- Front-of-the-meter
- Behind-the-meter
1. Executive Summary |
2. Global Battery Energy Storage Market Introduction |
2.1. Global Battery Energy Storage Market Taxonomy |
2.2. Global Battery Energy Storage Market Definitions |
2.2.1. By Storage System |
2.2.2. By Element |
2.2.3. By Battery Type |
2.2.4. By Connection Type |
2.2.5. By Ownership |
2.2.6. By Energy Capacity |
2.2.7. By Region |
3. Global Battery Energy Storage Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Battery Energy Storage Market Dynamic Factors - Impact Analysis |
3.6. Global Battery Energy Storage Market – Competition Landscape |
4. Global Battery Energy Storage Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Battery Energy Storage Market, By Storage System, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1. Front-of-the-meter |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Behind-the-meter |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Battery Energy Storage Market, By Element, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.1. Battery |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Others (Hardware) |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Battery Energy Storage Market, By Battery Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1. Â Lithium-Ion Batteries |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Â Advanced Lead-Acid Batteries |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Flow Batteries |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Global Battery Energy Storage Market Forecast, By Connection Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1. On-grid |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Off-grid |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9. Global Battery Energy Storage Market Forecast, By Ownership, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.1. Customer-Owned |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Third-Party Owned |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Utility-Owned |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
10. Global Battery Energy Storage Market Forecast, By Energy Capacity, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.1. Below 100 MWh |
10.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.1.3. Market Opportunity Analysis |
10.2. Between 100 to 500 MWh |
10.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.2.3. Market Opportunity Analysis |
10.3. Â Above 500 MWh |
10.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.3.3. Market Opportunity Analysis |
11. Global Battery Energy Storage Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
11.1. Residential |
11.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
11.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
11.1.3. Market Opportunity Analysis |
11.2. Commercial |
11.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
11.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
11.2.3. Market Opportunity Analysis |
11.3. Utility |
11.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
11.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
11.3.3. Market Opportunity Analysis |
12. Â Global Battery Energy Storage Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.1. North America |
12.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
12.1.3. Market Opportunity Analysis |
12.2. Europe |
12.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
12.2.3. Market Opportunity Analysis |
12.3. Asia-Pacific |
12.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
12.3.3. Market Opportunity Analysis |
12.4. Latin America |
12.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
12.4.3. Market Opportunity Analysis |
12.5. Middle East and Africa |
12.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
12.5.3. Market Opportunity Analysis |
12.6. Global Battery Energy Storage Market - Opportunity Analysis Index, By Storage System, By Element, By Battery Type, By Connection Type, By Ownership, By Energy Capacity, By Application, and Region, 2024 - 2030 |
13. North America Battery Energy Storage Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
13.1. Storage System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Front-of-the-meter |
13.1.2. Behind-the-meter |
13.2. Element Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Battery |
13.2.2. Others (Hardware) |
13.3. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Lithium-Ion Batteries |
13.3.2. Advanced Lead-Acid Batteries |
13.3.3. Flow Batteries |
13.3.4. Others |
13.4. Connection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. On-grid |
13.4.2. Off-grid |
13.5. Ownership Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Customer-Owned |
13.5.2. Third-Party Owned |
13.6. Energy Capacity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.6.1. Below 100 MWh |
13.6.2. Between 100 to 500 MWh |
13.6.3. Above 500 MWh |
13.7. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.7.1. Residential |
13.7.2. Commercial |
13.7.3. Utility |
13.8. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.8.1. USA |
13.8.2. Canada |
13.9. North America Battery Energy Storage Market - Opportunity Analysis Index, By Storage System, Element, Battery Type, Connection Type, Ownership, Energy Capacity, Application, and Country, 2024 - 2030 |
13.10. North America Battery Energy Storage Market Dynamics – Trends |
14. Europe Battery Energy Storage Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
14.1. Storage System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Front-of-the-meter |
14.1.2. Behind-the-meter |
14.2. Element Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Battery |
14.2.2. Others (Hardware) |
14.3. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Lithium-Ion Batteries |
14.3.2. Advanced Lead-Acid Batteries |
14.3.3. Flow Batteries |
14.3.4. Others |
14.4. Connection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. On-grid |
14.4.2. Off-grid |
14.5. Ownership Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Customer-Owned |
14.5.2. Third-Party Owned |
14.6. Energy Capacity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.6.1. Below 100 MWh |
14.6.2. Between 100 to 500 MWh |
14.6.3. Above 500 MWh |
