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Global Advanced Battery Energy Storage System Market Size study, by Technology (Solid State Batteries, Flow Battery, Thermal Energy Storage, Pumped Hydro Storage), by Application (Residential, Commercial, Industrial, Utility) and Regional Forecasts 2020-2027

  • BIZ4192943
  • 200 Pages
  • February 2021
  • Energy and Power
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Global Advanced Battery Energy Storage System Market is valued at approximately USD 151.96 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2020-2027. Battery energy storage systems can store viable amount of energy from renewable sources, such as wind and sun. This means that the power grids can be supplied, through using clean, natural sources, preserving on energy production costs, and preventing the distribution of pollutants into the environment. Power storage is a benefit as a consequence of its swift response and as compared to any fossil fuel, storage technologies can deliver energy much more rapidly. This is a vital benefit particularly when the consumption of electricity increases and surpasses the supply. Therefore, rising focus toward improving the cost competitiveness of the power grid by safeguarding high stability, coupled with extensive adoption of clean energy sources will strengthen the demand for advanced battery energy storage system market. For instance, the government of Saudi Arabia has announced the initiative for renewable energy funding of USD 28 billion in October 2019 that offers a loan as high as 1.2 billion riyals (USD 0.32 billion) for clean energy projects. Thus, the increased availability of funds and grant for clean energy projects may fuel the demand for advanced battery energy storage system market. Utilization of sophisticated batteries in electric vehicles and fuel-based vehicles can allow fuel-efficient and cost-effective method for powering the vehicles. Therefore, the rise in production and sales of automotive vehicles, along with growing demand for technologically advanced grid infrastructure are the few factors responsible for the high CAGR of the market during the forecast period. For instance, the Edison Electric Institute (EEI) found that the global sale of electric vehicles (EVs) was almost 312,000 units in first quarter of 2018, indicating an increase of 58% from first quarter of 2017 (197,000 units). Likewise, as per the Bloomberg New Energy Finance (BNEF) report 2019, the sales of electric vehicles likely to reach almost 54 million by the year 2040 worldwide, which is nearly 32% of the world passenger vehicles. Therefore, the healthy growing sales of electric vehicles is likely to create huge demand for sophisticated battery energy storage system to enhance the switching speed while avoiding power losses, resulting in higher market growth over the forecast period. However, the high capital investment, coupled with the concern on environment safety are the few factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Advanced Battery Energy Storage System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the rising government support to implement advanced solutions in grid network, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising application of these systems in electric vehicles and increasing power demand across developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the advanced battery energy storage system market in the Asia-Pacific region.

Major market player included in this report are:

ABB Ltd.

AES Corp.

Ecoult Energy Storage Solutions

LG Chem Ltd.

Lockheed Martin

GS Yuasa Corp.

Samsung SDI Co.

General Electric

Mitsubishi Heavy Industries

Panasonic Corp.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Solid State Batteries

Flow Battery

Thermal Energy Storage

Pumped Hydro Storage

By Application:

Residential

Commercial

Industrial

Utility

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027

Target Audience of the Global Advanced Battery Energy Storage System Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. Advanced Battery Energy Storage System Market, by Region, 2018-2027 (USD Billion)

1.2.2. Advanced Battery Energy Storage System Market, by Technology, 2018-2027 (USD Billion)

1.2.3. Advanced Battery Energy Storage System Market, by Application, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Advanced Battery Energy Storage System Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Advanced Battery Energy Storage System Market Dynamics

3.1. Advanced Battery Energy Storage System Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global Advanced Battery Energy Storage System Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Advanced Battery Energy Storage System Market, by Technology

5.1. Market Snapshot

5.2. Global Advanced Battery Energy Storage System Market by Technology, Performance - Potential Analysis

5.3. Global Advanced Battery Energy Storage System Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)

5.4. Advanced Battery Energy Storage System Market, Sub Segment Analysis

5.4.1. Solid State Batteries

5.4.2. Flow Battery

5.4.3. Thermal Energy Storage

5.4.4. Pumped Hydro Storage

Chapter 6. Global Advanced Battery Energy Storage System Market, by Application

6.1. Market Snapshot

6.2. Global Advanced Battery Energy Storage System Market by Application, Performance - Potential Analysis

6.3. Global Advanced Battery Energy Storage System Market Estimates & Forecasts by Application 2017-2027 (USD Billion)

6.4. Advanced Battery Energy Storage System Market, Sub Segment Analysis

6.4.1. Residential

6.4.2. Commercial

6.4.3. Industrial

6.4.4. Utility

Chapter 7. Global Advanced Battery Energy Storage System Market, Regional Analysis

7.1. Advanced Battery Energy Storage System Market, Regional Market Snapshot

7.2. North America Advanced Battery Energy Storage System Market

7.2.1. U.S. Advanced Battery Energy Storage System Market

7.2.1.1. Technology breakdown estimates & forecasts, 2017-2027

7.2.1.2. Application breakdown estimates & forecasts, 2017-2027

7.2.2. Canada Advanced Battery Energy Storage System Market

7.3. Europe Advanced Battery Energy Storage System Market Snapshot

7.3.1. U.K. Advanced Battery Energy Storage System Market

7.3.2. Germany Advanced Battery Energy Storage System Market

7.3.3. France Advanced Battery Energy Storage System Market

7.3.4. Spain Advanced Battery Energy Storage System Market

7.3.5. Italy Advanced Battery Energy Storage System Market

7.3.6. Rest of Europe Advanced Battery Energy Storage System Market

7.4. Asia-Pacific Advanced Battery Energy Storage System Market Snapshot

7.4.1. China Advanced Battery Energy Storage System Market

7.4.2. India Advanced Battery Energy Storage System Market

7.4.3. Japan Advanced Battery Energy Storage System Market

7.4.4. Australia Advanced Battery Energy Storage System Market

7.4.5. South Korea Advanced Battery Energy Storage System Market

7.4.6. Rest of Asia Pacific Advanced Battery Energy Storage System Market

7.5. Latin America Advanced Battery Energy Storage System Market Snapshot

7.5.1. Brazil Advanced Battery Energy Storage System Market

7.5.2. Mexico Advanced Battery Energy Storage System Market

7.6. Rest of The World Advanced Battery Energy Storage System Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies

8.2. Company Profiles

8.2.1. ABB Ltd.

8.2.1.1. Key Information

8.2.1.2. Overview

8.2.1.3. Financial (Subject to Data Availability)

8.2.1.4. Product Summary

8.2.1.5. Recent Developments

8.2.2. AES Corp.

8.2.3. Ecoult Energy Storage Solutions

8.2.4. LG Chem Ltd.

8.2.5. Lockheed Martin

8.2.6. GS Yuasa Corp.

8.2.7. Samsung SDI Co.

8.2.8. General Electric

8.2.9. Mitsubishi Heavy Industries

8.2.10. Panasonic Corp.

Chapter 9. Research Process

9.1. Research Process

9.1.1. Data Mining

9.1.2. Analysis

9.1.3. Market Estimation

9.1.4. Validation

9.1.5. Publishing

9.2. Research Attributes

9.3. Research Assumption

List of Tables

TABLE 1. Global Advanced Battery Energy Storage System market, report scope

TABLE 2. Global Advanced Battery Energy Storage System market estimates & forecasts by region 2017-2027 (USD Billion)

TABLE 3. Global Advanced Battery Energy Storage System market estimates & forecasts by Technology 2017-2027 (USD Billion)

TABLE 4. Global Advanced Battery Energy Storage System market estimates & forecasts by Application 2017-2027 (USD Billion)

TABLE 5. Global Advanced Battery Energy Storage System market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 6. Global Advanced Battery Energy Storage System market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 7. Global Advanced Battery Energy Storage System market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 8. Global Advanced Battery Energy Storage System market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 9. Global Advanced Battery Energy Storage System market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 10. Global Advanced Battery Energy Storage System market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 11. Global Advanced Battery Energy Storage System market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 12. Global Advanced Battery Energy Storage System market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 13. Global Advanced Battery Energy Storage System market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 14. Global Advanced Battery Energy Storage System market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 15. Global Advanced Battery Energy Storage System market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 16. Global Advanced Battery Energy Storage System market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 17. Global Advanced Battery Energy Storage System market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 18. Global Advanced Battery Energy Storage System market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 19. Global Advanced Battery Energy Storage System market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 20. Global Advanced Battery Energy Storage System market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 21. U.S. Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 22. U.S. Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 23. U.S. Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 24. Canada Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 25. Canada Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 26. Canada Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 27. UK Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 28. UK Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 29. UK Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 30. Germany Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 31. Germany Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 32. Germany Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 33. France Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 34. France Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 35. France Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 36. Spain Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 37. Spain Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 38. Spain Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 39. Italy Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 40. Italy Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 41. Italy Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 42. ROE Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 43. ROE Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 44. ROE Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 45. China Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 46. China Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 47. China Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 48. India Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 49. India Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 50. India Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 51. Japan Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 52. Japan Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 53. Japan Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 54. Australia Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 55. Australia Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 56. Australia Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 57. South Korea Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 58. South Korea Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 59. South Korea Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 60. ROPAC Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 61. ROPAC Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 62. ROPAC Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 63. Brazil Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 64. Brazil Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 65. Brazil Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 66. Mexico Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 67. Mexico Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 68. Mexico Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 69. ROLA Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 70. ROLA Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 71. ROLA Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 72. ROW Advanced Battery Energy Storage System market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 73. ROW Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 74. ROW Advanced Battery Energy Storage System market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 75. List of secondary sources, used in the study of global Advanced Battery Energy Storage System market

TABLE 76. List of primary sources, used in the study of global Advanced Battery Energy Storage System market

TABLE 77. Years considered for the study

TABLE 78. Exchange rates considered

 
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