Battery Energy Storage Market
Battery Energy Storage Market - Global Industry Assessment & Forecast
#
Pages:
167
Base Year:
2022
Dec - 2023
Format:
Report Code:
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:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 4.23 Billion |
 Revenue 2030:
|
USD 21.81 Billion |
 Revenue CAGR
(2023 - 2030): |
25.9% |
Fastest Growing Region (2023 -
2030)
|
North America |
Largest Region (2022):
|
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
Battery Energy Storage Market Segment Analysis
- Battery Energy Storage Element Outlook (Revenue, USD Million, 2018 - 2030)
- Battery
- Others
- Battery Energy Storage Battery Type Outlook (Revenue, USD Million, 2018 - 2030)
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Battery Energy Storage Connection Type Outlook (Revenue, USD Million, 2018 - 2030)
- On-grid
- Off-grid
- Battery Energy Storage Ownership Outlook (Revenue, USD Million, 2018 - 2030)
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Battery Energy Storage Energy Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Battery Energy Storage Application Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- Utility
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Battery Energy Storage Market, by Element
- Battery
- Others
-
North America Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
-
North America Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
-
North America Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
-
North America Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
-
North America Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- U.S.
- U.S. Battery Energy Storage Market, by Element
- Battery
- Others
- U.S. Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- U.S. Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- U.S. Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- U.S. Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- U.S. Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- U.S. Battery Energy Storage Market, by Element
- Canada
- Canada Battery Energy Storage Market, by Element
- Battery
- Others
- Canada Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Canada Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Canada Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Canada Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Canada Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Canada Battery Energy Storage Market, by Element
-
Mexico
- Mexico Battery Energy Storage Market, by Element
- Battery
- Others
- Mexico Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Mexico Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Mexico Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Mexico Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Mexico Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Mexico Battery Energy Storage Market, by Element
-
North America Battery Energy Storage Market, by Element
- Europe
-
Europe Battery Energy Storage Market, by Element
- Battery
- Others
-
Europe Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
-
Europe Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
-
Europe Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
-
Europe Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
-
Europe Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- U. K.
- U.K. Battery Energy Storage Market, by Element
- Battery
- Others
- U.K. Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- U.K. Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- U.K. Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- U.K. Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- U.K. Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- U.K. Battery Energy Storage Market, by Element
- France
- France Battery Energy Storage Market, by Element
- Battery
- Others
- France Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- France Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- France Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- France Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- France Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- France Battery Energy Storage Market, by Element
-
Germany
- Germany Battery Energy Storage Market, by Element
- Battery
- Others
- Germany Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Germany Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Germany Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Germany Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Germany Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Germany Battery Energy Storage Market, by Element
-
Italy
- Italy Battery Energy Storage Market, by Element
- Battery
- Others
- Italy Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Italy Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Italy Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Italy Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Italy Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Italy Battery Energy Storage Market, by Element
-
Spain
- Spain Battery Energy Storage Market, by Element
- Battery
- Others
- Spain Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Spain Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Spain Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Spain Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Spain Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Spain Battery Energy Storage Market, by Element
-
Rest of Europe
- Rest of Europe Battery Energy Storage Market, by Element
- Battery
- Others
- Rest of Europe Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Rest of Europe Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Rest of Europe Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Rest of Europe Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Rest of Europe Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Rest of Europe Battery Energy Storage Market, by Element
-
Europe Battery Energy Storage Market, by Element
- Asia Pacific
-
Asia Pacific Battery Energy Storage Market, by Element
- Battery
- Others
-
Asia Pacific Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
-
Asia Pacific Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
-
Asia Pacific Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
-
Asia Pacific Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
-
Asia Pacific Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- China
- China Battery Energy Storage Market, by Element
- Battery
- Others
- China Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- China Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- China Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- China Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- China Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- China Battery Energy Storage Market, by Element
- Japan
- Japan Battery Energy Storage Market, by Element
- Battery
- Others
- Japan Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Japan Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Japan Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Japan Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Japan Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Japan Battery Energy Storage Market, by Element
-
Germany
- Germany Battery Energy Storage Market, by Element
- Battery
- Others
