PATENT OWNERS IN LAST 10 YEARS TABLE 10 LIST OF PATENTS RELATED TO BATTERY ENERGY STORAGE SYSTEM MARKET TABLE 11 BATTERY ENERGY STORAGE SYSTEM MARKET: CONFERENCES AND EVENTS TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS TABLE 16 REGULATIONS AND STANDARDS FOR BATTERY ENERGY STORAGE SYSTEMS TABLE 17 DIFFERENT TYPES OF BATTERY TECHNOLOGIES TABLE 18 VARIOUS TYPES OF ENERGY STORAGE SYSTEMS TABLE 19 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2019-2022 (USD MILLION) TABLE 20 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2023-2028 (USD MILLION) TABLE 21 COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES TABLE 22 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION) TABLE 23 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION) TABLE 24 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 25 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 26 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION) TABLE 27 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION) TABLE 28 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION) TABLE 29 LITHIUM-ION BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION) TABLE 30 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 31 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 32 ADVANCED LEAD-ACID MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION) TABLE 33 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION) TABLE 34 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION) TABLE 35 ADVANCED LEAD-ACID BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION) TABLE 36 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 37 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 38 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION) TABLE 39 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION) TABLE 40 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION) TABLE 41 FLOW BATTERIES: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION) TABLE 42 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 43 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 44 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION) TABLE 45 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION) TABLE 46 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION) TABLE 47 OTHERS: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION) TABLE 48 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 49 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 50 ON-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION) TABLE 51 ON-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION) TABLE 52 ON-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 53 ON-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 54 OFF-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION) TABLE 55 OFF-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION) TABLE 56 OFF-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 57 OFF-GRID: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 58 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2019-2022 (USD MILLION) TABLE 59 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2023-2028 (USD MILLION) TABLE 60 CUSTOMER OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 61 CUSTOMER OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 62 THIRD-PARTY OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 63 THIRD-PARTY OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 64 UTILITY OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 65 UTILITY OWNED: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 66 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION) TABLE 67 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION) TABLE 68 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 69 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 70 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 71 BELOW 100 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 72 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 73 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 74 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 75 BETWEEN 100 MWH AND 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 76 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 77 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 78 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 79 ABOVE 500 MWH: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 80 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 81 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 82 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION) TABLE 83 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION) TABLE 84 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 85 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 86 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION) TABLE 87 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION) TABLE 88 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2019-2022 (USD MILLION) TABLE 89 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2023-2028 (USD MILLION) TABLE 90 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION) TABLE 91 RESIDENTIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION) TABLE 92 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION) TABLE 93 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION) TABLE 94 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 95 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 96 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION) TABLE 97 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION) TABLE 98 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2019-2022 (USD MILLION) TABLE 99 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2023-2028 (USD MILLION) TABLE 100 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION) TABLE 101 COMMERCIAL: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION) TABLE 102 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2019-2022 (USD MILLION) TABLE 103 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2023-2028 (USD MILLION) TABLE 104 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2019-2022 (USD MILLION) TABLE 105 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2023-2028 (USD MILLION) TABLE 106 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2019-2022 (USD MILLION) TABLE 107 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2023-2028 (USD MILLION) TABLE 108 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2019-2022 (USD MILLION) TABLE 109 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2023-2028 (USD MILLION) TABLE 110 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION) TABLE 111 UTILITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION) TABLE 112 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION) TABLE 113 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION) TABLE 114 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 115 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 116 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION) TABLE 117 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION) TABLE 118 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 119 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 120 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION) TABLE 121 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION) TABLE 122 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 123 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 124 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION) TABLE 125 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION) TABLE 126 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION) TABLE 127 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD MILLION) TABLE 128 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2019-2022 (USD MILLION) TABLE 129 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2023-2028 (USD MILLION) TABLE 130 KEY DEVELOPMENTS IN BATTERY ENERGY STORAGE SYSTEM MARKET TABLE 131 BATTERY ENERGY STORAGE SYSTEM MARKET SHARE ANALYSIS (2022) TABLE 132 COMPANY FOOTPRINT TABLE 133 COMPANY FOOTPRINT: APPLICATION TABLE 134 COMPANY FOOTPRINT: REGION TABLE 135 BATTERY ENERGY STORAGE SYSTEM MARKET: LIST OF KEY STARTUPS/SMES TABLE 136 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES TABLE 137 BATTERY ENERGY STORAGE SYSTEM MARKET: PRODUCT LAUNCHES, 2021-2022 TABLE 138 BATTERY ENERGY STORAGE SYSTEM MARKET: DEALS, 2021-2023 TABLE 139 BATTERY ENERGY STORAGE SYSTEM MARKET: OTHERS, 2022 TABLE 140 BYD COMPANY LIMITED: BUSINESS OVERVIEW TABLE 141 BYD COMPANY LIMITED: PRODUCTS OFFERED TABLE 142 BYD COMPANY LIMITED: DEALS TABLE 143 LG ENERGY SOLUTIONS CO., LTD.: BUSINESS OVERVIEW TABLE 144 LG ENERGY SOLUTIONS CO., LTD.: PRODUCTS OFFERED TABLE 145 LG ENERGY SOLUTIONS CO., LTD.: DEALS TABLE 146 PANASONIC CORPORATION: BUSINESS OVERVIEW TABLE 147 PANASONIC CORPORATION: PRODUCTS OFFERED TABLE 148 PANASONIC CORPORATION: PRODUCT LAUNCHES TABLE 149 PANASONIC CORPORATION: DEALS TABLE 150 SAMSUNG SDI CO., LTD.: BUSINESS OVERVIEW TABLE 151 SAMSUNG SDI CO., LTD.: PRODUCTS OFFERED TABLE 152 SAMSUNG SDI CO., LTD.: PRODUCT LAUNCHES TABLE 153 TESLA, INC.: BUSINESS OVERVIEW TABLE 154 TESLA, INC.: PRODUCTS OFFERED TABLE 155 TESLA, INC.: PRODUCT LAUNCHES TABLE 156 ABB: BUSINESS OVERVIEW TABLE 157 ABB: PRODUCTS OFFERED TABLE 158 ABB: DEALS TABLE 159 AEG POWER SOLUTIONS: BUSINESS OVERVIEW TABLE 160 AEG POWER SOLUTIONS: PRODUCTS OFFERED TABLE 161 AEG POWER SOLUTIONS: DEALS TABLE 162 DELTA ELECTRONICS INC.: BUSINESS OVERVIEW TABLE 163 DELTA ELECTRONICS INC.: PRODUCTS OFFERED TABLE 164 GENERAL ELECTRIC: BUSINESS OVERVIEW TABLE 165 GENERAL ELECTRIC: PRODUCTS OFFERED TABLE 166 GENERAL ELECTRIC: PRODUCT LAUNCHES TABLE 167 GENERAL ELECTRIC: DEALS TABLE 168 GENERAL ELECTRIC: OTHERS TABLE 169 HITACHI, LTD.: BUSINESS OVERVIEW TABLE 170 HITACHI, LTD.: PRODUCTS OFFERED TABLE 171 HITACHI, LTD.: DEALS TABLE 172 HONEYWELL INTERNATIONAL, INC.: BUSINESS OVERVIEW TABLE 173 HONEYWELL INTERNATIONAL, INC: PRODUCTS OFFERED TABLE 174 HONEYWELL INTERNATIONAL, INC.: PRODUCT LAUNCHES TABLE 175 HONEYWELL INTERNATIONAL, INC.: DEALS TABLE 176 NEC CORPORATION: BUSINESS OVERVIEW TABLE 177 NEC CORPORATION: PRODUCTS OFFERED TABLE 178 NGK INSULATORS, LTD.: BUSINESS OVERVIEW TABLE 179 NGK INSULATORS, LTD.: PRODUCTS OFFERED TABLE 180 SIEMENS AG: BUSINESS OVERVIEW TABLE 181 SIEMENS AG: PRODUCTS OFFERED TABLE 182 SIEMENS AG: PRODUCT LAUNCHES TABLE 183 TOSHIBA CORPORATION: BUSINESS OVERVIEW TABLE 184 TOSHIBA CORPORATION: PRODUCTS OFFERED TABLE 185 TOSHIBA CORPORATION: PRODUCT LAUNCHES TABLE 186 TOSHIBA CORPORATION: DEALS TABLE 187 SOLID-STATE BATTERY MARKET, BY TYPE, 2017-2021 (USD MILLION) TABLE 188 SOLID-STATE BATTERY MARKET, BY TYPE, 2022-2028 (USD MILLION) TABLE 189 SINGLE-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017-2021 (USD MILLION) TABLE 190 SINGLE-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022-2028 (USD MILLION) TABLE 191 MULTI-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017-2021 (USD MILLION) TABLE 192 MULTI-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022-2028 (USD MILLION) TABLE 193 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY, 2017-2021 (USD MILLION) TABLE 194 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY, 2022-2028 (USD MILLION) TABLE 195 PRIMARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017-2021 (USD MILLION) TABLE 196 PRIMARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022-2028 (USD MILLION) TABLE 197 SECONDARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017-2021 (USD MILLION) TABLE 198 SECONDARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022-2028 (USD MILLION)
FIGURE 1 BATTERY ENERGY STORAGE SYSTEM MARKET: SEGMENTATION FIGURE 2 BATTERY ENERGY STORAGE SYSTEM MARKET: RESEARCH DESIGN FIGURE 3 BATTERY ENERGY STORAGE SYSTEM MARKET: BOTTOM-UP APPROACH FIGURE 4 BATTERY ENERGY STORAGE SYSTEM MARKET: TOP-DOWN APPROACH FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE FROM PRODUCTS/SOLUTIONS/SERVICES IN BATTERY ENERGY STORAGE SYSTEM MARKET FIGURE 6 DATA TRIANGULATION FIGURE 7 BATTERY ENERGY STORAGE SYSTEM MARKET FIGURE 8 LITHIUM-ION BATTERIES LARGEST SEGMENT OF BATTERY ENERGY STORAGE SYSTEM MARKET IN 2022 FIGURE 9 BATTERY SEGMENT TO CONTRIBUTE LARGER SHARE TO MARKET IN 2023 FIGURE 10 UTILITY APPLICATION SEGMENT ACCOUNTED FOR LARGEST MARKET SIZE IN 2022 FIGURE 11 ASIA PACIFIC HELD LARGEST MARKET SHARE IN 2022 FIGURE 12 GROWING DEMAND FOR CONTINUOUS POWER SUPPLY AND RISING ADOPTION OF BATTERY ENERGY STORAGE SYSTEMS FOR ELECTRIFICATION IN RURAL AREAS TO DRIVE MARKET FIGURE 13 LITHIUM-ION BATTERIES SEGMENT HELD LARGEST SHARE IN 2022 FIGURE 14 ABOVE 500 MWH ENERGY CAPACITY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD FIGURE 15 UTILITY TO BE LARGEST APPLICATION SEGMENT OF MARKET IN 2023 FIGURE 16 MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD FIGURE 17 BATTERY ENERGY STORAGE SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FIGURE 18 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF DRIVERS FIGURE 19 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF RESTRAINTS FIGURE 20 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES FIGURE 21 BATTERY ENERGY STORAGE SYSTEM MARKET: IMPACT ANALYSIS OF CHALLENGES FIGURE 22 BATTERY ENERGY STORAGE SYSTEM MARKET: VALUE CHAIN ANALYSIS FIGURE 23 BATTERY ENERGY STORAGE SYSTEM MARKET: ECOSYSTEM ANALYSIS FIGURE 24 BATTERY TECHNOLOGIES: ECOSYSTEM ANALYSIS FIGURE 25 BATTERY ENERGY STORAGE SYSTEM: PRICING BREAKDOWN FIGURE 26 AVERAGE PRICE OF LITHIUM-ION BATTERY PACKS FOR ENERGY STORAGE FIGURE 27 AVERAGE SELLING PRICE OF BATTERY TYPES, BY KEY PLAYER FIGURE 28 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS FIGURE 29 BATTERY ENERGY STORAGE SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS FIGURE 32 IMPORT DATA, BY KEY COUNTRY, 2017-2021 (USD MILLION) FIGURE 33 EXPORT DATA, BY KEY COUNTRY, 2017-2021 (USD MILLION) FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS FIGURE 35 NO. OF PATENTS GRANTED IN BATTERY ENERGY STORAGE SYSTEM MARKET ANNUALLY OVER LAST 10 YEARS FIGURE 36 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT FIGURE 37 SUPPLIERS INVOLVED IN BATTERY ENERGY STORAGE SYSTEM ECOSYSTEM FIGURE 38 BATTERY ELEMENT SEGMENT TO HOLD LARGER SHARE OF MARKET DURING FORECAST PERIOD FIGURE 39 CRITERIA FOR BATTERY SELECTION FIGURE 40 LAYOUT OF BATTERY ENERGY STORAGE SYSTEM FIGURE 41 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE FIGURE 42 LITHIUM-ION BATTERIES TO BE LARGEST SEGMENT OF MARKET DURING FORECAST PERIOD FIGURE 43 COMPARISON OF SODIUM-SULFUR BATTERIES WITH OTHER BATTERIES FIGURE 44 IMPORTANCE OF BATTERY ENERGY STORAGE SYSTEMS IN GRID CONNECTION FIGURE 45 APPLICATIONS OF BATTERY ENERGY STORAGE SYSTEMS ON GRID FIGURE 46 ON-GRID CONNECTION SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD FIGURE 47 ON-GRID CONNECTION FIGURE 48 BASIC OFF-GRID SYSTEMS FIGURE 49 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP FIGURE 50 UTILITY OWNED SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD FIGURE 51 LAYOUT OF BATTERY ENERGY STORAGE SYSTEM INSTALLATION IN RESIDENTIAL AREA FIGURE 52 ENERGY CAPACITY RANGES OF BATTERY ENERGY STORAGE SYSTEMS FIGURE 53 BATTERY ENERGY STORAGE SYSTEMS MARKET FOR ABOVE 500 MWH ENERGY CAPACITY TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 FIGURE 54 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION FIGURE 55 UTILITY TO BE LARGEST SEGMENT OF MARKET DURING FORECAST PERIOD FIGURE 56 TESLA POWERWALL INSTALLED FOR RESIDENTIAL APPLICATIONS FIGURE 57 BATTERY ENERGY STORAGE SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 FIGURE 58 NORTH AMERICA: SNAPSHOT OF BATTERY ENERGY STORAGE SYSTEM MARKET FIGURE 59 EUROPE: SNAPSHOT OF BATTERY ENERGY STORAGE SYSTEM MARKET FIGURE 60 ASIA PACIFIC: SNAPSHOT OF BATTERY ENERGY STORAGE SYSTEM MARKET FIGURE 61 FIVE-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN BATTERY ENERGY STORAGE SYSTEM MARKET FIGURE 62 BATTERY ENERGY STORAGE SYSTEM MARKET: SHARE OF KEY PLAYERS FIGURE 63 BATTERY ENERGY STORAGE SYSTEM MARKET (GLOBAL): COMPETITIVE EVALUATION QUADRANT, 2022 FIGURE 64 BATTERY ENERGY STORAGE SYSTEM MARKET (GLOBAL): SME EVALUATION QUADRANT, 2022 FIGURE 65 BYD COMPANY LIMITED: COMPANY SNAPSHOT FIGURE 66 LG ENERGY SOLUTIONS CO., LTD.: COMPANY SNAPSHOT FIGURE 67 PANASONIC CORPORATION: COMPANY SNAPSHOT FIGURE 68 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT FIGURE 69 TESLA, INC.: COMPANY SNAPSHOT FIGURE 70 ABB: COMPANY SNAPSHOT FIGURE 71 DELTA ELECTRONICS INC.: COMPANY SNAPSHOT FIGURE 72 GENERAL ELECTRIC: COMPANY SNAPSHOT FIGURE 73 HITACHI, LTD.: COMPANY SNAPSHOT FIGURE 74 HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT FIGURE 75 NEC CORPORATION: COMPANY SNAPSHOT FIGURE 76 NGK INSULATORS, LTD.: COMPANY SNAPSHOT FIGURE 77 SIEMENS AG: COMPANY SNAPSHOT FIGURE 78 TOSHIBA CORPORATION: COMPANY SNAPSHOT FIGURE 79 SOLID-STATE BATTERY MARKET, BY TYPE FIGURE 80 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY FIGURE 81 MARKET FOR SECONDARY SOLID-STATE BATTERY TO GROW AT HIGHER CAGR DURING 2022-2028
