Product Code: TMRGL27305
Battery Energy Storage Systems Market - Scope of Report
TMR's report on the global battery energy storage systems market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global battery energy storage systems market for the period 2017-2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global battery energy storage systems market from 2023 to 2031.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the battery energy storage systems market.
Market Snapshot |
Market Value in 2023 | US$ 20.4 Bn |
Market Value in 2031 | US$ 59.6 Bn |
CAGR | 12.7% |
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global battery energy storage systems market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global battery energy storage systems market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global battery energy storage systems market.
The report delves into the competitive landscape of the global battery energy storage systems market. Key players operating in the global battery energy storage systems market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global battery energy storage systems market profiled in this report.
Key Questions Answered in Global battery energy storage systems Market Report:
- What is the sales/revenue generated by battery energy storage systems across all regions during the forecast period?
- What are the opportunities in the global battery energy storage systems market?
- What are the major drivers, restraints, opportunities, and threats in the market?
- Which regional market is set to expand at the fastest CAGR during the forecast period?
- Which segment is expected to generate the highest revenue globally in 2031?
- Which segment is projected to expand at the highest CAGR during the forecast period?
- What are the market positions of different companies operating in the global market?
Battery Energy Storage Systems Market - Research Objectives and Research Approach
The comprehensive report on the global battery energy storage systems market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global battery energy storage systems market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global battery energy storage systems market.
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Key Facts and Figures
- 1.4. Trends Impacting Market
- 1.5. TMR's Growth Opportunity Wheel
2. Market Overview
- 2.1. Market Segmentation
- 2.2. Key Developments
- 2.3. Market Definitions
- 2.4. Key Market Trends
- 2.5. Market Dynamics
- 2.5.1. Drivers
- 2.5.2. Restraints
- 2.5.3. Opportunities
- 2.6. Global Battery Energy Storage Systems Market Analysis and Forecast, 2020-2031
- 2.6.1. Global Battery Energy Storage Systems Market Value (US$ Mn)
- 2.7. Porter's Five Forces Analysis
- 2.8. Regulatory Landscape
- 2.9. Value Chain Analysis
- 2.9.1. List of Raw Material Suppliers
- 2.9.2. List of Key Manufacturers
- 2.9.3. List of Key Suppliers
- 2.9.4. List of Potential Customers
- 2.10. Product Specification Analysis
- 2.11. Production Overview
- 2.12. Cost Structure Analysis
3. COVID-19 Impact Analysis
- 3.1. Impact on the Supply Chain of the Battery Energy Storage Systems
- 3.2. Impact on the Demand of Battery Energy Storage Systems- Pre & Post Crisis
4. Production Output Analysis, 2022
- 4.1. North America
- 4.2. Europe
- 4.3. Asia Pacific
- 4.4. Latin America
- 4.5. Middle East & Africa
5. Impact of Current Geopolitical Scenario on Market
6. Price Trend Analysis and Forecast (US$), 2020-2031
- 6.1. Price Trend Analysis, by Technology
- 6.2. Price Trend Analysis, by Region
7. Battery Energy Storage Systems Market Analysis and Forecast, by Technology, 2020-2031
- 7.1. Introduction and Definitions
- 7.2. Global Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 7.2.1. Lithium-ion Batteries
- 7.2.1.1. Lithium Cobalt Oxide
- 7.2.1.2. Lithium Manganese Oxide
- 7.2.1.3. Lithium Nickel Manganese Cobalt Oxide (NMC)
- 7.2.1.4. Lithium Iron Phosphate (LFP)
- 7.2.1.5. Lithium Nickel Cobalt Aluminum Oxide
- 7.2.1.6. Lithium Titanate
- 7.2.2. Nickel Cadmium batteries
- 7.2.3. Sodium Sulfur Batteries
- 7.2.4. Sodium-ion Batteries
- 7.2.5. Flow Batteries
- 7.2.5.1. Redox Flow Batteries
- 7.2.5.2. Iron Chromium Flow Batteries
- 7.2.5.3. Vanadium Redox Batteries
- 7.2.5.4. Hybrid Flow Batteries
- 7.2.5.4.1. Zinc Hybrid Cathode
- 7.2.5.4.2. Other Hybrid Batteries
- 7.2.5.5. Others
- 7.2.6. Others
- 7.3. Global Battery Energy Storage Systems Market Attractiveness, by Technology
8. Global Battery Energy Storage Systems Market Analysis and Forecast, Application, 2020-2031
- 8.1. Introduction and Definitions
- 8.2. Global Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020-2031
- 8.2.1. On-grid Connected Systems
- 8.2.2. Off-grid Connected Systems
- 8.2.3. Automotive
- 8.2.4. Others
- 8.3. Global Battery Energy Storage Systems Market Attractiveness, by Application
9. Global Battery Energy Storage Systems Market Analysis and Forecast, by Region, 2020-2031
- 9.1. Key Findings
- 9.2. Global Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Region, 2020-2031
- 9.2.1. North America
- 9.2.2. Europe
- 9.2.3. Asia Pacific
- 9.2.4. Latin America
- 9.2.5. Middle East & Africa
