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Battery Energy Storage Systems Market Research Report Information By Battery Type (Lithium-Ion, and Sodium-Ion), Industry Vertical (Manufacturing, Commercial Buildings, Retail & Residential, Renewable Energy, and Others), By Battery Capacity (Low Scale Systems, Medium Scale Systems, High Scale Systems), By Application (Microgrid Support, Electric Vehicle (EV) Charging Infrastructure, Peak Shaving, Renewable Integration, Generation Optimization, Others) and By Region - Global Forecast to 2032


ID: MRFR/E&P/19162-CR | 128 Pages | Author: Anshula Mandaokar| March 2024

Battery Energy Storage Systems Market Segmentation


Battery Energy Storage Systems Battery Type Outlook



  • Lithium-Ion

  • Sodium-Ion


Battery Energy Storage Systems Industry Vertical Outlook



  • Manufacturing

  • Commercial Buildings

  • Retail & Residential

  • Renewable Energy

  • Others  


Battery Energy Storage Systems Battery Capacity Outlook



  • Low Scale Systems

  • Medium Scale Systems

  • High Scale Systems


Battery Energy Storage Systems Application Outlook



  • Microgrid Support

  • Electric Vehicle (EV) Charging Infrastructure

  • Peak Shaving

  • Renewable Integration

  • Generation Optimization

  • Others

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MESSAGES FROM THE MANAGEMENT:

