2018-2023 Global Battery Energy Storage Consumption Market Report
In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Battery Energy Storage market for 2018-2023.
The lithium-ion batteries have a long lifespan of 5–10 years, and up to 98% efficiency (i.e., only 2% of electrical charge is lost during use). The lithium-ion batteries have very high energy and power densities, which leads to lower weight with low standby losses, and high life expectancy. Lithium-ion batteries continue to hold a large size of the battery energy storage system market owing to its features such as high energy density, self-discharge capability, low maintenance requirement, less weight, and high life expectancy. Battery energy storage system is well suited for smoothing the variable output of renewables and controlling the rapid ramping up and down of solar as well as wind generation. The grid operators and regulators are aware of the importance of battery energy storage systems and their ability to cater through multiple services. The utility operators are using these systems in their resource planning processes, which reduces the system costs and increases storage capacity.
The major drivers for the growth of the market include the increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries. However, the factors such as the installation of battery energy storage systems in remote locations pose a challenge for the players in the market. the Americas dominated the battery energy storage market for smart grid and accounted for around 60% of the total market share. Much of the region’s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems. The governmental support across different countries in the region and the growing investments in the development and deployment of integrated smart grid systems is expected to drive the demand for smart energy in the region in the coming years.
Over the next five years, LPI(LP Information) projects that Battery Energy Storage will register a 32.6% CAGR in terms of revenue, reach US$ 8260 million by 2023, from US$ 1520 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Battery Energy Storage market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Li-Ion Batteries
Lead-Acid Batteries
Sodium Sulfur Batteries
Segmentation by application:
Residential
Non-Residential
Utilities
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Siemens
ABB
Samsung SDI
Bosch
BYD
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Battery Energy Storage consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Battery Energy Storage market by identifying its various subsegments.
Focuses on the key global Battery Energy Storage manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Battery Energy Storage with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Battery Energy Storage submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2018-2023 Global Battery Energy Storage Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Battery Energy Storage Consumption 2013-2023
2.1.2 Battery Energy Storage Consumption CAGR by Region
2.2 Battery Energy Storage Segment by Type
2.2.1 Li-Ion Batteries
2.2.2 Lead-Acid Batteries
2.2.3 Sodium Sulfur Batteries
2.3 Battery Energy Storage Consumption by Type
2.3.1 Global Battery Energy Storage Consumption Market Share by Type (2013-2018)
2.3.2 Global Battery Energy Storage Revenue and Market Share by Type (2013-2018)
2.3.3 Global Battery Energy Storage Sale Price by Type (2013-2018)
2.4 Battery Energy Storage Segment by Application
2.4.1 Residential
2.4.2 Non-Residential
2.4.3 Utilities
2.4.4 Others
2.5 Battery Energy Storage Consumption by Application
2.5.1 Global Battery Energy Storage Consumption Market Share by Application (2013-2018)
2.5.2 Global Battery Energy Storage Value and Market Share by Application (2013-2018)
2.5.3 Global Battery Energy Storage Sale Price by Application (2013-2018)
3 Global Battery Energy Storage by Players
3.1 Global Battery Energy Storage Sales Market Share by Players
3.1.1 Global Battery Energy Storage Sales by Players (2016-2018)
3.1.2 Global Battery Energy Storage Sales Market Share by Players (2016-2018)
3.2 Global Battery Energy Storage Revenue Market Share by Players
3.2.1 Global Battery Energy Storage Revenue by Players (2016-2018)
3.2.2 Global Battery Energy Storage Revenue Market Share by Players (2016-2018)
3.3 Global Battery Energy Storage Sale Price by Players
3.4 Global Battery Energy Storage Manufacturing Base Distribution, Sales Area, Product Types by Players
