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Battery Energy Storage Systems Market

Battery Energy Storage Systems Market [Application: On-grid Connected Systems, Off-grid Connected Systems, Automotive, and Others] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Market Outlook 2031

  • The global battery energy storage systems market size stood at US$ 20.4 Bn in 2022
  • It is expected to increase at a CAGR of 12.7% from 2023 to 2031 and reach US$ 59.6 Bn by the end of 2031

Analyst Viewpoint

Rise in focus on usage of solar and wind energy in developed and a few developing economies is driving the adoption of storage systems to enable proper utilization of renewable energy. Thus, need for effective transmission and distribution of renewable energy resources is expected to positively influence the battery energy storage systems market forecast in the next few years.

Significant amount of resources, such as metals, minerals, and water, are need to manufacture batteries. Moreover, the disposal of used batteries can lead to emissions and toxic waste generation, which can have a negative impact on the environment. Consequently, manufacturers operating in the battery energy storage systems market are investing in the research and development of new reuse and recycling strategies for batteries, which can help save valuable resources and mitigate the impact of battery energy storage systems on the environment.

Battery Energy Storage Systems Market

Market Introduction

Governments policies, such as net zero export limitations, net metering 2.0, and devaluation of exported solar photovoltaic cells, are driving the demand for battery energy storage systems in the residential sector. Net energy metering (NEM) aids consumers in using electricity as per their convenience. Energy storage systems (ESS) are connected to the grid-tied rooftop solar power system through the hybrid inverter. Extensive adoption of rooftop solar systems in Europe and North America is anticipated to propel the global battery energy storage systems industry growth during the forecast period.

One of the key factors restraining the population from reaping the commercial energy storage system benefits is the high cost of batteries. The adoption of lithium-ion battery for energy storage has been rising for the last few years; however, the cost of these batteries is still higher than other energy storage technologies, such as pumped hydro or flywheels. Furthermore, storage and discharge of energy from batteries leads to loss during the conversion process, which hampers the efficiency of batteries. These factors are hampering the global battery energy storage systems market progress.

Researchers are exploring alternative battery chemistries that are more cost-effective, such as flow batteries or sodium-ion batteries, to reduce the cost. Furthermore, manufacturers are exploring new materials for battery electrodes that can control the optimal charging and discharging parameters and reduce energy loss.

Rise in Investments in Renewable Energy Plants to Offer Battery Energy Storage Systems Market Opportunities

Rapid increase in population across the globe is driving the demand for energy. Consequently, governments worldwide are promoting the usage of renewable energy, which in turn is driving the demand for battery energy storage or grid energy storage technologies. For instance, China announced the Energy Technology Innovation Action Plan 2016-2030, which aims to significantly enhance innovation in energy technologies and increase the country's independence in the supply of renewable energy projects. The country’s 15-year energy technology innovation action plan is boosting extensive integration of renewables, electric vehicles, and development of micro-grids. Likewise, India has a power generation capacity of 424 GW, which includes around 180 GW from non-fossil fuels, while another 88 GW has been planned. The country has set a target of 500 GW of renewable energy capacity by 2030.

Since 2014, the Government of the U.S. has invested US$ 34 Bn in wind farms, solar power plants, and several energy projects. Thus, increase in focus on power generation through renewable energy is projected to drive the global battery energy storage systems market outlook during the forecast period.

Increase in Deployment of Grid Energy Storage Systems Driving Battery Energy Storage Systems Market Value

Grid modernization initiatives imply integrating renewable energy such as wind or solar power into the existing grid. However, it needs to be noted that renewable sources are intermittent, which in turn, could lead to fluctuations in power supply. Battery energy storage systems help in storage of excess energy during high generation and release it when renewable sources do not actively generate electricity. This helps in stabilizing the grid and ascertaining reliable power supply.

The battery energy storage systems can thus handle asset deferral, harmonic suppression, assure of frequency regulation and power quality, and offer support to voltage regulator during transmission as well as distribution of electricity. Other benefits include renewable energy time-shifting, electric energy time- baseload leveling/peak shaving, renewable capacity firming, and shifting. Therefore, rise in preference for grid energy storage is expected to boost the battery energy storage systems market demand during the forecast period.

