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Global Advanced Battery Energy Storage System Market Size study, by Technology (Solid State Batteries, Flow Battery, Thermal Energy Storage, Pumped Hydro Storage), by Application (Residential, Commercial, Industrial, Utility) and Regional Forecasts 2020-2027


ID : 63163 Date : Apr 2021 Pages : 200 Pages Publisher : BRCLLP Industry : Energy nd Power




Global Advanced Battery Energy Storage System Market is valued at approximately USD 151.96 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2020-2027. Battery energy storage systems can store viable amount of energy from renewable sources, such as wind and sun. This means that the power grids can be supplied, through using clean, natural sources, preserving on energy production costs, and preventing the distribution of pollutants into the environment. Power storage is a benefit as a consequence of its swift response and as compared to any fossil fuel, storage technologies can deliver energy much more rapidly. This is a vital benefit particularly when the consumption of electricity increases and surpasses the supply. Therefore, rising focus toward improving the cost competitiveness of the power grid by safeguarding high stability, coupled with extensive adoption of clean energy sources will strengthen the demand for advanced battery energy storage system market. For instance, the government of Saudi Arabia has announced the initiative for renewable energy funding of USD 28 billion in October 2019 that offers a loan as high as 1.2 billion riyals USD 0.32 billion for clean energy projects. Thus, the increased availability of funds and grant for clean energy projects may fuel the demand for advanced battery energy storage system market. Utilization of sophisticated batteries in electric vehicles and fuel-based vehicles can allow fuel-efficient and cost-effective method for powering the vehicles. Therefore, the rise in production and sales of automotive vehicles, along with growing demand for technologically advanced grid infrastructure are the few factors responsible for the high CAGR of the market during the forecast period. For instance, the Edison Electric Institute EEI found that the global sale of electric vehicles EVs was almost 312,000 units in first quarter of 2018, indicating an increase of 58% from first quarter of 2017 197,000 units. Likewise, as per the Bloomberg New Energy Finance BNEF report 2019, the sales of electric vehicles likely to reach almost 54 million by the year 2040 worldwide, which is nearly 32% of the world passenger vehicles. Therefore, the healthy growing sales of electric vehicles is likely to create huge demand for sophisticated battery energy storage system to enhance the switching speed while avoiding power losses, resulting in higher market growth over the forecast period. However, the high capital investment, coupled with the concern on environment safety are the few factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Advanced Battery Energy Storage System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the rising government support to implement advanced solutions in grid network, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising application of these systems in electric vehicles and increasing power demand across developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the advanced battery energy storage system market in the Asia-Pacific region.

Major market player included in this report are:
ABB Ltd.
AES Corp.
Ecoult Energy Storage Solutions
LG Chem Ltd.
Lockheed Martin
GS Yuasa Corp.
Samsung SDI Co.
General Electric
Mitsubishi Heavy Industries
Panasonic Corp.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Solid State Batteries
Flow Battery
Thermal Energy Storage
Pumped Hydro Storage

