The Battery Energy Storage market size is projected to reach a CAGR of 33% from 2021 to 2028.
Battery Energy Storage is a power storage technology that store the energy and power generated using renewable energy sources like wind and light. These provide a much environment safe alternative to the conventional fossil fuel powered energy sources.
Surged demand for continuous power and energy storage along with the advancements in he grids are some of the factors that have supported long-term expansion for Battery Energy Storage Market.
COVID-19 had a negative effect on the market, as the demand for power decreased during the time of pandemic.
APAC is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the electrification of remote areas in the region.
Insights are provided for each region and major countries within the regions
|
Report Feature |
Descriptions |
|---|---|
|
Growth Rate |
CAGR of 33% during the forecasting period, 2021-2028 |
|
Historical Data |
2018-2019 |
|
Forecast Years |
2021-2028 |
|
Base Year |
2020 |
|
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
|
Report Segmentation |
Element, battery type, connection type, ownership, energy capacity, application and region. |
|
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
|
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
|
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
|
Companies Profiled |
GS Yuasa Corporation, Contemporary Amperex Technology Co. Limited, UniEnergy Technologies, LLC, BYD Co. Ltd, and Clarios |
|
Available Customization |
In addition to the market data for Battery Energy Storage Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Battery Energy Storage Market is segmented into Element, Battery Type, Connection Type, Ownership, Energy Capacity, Application and region.
.png)
.png)
.png)
.png)
.png)
.png)