The grid connected battery energy storage system is an integration of battery with a two way power converter that connects the direct current battery to the alternate current grid, and a real-time control software that helps to balance the frequency and power flows, while optimizing the efficiency and service life of the system.
Market Dynamics
Increasing investment in renewable energy projects is one of the major driving factors for growth of the market. For instance, in 2018, AVAADA Energy, an India-based company, announced that they have signed a Memorandum of Understanding with Indian government to invest US$ 1.55 billion for the development of 1,600 MW solar project in Uttar Pradesh, India. Similarly, in 2017, the U.K. government announced plans to invest US$ 655 million (Euro 557) for renewable energy as part of the government’s Clean Growth Strategy. Moreover, high production of renewable energy in European countries have accelerated growth of the grid connected battery storage market. For instance, according to Coherent Market Insights, in Germany 34% of the total electricity was produced by renewable resources in 2017. Similarly, in Spain 32% of the total electricity was produced by renewable resources in 2017.
Key features of the study:
This report provides in-depth analysis of grid connected battery energy storage market, market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year.
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global grid connected battery energy storage market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, grid connected battery energy storage market capital, key developments, strategies, and future plans.
Companies covered as part of this study include NGK Insulators Ltd., BYD Company, NEC Corporation, Samsung SDI Co., LG Electronics Inc., Xtreme Power, Saft Groupe S.A., AES Energy Storage, Alevo, Delco, Altair Nanotechnologies Inc., EnerDel, GNB Corporation, Ecoult, and Powertree Services Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics.
The global grid connected battery energy storage market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global grid connected battery energy storage market.
Detailed Segmentation:
Global Grid Connected Battery Energy Storage Market, By Battery Type:
Lithium-Ion Battery
Lead Acid Battery
Others
Global Grid Connected Battery Energy Storage Market, By End Users:
Residential
Industrial
Utilities
Others
Global Grid Connected Battery Energy Storage Market, By Geography:
North America
By Battery Type
Lithium-Ion Battery
Lead Acid Battery
Others
By End Users
Residential
Industrial
Utilities
Others
By Country:
U.S.
Canada
Europe
By Battery Type
Lithium-Ion Battery
Lead Acid Battery
Others
By End Users
Residential
Industrial
Utilities
Others
By Country:
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Battery Type
Lithium-Ion Battery
Lead Acid Battery
Others
By End Users
Residential
Industrial
Utilities
Others
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Battery Type
Lithium-Ion Battery
Lead Acid Battery
Others
By End Users
Residential
Industrial
Utilities
Others
By Country:
Brazil
Mexico
Rest of Latin America
Middle East
By Battery Type
Lithium-Ion Battery
Lead Acid Battery
Others
By End Users
Residential
Industrial
Utilities
Others
By Country:
GCC CountriesIsrael
Rest of Middle East
Africa
By Battery Type
Lithium-Ion Battery
Lead Acid Battery
Others
By End Users
Residential
Industrial
Utilities
Others
By Country:
Northern Africa
Central Africa
South Africa
Company Profiles
NGK Insulators Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
BYD Company
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
NEC Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
Samsung SDI Co.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
LG Electronics Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
Xtreme Power
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
Saft Groupe S.A.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
AES Energy Storage
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
Alevo
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
Delco
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
Altair Nanotechnologies Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
EnerDel
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
GNB Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
Ecoult
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
Powertree Services Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/ Updates
Table of Content
1. Research Objectives and assumption
• Research Objectives
• Assumptions
• Abbreviations
2. Market Purview
• Report Description
o Market Definition and Scope
• Executive Summary
o Market Snippet By Battery Type
o Market Snippet By End User
o Market Snippet By Region
• Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
• Market Dynamics
o Drivers
o Restraints
o Market Opportunities
• Regulatory Scenario
• Industry Trends
• Value Chain Analysis
• Merger and Acquisitions
• New Product Approvals/Launch
• Porter's Analysis
• PEST Analysis
4. Global Grid Connected Battery Storage Market, By Battery Type, 2015 - 2025 (US$ Million)
• Introduction
o Market Share Analysis, 2017 and 2025 (%)
o Segment Trends
• Lithium-Ion Battery
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
• Lead Acid Battery
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
• Others
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
5. Global Grid Connected Battery Storage Market, By End User, 2015 - 2025 (US$ Million)
• Introduction
o Market Share Analysis, 2017 and 2025 (%)
o Segment Trends
• Residential
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
• Industrial
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
• Utilities
o Introduction
o Market Size and Forecast, 2017 - 2025, (US$ Million)
6. Global Grid Connected Battery Storage Market, By Geography, 2015 - 2025 (US$ Million)
• Introduction
o Market Share Analysis, By Region, 2017 and 2025 (%)
o Regional Trends
• North America
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By End User, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o U.S.
o Canada
• Europe
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By End User, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o Germany
o U.K.
o Italy
o France
o Spain
o Russia
o Rest of Europe
• Asia Pacific
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By End User, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o China
o India
o Japan
o ASEAN
o Australia
o South Korea
o Rest of Asia Pacific
• Latin America
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By End User, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o Brazil
o Mexico
o Argentina
o Rest of Latin America
• Middle East
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By End User, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o GCC Countries
o Israel
o Rest of Middle East
• Africa
o Introduction
o Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million)
o Market Size and Forecast, By End User, 2017 - 2025 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2025 (%)
o Northern Africa
o Central Africa
o South Africa
7. Competitive Landscape
o NGK Insulators Ltd.
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o BYD
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o NEC
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Samsung SDI
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o LG
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Xtreme Power
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Saft
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o AES Energy Storage
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Alevo
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Delco
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Altair Nanotechnologies Inc.
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o EnerDel
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o GNB Corporation
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Ecoult
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
o Powertree Services Inc.
o Company Highlights
o Key Developments
o Product Portfolio
o Strategic Presence
• Analyst Views
8. Section
• References
• Research Methodology
• About us and Sales Contact
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