Global Battery Energy Storage System ESS Market Research Report 2023(Status and Outlook)

Global Battery Energy Storage System ESS Market Research Report 2023(Status and Outlook)



Report Overview

This report studies the Battery Energy Storage Systems (ESS) market, from angles of company, regions, product types and end industries, to analyze the status and the future. In this report, Battery Energy Storage Systems (ESS) mainly focuses on the electric ESS, instead of the mechanical ESS, thermo-dynamic ESS.

Energy storage systems are the set of methods and technologies used to store various forms of energy.

Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is generally called an accumulator or battery.

For the major players of Battery Energy Storage System (ESS), Samsung SDI maintained its first place in the ranking in 2019. Followed by LG Chem, Fluence, Hitachi and Kokam. The Top 5 players accounted for about 51% of the Global Battery Energy Storage System (ESS) revenue market share in 2019.

North America, Europe, China, South Korea, Japan are the main production areas. Asia-Pacific occupied the largest revenue market share with nearly 38% in 2019. It is followed by Europe and North America with 30% and 19% respectively.

The type of Lithium Battery Energy Storage System (ESS) including Lithium, Lead Acid, NaS and others. Lithium Battery Energy Storage System (ESS) segment is projected to account for the largest revenue market share with around 89% in 2019.

In the applications, there are Residential and Utility & Commercial. Residential segment was estimated to account for the highest market share of about 58% in 2019.

The Global Battery Energy Storage System ESS Market Size was estimated at USD 2252.90 million in 2022 and is projected to reach USD 12476.08 million by 2029, exhibiting a CAGR of 27.70% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Battery Energy Storage System ESS market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Battery Energy Storage System ESS Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Battery Energy Storage System ESS market in any manner.

Global Battery Energy Storage System ESS Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Samsung SDI

LG Chem

Fluence

Hitachi

Kokam

LSIS

SMA Solar Technology

NGK

General Electric

Primus Power

Panasonic

BYD

Younicos

ABB

Saft

Lockheed Martin Energy

Eos Energy Storage

Con Edison Solutions

Market Segmentation (by Type)

Lithium

Lead Acid

NaS

Others

Market Segmentation (by Application)

Computers/Peripherals

Telecom/Datacom Infrastructure

Consumer Electronics

Medical Electronics

Automotive Electronics

Power Supplies/DC Converters

Home Appliance

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Battery Energy Storage System ESS Market

Overview of the regional outlook of the Battery Energy Storage System ESS Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Battery Energy Storage System ESS
1.2 Key Market Segments
1.2.1 Battery Energy Storage System ESS Segment by Type
1.2.2 Battery Energy Storage System ESS Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Battery Energy Storage System ESS Market Overview
2.1 Global Market Overview
2.1.1 Global Battery Energy Storage System ESS Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Battery Energy Storage System ESS Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Battery Energy Storage System ESS Market Competitive Landscape
3.1 Global Battery Energy Storage System ESS Sales by Manufacturers (2018-2023)
3.2 Global Battery Energy Storage System ESS Revenue Market Share by Manufacturers (2018-2023)
3.3 Battery Energy Storage System ESS Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Battery Energy Storage System ESS Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Battery Energy Storage System ESS Sales Sites, Area Served, Product Type
3.6 Battery Energy Storage System ESS Market Competitive Situation and Trends
3.6.1 Battery Energy Storage System ESS Market Concentration Rate
3.6.2 Global 5 and 10 Largest Battery Energy Storage System ESS Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Battery Energy Storage System ESS Industry Chain Analysis
4.1 Battery Energy Storage System ESS Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Battery Energy Storage System ESS Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Battery Energy Storage System ESS Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Battery Energy Storage System ESS Sales Market Share by Type (2018-2023)
6.3 Global Battery Energy Storage System ESS Market Size Market Share by Type (2018-2023)
6.4 Global Battery Energy Storage System ESS Price by Type (2018-2023)
7 Battery Energy Storage System ESS Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Battery Energy Storage System ESS Market Sales by Application (2018-2023)
7.3 Global Battery Energy Storage System ESS Market Size (M USD) by Application (2018-2023)
7.4 Global Battery Energy Storage System ESS Sales Growth Rate by Application (2018-2023)
8 Battery Energy Storage System ESS Market Segmentation by Region
8.1 Global Battery Energy Storage System ESS Sales by Region
8.1.1 Global Battery Energy Storage System ESS Sales by Region
8.1.2 Global Battery Energy Storage System ESS Sales Market Share by Region
8.2 North America
8.2.1 North America Battery Energy Storage System ESS Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Battery Energy Storage System ESS Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Battery Energy Storage System ESS Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Battery Energy Storage System ESS Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Battery Energy Storage System ESS Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Samsung SDI
9.1.1 Samsung SDI Battery Energy Storage System ESS Basic Information
9.1.2 Samsung SDI Battery Energy Storage System ESS Product Overview
9.1.3 Samsung SDI Battery Energy Storage System ESS Product Market Performance
9.1.4 Samsung SDI Business Overview
9.1.5 Samsung SDI Battery Energy Storage System ESS SWOT Analysis
9.1.6 Samsung SDI Recent Developments
9.2 LG Chem
9.2.1 LG Chem Battery Energy Storage System ESS Basic Information
9.2.2 LG Chem Battery Energy Storage System ESS Product Overview
9.2.3 LG Chem Battery Energy Storage System ESS Product Market Performance
9.2.4 LG Chem Business Overview
9.2.5 LG Chem Battery Energy Storage System ESS SWOT Analysis
9.2.6 LG Chem Recent Developments
9.3 Fluence
9.3.1 Fluence Battery Energy Storage System ESS Basic Information
9.3.2 Fluence Battery Energy Storage System ESS Product Overview
9.3.3 Fluence Battery Energy Storage System ESS Product Market Performance
9.3.4 Fluence Business Overview
9.3.5 Fluence Battery Energy Storage System ESS SWOT Analysis
9.3.6 Fluence Recent Developments
9.4 Hitachi
9.4.1 Hitachi Battery Energy Storage System ESS Basic Information
9.4.2 Hitachi Battery Energy Storage System ESS Product Overview
9.4.3 Hitachi Battery Energy Storage System ESS Product Market Performance
9.4.4 Hitachi Business Overview
9.4.5 Hitachi Battery Energy Storage System ESS SWOT Analysis
9.4.6 Hitachi Recent Developments
9.5 Kokam
9.5.1 Kokam Battery Energy Storage System ESS Basic Information
9.5.2 Kokam Battery Energy Storage System ESS Product Overview
9.5.3 Kokam Battery Energy Storage System ESS Product Market Performance
9.5.4 Kokam Business Overview
9.5.5 Kokam Battery Energy Storage System ESS SWOT Analysis
9.5.6 Kokam Recent Developments
9.6 LSIS
9.6.1 LSIS Battery Energy Storage System ESS Basic Information
9.6.2 LSIS Battery Energy Storage System ESS Product Overview
9.6.3 LSIS Battery Energy Storage System ESS Product Market Performance
9.6.4 LSIS Business Overview
9.6.5 LSIS Recent Developments
