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Global Lithium-ion Battery Energy Storage System Market Size study & Forecast, by Connection Type (On-grid, Off-grid) by Application (Industrial, Residential, Commercial) and Regional Analysis, 2022-2029

March 2023 | 200 pages | ID: G32ACB0E9510EN
Bizwit Research & Consulting LLP

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Global Lithium-ion Battery Energy Storage System Market is valued at approximately USD 4.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 15% over the forecast period 2022-2029. Lithium-ion Energy Storage is a system that stores a certain amount of energy or charges from a grid or a power plant. This stored energy is later used for electricity generation or other grid services. It provides or enables a high level of renewable energy storage integration. Advanced lithium-ion battery energy storage system consists of a built-in inverter and computerized control systems that allows it to install easily without any additional user efforts. The rise in the demand and production for lithium-ion batteries, increase in the investment for grid energy storage systems, and increasing demand for grid energy storage are the factors driving the market growth.

According to the research department, the global demand for lithium-ion batteries is estimated to rise by 11 times in the forecast period. Increasing production of lithium-ion batteries is aiding its rising demand. It was estimated that global lithium-ion battery production would dramatically rise, rising from just under 300 gigawatt-hours in 2018 to more than two terawatt-hours in 2028. By 2050, it is anticipated that global power production will become 2 times along with the rising world's population. Additionally, Global investments in grid battery storage were projected to reach about 4.7 billion US dollars in 2021, an increase of 34% from the year before. Another important component driving market increase is the rising demand for grid energy storage. Furthermore, the rising electronic sector and increasing investment in the R&D of the energy storage system are the factors creating major market opportunities. However, the high cost of installing a Lithium-ion Battery Energy Storage System stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Lithium-ion Battery Energy Storage System Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the increasing advancements in the automotive industry that in turn increased the usage of microelectronics and increasing investments by key market players in the region. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising investments by key market players and government, continuous product development, adoption of new and innovative technology, and the region’s well-established electronics industry.
Major market player included in this report are:
Siemens AG
Hitachi Ltd.
Honeywell International Inc.
LG Electronics Inc.
Samsung Electronics Co Ltd
Panasonic Healthcare Co., Ltd.
ABB Ltd.
Toshiba Corporation
Parker Hannifin Corporation
Jakson Group
Recent Developments in the Market:
In February 2022, LG Energy Solutions acquired NEC Energy Solutions (lithium-ion battery and system integration business) based in the US, to expand its energy storage systems.
In November 2021, The e-mesh portfolio of energy storage and digital automation solutions from Hitachi Energy has been updated to provide the most complete collection of digital energy solutions in the energy sector.
Global Lithium-ion Battery Energy Storage System Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Connection Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Connection Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Connection Type:
On-grid
Off-grid

By Application:
Industrial
Residential
Commercial

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 the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Lithium-ion Battery Energy Storage System Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Lithium-ion Battery Energy Storage System Market, by Connection Type, 2019-2029 (USD Billion)
  1.2.3. Lithium-ion Battery Energy Storage System Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET DYNAMICS

3.1. Lithium-ion Battery Energy Storage System Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rise in the demand and production of lithium-ion batteries
    3.1.1.2. Increase in the investment for grid energy storage systems.
  3.1.2. Market Challenges
    3.1.2.1. High Cost of installing Lithium-ion Battery Energy Storage System
  3.1.3. Market Opportunities
    3.1.3.1. Rising electronic sector
    3.1.3.2. Increasing investment in the R&D of the energy storage system.

CHAPTER 4. GLOBAL LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM 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
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE

6.1. Market Snapshot
6.2. Global Lithium-ion Battery Energy Storage System Market by Connection Type, Performance - Potential Analysis
6.3. Global Lithium-ion Battery Energy Storage System Market Estimates & Forecasts by Connection Type 2019-2029 (USD Billion)
6.4. Lithium-ion Battery Energy Storage System Market, Sub-Segment Analysis
  6.4.1. On-grid
  6.4.2. Off-grid

CHAPTER 7. GLOBAL LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Lithium-ion Battery Energy Storage System Market by Application, Performance - Potential Analysis
7.3. Global Lithium-ion Battery Energy Storage System Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Lithium-ion Battery Energy Storage System Market, Sub Segment Analysis
  7.4.1. Industrial
  7.4.2. Residential
  7.4.3. Commercial

CHAPTER 8. GLOBAL LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, REGIONAL ANALYSIS

8.1. Lithium-ion Battery Energy Storage System Market, Regional Market Snapshot
8.2. North America Lithium-ion Battery Energy Storage System Market
  8.2.1. U.S. Lithium-ion Battery Energy Storage System Market
    8.2.1.1. Connection Type breakdown estimates & forecasts, 2019-2029
    8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
  8.2.2. Canada Lithium-ion Battery Energy Storage System Market
8.3. Europe Lithium-ion Battery Energy Storage System Market Snapshot
  8.3.1. U.K. Lithium-ion Battery Energy Storage System Market
  8.3.2. Germany Lithium-ion Battery Energy Storage System Market
  8.3.3. France Lithium-ion Battery Energy Storage System Market
  8.3.4. Spain Lithium-ion Battery Energy Storage System Market
  8.3.5. Italy Lithium-ion Battery Energy Storage System Market
  8.3.6. Rest of Europe Lithium-ion Battery Energy Storage System Market
8.4. Asia-Pacific Lithium-ion Battery Energy Storage System Market Snapshot
  8.4.1. China Lithium-ion Battery Energy Storage System Market
  8.4.2. India Lithium-ion Battery Energy Storage System Market
  8.4.3. Japan Lithium-ion Battery Energy Storage System Market
  8.4.4. Australia Lithium-ion Battery Energy Storage System Market
  8.4.5. South Korea Lithium-ion Battery Energy Storage System Market
  8.4.6. Rest of Asia Pacific Lithium-ion Battery Energy Storage System Market
8.5. Latin America Lithium-ion Battery Energy Storage System Market Snapshot
  8.5.1. Brazil Lithium-ion Battery Energy Storage System Market
  8.5.2. Mexico Lithium-ion Battery Energy Storage System Market
8.6. Rest of The World Lithium-ion Battery Energy Storage System Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Top Market Strategies
9.2. Company Profiles
  9.2.1. Siemens AG
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Product Summary
    9.2.1.5. Recent Developments
  9.2.2. Hitachi Ltd.
  9.2.3. Honeywell International Inc.
  9.2.4. LG Electronics Inc.
  9.2.5. Samsung Electronics Co Ltd
  9.2.6. Panasonic Healthcare Co., Ltd
  9.2.7. ABB Ltd.
  9.2.8. Toshiba Corporation
  9.2.9. Parker Hannifin Corporation
  9.2.10. Jakson Group

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
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Lithium-ion Battery Energy Storage System Market, report scope
TABLE 2. Global Lithium-ion Battery Energy Storage System Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Lithium-ion Battery Energy Storage System Market estimates & forecasts by Connection Type 2019-2029 (USD Billion)
TABLE 4. Global Lithium-ion Battery Energy Storage System Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 5. Global Lithium-ion Battery Energy Storage System Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Lithium-ion Battery Energy Storage System Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Lithium-ion Battery Energy Storage System Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Lithium-ion Battery Energy Storage System Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Lithium-ion Battery Energy Storage System Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Lithium-ion Battery Energy Storage System Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Lithium-ion Battery Energy Storage System Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Lithium-ion Battery Energy Storage System Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Lithium-ion Battery Energy Storage System Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Lithium-ion Battery Energy Storage System Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Lithium-ion Battery Energy Storage System Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Lithium-ion Battery Energy Storage System Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Lithium-ion Battery Energy Storage System Market
TABLE 70. List of primary sources, used in the study of global Lithium-ion Battery Energy Storage System Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Lithium-ion Battery Energy Storage System Market, research methodology
FIG 2. Global Lithium-ion Battery Energy Storage System Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Lithium-ion Battery Energy Storage System Market, key trends 2021
FIG 5. Global Lithium-ion Battery Energy Storage System Market, growth prospects 2022-2029
FIG 6. Global Lithium-ion Battery Energy Storage System Market, porters 5 force model
FIG 7. Global Lithium-ion Battery Energy Storage System Market, pest analysis
FIG 8. Global Lithium-ion Battery Energy Storage System Market, value chain analysis
FIG 9. Global Lithium-ion Battery Energy Storage System Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Lithium-ion Battery Energy Storage System Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Lithium-ion Battery Energy Storage System Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Lithium-ion Battery Energy Storage System Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Lithium-ion Battery Energy Storage System Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Lithium-ion Battery Energy Storage System Market, regional snapshot 2019 & 2029
FIG 15. North America Lithium-ion Battery Energy Storage System Market 2019 & 2029 (USD Billion)
FIG 16. Europe Lithium-ion Battery Energy Storage System Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Lithium-ion Battery Energy Storage System Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Lithium-ion Battery Energy Storage System Market 2019 & 2029 (USD Billion)
FIG 19. Global Lithium-ion Battery Energy Storage System Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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