Regional Battery Energy Storage Systems Market Insights

North America accounted for the largest share of the global demand for residential battery storage solutions in 2022 due to the U.S. capitalizing on reduced prices of batteries coupled with rising penetration of renewable energy in the country. According to the latest energy storage systems market research, Europe holds a significant market share due to growing focus of governments in the region on the usage of renewable energy.

The battery energy storage systems market share held by Asia Pacific is expected to increase at a rapid pace in the next few years due to rise in demand for energy and increase in adoption of off-grid renewable energy storage options in Australia, China, and India.

Analysis of Key Players

As per recent battery energy storage systems industry trends, the global market is highly consolidated with a few prominent players accounting for majority market share. Furthermore, leading manufacturers are engaging in various modes of expansion, such as new product launches and mergers/acquisitions, to consolidate their position in the global market. Some of the players operating in battery energy storage systems market include ABB Group, Maxwell Technologies, Inc., LG Chem, NEC Corporation, General Electric, Hitachi Ltd., Panasonic Corporation, Siemens AG, Tesla, Schneider Electric SE, Samsung SDI, Gildemeister Energy Solutions, AEG Power Solutions, AES Corporation, Primus Power, and Rongke Power.

Key Developments

  • In February 2023, The New York Power Authority (NYPA), along with the New York State Energy Research and Development Authority (NYSERDA), announced their battery energy storage system (BESS) using high-safety, patented, Li-ion supercell technology. It makes provisions for energy peak-shaving capabilities to White Plains Offices of NYPA, as a part of its demonstration project.
  • In October 2022, Fluence Energy GmbH, along with TransnetBW GmbH, announced plans of deploying the biggest battery-based energy storage-as-transmission project with the objective of improving energy security, thereby supporting Germany’s energy transition pathway. The 250 MW battery-based energy storage system that Fluence has applied would be located at Kupferzell. The project is expected to complete by 2025.
  • In June 2022, General Electric announced expansion of its manufacturing capacity for power electronics systems in battery and solar energy storage to 9 GW/year, thereby tripling its current capacity.

Key players in the battery energy storage systems market report have been profiled based on various parameters such as company overview, business strategies, financial overview, product portfolio, and business segments.

Global Battery Energy Storage Systems Market Snapshot

Attribute Detail
Size in 2022 US$ 20.4 Bn
Forecast (Value) in 2031 US$ 59.6 Bn
Growth Rate (CAGR) 12.7%
Forecast Period 2023-2031
Historical Data Available for 2017-2021
Quantitative Units US$ Bn for Value
Market Analysis It includes segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.
Competition Landscape
  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • Technology
    • Lithium-ion Batteries (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Nickel Manganese Cobalt Oxide (NMC), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide, and Lithium Titanate)
    • Nickel Cadmium Batteries
    • Sodium Sulfur Batteries
    • Sodium-ion Batteries
    • Flow Batteries (Redox Floe Batteries, Iron Chromium Flow Batteries, Vanadium Redox Batteries, Hybrid Flow Batteries (Zinc Hybrid Cathode and Other Hybrid Batteries), and Others)
    • Others
  • Application
    • On-grid Connected Systems
    • Off-grid Connected Systems
    • Automotive
    • Others
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA
Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
Companies Profiled
  • ABB Group
  • Maxwell Technologies, Inc.
  • LG Chem
  • NEC Corporation
  • General Electric
  • Hitachi Ltd.
  • Panasonic Corporation
  • Siemens AG
  • Tesla
  • Schneider Electric SE
  • Samsung SDI
  • Gildemeister Energy Solutions
  • AEG Power Solutions
  • AES Corporation
  • Primus Power
  • Rongke Power
Customization Scope Available Upon Request
Pricing Available Upon Request

Frequently Asked Questions

How big was the battery energy storage systems market in 2022?

