Global Battery Energy Storage System (ESS) Market Growth 2023-2029

Global Battery Energy Storage System (ESS） Market Growth 2023-2029

This report studies the Battery Energy Storage Systems (ESS) market, from angles of company, regions, product types and end industries, to analyze the status and the future. In this report, Battery Energy Storage Systems (ESS) mainly focuses on the electric ESS, instead of the mechanical ESS, thermo-dynamic ESS.

Energy storage systems are the set of methods and technologies used to store various forms of energy.

Energy storage is the capture of energy produced at one time for use at a later time. A device that stores energy is generally called an accumulator or battery.
LPI (LP Information)' newest research report, the “Battery Energy Storage System (ESS） Industry Forecast” looks at past sales and reviews total world Battery Energy Storage System (ESS） sales in 2022, providing a comprehensive analysis by region and market sector of projected Battery Energy Storage System (ESS） sales for 2023 through 2029. With Battery Energy Storage System (ESS） sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Battery Energy Storage System (ESS） industry.
This Insight Report provides a comprehensive analysis of the global Battery Energy Storage System (ESS） landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Battery Energy Storage System (ESS） portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Battery Energy Storage System (ESS） market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Battery Energy Storage System (ESS） and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Battery Energy Storage System (ESS）.
The global Battery Energy Storage System (ESS） market size is projected to grow from US$ 2813.1 million in 2022 to US$ 16480 million in 2029; it is expected to grow at a CAGR of 16480 from 2023 to 2029.
For the major players of Battery Energy Storage System (ESS), Samsung SDI maintained its first place in the ranking in 2019. Followed by LG Chem, Fluence, Hitachi and Kokam. The Top 5 players accounted for about 51% of the Global Battery Energy Storage System (ESS) revenue market share in 2019.
North America, Europe, China, South Korea, Japan are the main production areas. Asia-Pacific occupied the largest revenue market share with nearly 38% in 2019. It is followed by Europe and North America with 30% and 19% respectively.
The type of Lithium Battery Energy Storage System (ESS) including Lithium, Lead Acid, NaS and others. Lithium Battery Energy Storage System (ESS) segment is projected to account for the largest revenue market share with around 89% in 2019.
In the applications, there are Residential and Utility & Commercial. Residential segment was estimated to account for the highest market share of about 58% in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Battery Energy Storage System (ESS） market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Lithium
Lead Acid
NaS
Others
Segmentation by application
Residential
Utility & Commercial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Samsung SDI
LG Chem
Fluence
Hitachi
Kokam
LSIS
SMA Solar Technology
NGK
General Electric
Primus Power
Panasonic
BYD
Younicos
ABB
Saft
Lockheed Martin Energy
Eos Energy Storage
Con Edison Solutions

Key Questions Addressed in this Report
What is the 10-year outlook for the global Battery Energy Storage System (ESS） market?
What factors are driving Battery Energy Storage System (ESS） market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Battery Energy Storage System (ESS） market opportunities vary by end market size?
How does Battery Energy Storage System (ESS） break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.