Global Battery Market for Energy Storage Systems Market 2023-2027

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	174 Pages	TechNavio	February, 2023	INF17792685

Best Price Guarantee
Price	from $2,500
Length	174 Pages
Publisher	TechNavio
Published Date	February, 2023
SKU	INF17792685

Global Battery Market for Energy Storage Systems (ESS) Market 2023-2027

Technavio has been monitoring the battery market for energy storage systems (ESS) market and is forecast to grow by $32,194.03 mn during 2022-2027, accelerating at a CAGR of 35.38% during the forecast period. Our report on the battery market for energy storage systems (ESS) market 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 change in energy mix, increased need for backup power, and increasing economic benefits of ess.

Technavio's battery market for energy storage systems (ESS) market is segmented as below:

By Connectivity

On-grid
Off-grid

By Technology

Lithium-ion batteries
Flow batteries
Others

By Geography

APAC
North America
Europe
Middle East and Africa
South America

This study identifies the increased adoption of microgrids as one of the prime reasons driving the battery market for energy storage systems (ESS) market growth during the next few years. Also, declining costs of battery storage systems and requirement of continuous power supply in datacenters will lead to sizable demand in the market.

Technavio 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. Our report on the battery market for energy storage systems (ESS) market covers the following areas:

Battery market for energy storage systems (ESS) market sizing
Battery market for energy storage systems (ESS) market forecast
Battery market for energy storage systems (ESS) market industry analysis

Technavio's 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 battery market for energy storage systems (ESS) market vendors that include ABB Ltd., AEG Power Solutions BV, Corvus Energy, East Penn Manufacturing Co. Inc., Exergonix Inc., General Electric Co., Hitachi Ltd., LG Corp., Mitsubishi Heavy Industries Ltd., Morimura Bros Inc., NEC Corp., PHL Group Inc., Siemens AG, SolarEdge Technologies Inc., TDK Corp., Tesla Inc., AES Corp., Toshiba Corp., Panasonic Holdings Corp., and Samsung Electronics Co. Ltd. Also, the battery market for energy storage systems (ESS) market 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.

Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast 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 Global Market Characteristics
  - Table Executive Summary - Chart on Market by Geography
  - Table Executive Summary - Chart on Market Segmentation by Connectivity
  - Table Executive Summary - Chart on Market Segmentation by Technology
  - 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 2022
- Market outlook: Forecast for 2022-2027
  - Table Chart on Global - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
  - Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Historic Market Size
- Global battery market for energy storage systems (ESS) market 2017 - 2021
  - Table Historic Market Size - Data Table on Global battery market for energy storage systems (ESS) market 2017 - 2021 ($ million)
- Connectivity Segment Analysis 2017 - 2021
  - Table Historic Market Size - Connectivity Segment 2017 - 2021 ($ million)
- Technology Segment Analysis 2017 - 2021
  - Table Historic Market Size - Technology Segment 2017 - 2021 ($ million)
- Geography Segment Analysis 2017 - 2021
  - Table Historic Market Size - Geography Segment 2017 - 2021 ($ million)
- Country Segment Analysis 2017 - 2021
  - Table Historic Market Size - Country Segment 2017 - 2021 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2022 and 2027
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
- Bargaining power of suppliers
  - Table Bargaining power of suppliers - Impact of key factors in 2022 and 2027
- Threat of new entrants
  - Table Threat of new entrants - Impact of key factors in 2022 and 2027
- Threat of substitutes
  - Table Threat of substitutes - Impact of key factors in 2022 and 2027
- Threat of rivalry
  - Table Threat of rivalry - Impact of key factors in 2022 and 2027
- Market condition
  - Table Chart on Market condition - Five forces 2022 and 2027
Market Segmentation by Connectivity
- Market segments
  - Table Chart on Connectivity - Market share 2022-2027 (%)
  - Table Data Table on Connectivity - Market share 2022-2027 (%)
- Comparison by Connectivity
  - Table Chart on Comparison by Connectivity
  - Table Data Table on Comparison by Connectivity
- On-grid - Market size and forecast 2022-2027
  - Table Chart on On-grid - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on On-grid - Market size and forecast 2022-2027 ($ million)
  - Table Chart on On-grid - Year-over-year growth 2022-2027 (%)
  - Table Data Table on On-grid - Year-over-year growth 2022-2027 (%)
- Off-grid - Market size and forecast 2022-2027
  - Table Chart on Off-grid - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Off-grid - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Off-grid - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Off-grid - Year-over-year growth 2022-2027 (%)
- Market opportunity by Connectivity
  - Table Market opportunity by Connectivity ($ million)
  - Table Data Table on Market opportunity by Connectivity ($ million)
Market Segmentation by Technology
- Market segments
  - Table Chart on Technology - Market share 2022-2027 (%)
  - Table Data Table on Technology - Market share 2022-2027 (%)
- Comparison by Technology
  - Table Chart on Comparison by Technology
  - Table Data Table on Comparison by Technology
- Lithium-ion batteries - Market size and forecast 2022- 2027
  - Table Chart on Lithium-ion batteries - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Lithium-ion batteries - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
- Flow batteries - Market size and forecast 2022-2027
  - Table Chart on Flow batteries - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Flow batteries - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Flow batteries - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Flow batteries - Year-over-year growth 2022-2027 (%)
- Others - Market size and forecast 2022-2027
  - Table Chart on Others - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Others - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Others - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Others - Year-over-year growth 2022-2027 (%)
- Market opportunity by Technology
  - Table Market opportunity by Technology ($ million)
  - Table Data Table on Market opportunity by Technology ($ 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 2022-2027 (%)
  - Table Data Table on Market share by geography 2022-2027 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2022-2027
  - Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
  - Table Chart on APAC - Year-over-year growth 2022-2027 (%)
  - Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
- North America - Market size and forecast 2022-2027
  - Table Chart on North America - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
  - Table Chart on North America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on North America - Year-over-year growth 2022-2027 (%)
- Europe - Market size and forecast 2022-2027
  - Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Europe - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
- Middle East and Africa - Market size and forecast 2022- 2027
  - Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- South America - Market size and forecast 2022-2027
  - Table Chart on South America - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
  - Table Chart on South America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on South America - Year-over-year growth 2022-2027 (%)
- China - Market size and forecast 2022-2027
  - Table Chart on China - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on China - Market size and forecast 2022-2027 ($ million)
  - Table Chart on China - Year-over-year growth 2022-2027 (%)
  - Table Data Table on China - Year-over-year growth 2022-2027 (%)
- US - Market size and forecast 2022-2027
  - Table Chart on US - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on US - Market size and forecast 2022-2027 ($ million)
  - Table Chart on US - Year-over-year growth 2022-2027 (%)
  - Table Data Table on US - Year-over-year growth 2022-2027 (%)
- Australia - Market size and forecast 2022-2027
  - Table Chart on Australia - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Australia - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Australia - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Australia - Year-over-year growth 2022-2027 (%)
- UK - Market size and forecast 2022-2027
  - Table Chart on UK - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
  - Table Chart on UK - Year-over-year growth 2022-2027 (%)
  - Table Data Table on UK - Year-over-year growth 2022-2027 (%)
- Germany - Market size and forecast 2022-2027
  - Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Germany - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Change in energy mix
  - Increased need for backup power
  - Increasing economic benefits of ESS
- Market challenges
  - Widening demand-supply disparity with regard to lithium
  - Stringent regulations against lead pollution
  - Fluctuations in diesel fuel prices
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2022 and 2027
- Market trends
  - Increased adoption of microgrids
  - Declining costs of battery storage systems
  - Requirement of continuous power supply in datacenters
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
- ABB Ltd.
  - Table ABB Ltd. - Overview
  - Table ABB Ltd. - Business segments
  - Table ABB Ltd. - Key offerings
  - Table ABB Ltd. - Segment focus
- AEG Power Solutions BV
  - Table AEG Power Solutions BV - Overview
  - Table AEG Power Solutions BV - Product / Service
  - Table AEG Power Solutions BV - Key offerings
- AES Corp.
  - Table AES Corp. - Overview
  - Table AES Corp. - Business segments
  - Table AES Corp. - Key offerings
  - Table AES Corp. - Segment focus
- Corvus Energy
  - Table Corvus Energy - Overview
  - Table Corvus Energy - Product / Service
  - Table Corvus Energy - Key offerings
- East Penn Manufacturing Co. Inc.
  - Table East Penn Manufacturing Co. Inc. - Overview
  - Table East Penn Manufacturing Co. Inc. - Product / Service
  - Table East Penn Manufacturing Co. Inc. - Key news
  - Table East Penn Manufacturing Co. Inc. - Key offerings
- Exergonix Inc.
  - Table Exergonix Inc. - Overview
  - Table Exergonix Inc. - Product / Service
  - Table Exergonix Inc. - Key offerings
- General Electric Co.
  - Table General Electric Co. - Overview
  - Table General Electric Co. - Business segments
  - Table General Electric Co. - Key news
  - Table General Electric Co. - Key offerings
  - Table General Electric Co. - Segment focus
- Hitachi Ltd.
  - Table Hitachi Ltd. - Overview
  - Table Hitachi Ltd. - Business segments
  - Table Hitachi Ltd. - Key news
  - Table Hitachi Ltd. - Key offerings
  - Table Hitachi Ltd. - Segment focus
- LG Corp.
  - Table LG Corp. - Overview
  - Table LG Corp. - Business segments
  - Table LG Corp. - Key offerings
  - Table LG Corp. - Segment focus
- NEC Corp.
  - Table NEC Corp. - Overview
  - Table NEC Corp. - Business segments
  - Table NEC Corp. - Key news
  - Table NEC Corp. - Key offerings
  - Table NEC Corp. - Segment focus
- 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
- 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
- SolarEdge Technologies Inc.
  - Table SolarEdge Technologies Inc. - Overview
  - Table SolarEdge Technologies Inc. - Business segments
  - Table SolarEdge Technologies Inc. - Key news
  - Table SolarEdge Technologies Inc. - Key offerings
  - Table SolarEdge Technologies Inc. - Segment focus
- Tesla Inc.
  - Table Tesla Inc. - Overview
  - Table Tesla Inc. - Business segments
  - Table Tesla Inc. - Key news
  - Table Tesla Inc. - Key offerings
  - Table Tesla Inc. - 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