- 9.3. Global Battery Energy Storage Systems Market Attractiveness, by Region
10. North America Battery Energy Storage Systems Market Analysis and Forecast, 2020-2031
- 10.1. Key Findings
- 10.2. North America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 10.3. North America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020-2031
- 10.4. North America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country, 2020-2031
- 10.4.1. U.S. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 10.4.2. U.S. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 10.4.3. Canada Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 10.4.4. Canada Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 10.5. North America Battery Energy Storage Systems Market Attractiveness Analysis
11. Europe Battery Energy Storage Systems Market Analysis and Forecast, 2020-2031
- 11.1. Key Findings
- 11.2. Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 11.3. Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020-2031
- 11.4. Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020-2031
- 11.4.1. Germany Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Type, 2020-2031
- 11.4.2. Germany Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 11.4.3. France Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 11.4.4. France Battery Energy Storage Systems Market and Value (US$ Mn) Forecast, Application, 2020-2031
- 11.4.5. U.K. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 11.4.6. U.K. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 11.4.7. Italy Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 11.4.8. Italy Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 11.4.9. Russia & CIS Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 11.4.10. Russia & CIS Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 11.4.11. Rest of Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 11.4.12. Rest of Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 11.5. Europe Battery Energy Storage Systems Market Attractiveness Analysis
12. Asia Pacific Battery Energy Storage Systems Market Analysis and Forecast, 2020-2031
- 12.1. Key Findings
- 12.2. Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology
- 12.3. Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020-2031
- 12.4. Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020-2031
- 12.4.1. China Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 12.4.2. China Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 12.4.3. Japan Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 12.4.4. Japan Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 12.4.5. India Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 12.4.6. India Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 12.4.7. ASEAN Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 12.4.8. ASEAN Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 12.4.9. Rest of Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 12.4.10. Rest of Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 12.5. Asia Pacific Battery Energy Storage Systems Market Attractiveness Analysis
13. Latin America Battery Energy Storage Systems Market Analysis and Forecast, 2020-2031
- 13.1. Key Findings
- 13.2. Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 13.3. Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020-2031
- 13.4. Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020-2031
- 13.4.1. Brazil Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 13.4.2. Brazil Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 13.4.3. Mexico Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 13.4.4. Mexico Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 13.4.5. Rest of Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 13.4.6. Rest of Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 13.5. Latin America Battery Energy Storage Systems Market Attractiveness Analysis
14. Middle East & Africa Battery Energy Storage Systems Market Analysis and Forecast, 2020-2031
- 14.1. Key Findings
- 14.2. Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 14.3. Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020-2031
- 14.4. Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020-2031
- 14.4.1. GCC Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 14.4.2. GCC Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 14.4.3. South Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 14.4.4. South Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 14.4.5. Rest of Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020-2031
- 14.4.6. Rest of Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020-2031
- 14.5. Middle East & Africa Battery Energy Storage Systems Market Attractiveness Analysis
15. Competition Landscape
- 15.1. Global Battery Energy Storage Systems Company Market Share Analysis, 2021
- 15.2. Company Profiles (Details - Overview, Financials, Recent Developments, and Strategy)
- 15.2.1. ABB Group
- 15.2.1.1. Company Revenue
- 15.2.1.2. Business Overview
- 15.2.1.3. Product Segments
- 15.2.1.4. Geographic Footprint
- 15.2.1.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.1.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.2. Maxwell Technologies, Inc.