WHY MRFR?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 18

2 MARKET INTRODUCTION 23

2.1 DEFINITION 23

2.2 SCOPE OF THE STUDY 24

2.3 RESEARCH OBJECTIVE 24

2.4 MARKET STRUCTURE 25

3 RESEARCH METHODOLOGY 26

3.1 OVERVIEW 26

3.2 DATA FLOW 28

3.2.1 Data Mining Process 28

3.3 PURCHASED DATABASE: 29

3.4 SECONDARY SOURCES: 30

3.4.1 Secondary Research data flow: 31

3.5 PRIMARY RESEARCH: 32

3.5.1 Primary Research DATA FLOW: 33

3.5.2 Primary Research: Number of Interviews conducted 34

3.5.3 Primary Research: Regional Coverage 34

3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 35

3.6.1 Revenue Analysis Approach 35

3.7 DATA FORECASTING 35

3.7.1 Data forecasting Technique 36

3.8 DATA MODELING 37

3.8.1 microeconomic factor analysis: 37

3.8.2 Data modeling: 38

3.9 TEAMS AND ANALYST CONTRIBUTION 40

4 MARKET DYNAMICS 42

4.1 INTRODUCTION 42

4.2 DRIVERS 42

4.2.1 The growing integration of renewable energy sources 42

4.2.2 Technological advancements and Growing demand for lithium-ion battery energy storage systems 44

4.3 RESTRAINTS 45

4.3.1 High Initial Cost and Maintenance 45

4.4 OPPORTUNITY 47

4.4.1 The rise of electric vehicles (EVs) 47

4.5 IMPACT ANALYSIS OF COVID-19 49

4.5.1 Impact on the Supply Chain of Global Battery Energy Storage Systems Market 49

4.5.2 Impact on Market Demand of Battery Energy Storage Systems Market 49

5 MARKET FACTOR ANALYSIS 51

5.1 SUPPLY CHAIN ANALYSIS 51

5.1.1 RAW MATERIAL Suppliers 51

5.1.2 Battery Enetgy storage system Manufacturers 51

5.1.3 Distribution Channels 52

5.1.4 End use industry 52

5.2 PORTER’S FIVE FORCES MODEL 53

5.2.1 Bargaining Power of Suppliers 53

5.2.2 Bargaining Power of Buyers 54

5.2.3 Threat of New Entrants 54

5.2.4 Threat of Substitutes 54

5.2.5 Intensity of Rivalry 54

5.3 NEW TECHNOLOGY OUTLOOK 55

5.4 RECENT DEVELOPMENTS IN CHEMISTRY/BATTERY TYPE 56

5.4.1 Most common chemistries for bees 56

5.4.2 Recent developments in the battery technology for Battery energy storage systems 57

6 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPE 60

6.1 INTRODUCTION 60

6.1.1 Lithium-ion 61

6.1.2 Lithium Manganese Oxide 61

6.1.3 Lithium Iron Phosphate 61

6.1.4 Sodium ion 61

7 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY INDUSTRY VERTICAL 62

7.1 INTRODUCTION 62

7.1.1 Manufacturing 64

7.1.2 Commercial Building 64

7.1.3 Retail & Residential 64

7.1.4 Renewable Energy 64

7.1.5 Others 64

8 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY 65

8.1 INTRODUCTION 65

8.1.1 Low Scale Systems 66

8.1.2 Medium Scale Systems 66

8.1.3 High Scale Systems 66

9 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY CAPACITY 67

9.1 INTRODUCTION 67

9.1.1 Microgrid Support 68

9.1.2 Electric vehicle (EV) Charging infrastructure 68

9.1.3 Peak Shaving 68

9.1.4 Renewable Integration 69

9.1.5 General Optimization 69

10 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY REGION 70

10.1 OVERVIEW 70

10.2 NORTH AMERICA 72

10.2.1 US 74

10.2.2 canada 75

10.2.3 mexico 76

10.3 EUROPE 79

10.3.1 Germany 81

10.3.2 France 82

10.3.3 UK 84

10.3.4 Spain 85

10.3.5 Italy 86

10.3.6 Rest of Europe 88

10.4 ASIA PACIFIC 90

10.4.1 China 92

10.4.2 India 93

10.4.3 Japan 95

10.4.4 South korea 96

10.4.5 Rest of Asia-Pacific 97

10.5 SOUTH AMERICA 99

10.5.1 Brazil 101

10.5.2 Argentina 102

10.5.3 Rest of South America 103

10.6 MIDDLE EAST & AFRICA 105

10.6.1 GCC 107

10.6.2 South Africa 108

10.6.3 Rest of middle east & africa 109

11 COMPETITIVE LANDSCAPE 112

11.1 INTRODUCTION 112

11.2 COMPETITION DASHBOARD 112

11.3 COMPANY MARKET SHARE ANALYSIS, 2022 (%) 113

11.4 COMPETITIVE BENCHMARKING 114

11.5 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE BATTERY ENERGY STORAGE SYSTEMS MARKET 115

