Lithium-ion Battery Energy Storage Market Analysis and Forecast to 2032: By Application (Commercial, Industrial, Residential), Connection Type (On-grid, Off-grid), and Region

Market Overview

The global Lithium-ion Battery Energy Storage Market was valued at US$ 6.2 billion in 2022 and it is anticipated to grow up to US$ 18.4 billion by 2032, at a CAGR of 11.4% during the forecast period.

An electrochemical device that charges or absorbs energy from the grid or a power plant and then releases that energy to deliver electricity or other grid services when needed. Battery storage is a critical technology that may improve power system flexibility while also allowing for significant levels of renewable energy integration. Modern lithium-ion battery energy storage systems typically contain an inverter and computerized control systems, making them simple to install, generally maintenance-free, and requiring little human effort or knowledge. End customers of battery energy storage devices include both business and residential entities. Peak shaving, load shifting, emergency backup, and different grid services are examples of commercial end users. Self-consumption, off-grid houses, and emergency backup are examples of residential end-users.

Global Lithium-ion Battery Energy Storage Market Scope and Report Structure

Report Attribute Details
Market Size in 2022$6.2 bn
Market Size in 2032$18.4 bn
Growth Rate (2023-32)11.4%
Historic Period2016-2021
Forecast Period2023-2032
Base Year2022
Segments CoveredApplication, Connection Type
Key CompaniesABB Ltd. , Toshiba Corporation, LG Electronics Inc. , Siemens AG , Panasonic Corporation, Hitachi Ltd., Parker Hannifin Corporation, Samsung Electronics Co Ltd, Honeywell International Inc. , and Jakson Group among others
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments

Market Drivers and Trends

One of the key factors driving the growth of the worldwide Lithium-ion Battery Energy Storage Market is the wind farms continue to enhance the environmental effect and safety of energy storage systems by increasing their quality, quantity, and dependability. Because of increasing demand for renewable energy and carbon reduction, battery storage systems are becoming more popular. Batteries have the potential to greatly increase power users’ desire for clean energy by balancing the irregular nature of renewable energy sources.

Market Restraints and Challenges

Overheating, excessive voltage sensitivity, and potential fire dangers are all issues with lithium-ion batteries. These problems might be difficult to manage since they need adequate safety devices to regulate internal pressures and voltage. As a result, safety precautions frequently add to the weight and reduce the effectiveness of lithium-ion batteries. When these batteries are damaged, they still carry energy that must be dissipated before touching or interacting with impacted cells. Furthermore, the substantial initial investment necessary to construct lithium-ion battery energy storage systems may stifle industry expansion.

Global Lithium-ion Battery Energy Storage Market Segmental Overview

The report analyses the global Lithium-ion Battery Energy Storage Market based on application, connection type, and region.

Global Lithium-ion Battery Energy Storage Market by Application

Based on application, the Lithium-ion Battery Energy Storage Market is segmented into commercial, industrial, and residential. The industrial segment is expected to dominate the market during the forecast period. Furthermore, the growing trend towards a low-carbon, less-fossil-fuel-based economy, as well as the ongoing renewable energy revolution, are predicted to fuel the expansion of the lithium-ion battery energy storage system business. On the contrary, factors such as the rapid increase in the number of rural electrification projects worldwide, the increased need for continuous power supply, particularly for the growing number of data centers, and the decline in lithium-ion battery prices are expected to create massive opportunities for the widespread use of lithium-ion battery energy storage systems in the near future.

Global Lithium-ion Battery Energy Storage Market by Connection Type

By connection type, the market is classified into on grid, and off grid. The on-grid segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. The lithium-ion battery energy storage system market is predicted to develop significantly during the forecast period, owing to increased demand for grid energy storage systems for ongoing grid modernization and fast penetration of lithium-ion batteries in the renewable energy sector.

