Global Battery Energy Storage for Renewables Market Insights, Forecast to 2025
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.
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.
The Battery Energy Storage for Renewables market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Battery Energy Storage for Renewables.
This report presents the worldwide Battery Energy Storage for Renewables market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
AES Energy Storage
A123 Systems
Axion Power
BYD
LG Chem
NGK Insulators
SAFT
Samsung SDI
Battery Energy Storage for Renewables Breakdown Data by Type
Li-Ion
Lead-Acid
Sodium
Others
Battery Energy Storage for Renewables Breakdown Data by Application
Laptops
Smartphones
Notebooks
Tablets
Battery Energy Storage for Renewables Production by Region
United States
Europe
China
Japan
Other Regions
Battery Energy Storage for Renewables Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Battery Energy Storage for Renewables status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Battery Energy Storage for Renewables manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Battery Energy Storage for Renewables :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Battery Energy Storage for Renewables market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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.
The Battery Energy Storage for Renewables market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Battery Energy Storage for Renewables.
This report presents the worldwide Battery Energy Storage for Renewables market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
AES Energy Storage
A123 Systems
Axion Power
BYD
LG Chem
NGK Insulators
SAFT
Samsung SDI
Battery Energy Storage for Renewables Breakdown Data by Type
Li-Ion
Lead-Acid
Sodium
Others
Battery Energy Storage for Renewables Breakdown Data by Application
Laptops
Smartphones
Notebooks
Tablets
Battery Energy Storage for Renewables Production by Region
United States
Europe
China
Japan
Other Regions
Battery Energy Storage for Renewables Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Battery Energy Storage for Renewables status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Battery Energy Storage for Renewables manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Battery Energy Storage for Renewables :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Battery Energy Storage for Renewables market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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