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Global Ancillary Services for Battery Energy Storage Systems Market Size study, by Type (Frequency Regulation, Congestion Relief, Voltage Support, Power Smoothing, Peak Shaving, Backup Power, Solar Plus Storage, Grid Reliability & Microgrid Capability, Others), by Battery Energy Storage System Type (Lead Acid, Lithium-ion, Flow Batteries, Nickel-based Batteries, Sodium-Sulphur, Zinc-Bromide), by End-Use (Residential, Commercial, Industrial, Utilities) and Regional Forecasts 2022-2032

August 2024 | 200 pages | ID: G4D999D30167EN
Bizwit Research & Consulting LLP

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Global Ancillary Services for Battery Energy Storage Systems Market is valued approximately at USD 1.62 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 14.77% over the forecast period 2024-2032. Ancillary services for battery energy storage systems encompass a variety of supportive functions beyond mere energy storage. These include frequency regulation, congestion relief, voltage support, power smoothing, and peak shaving, all of which are crucial for enhancing grid stability and reliability. By swiftly adjusting power output to meet demand fluctuations and maintain system balance, these services play an indispensable role in integrating renewable energy sources and managing grid variability effectively. Technological advancements in battery technology are further fuelling the market's growth. Innovations aimed at improving energy density, cycle life, safety, scalability, and affordability are ongoing, with lithium-ion batteries gaining significant attention due to their high energy density and rapid charging capabilities. Additionally, flow batteries, which utilize liquid electrolytes in external tanks, offer scalability and longer-duration storage options, positioning them as strong competitors in the energy storage domain.

The increasing penetration of renewable energy sources such as solar and wind power is a significant driver propelling the market growth. Fossil fuels have been a predominant energy source, causing climate change and adverse health impacts due to greenhouse emissions and pollution. The shift towards renewable sources, prompted by their abundance and minimal environmental impact, has led to a surge in demand for these sustainable energy options. According to the Energy Information Administration, U.S. solar power generation is projected to grow by 75%, from 163 billion kilowatt-hours (kWh) in 2024 to 286 billion kWh in 2025. Wind energy usage is also expected to rise, driven by the high demand for energy, increasing by 11% from 430 billion kWh in 2024 to 476 billion kWh in 2025. Renewable sources are anticipated to constitute 22% of the U.S. electric power generation in 2024, surpassing nuclear and coal.

The key regions considered for the global Ancillary Services for Battery Energy Storage Systems market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2023, the Asia Pacific region dominate the market in terms of revenue and expected to grow at a fastest CAGR during the forecast period 2024-2032, driven by the need for reliable and efficient electricity infrastructures amid ongoing industrialization and urbanization. The region is also witnessing significant investments in grid modernization and energy storage projects, particularly in countries such as China, Japan, South Korea, and Australia.

Major market player included in this report are:

Nidec Industrial Solutions

ESS Inc.

EDF Energy

Powin Energy

Saft

Mitsubishi Heavy Industries, Ltd.

Honeywell International, Inc.

LG Energy Solution Ltd.

NextEra Energy

Doosan GridTech

General Electric

Tesla, Inc.

Siemens AG

ABB Ltd.

Samsung SDI

The detailed segments and sub-segment of the market are explained below:

By Type:

Frequency Regulation (and Balancing)

Congestion Relief

Voltage Support

Power Smoothing

Peak Shaving

Backup Power

Solar Plus Storage

Grid Reliability & Microgrid Capability

Others

By Battery Energy Storage System Type:

Lead Acid

Lithium-ion

Flow Batteries

Nickel-based Batteries

Sodium-Sulphur

Zinc-Bromide

By End-Use:

Residential

Commercial

Industrial

Utilities

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL ANCILLARY SERVICES FOR BATTERY ENERGY STORAGE SYSTEMS MARKET EXECUTIVE SUMMARY

1.1. Global Ancillary Services for Battery Energy Storage Systems Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Type
  1.3.2. By Battery Energy Storage System Type
  1.3.3. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL ANCILLARY SERVICES FOR BATTERY ENERGY STORAGE SYSTEMS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL ANCILLARY SERVICES FOR BATTERY ENERGY STORAGE SYSTEMS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Penetration of Renewable Energy Sources
  3.1.2. Technological Advancements in Battery Storage
  3.1.3. Growing Demand for Lithium-Ion Battery Energy Storage Systems
3.2. Market Challenges
  3.2.1. High Costs Associated with Advanced Battery Systems
  3.2.2. Complexity in Integrating Battery Storage with Existing Grid Infrastructure
3.3. Market Opportunities
  3.3.1. Expansion in Renewable Energy Projects
  3.3.2. Innovations in Battery Technologies
  3.3.3. Government Initiatives for Sustainable Energy Solutions

CHAPTER 4. GLOBAL ANCILLARY SERVICES FOR BATTERY ENERGY STORAGE SYSTEMS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ANCILLARY SERVICES FOR BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Ancillary Services for Battery Energy Storage Systems Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Frequency Regulation (and Balancing)
  5.2.2. Congestion Relief
  5.2.3. Voltage Support
  5.2.4. Power Smoothing
  5.2.5. Peak Shaving
  5.2.6. Backup Power
  5.2.7. Solar Plus Storage
  5.2.8. Grid Reliability & Microgrid Capability
  5.2.9. Others