By Application:
Residential
Commercial
Industrial
Utility

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Advanced Battery Energy Storage System Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 USD Billion
1.2.1. Advanced Battery Energy Storage System Market, by Region, 2018-2027 USD Billion
1.2.2. Advanced Battery Energy Storage System Market, by Technology, 2018-2027 USD Billion
1.2.3. Advanced Battery Energy Storage System Market, by Application, 2018-2027 USD Billion
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Advanced Battery Energy Storage System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Advanced Battery Energy Storage System Market Dynamics
3.1. Advanced Battery Energy Storage System Market Impact Analysis 2018-2027
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Advanced Battery Energy Storage System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model 2017-2027
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Advanced Battery Energy Storage System Market, by Technology
5.1. Market Snapshot
5.2. Global Advanced Battery Energy Storage System Market by Technology, Performance - Potential Analysis
5.3. Global Advanced Battery Energy Storage System Market Estimates & Forecasts by Technology 2017-2027 USD Billion
5.4. Advanced Battery Energy Storage System Market, Sub Segment Analysis
5.4.1. Solid State Batteries
5.4.2. Flow Battery
5.4.3. Thermal Energy Storage
5.4.4. Pumped Hydro Storage
Chapter 6. Global Advanced Battery Energy Storage System Market, by Application
6.1. Market Snapshot
6.2. Global Advanced Battery Energy Storage System Market by Application, Performance - Potential Analysis
6.3. Global Advanced Battery Energy Storage System Market Estimates & Forecasts by Application 2017-2027 USD Billion
6.4. Advanced Battery Energy Storage System Market, Sub Segment Analysis
6.4.1. Residential
6.4.2. Commercial
6.4.3. Industrial
6.4.4. Utility
Chapter 7. Global Advanced Battery Energy Storage System Market, Regional Analysis
7.1. Advanced Battery Energy Storage System Market, Regional Market Snapshot
7.2. North America Advanced Battery Energy Storage System Market
7.2.1. U.S. Advanced Battery Energy Storage System Market
7.2.1.1. Technology breakdown estimates & forecasts, 2017-2027
7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Advanced Battery Energy Storage System Market
7.3. Europe Advanced Battery Energy Storage System Market Snapshot
7.3.1. U.K. Advanced Battery Energy Storage System Market
7.3.2. Germany Advanced Battery Energy Storage System Market
7.3.3. France Advanced Battery Energy Storage System Market
7.3.4. Spain Advanced Battery Energy Storage System Market
7.3.5. Italy Advanced Battery Energy Storage System Market
7.3.6. Rest of Europe Advanced Battery Energy Storage System Market
7.4. Asia-Pacific Advanced Battery Energy Storage System Market Snapshot
7.4.1. China Advanced Battery Energy Storage System Market
7.4.2. India Advanced Battery Energy Storage System Market
7.4.3. Japan Advanced Battery Energy Storage System Market
7.4.4. Australia Advanced Battery Energy Storage System Market
7.4.5. South Korea Advanced Battery Energy Storage System Market
7.4.6. Rest of Asia Pacific Advanced Battery Energy Storage System Market
7.5. Latin America Advanced Battery Energy Storage System Market Snapshot
7.5.1. Brazil Advanced Battery Energy Storage System Market
7.5.2. Mexico Advanced Battery Energy Storage System Market
7.6. Rest of The World Advanced Battery Energy Storage System Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. ABB Ltd.
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial Subject to Data Availability
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. AES Corp.
8.2.3. Ecoult Energy Storage Solutions
8.2.4. LG Chem Ltd.
8.2.5. Lockheed Martin
8.2.6. GS Yuasa Corp.
8.2.7. Samsung SDI Co.
8.2.8. General Electric
8.2.9. Mitsubishi Heavy Industries
8.2.10. Panasonic Corp.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
List of figures
FIG 1. Global Advanced Battery Energy Storage System market, research methodology
FIG 2. Global Advanced Battery Energy Storage System market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Advanced Battery Energy Storage System market, key trends 2019
FIG 5. Global Advanced Battery Energy Storage System market, growth prospects 2020-2027
FIG 6. Global Advanced Battery Energy Storage System market, porters 5 force model
FIG 7. Global Advanced Battery Energy Storage System market, pest analysis
FIG 8. Global Advanced Battery Energy Storage System market, value chain analysis
FIG 9. Global Advanced Battery Energy Storage System market by segment, 2017 & 2027 USD Billion
FIG 10. Global Advanced Battery Energy Storage System market by segment, 2017 & 2027 USD Billion
FIG 11. Global Advanced Battery Energy Storage System market by segment, 2017 & 2027 USD Billion
FIG 12. Global Advanced Battery Energy Storage System market by segment, 2017 & 2027 USD Billion
FIG 13. Global Advanced Battery Energy Storage System market by segment, 2017 & 2027 USD Billion
FIG 14. Global Advanced Battery Energy Storage System market by segment, 2017 & 2027 USD Billion
FIG 15. Global Advanced Battery Energy Storage System market by segment, 2017 & 2027 USD Billion
FIG 16. Global Advanced Battery Energy Storage System market by segment, 2017 & 2027 USD Billion
FIG 17. Global Advanced Battery Energy Storage System market, regional snapshot 2017 & 2027
FIG 18. North America Advanced Battery Energy Storage System market 2017 & 2027 USD Billion
FIG 19. Europe Advanced Battery Energy Storage System market 2017 & 2027 USD Billion
FIG 20. Asia-Pacific Advanced Battery Energy Storage System market 2017 & 2027 USD Billion
FIG 21. Latin America Advanced Battery Energy Storage System market 2017 & 2027 USD Billion
FIG 22. Global Advanced Battery Energy Storage System market, company market share analysis 2019


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