Report overview
This report studies the Battery Energy Storage Systems (ESS) market, from angles of company, regions, product types and end industries, to analyze the status and the future. In this report, Battery Energy Storage Systems (ESS) mainly focuses on the electric ESS, instead of the mechanical ESS, thermo-dynamic ESS.
Energy storage systems are the set of methods and technologies used to store various forms of energy.
Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is generally called an accumulator or battery.
This report aims to provide a comprehensive presentation of the global market for Battery Energy Storage System (ESS?, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Battery Energy Storage System (ESS?. This report contains market size and forecasts of Battery Energy Storage System (ESS? in global, including the following market information:
Global Battery Energy Storage System (ESS? Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Battery Energy Storage System (ESS? Market Sales, 2018-2023, 2024-2029, (MW)
Global top five Battery Energy Storage System (ESS? companies in 2022 (%)
The global Battery Energy Storage System (ESS? market was valued at US$ 2958.8 million in 2022 and is projected to reach US$ 15350 million by 2029, at a CAGR of 26.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For the major players of Battery Energy Storage System (ESS), Samsung SDI maintained its first place in the ranking in 2019. Followed by LG Chem, Fluence, Hitachi and Kokam. The Top 5 players accounted for about 51% of the Global Battery Energy Storage System (ESS) revenue market share in 2019.
North America, Europe, China, South Korea, Japan are the main production areas. Asia-Pacific occupied the largest revenue market share with nearly 38% in 2019. It is followed by Europe and North America with 30% and 19% respectively.
The type of Lithium Battery Energy Storage System (ESS) including Lithium, Lead Acid, NaS and others. Lithium Battery Energy Storage System (ESS) segment is projected to account for the largest revenue market share with around 89% in 2019.
In the applications, there are Residential and Utility & Commercial. Residential segment was estimated to account for the highest market share of about 58% in 2019.
We surveyed the Battery Energy Storage System (ESS? manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Battery Energy Storage System (ESS? Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Battery Energy Storage System (ESS? Market Segment Percentages, by Type, 2022 (%)
Lithium
Lead Acid
NaS
Others
Global Battery Energy Storage System (ESS? Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Battery Energy Storage System (ESS? Market Segment Percentages, by Application, 2022 (%)
Residential
Utility & Commercial
Global Battery Energy Storage System (ESS? Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Battery Energy Storage System (ESS? Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Battery Energy Storage System (ESS? revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Battery Energy Storage System (ESS? revenues share in global market, 2022 (%)
Key companies Battery Energy Storage System (ESS? sales in global market, 2018-2023 (Estimated), (MW)
Key companies Battery Energy Storage System (ESS? sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Battery Energy Storage System (ESS?, market overview.
Chapter 2: Global Battery Energy Storage System (ESS? market size in revenue and volume.
Chapter 3: Detailed analysis of Battery Energy Storage System (ESS? manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Battery Energy Storage System (ESS? in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Battery Energy Storage System (ESS? capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
