Market Overview:
The global power energy storage battery 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 stability. The global power energy storage battery market by type is segmented into lithium ion battery, all-vanadium flow battery, zinc-bromine flow battery, advanced lead-acid batteries, and other types. The lithium ion batteries segment is expected to dominate the market during the forecast period owing to its high efficiency and long life cycle. However, all-vanadium flow batteries are expected to grow at a higher CAGR due their ability store large amounts of energy and longer life cycle as compared with other types of batteries. The global power energy storage battery market by application is segmented into residential, commercial, industrial sectors.
Product Definition:
A power energy storage battery is a device that stores electrical energy for later use. This energy can be used to power devices or to recharge other batteries. The importance of a power energy storage battery lies in its ability to store large amounts of electrical energy and release it when needed. This makes them ideal for applications such as backup power, grid stabilization, and peak shaving.
Lithium Ion Battery:
Lithium-ion (Li-ion) batteries are commonly used in portable electronic devices such as smartphones, tablets, and laptops. They are also used in electric vehicles and power energy storage systems. The growing demand for renewable energy sources is expected to drive the market growth over the forecast period.
All-vanadium Flow Battery:
All-vanadium flow battery (AVB) is a rechargeable, electrochemical storage device used to store energy in the form of chemical reactions. It is an advanced type of rechargeable battery that uses vanadium ions as one of the electrolyte. The other electrolyte used in these batteries includes potassium and calcium salts. These batteries are considered safe for use across all applications as they meet or exceed all safety and performance standards set by organizations including U.
Application Insights:
The commercial segment dominated the global power energy storage battery market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to an increase in demand from renewable sources, such as wind and solar power plants. For instance, according to a study published by NPD Solar Analytics Market Trends Report 2018-19 found that utility-scale solar photovoltaic installations accounted for nearly 70% of new U.S. electric generating capacity installed in 2016 and 2017 while small scale solar PV installations contributed 30%.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to growing demand from emerging economies, such as China and India. In addition, rising investments by governments of various countries are anticipated to drive the APAC market further. For instance, in 2015-2016 budget of India, ‘Power Storage Systems (ESS)’ scheme was introduced with an investment of USD X million for a period of three years for development and deployment of storage batteries across several applications sectors in rural areas.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for power energy storage batteries, as they are used to store energy in electric vehicles.
- Development of smart grids: Smart grids are being developed across the world as a way to improve the efficiency and reliability of electricity distribution networks. Power energy storage batteries play an important role in smart grids by helping to store and distribute electricity when needed.
- Increased use of renewable sources of energy: Renewable sources such as solar and wind power are becoming increasingly popular due to their environmental benefits. However, these sources often produce variable amounts of power, which can be difficult to manage without using power energy storage batteries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Energy Storage Battery Market Research Report
By Type
Lithium Ion Battery, All-vanadium Flow Battery, Zinc-bromine Flow Battery, Asvanced Lead-Acid Batteries, Other
By Application
Residential, Commercial, Industrial
By Companies
NGK Group, ABB, AEG, Imergy, SolarCity, SAMSUNG SDI, ZEN, NEC, OutBack, Saft, NGK Group, EOS, S&C Electric Company, Absolute Renewable Energy(UK) Ltd, Princeton, GE
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Power Energy Storage Battery Market Report Segments:
The global Power Energy Storage Battery market is segmented on the basis of:
Types
Lithium Ion Battery, All-vanadium Flow Battery, Zinc-bromine Flow Battery, Asvanced Lead-Acid Batteries, Other
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
Residential, Commercial, Industrial
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:
- NGK Group
- ABB
- AEG
- Imergy
- SolarCity
- SAMSUNG SDI
- ZEN
- NEC
- OutBack
- Saft
- NGK Group
- EOS
- S&C Electric Company
- Absolute Renewable Energy(UK) Ltd
- Princeton
- GE
Highlights of The Power Energy Storage Battery 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:
- Lithium Ion Battery
- All-vanadium Flow Battery
- Zinc-bromine Flow Battery
- Asvanced Lead-Acid Batteries
- Other
- By Application:
- Residential
- Commercial
- Industrial
- 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 Power Energy Storage Battery 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
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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?