Geographical Analysis of Global Lithium-ion Battery Energy Storage Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific has the biggest market share in terms of Lithium-ion Battery Energy Storage Market value followed by Europe. This is Due to new product advancements and considerable increases in investment by key companies and government institutions, China is likely to emerge as a prominent market for the lithium-ion battery energy storage system sector. The Asia-Pacific region’s well-established electronics sector and the adoption of innovative technologies have provided the region’s organizations with a competitive advantage in the market.

Furthermore, In Europe, the United Kingdom leads the lithium-ion battery energy storage system market in terms of revenue in 2022, and this trend is likely to continue during the forecast period. Germany, on the other hand, is expected to emerge as the fastest-growing nation in Europe’s lithium-ion battery energy storage system market, with a notable CAGR, owing to advancements in the automotive industry, which drives the use of microelectronics in the country, creating lucrative possibilities for the lithium-ion battery energy storage system market in Germany.

Major Players in the Global Lithium-ion Battery Energy Storage Market

The key players studied in the global Lithium-ion Battery Energy Storage Market are ABB Ltd. , Toshiba Corporation, LG Electronics Inc. , Siemens AG , Panasonic Corporation, Hitachi Ltd., Parker Hannifin Corporation, Samsung Electronics Co Ltd, Honeywell International Inc. , and Jakson Group among others.

COVID-19 Impact

The COVID-19 epidemic has had a tremendous impact on the lithium-ion battery energy storage system industry. Because of the crises and labor shortages, industry and manufacturing facilities throughout the world are shutting down as governments in various nations impose and prolong lockdowns. The market is expected to decline in 2019-2020, based on the input of various industry experts at various stages of the value chain, which includes OEMs, suppliers, integrators, end users, and distributors, in addition to the economic output of various companies in the lithium-ion battery energy storage system ecosystem. Furthermore, the pandemic epidemic interrupted the worldwide supply network, resulting in a huge gap in the supply chain. The epidemic had a terrible financial impact. The leading companies in the lithium-ion battery energy storage system market saw a temporary dip owing to a shortage of competent specialists to create lithium-ion battery energy storage system solutions, resulting in a fall in turnover in the 2020-2021 fiscal year. The market, however, is predicted to rebound after 2021 and to continue in the growth phase throughout the projection period.

Recent Developments

  • In 2023, The US Defence Advanced Research Projects Agency’s (DARPA) Materials with Novel Transport Properties (MINT) program awarded GE Research two projects. The programs intend to investigate the feasibility of creating perpetually lasting metal materials and batteries. The discovery might lead to self-healing metals that are corrosion-resistant and nondegradable. The research is being funded by DARPA in order to fulfill its aim of prolonging the life of essential infrastructure and systems. GE Research’s participation in the program is part of the company’s continuous efforts to create new technologies and materials with major significance for a variety of sectors.
  • In February 2022, to extend its Energy Storage System (ESS) business offerings, LG Energy Solution purchased NEC Energy Solutions, a grid battery integrator located in the United States. The battery maker has entirely bought NEC Energy Solutions from its parent company, NEC Corporation, based in Japan. With the agreement, LGES will form a new firm called LG Energy Solution Vertech. Inc. .
  • In January 2022, CATL has engaged in a strategic partnership with TES Sustainable Battery Solutions, a developer of energy storage solutions. The firms’ Overseas Strategic Agreement (OSA) will allow TES to provide its services to CATL energy storage system consumers throughout Asia Pacific, the Middle East Africa, and Europe. The partnership between the companies will spread the after-sales services of both companies due to enhanced services, which will increase the organizations’ client base in the next years.
  • In November 2021, Hitachi Energy introduced upgraded and enhanced versions of its power store battery energy storage system (BESS) products, as well as other new and updated grid edge solutions products and services.
  • In October 2021, to fulfill the demand for sustainable energy storage, Honeywell introduced a novel flow battery technology that works with renewable power sources such as wind and solar. The novel flow battery employs a non-flammable electrolyte that transfers chemical energy to electricity to store energy for later use while achieving utilities’ environmental, lifespan, and safety goals.
  • In January 2021, Toshiba Corporation introduced the G9400 Series of uninterruptible power supplies for big data centers throughout the world. The product is equipped with superior insulated-gate bipolar transistor (IGBT) technology and comes in a variety of variants. This product introduction will assist the organization in expanding its consumer base.

Frequently Asked Questions

Q1. How big is the Lithium-ion Battery Energy Storage Market?

Ans. The global Lithium-ion Battery Energy Storage Market size was US$ 6.2 billion in 2022 and is anticipated to reach US$ 18.4 billion in 2032, growing at a rate of 11.4% from 2022 to 2032.

Q2. What is the Lithium-ion Battery Energy Storage Market growth rate?

Ans. The growth rate of the Lithium-ion Battery Energy Storage Market is 11.4% from 2022 to 2032.

Q3. Which region holds a major market share for the Lithium-ion Battery Energy Storage Market?

Ans. Asia-Pacific holds a major market share of the Lithium-ion Battery Energy Storage Market in 2022.

Q4. Which segment accounted for the largest Lithium-ion Battery Energy Storage Market share?

Ans. Based on application, the Lithium-ion Battery Energy Storage Market is segmented into commercial, industrial, and residential. The industrial segment is expected to dominate the market during the forecast period.

Q5. Who are the key players in the Lithium-ion Battery Energy Storage Market?

Ans. The global Lithium-ion Battery Energy Storage Market report includes players such as ABB Ltd. , Toshiba Corporation, LG Electronics Inc. , Siemens AG , Panasonic Corporation, Hitachi Ltd., Parker Hannifin Corporation, Samsung Electronics Co Ltd, Honeywell International Inc. , and Jakson Group among others.

Q6. What are the factors driving the Lithium-ion Battery Energy Storage Market growth?

Ans. The major factor driving the growth of the market is the increasing demand for renewable energy.

Q7. What are the key growth strategies of Lithium-ion Battery Energy Storage Market players?

Ans. The key growth strategies of Lithium-ion Battery Energy Storage Market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the Lithium-ion Battery Energy Storage Market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Lithium-ion Battery Energy Storage Market during the forecast period.

Why GIS?

Table of Contents

Chapter 1. Lithium-ion Battery Energy Storage Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Years & Currency Considered in the Study
1.5. Research Methodologies
1.5.1. Secondary Research
1.5.1.1. Data Collection
1.5.1.2. List of Secondary Sources
1.5.1.3. Key Data from Secondary Sources
1.5.2. Primary Research
1.5.2.1. List of Primary Research Sources
1.5.3. Market Turbine Capacity Estimation: Top-Down Approach
1.5.4. Market Turbine Capacity Estimation: Bottom-Up Approach
1.5.5. Data Triangulation and Validation

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
2.3. Analyst’s Review

Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, by Region
3.2. Market Attractiveness Analysis, by Application
3.3. Market Attractiveness Analysis, by Connection Type

Chapter 4. Lithium-ion Battery Energy Storage Market Outlook
4.1. Lithium-ion Battery Energy Storage Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Lithium-ion Battery Energy Storage Market
4.7. Impact of the Russia and Ukraine War on the Lithium-ion Battery Energy Storage Market
4.8. Parent Market Analysis
4.9. Floating Wind Power Ecosystem Analysis
4.10. Case Study Analysis
4.11. Pricing Analysis
4.12. Regulatory Landscape
4.13. Patent Analysis
4.14. Technology Trend Analysis

Chapter 5. Lithium-ion Battery Energy Storage Market, by Application
5.1. Market Overview
5.2. Industrial
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, by Region
5.3. Commercial
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region
5.4. Residential
5.4.1. Key Market Trends & Opportunity Analysis
5.4.2. Market Size and Forecast, by Region

Chapter 6. Lithium-ion Battery Energy Storage Market, by Connection Type
6.1. Market Overview
6.2. On-grid
6.2.1. Key Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, by Region
6.3. Off- grid
6.3.1. Key Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, by Region

Chapter 7. Lithium-ion Battery Energy Storage Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.2.3. North America Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.2.4. North America Lithium-ion Battery Energy Storage Market Size and Forecast, by Country
7.2.5. The U.S.
7.2.5.1. The U.S. Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.2.5.2. The U.S. Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.2.6. Canada
7.2.6.1. Canada Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.2.6.2. Canada Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.2.7. Mexico
7.2.7.1. Mexico Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.2.7.2. Mexico Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.3. Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.4. Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Country
7.3.5. The U.K.
7.3.5.1. The U.K. Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.5.2. The U.K. Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.6. Germany
7.3.6.1. Germany Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.6.2. Germany Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.7. France
7.3.7.1. France Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.7.2. France Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.8. Spain
7.3.8.1. Spain Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.8.2. Spain Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.9. Italy
7.3.9.1. Italy Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.9.2. Italy Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.10. Netherlands
7.3.10.1. Netherlands Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.10.2. Netherlands Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.11. Sweden
7.3.11.1. Sweden Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.11.2. Sweden Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.12. Switzerland
7.3.12.1. Switzerland Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.12.2. Switzerland Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.13. Denmark
7.3.13.1. Denmark Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.13.2. Denmark Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.14. Finland
7.3.14.1. Finland Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.14.2. Finland Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.15. Russia
7.3.15.1. Russia Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.15.2. Russia Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.3.16. Rest of Europe
7.3.16.1. Rest of Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.3.16.2. Rest of Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Lithium-ion Battery Energy Storage Market Size and Forecast, by Country
7.4.3. Asia-Pacific Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.4. Asia-Pacific Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.5. China
7.4.5.1. China Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.5.2. China Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.6. India
7.4.6.1. India Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.6.2. India Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.7. Japan
7.4.7.1. Japan Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.7.2. Japan Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.8. South Korea
7.4.8.1. South Korea Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.8.2. South Korea Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.9. Australia
7.4.9.1. Australia Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.9.2. Australia Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.10. Singapore
7.4.10.1. Singapore Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.10.2. Singapore Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.11. Indonesia
7.4.11.1. Indonesia Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.11.2. Indonesia Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.12. Taiwan
7.4.12.1. Taiwan Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.12.2. Taiwan Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.13. Malaysia
7.4.13.1. Malaysia Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.13.2. Malaysia Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.4.14. Rest of APAC
7.4.14.1. Rest of APAC Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.4.14.2. Rest of APAC Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.5. Rest of The World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of The World Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.5.3. Rest of The World Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.5.4. Rest of The World Lithium-ion Battery Energy Storage Market Size and Forecast, by Country
7.5.5. Latin America
7.5.5.1. Latin America Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.5.5.2. Latin America Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.5.6. Middle East
7.5.6.1. Middle East Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.5.6.2. Middle East Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type
7.5.7. Africa
7.5.7.1. Africa Lithium-ion Battery Energy Storage Market Size and Forecast, by Application
7.5.7.2. Africa Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Competitive Leadership Mapping
8.3.1. Star Players
8.3.2. Innovators
8.3.3. Emerging Players
8.4. Vendor Benchmarking
8.5. Developmental Strategy Benchmarking
8.5.1. New Product Developments
8.5.2. Product Launches
8.5.3. Business Expansions
8.5.4. Partnerships, Joint Ventures, and Collaborations
8.5.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. ABB Ltd.
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Toshiba Corporation
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. LG Electronics Inc.
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Siemens AG
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Panasonic Corporation
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Hitachi Ltd.
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Parker Hannifin Corporation
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Samsung Electronics Co Ltd
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Honeywell International Inc.
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Jakson Group
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis

*The List of Company Is Subject To Change During The Final Compilation of The Report

 

 

 

 

List of Tables
TABLE 1. Lithium-ion Battery Energy Storage Market Size by Application (USD Billion)
TABLE 2. Lithium-ion Battery Energy Storage Market Size by Connection Type (USD Billion)
TABLE 3. Lithium-ion Battery Energy Storage Market Size by Region (USD Billion)
TABLE 4. Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 5. Lithium-ion Battery Energy Storage Market Size and Forecast for Shallow Water, by Region (USD Billion)
TABLE 6. Lithium-ion Battery Energy Storage Market Size and Forecast for Transitional Water, by Region (USD Billion)
TABLE 7. Lithium-ion Battery Energy Storage Market Size and Forecast for Deep Water, by Region (USD Billion)
TABLE 8. Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 9. Lithium-ion Battery Energy Storage Market Size and Forecast for Up to 3 MW, by Region (USD Billion)
TABLE 10. Lithium-ion Battery Energy Storage Market Size and Forecast for 3 MW – 5 MW, by Region (USD Billion)
TABLE 11. Lithium-ion Battery Energy Storage Market Size and Forecast for Above 5 MW, by Region (USD Billion)
TABLE 12. North America Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 13. North America Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 14. North America Lithium-ion Battery Energy Storage Market Size and Forecast, by Country (USD Billion)
TABLE 15. The U.S. Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 16. The U.S. Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 17. Canada Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 18. Canada Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 19. Mexico Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 20. Mexico Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 21. Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 22. Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 23. Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Country (USD Billion)
TABLE 24. Germany Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 25. Germany Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 26. France Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 27. France Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 28. The UK Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 29. The UK Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 30. Spain Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 31. Spain Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 32. Italy Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 33. Italy Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 34. Netherlands Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 35. Netherlands Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 36. Sweden Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 37. Sweden Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 38. Switzerland Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 39. Switzerland Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 40. Denmark Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 41. Denmark Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 42. Russia Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 43. Russia Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 44. Rest of Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 45. Rest of Europe Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 46. Asia-Pacific Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 47. Asia-Pacific Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 48. Asia-Pacific Lithium-ion Battery Energy Storage Market Size and Forecast, by Country (USD Billion)
TABLE 49. China Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 50. China Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 51. Japan Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 52. Japan Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 53. India Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 54. India Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 55. South Korea Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 56. South Korea Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 57. Australia Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 58. Australia Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 59. Netherlands Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 60. Netherlands Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 61. Singapore Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 62. Singapore Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 63. Indonesia Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 64. Indonesia Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 65. Taiwan Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 66. Taiwan Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 67. Malaysia Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 68. Malaysia Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 69. Rest of Asia-Pacific Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 70. Rest of Asia-Pacific Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 71. Rest of the World Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 72. Rest of the World Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 73. Rest of the World Lithium-ion Battery Energy Storage Market Size and Forecast, by Country (USD Billion)
TABLE 74. Latin America Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 75. Latin America Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 76. Middle East Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 77. Middle East Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 78. Africa Lithium-ion Battery Energy Storage Market Size and Forecast, by Application (USD Billion)
TABLE 79. Africa Lithium-ion Battery Energy Storage Market Size and Forecast, by Connection Type (USD Billion)
TABLE 80. Vendor Benchmarking
TABLE 81. Strategy Benchmarking
TABLE 82. Emerson GmbH: Company Snapshot
TABLE 83. Emerson GmbH: Business Segments
TABLE 84. Emerson GmbH: Product offerings
TABLE 85. Emerson GmbH: Key Developmental Strategies
TABLE 86. Siements Gamesa: Company Snapshot
TABLE 87. Siements Gamesa: Business Segments
TABLE 88. Siements Gamesa: Product offerings
TABLE 89. Siements Gamesa: Key Developmental Strategies
TABLE 90. General Electric: Company Snapshot
TABLE 91. General Electric: Business Segments
TABLE 92. General Electric: Product offerings
TABLE 93. General Electric: Key Developmental Strategies
TABLE 94. Goldwind: Company Snapshot
TABLE 95. Goldwind: Business Segments
TABLE 96. Goldwind: Product offerings
TABLE 97. Goldwind: Key Developmental Strategies
TABLE 98. China High Speed Transmission Equipment Group Co. Ltd.: Company Snapshot
TABLE 99. China High Speed Transmission Equipment Group Co. Ltd.: Business Segments
TABLE 100. China High Speed Transmission Equipment Group Co. Ltd.: Product offerings
TABLE 101. China High Speed Transmission Equipment Group Co. Ltd.: Key Developmental Strategies
TABLE 102. Dongfang Electric Corp: Company Snapshot
TABLE 103. Dongfang Electric Corp: Business Segments
TABLE 104. Dongfang Electric Corp: Product offerings
TABLE 105. Dongfang Electric Corp: Key Developmental Strategies
TABLE 106. EMERGYA WIND TECHNOLOGIES BV: Company Snapshot
TABLE 107. EMERGYA WIND TECHNOLOGIES BV: Business Segments
TABLE 108. EMERGYA WIND TECHNOLOGIES BV: Product offerings
TABLE 109. EMERGYA WIND TECHNOLOGIES BV: Key Developmental Strategies
TABLE 110. Enercon GmbH: Company Snapshot
TABLE 111. Enercon GmbH: Business Segments
TABLE 112. Enercon GmbH: Product offerings
TABLE 113. Enercon GmbH: Key Developmental Strategies
TABLE 114. Envision Group: Company Snapshot
TABLE 115. Envision Group: Business Segments
TABLE 116. Envision Group: Product offerings
TABLE 117. Envision Group: Key Developmental Strategies
TABLE 118. Flender GmbH: Company Snapshot
TABLE 119. Flender GmbH: Business Segments
TABLE 120. Flender GmbH: Product offerings
TABLE 121. Flender GmbH: Key Developmental Strategies

 

 

 

 

 

 

List of Figures
FIGURE 1. Market Definition and Scope of the Report
FIGURE 2. Research Methodology – Research Design
FIGURE 3. Research Methodology – Demand Side & Supply Side
FIGURE 4. Research Methodology – Data Collection
FIGURE 5. Contribution of Primary Research Vs Secondary Research (%)
FIGURE 6. Research Methodology – List of Secondary Sources
FIGURE 7. Research Methodology – Key Data from Secondary Sources
FIGURE 8. Research Methodology – List of Primary Research Sources
FIGURE 9. Research Methodology – Market Estimation Techniques
FIGURE 10. Research Methodology – Market Turbine Capacity Estimation: Top-down Approach
FIGURE 11. Research Methodology – Market Turbine Capacity Estimation: Bottom-up Approach
FIGURE 12. Market Attractiveness Analysis, by Application
FIGURE 13. Market Attractiveness Analysis, by Connection Type
FIGURE 14. Market Attractiveness Analysis, by Region
FIGURE 15. Market Segmentation
FIGURE 16. Market Dynamics
FIGURE 17. Porter’s Five Forces Analysis
FIGURE 18. Pestle Analysis
FIGURE 19. Value Chain Analysis
FIGURE 20. Impact of Covid-19 Pandemic on Lithium-ion Battery Energy Storage Market
FIGURE 21. Lithium-ion Battery Energy Storage Market Share, by Region (%)
FIGURE 22. North America Lithium-ion Battery Energy Storage Market Share, by Application (%)
FIGURE 23. North America Lithium-ion Battery Energy Storage Market Share, by Connection Type (%)
FIGURE 24. North America Lithium-ion Battery Energy Storage Market Share, by Country (%)
FIGURE 25. Europe Lithium-ion Battery Energy Storage Market Share, by Application (%)
FIGURE 26. Europe Lithium-ion Battery Energy Storage Market Share, by Connection Type (%)
FIGURE 27. Europe Lithium-ion Battery Energy Storage Market Share, by Country (%)
FIGURE 28. Asia-Pacific Lithium-ion Battery Energy Storage Market Share, by Application (%)
FIGURE 29. Asia-Pacific Lithium-ion Battery Energy Storage Market Share, by Connection Type (%)
FIGURE 30. Asia-Pacific Lithium-ion Battery Energy Storage Market Share, by Country (%)
FIGURE 31. Rest of the World Lithium-ion Battery Energy Storage Market Share, by Application (%)
FIGURE 32. Rest of the World Lithium-ion Battery Energy Storage Market Share, by Connection Type (%)
FIGURE 33. Rest of the World Lithium-ion Battery Energy Storage Market Share, by Country (%)
FIGURE 34. Players Covered: Ranking by Lithium-ion Battery Energy Storage Market Revenue
FIGURE 35. Market Share Analysis, by Top Players (%)
FIGURE 36. Competitive Leadership Mapping
FIGURE 37. Emerson GmbH: Net Sales, 2020-2022 (USD Billion)
FIGURE 38. Emerson GmbH: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 39. Emerson GmbH: Segmental Shares, 2022 (%)
FIGURE 40. Emerson GmbH: Regional Shares, 2022 (%)
FIGURE 41. Emerson GmbH: SWOT Analysis
FIGURE 42. Siements Gamesa: Net Sales, 2020-2022 (USD Billion)
FIGURE 43. Siements Gamesa: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 44. Siements Gamesa: Segmental Shares, 2022 (%)
