Battery Energy Storage System for Power Grid Market Size and Growth Analysis 2024: Key Manufacturers, Latest Trends, Forecast to 2032
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 are manufacturers listed in the Battery Energy Storage System for Power Grid Market Report.
The Global “Battery Energy Storage System for Power Grid Market” 2024–2030 Research Report offers a detailed analysis, categorizing the market by Types (Lithium-Ion Batteries, Sodium–Sulfur Batteries, Lead-Acid Batteries, Others) and Applications (Residential, Utility & Commercial). This report explores consumer requirements, preferences, and expectations. It measures the size of the Battery Energy Storage System for Power Grid market, analyses competitors, examines industry trends, and estimates growth potential. The primary goal of Battery Energy Storage System for Power Grid market research is to address complex questions related to new product development, technological innovations, emerging market trends, and technology scouting and landscaping in strategic management. Additionally, it involves developing a go-to-market strategy, which includes creating marketing plans, defining target market profiles, and implementing sales and distribution strategies. The research also assesses the competitive environment to strategically position a product according to its life cycle and innovation curve.
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Market Analysis and Insights: Global Battery Energy Storage System for Power Grid Market
The global Battery Energy Storage System for Power Grid market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR during review period.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40percentage by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15percentage . The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80percentage . The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85percentage . The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98percentage . China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86percentage of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25percentage of the total global market scale, with an annual growth rate of 38percentage . The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128percentage , while the annual growth rate of energy scale reached 141percentage . The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 129percentage .
The report includes an overview of the development of the Battery Energy Storage System for Power Grid industry chain, the market status of Residential (Lithium-Ion Batteries, Sodium–Sulfur Batteries), Utility & Commercial (Lithium-Ion Batteries, Sodium–Sulfur Batteries), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Battery Energy Storage System for Power Grid.
Regionally, the report analyzes the Battery Energy Storage System for Power Grid markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Battery Energy Storage System for Power Grid market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Market segmentation
Battery Energy Storage System for Power Grid market is split by Type and by Application. For the period 2019-2030, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The major players covered in the Battery Energy Storage System for Power Grid market report are:
- 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
Market segment by Type, covers
- Lithium-Ion Batteries
- Sodium–Sulfur Batteries
- Lead-Acid Batteries
- Others
Market segment by Application can be divided into
- Residential
- Utility & Commercial
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Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
- Chapter 1, to describe Battery Energy Storage System for Power Grid product scope, market overview, market estimation caveats and base year.
- Chapter 2, to profile the top manufacturers of Battery Energy Storage System for Power Grid, with price, sales, revenue and global market share of Battery Energy Storage System for Power Grid from 2019 to 2024.
- Chapter 3, the Battery Energy Storage System for Power Grid competitive situation, sales quantity, revenue and global market share of top manufacturers are analysed emphatically by landscape contrast.
- Chapter 4, the Battery Energy Storage System for Power Grid breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
- Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
- Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Battery Energy Storage System for Power Grid market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
- Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
- Chapter 13, the key raw materials and key suppliers, and industry chain of Battery Energy Storage System for Power Grid.
- Chapter 14 and 15, to describe Battery Energy Storage System for Power Grid sales channel, distributors, customers, research findings and conclusion.
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Questions answered in the Battery Energy Storage System for Power Grid market research report:
- What is the Battery Energy Storage System for Power Grid market size?
- What are the market driving factors behind the Battery Energy Storage System for Power Grid market?
- What are the market trends and forecast for the global Battery Energy Storage System for Power Grid market?
- What are the trends and forecasts based on market research and analysis of Battery Energy Storage System for Power Grid market segmentation by type, application, and geography?
- Which are the major global Battery Energy Storage System for Power Grid companies?
- What is the CAGR and Revenue expected in future?
