Global Battery Market for Energy Storage Systems (ESS) Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	175 Pages	TechNavio	December, 2023	INF18379570

Best Price Guarantee
Price	from $2,500
Length	175 Pages
Publisher	TechNavio
Published Date	December, 2023
SKU	INF18379570

Global Battery For Energy Storage Systems (ESS) Market 2024-2028

The battery for energy storage systems (ESS) market is forecasted to grow by USD 47.19 bn during 2023-2028, accelerating at a CAGR of 37.62% during the forecast period. The report on the battery 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 changing energy mix from fossil fuels to stainable and renewable energy resources, increased need for backup power, and increasing economic benefits of ess.

Technavio's battery 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 Geographical Landscape

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 for energy storage systems (ESS) market growth during the next few years. Also, declining costs of battery storage systems and the requirement of continuous power supply in data centers will lead to sizable demand in the market.

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

Battery for energy storage systems (ESS) market sizing
Battery for energy storage systems (ESS) market forecast
Battery for energy storage systems (ESS) market 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 battery for energy storage systems (ess) market vendors that include ABB Ltd., AEG Power Solutions BV, Corvus Energy, dSPACE GmbH, East Penn Manufacturing Co. Inc., Exergonix Inc., General Electric Co., Hitachi Ltd., LG Electronics Inc., Mitsubishi Heavy Industries Ltd., NEC Corp., Panasonic Holdings Corp., Philadelphia Scientific LLC, Samsung SDI Co. Ltd., Siemens Energy AG, SolarEdge Technologies Inc., TDK Corp., Tesla Inc., The AES Corp., and Toshiba Corp. Also, the battery 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 and an analysis of the key vendors.

The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing 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 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 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global battery market for energy storage systems (ESS) 2018 - 2022
  - Table Historic Market Size – Data table on global battery market for energy storage systems (ESS) 2018 - 2022 ($ million)
- Connectivity Segment Analysis 2018 - 2022
  - Table Historic Market Size – Connectivity Segment 2018 - 2022 ($ million)
- Technology Segment Analysis 2018 - 2022
  - Table Historic Market Size – Technology Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country 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 Connectivity
- Market segments
  - Table Chart on Connectivity - Market share 2023-2028 (%)
  - Table Data Table on Connectivity - Market share 2023-2028 (%)
- Comparison by Connectivity
  - Table Chart on Comparison by Connectivity
  - Table Data Table on Comparison by Connectivity
- On-grid - Market size and forecast 2023-2028
  - Table Chart on On-grid - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on On-grid - Market size and forecast 2023-2028 ($ million)
  - Table Chart on On-grid - Year-over-year growth 2023-2028 (%)
  - Table Data Table on On-grid - Year-over-year growth 2023-2028 (%)
- Off-grid - Market size and forecast 2023-2028
  - Table Chart on Off-grid - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Off-grid - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Off-grid - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Off-grid - Year-over-year growth 2023-2028 (%)
- 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 2023-2028 (%)
  - Table Data Table on Technology - Market share 2023-2028 (%)
- Comparison by Technology
  - Table Chart on Comparison by Technology
  - Table Data Table on Comparison by Technology
- Lithium-ion batteries - Market size and forecast 2023- 2028
  - Table Chart on Lithium-ion batteries - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Lithium-ion batteries - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Lithium-ion batteries - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Lithium-ion batteries - Year-over-year growth 2023-2028 (%)
- Flow batteries - Market size and forecast 2023-2028
  - Table Chart on Flow batteries - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Flow batteries - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Flow batteries - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Flow batteries - Year-over-year growth 2023-2028 (%)
- Others - Market size and forecast 2023-2028
  - Table Chart on Others - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Others - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Others - Year-over-year growth 2023-2028 (%)
- 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 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
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Australia - Market size and forecast 2023-2028
  - Table Chart on Australia - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Australia - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Australia - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Australia - 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 (%)
- 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 (%)
- 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
  - Changing energy mix from fossil fuels to sustainable and renewable energy resources
  - 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 2023 and 2028
- Market trends
  - Increased adoption of microgrids
  - Declining costs of battery storage systems
  - Requirement of continuous power supply in data centers
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
- dSPACE GmbH
  - Table dSPACE GmbH - Overview
  - Table dSPACE GmbH - Product / Service
  - Table dSPACE GmbH - 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 Electronics Inc.
  - Table LG Electronics Inc. - Overview
  - Table LG Electronics Inc. - Product / Service
  - Table LG Electronics Inc. - Key offerings
- Mitsubishi Heavy Industries Ltd.
  - Table Mitsubishi Heavy Industries Ltd. - Overview
  - Table Mitsubishi Heavy Industries Ltd. - Business segments
  - Table Mitsubishi Heavy Industries Ltd. - Key news
  - Table Mitsubishi Heavy Industries Ltd. - Key offerings
  - Table Mitsubishi Heavy Industries Ltd. - 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
- Philadelphia Scientific LLC
  - Table Philadelphia Scientific LLC - Overview
  - Table Philadelphia Scientific LLC - Product / Service
  - Table Philadelphia Scientific LLC - Key offerings
- Samsung SDI Co. Ltd.
  - Table Samsung SDI Co. Ltd. - Overview
  - Table Samsung SDI Co. Ltd. - Business segments
  - Table Samsung SDI Co. Ltd. - Key news
  - Table Samsung SDI Co. Ltd. - Key offerings
  - Table Samsung SDI Co. Ltd. - Segment focus
- Siemens Energy AG
  - Table Siemens Energy AG - Overview
  - Table Siemens Energy AG - Business segments
  - Table Siemens Energy AG - Key news
  - Table Siemens Energy AG - Key offerings
  - Table Siemens Energy AG - Segment focus
- SolarEdge Technologies Inc.
  - Table SolarEdge Technologies Inc. - Overview
  - Table SolarEdge Technologies Inc. - Product / Service
  - Table SolarEdge Technologies Inc. - Key offerings
- TDK Corp.
  - Table TDK Corp. - Overview
  - Table TDK Corp. - Business segments
  - Table TDK Corp. - Key news
  - Table TDK Corp. - Key offerings
  - Table TDK Corp. - 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
- The AES Corp.
  - Table The AES Corp. - Overview
  - Table The AES Corp. - Business segments
  - Table The AES Corp. - Key offerings
  - Table The AES Corp. - Segment focus
- 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
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