Battery Energy Storage System Market Intelligence Report - Global Forecast to 2027

Battery Energy Storage System Market Intelligence Report - Global Forecast to 2027

The Global Battery Energy Storage System Market is projected to reach USD 102,435.05 million by 2027 from USD 31,053.21 million in 2021, at a CAGR 22.00% during the forecast period.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

• The Americas Battery Energy Storage System Market size was estimated at USD 8,687.64 million in 2021 and expected to reach USD 10,458.20 million in 2022, at a CAGR 21.52% to reach USD 27,986.84 million by 2027.
• The Asia-Pacific Battery Energy Storage System Market size was estimated at USD 11,902.35 million in 2021 and expected to reach USD 14,623.49 million in 2022, at a CAGR 22.34% to reach USD 39,917.60 million by 2027.
• The Europe, Middle East & Africa Battery Energy Storage System Market size was estimated at USD 10,463.21 million in 2021 and expected to reach USD 12,750.19 million in 2022, at a CAGR 22.01% to reach USD 34,530.60 million by 2027.

Market Segmentation & Coverage:

The report on battery energy storage system identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making. Our market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.

This research report categorizes the battery energy storage system to forecast the revenues and analyze the trends in each of the following sub-markets:

Technology:

• Flow Batteries
• Lead-acid Batteries
• Lithium-ion Batteries
• Sodium-sulfur Batteries

Connection Type:

• Off-grid Connection
• On-grid Connection

Application:

• Non-residential
• Residential
• Utilities

Region:

• Americas
  • Argentina
  • Brazil
  • Canada
  • Mexico
  • United States
    • California
    • Connecticut
    • Florida
    • Illinois
    • New York
    • Ohio
    • Pennsylvania
    • Texas
    • Wisconsin
• Asia-Pacific
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
• Europe, Middle East & Africa
  • France
  • Germany
  • Italy
  • Netherlands
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • United Arab Emirates
  • United Kingdom

Company Usability Profiles:

• ABB Ltd.
• AEG Power Solutions B.V.
• AES Corporation
• Austin Energy
• BYD Co. Ltd.
• CMS Energy Corporation
• CPS Energy
• Delta Electronics, Inc.
• DTE Energy Co.
• Duke Energy Corporation
• Entergy Corporation
• Eversource Energy
• Fluence
• General Electric Company
• Georgia Power
• Hitachi Ltd.
• Imperial Irrigation District
• Johnson Controls International PLC
• LG Chem Ltd.
• National Grid PLC
• NEC Corporation
• NextEra Energy, Inc.
• Pacific Gas and Electric Company
• Panasonic Corporation
• Primus Power
• RES
• Samsung SDI
• Siemens AG
• Sonnen GmbH
• Tesla, Inc.
• Toshiba Corporation
• TrinaBESS
• Xcel Energy Inc.

Currency: USD

Base Year: 2021

Estimated Year: 2022

Forecast Year: 2027

Base Year Value: USD 31,053.21 million

Estimated Year Value: USD 37,831.90 million

Forecast Year Value: USD 102,435.05 million

CAGR (%): 22.00%.

Please Note: PDF & Excel + Online Access - 1 Year