Battery energy storage systems market was valued at $5.28 billion in 2021. Battery energy storage system market size and trends by regions, countries, technology, drivers, constraints, key players, and forecast, 2021-2026 offers comprehensive information and understanding of the global battery energy storage system market. the report analyzes the current trend and future potential of the battery energy storage market at global, regional (Asia-Pacific, Americas, Europe, and the Middle East and Africa), and key countries (the US, Chile, China, India, Japan, Australia, Republic of Korea, Germany, the UK, and France) level.
Battery energy storage systems market overview
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Which are the key regions in the battery energy storage systems market?
The key regions in the battery energy storage systems market are Americas, APAC, and EMEA. Asia-Pacific is the largest market for battery energy storage.
Which are the key countries in the battery energy storage systems market?
The key countries in the battery energy storage systems market are the US, Chile, China, India, Japan, Australia, Republic of Korea, Germany, the UK, and France.
Battery energy storage systems market, by key countries
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Which are the key technologies in the battery energy storage systems market?
The key technologies in the battery energy storage systems market are lithium-ion battery, lithium iron phosphate battery, sodium-based battery, others, lead-acid battery, flow battery, hybrid, and nickel-based battery.
Lithium-ion has eclipsed lead-acid as the primary technology for battery storage deployment. Lithium-ion’s cost and performance advantages, deep discharge cycle life, energy and power density, and other attributes proved more suitable for storage than those of other types of batteries. Li-ion technology prices are expected to decrease further due to technological improvements and growing market acceptance. Although flow batteries constitute a small portion of the market, they form a promising longer-term battery storage solution (4 hrs or more). This is due to the technology’s ability to handle large energy capacity and offer better cycle durability. Currently, several technologies are in development stage and could alter the market with the proliferation of technology types such as lithium-ion, beyond the forecast period. Over the forecast period, lithium-ion is expected to be the mainstay of the BESS market.
Battery energy storage systems market, by key technologies
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Which are the key competitors in the battery energy storage systems market?
The key competitors in the battery energy storage systems market are Tesla Inc, LG Chem Ltd, Samsung SDI Co Ltd, Fluence Energy Inc, BYD Co Ltd, NGK Insulators Ltd, GS Yuasa Corp, NEC Energy Solutions Inc, Saft Groupe SA, Narada Power Source Co Ltd, Toshiba Corp, and Wartsila Corp.
Tesla Inc, LG Chem Ltd, Samsung SDI Co Ltd, Fluence Energy Inc, and BYD Co Ltd are some of the major market participants in battery projects installed worldwide. Although lithium-ion is in the lead in market deployments, flow batteries and hybrid battery systems will also find a place eventually. As the energy storage industry progresses, companies have to strive for technological advancement in order to stay up-to-date with industry trends.
Battery energy storage systems market, by key competitors
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Market report scope
| Market size 2021 | $5.28 billion |
| Forecast period | 2021-2026 |
| Key regions | Americas, APAC, and EMEA |
| Key countries | US, Chile, China, India, Japan, Australia, Republic of Korea, Germany, the UK, and France |
| Key technologies | Lithium-ion Battery, Lithium Iron Phosphate Battery, Sodium-Based Battery, Others, Lead-Acid Battery, Flow Battery, Hybrid, and Nickel-Based Battery. |
| Key competitors | Tesla Inc, LG Chem Ltd, Samsung SDI Co Ltd, Fluence Energy Inc, BYD Co Ltd, NGK Insulators Ltd, GS Yuasa Corp, NEC Energy Solutions Inc, Saft Groupe SA, Narada Power Source Co Ltd, Toshiba Corp, and Wartsila Corp |
 Scope
The report analyses the switchgears utilized for power transmission. Its scope includes:
- Analysis of the market trends at global and regional levels including Asia-Pacific, Americas, Europe, and Middle East and Africa.
- The report provides market analysis for key countries including the US, Canada, Brazil, India, China, Japan, Russia, Germany, Saudi Arabia, and the UK.
- The report offers market analysis (value and volume) for the historical period and forecast period.
- It provides competitive landscape of leading players at country level for the report analyses battery energy storage system market. Its scope includes:
- Analysis of the growth of battery energy storage system market with a focus on market value in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
- The report provides battery energy storage system market analysis for key countries including the US, Chile, China, India, Japan, Australia, Republic of Korea, Germany, the UK, and France.
- The report offers global, regional, and country level battery energy storage system market value (up to 2017, up to 2021, and up to 2026) and volume (up to 2017, up to 2021, and up to 2026). Market share by technology is also discussed in the report for installations up to 2021.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on battery energy storage system market are discussed.
- The report provides competitive landscape at country level for the year 2021. It also covers key policies and initiatives, key deals, and key projects year 2021.
Reasons to Buy
- The report will enhance your decision-making capability in a more rapid and time sensitive manner. It will allow you to:
- Facilitate decision-making by analyzing market data on battery energy storage systems
- Develop strategies based on developments in the battery energy storage system market
- Identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the battery energy storage system market
- Respond to your competitors’ business structure, strategies, and prospects.
Key Players
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The global battery energy storage system market size was $5.28 billion in the year 2021.
Americas, APAC, and EMEA are the key regions in the battery energy storage systems market.
The US, Chile, China, India, Japan, Australia, Republic of Korea, Germany, the UK, and France are the key countries in the battery energy storage systems market.
Lithium-ion battery, lithium iron phosphate battery, sodium-based battery, others, lead-acid battery, flow battery, hybrid, and nickel-based battery are the key technologies in the battery energy storage systems market.
Tesla Inc, LG Chem Ltd, Samsung SDI Co Ltd, Fluence Energy Inc, BYD Co Ltd, NGK Insulators Ltd, GS Yuasa Corp, NEC Energy Solutions Inc, Saft Groupe SA, Narada Power Source Co Ltd, Toshiba Corp, and Wartsila Corp are the key competitors in the battery energy storage systems market.