The global market was valued at US$ 20.4 Bn in 2022

How is battery energy storage systems industry expected to grow during the forecast period?

It is projected to expand at a CAGR of 12.7% from 2023 to 2031

What are the key factors driving the demand for battery energy storage systems?

Rise in investments in renewable energy plants and increase in deployment of grid energy storage systems

Which battery energy storage systems segment held largest share in 2022?

In terms of application, the on-grid connected systems segment held largest share in 2022

Which region is expected to dominate the battery energy storage systems business?

North America is estimated to dominate in the next few years

Who are the key battery energy storage systems manufacturers?

ABB Group, Maxwell Technologies, Inc., LG Chem, NEC Corporation, General Electric, Hitachi Ltd., Panasonic Corporation, Siemens AG, Tesla, Schneider Electric SE, Samsung SDI, Gildemeister Energy Solutions, AEG Power Solutions, AES Corporation, Primus Power, and Rongke Power

    1. Executive Summary

        1.1. Global Market Outlook

        1.2. Demand Side Trends

        1.3. Key Facts and Figures

        1.4. Trends Impacting Market

        1.5. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Key Developments

        2.3. Market Definitions

        2.4. Key Market Trends

        2.5. Market Dynamics

            2.5.1. Drivers

            2.5.2. Restraints

            2.5.3. Opportunities

        2.6. Global Battery Energy Storage Systems Market Analysis and Forecast, 2020-2031

            2.6.1. Global Battery Energy Storage Systems Market Value (US$ Mn)

        2.7. Porter’s Five Forces Analysis

        2.8. Regulatory Landscape

        2.9. Value Chain Analysis

            2.9.1. List of Raw Material Suppliers

            2.9.2. List of Key Manufacturers

            2.9.3. List of Key Suppliers

            2.9.4. List of Potential Customers

        2.10. Product Specification Analysis

        2.11. Production Overview

        2.12. Cost Structure Analysis

    3. COVID-19 Impact Analysis

        3.1. Impact on the Supply Chain of the Battery Energy Storage Systems

        3.2. Impact on the Demand of Battery Energy Storage Systems– Pre & Post Crisis

    4. Production Output Analysis, 2022

        4.1. North America

        4.2. Europe

        4.3. Asia Pacific

        4.4. Latin America

        4.5. Middle East & Africa

    5. Impact of Current Geopolitical Scenario on Market

    6. Price Trend Analysis and Forecast (US$), 2020-2031

        6.1. Price Trend Analysis, by Technology

        6.2. Price Trend Analysis, by Region

    7. Battery Energy Storage Systems Market Analysis and Forecast, by Technology, 2020–2031

        7.1. Introduction and Definitions

        7.2. Global Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            7.2.1. Lithium-ion Batteries

                7.2.1.1. Lithium Cobalt Oxide

                7.2.1.2. Lithium Manganese Oxide

                7.2.1.3. Lithium Nickel Manganese Cobalt Oxide (NMC)

                7.2.1.4. Lithium Iron Phosphate (LFP)

                7.2.1.5. Lithium Nickel Cobalt Aluminum Oxide

                7.2.1.6. Lithium Titanate

            7.2.2. Nickel Cadmium batteries

            7.2.3. Sodium Sulfur Batteries

            7.2.4. Sodium-ion Batteries

            7.2.5. Flow Batteries

                7.2.5.1. Redox Flow Batteries

                7.2.5.2. Iron Chromium Flow Batteries

                7.2.5.3. Vanadium Redox Batteries

                7.2.5.4. Hybrid Flow Batteries

                    7.2.5.4.1. Zinc Hybrid Cathode

                    7.2.5.4.2. Other Hybrid Batteries

                7.2.5.5. Others

            7.2.6. Others

        7.3. Global Battery Energy Storage Systems Market Attractiveness, by Technology

    8. Global Battery Energy Storage Systems Market Analysis and Forecast, Application, 2020–2031

        8.1. Introduction and Definitions

        8.2. Global Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020–2031

            8.2.1. On-grid Connected Systems

            8.2.2. Off-grid Connected Systems

            8.2.3. Automotive

            8.2.4. Others

        8.3. Global Battery Energy Storage Systems Market Attractiveness, by Application

    9. Global Battery Energy Storage Systems Market Analysis and Forecast, by Region, 2020–2031

        9.1. Key Findings

        9.2. Global Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Region, 2020–2031

            9.2.1. North America

            9.2.2. Europe

            9.2.3. Asia Pacific

            9.2.4. Latin America

            9.2.5. Middle East & Africa

        9.3. Global Battery Energy Storage Systems Market Attractiveness, by Region

    10. North America Battery Energy Storage Systems Market Analysis and Forecast, 2020–2031

        10.1. Key Findings

        10.2. North America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

        10.3. North America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020–2031

        10.4. North America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country, 2020–2031

