TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE
1.1.2 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL
1.1.3 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY
1.1.4 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION
1.1.5 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY IMPLEMENTATION CRITERIA
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 THE GROWING INTEGRATION OF RENEWABLE ENERGY SOURCES
4.2.2 TECHNOLOGICAL ADVANCEMENTS AND GROWING DEMAND FOR LITHIUM-ION BATTERY ENERGY STORAGE SYSTEMS
4.3 RESTRAINTS
4.3.1 HIGH INITIAL COST AND MAINTENANCE
4.4 OPPORTUNITIES
4.4.1 THE RISE OF ELECTRIC VEHICLES (EVS)
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY/VALUE CHAIN ANALYSIS
5.2 PORTER FIVE FORCES
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 BARGAINING POWER OF BUYERS
5.2.4 THREAT OF SUBSTITUTES:
5.2.5 COMPETITIVE RIVALRY
5.3 IMPACT OF CORONAVIRUS OUTBREAK ON THE GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET
5.3.1 OVERVIEW OF SUPPLY AND DEMAND SCENARIO
5.3.2 IMPACT OF COVID-19 ON SUPPLY CHAIN ANALYSIS
6 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE
6.1 INTRODUCTION
6.2 LITHIUM-ION
6.2.1 LITHIUM MANGANESE OXIDE
6.2.2 LITHIUM IRON PHOSPHATE
6.3 SODIUM ION
7 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL
7.1 INTRODUCTION
7.2 MANUFACTURING
7.3 COMMERCIAL BUILDING
7.4 RETAIL & RESIDENTIAL
7.5 RENEWABLE ENERGY
7.6 OTHERS
8 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY
8.1 INTRODUCTION
8.2 LOW SCALE SYSTEMS
8.3 MEDIUM SCALE SYSTEMS
8.4 HIGH SCALE SYSTEMS
9 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 MICROGRID SUPPORT
9.3 ELECTRIC VEHICLE (EV) CHARGING INFRASTRUCTURE
9.4 PEAK SHAVING
9.5 RENEWABLE INTEGRATION
9.6 GENERAL OPTIMIZATION
9.7 OTHERS
10 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY REGION
10.1 OVERVIEW
10.2 NORTH AMERICA
10.2.1 U.S.
10.2.2 CANADA
10.2.2 MEXICO
10.3 EUROPE
10.3.1 GERMANY
10.3.2 U.K.
10.3.3 FRANCE
10.3.4 ITALY
10.3.5 SPAIN
10.3.6 REST OF EUROPE
10.4 ASIA-PACIFIC
10.4.1 CHINA
10.4.2 INDIA
10.4.3 JAPAN
10.4.4 SOUTH KOREA
10.4.5 REST OF APAC
10.5 MEA (MIDDLE EAST AND AFRICA)
10.5.1 GCC
10.5.2 SOUTH AFRICA
10.5.3 ROMEA
10.6 SOUTH AMERICA
10.6.1 BRAZIL
10.6.2 ARGENTINA
10.6.3 ROSA (REST OF SOUTH AMERICA)
11 COMPETITIVE LANDSCAPE
11.1 MARKET SHARE ANALYSIS
11.2 COMPETITIVE BENCHMARKING
12 COMPANY PROFILES
12.1 HITACHI, LTD.
12.1.1 COMPANY OVERVIEW
12.1.2 FINANCIAL OVERVIEW
12.1.3 TYPES AND SERVICES
12.1.4 SWOT ANALYSIS
12.1.5 KEY STRATEGIES
12.2 ABB
12.2.1 COMPANY OVERVIEW
12.2.2 FINANCIAL OVERVIEW
12.2.3 TYPES AND SERVICES
12.2.4 SWOT ANALYSIS
12.2.5 KEY STRATEGIES
12.3 JAKSON
12.3.1 COMPANY OVERVIEW
12.3.2 FINANCIAL OVERVIEW
12.3.3 TYPES AND SERVICES
12.3.4 SWOT ANALYSIS
12.3.5 KEY STRATEGIES
12.4 TOSHIBA CORPORATION
12.4.1 COMPANY OVERVIEW
12.4.2 FINANCIAL OVERVIEW
12.4.3 TYPES AND SERVICES
12.4.4 SWOT ANALYSIS
12.4.5 KEY STRATEGIES
12.5 GENERAL ELECTRIC
12.5.1 COMPANY OVERVIEW
12.5.2 FINANCIAL OVERVIEW
12.5.3 TYPES AND SERVICES
12.5.4 SWOT ANALYSIS
12.5.5 KEY STRATEGIES
12.6 SCHNEIDER ELECTRIC
12.6.1 COMPANY OVERVIEW
12.6.2 FINANCIAL OVERVIEW
12.6.3 TYPES AND SERVICES
12.6.4 SWOT ANALYSIS
12.6.5 KEY STRATEGIES
12.7 SIEMENS
12.7.1 COMPANY OVERVIEW
12.7.2 FINANCIAL OVERVIEW
12.7.3 TYPES AND SERVICES
12.7.4 SWOT ANALYSIS
12.7.5 KEY STRATEGIES
12.8 PANASONIC HOLDINGS CORPORATION
12.8.1 COMPANY OVERVIEW
12.8.2 FINANCIAL OVERVIEW
12.8.3 TYPES AND SERVICES
12.8.4 SWOT ANALYSIS
12.8.5 KEY STRATEGIES
12.9 HONEYWELL INTERNATIONAL INC.
12.9.1 COMPANY OVERVIEW
12.9.2 FINANCIAL OVERVIEW
12.9.3 TYPES AND SERVICES
12.9.4 SWOT ANALYSIS
12.9.5 KEY STRATEGIES
12.10 BYD COMPANY LIMITED
12.10.1 COMPANY OVERVIEW
12.10.2 FINANCIAL OVERVIEW
12.10.3 TYPES AND SERVICES
12.10.4 SWOT ANALYSIS
12.10.5 KEY STRATEGIES
LIST OF TABLES
TABLE 1 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE, 2018–2032 (USD MILLION)
TABLE 2 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL, 2018–2032 (USD MILLION)
TABLE 3 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY, 2018–2032 (USD MILLION)
TABLE 4 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2018–2032 (USD MILLION)
TABLE 5 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY REGION, 2018–2032 (USD MILLION)
TABLE 6 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2018–2032 (USD MILLION)
