Global Battery Energy Storage Market Professional Survey Report 2019
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.
The global Battery Energy Storage market was valued at 1520 million US$ in 2018 and will reach 14900 million US$ by the end of 2025, growing at a CAGR of 33.0% during 2019-2025.
This report focuses on Battery Energy Storage volume and value at global level, regional level and company level. From a global perspective, this report represents overall Battery Energy Storage market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Battery Energy Storage in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Battery Energy Storage manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Segment by Regions
Segment by Type
Sodium Sulfur Batteries
Segment by Application
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.