- 15.2.2.1. Company Revenue
- 15.2.2.2. Business Overview
- 15.2.2.3. Product Segments
- 15.2.2.4. Geographic Footprint
- 15.2.2.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.2.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.3. LG Chem
- 15.2.3.1. Company Revenue
- 15.2.3.2. Business Overview
- 15.2.3.3. Product Segments
- 15.2.3.4. Geographic Footprint
- 15.2.3.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.3.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.4. NEC Corporation
- 15.2.4.1. Company Revenue
- 15.2.4.2. Business Overview
- 15.2.4.3. Product Segments
- 15.2.4.4. Geographic Footprint
- 15.2.4.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.4.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.5. General Electric
- 15.2.5.1. Company Revenue
- 15.2.5.2. Business Overview
- 15.2.5.3. Product Segments
- 15.2.5.4. Geographic Footprint
- 15.2.5.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.5.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.6. Hitachi Ltd.
- 15.2.6.1. Company Revenue
- 15.2.6.2. Business Overview
- 15.2.6.3. Product Segments
- 15.2.6.4. Geographic Footprint
- 15.2.6.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.6.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.7. Panasonic Corporation
- 15.2.7.1. Company Revenue
- 15.2.7.2. Business Overview
- 15.2.7.3. Product Segments
- 15.2.7.4. Geographic Footprint
- 15.2.7.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.7.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.8. Siemens AG
- 15.2.8.1. Company Revenue
- 15.2.8.2. Business Overview
- 15.2.8.3. Product Segments
- 15.2.8.4. Geographic Footprint
- 15.2.8.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.8.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.9. Tesla
- 15.2.9.1. Company Revenue
- 15.2.9.2. Business Overview
- 15.2.9.3. Product Segments
- 15.2.9.4. Geographic Footprint
- 15.2.9.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.9.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.10. Schneider Electric SE
- 15.2.10.1. Company Revenue
- 15.2.10.2. Business Overview
- 15.2.10.3. Product Segments
- 15.2.10.4. Geographic Footprint
- 15.2.10.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.10.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.11. Samsung SDI
- 15.2.11.1. Company Revenue
- 15.2.11.2. Business Overview
- 15.2.11.3. Product Segments
- 15.2.11.4. Geographic Footprint
- 15.2.11.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.11.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.12. Gildemeister Energy Solutions
- 15.2.12.1. Company Revenue
- 15.2.12.2. Business Overview
- 15.2.12.3. Product Segments
- 15.2.12.4. Geographic Footprint
- 15.2.12.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.12.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.13. AEG Power Solutions
- 15.2.13.1. Company Revenue
- 15.2.13.2. Business Overview
- 15.2.13.3. Product Segments
- 15.2.13.4. Geographic Footprint
- 15.2.13.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.13.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.14. AES Corporation
- 15.2.14.1. Company Revenue
- 15.2.14.2. Business Overview
- 15.2.14.3. Product Segments
- 15.2.14.4. Geographic Footprint
- 15.2.14.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.14.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.15. Primus Power
- 15.2.15.1. Company Revenue
- 15.2.15.2. Business Overview
- 15.2.15.3. Product Segments
- 15.2.15.4. Geographic Footprint
- 15.2.15.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.15.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
- 15.2.16. Rongke Power
- 15.2.16.1. Company Revenue
- 15.2.16.2. Business Overview
- 15.2.16.3. Product Segments
- 15.2.16.4. Geographic Footprint
- 15.2.16.5. Production Capacity/Plant Details, etc. (*As Applicable)
- 15.2.16.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
16. Primary Research: Key Insights
17. Appendix