Summary

Global battery energy storage systems (BESS) market witnessed a market value of around US$3.30 Billion in 2016 and is estimated to reach over US$14 Billion by 2021, registering a compound annual growth rate (CAGR) of around 35% between 2016 and 2021. The top five countries in the global market include the US, Japan, South Korea, Germany, and China. They represented around 85% of the global total in terms of cumulative installed capacity in 2016.

United States and Japan led the market in 2016 with just over 30% and around 20% shares, respectively, in 2016. In the year 2016, the Asia-Pacific region led the market holding almost 42% of the global BESS market, followed by the Americas with around 33%, and Europe, Middle East, and Africa (EMEA) with about 25%. With respect to technology, lithium-ion has been the preferred technology to date and shared approximately 75% of the global market with respect to BESS installations up to 2016.

In the Asia-Pacific region, Japan led the regional market with a share of over 50% with respect to market value for projects installed up to 2016. In 2016, Japan’s newly built energy storage projects were largely used in transmission and distribution (T&D). The Japanese New Energy Promotion Council (NEPC) made available US$2.57m to develop two Large-Scale Grid-Balancing Battery Energy Demonstration Projects to help the Kyushu Electric Power Co. and Tohoku Electric Power Co. install energy storage systems (ESS) allowing more renewable energy in the grid (CENSA, 2017).

In the EMEA region, Germany led the regional market with a share of approximately 58% with respect to market value for projects installed up to 2016. Ancillary services and solar plus storage are the main opportunity segment in the country. Storage subsidies from the KfW Development Bank and the fall in feed-in tariff (FiT) rates will help boost the market for energy storage during and beyond the forecast period. The EU battery industry is shifting its focus toward decarbonization of the energy system. However, regulatory barriers should be removed to allow the energy storage market to grow.

The report "Grid Connected Battery Energy Storage System, Update 2017 - Global Market Size, Competitive Landscape, Key Country Analysis, and Forecast to 2021", provides insight into the drivers and restraints affecting the battery energy storage market, competitive landscape, policies and initiatives, recent market deals, battery system cost analysis, top company profiles, and key projects.

In depth, this report provides the following analysis -

  • Analysis of the growth of battery energy storage system market with a focus on market value in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
  • The report provides battery energy storage system market analysis for key countries including the US, Chile, China, India, Japan, Australia, South Korea, Germany, Italy, UK, France.
  • The report offers country level battery energy storage system market value and volume, for the year 2011, 2016, and 2021.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on battery energy storage system market are discussed.
  • The report provides competitive landscape at country level for the year 2016. It also covers key policies and initiatives, key deals, and key projects.



Companies mentioned in this report: NGK Insulators Ltd., BYD, NEC, Samsung SDI, LG, Xtreme Power, Saft, AES Energy Storage, Alevo, Delco, Altair Nanotechnologies Inc., EnerDel, GNB Corporation, Ecoult, Powertree Services Inc., Kokam, Tesla, EnerSys, Exide, Younicos, Stem, EaglePicher Technologies, Solar Grid Storage, Hitachi, Vionx Energy (formerly Premium Power), Lithium Energy Japan (GS Yuasa International Ltd. and Mitsubishi), UniEnergy Technologies, Green Charge Networks, GE Energy Storage, Primus Power, Greensmith, Prudent Energy Corporation, Aquion Energy, CODA Energy, EV Grid, Mitsubishi, Convergent Energy + Power, Axion Power International Inc., C&D Technologies, East Penn Manufacturing (Deka Unigy II), ZBB Energy Corporation, Princeton Power Systems, Elecyr Corporation, DynaPower, S&C Electric, Sunverge, BMW, GS-Yuasa, GNB Marathon, Ojai / K2, Urban Electric Power, International Battery, Iron Edison Battery Company, ViZn Energy Systems, FIAMM Energy Storage Solutions, Silent Power Inc., JLM Energy, SimpliPhi Power, TimberRock Energy Solutions Inc.,


Scope

The report analyses battery energy storage system market. Its scope includes -

  • Analysis of the growth of battery energy storage system market with a focus on market value in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
  • The report provides battery energy storage system market analysis for key countries including the US, Chile, China, India, Japan, Australia, South Korea, Germany, Italy, UK, France.
  • The report offers country level battery energy storage system market value and volume, for the year 2011, 2016, and 2021.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on battery energy storage system market are discussed.
  • The report provides competitive landscape at country level for the year 2016. It also covers key policies and initiatives, key deals, and key projects.




Reasons To Buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -

  • Facilitate decision-making by analyzing market data on battery energy storage systems
  • Develop strategies based on developments in the battery energy storage system market
  • Identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the battery energy storage system market
  • Respond to your competitors’ business structure, strategies, and prospects