배터리 에너지 저장 시스템 시장 : 2027년까지의 세계 예측

출판 : MarketsandMarkets(마켓츠앤드마켓츠)출판년월 : 2022년02월

스토리지 시스템, 요소, 배터리 유형(리튬 이온, 플로우 배터리), 연결 유형(온그리드, 오프 그리드), 소유권, 에너지 용량, 용도, 지역별 – 2027년까지의 세계 예측

Battery Energy Storage System Market with COVID-19 Impact by Storage System, Element, Battery Type (Lithium-Ion, Flow Batteries), Connection Type (On-Grid and Off-Grid), Ownership, Energy Capacity, Application and Geography – Global Forecast to 2027

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리포트목차    주문/문의    납기/라이센스안내

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The global battery energy storage system market size is expected to grow from USD 4.4 billion in 2022 to USD 15.1 billion by 2027, at a CAGR of 27.9%. The growth of this market is mainly driven by the increasing demand for grid energy storage systems owing to ongoing grid modernization, growing penetration of lithium-ion batteries in renewable energy sector, and rising trend of adopting low-carbon and less fossil fuel-based economy and ongoing renewable energy revolution.
전 세계 배터리 에너지 저장 시스템 시장 규모는 2022년 44억 달러에서 2027년 151억 달러로 CAGR 27.9%로 성장할 것으로 예상됩니다. 이 시장의 성장은 주로 지속적인 그리드 현대화, 재생 에너지 부문에서 리튬 이온 배터리의 보급 증가, 저탄소 및 저화석 연료 기반 경제 채택 추세 증가로 인한 그리드 에너지 저장 시스템에 대한 수요 증가에 의해 주도됩니다. 그리고 지속적인 재생 에너지 혁명.

보고서 주요 목차

  • 연구 방법론
  • 요약
  • 프리미엄 인사이트
  • 시장 개관
  • 저장 시스템별 배터리 에너지 저장 시스템 시장
  • 요소별 배터리 에너지 저장 시스템 시장
  • 배터리 유형별 배터리 에너지 저장 시스템 시장
  • 연결 유형별 배터리 에너지 저장 시스템 시장
  • 소유권에 따른 배터리 에너지 저장 시스템 시장
  • 에너지 용량별 배터리 에너지 저장 시스템 시장
  • 지리학적 분석
  • 경쟁 구도
  • 회사 프로필
  • 인접 및 관련 시장
  • 부록

However, high capital expenditure required for installing battery energy storage systems is restraining the market growth.
“Lithium-ion batteries to dominate the battery energy storage system market in 2021”
The market for the lithium-ion batteries held the largest share in 2021 and is estimated to remain the same during the forecast period. The growth of this segment is attributed to the advantages of the battery such as high energy and power density, which leads to low standby losses and a high life expectancy of about 5–15 years with 98% efficiency. Also, lithium-ion-sulfur battery energy storage systems support frequency regulation, demand charge reduction, grid-buffering, and renewable integration, which are suitable for on-grid connections.
“On-grid connection type to hold the largest share of battery energy storage system market in 2021”
The on-grid segment holds the largest share of the battery energy storage system market in 2021 and is expected to hold significant CAGR during the forecast period. The on-grid connections exhibit lower upfront costs than the off-grid system, as the surplus energy is sent to the grid, which can be used later on a metered basis. The reduction in the energy bills for the customers relying on the utility grid for electricity is expected to drive the growth of the segment. The demand for grid modernization from renewable energy suppliers and new regulatory policies for the energy sector are also driving the growth of the on-grid battery energy storage system market for utilities.
“Utility application dominated the battery energy storage system market in 2021.”
The market for utilities application is dominant in 2021. The need to fulfill the requirement of peak electricity demands is the major factor contributing to the growth of the market for utility. The utility BESS provides power quality, frequency, and voltage control services in case of sudden fluctuation in the energy supply. The battery energy storage systems enable grid operators to save electricity when there is a surplus of renewable energy. The increasing demand for a reliable and efficient supply of electricity in most regions and the growing need for renewable energy are responsible for the high demand for battery energy storage systems in the utility sector.
“Market in APAC to grow at highest CAGR during the forecast period”
The market in APAC is expected to grow at the highest CAGR from 2022 to 2027. The region hold the largest share of battery energy storage system market in 2021. APAC is a hub for the battery energy storage system industry. APAC is expected to witness plans for electrification in remote areas, which are mostly off-grid in several countries. The use of residential energy storage technology will enable to increase access to electricity for these remote and island communities in the region. Energy storage investments are expected to increase substantially within the APAC region as the governments in growing economies are making new policies to improve the reliability and quality of the power distribution facilities to the residential customers. The governments of various countries in this region are focusing on minimizing the adverse effects of the energy sector on the environment. These factors lead to the growth in the deployment of battery energy storage systems in residential and public utility applications.
Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 – 52%, Tier 2 – 31%, and Tier 3 – 17%
• By Designation: C-level Executives – 47%, Directors – 31%, and others – 22%
• By Region: North America – 34%, Europe – 19%, APAC – 42%, and RoW – 5%
Major players profiled in this report are as follows: BYD Company Limited (China), SAMSUNG SDI Co., Ltd. (South Korea), LG Energy Solutions Co., Ltd. (South Korea), and Panasonic Corporation (Japan), and others.