CHAPTER 6. GLOBAL ANCILLARY SERVICES FOR BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE & FORECASTS BY BATTERY ENERGY STORAGE SYSTEM TYPE 2022-2032

6.1. Segment Dashboard
6.2. Global Ancillary Services for Battery Energy Storage Systems Market: Battery Energy Storage System Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Lead Acid
  6.2.2. Lithium-ion
  6.2.3. Flow Batteries
  6.2.4. Nickel-based Batteries
  6.2.5. Sodium-Sulphur
  6.2.6. Zinc-Bromide

CHAPTER 7. GLOBAL ANCILLARY SERVICES FOR BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE & FORECASTS BY END-USE 2022-2032

7.1. Segment Dashboard
7.2. Global Ancillary Services for Battery Energy Storage Systems Market: End-Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Residential
  7.2.2. Commercial
  7.2.3. Industrial
  7.2.4. Utilities

CHAPTER 8. GLOBAL ANCILLARY SERVICES FOR BATTERY ENERGY STORAGE SYSTEMS MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Ancillary Services for Battery Energy Storage Systems Market
  8.1.1. U.S. Ancillary Services for Battery Energy Storage Systems Market
    8.1.1.1. Type breakdown size & forecasts, 2022-2032
    8.1.1.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.1.1.3. End-Use breakdown size & forecasts, 2022-2032
  8.1.2. Canada Ancillary Services for Battery Energy Storage Systems Market
    8.1.2.1. Type breakdown size & forecasts, 2022-2032
    8.1.2.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.1.2.3. End-Use breakdown size & forecasts, 2022-2032
  8.1.3. Mexico Ancillary Services for Battery Energy Storage Systems Market
    8.1.3.1. Type breakdown size & forecasts, 2022-2032
    8.1.3.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.1.3.3. End-Use breakdown size & forecasts, 2022-2032
8.2. Europe Ancillary Services for Battery Energy Storage Systems Market
  8.2.1. U.K. Ancillary Services for Battery Energy Storage Systems Market
    8.2.1.1. Type breakdown size & forecasts, 2022-2032
    8.2.1.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.2.1.3. End-Use breakdown size & forecasts, 2022-2032
  8.2.2. Germany Ancillary Services for Battery Energy Storage Systems Market
    8.2.2.1. Type breakdown size & forecasts, 2022-2032
    8.2.2.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.2.2.3. End-Use breakdown size & forecasts, 2022-2032
  8.2.3. France Ancillary Services for Battery Energy Storage Systems Market
    8.2.3.1. Type breakdown size & forecasts, 2022-2032
    8.2.3.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.2.3.3. End-Use breakdown size & forecasts, 2022-2032
  8.2.4. Spain Ancillary Services for Battery Energy Storage Systems Market
    8.2.4.1. Type breakdown size & forecasts, 2022-2032
    8.2.4.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.2.4.3. End-Use breakdown size & forecasts, 2022-2032
  8.2.5. Italy Ancillary Services for Battery Energy Storage Systems Market
    8.2.5.1. Type breakdown size & forecasts, 2022-2032
    8.2.5.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.2.5.3. End-Use breakdown size & forecasts, 2022-2032
  8.2.6. Rest of Europe Ancillary Services for Battery Energy Storage Systems Market
    8.2.6.1. Type breakdown size & forecasts, 2022-2032
    8.2.6.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.2.6.3. End-Use breakdown size & forecasts, 2022-2032
8.3. Asia-Pacific Ancillary Services for Battery Energy Storage Systems Market
  8.3.1. China Ancillary Services for Battery Energy Storage Systems Market
    8.3.1.1. Type breakdown size & forecasts, 2022-2032
    8.3.1.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.3.1.3. End-Use breakdown size & forecasts, 2022-2032
  8.3.2. India Ancillary Services for Battery Energy Storage Systems Market
    8.3.2.1. Type breakdown size & forecasts, 2022-2032
    8.3.2.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.3.2.3. End-Use breakdown size & forecasts, 2022-2032
  8.3.3. Japan Ancillary Services for Battery Energy Storage Systems Market
    8.3.3.1. Type breakdown size & forecasts, 2022-2032
    8.3.3.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.3.3.3. End-Use breakdown size & forecasts, 2022-2032
  8.3.4. Australia Ancillary Services for Battery Energy Storage Systems Market
    8.3.4.1. Type breakdown size & forecasts, 2022-2032
    8.3.4.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.3.4.3. End-Use breakdown size & forecasts, 2022-2032
  8.3.5. South Korea Ancillary Services for Battery Energy Storage Systems Market
    8.3.5.1. Type breakdown size & forecasts, 2022-2032
    8.3.5.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.3.5.3. End-Use breakdown size & forecasts, 2022-2032
  8.3.6. Rest of Asia Pacific Ancillary Services for Battery Energy Storage Systems Market
    8.3.6.1. Type breakdown size & forecasts, 2022-2032
    8.3.6.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.3.6.3. End-Use breakdown size & forecasts, 2022-2032
8.4. Latin America Ancillary Services for Battery Energy Storage Systems Market
  8.4.1. Brazil Ancillary Services for Battery Energy Storage Systems Market
    8.4.1.1. Type breakdown size & forecasts, 2022-2032
    8.4.1.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.4.1.3. End-Use breakdown size & forecasts, 2022-2032
  8.4.2. Mexico Ancillary Services for Battery Energy Storage Systems Market
    8.4.2.1. Type breakdown size & forecasts, 2022-2032
    8.4.2.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.4.2.3. End-Use breakdown size & forecasts, 2022-2032
  8.4.3. Rest of Latin America Ancillary Services for Battery Energy Storage Systems Market
    8.4.3.1. Type breakdown size & forecasts, 2022-2032
    8.4.3.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.4.3.3. End-Use breakdown size & forecasts, 2022-2032
8.5. Middle East & Africa Ancillary Services for Battery Energy Storage Systems Market
  8.5.1. Saudi Arabia Ancillary Services for Battery Energy Storage Systems Market
    8.5.1.1. Type breakdown size & forecasts, 2022-2032
    8.5.1.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.5.1.3. End-Use breakdown size & forecasts, 2022-2032
  8.5.2. South Africa Ancillary Services for Battery Energy Storage Systems Market
    8.5.2.1. Type breakdown size & forecasts, 2022-2032
    8.5.2.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.5.2.3. End-Use breakdown size & forecasts, 2022-2032
  8.5.3. Rest of Middle East & Africa Ancillary Services for Battery Energy Storage Systems Market
    8.5.3.1. Type breakdown size & forecasts, 2022-2032
    8.5.3.2. Battery Energy Storage System Type breakdown size & forecasts, 2022-2032
    8.5.3.3. End-Use breakdown size & forecasts, 2022-2032

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Nidec Industrial Solutions
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. ESS Inc.
  9.3.3. EDF Energy
  9.3.4. Powin Energy
  9.3.5. Saft
  9.3.6. Mitsubishi Heavy Industries, Ltd.
  9.3.7. Honeywell International, Inc.
  9.3.8. LG Energy Solution Ltd.
  9.3.9. NextEra Energy
  9.3.10. Doosan GridTech
  9.3.11. General Electric
  9.3.12. Tesla, Inc.
  9.3.13. Siemens AG
  9.3.14. ABB Ltd.
  9.3.15. Samsung SDI

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Ancillary Services for Battery Energy Storage Systems market, report scope
TABLE 2. Global Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by Battery Energy Storage System Type 2022-2032 (USD Billion)
TABLE 5. Global Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by End-Use 2022-2032 (USD Billion)
TABLE 6. Global Ancillary Services for Battery Energy Storage Systems market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Ancillary Services for Battery Energy Storage Systems market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. U.S. Ancillary Services for Battery Energy Storage Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. U.S. Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 10. Canada Ancillary Services for Battery Energy Storage Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Canada Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 12. Mexico Ancillary Services for Battery Energy Storage Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Mexico Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 14. U.K. Ancillary Services for Battery Energy Storage Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.K. Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 16. Germany Ancillary Services for Battery Energy Storage Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. Germany Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. France Ancillary Services for Battery Energy Storage Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. France Ancillary Services for Battery Energy Storage Systems market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Spain Ancillary Services for Battery Energy Storage Systems market estimates & forecasts, 2022-2032 (USD Billion)
.......
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Ancillary Services for Battery Energy Storage Systems market, research methodology
FIG 2. Global Ancillary Services for Battery Energy Storage Systems market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Ancillary Services for Battery Energy Storage Systems market, key trends 2023
FIG 5. Global Ancillary Services for Battery Energy Storage Systems market, growth prospects 2022-2032
FIG 6. Global Ancillary Services for Battery Energy Storage Systems market, porters 5 force model
FIG 7. Global Ancillary Services for Battery Energy Storage Systems market, PESTEL analysis
FIG 8. Global Ancillary Services for Battery Energy Storage Systems market, value chain analysis
FIG 9. Global Ancillary Services for Battery Energy Storage Systems market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Ancillary Services for Battery Energy Storage Systems market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Ancillary Services for Battery Energy Storage Systems market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Ancillary Services for Battery Energy Storage Systems market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Ancillary Services for Battery Energy Storage Systems market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Ancillary Services for Battery Energy Storage Systems market, regional snapshot 2022 & 2032
FIG 15. North America Ancillary Services for Battery Energy Storage Systems market 2022 & 2032 (USD Billion)
FIG 16. Europe Ancillary Services for Battery Energy Storage Systems market 2022 & 2032 (USD Billion)
FIG 17. Asia-Pacific Ancillary Services for Battery Energy Storage Systems market 2022 & 2032 (USD Billion)
FIG 18. Latin America Ancillary Services for Battery Energy Storage Systems market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Ancillary Services for Battery Energy Storage Systems market 2022 & 2032 (USD Billion)
FIG 20. Global Ancillary Services for Battery Energy Storage Systems market, company market share analysis (2023)
......
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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