            10.4.1. U.S. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            10.4.2. U.S. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            10.4.3. Canada Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            10.4.4. Canada Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

        10.5. North America Battery Energy Storage Systems Market Attractiveness Analysis

    11. Europe Battery Energy Storage Systems Market Analysis and Forecast, 2020–2031

        11.1. Key Findings

        11.2. Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

        11.3. Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020–2031

        11.4. Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020-2031

            11.4.1. Germany Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Type, 2020–2031

            11.4.2. Germany Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            11.4.3. France Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            11.4.4. France Battery Energy Storage Systems Market and Value (US$ Mn) Forecast, Application, 2020–2031

            11.4.5. U.K. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            11.4.6. U.K. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            11.4.7. Italy Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            11.4.8. Italy Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            11.4.9. Russia & CIS Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            11.4.10. Russia & CIS Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            11.4.11. Rest of Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            11.4.12. Rest of Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

        11.5. Europe Battery Energy Storage Systems Market Attractiveness Analysis

    12. Asia Pacific Battery Energy Storage Systems Market Analysis and Forecast, 2020–2031

        12.1. Key Findings

        12.2. Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology

        12.3. Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020–2031

        12.4. Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020-2031

            12.4.1. China Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            12.4.2. China Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            12.4.3. Japan Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            12.4.4. Japan Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            12.4.5. India Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            12.4.6. India Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            12.4.7. ASEAN Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            12.4.8. ASEAN Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            12.4.9. Rest of Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            12.4.10. Rest of Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

        12.5. Asia Pacific Battery Energy Storage Systems Market Attractiveness Analysis

    13. Latin America Battery Energy Storage Systems Market Analysis and Forecast, 2020–2031

        13.1. Key Findings

        13.2. Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

        13.3. Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020–2031

        13.4. Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020-2031

            13.4.1. Brazil Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            13.4.2. Brazil Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            13.4.3. Mexico Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            13.4.4. Mexico Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            13.4.5. Rest of Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            13.4.6. Rest of Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

        13.5. Latin America Battery Energy Storage Systems Market Attractiveness Analysis

    14. Middle East & Africa Battery Energy Storage Systems Market Analysis and Forecast, 2020–2031

        14.1. Key Findings

        14.2. Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

        14.3. Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020–2031

        14.4. Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020-2031

            14.4.1. GCC Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            14.4.2. GCC Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            14.4.3. South Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            14.4.4. South Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

            14.4.5. Rest of Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

            14.4.6. Rest of Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, Application, 2020–2031

        14.5. Middle East & Africa Battery Energy Storage Systems Market Attractiveness Analysis

    15. Competition Landscape

        15.1. Global Battery Energy Storage Systems Company Market Share Analysis, 2021

        15.2. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)

            15.2.1. ABB Group

                15.2.1.1. Company Revenue

                15.2.1.2. Business Overview

                15.2.1.3. Product Segments

                15.2.1.4. Geographic Footprint

                15.2.1.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.1.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.2. Maxwell Technologies, Inc.

                15.2.2.1. Company Revenue

                15.2.2.2. Business Overview

                15.2.2.3. Product Segments

                15.2.2.4. Geographic Footprint

                15.2.2.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.2.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.3. LG Chem

                15.2.3.1. Company Revenue

                15.2.3.2. Business Overview

                15.2.3.3. Product Segments

                15.2.3.4. Geographic Footprint

                15.2.3.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.3.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.4. NEC Corporation

                15.2.4.1. Company Revenue

                15.2.4.2. Business Overview

                15.2.4.3. Product Segments

                15.2.4.4. Geographic Footprint

                15.2.4.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.4.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.5. General Electric

                15.2.5.1. Company Revenue

                15.2.5.2. Business Overview

                15.2.5.3. Product Segments

                15.2.5.4. Geographic Footprint

                15.2.5.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.5.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.6. Hitachi Ltd.

                15.2.6.1. Company Revenue

                15.2.6.2. Business Overview

                15.2.6.3. Product Segments

                15.2.6.4. Geographic Footprint

                15.2.6.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.6.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.7. Panasonic Corporation

                15.2.7.1. Company Revenue

                15.2.7.2. Business Overview

                15.2.7.3. Product Segments

                15.2.7.4. Geographic Footprint

                15.2.7.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.7.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.8. Siemens AG

                15.2.8.1. Company Revenue

                15.2.8.2. Business Overview

                15.2.8.3. Product Segments

                15.2.8.4. Geographic Footprint

                15.2.8.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.8.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.9. Tesla

                15.2.9.1. Company Revenue

                15.2.9.2. Business Overview

                15.2.9.3. Product Segments

                15.2.9.4. Geographic Footprint

                15.2.9.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.9.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.10. Schneider Electric SE

                15.2.10.1. Company Revenue

                15.2.10.2. Business Overview

                15.2.10.3. Product Segments

                15.2.10.4. Geographic Footprint

                15.2.10.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.10.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.11. Samsung SDI

                15.2.11.1. Company Revenue

                15.2.11.2. Business Overview

                15.2.11.3. Product Segments

                15.2.11.4. Geographic Footprint

                15.2.11.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.11.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.12. Gildemeister Energy Solutions

                15.2.12.1. Company Revenue

                15.2.12.2. Business Overview

                15.2.12.3. Product Segments

                15.2.12.4. Geographic Footprint

                15.2.12.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.12.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.13. AEG Power Solutions

                15.2.13.1. Company Revenue

                15.2.13.2. Business Overview

                15.2.13.3. Product Segments

                15.2.13.4. Geographic Footprint

                15.2.13.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.13.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.14. AES Corporation

                15.2.14.1. Company Revenue

                15.2.14.2. Business Overview

                15.2.14.3. Product Segments

                15.2.14.4. Geographic Footprint

                15.2.14.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.14.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.15. Primus Power

                15.2.15.1. Company Revenue

                15.2.15.2. Business Overview

                15.2.15.3. Product Segments

                15.2.15.4. Geographic Footprint

                15.2.15.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.15.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

            15.2.16. Rongke Power

                15.2.16.1. Company Revenue

                15.2.16.2. Business Overview

                15.2.16.3. Product Segments

                15.2.16.4. Geographic Footprint

                15.2.16.5. Production Capacity/Plant Details, etc. (*As Applicable)

                15.2.16.6. Strategic Partnership, Capacity Expansion, New Product Innovation etc.

    16. Primary Research: Key Insights

    17. Appendix

    List of Tables

    Table 1: Global Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 2: Global Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 3: Global Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Region, 2020–2031

    Table 4: North America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 5: North America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 6: North America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country, 2020–2031

    Table 7: U.S. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 8: U.S. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application, 2020–2031

    Table 9: Canada Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 10: Canada Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 11: Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 12: Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 13: Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

    Table 14: Germany Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 15: Germany Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 16: France Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 17: France Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 18: U.K. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 19: U.K. Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 20: Italy Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 21: Italy Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 22: Spain Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 23: Spain Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 24: Russia & CIS Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 25: Russia & CIS Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 26: Rest of Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 27: Rest of Europe Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 28: Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 29: Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 30: Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

    Table 31: China Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology 2020–2031

    Table 32: China Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 33: Japan Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 34: Japan Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 35: India Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 36: India Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 37: ASEAN Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 38: ASEAN Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 39: Rest of Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 40: Rest of Asia Pacific Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 41: Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 42: Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 43: Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

