The global industrial battery energy storage system market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for renewable energy sources and the need for uninterrupted power supply in industries. The chemical industry segment accounted for the largest share of this market in 2018, followed by power industry and other applications. North America was the leading region in terms of revenue contribution in 2018, followed by Europe and Asia Pacific.
- The increasing demand for renewable energy sources is driving the growth of the Industrial Battery Energy Storage System market.
- The need to reduce carbon emissions is also driving the growth of this market.
- The increasing number of electric vehicles and their batteries will drive the demand for Industrial Battery Energy Storage Systems in future years.
- Increasing investments in research and development will lead to new innovations in battery technology, which will increase the demand for Industrial Battery Energy Storage Systems.
- Increasing awareness about environmental issues and climate change are also driving this market.
Industry Growth Insights published a new data on “Industrial Battery Energy Storage System Market”. The research report is titled “Industrial Battery Energy Storage System Market research by Types (Lithium , Lead Acid, NaS, Others), By Applications (Chemical Industry, Power Industry, Others), By Players/Companies Samsung SDI, LG Chem, Hitachi, Kokam, Fluence Energy, LSIS, SMA Solar Technology, NGK, General Electric, Primus, Panasonic, BYD, Younicos, ABB, Saft Batteries, Lockheed Martin Energy, Eos Energy Storage, Con Edison Solutions”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Battery Energy Storage System Market Research Report
By Type
Lithium , Lead Acid, NaS, Others
By Application
Chemical Industry, Power Industry, Others
By Companies
Samsung SDI, LG Chem, Hitachi, Kokam, Fluence Energy, LSIS, SMA Solar Technology, NGK, General Electric, Primus, Panasonic, BYD, Younicos, ABB, Saft Batteries, Lockheed Martin Energy, Eos Energy Storage, Con Edison Solutions
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Battery Energy Storage System Market Report Segments:
The global Industrial Battery Energy Storage System market is segmented on the basis of:
Types
Lithium , Lead Acid, NaS, 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
Chemical Industry, Power Industry, Others
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:
- Samsung SDI
- LG Chem
- Hitachi
- Kokam
- Fluence Energy
- LSIS
- SMA Solar Technology
- NGK
- General Electric
- Primus
- Panasonic
- BYD
- Younicos
- ABB
- Saft Batteries
- Lockheed Martin Energy
- Eos Energy Storage
- Con Edison Solutions
Highlights of The Industrial Battery Energy Storage System 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:
- LithiumÂ
- Lead Acid
- NaS
- Others
- By Application:
- Chemical Industry
- Power Industry
- Others
- 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 Industrial Battery Energy Storage System 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.
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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?
An industrial battery energy storage system (IBESS) is a type of energy storage system used to store electric power produced by an industrial plant. IBESS systems are typically used to provide short-term backup power for critical equipment, and can also be used to smooth out fluctuations in the grid.
Some of the major companies in the industrial battery energy storage system market are Samsung SDI, LG Chem, Hitachi, Kokam, Fluence‚Â Energy, LSIS, SMA Solar Technology, NGK, General Electric, Primus, Panasonic, BYD, Younicos, ABB, Saft Batteries, Lockheed‚Â Martin‚Â Energy, Eos Energy Storage, Con Edison Solutions.
The industrial battery energy storage system market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Battery Energy Storage System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Battery Energy Storage System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Battery Energy Storage System Market - Supply Chain
4.5. Global Industrial Battery Energy Storage System Market Forecast
4.5.1. Industrial Battery Energy Storage System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Battery Energy Storage System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Battery Energy Storage System Market Absolute $ Opportunity
5. Global Industrial Battery Energy Storage System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Battery Energy Storage System Market Size and Volume Forecast by Type
5.3.1. Lithium
5.3.2. Lead Acid
5.3.3. NaS
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Battery Energy Storage System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Battery Energy Storage System Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Power Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Battery Energy Storage System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Battery Energy Storage System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Battery Energy Storage System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Battery Energy Storage System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Battery Energy Storage System Demand Share Forecast, 2019-2026
9. North America Industrial Battery Energy Storage System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Battery Energy Storage System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Battery Energy Storage System Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Power Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Battery Energy Storage System Market Size and Volume Forecast by Type
9.7.1. Lithium
9.7.2. Lead Acid
9.7.3. NaS
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Battery Energy Storage System Demand Share Forecast, 2019-2026
10. Latin America Industrial Battery Energy Storage System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Battery Energy Storage System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Battery Energy Storage System Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Power Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Battery Energy Storage System Market Size and Volume Forecast by Type
10.7.1. Lithium
10.7.2. Lead Acid
10.7.3. NaS
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Battery Energy Storage System Demand Share Forecast, 2019-2026
11. Europe Industrial Battery Energy Storage System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Battery Energy Storage System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Battery Energy Storage System Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Power Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Battery Energy Storage System Market Size and Volume Forecast by Type
11.7.1. Lithium
11.7.2. Lead Acid
11.7.3. NaS
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Battery Energy Storage System Demand Share, 2019-2026
12. Asia Pacific Industrial Battery Energy Storage System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Battery Energy Storage System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Battery Energy Storage System Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Power Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Battery Energy Storage System Market Size and Volume Forecast by Type
12.7.1. Lithium
12.7.2. Lead Acid
12.7.3. NaS
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Battery Energy Storage System Demand Share, 2019-2026
13. Middle East & Africa Industrial Battery Energy Storage System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Battery Energy Storage System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Battery Energy Storage System Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Power Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Battery Energy Storage System Market Size and Volume Forecast by Type
13.7.1. Lithium
13.7.2. Lead Acid
13.7.3. NaS
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Battery Energy Storage System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Battery Energy Storage System Market: Market Share Analysis
14.2. Industrial Battery Energy Storage System Distributors and Customers
14.3. Industrial Battery Energy Storage System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Samsung SDI
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LG Chem
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kokam
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fluence Energy
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LSIS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SMA Solar Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NGK
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. General Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Primus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Panasonic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BYD
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Younicos
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ABB
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Saft Batteries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Lockheed Martin Energy
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Eos Energy Storage
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Con Edison Solutions
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook