Battery Energy Storage Systems for Smart Grid Market

The global Battery Energy Storage Systems for Smart Grid market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Battery Energy Storage Systems for Smart Grid market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Battery Energy Storage Systems for Smart Grid market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Battery Energy Storage Systems for Smart Grid market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

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.

Battery Energy Storage Systems for Smart Grid Market aims to provide a comprehensive presentation of the global market for Battery Energy Storage Systems for Smart Grid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Battery Energy Storage Systems for Smart Grid. Battery Energy Storage Systems for Smart Grid Market contains market size and forecasts of Battery Energy Storage Systems for Smart Grid in global, including the following market information:

Global Battery Energy Storage Systems for Smart Grid Market Revenue, 2018-2023, 2024-2032, ($ millions)

Global Battery Energy Storage Systems for Smart Grid Market Sales, 2018-2023, 2024-2032, (K Units)

Global top five Battery Energy Storage Systems for Smart Grid companies in 2022 (%)

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 regions growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Battery Energy Storage Systems for Smart Grid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

• Secondary Batteries
• Flow Batteries
• Others

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

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

• Key companies Battery Energy Storage Systems for Smart Grid revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Battery Energy Storage Systems for Smart Grid revenues share in global market, 2022 (%)
• Key companies Battery Energy Storage Systems for Smart Grid sales in global market, 2018-2023 (Estimated), (K Units)
• Key companies Battery Energy Storage Systems for Smart Grid sales share in global market, 2022 (%)

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

Outline of Major Chapters:

Chapter 1: Introduces the definition of Battery Energy Storage Systems for Smart Grid, market overview.

Chapter 2: Global Battery Energy Storage Systems for Smart Grid market size in revenue and volume.

Chapter 3: Detailed analysis of Battery Energy Storage Systems for Smart Grid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Battery Energy Storage Systems for Smart Grid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Battery Energy Storage Systems for Smart Grid capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.