- Germany Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Germany Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Germany Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Germany Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Germany Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Germany Battery Energy Storage Market, by Element
-
India
- India Battery Energy Storage Market, by Element
- Battery
- Others
- India Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- India Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- India Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- India Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- India Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- India Battery Energy Storage Market, by Element
-
South Korea
- South Korea Battery Energy Storage Market, by Element
- Battery
- Others
- South Korea Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- South Korea Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- South Korea Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- South Korea Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- South Korea Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- South Korea Battery Energy Storage Market, by Element
-
South East Asia
- South East Asia Battery Energy Storage Market, by Element
- Battery
- Others
- South East Asia Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- South East Asia Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- South East Asia Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- South East Asia Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- South East Asia Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- South East Asia Battery Energy Storage Market, by Element
-
Rest of Asia Pacific
- Rest of Asia Pacific Battery Energy Storage Market, by Element
- Battery
- Others
- Rest of Asia Pacific Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Rest of Asia Pacific Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Rest of Asia Pacific Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Rest of Asia Pacific Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Rest of Asia Pacific Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Rest of Asia Pacific Battery Energy Storage Market, by Element
-
Asia Pacific Battery Energy Storage Market, by Element
- Latin America
-
Latin America Battery Energy Storage Market, by Element
- Battery
- Others
-
Latin America Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
-
Latin America Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
-
Latin America Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
-
Latin America Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
-
Latin America Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Brazil
- Brazil Battery Energy Storage Market, by Element
- Battery
- Others
- Brazil Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Brazil Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Brazil Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Brazil Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Brazil Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Brazil Battery Energy Storage Market, by Element
- Argentina
- Argentina Battery Energy Storage Market, by Element
- Battery
- Others
- Argentina Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Argentina Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Argentina Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Argentina Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Argentina Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Argentina Battery Energy Storage Market, by Element
-
Rest of Latin America
- Rest of Latin America Battery Energy Storage Market, by Element
- Battery
- Others
- Rest of Latin America Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Rest of Latin America Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Rest of Latin America Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Rest of Latin America Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Rest of Latin America Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Rest of Latin America Battery Energy Storage Market, by Element
-
Latin America Battery Energy Storage Market, by Element
- Middle East & Africa
-
Middle East & Africa Battery Energy Storage Market, by Element
- Battery
- Others
-
Middle East & Africa Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
-
Middle East & Africa Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
-
Middle East & Africa Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
-
Middle East & Africa Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
-
Middle East & Africa Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- GCC Countries
- GCC Countries Battery Energy Storage Market, by Element
- Battery
- Others
- GCC Countries Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- GCC Countries Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- GCC Countries Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- GCC Countries Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- GCC Countries Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- GCC Countries Battery Energy Storage Market, by Element
- South Africa
- South Africa Battery Energy Storage Market, by Element
- Battery
- Others
- South Africa Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- South Africa Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- South Africa Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- South Africa Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- South Africa Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- South Africa Battery Energy Storage Market, by Element
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Battery Energy Storage Market, by Element
- Battery
- Others
- Rest of Middle East & Africa Battery Energy Storage Market, by Battery Type
- Lithium-Ion Batteries
- Advanced Lead Acid Batteries
- Flow Batteries
- Others
- Rest of Middle East & Africa Battery Energy Storage Market, by Connection Type
- On-grid
- Off-grid
- Rest of Middle East & Africa Battery Energy Storage Market, by Ownership
- Customer-Owned
- Third-Party Owned
- Utility-Owned
- Rest of Middle East & Africa Battery Energy Storage Market, by Energy Capacity
- Below 100 MWh
- Between 100 to 500 MWh
- Above 500 MWh
- Rest of Middle East & Africa Battery Energy Storage Market, by Application
- Residential
- Commercial
- Utility
- Rest of Middle East & Africa Battery Energy Storage Market, by Element
-
Middle East & Africa Battery Energy Storage Market, by Element
- North America
FAQ
Frequently Asked Question
What is the global demand for Battery Energy Storage in terms of revenue?
-
The global Battery Energy Storage valued at USD 4.23 Billion in 2022 and is expected to reach USD 21.81 Billion in 2030 growing at a CAGR of 25.9%.
Which are the prominent players in the market?
-
The prominent players in the market are SK Innovation, Funeng Technology, Samsung SDI, Guoxuan High-Tech, BYD, LG Chem, CATL, Eve Energy, TerraE Holding, Tesla, Parker Hannifin..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 25.9% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Battery Energy Storage include
- Renewable Energy Integration and Grid Stability
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Battery Energy Storage in 2022.