A power energy storage battery is a type of rechargeable battery that stores energy from an electric power grid. When the grid needs more electricity, the battery can provide it by drawing on its stored energy.
Some of the major players in the power energy storage battery market are NGK Group, ABB, AEG, Imergy, SolarCity, SAMSUNG SDI, ZEN, NEC, OutBack, Saft, NGK Group, EOS, S&C Electric Company, Absolute Renewable Energy(UK) Ltd, Princeton, GE.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Energy Storage Battery 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 Power Energy Storage Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Energy Storage Battery 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 Power Energy Storage Battery 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 Power Energy Storage Battery Market Size & Forecast, 2018-2028
4.5.1 Power Energy Storage Battery Market Size and Y-o-Y Growth
4.5.2 Power Energy Storage Battery Market Absolute $ Opportunity
Chapter 5 Global Power Energy Storage Battery 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 Power Energy Storage Battery Market Size Forecast by Type
5.2.1 Lithium Ion Battery
5.2.2 All-vanadium Flow Battery
5.2.3 Zinc-bromine Flow Battery
5.2.4 Asvanced Lead-Acid Batteries
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Energy Storage Battery 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 Power Energy Storage Battery Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Energy Storage Battery 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 Power Energy Storage Battery 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 Power Energy Storage Battery Analysis and Forecast
9.1 Introduction
9.2 North America Power Energy Storage Battery 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 Power Energy Storage Battery Market Size Forecast by Type
9.6.1 Lithium Ion Battery
9.6.2 All-vanadium Flow Battery
9.6.3 Zinc-bromine Flow Battery
9.6.4 Asvanced Lead-Acid Batteries
9.6.5 Other
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 Power Energy Storage Battery Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
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 Power Energy Storage Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Power Energy Storage Battery 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 Power Energy Storage Battery Market Size Forecast by Type
10.6.1 Lithium Ion Battery
10.6.2 All-vanadium Flow Battery
10.6.3 Zinc-bromine Flow Battery
10.6.4 Asvanced Lead-Acid Batteries
10.6.5 Other
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 Power Energy Storage Battery Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
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 Power Energy Storage Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Energy Storage Battery 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 Power Energy Storage Battery Market Size Forecast by Type
11.6.1 Lithium Ion Battery
11.6.2 All-vanadium Flow Battery
11.6.3 Zinc-bromine Flow Battery
11.6.4 Asvanced Lead-Acid Batteries
11.6.5 Other
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 Power Energy Storage Battery Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
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 Power Energy Storage Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Energy Storage Battery 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 Power Energy Storage Battery Market Size Forecast by Type
12.6.1 Lithium Ion Battery
12.6.2 All-vanadium Flow Battery
12.6.3 Zinc-bromine Flow Battery
12.6.4 Asvanced Lead-Acid Batteries
12.6.5 Other
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 Power Energy Storage Battery Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
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) Power Energy Storage Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Energy Storage Battery 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) Power Energy Storage Battery Market Size Forecast by Type
13.6.1 Lithium Ion Battery
13.6.2 All-vanadium Flow Battery
13.6.3 Zinc-bromine Flow Battery
13.6.4 Asvanced Lead-Acid Batteries
13.6.5 Other
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) Power Energy Storage Battery Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Power Energy Storage Battery Market: Competitive Dashboard
14.2 Global Power Energy Storage Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NGK Group
14.3.2 ABB
14.3.3 AEG
14.3.4 Imergy
14.3.5 SolarCity
14.3.6 SAMSUNG SDI
14.3.7 ZEN
14.3.8 NEC
14.3.9 OutBack
14.3.10 Saft
14.3.11 NGK Group
14.3.12 EOS
14.3.13 S&C Electric Company
14.3.14 Absolute Renewable Energy(UK) Ltd
14.3.15 Princeton
14.3.16 GE
