Energy Storage Systems Market in Europe 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	151 Pages	TechNavio	March, 2024	INF18623306

Best Price Guarantee
Price	from $2,500
Length	151 Pages
Publisher	TechNavio
Published Date	March, 2024
SKU	INF18623306

Energy Storage Systems Market In Europe 2024-2028

The energy storage systems market in Europe is forecasted to grow by USD 14.78 bn during 2023-2028, accelerating at a CAGR of 17.87% during the forecast period. The report on the energy storage systems market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing economic benefits of energy storage systems, rising demand for stable and reliable power supply, and inclination toward adoption of energy storage systems in rural areas.

Technavio's energy storage systems market in Europe is segmented as below:

By Application

Residential
Commercial
industrial

By Type

Batteries
Pumped storage hydroelectricity
Thermal energy storage
Flywheel energy storage

This study identifies the increased adoption of microgrids in battery energy storage systems as one of the prime reasons driving the energy storage systems market in Europe growth during the next few years. Also, integration of multiple storage technologies and rising demand for continuous power supply from data centers will lead to sizable demand in the market.

The report on the energy storage systems market in Europe covers the following areas:

Energy storage systems market in Europe sizing
Energy storage systems market in Europe forecast
Energy storage systems market in Europe industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading energy storage systems market in Europe vendors that include BYD Co. Ltd., CMBlu Energy AG, Contemporary Amperex Technology Co. Ltd., Deutsche Telekom AG, EnBW Energie Baden Wurttemberg AG, Enel Spa, GS Yuasa International Ltd., Iberdrola SA, Impala, Innovo Renewables S.p.a., Invinity Energy Systems plc, LG Electronics Inc., Panasonic Holdings Corp., RWE AG, Samsung Electronics Co. Ltd., Siemens AG, SSE Plc, Toshiba Corp., TotalEnergies SE, and Wartsila Corp.. Also, the energy storage systems market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Country Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Application
  - Table Executive Summary – Chart on Market Segmentation by Type
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Regional - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Historic Market Size
- Energy storage systems market in Europe 2018 - 2022
  - Table Historic Market Size – Data table on energy storage systems market in Europe 2018 - 2022 ($ million)
- Application Segment Analysis 2018 - 2022
  - Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
- Type Segment Analysis 2018 - 2022
  - Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Application
- Market segments
  - Table Chart on Application - Market share 2023-2028 (%)
  - Table Data Table on Application - Market share 2023-2028 (%)
- Comparison by Application
  - Table Chart on Comparison by Application
  - Table Data Table on Comparison by Application
- Residential - Market size and forecast 2023-2028
  - Table Chart on Residential - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Residential - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Residential - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Residential - Year-over-year growth 2023-2028 (%)
- Commercial and industrial - Market size and forecast 2023-2028
  - Table Chart on Commercial and industrial - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Commercial and industrial - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Commercial and industrial - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Commercial and industrial - Year-over-year growth 2023-2028 (%)
- Market opportunity by Application
  - Table Market opportunity by Application ($ million)
  - Table Data Table on Market opportunity by Application ($ million)
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2023-2028 (%)
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- Batteries - Market size and forecast 2023-2028
  - Table Chart on Batteries - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Batteries - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Batteries - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Batteries - Year-over-year growth 2023-2028 (%)
- Pumped storage hydroelectricity - Market size and forecast 2023-2028
  - Table Chart on Pumped storage hydroelectricity - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Pumped storage hydroelectricity - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Pumped storage hydroelectricity - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Pumped storage hydroelectricity - Year-over-year growth 2023-2028 (%)
- Thermal energy storage - Market size and forecast 2023- 2028
  - Table Chart on Thermal energy storage - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Thermal energy storage - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Thermal energy storage - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Thermal energy storage - Year-over-year growth 2023-2028 (%)
