Report overview
Energy storage capabilities are crucial for the integration of high levels variable renewable sources, such as solar and wind energy, onto the power grid. This report shows that battery storage technologies for renewable energy are already cost-competitive for island and rural applications. Furthermore, the market for battery storage systems coupled with rooftop solar panels has started growing rapidly.
This report aims to provide a comprehensive presentation of the global market for Battery Energy Storage for Renewables, 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 for Renewables. This report contains market size and forecasts of Battery Energy Storage for Renewables in global, including the following market information:
Global Battery Energy Storage for Renewables Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Battery Energy Storage for Renewables Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Battery Energy Storage for Renewables companies in 2022 (%)
The global Battery Energy Storage for Renewables market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Instability of renewable energy sources like wind and solar energy, increasing awareness about environmental crisis, government support and carbon dioxide emission are main factor contributing to the growth of market. The Americas is the largest contributor to the battery energy storage market for renewables, which is closely followed by the APAC region. However, the Americas is expected to experience a decrease in the market share because of the growing installations of battery storage for renewables in the APAC and EMEA regions.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Battery Energy Storage for Renewables 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 for Renewables Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Battery Energy Storage for Renewables Market Segment Percentages, by Type, 2022 (%)
Li-Ion
Lead-Acid
Sodium
Others
Global Battery Energy Storage for Renewables Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Battery Energy Storage for Renewables Market Segment Percentages, by Application, 2022 (%)
Laptops
Smartphones
Notebooks
Tablets
Global Battery Energy Storage for Renewables Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Battery Energy Storage for Renewables 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 for Renewables revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Battery Energy Storage for Renewables revenues share in global market, 2022 (%)
Key companies Battery Energy Storage for Renewables sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Battery Energy Storage for Renewables sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
AES Energy Storage
A123 Systems
Axion Power
BYD
LG Chem
NGK Insulators
SAFT
Samsung SDI
Outline of Major Chapters:
Chapter 1: Introduces the definition of Battery Energy Storage for Renewables, market overview.
Chapter 2: Global Battery Energy Storage for Renewables market size in revenue and volume.
Chapter 3: Detailed analysis of Battery Energy Storage for Renewables 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 for Renewables 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 for Renewables 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.
