Battery energy storage systems are rechargeable battery systems that store energy from solar arrays or the electric grid and provide that energy to a home or business. Because they contain advanced technology that regular batteries do not, they can easily perform certain tasks that used to be difficult or impossible, such as peak shaving and load shifting.
This report elaborates the market size, market characteristics, and market growth of the Battery Energy Storage industry, and breaks down according to the type, application, and consumption area of Battery Energy Storage. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Battery Energy Storage in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.
Key players in the global Battery Energy Storage market covered in Chapter 13:
Eve Energy
TerraE Holding
Samsung SDI
CATL
LG Chem
Parker Hannifin
SK Innovation
BYD
Funeng Technology
Tesla
Guoxuan High-Tech
In Chapter 6, on the basis of types, the Battery Energy Storage market from 2015 to 2025 is primarily split into:
Lithium-Ion
Advanced Lead Acid
Flow Batteries
Sodium Sulfur
In Chapter 7, on the basis of applications, the Battery Energy Storage market from 2015 to 2025 covers:
Residential
Industrial
Commercial
Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:
United States
Europe
China
Japan
India
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:
North America (Covered in Chapter 8)
United States
Canada
Mexico
Europe (Covered in Chapter 9)
Germany
UK
France
Italy
Spain
Others
Asia-Pacific (Covered in Chapter 10)
China
Japan
India
South Korea
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 11)
Saudi Arabia
UAE
South Africa
Others
South America (Covered in Chapter 12)
Brazil
Others
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025
Table of Content
1 Battery Energy Storage Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
2 Battery Energy Storage Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
3 Battery Energy Storage Market Forces
3.1 Global Battery Energy Storage Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
4 Battery Energy Storage Market - By Geography
4.1 Global Battery Energy Storage Market Value and Market Share by Regions
4.1.1 Global Battery Energy Storage Value ($) by Region (2015-2020)
4.1.2 Global Battery Energy Storage Value Market Share by Regions (2015-2020)
4.2 Global Battery Energy Storage Market Production and Market Share by Major Countries
4.2.1 Global Battery Energy Storage Production by Major Countries (2015-2020)
4.2.2 Global Battery Energy Storage Production Market Share by Major Countries (2015-2020)
4.3 Global Battery Energy Storage Market Consumption and Market Share by Regions
4.3.1 Global Battery Energy Storage Consumption by Regions (2015-2020)
4.3.2 Global Battery Energy Storage Consumption Market Share by Regions (2015-2020)
5 Battery Energy Storage Market - By Trade Statistics
5.1 Global Battery Energy Storage Export and Import
5.2 United States Battery Energy Storage Export and Import (2015-2020)
5.3 Europe Battery Energy Storage Export and Import (2015-2020)
5.4 China Battery Energy Storage Export and Import (2015-2020)
5.5 Japan Battery Energy Storage Export and Import (2015-2020)
5.6 India Battery Energy Storage Export and Import (2015-2020)
5.7
6 Battery Energy Storage Market - By Type
6.1 Global Battery Energy Storage Production and Market Share by Types (2015-2020)
6.1.1 Global Battery Energy Storage Production by Types (2015-2020)
6.1.2 Global Battery Energy Storage Production Market Share by Types (2015-2020)
6.2 Global Battery Energy Storage Value and Market Share by Types (2015-2020)
6.2.1 Global Battery Energy Storage Value by Types (2015-2020)
6.2.2 Global Battery Energy Storage Value Market Share by Types (2015-2020)
6.3 Global Battery Energy Storage Production, Price and Growth Rate of Lithium-Ion (2015-2020)
6.4 Global Battery Energy Storage Production, Price and Growth Rate of Advanced Lead Acid (2015-2020)
6.5 Global Battery Energy Storage Production, Price and Growth Rate of Flow Batteries (2015-2020)
6.6 Global Battery Energy Storage Production, Price and Growth Rate of Sodium Sulfur (2015-2020)
7 Battery Energy Storage Market - By Application
7.1 Global Battery Energy Storage Consumption and Market Share by Applications (2015-2020)
7.1.1 Global Battery Energy Storage Consumption by Applications (2015-2020)
7.1.2 Global Battery Energy Storage Consumption Market Share by Applications (2015-2020)
7.2 Global Battery Energy Storage Consumption and Growth Rate of Residential (2015-2020)
7.3 Global Battery Energy Storage Consumption and Growth Rate of Industrial (2015-2020)
7.4 Global Battery Energy Storage Consumption and Growth Rate of Commercial (2015-2020)
8 North America Battery Energy Storage Market
8.1 North America Battery Energy Storage Market Size
8.2 United States Battery Energy Storage Market Size
8.3 Canada Battery Energy Storage Market Size
8.4 Mexico Battery Energy Storage Market Size
8.5 The Influence of COVID-19 on North America Market
9 Europe Battery Energy Storage Market Analysis
9.1 Europe Battery Energy Storage Market Size
9.2 Germany Battery Energy Storage Market Size
9.3 United Kingdom Battery Energy Storage Market Size
9.4 France Battery Energy Storage Market Size
9.5 Italy Battery Energy Storage Market Size
9.6 Spain Battery Energy Storage Market Size
9.7 The Influence of COVID-19 on Europe Market
10 Asia-Pacific Battery Energy Storage Market Analysis
10.1 Asia-Pacific Battery Energy Storage Market Size
10.2 China Battery Energy Storage Market Size
10.3 Japan Battery Energy Storage Market Size
10.4 South Korea Battery Energy Storage Market Size
10.5 Southeast Asia Battery Energy Storage Market Size
10.6 India Battery Energy Storage Market Size
10.7 The Influence of COVID-19 on Asia Pacific Market
11 Middle East and Africa Battery Energy Storage Market Analysis
11.1 Middle East and Africa Battery Energy Storage Market Size
11.2 Saudi Arabia Battery Energy Storage Market Size
11.3 UAE Battery Energy Storage Market Size
11.4 South Africa Battery Energy Storage Market Size
11.5 The Influence of COVID-19 on Middle East and Africa Market
12 South America Battery Energy Storage Market Analysis
12.1 South America Battery Energy Storage Market Size
12.2 Brazil Battery Energy Storage Market Size
12.3 The Influence of COVID-19 on South America Market
13 Company Profiles
13.1 Eve Energy
13.1.1 Eve Energy Basic Information
13.1.2 Eve Energy Product Profiles, Application and Specification
13.1.3 Eve Energy Battery Energy Storage Market Performance (2015-2020)
13.2 TerraE Holding
13.2.1 TerraE Holding Basic Information
13.2.2 TerraE Holding Product Profiles, Application and Specification
13.2.3 TerraE Holding Battery Energy Storage Market Performance (2015-2020)
13.3 Samsung SDI
13.3.1 Samsung SDI Basic Information
13.3.2 Samsung SDI Product Profiles, Application and Specification
13.3.3 Samsung SDI Battery Energy Storage Market Performance (2015-2020)
13.4 CATL
13.4.1 CATL Basic Information
13.4.2 CATL Product Profiles, Application and Specification
13.4.3 CATL Battery Energy Storage Market Performance (2015-2020)
13.5 LG Chem
13.5.1 LG Chem Basic Information
13.5.2 LG Chem Product Profiles, Application and Specification
13.5.3 LG Chem Battery Energy Storage Market Performance (2015-2020)
13.6 Parker Hannifin
13.6.1 Parker Hannifin Basic Information
13.6.2 Parker Hannifin Product Profiles, Application and Specification
13.6.3 Parker Hannifin Battery Energy Storage Market Performance (2015-2020)
13.7 SK Innovation
13.7.1 SK Innovation Basic Information
13.7.2 SK Innovation Product Profiles, Application and Specification
13.7.3 SK Innovation Battery Energy Storage Market Performance (2015-2020)
13.8 BYD
13.8.1 BYD Basic Information
13.8.2 BYD Product Profiles, Application and Specification
13.8.3 BYD Battery Energy Storage Market Performance (2015-2020)
13.9 Funeng Technology
13.9.1 Funeng Technology Basic Information
13.9.2 Funeng Technology Product Profiles, Application and Specification
13.9.3 Funeng Technology Battery Energy Storage Market Performance (2015-2020)
13.10 Tesla
13.10.1 Tesla Basic Information
13.10.2 Tesla Product Profiles, Application and Specification
13.10.3 Tesla Battery Energy Storage Market Performance (2015-2020)
13.11 Guoxuan High-Tech
13.11.1 Guoxuan High-Tech Basic Information
13.11.2 Guoxuan High-Tech Product Profiles, Application and Specification
13.11.3 Guoxuan High-Tech Battery Energy Storage Market Performance (2015-2020)
14 Market Forecast - By Regions
14.1 North America Battery Energy Storage Market Forecast (2020-2025)
14.2 Europe Battery Energy Storage Market Forecast (2020-2025)
14.3 Asia-Pacific Battery Energy Storage Market Forecast (2020-2025)
14.4 Middle East and Africa Battery Energy Storage Market Forecast (2020-2025)
14.5 South America Battery Energy Storage Market Forecast (2020-2025)
15 Market Forecast - By Type and Applications
15.1 Global Battery Energy Storage Market Forecast by Types (2020-2025)
15.1.1 Global Battery Energy Storage Market Forecast Production and Market Share by Types (2020-2025)
15.1.2 Global Battery Energy Storage Market Forecast Value and Market Share by Types (2020-2025)
15.2 Global Battery Energy Storage Market Forecast by Applications (2020-2025)
List of Tables and Figures
Figure Battery Energy Storage Picture
Table Battery Energy Storage Key Market Segments
Figure Study and Forecasting Years
Figure Global Battery Energy Storage Market Size and Growth Rate 2015-2025
Figure Industry PESTEL Analysis
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Figure Global Battery Energy Storage Value ($) and Growth Rate (2015-2020)
Table Global Battery Energy Storage Value ($) by Countries (2015-2020)
Table Global Battery Energy Storage Value Market Share by Regions (2015-2020)
Figure Global Battery Energy Storage Value Market Share by Regions in 2019
Figure Global Battery Energy Storage Production and Growth Rate (2015-2020)
Table Global Battery Energy Storage Production by Major Countries (2015-2020)
Table Global Battery Energy Storage Production Market Share by Major Countries (2015-2020)
Figure Global Battery Energy Storage Production Market Share by Regions in 2019
Figure Global Battery Energy Storage Consumption and Growth Rate (2015-2020)
Table Global Battery Energy Storage Consumption by Regions (2015-2020)
Table Global Battery Energy Storage Consumption Market Share by Regions (2015-2020)
Figure Global Battery Energy Storage Consumption Market Share by Regions in 2019
Table Global Battery Energy Storage Export Top 3 Country 2019
Table Global Battery Energy Storage Import Top 3 Country 2019
Table United States Battery Energy Storage Export and Import (2015-2020)
Table Europe Battery Energy Storage Export and Import (2015-2020)
Table China Battery Energy Storage Export and Import (2015-2020)
Table Japan Battery Energy Storage Export and Import (2015-2020)
Table India Battery Energy Storage Export and Import (2015-2020)
Table Global Battery Energy Storage Production by Types (2015-2020)
Table Global Battery Energy Storage Production Market Share by Types (2015-2020)
Figure Global Battery Energy Storage Production Share by Type (2015-2020)
Table Global Battery Energy Storage Value by Types (2015-2020)
Table Global Battery Energy Storage Value Market Share by Types (2015-2020)
Figure Global Battery Energy Storage Value Share by Type (2015-2020)
Figure Global Lithium-Ion Production and Growth Rate (2015-2020)
Figure Global Lithium-Ion Price (2015-2020)
Figure Global Advanced Lead Acid Production and Growth Rate (2015-2020)
Figure Global Advanced Lead Acid Price (2015-2020)
Figure Global Flow Batteries Production and Growth Rate (2015-2020)
Figure Global Flow Batteries Price (2015-2020)
Figure Global Sodium Sulfur Production and Growth Rate (2015-2020)
Figure Global Sodium Sulfur Price (2015-2020)
Table Global Battery Energy Storage Consumption by Applications (2015-2020)
Table Global Battery Energy Storage Consumption Market Share by Applications (2015-2020)
Figure Global Battery Energy Storage Consumption Share by Application (2015-2020)
Figure Global Residential Consumption and Growth Rate (2015-2020)
Figure Global Industrial Consumption and Growth Rate (2015-2020)
Figure Global Commercial Consumption and Growth Rate (2015-2020)
Figure North America Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Table North America Battery Energy Storage Consumption by Countries (2015-2020)
Table North America Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure North America Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure United States Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure Canada Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure Mexico Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure Europe Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Table Europe Battery Energy Storage Consumption by Countries (2015-2020)
Table Europe Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure Europe Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure Germany Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure United Kingdom Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure France Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure Italy Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure Spain Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure Europe COVID-19 Status
Figure Asia-Pacific Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Table Asia-Pacific Battery Energy Storage Consumption by Countries (2015-2020)
Table Asia-Pacific Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure Asia-Pacific Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure China Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure Japan Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure South Korea Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure Southeast Asia Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure India Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Table Middle East and Africa Battery Energy Storage Consumption by Countries (2015-2020)
Table Middle East and Africa Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure Middle East and Africa Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure Saudi Arabia Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure UAE Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure South Africa Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Figure South America Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Table South America Battery Energy Storage Consumption by Countries (2015-2020)
Table South America Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure South America Battery Energy Storage Consumption Market Share by Countries (2015-2020)
Figure Brazil Battery Energy Storage Market Consumption and Growth Rate (2015-2020)
Table Eve Energy Company Profile
Table Eve Energy Production, Value, Price, Gross Margin 2015-2020
Figure Eve Energy Production and Growth Rate
Figure Eve Energy Value ($) Market Share 2015-2020
Table TerraE Holding Company Profile
Table TerraE Holding Production, Value, Price, Gross Margin 2015-2020
Figure TerraE Holding Production and Growth Rate
Figure TerraE Holding Value ($) Market Share 2015-2020
Table Samsung SDI Company Profile
Table Samsung SDI Production, Value, Price, Gross Margin 2015-2020
Figure Samsung SDI Production and Growth Rate
Figure Samsung SDI Value ($) Market Share 2015-2020
Table CATL Company Profile
Table CATL Production, Value, Price, Gross Margin 2015-2020
Figure CATL Production and Growth Rate
Figure CATL Value ($) Market Share 2015-2020
Table LG Chem Company Profile
Table LG Chem Production, Value, Price, Gross Margin 2015-2020
Figure LG Chem Production and Growth Rate
Figure LG Chem Value ($) Market Share 2015-2020
Table Parker Hannifin Company Profile
Table Parker Hannifin Production, Value, Price, Gross Margin 2015-2020
Figure Parker Hannifin Production and Growth Rate
Figure Parker Hannifin Value ($) Market Share 2015-2020
Table SK Innovation Company Profile
Table SK Innovation Production, Value, Price, Gross Margin 2015-2020
Figure SK Innovation Production and Growth Rate
Figure SK Innovation Value ($) Market Share 2015-2020
Table BYD Company Profile
Table BYD Production, Value, Price, Gross Margin 2015-2020
Figure BYD Production and Growth Rate
Figure BYD Value ($) Market Share 2015-2020
Table Funeng Technology Company Profile
Table Funeng Technology Production, Value, Price, Gross Margin 2015-2020
Figure Funeng Technology Production and Growth Rate
Figure Funeng Technology Value ($) Market Share 2015-2020
Table Tesla Company Profile
Table Tesla Production, Value, Price, Gross Margin 2015-2020
Figure Tesla Production and Growth Rate
Figure Tesla Value ($) Market Share 2015-2020
Table Guoxuan High-Tech Company Profile
Table Guoxuan High-Tech Production, Value, Price, Gross Margin 2015-2020
Figure Guoxuan High-Tech Production and Growth Rate
Figure Guoxuan High-Tech Value ($) Market Share 2015-2020
Figure North America Market Consumption and Growth Rate Forecast (2020-2025)
Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)
Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)
Figure South America Market Consumption and Growth Rate Forecast (2020-2025)
Table Global Battery Energy Storage Market Forecast Production by Types (2020-2025)
Table Global Battery Energy Storage Market Forecast Production Share by Types (2020-2025)
Table Global Battery Energy Storage Market Forecast Value ($) by Types (2020-2025)
Table Global Battery Energy Storage Market Forecast Value Share by Types (2020-2025)
Table Global Battery Energy Storage Market Forecast Consumption by Applications (2020-2025)
Table Global Battery Energy Storage Market Forecast Consumption Share by Applications (2020-2025)
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
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Total Market |
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