The “Battery Energy Storage System: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
Rapidly growing demand of renewable energy sources is the key factor driving the growth of battery energy storage system market worldwide.
Several government organizations across various countries are taking the initiative to promote the use of renewable energy. The energy storage system plays important role in the renewable energy generation system as they helps to improve the reliability and flexibility of the system.
The increasing adoption of lithium ions battery in the renewable power generation system is likely to escalate the demands of battery energy storage system market. Furthermore, the decreased pricing of lithium batteries is also one of the factors that helps to boost the growth of battery energy storage system market.
However, the high initial investments are hampering the growth of battery energy storage system market. Moreover, ongoing developments in the renewable energy sector, and use of battery storage for residential application are projected to create several opportunities in the battery energy storage system market.
Geographically, North America holds the maximum share in the battery energy storage system market and expected to be the dominating region in this market over the forecast period. The rapidly increasing demand for battery required to store renewable energy and increase number of data centers powered through solar energy in North America are driving the growth of battery energy storage system market in this region.
Key Topics Covered
2. Executive Summary
3. Global Battery Energy Storage System Overview
4. Battery Energy Storage System Macro Indicator Analysis
5. Global Battery Energy Storage System by Technology
6. Global Battery Energy Storage System by Connection Type
7. Global Battery Energy Storage System by Application
8. Global Battery Energy Storage System by Region 2018-2024
9. Company Profiles and Competitive Landscape
- LG Chem
- Samsung SDI
- General Electric
- Siemens AG
- AEG Power Solutions
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