14.7. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.7.1. Residential |
14.7.2. Commercial |
14.7.3. Utility |
14.8. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.8.1. Germany |
14.8.2. UK |
14.8.3. France |
14.8.4. Spain |
14.8.5. Italy |
14.8.6. Russia |
14.8.7. Rest of Europe |
14.9. Europe Battery Energy Storage Market - Opportunity Analysis Index, By Storage System, Element, Battery Type, Connection Type, Ownership, Energy Capacity, Application, and Country, 2024 - 2030 |
14.10. Europe Battery Energy Storage Market Dynamics – Trends |
15. Asia-Pacific Battery Energy Storage Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
15.1. Storage System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
15.1.1. Front-of-the-meter |
15.1.2. Behind-the-meter |
15.2. Element Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
15.2.1. Battery |
15.2.2. Others (Hardware) |
15.3. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
15.3.1. Lithium-Ion Batteries |
15.3.2. Advanced Lead-Acid Batteries |
15.3.3. Flow Batteries |
15.3.4. Others |
15.4. Connection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
15.4.1. On-grid |
15.4.2. Off-grid |
15.5. Ownership Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
15.5.1. Customer-Owned |
15.5.2. Third-Party Owned |
15.6. Energy Capacity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
15.6.1. Below 100 MWh |
15.6.2. Between 100 to 500 MWh |
15.6.3. Above 500 MWh |
15.7. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
15.7.1. Residential |
15.7.2. Commercial |
15.7.3. Utility |
15.8. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
15.8.1. China |
15.8.2. India |
15.8.3. Japan |
15.8.4. ASEAN |
15.8.5. Australia & New Zealand |
15.8.6. Rest of Asia-Pacific |
15.9. Asia-Pacific Battery Energy Storage Market - Opportunity Analysis Index, By Storage System, Element, Battery Type, Connection Type, Ownership, Energy Capacity, Application, and Country, 2024 - 2030 |
15.10. Asia-Pacific Battery Energy Storage Market Dynamics – Trends |
16. Latin America Battery Energy Storage Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
16.1. Storage System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
16.1.1. Front-of-the-meter |
16.1.2. Behind-the-meter |
16.2. Element Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
16.2.1. Battery |
16.2.2. Others (Hardware) |
16.3. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
16.3.1. Lithium-Ion Batteries |
16.3.2. Advanced Lead-Acid Batteries |
16.3.3. Flow Batteries |
16.3.4. Others |
16.4. Connection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
16.4.1. On-grid |
16.4.2. Off-grid |
16.5. Ownership Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
16.5.1. Customer-Owned |
16.5.2. Third-Party Owned |
16.6. Energy Capacity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
16.6.1. Below 100 MWh |
16.6.2. Between 100 to 500 MWh |
16.6.3. Above 500 MWh |
16.7. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
16.7.1. Residential |
16.7.2. Commercial |
16.7.3. Utility |
16.8. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
16.8.1. Brazil |
16.8.2. Mexico |
16.8.3. Rest of Latin America |
16.9. Latin America Battery Energy Storage Market - Opportunity Analysis Index, By Storage System, Element, Battery Type, Connection Type, Ownership, Energy Capacity, Application, and Country, 2024 - 2030 |
16.10. Latin America Battery Energy Storage Market Dynamics – Trends |
17. Middle East and Africa Battery Energy Storage Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
17.1. Storage System Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
17.1.1. Â Front-of-the-meter |
17.1.2. Behind-the-meter |
17.2. Element Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
17.2.1. Battery |
17.2.2. Others (Hardware) |
17.3. Battery Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
17.3.1. Lithium-Ion Batteries |
17.3.2. Advanced Lead-Acid Batteries |
17.3.3. Flow Batteries |
17.3.4. Others |
17.4. Connection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
17.4.1. On-grid |
17.4.2. Off-grid |
17.5. Ownership Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
17.5.1. Customer-Owned |
17.5.2. Third-Party Owned |
17.6. Energy Capacity Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
17.6.1. Below 100 MWh |
17.6.2. Between 100 to 500 MWh |
17.6.3. Above 500 MWh |
17.7. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
17.7.1. Residential |
17.7.2. Commercial |
17.7.3. Utility |
17.8. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
17.8.1. Gulf Cooperation Council (GCC) Countries |
17.8.2. South Africa |
17.8.3. Rest of MEA |
17.9. MEA Battery Energy Storage Market - Opportunity Analysis Index, By Storage System, Element, Battery Type, Connection Type, Ownership, Energy Capacity, Application, and Country, 2024 - 2030 |
17.10. MEA Battery Energy Storage Market Dynamics – Trends |
18. Competition Landscape |
18.1. Strategic Dashboard of Top Market Players |
18.2. Company Profiles (Introduction, Financial Analysis, Key Storage Systems, Key Developments, Strategies, and SWOT Analysis) |
18.2.1. ABB Ltd |
18.2.2. AEG Power Solutions |
18.2.3. Amara Raja Group |
18.2.4. BYD Co. Ltd. |
18.2.5. Delta Electronics, Inc. |
18.2.6. Exide Industries Limited |
18.2.7. General Electric Company |
18.2.8. Hitachi, Ltd. |
18.2.9. Johnson Controls, Inc. |
18.2.10. LG Chem Ltd. |
18.2.11. NEC Corporation |
18.2.12. Panasonic Corporation |
18.2.13. Primus Power Corporation |
18.2.14. Samsung SDI Co., Ltd. |
18.2.15. Siemens AG |
19. Research Methodology |
20. Key Assumptions and Acronyms |
Study Period
2024– 2030Base Year
2023CAGR
N/ALargest Market
N/AFastest Growing Market
N/ABy Storage System
By Element
Battery
Others (Hardware)
By Battery Type
y Connection Type
By Ownership
By Energy Capacity
2023 is the base year and 2030 is the forecast year.
The Battery Energy Storage Market key players are: ABB Ltd AEG Power Solutions Amara Raja Group BYD Co. Ltd. Delta Electronics, Inc. Exide Industries Limited General Electric Company Hitachi, Ltd. Johnson Controls, Inc. LG Chem Ltd. NEC Corporation Panasonic Corporation Primus Power Corporation Samsung SDI Co., Ltd. Siemens AG