Battery Energy Storage System (BESS) Market by Element (Hardware, and Battery), Battery Type (Sodium–Sulfur Batteries, Flow Batteries, Lithium-Ion Batteries and Advanced Lead-Acid Batteries), Connection Type (On-grid Connection and Off-grid Connection), Ownership (Customer Owned, Utility Owned, and Third-Party Owned), and Application (Residential, Utilities and Non-Residential) – Market Size & Forecast, 2019-2030

Report ID : 236  |  Published Date : Feb 2020  |  Pages : 180  |  Region : Global  |  Report Code : OTH-80





Battery Energy Storage System (BESS) Market Overview and Introduction                 

Battery Energy Storage Systems (BESSs) is a technology which has been developed for storing energy, using specifically designed batteries. Growing focus on renewable sources of energy, such as wind & solar energy, have led to the adoption of BESSs to store the generated energy. BESSs assist in overcoming the challenges of large-scale grid integration of renewables, by storing excess of energy when demand is low and re-injecting the same, when consumption is at its peak. The advent of BESS has been a major contributor in balancing the supply & demand for power and simultaneously improving operational & performance features of novel battery technologies.

The growth of global BESS market can be attributed to several factors such as broad range of application of BESS across demand response, integration of renewable energy & microgrids, frequency regulation, and distribution & transmission infrastructure deferral among others. Moreover, rising focus on utilizing clean energy has significantly contributed to the adoption of battery energy storage systems, globally. Similarly, increasing demand for lithium-ion batteries by renewable energy industry coupled with decreasing costs of these batteries have been significant in propelling the growth of global Battery Energy Storage System (BESS) Market. However, requirement of high capital investment for deployment of BESS and difficulties while installing BESS in remote locations may hinder the growth of the market to a certain extent.

The global Battery Energy Storage Systems (BESSs) market is majorly classified into the following segments, viz., by element, battery type, connection type, ownership, application and region.

Battery Energy Storage System (BESS) Market by Element

The segment of element can be further categorized into, hardware, battery, and other elements.

Battery Energy Storage System (BESS) Market by Battery Type

On the basis of battery type, the battery energy storage system market is bifurcated into sodium–sulfur batteries, flow batteries, lithium-ion batteries advanced lead-acid batteries and other battery types. In 2019, the lithium-ion battery segment is anticipated to account for the largest share in the global Battery Energy Storage Systems (BESSs) market. The large share of this segment can be attributed to long life-span, high efficiency, high power & energy density, high life expectancy and low standby losses among others.

Battery Energy Storage System (BESS) Market by Connection Type

On the basis of connection type, the battery energy storage system market is bifurcated into the following segments, i.e., on-grid connection and off-grid connection.

Battery Energy Storage System (BESS) Market by Ownership

On the basis of ownership, the battery energy storage system market is bifurcated customer owned, utility owned, and third-party owned. The segment of utility owned BESS is projected to account for the highest share CAGR in the global battery energy storage system market during the forecast period. The growth of this segment can be attributed to ability of these operators to cater to multiple systems and reduce the overall costs of systems while simultaneously incrementing power storage capabilities.

Battery Energy Storage System (BESS) Market by Application

On the basis of application, battery energy storage system market has be classified into residential, utilities, non-residential and other applications.

Battery Energy Storage System (BESS) Market by Region

The global Battery Energy Storage System (BESS) market can be segmented into North America, Asia Pacific, Europe and Rest of World (ROW). The Asia Pacific region is projected to account for the highest CAGR during the forecast period, owing to factors such as, rising population, which in turn increases demand for electricity, supportive government regulations and increasing focus on clean energy among others.

Battery Energy Storage System (BESS) Market Prominent Players

The prominent players operating in the global Battery Energy Storage System (BESS) market are Tesla, Siemens, Hitachi Chemical Co., Ltd., GENERAL ELECTRIC, AEG, SAMSUNG SDI CO., LTD., NEC Energy Solutions, Inc., Panasonic Corporatio

