Battery Energy Storage Systems for Smart Grid Market Forecast 2018 to 2023

Owing to the growing consumption of power across the globe, there is a greater need for energy storage as distributed generation. Distributed generation produces power close to the areas where it is consumed so that the distance is reduced, resulting in less transmission and distribution losses. Distributed Energy Resources (DER) will be increasingly used to meet the future electricity demands for residential and industrial customers, utilities and commercial customers. The growing requirement to mitigate the power transmission and distribution losses will propel the demand for distributed generation during the forecast period.

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Scope of the Report:

This report focuses on the Battery Energy Storage Systems for Smart Grid market in global, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.Key factors such as the aging power infrastructure, need for mitigation of cybersecurity risks and accumulation of new resources to the grid has propelled the grid manufacturing companies to opt for ways to make the grid reliable, protect it against cybersecurity, and increase flexibility to make rapid changes according to supply and demand conditions.

Many utilities are implementing smart grids that use digital and IT systems to manage the power flow efficiently and effectively. The Americas dominated the battery energy storage market for smart grid and accounted for most of the total market share. Much of the region’s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems.The worldwide market for Battery Energy Storage Systems for Smart Grid is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new GIR (Global Info Research) study.

Market Segment by Manufacturers, this report covers

  • Siemens
  • ABB
  • Samsung SDI
  • GEAlstom
  • A123
  • Bosch
  • BYD
  • AES Energy Storage
  • LG Chem

Market Segment by Regions, regional analysis covers

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

  • Secondary Batteries
  • Flow Batteries
  • Others

Market Segment by Applications, can be divided into

  • Energy Management
  • Backup Power
  • Voltage Support
  • Load Leveling
  • Others

There are 15 Chapters to deeply display the global Battery Energy Storage Systems for Smart Grid market.

  • Chapter 1, to describe Battery Energy Storage Systems for Smart Grid Introduction, product scope, market overview, market opportunities, market risk, market driving force;
  • Chapter 2, to analyze the top manufacturers of Battery Energy Storage Systems for Smart Grid, with sales, revenue, and price of Battery Energy Storage Systems for Smart Grid, in 2016 and 2017;
  • Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
  • Chapter 4, to show the global market by regions, with sales, revenue and market share of Battery Energy Storage Systems for Smart Grid, for each region, from 2013 to 2018;
  • Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
  • Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
  • Chapter 12, Battery Energy Storage Systems for Smart Grid market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
  • Chapter 13, 14 and 15, to describe Battery Energy Storage Systems for Smart Grid sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

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Table of content

1 Market Overview
1.1 Battery Energy Storage Systems for Smart Grid Introduction
1.2 Market Analysis by Type
1.2.1 Secondary Batteries
1.2.2 Flow Batteries

Manufacturers Profiles
2.1 Siemens
2.1.1 Business Overview
2.1.2 Battery Energy Storage Systems for Smart Grid Type and Applications

3 Global Battery Energy Storage Systems for Smart Grid Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
3.1 Global Battery Energy Storage Systems for Smart Grid Sales and Market Share by Manufacturer (2016-2017)
3.2 Global Battery Energy Storage Systems for Smart Grid Revenue and Market Share by Manufacturer (2016-2017)
3.3 Market Concentration Rate

Key Que Answered in this report:

  1. What will the Battery Energy Storage Systems for Smart Grid Market the growth rate be in 2025?
  2. What are the key factors driving the Global Battery Energy Storage Systems for Smart Grid Market with a focus on the Chinese market?
  3. What are the key market trends in Battery Energy Storage Systems for Smart Grid Market?
  4. improve pasting the growth of the Battery Energy Storage Systems for Smart Grid Market?
  5. What are the challenges to Global Battery Energy Storage Systems for Smart Grid Market?
  6. What are the market opportunities and threats faced by the vendors in the Global Battery Energy Storage Systems for Smart Grid Market?
  7. What are the key outcomes of the five forces analysis of Battery Energy Storage Systems for Smart Grid Market?

What is our report offers:

Strategic suggestions and proposals for the beginners to understand
Assessments of the market share from different countries and regions were conducted
Top key market players, market share analysis included.
The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added.
The competitive landscaping mappings of the ongoing trends are discussed.
Based on the market estimations, the strategic recommendations are made in the business segments

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