Europe Battery Energy Storage System Market Size, Share & Industry Trends Analysis Report By Ownership, By Battery Type, By Energy Capacity, By Connection, By Application, By Country and Growth Forecast, 2021 - 2027

Europe Battery Energy Storage System Market Size, Share & Industry Trends Analysis Report By Ownership, By Battery Type, By Energy Capacity, By Connection, By Application, By Country and Growth Forecast, 2021 - 2027

The Europe Battery Energy Storage System Market would witness market growth of 24.6% CAGR during the forecast period (2021-2027).

Some of the growth catalysts for the battery energy storage system market are rising demand for grid energy storage systems as a result of ongoing grid modernization, increasing adoption of lithium-ion batteries in the renewable energy sector, and the growing trend of adopting a low-carbon and fossil-fuel-free economy, as well as the ongoing renewable energy revolution. On the other hand, the substantial capital cost necessary to build battery energy storage devices would act as the key barrier to the growth of the market during the forecasting period.

While, a surge in the number of rural electrification projects around the world, increased demand for continuous power supply due to the rise in the number of data centers, and declined lithium-ion battery prices are expected to create significant opportunities for the deployment of battery energy storage systems in the coming years. However, producers of battery energy storage systems face hurdles due to variables such as the difficulty of placing battery energy storage systems on islands or in isolated places, lithium-ion battery overheating, and lithium-ion battery aging

In the region, national governments have set important goals to accelerate the 'green wave' created by disruptions in industrial processes. In August 2020, for example, ABB announced a partnership with Zenob Energy Limited, a BESS producer, to develop an advanced traction power solution for UK railways. The goal of the partnership is to build a 25 kilovolt (kV) rail traction power system that would deliver output by converting power from batteries to provide trains with a continuous power supply.

In addition, the large carbon reduction objectives set forth by regional organizations like the European Commission and national governments would help the regional market to expand. Moreover, diverse variety of encouraging renewable deployment goals and energy security regulations would help the regional market in the long run.

The Germany market dominated the Europe Battery Energy Storage System Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $812.7 million by 2027. The UK market is estimated to grow at a CAGR of 23.6% during (2021 - 2027). Additionally, The France market would witness a CAGR of 25.5% during (2021 - 2027).

Based on Ownership, the market is segmented into Utility-Owned, Third-Party Owned, and Customer-Owned. Based on Battery Type, the market is segmented into Lithium-Ion Batteries, Advanced Lead-Acid Batteries, Flow Batteries, and Others. Based on Energy Capacity, the market is segmented into Above 500 MWh, Between 100 to 500 MWh, and Below 100 MWh. Based on Connection type, the market is segmented into On-grid, and Off-grid. Based on Application, the market is segmented into Utility, Commercial, and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., Honeywell International, Inc., Panasonic Corporation, Hitachi, Ltd., Siemens AG, Johnson Controls International PLC, Toshiba Corporation, LG Energy Solutions Ltd., and Samsung SDI Co., Ltd.

Scope of the Study

Market Segments covered in the Report:

By Ownership

  • Utility-Owned
  • Third-Party Owned
  • Customer-Owned
By Battery Type
  • Lithium-Ion Batteries
  • Advanced Lead-Acid Batteries
  • Flow Batteries
  • Others
By Energy Capacity
  • Above 500 MWh
  • Between 100 to 500 MWh
  • Below 100 MWh
By Connection type
  • On-grid
  • Off-grid
By Application
  • Utility
  • Commercial
  • Residential
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • General Electric (GE) Co.
  • Honeywell International, Inc.
  • Panasonic Corporation
  • Hitachi, Ltd.
  • Siemens AG
  • Johnson Controls International PLC
  • Toshiba Corporation
  • LG Energy Solutions Ltd.
  • Samsung SDI Co., Ltd.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Battery Energy Storage System Market, by Ownership
1.4.2 Europe Battery Energy Storage System Market, by Battery Type
1.4.3 Europe Battery Energy Storage System Market, by Energy Capacity
1.4.4 Europe Battery Energy Storage System Market, by Connection type
1.4.5 Europe Battery Energy Storage System Market, by Application
1.4.6 Europe Battery Energy Storage System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2019, Sep – 2022, Jan) Leading Players
Chapter 4. Europe Battery Energy Storage System Market by Ownership
4.1 Europe Utility-Owned Market by Country
4.2 Europe Third-Party Owned Market by Country
4.3 Europe Customer-Owned Market by Country
Chapter 5. Europe Battery Energy Storage System Market by Battery Type
5.1 Europe Lithium-Ion Batteries Market by Country
5.2 Europe Advanced Lead-Acid Batteries Market by Country
5.3 Europe Flow Batteries Market by Country
5.4 Europe Others Market by Country
Chapter 6. Europe Battery Energy Storage System Market by Energy Capacity
6.1 Europe Above 500 MWh Market by Country
6.2 Europe Between 100 to 500 MWh Market by Country
6.3 Europe Below 100 MWh Market by Country
Chapter 7. Europe Battery Energy Storage System Market by Connection Type
7.1 Europe On-grid Market by Country
7.2 Europe Off-grid Market by Country
Chapter 8. Europe Battery Energy Storage System Market by Application
8.1 Europe Utility Market by Country
8.2 Europe Commercial Market by Country
8.3 Europe Residential Market by Country
Chapter 9. Europe Battery Energy Storage System Market by Country
9.1 Germany Battery Energy Storage System Market
9.1.1 Germany Battery Energy Storage System Market by Ownership
9.1.2 Germany Battery Energy Storage System Market by Battery Type
9.1.3 Germany Battery Energy Storage System Market by Energy Capacity
9.1.4 Germany Battery Energy Storage System Market by Connection Type
9.1.5 Germany Battery Energy Storage System Market by Application
9.2 UK Battery Energy Storage System Market
9.2.1 UK Battery Energy Storage System Market by Ownership
9.2.2 UK Battery Energy Storage System Market by Battery Type
9.2.3 UK Battery Energy Storage System Market by Energy Capacity
9.2.4 UK Battery Energy Storage System Market by Connection Type
9.2.5 UK Battery Energy Storage System Market by Application
9.3 France Battery Energy Storage System Market
9.3.1 France Battery Energy Storage System Market by Ownership
9.3.2 France Battery Energy Storage System Market by Battery Type
9.3.3 France Battery Energy Storage System Market by Energy Capacity
9.3.4 France Battery Energy Storage System Market by Connection Type
9.3.5 France Battery Energy Storage System Market by Application
9.4 Russia Battery Energy Storage System Market
9.4.1 Russia Battery Energy Storage System Market by Ownership
9.4.2 Russia Battery Energy Storage System Market by Battery Type
9.4.3 Russia Battery Energy Storage System Market by Energy Capacity
9.4.4 Russia Battery Energy Storage System Market by Connection Type
9.4.5 Russia Battery Energy Storage System Market by Application
9.5 Spain Battery Energy Storage System Market
9.5.1 Spain Battery Energy Storage System Market by Ownership
9.5.2 Spain Battery Energy Storage System Market by Battery Type
9.5.3 Spain Battery Energy Storage System Market by Energy Capacity
9.5.4 Spain Battery Energy Storage System Market by Connection Type
9.5.5 Spain Battery Energy Storage System Market by Application
9.6 Italy Battery Energy Storage System Market
9.6.1 Italy Battery Energy Storage System Market by Ownership
9.6.2 Italy Battery Energy Storage System Market by Battery Type
9.6.3 Italy Battery Energy Storage System Market by Energy Capacity
9.6.4 Italy Battery Energy Storage System Market by Connection Type
9.6.5 Italy Battery Energy Storage System Market by Application
9.7 Rest of Europe Battery Energy Storage System Market
9.7.1 Rest of Europe Battery Energy Storage System Market by Ownership
9.7.2 Rest of Europe Battery Energy Storage System Market by Battery Type
9.7.3 Rest of Europe Battery Energy Storage System Market by Energy Capacity
9.7.4 Rest of Europe Battery Energy Storage System Market by Connection Type
9.7.5 Rest of Europe Battery Energy Storage System Market by Application
Chapter 10. Company Profiles
10.1 General Electric (GE) Co.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.2 Honeywell International, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional & Segmental Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent Strategies and Developments
10.2.5.1 Partnerships, Collaborations and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 Panasonic Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent Strategies and Developments
10.3.5.1 Partnerships, Collaborations and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Hitachi, Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent Strategies and Developments
10.4.5.1 Partnerships, Collaborations and Agreements:
10.4.5.2 Acquisitions and Mergers:
10.5 Siemens AG
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent Strategies and Developments
10.5.5.1 Partnerships, Collaborations and Agreements:
10.5.5.2 Acquisitions and Mergers:
10.5.5.3 Product Launches and Product Expansions:
10.6 Johnson Controls International PLC
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent Strategies and Developments
10.6.5.1 Product Launches and Product Expansions:
10.7 Toshiba Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research and Development Expense
10.7.5 Recent Strategies and Developments
10.7.5.1 Product Launches and Product Expansions:
10.8 LG Energy Solution Ltd.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Research & Development Expense
10.8.4 Recent Strategies and Developments
10.8.4.1 Partnerships, Collaborations, and Agreements:
10.8.4.2 Acquisitions and Mergers:
10.8.4.3 Product Launches and Product Expansions:
10.9 Samsung SDI Co., Ltd. (Samsung Electronics Group)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Recent Strategies and Developments
10.9.3.1 Acquisitions and Mergers:

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