Global Li-ion Battery for Energy Storage Systems (ESS) Market Growth 2023-2029

Global Li-ion Battery for Energy Storage Systems (ESS) Market Growth 2023-2029

The global Li-ion Battery for Energy Storage Systems (ESS) market size is projected to grow from US$ 19430 million in 2022 to US$ 60560 million in 2029; it is expected to grow at a CAGR of 17.6% from 2023 to 2029.

Global key players of Li-ion Battery for Energy Storage Systems (ESS) include CATL, BYD, EVE, LG Energy Solution, Samsung SDI, etc. The top five players hold a share over 60%. China is the largest production area, has a share about 87%, followed by Europe, with share 4%. In terms of product type, LFP is the largest segment, occupied for a share of 82%, and in terms of application, Power Grid has a share about 73%.

Li-ion Battery Energy Storage Systems (ESS) refer to a type of energy storage system that uses lithium-ion batteries as the primary energy storage medium. Li-ion batteries are a type of rechargeable battery technology that uses lithium ions as the charge carriers to store and release energy.

Li-ion Battery ESS is a flexible and scalable technology that can be used for a wide range of applications, including commercial and industrial facilities, residential properties, telecommunications, uninterruptible power supply (UPS), and portable energy storage.

The ESS comprises of several components, including the Li-ion batteries, power conversion systems, control and monitoring systems, and safety mechanisms. The batteries store excess energy during off-peak periods and release it during peak demand periods or when the grid is unavailable.

LPI (LP Information)' newest research report, the “Li-ion Battery for Energy Storage Systems (ESS) Industry Forecast” looks at past sales and reviews total world Li-ion Battery for Energy Storage Systems (ESS) sales in 2022, providing a comprehensive analysis by region and market sector of projected Li-ion Battery for Energy Storage Systems (ESS) sales for 2023 through 2029. With Li-ion Battery for Energy Storage Systems (ESS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Li-ion Battery for Energy Storage Systems (ESS) industry.

This Insight Report provides a comprehensive analysis of the global Li-ion Battery for Energy Storage Systems (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 Li-ion Battery for Energy Storage Systems (ESS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Li-ion Battery for Energy Storage Systems (ESS) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Li-ion Battery for Energy Storage Systems (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 Li-ion Battery for Energy Storage Systems (ESS).

This report presents a comprehensive overview, market shares, and growth opportunities of Li-ion Battery for Energy Storage Systems (ESS) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
NCx
LFP

Segmentation by application
Power Grid
Commercial & Industrial
Residential
Telecommunication & UPS
Portable Energy Storage

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.
CATL
BYD
EVE
LG Energy Solution
Samsung SDI
REPT
Great Power
Gotion High-tech
Hithium
Ganfeng
CALB
Envision AESC
Poweramp
Pylon Technologies
Lishen
Saft
Kokam
Panasonic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Li-ion Battery for Energy Storage Systems (ESS) market?

What factors are driving Li-ion Battery for Energy Storage Systems (ESS) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Li-ion Battery for Energy Storage Systems (ESS) market opportunities vary by end market size?

How does Li-ion Battery for Energy Storage Systems (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.