The Global Energy Storage Battery Market size is projected to be worth USD 7.99 billion by 2025 from USD 3.19 billion in 2017 and driven by the increasing need for reliable and flexible smart grid systems. Energy storage deployments have increased significantly over the past few years in conformity with the smart city initiatives, thus, driving the demand for smart power grids.

North America dominated the global Energy Storage Battery Market with 609.9 MW installed in 2017. The US region is expected to be a leader within the global Energy Storage Battery Market over the forecast period. On the other hand, Asia Pacific which accounted for 36.7% of the total installations in 2017 is likely to witness the fastest growth up to 2025 due to huge investments made by various governments in this sector to integrate sustainable energy storage solutions.

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This initiative has received overwhelming support from the regulatory bodies of various nations across the world. In 2015, abiding with the state policies, the US Energy Storage Market expanded three times than the previous year due to increasing installations in residences. However, this is miniscule compared the total energy produced in the country. This implies the availability of tremendous opportunities for the Energy Storage Market in the near future. Based on our study, the US Battery Energy Storage Market is estimated to be worth USD 5.09 billion by 2025.

Similarly, the adoption for grid technology to store generated electricity across borders has increased. Initiatives by governments to reduce the losses incurred due to the loss of electricity generated coupled with initiatives for electrification, especially in developing countries, is expected to drive the demand for energy storage batteries. Electricity storage is anticipated to play a crucial role as an enabler in the next phase of the energy transition.

Energy storage batteries help in rapid decarbonization in segments where these systems are used. In the transport sector, usage of battery energy storage in electric vehicles (EVs, HEVs and PHEVs) has been improving rapidly and the trend is anticipated to continue over the forecast period. Batteries are being increasingly installed in homes as they help in providing socio-economic benefits with fewer power outage interruptions. This scenario holds weightage despite the dependency of a home on electricity grid and/or renewable energy. In fact, installations of residential energy storage battery is expected to increase rapidly over the next seven years at an anticipated CAGR of 50.1% globally.

Lithium-ionvanadium redox flow, and zinc-bromine flow are some of the widely used energy storage batteries across various industries. The usage of each of these battery types is determined by numerous factors such as energy density, discharge cycles, and maintenance among other factors. Batteries such as lithium-ion are used widely in consumer electronics, whereas vanadium redox flow batteries are installed in applications requiring multitudes of uninterrupted power supply such as a manufacturing area/district within a city.

The competitive landscape of the global Energy Storage Battery Market is marked by the presence of players catering to consumers locally as well as internationally.

Companies including:

  • NGK Insulators Ltd.
  • Sungrow-Samsung SDI Energy Storage Power Supply Co.,
  • SMA Solar Technology AG,
  • Aggreko,
  • SOCOMEC,
  • ABB,
  • AEG Power Solutions,
  • Tesla Energy Operations Inc. (SolarCity)
  • ZEN

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Key segments of the global Energy Storage Battery Market:

Battery Energy Storage Market Type Overview, 2013-2025 (USD Million) (MW)

  • Lithium-ion battery
  • All-vanadium flow battery
  • Zinc-bromine flow battery
  • Others

Battery Energy Storage Market Application Overview, 2013-2025 (USD Million) (MW)

  • Utility solution
  • Residential solution
  • Non-Residential solution

Battery Energy Storage Market Regional Overview, 2013-2025 (USD Million) (MW)

  • North America
    • US
  • Europe
    • UK
    • Ireland
    • Spain
    • Italy
    • France
    • Germany
  • Asia Pacific
    • South Korea
    • Japan
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Chile

Major Points from TOC of Energy Storage Battery Market:

Chapter 1. Executive Summary

Chapter 2. Research Methodology

  • Research approach
  • Scope, definition, and assumptions
  • Data sources

Chapter 3. Battery Energy Storage Market Outlook

  • Porter’s Five Forces’ analysis
  • Value chain analysis

Chapter 4. Energy Storage Battery Market Overview, By Type

  • Lithium-ion battery
  • Introduction
  • Key trends
  • Battery Energy Storage Market drivers
  • Battery Energy Storage Market restraints
  • Battery Energy Storage Market opportunities
  • All-vanadium flow battery
  • Zinc-bromine battery

Chapter 5. Energy Storage Battery Market Overview, By Application

  • Utility solutions
  • Residential solutions
  • Non-residential solutions

Chapter 6. Energy Storage Battery Market Overview, By Region

Chapter 7. Battery Energy Storage Market Structure

Company market share, 2016

Strategic framework

Chapter 8. Company Profiles

…..Continued

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List of Tables present in the Energy Storage Battery Market report:

 

  1. Key highlights of the global energy storage battery market
  2. List of other vendors

List of Figures present in the Battery Energy Storage Market report:

  1. Battery Energy Storage Market segmentation
  2. Research Programs/Design
  3. Porter’s Five Forces’ analysis
  4. Global Energy Storage Consumption and Growth Rate Comparison by Types (2013-2025) (MW)
  5. Global Energy Storage Consumption and Growth Rate Comparison by Types (2013-2025) (USD Million)
  6. Global Energy Storage Consumption and Growth Rate Comparison by Application (2013-2025) (MW)
  7. Global Energy Storage Consumption and Growth Rate Comparison by Application (2013-2025) (MW)
  8. Global Energy Storage Consumption and Growth Rate Comparison by Region (2013-2025) (MW)
  9. Global Energy Storage Consumption and Growth Rate Comparison by Region (2013-2025) (USD Million)
  10. Major players manufacturing bases and geographic presence
  11. U.S. Operational Energy Storage Projects (2013-2018)
  12. South Korea Operational Energy Storage Projects (2013-2018)
  13. Japan Operational Energy Storage Projects (2013-2018)
  14. Italy Operational Energy Storage Projects (2013-2018)
  15. India Operational Energy Storage Projects (2013-2018)
  16. Germany Operational Energy Storage Projects (2013-2018)
  17. France Operational Energy Storage Projects (2013-2018)
  18. Australia Operational Energy Storage Projects (2013-2018)
  19. Global Energy Storage Consumption and Market Share by Types (2013-2018)
  20. Global Energy Storage Revenue and Market Share by Types (2013-2018)

…..Continued

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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