FIGURE 45. Siements Gamesa: Regional Shares, 2022 (%)
FIGURE 46. Siements Gamesa: SWOT Analysis
FIGURE 47. General Electric: Net Sales, 2020-2022 (USD Billion)
FIGURE 48. General Electric: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 49. General Electric: Segmental Shares, 2022 (%)
FIGURE 50. General Electric: Regional Shares, 2022 (%)
FIGURE 51. General Electric: SWOT Analysis
FIGURE 52. Goldwind: Net Sales, 2020-2022 (USD Billion)
FIGURE 53. Goldwind: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 54. Goldwind: Segmental Shares, 2022 (%)
FIGURE 55. Goldwind: Regional Shares, 2022 (%)
FIGURE 56. Goldwind: SWOT Analysis
FIGURE 57. China High Speed Transmission Equipment Group Co. Ltd.: Net Sales, 2020-2022 (USD Billion)
FIGURE 58. China High Speed Transmission Equipment Group Co. Ltd.: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 59. China High Speed Transmission Equipment Group Co. Ltd.: Segmental Shares, 2022 (%)
FIGURE 60. China High Speed Transmission Equipment Group Co. Ltd.: Regional Shares, 2022 (%)
FIGURE 61. China High Speed Transmission Equipment Group Co. Ltd.: SWOT Analysis
FIGURE 62. Dongfang Electric Corp: Net Sales, 2020-2022 (USD Billion)
FIGURE 63. Dongfang Electric Corp: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 64. Dongfang Electric Corp: Segmental Shares, 2022 (%)
FIGURE 65. Dongfang Electric Corp: Regional Shares, 2022 (%)
FIGURE 66. Dongfang Electric Corp: SWOT Analysis
FIGURE 67. EMERGYA WIND TECHNOLOGIES BV: Net Sales, 2020-2022 (USD Billion)
FIGURE 68. EMERGYA WIND TECHNOLOGIES BV: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 69. EMERGYA WIND TECHNOLOGIES BV: Segmental Shares, 2022 (%)
FIGURE 70. EMERGYA WIND TECHNOLOGIES BV: Regional Shares, 2022 (%)
FIGURE 71. EMERGYA WIND TECHNOLOGIES BV: SWOT Analysis
FIGURE 72. Enercon GmbH: Net Sales, 2020-2022 (USD Billion)
FIGURE 73. Enercon GmbH: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 74. Enercon GmbH: Segmental Shares, 2022 (%)
FIGURE 75. Enercon GmbH: Regional Shares, 2022 (%)
FIGURE 76. Enercon GmbH: SWOT Analysis
FIGURE 77. Envision Group: Net Sales, 2020-2022 (USD Billion)
FIGURE 78. Envision Group: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 79. Envision Group: Segmental Shares, 2022 (%)
FIGURE 80. Envision Group: Regional Shares, 2022 (%)
FIGURE 81. Envision Group: SWOT Analysis
FIGURE 82. Flender GmbH: Net Sales, 2020-2022 (USD Billion)
FIGURE 83. Flender GmbH: R&D Expenditure, 2020-2022 (USD Billion)
FIGURE 84. Flender GmbH: Segmental Shares, 2022 (%)
FIGURE 85. Flender GmbH: Regional Shares, 2022 (%)
FIGURE 86. Flender GmbH: SWOT Analysis

Global Lithium-ion Battery Energy Storage Market Segmentation

By Application

  • Industrial
  • Residential
  • Commercial

By Connection Type

  • On-Grid
  • Off-Grid

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

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