Research Coverage
In this report, the battery energy storage system market has been segmented based on storage system, element, battery type, connection type, ownership, energy capacity, application, and region. The battery energy storage system market based on storage system has been segmented into front-of-the-meter and behind-the-meter. Based on the element, the market has been segmented into battery and others. Based on battery types, the market has been segmented into lithium-ion batteries, lead-acid batteries, flow batteries, and others. Based on connection type, the market has been segmented into on-grid and off-grid. Based on the ownership, the market has been segmented into customer-owned, third-party owned, and utility-owned. Based on energy capacity, the market has been segmented into below 100 MWh, between 100 and 500 MWh, and above 500 MWh. Based on the application, the market has been segment into residential, commercial, and utility. The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.
Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
This report segments of the battery energy storage system market comprehensively and provides the closest approximation of the overall market size and subsegments that include storage system, element, battery type, connection type, ownership, energy capacity, application, and region.
The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the battery energy storage system market.
This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches, partnership, contracts, and agreement carried out by major market players.


목차

TABLE OF CONTENTS

1 INTRODUCTION (Page No. – 37)
    1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 BATTERY ENERGY STORAGE SYSTEM MARKET: SEGMENTATION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. – 43)
2.1 RESEARCH DATA
FIGURE 2 BATTERY ENERGY STORAGE SYSTEM MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY-SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES OF BATTERY ENERGY STORAGE MARKET SIZE
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size by bottom-up analysis (demand side)
FIGURE 4 BATTERY ENERGY STORAGE SYSTEM MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size by using top-down analysis (supply side)
FIGURE 5 BATTERY ENERGY STORAGE SYSTEM MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENT
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. – 54)
    FIGURE 7 COVID-19 IMPACT ANALYSIS ON BATTERY ENERGY STORAGE SYSTEM MARKET
3.1 REALISTIC SCENARIO
3.2 PESSIMISTIC SCENARIO
3.3 OPTIMISTIC SCENARIO
TABLE 2 BATTERY ENERGY STORAGE SYSTEM MARKET, IN TERMS OF VALUE, 2018–2021
TABLE 3 BATTERY ENERGY STORAGE SYSTEM MARKET, IN TERMS OF VALUE, 2022–2027
FIGURE 8 LITHIUM-ION BATTERIES TO HOLD LARGEST SIZE OF BATTERY ENERGY STORAGE SYSTEM MARKET FROM 2022 TO 2027
FIGURE 9 UTILITY APPLICATION TO HOLD LARGEST MARKET SHARE FROM 2022 TO 2027
FIGURE 10 BATTERY ENERGY STORAGE SYSTEM MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. – 60)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR BATTERY ENERGY STORAGE SYSTEM MARKET
FIGURE 11 INCREASING NUMBER OF PROJECTS, WHICH REQUIRE BATTERY ENERGY STORAGE SYSTEMS IS LIKELY TO CREATE LUCRATIVE OPPORTUNITIES FOR BATTERY ENERGY STORAGE SYSTEM MARKET IN APAC
4.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
FIGURE 12 BATTERY ENERGY STORAGE SYSTEM MARKET FOR LITHIUM-ION BATTERIES TO HOLD LARGEST SIZE IN 2027
4.3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY
FIGURE 13 ABOVE 500 MWH ENERGY CAPACITY SEGMENT TO DOMINATE BATTERY ENERGY STORAGE SYSTEM MARKET DURING FORECAST PERIOD
4.4 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
FIGURE 14 UTILITY APPLICATION OF BATTERY ENERGY STORAGE SYSTEM MARKET TO WITNESS HIGHEST RATE DURING FORECAST PERIOD
4.5 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION
FIGURE 15 APAC TO HOLD LARGEST SIZE OF BATTERY ENERGY STORAGE SYSTEM MARKET IN 2027

5 MARKET OVERVIEW (Page No. – 63)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 GLOBAL BATTERY ENERGY STORAGE SYSTEM MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing demand for grid energy storage systems owing to ongoing grid modernization
5.2.1.2 Growing penetration of lithium-ion batteries in renewable energy sector
5.2.1.3 Rising trend of adopting low-carbon and less fossil fuel-based economy and ongoing renewable energy revolution
FIGURE 17 DRIVERS FOR BATTERY ENERGY STORAGE SYSTEM MARKET AND THEIR IMPACT
5.2.2 RESTRAINTS
5.2.2.1 High capital expenditure required for installing battery energy storage systems
FIGURE 18 RESTRAINTS FOR BATTERY ENERGY STORAGE SYSTEM MARKET AND THEIR IMPACT
5.2.3 OPPORTUNITIES
5.2.3.1 Surge in number of rural electrification projects worldwide
5.2.3.2 Increase in need for continuous power supply attributed to rising number of datacenters
5.2.3.3 Decline in prices of lithium-ion batteries
FIGURE 19 OPPORTUNITIES FOR BATTERY ENERGY STORAGE SYSTEM MARKET AND  THEIR IMPACT
5.2.4 CHALLENGES
5.2.4.1 Complexities in installing battery energy storage systems at islands or in remote areas
5.2.4.2 Overheating of lithium-ion batteries
5.2.4.3 Aging of lithium-ion batteries
FIGURE 20 CHALLENGES FOR BATTERY ENERGY STORAGE SYSTEM MARKET AND  THEIR IMPACT
5.3 VALUE CHAIN ANALYSIS
FIGURE 21 BATTERY ENERGY STORAGE SYSTEM: VALUE CHAIN
5.4 ECOSYSTEM
FIGURE 22 GLOBAL BATTERY ENERGY STORAGE SYSTEM MARKET: ECOSYSTEM
TABLE 4 BATTERY ENERGY STORAGE SYSTEM MARKET: ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
FIGURE 23 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 IMPACT OF PORTER’S 5 FORCES ON BATTERY ENERGY STORAGE SYSTEM MARKET
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 CASE STUDY ANALYSIS
5.7.1 GENERAL ELECTRIC TO DELIVER BATTERY ENERGY STORAGE SYSTEMS TO CONVERGENT IN CALIFORNIA
5.7.2 ADOPTION OF BATTERY ENERGY STORAGE SYSTEMS BY UTILITY PROVIDER COMPANY
5.7.3 DEPLOYMENT OF MICROGRID BATTERY ENERGY STORAGE SYSTEMS FOR RURAL ELECTRIFICATION IN NIGERIA
5.7.4 DEPLOYMENT OF OFF-GRID BATTERY ENERGY STORAGE SYSTEMS FOR RENEWABLE ENERGY PROJECT
5.7.5 ABB TO INSTALL BATTERY ENERGY STORAGE SYSTEMS IN PHILIPPINES
5.8 TECHNOLOGY ANALYSIS
TABLE 6 COMPARISON OF ENERGY STORAGE TECHNOLOGIES
TABLE 7 CHARACTERISTICS OF BATTERY TECHNOLOGIES IN BATTERY ENERGY STORAGE SYSTEMS
5.8.1 SODIUM-SULFUR BATTERY
5.8.2 COBALT-FREE BATTERY
5.8.3 METAL-AIR BATTERY
5.8.4 LIQUID METAL BATTERY
5.8.5 POTASSIUM METAL BATTERY
5.8.6 ZINC MANGANESE BATTERY
5.8.7 LITHIUM-SULFUR BATTERY
5.8.8 LITHIUM METAL BATTERY
5.9 PRICING ANALYSIS
FIGURE 24 REDUCING GLOBAL COSTS OF LITHIUM-ION BATTERY PACKS  FROM 2011 TO 2021
FIGURE 25 BATTERY ENERGY STORAGE SYSTEM: COST BREAKDOWN
5.9.1 AVERAGE SELLING PRICES OF KEY PLAYERS, BY BATTERY TYPE
FIGURE 26 AVERAGE SELLING PRICES OF KEY PLAYERS, BY BATTERY TYPE
TABLE 8 AVERAGE SELLING PRICES OF KEY PLAYERS, BY BATTERY TYPE (USD)
5.10 TRADE ANALYSIS
FIGURE 27 IMPORT DATA FOR HS CODE 8507, BY KEY COUNTRY, 2016–2020 (USD MILLION)
FIGURE 28 EXPORT DATA FOR HS CODE 8507, BY KEY COUNTRY, 2016–2020 (USD MILLION)
5.11 PATENT ANALYSIS
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN  LAST 10 YEARS
FIGURE 30 PATENT ANALYSIS RELATED TO BATTERY ENERGY STORAGE SYSTEM MARKET
5.11.1 LIST OF MAJOR PATENTS
5.12 REGULATIONS AND STANDARDS
TABLE 9 REGULATIONS AND STANDARDS FOR BATTERY ENERGY STORAGE SYSTEMS
5.13 KEY CONFERENCES & EVENTS IN 2022–2023
TABLE 10 BATTERY ENERGY STORAGE SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.14 TARIFF AND REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

6 BATTERY ENERGY STORAGE SYSTEM MARKET, BY STORAGE SYSTEM (Page No. – 97)
6.1 INTRODUCTION
FIGURE 31 BATTERY ENERGY STORAGE SYSTEM MARKET, BY STORAGE SYSTEM
6.2 FRONT-OF-THE-METER
6.2.1 FRONT-OF-THE-METER STORAGE SYSTEMS ARE WIDELY USED BY UTILITIES
6.3 BEHIND-THE-METER
6.3.1 BEHIND-THE-METER (BTM) STORAGE SYSTEMS HELP IN SAVING ELECTRICITY BILLS FOR CUSTOMERS

