Market Analysis and Insights: Global Battery Energy Storage System for Power Grid Market
Due to the COVID-19 pandemic, the global Battery Energy Storage System for Power Grid market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Lithium-Ion Batteries accounting for % of the Battery Energy Storage System for Power Grid global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Residential segment is altered to an % CAGR throughout this forecast period.
China Battery Energy Storage System for Power Grid market size is valued at US$ million in 2021, while the US and Europe Battery Energy Storage System for Power Grid are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Battery Energy Storage System for Power Grid landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
The global key manufacturers of Battery Energy Storage System for Power Grid include Samsung SDI, LG Chem, Fluence, Hitachi, Kokam, LS Energy Solutions, SMA Solar Technology, NGK Insulators and GE, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Battery Energy Storage System for Power Grid capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Battery Energy Storage System for Power Grid by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Battery Energy Storage System for Power Grid Scope and Segment
Battery Energy Storage System for Power Grid market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Battery Energy Storage System for Power Grid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Lithium-Ion Batteries
Sodium–Sulfur Batteries
Lead-Acid Batteries
Others
Segment by Application
Residential
Utility & Commercial
By Company
Samsung SDI
LG Chem
Fluence
Hitachi
Kokam
LS Energy Solutions
SMA Solar Technology
NGK Insulators
GE
Primus Power
Panasonic
BYD Energy
Aggreko
ABB
Saft
Eos Energy Storage
Exergonix
Con Edison Solutions
East Penn Manufacturing
Enerdel
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E