11.6 LIST OF KEY PLAYERS, BY REGION 115

11.7 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2022 116

11.8 KEY DEVELOPMENTS & GROWTH STRATEGIES 116

11.8.1 New venture & Launch/Expansion 116

11.8.2 Merger & Acquisition 117

11.8.3 partnership 117

11.8.4 Collaboration 118

12 COMPANY PROFILES 119

12.1 HITACHI, LTD. 119

12.1.1 COMPANY OVERVIEW 119

12.1.2 FINANCIAL OVERVIEW 120

12.1.3 PRODUCTS OFFERed 120

12.1.4 KEY DEVELOPMENTS 121

12.1.5 SWOT ANALYSIS 121

12.1.6 Key Strategy 122

12.2 ABB 123

12.2.1 COMPANY OVERVIEW 123

12.2.2 FINANCIAL OVERVIEW 124

12.2.3 PRODUCTS OFFERed 124

12.2.4 KEY DEVELOPMENTS 125

12.2.5 SWOT ANALYSIS 125

12.2.6 Key Strategy 126

12.3 JAKSON 127

12.3.1 COMPANY OVERVIEW 127

12.3.2 FINANCIAL OVERVIEW 127

12.3.3 PRODUCTS OFFERed 127

12.3.4 KEY DEVELOPMENTS 128

12.3.5 SWOT ANALYSIS 128

12.3.6 Key Strategy 128

12.4 TOSHIBA CORPORATION 129

12.4.1 COMPANY OVERVIEW 129

12.4.2 FINANCIAL OVERVIEW 130

12.4.3 PRODUCTS OFFERed 130

12.4.4 KEY DEVELOPMENTS 131

12.4.5 SWOT ANALYSIS 131

12.4.6 Key Strategy 132

12.5 GENERAL ELECTRIC 132

12.5.1 COMPANY OVERVIEW 132

12.5.2 FINANCIAL OVERVIEW 133

12.5.3 PRODUCTS OFFERed 133

12.5.4 KEY DEVELOPMENTS 134

12.5.5 SWOT ANALYSIS 134

12.5.6 Key Strategy 135

12.6 SCHNEIDER ELECTRIC 136

12.6.1 COMPANY OVERVIEW 136

12.6.2 FINANCIAL OVERVIEW 137

12.6.3 PRODUCTS OFFERed 137

12.6.4 KEY DEVELOPMENTS 137

12.6.5 SWOT ANALYSIS 138

12.6.6 Key Strategy 138

12.7 SIEMENS 139

12.7.1 COMPANY OVERVIEW 139

12.7.2 FINANCIAL OVERVIEW 140

12.7.3 PRODUCTS OFFERed 140

12.7.4 KEY DEVELOPMENTS 140

12.7.5 SWOT ANALYSIS 141

12.7.6 Key Strategy 141

12.8 PANASONIC HOLDINGS CORPORATION 142

12.8.1 COMPANY OVERVIEW 142

12.8.2 FINANCIAL OVERVIEW 143

12.8.3 PRODUCTS OFFERed 143

12.8.4 KEY DEVELOPMENTS 144

12.8.5 SWOT ANALYSIS 144

12.8.6 Key Strategy 144

12.9 HONEYWELL INTERNATIONAL INC. 145

12.9.1 COMPANY OVERVIEW 145

12.9.2 FINANCIAL OVERVIEW 146

12.9.3 PRODUCTS OFFERed 146

12.9.4 KEY DEVELOPMENTS 147

12.9.5 SWOT ANALYSIS 147

12.9.6 Key Strategy 147

12.10 BYD COMPANY LIMITED 148

12.10.1 COMPANY OVERVIEW 148

12.10.2 FINANCIAL OVERVIEW 149

12.10.3 PRODUCTS OFFERed 149

12.10.4 KEY DEVELOPMENTS 149

12.10.5 SWOT ANALYSIS 150

12.10.6 Key Strategy 150

LIST OF TABLES

TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 38

TABLE 2 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 60

TABLE 3 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 62

TABLE 4 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 65

TABLE 5 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 67

TABLE 6 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY REGION, 2018-2032 (USD MILLION) 70

TABLE 7 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 72

TABLE 8 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 72

TABLE 9 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 73

TABLE 10 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 73

TABLE 11 NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 73

TABLE 12 US: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 74

TABLE 13 US: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 74

TABLE 14 US: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 74

TABLE 15 US: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 75

TABLE 16 CANADA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 75

TABLE 17 CANADA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 75

TABLE 18 CANADA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 76

TABLE 19 CANADA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 76

TABLE 20 MEXICO: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 76

TABLE 21 MEXICO: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 77

TABLE 22 MEXICO: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 77

TABLE 23 MEXICO: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 77

TABLE 24 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 79

TABLE 25 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 80

TABLE 26 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 80

TABLE 27 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 80

TABLE 28 EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 81

TABLE 29 GERMANY: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 81

TABLE 30 GERMANY: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 81

TABLE 31 GERMANY: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 82

TABLE 32 GERMANY: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 82

TABLE 33 FRANCE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 82

TABLE 34 FRANCE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 83

TABLE 35 FRANCE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 83

TABLE 36 FRANCE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 83

TABLE 37 UK: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 84

TABLE 38 UK: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 84

TABLE 39 UK: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 84

TABLE 40 UK: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 85

TABLE 41 SPAIN: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 85

TABLE 42 SPAIN: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 85

TABLE 43 SPAIN: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 86

TABLE 44 SPAIN: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 86

TABLE 45 ITALY: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 86

TABLE 46 ITALY: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 87

TABLE 47 ITALY: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 87

TABLE 48 ITALY: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 87

TABLE 49 REST OF EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 88

TABLE 50 REST OF EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 88

TABLE 51 REST OF EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 88

TABLE 52 REST OF EUROPE: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 89

TABLE 53 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 90

TABLE 54 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 91

TABLE 55 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 91

TABLE 56 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 91

TABLE 57 ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 92

TABLE 58 CHINA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 92

TABLE 59 CHINA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 92

TABLE 60 CHINA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 93

TABLE 61 CHINA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 93

TABLE 62 INDIA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 93

TABLE 63 INDIA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 94

TABLE 64 INDIA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 94

TABLE 65 INDIA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 94

TABLE 66 JAPAN: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 95

TABLE 67 JAPAN: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 95

TABLE 68 JAPAN: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 95

TABLE 69 JAPAN: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 96

TABLE 70 SOUTH KOREA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 96

TABLE 71 SOUTH KOREA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 96

TABLE 72 SOUTH KOREA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 97

TABLE 73 SOUTH KOREA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 97

TABLE 74 REST OF ASIA-PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 97

TABLE 75 REST OF ASIA-PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 98

TABLE 76 REST OF ASIA-PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 98

TABLE 77 REST OF ASIA-PACIFIC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 98