7 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT (Page No. – 99)
    7.1 INTRODUCTION
FIGURE 32 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT
FIGURE 33 BATTERY ELEMENT SEGMENT TO HOLD LARGER SHARE OF BATTERY ENERGY STORAGE SYSTEM MARKET DURING FORECAST PERIOD
TABLE 15 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2018–2021 (USD MILLION)
TABLE 16 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2022–2027 (USD MILLION)
7.2 BATTERY
7.2.1 BATTERY SELECTION IS CRUCIAL STEP FOR DEVELOPMENT OF BATTERY ENERGY STORAGE SYSTEMS
FIGURE 34 CRITERIA FOR BATTERY SELECTION
7.3 OTHER ELEMENTS
7.3.1 HARDWARE
7.3.1.1 Power conversion systems and battery management systems are essential components for high performance of battery energy storage systems
FIGURE 35 LAYOUT OF BATTERY ENERGY STORAGE SYSTEM
7.3.2 OTHERS
7.3.2.1 Before commissioning of BESS, EPC and development services are essential

8 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE (Page No. – 105)
8.1 INTRODUCTION
FIGURE 36 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE
TABLE 17 COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES
FIGURE 37 LITHIUM-ION BATTERIES TO HOLD LARGEST SIZE OF BATTERY ENERGY STORAGE SYSTEM MARKET IN 2022
TABLE 18 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 19 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
8.2 LITHIUM-ION BATTERIES
8.2.1 LI-ION BATTERIES ARE WIDELY USED IN BATTERY ENERGY STORAGE SYSTEMS DUE TO THEIR HIGH ENERGY DENSITY
TABLE 20 LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE,  2018–2021 (USD MILLION)
TABLE 21 LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE,  2022–2027 (USD MILLION)
TABLE 22 LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY,  2018–2021 (USD MILLION)
TABLE 23 LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY,  2022–2027 (USD MILLION)
TABLE 24 LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
TABLE 25 LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
TABLE 26 LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,  2018–2021 (USD MILLION)
TABLE 27 LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,  2022–2027 (USD MILLION)
8.3 LEAD-ACID BATTERIES
8.3.1 INCREASING ADOPTION OF LEAD-ACID BATTERIES IN GRID ENERGY STORAGE
TABLE 28 LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE,  2018–2021 (USD MILLION)
TABLE 29 LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE,  2022–2027 (USD MILLION)
TABLE 30 LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY,  2018–2021 (USD MILLION)
TABLE 31 LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY,  2022–2027 (USD MILLION)
TABLE 32 LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
TABLE 33 LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
TABLE 34 LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,  2018–2021 (USD MILLION)
TABLE 35 LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,  2022–2027 (USD MILLION)
8.4 FLOW BATTERIES
8.4.1 VARIOUS ADVANTAGES OF FLOW BATTERIES OVER OTHER BATTERIES TO BOOST THEIR DEMAND
TABLE 36 FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE,  2018–2021 (USD MILLION)
TABLE 37 FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE,  2022–2027 (USD MILLION)
TABLE 38 FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY,  2018–2021 (USD MILLION)
TABLE 39 FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY,  2022–2027 (USD MILLION)
TABLE 40 FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
TABLE 41 FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
TABLE 42 FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 43 FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
8.5 OTHERS
8.5.1 SODIUM–SULFUR BATTERIES
FIGURE 38 COMPARISON OF SODIUM–SULFUR BATTERIES WITH OTHER BATTERIES
8.5.2 NICKEL–CADMIUM BATTERY
8.5.3 NICKEL-METAL HYDRIDE BATTERY
8.5.4 NICKEL–IRON BATTERY
8.5.5 FLYWHEEL BATTERY
TABLE 44 OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE,  2018–2021 (USD MILLION)
TABLE 45 OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE,  2022–2027 (USD MILLION)
TABLE 46 OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY,  2018–2021 (USD MILLION)
TABLE 47 OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY,  2022–2027 (USD MILLION)
TABLE 48 OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
TABLE 49 OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
TABLE 50 OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 51 OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)

9 BATTERY ENERGY STORAGE SYSTEM MARKET,  BY CONNECTION TYPE (Page No. – 125)
9.1 INTRODUCTION
FIGURE 39 IMPORTANCE OF BATTERY ENERGY STORAGE SYSTEMS IN GRID CONNECTION
FIGURE 40 APPLICATIONS OF BATTERY ENERGY STORAGE SYSTEMS ON GRID
FIGURE 41 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 52 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 53 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
9.2 ON-GRID CONNECTION
9.2.1 INCREASING ELECTRICITY DEMAND WORLDWIDE TO PROPEL DEMAND FOR ON-GRID STORAGE SYSTEMS
FIGURE 42 ON-GRID CONNECTION
TABLE 54 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE,  BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 55 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE,  BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
TABLE 56 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE,  BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 57 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE,  BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 58 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE,  BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 59 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION TYPE,  BY APPLICATION, 2022–2027 (USD MILLION)
9.3 OFF-GRID CONNECTION
9.3.1 OFF-GRID CONNECTIONS TO BE EFFECTIVE ALTERNATIVES TO SUPPLY ENERGY AT REMOTE AREAS
FIGURE 43 BASIC OFF-GRID SYSTEMS
TABLE 60 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE,  BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 61 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE,  BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
TABLE 62 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE,  BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 63 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE,  BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 64 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE,  BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 65 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION TYPE,  BY APPLICATION, 2022–2027 (USD MILLION)

