Goldstein Research forecasts Battery Energy Storage Systems to be USD 10 bn Market by 2025
New York, NY- September 7,2019- Goldstein Research, a leading market intelligence & consulting firm, in its latest study titled “ Global Battery Energy Systems Market Outlook, 2025” predicts solid growth for the battery energy storage system market, with a CAGR of 6.5% % over the next six years to reach USD 10.0 billion by 2025. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the market
The research finds that the market tends to be driven by the factors such as the development of micro grids and smart grids, manufacturing of robust and reliable power electronics and increasing use of batteries in the transportation sector and in residential applications.
Analysts at Goldstein Research also reveal that global battery energy storage system market segmentation based on battery type, signify lithium-ion battery segment acquiring largest market share i.e. 60% in 2017 of the overall market owing to the fact that they have the longer lifespan, greater efficiency and low maintenance. Global market is largely dominated by the Asia Pacific and is expected to have nearly 30% market share in 2017. The growing energy and transportation sector, majorly in countries such as China, Japan, India, Singapore and South Korea among others are the key factors driving the growth of APAC battery energy storage system market.
Learn more @ https://bit.ly/2lHFw3u
Global Battery Energy Storage System Market has been segmented and sub-segmented as follows:
Based on Technology
- Peak shaving
- Peak demand shifting
- Frequency regulation
- Load leveling
Based on Battery Type
- Nickel Cadmium Battery
- Vanadium Redox-Flow
- Sodium-Sulphur (Zebra) Batteries
Based on Solution
- On-Grid Solution
- Off-Grid Solution
Based on End-User
- Automotive Sector
- Energy Sectors
- Others Sectors
- North America (United States, Canada)
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Asia Pacific battery energy storage system Market (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
“Battery Energy Storage System Market Outlook 2025” by Goldstein Research contains a detailed overview of the global battery energy storage system market. Further, for the in-depth analysis, it encompasses the growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This also includes competitive outlook of some of the major players profiling of companies such as ABB Ltd., LG Chem, Ltd., Tesla, Inc., Samsung SDI Co, Ltd, AES Energy Storage, EnSync Energy, General Electric, Panasonic, Enersys, Active Power, Beacon Power, Greensmith Energy Management Systems, Convergent Energy and Power Inc., Haier Electronics Group Co, Ltd, Bajaj Electricals Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Objectives of Study:
- To analyze and forecast market size of the battery energy storage system market.
- To calculate the expected growth rate of the battery energy storage system market.
- To classify and forecast the battery energy storage system market based on technology, battery type, solution, end user and geography.
- To identify market key players, driving factors, & trends of the battery energy storage system market with the help of SWOT Analysis.
- To identify and analyze the profiles of leading players involved in the manufacturing and supplying of the battery energy storage system market.
- To identify market opportunities for the existing and entry level players.
Overall, it represents the global battery energy storage system market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Further information on “Global Battery Energy Systems Market Outlook, 2025” is available @ https://bit.ly/2lHFw3u
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts are working on energy resources industry reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in a rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.
Contact for more Info:
(Global Sales Head)
USA: + 1-646-568-7747