Global Utility-scale Battery Energy Storage Systems Market Research Report 2024(Status and Outlook)

Global Utility-scale Battery Energy Storage Systems Market Research Report 2024(Status and Outlook)



Report Overview:

Utility-scale Battery Energy Storage Systems (BESS) refer to large-scale energy storage installations designed to store electrical energy at a utility or grid level. These systems use batteries to store excess electricity generated during periods of low demand or high renewable energy output and release it when demand is high or renewable energy generation is low. Utility-scale BESS plays a crucial role in stabilizing the grid, balancing supply and demand, and enhancing the integration of renewable energy sources into the power system.

The Global Utility-scale Battery Energy Storage Systems Market Size was estimated at USD 1592.82 million in 2023 and is projected to reach USD 5874.81 million by 2029, exhibiting a CAGR of 24.30% during the forecast period.

This report provides a deep insight into the global Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems market in any manner.

Global Utility-scale Battery Energy Storage Systems 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

Trina Solar

GE

ABB

EVESCO

Wärtsilä

KORE Solutions

Merus Power

UZ

Viridi

BSLBATT

IHI

Mitsubishi

Canadian Solar

Anesco

Market Segmentation (by Type)

Lithium Iron Phosphate (LFP) Battery Energy Storage Systems

Sodium Sulphur Battery Energy Storage Systems

Others

Market Segmentation (by Application)

Industrial

Commercial

Residential

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 Utility-scale Battery Energy Storage Systems Market

Overview of the regional outlook of the Utility-scale Battery Energy Storage Systems 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