Detailed TOC of Global Battery Energy Storage System for Power Grid Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030
1 Battery Energy Storage System for Power Grid Market Overview
1.1 Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Revenue by Type: 2017 Versus 2021 Versus 2030
1.3 Market Analysis by Application
1.4 Global Market Size & Forecast
1.4.1 Global Sales in Value (2017 & 2021 & 2030)
1.4.2 Global Sales in Volume (2019-2030)
1.4.3 Global Price (2019-2030)
1.5 Global Production Capacity Analysis
1.5.1 Global Total Production Capacity (2019-2030)
1.5.2 Global Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Battery Energy Storage System for Power Grid Market Drivers
1.6.2 Battery Energy Storage System for Power Grid Market Restraints
1.6.3 Battery Energy Storage System for Power Grid Trends Analysis
2 Manufacturers Profiles
2.1 Manufacture 1
2.1.1 Manufacture 1 Details
2.1.2 Manufacture 1 Major Business
2.1.3 Manufacture 1 Battery Energy Storage System for Power Grid Product and Services
2.1.4 Manufacture 1 Battery Energy Storage System for Power Grid Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2024)
2.2 Manufacture 2
2.2.1 Manufacture 2 Details
2.2.2 Manufacture 2 Major Business
2.2.3 Manufacture 2 Battery Energy Storage System for Power Grid Product and Services
2.2.4 Manufacture 2 Battery Energy Storage System for Power Grid Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2024)
2.3 Manufacture 3
2.3.1 Manufacture 3 Details
2.3.2 Manufacture 3 Major Business
2.3.3 Manufacture 3 Battery Energy Storage System for Power Grid Product and Services
2.3.4 Manufacture 3 Battery Energy Storage System for Power Grid Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2024)
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3 Battery Energy Storage System for Power Grid Breakdown Data by Manufacturer
3.1 Global Battery Energy Storage System for Power Grid Sales in Volume by Manufacturer (2019, 2020, 2021, and 2024)
3.2 Global Battery Energy Storage System for Power Grid Revenue by Manufacturer (2019, 2020, 2021, and 2024)
3.3 Key Manufacturer Market Position in Battery Energy Storage System for Power Grid
3.4 Market Concentration Rate
3.4.1 Top 3 Battery Energy Storage System for Power Grid Manufacturer Market Share in 2021
3.4.2 Top 6 Battery Energy Storage System for Power Grid Manufacturer Market Share in 2021
3.5 Global Battery Energy Storage System for Power Grid Production Capacity by Company: 2021 VS 2024
3.6 Manufacturer by Geography: Head Office and Battery Energy Storage System for Power Grid Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Battery Energy Storage System for Power Grid Market Analysis by Region
4.1 Global Market Size by Region
4.1.1 Global Sales in Volume by Region (2019-2030)
4.1.2 Global Revenue by Region (2019-2030)
4.2 North America Battery Energy Storage System for Power Grid Revenue (2019-2030)
4.3 Europe Battery Energy Storage System for Power Grid Revenue (2019-2030)
4.4 Asia-Pacific Revenue (2019-2030)
4.5 South America Revenue (2019-2030)
4.6 Middle East and Africa Revenue (2019-2030)
5 Battery Energy Storage System for Power Grid Market Segment by Type
5.1 Global Sales in Volume by Type (2019-2030)
5.2 Global Revenue by Type (2019-2030)
5.3 Global Price by Type (2019-2030)
6 Battery Energy Storage System for Power Grid Market Segment by Application
6.1 Global Sales in Volume by Application (2019-2030)
6.2 Global Revenue by Application (2019-2030)
6.3 Global Price by Application (2019-2030)
7 North America by Country, by Type, and by Application
7.1 North America Battery Energy Storage System for Power Grid Sales by Type (2019-2030)
7.2 North America Battery Energy Storage System for Power Grid Sales by Application (2019-2030)
7.3 North America Battery Energy Storage System for Power Grid Market Size by Country
7.3.1 North America Battery Energy Storage System for Power Grid Sales in Volume by Country (2019-2030)
7.3.2 North America Battery Energy Storage System for Power Grid Revenue by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe by Country, by Type, and by Application
8.1 Europe Battery Energy Storage System for Power Grid Sales by Type (2019-2030)
8.2 Europe Battery Energy Storage System for Power Grid Sales by Application (2019-2030)
8.3 Europe Battery Energy Storage System for Power Grid Market Size by Country
8.3.1 Europe Battery Energy Storage System for Power Grid Sales in Volume by Country (2019-2030)
8.3.2 Europe Battery Energy Storage System for Power Grid Revenue by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific by Region, by Type, and by Application
9.1 Asia-Pacific Battery Energy Storage System for Power Grid Sales by Type (2019-2030)
9.2 Asia-Pacific Battery Energy Storage System for Power Grid Sales by Application (2019-2030)
9.3 Asia-Pacific Battery Energy Storage System for Power Grid Market Size by Region
9.3.1 Asia-Pacific Battery Energy Storage System for Power Grid Sales in Volume by Region (2019-2030)
9.3.2 Asia-Pacific Battery Energy Storage System for Power Grid Revenue by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America by Region, by Type, and by Application
10.1 South America Battery Energy Storage System for Power Grid Sales by Type (2019-2030)
10.2 South America Battery Energy Storage System for Power Grid Sales by Application (2019-2030)
10.3 South America Battery Energy Storage System for Power Grid Market Size by Country
10.3.1 South America Battery Energy Storage System for Power Grid Sales in Volume by Country (2019-2030)
10.3.2 South America Battery Energy Storage System for Power Grid Revenue by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Battery Energy Storage System for Power Grid Sales by Type (2019-2030)
11.2 Middle East & Africa Battery Energy Storage System for Power Grid Sales by Application (2019-2030)
11.3 Middle East & Africa Battery Energy Storage System for Power Grid Market Size by Country
11.3.1 Middle East & Africa Battery Energy Storage System for Power Grid Sales in Volume by Country (2019-2030)
11.3.2 Middle East & Africa Battery Energy Storage System for Power Grid Revenue by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Raw Material and Industry Chain
12.1 Raw Material of Battery Energy Storage System for Power Grid and Key Manufacturers
12.2 Manufacturing Costs Percentage of Battery Energy Storage System for Power Grid
12.3 Battery Energy Storage System for Power Grid Production Process
12.4 Battery Energy Storage System for Power Grid Industrial Chain
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Battery Energy Storage System for Power Grid Typical Distributors
13.3 Battery Energy Storage System for Power Grid Typical Customers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Research Process and Data Source
15.3 Disclaimer
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