According to the new market research report "Battery Energy Storage System Market
by Battery Type (Lithium-Ion, Advanced Lead Acid, Flow Batteries,,
& Sodium Sulfur), Connection Type (On-Grid and Off-Grid), Ownership,
Revenue Source, Application, And Geography - Global Forecast to 2022",
the battery energy storage system market is expected to reach USD
6.81 Billion by 2022, growing at a CAGR of 37.0% between 2016 and 2022.
Factors such as increasing demand for grid-connected solutions,
growing electric vehicle market, high requirement of lithium-ion
batteries in various applications, and government support are expected
to boost the growth of the battery energy storage system market.
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The research methodology used to estimate and forecast the battery energy storage system market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global market from the revenue of the key players in the market.
https://www.marketsandmarkets.com/requestsample.asp?id=112809494
The research methodology used to estimate and forecast the battery energy storage system market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global market from the revenue of the key players in the market.
After
arriving at the overall market size, the total market has been split
into several segments and subsegments, which are then verified through
primary research by conducting extensive interviews with key people such
as CEOs, VPs, directors, and executives. This data triangulation and
market breakdown procedures have been employed to complete the overall
market engineering process and arrive at the exact statistics for all
segments and subsegments.
The ecosystem of the battery energy storage system
market includes the raw material provider and component manufacturer,
battery energy storage system manufacturers, system integrators, and
distributors. The key players in the market include ABB Ltd.
(Switzerland), AEG Power Solutions (The Netherland), General Electric
Co. (U.S.), Hitachi ltd (Japan), LG Chem. (South Korea), NEC Corporation
(Japan), Panasonic Corporation (Japan), Samsung SDI Co., ltd. (South
Korea), Siemens AG (Germany), and Tesla Motors Ltd. (U.S.) among others.
This research report categorizes the global battery
energy storage system market on the basis of battery type, connection
type, ownership, revenue source, application, and geography. This report
describes the drivers, restraints, opportunities, and challenges with
respect to the battery energy storage system market. The Porter’s five
forces analysis has been included in the report with a description of
each of its forces and their respective impact on the battery energy
storage system market. Brief information on the research methodology
implemented for the report can be found in the report description
provided on the website.
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Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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