Table of Contents

  1. INTRODUCTION
    1. Market Definition
    2. Market Classification
    3.  Geographic Scope
    4.  Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
    5. Currency Used
  2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
      1.  Secondary Sources
      2. Primary Sources
    4. Market Estimation Methodology
      1.  Bottom Up Approach
      2.  Top Down Approach
    5. Data Validation and Triangulation
      1.  Market Forecasting Model
      2.  Limitations/Assumptions of the Study
  3. ABSTRACT OF THE STUDY
  4. MARKET DYNAMICS ASSESMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities
  5. UNIQUE SELLING PROPOSITIONS (USPs)
    1. Technological Advancements
    2. Government Initiatives Assessment: Clean Energy
  6. GLOBAL BATTERY ENERGY STORAGE SYSTEM (BESS) MARKET - ANALYSIS & FORECAST, BY ELEMENT
    1. Hardware     
    2. Battery
    3. Other Elements
  7. GLOBAL BATTERY ENERGY STORAGE SYSTEM (BESS) MARKET - ANALYSIS & FORECAST, BY BATTERY TYPE
    1. Sodium–Sulfur Batteries
    2. Flow Batteries
    3. Lithium-Ion Batteries
    4. Advanced Lead-Acid Batteries
    5. Other Battery Types
  8. GLOBAL BATTERY ENERGY STORAGE SYSTEM (BESS) MARKET - ANALYSIS & FORECAST, BY CONNECTION TYPE
    1. On-grid Connection
    2. Off-grid Connection
  9. GLOBAL BATTERY ENERGY STORAGE SYSTEM (BESS) MARKET - ANALYSIS & FORECAST, BY OWNERSHIP
    1. Customer Owned
    2. Utility Owned        
    3. Third-party Owned
  10. GLOBAL BATTERY ENERGY STORAGE SYSTEM (BESS) MARKET - ANALYSIS & FORECAST, BY APPLICATION
    1. Residential
    2. Utilities
    3. Non-Residential     
    4. Other Applications
  11. GLOBAL BATTERY ENERGY STORAGE SYSTEM (BESS) MARKET - ANALYSIS & FORECAST, BY REGION
    1.   North America Battery Energy Storage System (BESS) Market           
      1.  North America Battery Energy Storage System Market, By Country
        1.  US        
        2.  Canada                               
      2. North America Battery Energy Storage System (BESS) Market Analysis & Forecast, By Element
      3. North America Battery Energy Storage System (BESS) Market Analysis & Forecast, By Battery Type
      4. North America Battery Energy Storage System (BESS) Market Analysis & Forecast, By Connection Type
      5. North America Battery Energy Storage System (BESS) Market Analysis & Forecast, By Ownership
      6. North America Battery Energy Storage System (BESS) Market Analysis & Forecast, By Application
    2. Europe Battery Energy Storage System (BESS) Market
      1. Europe Battery Energy Storage System Market, By Country/Region
        1. Germany
        2. U.K
        3. France
        4. Rest of Europe (ROE)
      2. Europe Battery Energy Storage System Market (BESS) Analysis & Forecast, By Element
      3. Europe Battery Energy Storage System (BESS) Market Analysis & Forecast, By Battery Type
      4. Europe Battery Energy Storage System (BESS) Market Analysis & Forecast, By Connection Type
      5. Europe Battery Energy Storage System (BESS) Market Analysis & Forecast, By Ownership
      6. Europe Battery Energy Storage System (BESS) Market Analysis & Forecast, By End Application
    3. Asia Pacific Battery Energy Storage System (BESS) Market
      1. Asia Pacific Battery Energy Storage System Market, By Country/Region
        1. China
        2. Japan
        3. India
        4. Rest of Asia Pacific (RoAPAC)
      2. Asia Pacific Battery Energy Storage System (BESS) Market Analysis & Forecast, By Element
      3. Asia Pacific Battery Energy Storage System (BESS) Market Analysis & Forecast, By Battery Type
      4. Asia Pacific Battery Energy Storage System (BESS) Market Analysis & Forecast, By Connection Type
      5. Asia Pacific Battery Energy Storage System (BESS) Market Analysis & Forecast, By Ownership
      6. Asia Pacific Battery Energy Storage System (BESS) Market Analysis & Forecast, By Application
    4.   Rest of the World (ROW) Battery Energy Storage System (BESS) Market
      1. Rest of the World Battery Energy Storage System Market, By Country/ Region
        1.  Latin America
        2.  Middle East & Africa
      2. Rest of the World Battery Energy Storage System (BESS) Market Analysis & Forecast, By Element
      3. Rest of the World Battery Energy Storage System (BESS) Market Analysis & Forecast, By Battery Type
      4. Rest of the World Battery Energy Storage System (BESS) Market Analysis & Forecast, By Connection Type
      5. Rest of the World Battery Energy Storage System (BESS) Market Analysis & Forecast, By Ownership
      6. Rest of the World Battery Energy Storage System (BESS) Market Analysis & Forecast, By Application
  12. COMPETETIVE LANDSCAPE
    1. Key Players & Their Competitive Positioning (2018)
    2. Key Strategies Assessment
      1. New Product Launches
      2. Merger & Acquisitions
      3. Agreements, Collaborations, & Partnerships
      4. Expansions
      5. Other Strategies
  13. COMPANY PROFILES (Business Overview, Products Offered, Financial Performance, Recent Developments)*
    1.   Tesla
    2.   Siemens
    3.   Hitachi Chemical Co., Ltd.
    4.   GENERAL ELECTRIC
    5.   AEG
    6.   SAMSUNG SDI CO., LTD.
    7.   NEC Energy Solutions, Inc.
    8.   Panasonic Corporation
    9.   LG Chem
    10. ABB *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain