Battery Energy Storage Systems Market
Battery Energy Storage Systems Market - Global Industry Assessment & Forecast
#
Pages:
187
2023
May - 2024
VMR-VMR-2021-0912
Segments Covered
By
Element Battery, Others
-
By
Battery Type Lithium-Ion Batteries, Advanced Lead Acid Batteries, Flow Batteries, Others
-
By
Connection Type On-grid, Off-grid
-
By
Ownership Customer-Owned, Third-Party Owned, Utility-Owned
-
By
Energy Capacity Below 100 MWh, Between 100 to 500 MWh, Above 500 MWh
-
By
Application Residential, Commercial, Utility
-
By
Region North America, Europe, Asia Pacific, Latin America, MIddle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 5.94 Billion |
 Revenue 2032:
|
USD 50.5l Billion |
 Revenue CAGR
(2024 - 2032): |
26.9% |
Fastest Growing Region (2024 -
2032)
|
North America |
Largest Region (2023):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
| Sr. No. | Offering | Report Coverage |
| 1. | Market Size | In terms of Revenue (USD Million) |
| 2. | Historic Data | 2018 to 2022 |
| 3. | Forecast Data | 2024 to 2032 |
| 4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
| 5. | Market Attractiveness Analysis | Yes |
| 6. | Segment Analysis | Maximum Segments |
| 7. | Regional Coverage | 5 Regions |
| 8. | Country Coverage | Top 22 Countries |
| 9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
| 10. | Porter’s Five Forces Analysis | Yes. |
| 11. | Value Chain Analysis | Yes |
| 12. | PEST Analysis | Yes |
| 13. | Regulatory Landscape | Yes |
| 14. | Technology Landscape | Yes |
| 15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
| 16. | Top startups to watch out for | Yes |
| 17. | Top 3 Trends to Watch | Yes |
| 18. | Top 3 Strategies Followed by Major Players | Yes |
| 19. | Top 3 Predictions by Vantage Market Research | Yes |
| 20. | Discussion Guide | Yes |
| 21. | Key Primary Respondents - VERBATIM | Yes |
| 22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
| 23. | Others/Miscellaneous | |
FAQ
Frequently Asked Question
What is the global demand for Battery Energy Storage Systems in terms of revenue?
-
The global Battery Energy Storage Systems valued at USD 5.94 Billion in 2023 and is expected to reach USD 50.5l Billion in 2032 growing at a CAGR of 26.9%.
Which are the prominent players in the market?
-
The prominent players in the market are BYD Company Limited, LG Energy Solution, Samsung SDI Co. Ltd., Siemens Energy, Panasonic Corporation, General Electric, ABB Ltd., Hitachi Energy Ltd., Siemens Energy, and TotalEnergies..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 26.9% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Battery Energy Storage Systems include
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Battery Energy Storage Systems in 2023.