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Utility-scale Battery Energy Storage Systems Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Utility-scale Battery Energy Storage Systems
1.2 Key Market Segments
1.2.1 Utility-scale Battery Energy Storage Systems Segment by Type
1.2.2 Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems Market Overview
2.1 Global Market Overview
2.1.1 Global Utility-scale Battery Energy Storage Systems Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Utility-scale Battery Energy Storage Systems Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Utility-scale Battery Energy Storage Systems Market Competitive Landscape
3.1 Global Utility-scale Battery Energy Storage Systems Sales by Manufacturers (2019-2024)
3.2 Global Utility-scale Battery Energy Storage Systems Revenue Market Share by Manufacturers (2019-2024)
3.3 Utility-scale Battery Energy Storage Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Utility-scale Battery Energy Storage Systems Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Utility-scale Battery Energy Storage Systems Sales Sites, Area Served, Product Type
3.6 Utility-scale Battery Energy Storage Systems Market Competitive Situation and Trends
3.6.1 Utility-scale Battery Energy Storage Systems Market Concentration Rate
3.6.2 Global 5 and 10 Largest Utility-scale Battery Energy Storage Systems Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Utility-scale Battery Energy Storage Systems Industry Chain Analysis
4.1 Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Utility-scale Battery Energy Storage Systems Sales Market Share by Type (2019-2024)
6.3 Global Utility-scale Battery Energy Storage Systems Market Size Market Share by Type (2019-2024)
6.4 Global Utility-scale Battery Energy Storage Systems Price by Type (2019-2024)
7 Utility-scale Battery Energy Storage Systems Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Utility-scale Battery Energy Storage Systems Market Sales by Application (2019-2024)
7.3 Global Utility-scale Battery Energy Storage Systems Market Size (M USD) by Application (2019-2024)
7.4 Global Utility-scale Battery Energy Storage Systems Sales Growth Rate by Application (2019-2024)
8 Utility-scale Battery Energy Storage Systems Market Segmentation by Region
8.1 Global Utility-scale Battery Energy Storage Systems Sales by Region
8.1.1 Global Utility-scale Battery Energy Storage Systems Sales by Region
8.1.2 Global Utility-scale Battery Energy Storage Systems Sales Market Share by Region
8.2 North America
8.2.1 North America Utility-scale Battery Energy Storage Systems Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems 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 Utility-scale Battery Energy Storage Systems 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 Trina Solar
9.1.1 Trina Solar Utility-scale Battery Energy Storage Systems Basic Information
9.1.2 Trina Solar Utility-scale Battery Energy Storage Systems Product Overview
9.1.3 Trina Solar Utility-scale Battery Energy Storage Systems Product Market Performance
9.1.4 Trina Solar Business Overview
9.1.5 Trina Solar Utility-scale Battery Energy Storage Systems SWOT Analysis
9.1.6 Trina Solar Recent Developments
9.2 GE
9.2.1 GE Utility-scale Battery Energy Storage Systems Basic Information
9.2.2 GE Utility-scale Battery Energy Storage Systems Product Overview
9.2.3 GE Utility-scale Battery Energy Storage Systems Product Market Performance
9.2.4 GE Business Overview
9.2.5 GE Utility-scale Battery Energy Storage Systems SWOT Analysis
9.2.6 GE Recent Developments
9.3 ABB
9.3.1 ABB Utility-scale Battery Energy Storage Systems Basic Information
9.3.2 ABB Utility-scale Battery Energy Storage Systems Product Overview
9.3.3 ABB Utility-scale Battery Energy Storage Systems Product Market Performance
9.3.4 ABB Utility-scale Battery Energy Storage Systems SWOT Analysis
9.3.5 ABB Business Overview
9.3.6 ABB Recent Developments
9.4 EVESCO
9.4.1 EVESCO Utility-scale Battery Energy Storage Systems Basic Information
9.4.2 EVESCO Utility-scale Battery Energy Storage Systems Product Overview
9.4.3 EVESCO Utility-scale Battery Energy Storage Systems Product Market Performance
9.4.4 EVESCO Business Overview
9.4.5 EVESCO Recent Developments
9.5 Wärtsilä
9.5.1 Wärtsilä Utility-scale Battery Energy Storage Systems Basic Information
9.5.2 Wärtsilä Utility-scale Battery Energy Storage Systems Product Overview
9.5.3 Wärtsilä Utility-scale Battery Energy Storage Systems Product Market Performance
9.5.4 Wärtsilä Business Overview
9.5.5 Wärtsilä Recent Developments
9.6 KORE Solutions
9.6.1 KORE Solutions Utility-scale Battery Energy Storage Systems Basic Information
9.6.2 KORE Solutions Utility-scale Battery Energy Storage Systems Product Overview
9.6.3 KORE Solutions Utility-scale Battery Energy Storage Systems Product Market Performance
9.6.4 KORE Solutions Business Overview
9.6.5 KORE Solutions Recent Developments
9.7 Merus Power
9.7.1 Merus Power Utility-scale Battery Energy Storage Systems Basic Information
9.7.2 Merus Power Utility-scale Battery Energy Storage Systems Product Overview
9.7.3 Merus Power Utility-scale Battery Energy Storage Systems Product Market Performance
9.7.4 Merus Power Business Overview
9.7.5 Merus Power Recent Developments
9.8 UZ
9.8.1 UZ Utility-scale Battery Energy Storage Systems Basic Information
9.8.2 UZ Utility-scale Battery Energy Storage Systems Product Overview
9.8.3 UZ Utility-scale Battery Energy Storage Systems Product Market Performance
9.8.4 UZ Business Overview
9.8.5 UZ Recent Developments
9.9 Viridi
9.9.1 Viridi Utility-scale Battery Energy Storage Systems Basic Information
9.9.2 Viridi Utility-scale Battery Energy Storage Systems Product Overview
9.9.3 Viridi Utility-scale Battery Energy Storage Systems Product Market Performance
9.9.4 Viridi Business Overview
9.9.5 Viridi Recent Developments
9.10 BSLBATT
9.10.1 BSLBATT Utility-scale Battery Energy Storage Systems Basic Information
9.10.2 BSLBATT Utility-scale Battery Energy Storage Systems Product Overview
9.10.3 BSLBATT Utility-scale Battery Energy Storage Systems Product Market Performance
9.10.4 BSLBATT Business Overview
9.10.5 BSLBATT Recent Developments
9.11 IHI
9.11.1 IHI Utility-scale Battery Energy Storage Systems Basic Information
9.11.2 IHI Utility-scale Battery Energy Storage Systems Product Overview
9.11.3 IHI Utility-scale Battery Energy Storage Systems Product Market Performance
9.11.4 IHI Business Overview
9.11.5 IHI Recent Developments
9.12 Mitsubishi
9.12.1 Mitsubishi Utility-scale Battery Energy Storage Systems Basic Information
9.12.2 Mitsubishi Utility-scale Battery Energy Storage Systems Product Overview
9.12.3 Mitsubishi Utility-scale Battery Energy Storage Systems Product Market Performance
9.12.4 Mitsubishi Business Overview
9.12.5 Mitsubishi Recent Developments
9.13 Canadian Solar
9.13.1 Canadian Solar Utility-scale Battery Energy Storage Systems Basic Information
9.13.2 Canadian Solar Utility-scale Battery Energy Storage Systems Product Overview
9.13.3 Canadian Solar Utility-scale Battery Energy Storage Systems Product Market Performance
9.13.4 Canadian Solar Business Overview
9.13.5 Canadian Solar Recent Developments
9.14 Anesco
9.14.1 Anesco Utility-scale Battery Energy Storage Systems Basic Information
9.14.2 Anesco Utility-scale Battery Energy Storage Systems Product Overview
9.14.3 Anesco Utility-scale Battery Energy Storage Systems Product Market Performance
9.14.4 Anesco Business Overview
9.14.5 Anesco Recent Developments
10 Utility-scale Battery Energy Storage Systems Market Forecast by Region
10.1 Global Utility-scale Battery Energy Storage Systems Market Size Forecast
10.2 Global Utility-scale Battery Energy Storage Systems Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Utility-scale Battery Energy Storage Systems Market Size Forecast by Country
10.2.3 Asia Pacific Utility-scale Battery Energy Storage Systems Market Size Forecast by Region
10.2.4 South America Utility-scale Battery Energy Storage Systems Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Utility-scale Battery Energy Storage Systems by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Utility-scale Battery Energy Storage Systems Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Utility-scale Battery Energy Storage Systems by Type (2025-2030)
11.1.2 Global Utility-scale Battery Energy Storage Systems Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Utility-scale Battery Energy Storage Systems by Type (2025-2030)
11.2 Global Utility-scale Battery Energy Storage Systems Market Forecast by Application (2025-2030)
11.2.1 Global Utility-scale Battery Energy Storage Systems Sales (K Units) Forecast by Application
11.2.2 Global Utility-scale Battery Energy Storage Systems Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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