10 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP (Page No. – 135)
     10.1 INTRODUCTION
FIGURE 44 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP
FIGURE 45 UTILITY-OWNED BATTERY ENERGY STORAGE SYSTEMS SEGMENT TO HOLD LARGEST MARKET SIZE BY 2027
TABLE 66 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2018–2021 (USD MILLION)
TABLE 67 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP, 2022–2027 (USD MILLION)
10.2 CUSTOMER-OWNED
10.2.1 INCREASING ADOPTION OF ENERGY STORAGE SYSTEMS FROM RESIDENTIAL OWNERS TO REDUCE COMMUNICATION LOADS FROM GRIDS
FIGURE 46 LAYOUT OF BATTERY ENERGY STORAGE SYSTEM INSTALLATION IN  RESIDENTIAL AREA
TABLE 68 BATTERY ENERGY STORAGE SYSTEM MARKET FOR CUSTOMER-OWNED SEGMENT,  BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 69 BATTERY ENERGY STORAGE SYSTEM MARKET FOR CUSTOMER-OWNED SEGMENT,  BY APPLICATION, 2022–2027 (USD MILLION)
10.3 THIRD-PARTY-OWNED
10.3.1 THIRD-PARTY OWNERSHIP OF BATTERY ENERGY STORAGE SYSTEMS BENEFITS UTILITY APPLICATION
TABLE 70 BATTERY ENERGY STORAGE SYSTEM MARKET FOR THIRD-PARTY-OWNED SEGMENT,  BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 71 BATTERY ENERGY STORAGE SYSTEM MARKET FOR THIRD-PARTY-OWNED, BY APPLICATION, 2022–2027 (USD MILLION)
10.4 UTILITY-OWNED
10.4.1 GLOBAL INITIATIVES FOR RENEWABLE ENERGY GENERATION TO BOOST DEMAND FOR UTILITY-OWNED ENERGY STORAGE SYSTEMS
TABLE 72 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY-OWNED SEGMENT,  BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 73 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY-OWNED SEGMENT,  BY APPLICATION, 2022–2027 (USD MILLION)

11 BATTERY ENERGY STORAGE SYSTEM MARKET,  BY ENERGY CAPACITY (Page No. – 143)
11.1 INTRODUCTION
FIGURE 47 ENERGY CAPACITY RANGES OF BATTERY ENERGY STORAGE SYSTEMS
FIGURE 48 BATTERY ENERGY STORAGE SYSTEMS FOR ABOVE 500 MWH ENERGY CAPACITY TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
TABLE 74 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 75 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
11.2 BELOW 100 MWH
11.2.1 GROWING DEMAND FOR BATTERY ENERGY STORAGE SYSTEMS WITH LOW ENERGY CAPACITY IN RESIDENTIAL APPLICATIONS
TABLE 76 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 77 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 78 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 79 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 80 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 81 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BELOW 100 MWH ENERGY CAPACITY, BY APPLICATION, 2022–2027 (USD MILLION)
11.3 BETWEEN 100 AND 500 MWH
11.3.1 TO MANAGE HIGH VARIABILITY AND UNCERTAINTY IN POWER SYSTEMS, BATTERIES OF ENERGY CAPACITY BETWEEN 100 AND 500 MWH HAVE INCREASED NEED FOR FREQUENCY CONTROL SERVICES
TABLE 82 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 83 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 84 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 85 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 86 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 87 BATTERY ENERGY STORAGE SYSTEM MARKET FOR BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY, BY APPLICATION, 2022–2027 (USD MILLION)
11.4 ABOVE 500 MWH
11.4.1 LARGE-SCALE BATTERY STORAGE SYSTEMS HELP CONTINUITY OF POWER DISTRIBUTION IN LARGE GRIDS
TABLE 88 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 89 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 90 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 91 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 92 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 93 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ABOVE 500 MWH ENERGY CAPACITY, BY APPLICATION, 2022–2027 (USD MILLION)
12 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION (Page No. – 153)
12.1 INTRODUCTION
FIGURE 49 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
FIGURE 50 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 94 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 95 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
12.2 IMPACT OF COVID-19 ON APPLICATION SEGMENTS OF BATTERY ENERGY STORAGE SYSTEM MARKET
12.3 RESIDENTIAL
12.3.1 GOVERNMENT INITIATIVES TO BOOST NUMBER OF RESIDENTIAL ENERGY STORAGE PROJECTS
FIGURE 51 TESLA POWERWALL INSTALLED FOR RESIDENTIAL APPLICATIONS
TABLE 96 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 97 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 98 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 99 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 100 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 101 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
TABLE 102 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY OWNERSHIP, 2018–2021 (USD MILLION)
TABLE 103 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY OWNERSHIP, 2022–2027 (USD MILLION)
TABLE 104 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY REGION, 2018–2021 (USD MILLION)
TABLE 105 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,  BY REGION, 2022–2027 (USD MILLION)
12.4 COMMERCIAL
12.4.1 INCREASED USAGE OF UPS IN COMMERCIAL APPLICATIONS IS DRIVING DEMAND FOR BATTERY ENERGY STORAGE SYSTEMS
TABLE 106 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 107 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 108 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 109 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 110 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 111 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
TABLE 112 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY OWNERSHIP, 2018–2021 (USD MILLION)
TABLE 113 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY OWNERSHIP, 2022–2027 (USD MILLION)
TABLE 114 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY REGION, 2018–2021 (USD MILLION)
TABLE 115 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION,  BY REGION, 2022–2027 (USD MILLION)
12.5 UTILITY
12.5.1 UTILITY APPLICATION TO DOMINATE BATTERY ENERGY STORAGE SYSTEM MARKET DURING FORECAST PERIOD
TABLE 116 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 117 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 118 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 119 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 120 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 121 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
TABLE 122 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY OWNERSHIP, 2018–2021 (USD MILLION)
TABLE 123 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY OWNERSHIP, 2022–2027 (USD MILLION)
TABLE 124 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 125 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION, BY REGION, 2022–2027 (USD MILLION)

