The battery energy storage system market is expected to grow at a CAGR of 37.0% between 2016 and 2022 and is expected to reach USD 6.81 Billion by 2022.

The growth of the market is driven by the increasing demand for grid connected solutions, growing electric vehicle market, high requirement of lithium-ion batteries in various applications, and government support.

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The transportation sector expected to lead the battery energy storage system market
The residential sector expected to grow at a high rate between 2016 and 2022
APAC expected to hold the largest market share by 2022

Companies involved in the development of battery energy storage system include ABB Ltd. (Switzerland), AEG Power Solutions (The Netherland), General Electric Co. (U.S.), Hitachi ltd (Japan), LG Chem. (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Samsung SDI Co., ltd. (South Korea), Siemens AG (Germany), and Tesla Motors ltd. (U.S.).

Browse 75 market data tables and 77 figures spread through 165 pages and in-depth TOC on “Battery Energy Storage System Market

Key Target Audience:

Battery energy storage system developers
Grid connected solution providers
Research organizations
Technology investors
Technology standards organizations
Associations, forums, and alliances related to battery energy storage system
Government bodies such as regulating authorities and policy makers

“Study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report

The research report segments the battery energy storage system market into the following submarkets:

By Battery Type:

Lithium-Ion Batteries
Advanced Lead-Acid Batteries
Flow Batteries
Sodium-Sulfur (NAS) Batteries
Others

By Connection Type:

On-Grid
Off-Grid

By Ownership:

Customer-Owned
Utility-Owned
Third-Party-Owned

By Revenue Source:

Hardware
Software & Services

By Application:

Residential
Non-Residential
Utility
Transportation
Others

By Geography:

Americas
Europe
Asia-Pacific
Rest of the World

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players

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