TABLE 7 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE, 2018–2032 (USD MILLION)
TABLE 8 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL, 2018–2032 (USD MILLION)
TABLE 9 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY, 2018–2032 (USD MILLION)
TABLE 10 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2018–2032 (USD MILLION)
TABLE 11 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2018–2032 (USD MILLION)
TABLE 12 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE, 2018–2032 (USD MILLION)
TABLE 13 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL, 2018–2032 (USD MILLION)
TABLE 14 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY, 2018–2032 (USD MILLION)
TABLE 15 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2018–2032 (USD MILLION)
TABLE 16 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2018–2032 (USD MILLION)
TABLE 17 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE, 2018–2032 (USD MILLION)
TABLE 18 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL, 2018–2032 (USD MILLION)
TABLE 19 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY, 2018–2032 (USD MILLION)
TABLE 20 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2018–2032 (USD MILLION)
TABLE 21 MEA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2018–2032 (USD MILLION)
TABLE 22 MEA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE, 2018–2032 (USD MILLION)
TABLE 23 MEA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL, 2018–2032 (USD MILLION)
TABLE 24 MEA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY, 2018–2032 (USD MILLION)
TABLE 25 MEA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2018–2032 (USD MILLION)
TABLE 26 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2018–2032 (USD MILLION)
TABLE 27 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE, 2018–2032 (USD MILLION)
TABLE 28 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL, 2018–2032 (USD MILLION)
TABLE 29 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY, 2018–2032 (USD MILLION)
TABLE 30 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2018–2032 (USD MILLION)
LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL BATTERY ENERGY STORAGE SYSTEMS
FIGURE 3 GLOBAL BATTERY ENERGY STORAGE SYSTEMS ANALYSIS BY BATTERY TYPE, % SHARE, 2023, MARKET SIZE, 2018–2032
FIGURE 4 GLOBAL BATTERY ENERGY STORAGE SYSTEMS ANALYSIS BY INDUSTRY VERTICAL, % SHARE, 2023, MARKET SIZE, 2018–2032
FIGURE 5 GLOBAL BATTERY ENERGY STORAGE SYSTEMS ANALYSIS BY BATTERY CAPACITY, % SHARE, 2023, MARKET SIZE, 2018–2032
FIGURE 6 GLOBAL BATTERY ENERGY STORAGE SYSTEMS ANALYSIS BY APPLICATION, % SHARE, 2023, MARKET SIZE, 2018–2032
FIGURE 7 GLOBAL BATTERY ENERGY STORAGE SYSTEMS ANALYSIS BY REGION, 2023
FIGURE 8 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET: MARKET STRUCTURE
FIGURE 9 KEY BUYING CRITERIA OF BATTERY ENERGY STORAGE SYSTEMS REPORT
FIGURE 10 BOTTOM-UP AND TOP-DOWN APPROACHES
FIGURE 11 MARKET DYNAMIC ANALYSIS OF THE GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET
FIGURE 12 SUPPLY / VALUE CHAIN: GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET
FIGURE 13 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE, 2023 (% SHARE), 2024 VS 2032 (USD MILLION)
FIGURE 14 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL, 2023 (% SHARE), 2024 VS 2032 (USD MILLION)
FIGURE 15 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY, 2023 (% SHARE), 2024 VS 2032 (USD MILLION)
FIGURE 16 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION, 2023 (% SHARE), 2024 VS 2032 (USD MILLION)
FIGURE 17 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY REGION, 2023 (% SHARE) 2021 VS 2030 (USD MILLION)
FIGURE 18 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2023 (REVENUE % SHARE)
FIGURE 19 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2023 (REVENUE % SHARE)
FIGURE 20 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2023 (REVENUE % SHARE)
FIGURE 21 MEA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2023 (REVENUE % SHARE)
FIGURE 22 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET, BY COUNTRY, 2023 (REVENUE % SHARE)
FIGURE 23 MARKET SHARE ANALYSIS (2023, %) *
FIGURE 24 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET: COMPETITIVE BENCHMARKING