TABLE 78 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 99

TABLE 79 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 99

TABLE 80 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 100

TABLE 81 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 100

TABLE 82 SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 100

TABLE 83 BRAZIL: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 101

TABLE 84 BRAZIL: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 101

TABLE 85 BRAZIL: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 101

TABLE 86 BRAZIL: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 102

TABLE 87 ARGENTINA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 102

TABLE 88 ARGENTINA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 102

TABLE 89 ARGENTINA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 103

TABLE 90 ARGENTINA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 103

TABLE 91 REST OF SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 103

TABLE 92 REST OF SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 104

TABLE 93 REST OF SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 104

TABLE 94 REST OF SOUTH AMERICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 104

TABLE 95 MIDDLE EAST & AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 105

TABLE 96 MIDDLE EAST & AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 106

TABLE 97 MIDDLE EAST & AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 106

TABLE 98 MIDDLE EAST & AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 106

TABLE 99 MIDDLE EAST & AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 106

TABLE 100 GCC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 107

TABLE 101 GCC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 107

TABLE 102 GCC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 107

TABLE 103 GCC: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 108

TABLE 104 SOUTH AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 108

TABLE 105 SOUTH AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 108

TABLE 106 SOUTH AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 109

TABLE 107 SOUTH AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 109

TABLE 108 REST OF MIDDLE EAST & AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY TYPE, 2018-2032 (USD MILLION) 109

TABLE 109 REST OF MIDDLE EAST & AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2018-2032 (USD MILLION) 110

TABLE 110 REST OF MIDDLE EAST & AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2018-2032 (USD MILLION) 110

TABLE 111 REST OF MIDDLE EAST & AFRICA: BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2018-2032 (USD MILLION) 110

TABLE 112 COMPETITION DASHBOARD: BATTERY ENERGY STORAGE SYSTEMS MARKET 112

TABLE 113 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE BATTERY ENERGY STORAGE SYSTEMS MARKET 115

TABLE 114 LIST OF KEY PLAYERS, BY REGION 115

TABLE 115 NEW VENTURE & LAUNCH/EXPANSION 116

TABLE 116 MERGER & ACQUISITION 117

TABLE 117 PARTNERSHIP 117

TABLE 118 COLLABORATION 118

TABLE 119 HITACHI, LTD.: PRODUCTS OFFERED 120

TABLE 120 ABB.: PRODUCTS OFFERED 124

TABLE 121 ABB: KEY DEVELOPMENTS 125

TABLE 122 JAKSON: PRODUCTS OFFERED 127

TABLE 123 TOSHIBA CORPORATION: PRODUCTS OFFERED 130

TABLE 124 GENERAL ELECTRIC: PRODUCTS OFFERED 133

TABLE 125 SCHNEIDER ELECTRIC: PRODUCTS OFFERED 137

TABLE 126 SIEMENS: PRODUCTS OFFERED 140

TABLE 127 PANASONIC HOLDINGS CORPORATION.: PRODUCTS OFFERED 143

TABLE 128 HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED 146

TABLE 129 BYD COMPANY LIMITED: PRODUCTS OFFERED 149

LIST OF FIGURES

FIGURE 1 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE: STRUCTURE 25

FIGURE 2 GLOBAL BATTERY ENERGY STORAGE SYSTEM MARKET: MARKET GROWTH FACTOR ANALYSIS (2022-2032) 42

FIGURE 3 ENERGY SOURCE BASED RENEWABLE GENERATION CAPACITY (2022) 43

FIGURE 4 INVESTMENTS IN THE GRID-SCALE BATTERY STORAGE FROM 2015-2022, BY REGION 44

FIGURE 5 DRIVER IMPACT ANALYSIS (2023-2032) 45

FIGURE 6 RESTRAINT IMPACT ANALYSIS (2022-2032) 46

FIGURE 7 ELECTRIC VEHICLES SALES IN 2022, BY REGION/COUNTRY (MILLION UNITS) 48

FIGURE 8 VEHICLE GRID INTEGRATION TECHNOLOGY AND SERVICE REVENUE BY REGION (2017-2026) (USD MN) 48

FIGURE 9 IMPACT OF COVID-19 ON GLOBAL ENERGY DEMAND BY RESOURCE TYPE 50

FIGURE 10 SUPPLY CHAIN ANALYSIS: GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE 51

FIGURE 11 PORTER’S FIVE FORCES MODEL: GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE 53

FIGURE 12 IMPACT OF NEW ENERGY STORAGE TECHNOLOGIES & INNOVATIONS ON MARKET (%) 55

FIGURE 13 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE, BY BATTERY TYPE, SEGMENT ATTARCTIVENESS ANALYSIS 60

FIGURE 14 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET, BY BATTERY TYPES, 2022 (VALUE % SHARE) 60

FIGURE 15 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE, BY INDUSTRY VERTICAL, SEGMENT ATTARCTIVENESS ANALYSIS 62

FIGURE 16 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY INDUSTRY VERTICAL, 2022 (% SHARE) 63

FIGURE 17 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE, BY BATTERY CAPACITY, SEGMENT ATTARCTIVENESS ANALYSIS 65

FIGURE 18 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY BATTERY CAPACITY, 2022 (% SHARE) 65

FIGURE 19 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE, BY APPLICATION, SEGMENT ATTARCTIVENESS ANALYSIS 67

FIGURE 20 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY APPLICATION, 2022 (% SHARE) 68

FIGURE 21 GLOBAL MARKET: COMPARATIVE ANALYSIS 70

FIGURE 22 GLOBAL BATTERY ENERGY STORAGE SYSTEMS MARKET VALUE, BY REGION, 2022 (% SHARE) 71

FIGURE 23 NORTH AMERICA MARKET: COMPARATIVE ANALYSIS 72

FIGURE 24 EUROPE MARKET: COMPARATIVE ANALYSIS 79

FIGURE 25 NORTH AMERICA MARKET: COMPARATIVE ANALYSIS 90

FIGURE 26 SOUTH AMERICA MARKET: COMPARATIVE ANALYSIS 99

FIGURE 27 MIDDLE EAST & AFRICA MARKET: COMPARATIVE ANALYSIS 105

FIGURE 28 BATTERY ENERGY STORAGE SYSTEMS MAJOR PLAYERS MARKET SHARE ANALYSIS, 2022 (%) 113

FIGURE 29 BENCHMARKING OF MAJOR COMPETITORS 114

FIGURE 30 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2022 116

FIGURE 31 HITACHI, LTD.: FINANCIAL OVERVIEW SNAPSHOT 120

FIGURE 32 HITACHI, LTD.: SWOT ANALYSIS 121

FIGURE 33 ABB: FINANCIAL OVERVIEW SNAPSHOT 124

FIGURE 34 ABB.: SWOT ANALYSIS 125

FIGURE 35 JAKSON: SWOT ANALYSIS 128

FIGURE 36 TOSHIBA CORPORATION: SWOT ANALYSIS 131

FIGURE 37 GENERAL ELECTRIC: SWOT ANALYSIS 134

FIGURE 38 SCHNEIDER ELECTRIC: SWOT ANALYSIS 138

FIGURE 39 SIEMENS: FINANCIAL OVERVIEW SNAPSHOT 140

FIGURE 40 SIEMENS: SWOT ANALYSIS 141

FIGURE 41 PANASONIC HOLDINGS CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 143

FIGURE 42 PANASONIC HOLDINGS CORPORATION: SWOT ANALYSIS 144

FIGURE 43 HONEYWELL INTERNATIONAL INC.: FINANCIAL OVERVIEW SNAPSHOT 146

FIGURE 44 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS 147

FIGURE 45 BYD COMPANY LIMITED: FINANCIAL OVERVIEW SNAPSHOT 149

FIGURE 46 BYD COMPANY LIMITED: SWOT ANALYSIS 150

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