13 GEOGRAPHIC ANALYSIS (Page No. – 170)
13.1 INTRODUCTION
FIGURE 52 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION
FIGURE 53 GEOGRAPHIC SNAPSHOT: BATTERY ENERGY STORAGE SYSTEM MARKET
TABLE 126 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 127 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
13.2 NORTH AMERICA
13.2.1 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET
FIGURE 54 MARKET IN NORTH AMERICA: SNAPSHOT
FIGURE 55 MEXICO TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
13.2.2 US
13.2.2.1 Increasing adoption of large-scale battery storage systems in power grids to drive market growth
13.2.3 CANADA
13.2.3.1 Growing focus on advancements in battery energy storage technology to meet peak demand for electricity in urban centers
13.2.4 MEXICO
13.2.4.1 Rising demand for electricity to propel market growth
TABLE 128 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY,  2018–2021 (USD MILLION)
TABLE 129 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY,  2022–2027 (USD MILLION)
TABLE 130 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE,  2018–2021 (USD MILLION)
TABLE 131 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE,  2022–2027 (USD MILLION)
TABLE 132 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
TABLE 133 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
13.3 EUROPE
13.3.1 IMPACT OF COVID-19 ON EUROPE
FIGURE 56 EUROPE MARKET: SNAPSHOT
FIGURE 57 GERMANY TO DOMINATE BATTERY ENERGY STORAGE SYSTEM MARKET, IN TERMS OF SIZE, DURING FORECAST PERIOD
13.3.2 GERMANY
13.3.2.1 Growing expansion of residential storage sector to boost market growth
13.3.3 UK
13.3.3.1 Increasing investments and support by UK government in battery storage to boost market growth
13.3.4 IRELAND
13.3.4.1 Rising adoption of renewable energy and enhanced need for grid modernization to accommodate reliable energy storage systems are driving market growth in Ireland
13.3.5 FRANCE
13.3.5.1 Surging penetration of renewable energy is boosting market growth in France
13.3.6 REST OF EUROPE
TABLE 134 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 135 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 136 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE,  2018–2021 (USD MILLION)
TABLE 137 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE,  2022–2027 (USD MILLION)
TABLE 138 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
TABLE 139 EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
13.4 APAC
13.4.1 IMPACT OF COVID-19 ON MARKET IN APAC
FIGURE 58 APAC MARKET: SNAPSHOT
FIGURE 59 BATTERY ENERGY STORAGE SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
13.4.2 CHINA
13.4.2.1 Increasing focus on setting up large flow vanadium battery energy storage projects
13.4.3 JAPAN
13.4.3.1 Growing installations of solar and wind farms combined with battery energy storage to meet requirements of local grid operators and utilities
13.4.4 INDIA
13.4.4.1 Government investments and upcoming battery energy storage projects to revolutionize India’s power systems
13.4.5 AUSTRALIA
13.4.5.1 Government schemes and deployment of large-scale battery energy storage projects
13.4.6 SOUTH KOREA
13.4.6.1 South Korea to hold largest size of battery energy storage system market in 2027
13.4.7 REST OF APAC
TABLE 140 APAC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 141 APAC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 142 APAC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 143 APAC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 144 APAC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 145 APAC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
13.5 REST OF THE WORLD (ROW)
13.5.1 IMPACT OF COVID-19 ON MARKET IN ROW
FIGURE 60 SOUTH AMERICA TO DOMINATE BATTERY ENERGY STORAGE SYSTEM MARKET DURING FORECAST PERIOD
13.5.2 SOUTH AMERICA
13.5.2.1 Increasing government investments in diversifying power generation mix
13.5.3 MIDDLE EAST & AFRICA
13.5.3.1 Growing development and deployment of battery energy storage systems
TABLE 146 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 147 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 148 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE,  2018–2021 (USD MILLION)
TABLE 149 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE,  2022–2027 (USD MILLION)
TABLE 150 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
TABLE 151 ROW: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,  2022–2027 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. – 201)
14.1 INTRODUCTION
TABLE 152 KEY DEVELOPMENTS IN BATTERY ENERGY STORAGE SYSTEM MARKET  (2020–2022)
14.1.1 REVENUE ANALYSIS OF TOP COMPANIES
FIGURE 61 BATTERY ENERGY STORAGE SYSTEM MARKET: REVENUE ANALYSIS (2020)
14.2 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021
TABLE 153 BATTERY ENERGY STORAGE SYSTEM MARKET: DEGREE OF COMPETITION
14.3 COMPANY EVALUATION QUADRANT, 2021
14.3.1 STAR
14.3.2 EMERGING LEADER
14.3.3 PERVASIVE
14.3.4 PARTICIPANT
FIGURE 62 BATTERY ENERGY STORAGE SYSTEM MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
14.4 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2021
14.4.1 PROGRESSIVE COMPANY
14.4.2 RESPONSIVE COMPANY
14.4.3 DYNAMIC COMPANY
14.4.4 STARTING BLOCK
FIGURE 63 BATTERY ENERGY STORAGE SYSTEM MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021
14.4.5 BATTERY ENERGY STORAGE SYSTEM MARKET: STARTUP MATRIX
TABLE 154 BATTERY ENERGY STORAGE SYSTEM MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 155 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPETITIVE BENCHMARKING OF  KEY STARTUPS/SMES
14.4.6 BATTERY ENERGY STORAGE SYSTEM MARKET: COMPANY FOOTPRINT
TABLE 156 COMPANY FOOTPRINT: BY APPLICATION
TABLE 157 COMPANY FOOTPRINT: BY REGION
TABLE 158 COMPANY FOOTPRINT
14.5 COMPETITIVE SCENARIO AND TRENDS
14.5.1 PRODUCT LAUNCHES
TABLE 159 BATTERY ENERGY STORAGE SYSTEM MARKET: PRODUCT LAUNCHES, FEBRUARY 2020–JANUARY 2022
14.5.2 DEALS
TABLE 160 BATTERY ENERGY STORAGE SYSTEM MARKET: DEALS, FEBRUARY 2020– DECEMBER 2021

15 COMPANY PROFILES (Page No. – 218)
15.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
15.1.1 ABB
TABLE 161 ABB: BUSINESS OVERVIEW
FIGURE 64 ABB: COMPANY SNAPSHOT
TABLE 162 ABB: PRODUCT OFFERING
15.1.2 AEG POWER SOLUTIONS
TABLE 163 AEG POWER SOLUTIONS: BUSINESS OVERVIEW
TABLE 164 AEG POWER SOLUTIONS: PRODUCT OFFERING
TABLE 165 AEG POWER SOLUTIONS: DEALS
15.1.3 BYD COMPANY LIMITED
TABLE 166 BYD COMPANY LIMITED: BUSINESS OVERVIEW
FIGURE 65 BYD COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 167 BYD COMPANY LIMITED: PRODUCT OFFERINGS
15.1.4 DELTA ELECTRONICS INC.
TABLE 168 DELTA ELECTRONICS INC.: BUSINESS OVERVIEW
FIGURE 66 DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT
TABLE 169 DELTA ELECTRONICS INC.: PRODUCT OFFERING
15.1.5 GENERAL ELECTRIC
TABLE 170 GENERAL ELECTRIC: BUSINESS OVERVIEW
FIGURE 67 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 171 GENERAL ELECTRIC: PRODUCT OFFERING
TABLE 172 GENERAL ELECTRIC COMPANY: PRODUCT LAUNCHES AND DEVELOPMENTS
15.1.6 HITACHI, LTD.
TABLE 173 HITACHI, LTD.: BUSINESS OVERVIEW
FIGURE 68 HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 174 HITACHI, LTD.: PRODUCT OFFERINGS
TABLE 175 HITACHI, LTD.: DEALS
15.1.7 HONEYWELL INTERNATIONAL, INC.
TABLE 176 HONEYWELL INTERNATIONAL, INC.: BUSINESS OVERVIEW
FIGURE 69 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 177 HONEYWELL INTERNATIONAL, INC: PRODUCT OFFERINGS
15.1.8 LG ENERGY SOLUTIONS CO., LTD.
TABLE 178 LG ENERGY SOLUTIONS CO., LTD.: BUSINESS OVERVIEW
TABLE 179 LG ENERGY SOLUTIONS CO., LTD.: PRODUCT OFFERING
15.1.9 NEC CORPORATION
TABLE 180 NEC CORPORATION: BUSINESS OVERVIEW
FIGURE 70 NEC CORPORATION: COMPANY SNAPSHOT
TABLE 181 NEC CORPORATION: PRODUCT OFFERING
15.1.10 NGK INSULATORS, LTD.
TABLE 182 NGK INSULATORS, LTD.: BUSINESS OVERVIEW
FIGURE 71 NGK INSULATORS, LTD.: COMPANY SNAPSHOT
TABLE 183 NGK INSULATORS, LTD.: PRODUCT OFFERING
15.1.11 PANASONIC CORPORATION
TABLE 184 PANASONIC CORPORATION: BUSINESS OVERVIEW
FIGURE 72 PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 185 PANASONIC CORPORATION: PRODUCT OFFERING
TABLE 186 PANASONIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 187 PANASONIC CORPORATION: DEALS
15.1.12 SAMSUNG SDI CO., LTD.
TABLE 188 SAMSUNG SDI CO., LTD.: BUSINESS OVERVIEW
FIGURE 73 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT
TABLE 189 SAMSUNG SDI CO., LTD.: PRODUCT OFFERING
TABLE 190 SAMSUNG SDI CO., LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS
15.1.13 SIEMENS AG
TABLE 191 SIEMENS AG: BUSINESS OVERVIEW
FIGURE 74 SIEMENS AG: COMPANY SNAPSHOT
TABLE 192 SIEMENS: PRODUCT OFFERINGS
15.1.14 TESLA, INC.
TABLE 193 TESLA, INC.: BUSINESS OVERVIEW
FIGURE 75 TESLA, INC.: COMPANY SNAPSHOT
TABLE 194 TESLA, INC.: PRODUCT OFFERINGS
15.1.15 TOSHIBA CORPORATION
TABLE 195 TOSHIBA CORPORATION: BUSINESS OVERVIEW
FIGURE 76 TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 196 TOSHIBA CORPORATION: PRODUCT OFFERINGS
15.2 OTHER PLAYERS
15.2.1 EAST PENN MANUFACTURING COMPANY
15.2.2 ENERDEL, INC.
15.2.3 EXERGONIX
15.2.4 JOHNSON CONTROLS
15.2.5 KOKAM
15.2.6 NEXTERA ENERGY, INC.
15.2.7 PARKER HANNIFIN CORP
15.2.8 PRIMUS POWER
15.2.9 THE AES CORPORATION
15.2.10 TRINABESS

