The Global Battery Storage System Market is expected to grow from USD 1,496.49 Millions in 2018 to USD 8,756.15 Millions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 28.70%.
"Tesla, Inc., General Electric Company, and LG Chem Ltd. are placed in forefront due to their excellence in business strategy and product satisfaction"
The positioning of the Global Battery Storage System Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) and placed into four quadrants (F: Forefront, P: Pathfinders, N: Niche, and V: Vital).
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Battery Storage System Market including are ABB, LG Chem Ltd., NEC Corporation, Panasonic Corporation, Samsung SDI Co, AEG Power Solutions B.V., AES Corporation, Alevo Group, Corvus Energy Ltd., East Penn Manufacturing Co., Exergonix, Inc., General Electric Company, Hitachi, Ltd., Siemens AG, and Tesla, Inc.
On the basis of Connection Type, the Global Battery Storage System Market is studied across Off-Grid Connection and On-Grid Connection.
On the basis of Battery Type, the Global Battery Storage System Market is studied across Advanced Lead-Acid Batteries, Flow Batteries, Lithium-Ion Batteries, Nickel Metal Hydride Battery, Nickel-Cadmium Battery, Nickel-Iron Battery, and Sodium-Sulfur Batteries.
On the basis of Ownership, the Global Battery Storage System Market is studied across Customer Owned, Third-Party Owned, and Utility Owned.
On the basis of Application, the Global Battery Storage System Market is studied across Non-Residential, Residential, and Utilities.
For the detailed coverage of the study, the market has been geographically divided into the Americas, Asia-Pacific, and Europe, Middle East & Africa. The report provides details of qualitative and quantitative insights about the major countries in the region and taps the major regional developments in detail.
In the report, we have covered two proprietary models, the FPNV Positioning Matrix and Competitive Strategic Window. The FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.
Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Battery Storage System Market
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Battery Storage System Market
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Battery Storage System Market
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Battery Storage System Market
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Battery Storage System Market
The report answers questions such as:
1. What is the market size of Battery Storage System market in the Global?
2. What are the factors that affect the growth in the Global Battery Storage System Market over the forecast period?
3. What is the competitive position in the Global Battery Storage System Market?
4. Which are the best product areas to be invested in over the forecast period in the Global Battery Storage System Market?
5. What are the opportunities in the Global Battery Storage System Market?
6. What are the modes of entering the Global Battery Storage System Market?
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
2. Research & Forecasting
2.1. Research Methodology
2.1.1. Research Process
2.1.2. Research Framework
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.2. Forecasting Methodology
2.3. Research Outcome
2.3.1. 360iResearch Competitive Strategic Window
188.8.131.52. Leverage Zone
184.108.40.206. Vantage Zone
220.127.116.11. Speculative Zone
18.104.22.168. Bottleneck Zone
2.3.2. 360iResearch FPNV Positioning Matrix
22.214.171.124. 360iResearch Quadrants
126.96.36.199. Business Strategy
188.8.131.52.1. Business Growth
184.108.40.206.2. Industry Coverage
220.127.116.11.3. Financial Viability
18.104.22.168.4. Channel Support
22.214.171.124. Product Satisfaction
126.96.36.199.1. Value for Money
188.8.131.52.2. Ease of Use
184.108.40.206.3. Product Features
220.127.116.11.4. Customer Support
3. Executive Summary
3.1. Outlook in the Battery Storage System Market
3.2. Opportunities in the Battery Storage System Market
3.3. Geographical Analysis in the Battery Storage System Market
4. Premium Insight
4.1. Market Connectivity
4.2. Market Dynamics
18.104.22.168. Growing demand for grid-connected solutions
22.214.171.124. High demand for lithium-ion technology in the renewable energy industry
126.96.36.199. Declining prices of lithium-ion batteries
188.8.131.52. High capital investment required for the deployment
184.108.40.206. Lack of the availability of vendors and project financing
220.127.116.11. Rising focus on rural electrification worldwide
18.104.22.168. Development of molten-salt battery technology
22.214.171.124. Large storage requirements in data centers
126.96.36.199. Efforts taken by governments around the world to reduce carbon emissions by mandating on fuel economy
188.8.131.52. Installation of battery energy storage systems in remote locations
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 Customers
4.3.4. Bargaining Power of Suppliers
4.3.5. Industry Rivalry
4.4. Industry Trends
4.4.1. Value Chain Anlalysis
5. Global Battery Storage System Market, by Connection Type
5.2. Market Sizing & Forecasting
5.3. Off-Grid Connection
5.4. On-Grid Connection
6. Global Battery Storage System Market, by Battery Type
6.2. Market Sizing & Forecasting
6.3. Advanced Lead-Acid Batteries
6.4. Flow Batteries
6.5. Lithium-Ion Batteries
6.6. Nickel Metal Hydride Battery
6.7. Nickel-Cadmium Battery
6.8. Nickel-Iron Battery
6.9. Sodium-Sulfur Batteries
7. Global Battery Storage System Market, by Ownership
7.2. Market Sizing & Forecasting
7.3. Customer Owned
7.4. Third-Party Owned
7.5. Utility Owned
8. Global Battery Storage System Market, by Application
8.2. Market Sizing & Forecasting
9. Global Battery Storage System Market, by Geography
9.1.2. Market Sizing & Forecasting
9.1.6. United States
9.2.2. Market Sizing & Forecasting
9.3. Europe, Middle East & Africa
9.3.2. Market Sizing & Forecasting
9.3.7. United Kingdom
10. Competitive Landscape
10.1. 360iResearch FPNV Positioning Matrix for Global Battery Storage System Market
10.2. Market Vendor Ranking Analysis for Global Battery Storage System Market
10.3. Competitive News Feed Analysis for Global Battery Storage System Market
11. Company Usability Profiles
11.2. LG Chem Ltd.
11.3. NEC Corporation
11.4. Panasonic Corporation
11.5. Samsung SDI Co
11.6. AEG Power Solutions B.V.
11.7. AES Corporation
11.8. Alevo Group
11.9. Corvus Energy Ltd.
11.10. East Penn Manufacturing Co.
11.11. Exergonix, Inc.
11.12. General Electric Company
11.13. Hitachi, Ltd.
11.14. Siemens AG
11.15. Tesla, Inc.
12.1. Discussion Guide
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12.3. Author Details