Market Overview:
The global battery energy storage for renewables market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the need for grid stabilization. The lithium-ion segment is expected to hold the largest share of the global battery energy storage for renewables market in 2018. This can be attributed to its high efficiency and long life cycle. The lead-acid segment is projected to grow at a higher CAGR during the forecast period, owing to its low cost and easy availability. In terms of application, laptops are expected to hold the largest share of the global battery energy storage for renewables market in 2018. This can be attributedto their high adoption rate and growing demand from emerging economies such as China and India.
Product Definition:
A battery energy storage system (BESS) is a collection of batteries assembled to store electrical energy. The purpose of a BESS is to provide load leveling, frequency regulation, or backup power.
Li-Ion:
The global Li-Ion (Lithium-ion) battery energy storage for the renewable market size was valued at USD 1.8 billion in 2016 and is expected to witness a CAGR of XX% from 2017 to 2025. The growth can be attributed to growing demand across the utility sector, coupled with rising deployment of wind and solar power generation sources globally.
Lead-Acid:
The global Lead-Acid (PbA) and it's usage in Battery Energy Storage for Renewables market size was valued at USD 5.0 billion in 2016. The growing demand for storage batteries to support renewable energy generation is expected to drive the industry growth over the forecast period.
Lead-acid batteries are economical, have a simple manufacturing process,.
Application Insights:
The renewable energy storage for laptops application segment accounted for the largest market share of over 30% in 2017. The growing demand for portable and lightweight solar panels has led to an increased use of batteries as a power source. BESL is used in various applications including grid-connected primary & secondary residences, commercial buildings, and industrial sites. Such a trend has resulted in the growth of the global battery energy storage market significantly over recent years.
The renewable energy storage for smartphones application segment accounted for USD 544 million in 2017 owing to its high usage rate across developing countries such as India, China and Brazil among others which have been witnessing rapid urbanization leading to increased demand for mobile phones resulting in an augmented need to use renewable sources such as solar power along with it leading to higher efficiency rates from these devices which are also rechargeable via USB ports thereby providing added value on both ends thus driving the global battery energy storage market at large scale globally during recent years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in renewable energy and favorable government policies across countries, such as China and India. For instance, in 2016, China’s National Energy Administration (NEA) introduced a new policy for supporting domestic battery storage projects by offering subsidies on equipment purchase and land rental. In 2017, this policy was revised to include support for more general applications of batteries that would help stabilize the power grid as well as provide back-up power during outages.
The European market accounted for over 20% of global revenue share in 2017 owing to large scale deployment of these systems across several countries including Germany; however; it is anticipated that this number will reduce significantly from 2018 due to closure of some prominent manufacturers like Sollion and Flamanville Nuclear Power Plant which resulted into halt or reduction production capacity at least until 2019/2020 winter season.
Growth Factors:
- Increasing demand for renewable energy sources: The growth of renewables is primarily driven by the need to reduce emissions and reliance on fossil fuels.
- Declining costs of battery storage: Battery storage technology has been rapidly declining in cost, making it more affordable for a wider range of applications.
- Regulatory incentives and mandates: Governments are increasingly implementing policies and regulations that incentivize or mandate the use of battery storage with renewables installations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Energy Storage for Renewables Market Research Report
By Type
Li-Ion, Lead-Acid, Sodium, Others
By Application
Laptops, Smartphones, Notebooks, Tablets
By Companies
AES Energy Storage, A123 Systems, Axion Power, BYD, LG Chem, NGK Insulators, SAFT, Samsung SDI, AES Energy Storage
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Battery Energy Storage for Renewables Market Report Segments:
The global Battery Energy Storage for Renewables market is segmented on the basis of:
Types
Li-Ion, Lead-Acid, Sodium, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laptops, Smartphones, Notebooks, Tablets
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AES Energy Storage
- A123 Systems
- Axion Power
- BYD
- LG Chem
- NGK Insulators
- SAFT
- Samsung SDI
- AES Energy Storage
Highlights of The Battery Energy Storage for Renewables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Li-Ion
- Lead-Acid
- Sodium
- Others
- By Application:
- Laptops
- Smartphones
- Notebooks
- Tablets
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery Energy Storage for Renewables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Battery energy storage is a technology that allows renewable energy sources, such as solar and wind power, to be stored for later use. This can help to stabilize the grid and provide an additional source of electricity when needed.
Some of the key players operating in the battery energy storage for renewables market are AES Energy Storage, A123 Systems, Axion Power, BYD, LG Chem, NGK Insulators, SAFT, Samsung SDI, AES Energy Storage.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Energy Storage for Renewables Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Energy Storage for Renewables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Energy Storage for Renewables Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Energy Storage for Renewables Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Energy Storage for Renewables Market Size & Forecast, 2018-2028
4.5.1 Battery Energy Storage for Renewables Market Size and Y-o-Y Growth
4.5.2 Battery Energy Storage for Renewables Market Absolute $ Opportunity
Chapter 5 Global Battery Energy Storage for Renewables Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Battery Energy Storage for Renewables Market Size Forecast by Type
5.2.1 Li-Ion
5.2.2 Lead-Acid
5.2.3 Sodium
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Battery Energy Storage for Renewables Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Battery Energy Storage for Renewables Market Size Forecast by Applications
6.2.1 Laptops
6.2.2 Smartphones
6.2.3 Notebooks
6.2.4 Tablets
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Energy Storage for Renewables Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Energy Storage for Renewables Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Battery Energy Storage for Renewables Analysis and Forecast
9.1 Introduction
9.2 North America Battery Energy Storage for Renewables Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Battery Energy Storage for Renewables Market Size Forecast by Type
9.6.1 Li-Ion
9.6.2 Lead-Acid
9.6.3 Sodium
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Battery Energy Storage for Renewables Market Size Forecast by Applications
9.10.1 Laptops
9.10.2 Smartphones
9.10.3 Notebooks
9.10.4 Tablets
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Battery Energy Storage for Renewables Analysis and Forecast
10.1 Introduction
10.2 Europe Battery Energy Storage for Renewables Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Battery Energy Storage for Renewables Market Size Forecast by Type
10.6.1 Li-Ion
10.6.2 Lead-Acid
10.6.3 Sodium
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Battery Energy Storage for Renewables Market Size Forecast by Applications
10.10.1 Laptops
10.10.2 Smartphones
10.10.3 Notebooks
10.10.4 Tablets
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Battery Energy Storage for Renewables Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Battery Energy Storage for Renewables Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Battery Energy Storage for Renewables Market Size Forecast by Type
11.6.1 Li-Ion
11.6.2 Lead-Acid
11.6.3 Sodium
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Battery Energy Storage for Renewables Market Size Forecast by Applications
11.10.1 Laptops
11.10.2 Smartphones
11.10.3 Notebooks
11.10.4 Tablets
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Battery Energy Storage for Renewables Analysis and Forecast
12.1 Introduction
12.2 Latin America Battery Energy Storage for Renewables Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Battery Energy Storage for Renewables Market Size Forecast by Type
12.6.1 Li-Ion
12.6.2 Lead-Acid
12.6.3 Sodium
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Battery Energy Storage for Renewables Market Size Forecast by Applications
12.10.1 Laptops
12.10.2 Smartphones
12.10.3 Notebooks
12.10.4 Tablets
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Battery Energy Storage for Renewables Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Battery Energy Storage for Renewables Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Battery Energy Storage for Renewables Market Size Forecast by Type
13.6.1 Li-Ion
13.6.2 Lead-Acid
13.6.3 Sodium
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Battery Energy Storage for Renewables Market Size Forecast by Applications
13.10.1 Laptops
13.10.2 Smartphones
13.10.3 Notebooks
13.10.4 Tablets
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Energy Storage for Renewables Market: Competitive Dashboard
14.2 Global Battery Energy Storage for Renewables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AES Energy Storage
14.3.2 A123 Systems
14.3.3 Axion Power
14.3.4 BYD
14.3.5 LG Chem
14.3.6 NGK Insulators
14.3.7 SAFT
14.3.8 Samsung SDI
14.3.9 AES Energy Storage