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

16 ADJACENT & RELATED MARKETS (Page No. – 271)
     16.1 INTRODUCTION
16.2 LIMITATIONS
16.3 SOLID-STATE BATTERY MARKET, BY TYPE
16.3.1 INTRODUCTION
FIGURE 77 SOLID-STATE BATTERY MARKET, BY TYPE
TABLE 197 SOLID-STATE BATTERY MARKET, BY TYPE, 2017–2021 (USD MILLION)
TABLE 198 SOLID-STATE BATTERY MARKET, BY TYPE, 2022–2028 (USD MILLION)
16.3.2 SINGLE-CELL BATTERY
16.3.2.1 Single-cell battery technology is well-adopted in medical devices
TABLE 199 SINGLE-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 200 SINGLE-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
16.3.3 MULTI-CELL BATTERY
16.3.3.1 Multi-cell battery is most trending battery technology for electric vehicles due to its high power density
TABLE 201 MULTI-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 202 MULTI-CELL SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
16.4 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY
16.4.1 INTRODUCTION
FIGURE 78 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY
FIGURE 79 MARKET FOR SECONDARY SOLID-STATE BATTERY TO GROW AT HIGHER  CAGR DURING 2022–2028
TABLE 203 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY, 2017–2021 (USD MILLION)
TABLE 204 SOLID-STATE BATTERY MARKET, BY RECHARGEABILITY, 2022–2028 (USD MILLION)
16.4.2 PRIMARY BATTERY
16.4.2.1 Primary solid-state batteries to hold larger share of market during forecast period
TABLE 205 PRIMARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 206 PRIMARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
16.4.3 SECONDARY BATTERY
16.4.3.1 Secondary solid-state batteries to witness higher growth rate during forecast period
TABLE 207 SECONDARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 208 SECONDARY SOLID-STATE BATTERY MARKET, BY APPLICATION, 2022–2028 (USD MILLION)

17 APPENDIX (Page No. – 282)
     17.1 INSIGHTS OF INDUSTRY EXPERTS
17.2 DISCUSSION GUIDE
17.3 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
17.4 AVAILABLE CUSTOMIZATIONS
17.5 RELATED REPORTS
17.6 AUTHOR DETAILS


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