3.4.1 Global Battery Energy Storage Manufacturing Base Distribution and Sales Area by Players
3.4.2 Players Battery Energy Storage Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 Battery Energy Storage by Regions
4.1 Battery Energy Storage by Regions
4.1.1 Global Battery Energy Storage Consumption by Regions
4.1.2 Global Battery Energy Storage Value by Regions
4.2 Americas Battery Energy Storage Consumption Growth
4.3 APAC Battery Energy Storage Consumption Growth
4.4 Europe Battery Energy Storage Consumption Growth
4.5 Middle East & Africa Battery Energy Storage Consumption Growth
5 Americas
5.1 Americas Battery Energy Storage Consumption by Countries
5.1.1 Americas Battery Energy Storage Consumption by Countries (2013-2018)
5.1.2 Americas Battery Energy Storage Value by Countries (2013-2018)
5.2 Americas Battery Energy Storage Consumption by Type
5.3 Americas Battery Energy Storage Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Battery Energy Storage Consumption by Countries
6.1.1 APAC Battery Energy Storage Consumption by Countries (2013-2018)
6.1.2 APAC Battery Energy Storage Value by Countries (2013-2018)
6.2 APAC Battery Energy Storage Consumption by Type
6.3 APAC Battery Energy Storage Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Battery Energy Storage by Countries
7.1.1 Europe Battery Energy Storage Consumption by Countries (2013-2018)
7.1.2 Europe Battery Energy Storage Value by Countries (2013-2018)
7.2 Europe Battery Energy Storage Consumption by Type
7.3 Europe Battery Energy Storage Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa Battery Energy Storage by Countries
8.1.1 Middle East & Africa Battery Energy Storage Consumption by Countries (2013-2018)
8.1.2 Middle East & Africa Battery Energy Storage Value by Countries (2013-2018)
8.2 Middle East & Africa Battery Energy Storage Consumption by Type
8.3 Middle East & Africa Battery Energy Storage Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Marketing, Distributors and Customer
10.1 Sales Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.2 Battery Energy Storage Distributors
10.3 Battery Energy Storage Customer
11 Global Battery Energy Storage Market Forecast
11.1 Global Battery Energy Storage Consumption Forecast (2018-2023)
11.2 Global Battery Energy Storage Forecast by Regions
11.2.1 Global Battery Energy Storage Forecast by Regions (2018-2023)
11.2.2 Global Battery Energy Storage Value Forecast by Regions (2018-2023)
11.2.3 Americas Consumption Forecast
11.2.4 APAC Consumption Forecast
11.2.5 Europe Consumption Forecast
11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
11.3.1 United States Market Forecast
11.3.2 Canada Market Forecast
11.3.3 Mexico Market Forecast
11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
11.4.1 China Market Forecast
11.4.2 Japan Market Forecast
11.4.3 Korea Market Forecast
11.4.4 Southeast Asia Market Forecast
11.4.5 India Market Forecast
11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
11.5.1 Germany Market Forecast
11.5.2 France Market Forecast
11.5.3 UK Market Forecast
11.5.4 Italy Market Forecast
11.5.5 Russia Market Forecast
11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
11.6.1 Egypt Market Forecast
11.6.2 South Africa Market Forecast
11.6.3 Israel Market Forecast
11.6.4 Turkey Market Forecast
11.6.5 GCC Countries Market Forecast
11.7 Global Battery Energy Storage Forecast by Type
11.8 Global Battery Energy Storage Forecast by Application
12 Key Players Analysis
12.1 Siemens
12.1.1 Company Details
12.1.2 Battery Energy Storage Product Offered
12.1.3 Siemens Battery Energy Storage Sales, Revenue, Price and Gross Margin (2016-2018)
12.1.4 Main Business Overview
12.1.5 Siemens News
12.2 ABB
12.2.1 Company Details
12.2.2 Battery Energy Storage Product Offered
12.2.3 ABB Battery Energy Storage Sales, Revenue, Price and Gross Margin (2016-2018)
12.2.4 Main Business Overview
12.2.5 ABB News
12.3 Samsung SDI
12.3.1 Company Details
12.3.2 Battery Energy Storage Product Offered
12.3.3 Samsung SDI Battery Energy Storage Sales, Revenue, Price and Gross Margin (2016-2018)
12.3.4 Main Business Overview
12.3.5 Samsung SDI News
12.4 Bosch
12.4.1 Company Details
12.4.2 Battery Energy Storage Product Offered
12.4.3 Bosch Battery Energy Storage Sales, Revenue, Price and Gross Margin (2016-2018)
12.4.4 Main Business Overview
12.4.5 Bosch News
12.5 BYD
12.5.1 Company Details
12.5.2 Battery Energy Storage Product Offered
12.5.3 BYD Battery Energy Storage Sales, Revenue, Price and Gross Margin (2016-2018)
12.5.4 Main Business Overview
12.5.5 BYD News
...
13 Research Findings and Conclusion