- Flywheel energy storage - Market size and forecast 2023- 2028
  - Table Chart on Flywheel energy storage - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Flywheel energy storage - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Flywheel energy storage - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Flywheel energy storage - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ million)
  - Table Data Table on Market opportunity by Type ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography - 2023-2028 (%)
  - Table Data Table on Market share by geography - 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
  - Table Chart on UK - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
  - Table Chart on UK - Year-over-year growth 2023-2028 (%)
  - Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- France - Market size and forecast 2023-2028
  - Table Chart on France - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on France - Market size and forecast 2023-2028 ($ million)
  - Table Chart on France - Year-over-year growth 2023-2028 (%)
  - Table Data Table on France - Year-over-year growth 2023-2028 (%)
- Italy - Market size and forecast 2023-2028
  - Table Chart on Italy - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Italy - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Italy - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Italy - Year-over-year growth 2023-2028 (%)
- Rest of Europe - Market size and forecast 2023-2028
  - Table Chart on Rest of Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Table on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Increasing economic benefits of energy storage systems
  - Rising demand for stable and reliable power supply
- Market challenges
  - High initial costs and uncertainty regarding long-term returns of energy storage systems
  - Limited energy density and cycle life of energy storage systems
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Increased adoption of microgrids in battery energy storage systems
  - Integration of multiple storage technologies
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- BYD Co. Ltd.
  - Table BYD Co. Ltd. - Overview
  - Table BYD Co. Ltd. - Business segments
  - Table BYD Co. Ltd. - Key offerings
  - Table BYD Co. Ltd. - Segment focus
- Contemporary Amperex Technology Co. Ltd.
  - Table Contemporary Amperex Technology Co. Ltd. - Overview
  - Table Contemporary Amperex Technology Co. Ltd. - Product / Service
  - Table Contemporary Amperex Technology Co. Ltd. - Key offerings
- EnBW Energie Baden Wurttemberg AG
  - Table EnBW Energie Baden Wurttemberg AG - Overview
  - Table EnBW Energie Baden Wurttemberg AG - Business segments
  - Table EnBW Energie Baden Wurttemberg AG - Key offerings
  - Table EnBW Energie Baden Wurttemberg AG - Segment focus
- Enel Spa
  - Table Enel Spa - Overview
  - Table Enel Spa - Product / Service
  - Table Enel Spa - Key offerings
- GS Yuasa International Ltd.
  - Table GS Yuasa International Ltd. - Overview
  - Table GS Yuasa International Ltd. - Business segments
  - Table GS Yuasa International Ltd. - Key offerings
  - Table GS Yuasa International Ltd. - Segment focus
- Impala
  - Table Impala - Overview
  - Table Impala - Product / Service
  - Table Impala - Key offerings
- LG Electronics Inc.
  - Table LG Electronics Inc. - Overview
  - Table LG Electronics Inc. - Product / Service
  - Table LG Electronics Inc. - Key offerings
- Panasonic Holdings Corp.
  - Table Panasonic Holdings Corp. - Overview
  - Table Panasonic Holdings Corp. - Business segments
  - Table Panasonic Holdings Corp. - Key news
  - Table Panasonic Holdings Corp. - Key offerings
  - Table Panasonic Holdings Corp. - Segment focus
- RWE AG
  - Table RWE AG - Overview
  - Table RWE AG - Business segments
  - Table RWE AG - Key offerings
  - Table RWE AG - Segment focus
- Samsung Electronics Co. Ltd.
  - Table Samsung Electronics Co. Ltd. - Overview
  - Table Samsung Electronics Co. Ltd. - Business segments
  - Table Samsung Electronics Co. Ltd. - Key news
  - Table Samsung Electronics Co. Ltd. - Key offerings
  - Table Samsung Electronics Co. Ltd. - Segment focus
- Siemens AG
  - Table Siemens AG - Overview
  - Table Siemens AG - Business segments
  - Table Siemens AG - Key news
  - Table Siemens AG - Key offerings
  - Table Siemens AG - Segment focus
- SSE Plc
  - Table SSE Plc - Overview
  - Table SSE Plc - Product / Service
  - Table SSE Plc - Key offerings
- Toshiba Corp.
  - Table Toshiba Corp. - Overview
  - Table Toshiba Corp. - Business segments
  - Table Toshiba Corp. - Key news
  - Table Toshiba Corp. - Key offerings
  - Table Toshiba Corp. - Segment focus
- TotalEnergies SE
  - Table TotalEnergies SE - Overview
  - Table TotalEnergies SE - Business segments
  - Table TotalEnergies SE - Key offerings
  - Table TotalEnergies SE - Segment focus
- Wartsila Corp.
  - Table Wartsila Corp. - Overview
  - Table Wartsila Corp. - Business segments
  - Table Wartsila Corp. - Key offerings
  - Table Wartsila Corp. - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations