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. 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 Battery Energy Storage Systems for Smart Grid market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Battery Energy Storage Systems for Smart Grid. This report presents the worldwide Battery Energy Storage Systems for Smart Grid market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The following manufacturers are covered in this report: Siemens ABB Samsung SDI GEAlstom A123 Bosch BYD AES Energy Storage LG Chem Battery Energy Storage Systems for Smart Grid Breakdown Data by Type Secondary Batteries Flow Batteries Others Battery Energy Storage Systems for Smart Grid Breakdown Data by Application Energy Management Backup Power Voltage Support Load Leveling Others Battery Energy Storage Systems for Smart Grid Production by Region United States Europe China Japan Other Regions Battery Energy Storage Systems for Smart Grid Consumption by Region North America United States Canada Mexico Asia-Pacific China India Japan South Korea Australia Indonesia Malaysia Philippines Thailand Vietnam Europe Germany France UK Italy Russia Rest of Europe Central & South America Brazil Rest of South America Middle East & Africa GCC Countries Turkey Egypt South Africa Rest of Middle East & Africa The study objectives are: To analyze and research the global Battery Energy Storage Systems for Smart Grid status and future forecast?involving, production, revenue, consumption, historical and forecast. To present the key Battery Energy Storage Systems for Smart Grid manufacturers, production, revenue, market share, and recent development. To split the breakdown data by regions, type, manufacturers and applications. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. To identify significant trends, drivers, influence factors in global and regions. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. In this study, the years considered to estimate the market size of Battery Energy Storage Systems for Smart Grid : History Year: 2014 - 2018 Base Year: 2018 Estimated Year: 2019 Forecast Year: 2019 - 2025 This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Battery Energy Storage Systems for Smart Grid market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources. For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Table of Contents 1 Study Coverage 1.1 Battery Energy Storage Systems for Smart Grid Product 1.2 Key Market Segments in This Study 1.3 Key Manufacturers Covered 1.4 Market by Type 1.4.1 Global Battery Energy Storage Systems for Smart Grid Market Size Growth Rate by Type 1.4.2 Secondary Batteries 1.4.3 Flow Batteries 1.4.4 Others 1.5 M