9.7 SMA Solar Technology
9.7.1 SMA Solar Technology Battery Energy Storage System ESS Basic Information
9.7.2 SMA Solar Technology Battery Energy Storage System ESS Product Overview
9.7.3 SMA Solar Technology Battery Energy Storage System ESS Product Market Performance
9.7.4 SMA Solar Technology Business Overview
9.7.5 SMA Solar Technology Recent Developments
9.8 NGK
9.8.1 NGK Battery Energy Storage System ESS Basic Information
9.8.2 NGK Battery Energy Storage System ESS Product Overview
9.8.3 NGK Battery Energy Storage System ESS Product Market Performance
9.8.4 NGK Business Overview
9.8.5 NGK Recent Developments
9.9 General Electric
9.9.1 General Electric Battery Energy Storage System ESS Basic Information
9.9.2 General Electric Battery Energy Storage System ESS Product Overview
9.9.3 General Electric Battery Energy Storage System ESS Product Market Performance
9.9.4 General Electric Business Overview
9.9.5 General Electric Recent Developments
9.10 Primus Power
9.10.1 Primus Power Battery Energy Storage System ESS Basic Information
9.10.2 Primus Power Battery Energy Storage System ESS Product Overview
9.10.3 Primus Power Battery Energy Storage System ESS Product Market Performance
9.10.4 Primus Power Business Overview
9.10.5 Primus Power Recent Developments
9.11 Panasonic
9.11.1 Panasonic Battery Energy Storage System ESS Basic Information
9.11.2 Panasonic Battery Energy Storage System ESS Product Overview
9.11.3 Panasonic Battery Energy Storage System ESS Product Market Performance
9.11.4 Panasonic Business Overview
9.11.5 Panasonic Recent Developments
9.12 BYD
9.12.1 BYD Battery Energy Storage System ESS Basic Information
9.12.2 BYD Battery Energy Storage System ESS Product Overview
9.12.3 BYD Battery Energy Storage System ESS Product Market Performance
9.12.4 BYD Business Overview
9.12.5 BYD Recent Developments
9.13 Younicos
9.13.1 Younicos Battery Energy Storage System ESS Basic Information
9.13.2 Younicos Battery Energy Storage System ESS Product Overview
9.13.3 Younicos Battery Energy Storage System ESS Product Market Performance
9.13.4 Younicos Business Overview
9.13.5 Younicos Recent Developments
9.14 ABB
9.14.1 ABB Battery Energy Storage System ESS Basic Information
9.14.2 ABB Battery Energy Storage System ESS Product Overview
9.14.3 ABB Battery Energy Storage System ESS Product Market Performance
9.14.4 ABB Business Overview
9.14.5 ABB Recent Developments
9.15 Saft
9.15.1 Saft Battery Energy Storage System ESS Basic Information
9.15.2 Saft Battery Energy Storage System ESS Product Overview
9.15.3 Saft Battery Energy Storage System ESS Product Market Performance
9.15.4 Saft Business Overview
9.15.5 Saft Recent Developments
9.16 Lockheed Martin Energy
9.16.1 Lockheed Martin Energy Battery Energy Storage System ESS Basic Information
9.16.2 Lockheed Martin Energy Battery Energy Storage System ESS Product Overview
9.16.3 Lockheed Martin Energy Battery Energy Storage System ESS Product Market Performance
9.16.4 Lockheed Martin Energy Business Overview
9.16.5 Lockheed Martin Energy Recent Developments
9.17 Eos Energy Storage
9.17.1 Eos Energy Storage Battery Energy Storage System ESS Basic Information
9.17.2 Eos Energy Storage Battery Energy Storage System ESS Product Overview
9.17.3 Eos Energy Storage Battery Energy Storage System ESS Product Market Performance
9.17.4 Eos Energy Storage Business Overview
9.17.5 Eos Energy Storage Recent Developments
9.18 Con Edison Solutions
9.18.1 Con Edison Solutions Battery Energy Storage System ESS Basic Information
9.18.2 Con Edison Solutions Battery Energy Storage System ESS Product Overview
9.18.3 Con Edison Solutions Battery Energy Storage System ESS Product Market Performance
9.18.4 Con Edison Solutions Business Overview
9.18.5 Con Edison Solutions Recent Developments
10 Battery Energy Storage System ESS Market Forecast by Region
10.1 Global Battery Energy Storage System ESS Market Size Forecast
10.2 Global Battery Energy Storage System ESS Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Battery Energy Storage System ESS Market Size Forecast by Country
10.2.3 Asia Pacific Battery Energy Storage System ESS Market Size Forecast by Region
10.2.4 South America Battery Energy Storage System ESS Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Battery Energy Storage System ESS by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Battery Energy Storage System ESS Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Battery Energy Storage System ESS by Type (2024-2029)
11.1.2 Global Battery Energy Storage System ESS Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Battery Energy Storage System ESS by Type (2024-2029)
11.2 Global Battery Energy Storage System ESS Market Forecast by Application (2024-2029)
11.2.1 Global Battery Energy Storage System ESS Sales (K Units) Forecast by Application
11.2.2 Global Battery Energy Storage System ESS Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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