    Table 44: Brazil Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 45: Brazil Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 46: Mexico Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 47: Mexico Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 48: Rest of Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 49: Rest of Latin America Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 50: Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 51: Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 52: Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

    Table 53: GCC Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 54: GCC Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 55: South Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 56: South Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    Table 57: Rest of Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Technology, 2020–2031

    Table 58: Rest of Middle East & Africa Battery Energy Storage Systems Market Value (US$ Mn) Forecast, by Application 2020–2031

    List of Figures

    Figure 1: Global Battery Energy Storage Systems Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 2: Global Battery Energy Storage Systems Market Attractiveness, by Technology

    Figure 3: Global Battery Energy Storage Systems Market Volume Share Analysis, by Application, 2022, 2027, and 2031

    Figure 4: Global Battery Energy Storage Systems Market Attractiveness, by Application

    Figure 5: Global Battery Energy Storage Systems Market Volume Share Analysis, by Region, 2022, 2027, and 2031

    Figure 6: Global Battery Energy Storage Systems Market Attractiveness, by Region

    Figure 7: North America Battery Energy Storage Systems Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 8: North America Battery Energy Storage Systems Market Attractiveness, by Technology

    Figure 9: North America Battery Energy Storage Systems Market Attractiveness, by Technology

    Figure 10: North America Battery Energy Storage Systems Market Volume Share Analysis, by Application, 2022, 2027, and 2031

    Figure 11: North America Battery Energy Storage Systems Market Attractiveness, by Application

    Figure 12: North America Battery Energy Storage Systems Market Attractiveness, by Country and Sub-region

    Figure 13: Europe Battery Energy Storage Systems Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 14: Europe Battery Energy Storage Systems Market Attractiveness, by Technology

    Figure 15: Europe Battery Energy Storage Systems Market Volume Share Analysis, by Application, 2022, 2027, and 2031

    Figure 16: Europe Battery Energy Storage Systems Market Attractiveness, by Application

    Figure 17: Europe Battery Energy Storage Systems Market Volume Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

    Figure 18: Europe Battery Energy Storage Systems Market Attractiveness, by Country and Sub-region

    Figure 19: Asia Pacific Battery Energy Storage Systems Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 20: Asia Pacific Battery Energy Storage Systems Market Attractiveness, by Technology

    Figure 21: Asia Pacific Battery Energy Storage Systems Market Volume Share Analysis, by Application, 2022, 2027, and 2031

    Figure 22: Asia Pacific Battery Energy Storage Systems Market Attractiveness, by Application

    Figure 23: Asia Pacific Battery Energy Storage Systems Market Volume Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

    Figure 24: Asia Pacific Battery Energy Storage Systems Market Attractiveness, by Country and Sub-region

    Figure 25: Latin America Battery Energy Storage Systems Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 26: Latin America Battery Energy Storage Systems Market Attractiveness, by Technology

    Figure 27: Latin America Battery Energy Storage Systems Market Volume Share Analysis, by Application, 2022, 2027, and 2031

    Figure 28: Latin America Battery Energy Storage Systems Market Attractiveness, by Application

    Figure 29: Latin America Battery Energy Storage Systems Market Volume Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

    Figure 30: Latin America Battery Energy Storage Systems Market Attractiveness, by Country and Sub-region

    Figure 31: Middle East & Africa Battery Energy Storage Systems Market Volume Share Analysis, by Technology, 2022, 2027, and 2031

    Figure 32: Middle East & Africa Battery Energy Storage Systems Market Attractiveness, by Technology

    Figure 33: Middle East & Africa Battery Energy Storage Systems Market Volume Share Analysis, by Application, 2022, 2027, and 2031

    Figure 34: Middle East & Africa Battery Energy Storage Systems Market Attractiveness, by Application

    Figure 35: Middle East & Africa Battery Energy Storage Systems Market Volume Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

    Figure 36: Middle East & Africa Battery Energy Storage Systems Market Attractiveness, by Country and Sub-region

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Battery Energy Storage Systems Market

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