Batteries in Power - Thematic Intelligence Summary Battery technology-in the form of a battery energy storage system (BESS)—is scaling up in the power sector due to its economical storage of energy. Storage systems, when integrated with solar or wind energy, can store excessive energy and discharge it as and when required, benefitting the power sector in various ways. BESS deployments are already happening on a very large scale. The battery energy storage market registered a cumulative deployment of 36.7GW at the end of 2023. With growing demand for battery energy storage on a global scale, GlobalData estimates the BESS deployment is expected to reach 127GW by 2027. Scope - The report focuses on batteries in power as a theme. - It provides an industry analysis on how big the batteries theme is and how fast it will grow in the coming years. - The report provides lithium-ion batteries market size and growth forecast. - The report delivers technology briefing on batteries. - It provides a snapshot on how batteries will play a significant role in energy transition. - The report covers patents trends and venture financing trends in power. - The report provides a global market outlook for battery energy storage systems. - The report discusses on the uses cases of battery energy storage by power utilities. - It contains details of M&A deals driven by batteries theme, and a timeline highlighting milestones for batteries. - The report focus on the trends related to batteries as a theme in power, technology, macroeconomic and regulatory trends. - The report also includes an overview of competitive positions held by power utility companies adopting battery energy storage. Reasons to Buy The report provides - - A detailed analysis on the growing batteries market in the power sector. - The report delivers an insight on the leading players in batteries theme by end-user market and where do they fit in the value chain. - The report provides an overview of the leaders and challengers in the batteries value chain. - A briefing on detailed analysis of batteries value chain. - An overview on the global market outlook along with regional outlook on battery energy storage system. - The report discusses how incentivizing will help adoption of battery energy storage systems. - Company profiles of leading adopters of battery energy storage in power sector. - A snapshot of power sector scorecard predicting the position of leading power companies in batteries theme.
- Executive Summary
- Players
- Technology Briefing
- It is all about energy, and batteries store it
- Batteries convert chemical energy into electrical energy
- There are many different battery technologies
- What happens after a battery is used up?
- There are alternatives to batteries
- Ultracapacitors
- Thermal energy storage systems
- Trends
- Power trends
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Industry Analysis
- Market size and growth forecasts
- The industry needs to build a more sustainable supply chain
- EV growth requires gigafactory investment
- There are many challenges in the factory
- The battery industry is likely to consolidate…
- …increasing the risks of crowding out…
- …and compounding raw material problems
- Some players are turning to AI and quantum computing
- Recycling is imperative
- Different battery chemistries are taking off in different geographies
- Impact of batteries on the power sector
- Batteries will play a key role in the energy transition
- Key benefits of battery energy storage to the power industry
- Incentivizing the adoption of battery energy storage systems
- Global market outlook for battery energy storage systems
- The global BESS market will reach $14.89 billion by 2027
- China will lead the battery energy storage system market
- Regional overview of the global BESS market
- The global market volume of BESS will reach 127GW in 2027
- Use cases
- Alliant Energy’s energy storage dome
- Dominion Energy’s battery storage project
- Edison International’s hybrid EGT
- Eskom’s Hex BESS
- Iberdrola’s commercial scale battery system
- Naturgy’s battery storage facility
- RWE’s battery project at the Neurath power plant
- SSE’s battery energy storage system
- TVA’s battery energy storage system
- Timeline
- Signals
- M&A trends
- Venture financing trends
- Patent trends
- Value Chain
- Raw materials
- Smelting and refining
- Component makers
- Battery technologies
- End markets
- End of life
- Companies
- Power companies
- Sector Scorecards
- Power sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: There are many different battery technologies
- Table 2: Power trends
- Table 3: Technology trends
- Table 4: Macroeconomic trends
- Table 5: Regulatory trends
- Table 6: Key M&A transactions associated with the batteries theme
- Table 7: Power companies
- Table 8: Glossary
- Table 9: GlobalData reports
- List of Figures
- Figure 1: Who are the leading players in the batteries theme by the end-user market?
- Figure 2: Who are the leading players in the batteries theme by the end-user market?
- Figure 3: Electrons flow from the anode to the cathode during discharge
- Figure 4: Advanced battery chemistries span the periodic table
- Figure 5: The Li-ion battery market will grow to over $400 billion by 2035
- Figure 6: EV battery gigafactory capacity development by country, 2022-2030
- Figure 7: China’s battery energy storage capacity will reach 54.8GW by 2027
- Figure 8: Region-wise comparison on battery energy storage installed capacity, 2023-2027
- Figure 9: Battery energy storage market global market volume, 2023-2027
- Figure 10: The Li-ion battery market will grow to over $400 billion by 2035
- Figure 11: A view of Dominion Energy’s battery project site
- Figure 12: Battery energy storage system coupled with gas turbine
- Figure 13: A top view of ENGIE’s BESS
- Figure 14: An aerial view of the Hex BESS project
- Figure 15: Batteries installed at Iberdrola’s site
- Figure 16: Engineers inspecting the battery storage facility
- Figure 17: A battery pack being erected at the site
- Figure 18: A battery energy storage system
- Figure 19: The battery energy storage system installed at the site
- Figure 20: The battery story
- Figure 21: The battery energy storage deal trend is increasing
- Figure 22: The increase in patent activity is driving growth in the adoption of battery energy storage
- Figure 23: Battery energy storage activities will continue to increase in the power industry
- Figure 24: The batteries value chain
- Figure 25: Batteries value chain: battery raw materials
- Figure 26: Batteries value chain: smelting and refining
- Figure 27: Batteries value chain: component makers
- Figure 28: Batteries value chain: battery technologies
- Figure 29: Batteries value chain: end markets
- Figure 30: Batteries value chain: end of life
- Figure 31: Who does what in the power space?
- Figure 32: Thematic screen
- Figure 33: Valuation screen
- Figure 34: Risk screen
- Figure 35: Our five-step approach for generating a sector scorecard
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