Highlights of the global renewable battery storage market during the period 2019-2028

It is estimated that

der globale Markt für erneuerbare Batteriespeicher bis Ende 2028 einen Umsatz von 14984 Mio. USD von 9027 Mio. USD im Jahr 2019 erzielen wird indem er im Prognosezeitraum d. h. 2021–2028 mit einer CAGR von 3729 % wächst. Das Wachstum des Marktes ist auf die weltweit zunehmende Nutzung erneuerbarer Energien und die zunehmende Akzeptanz von Batteriespeichersystemen zurückzuführen. Batteriespeichersysteme entwickeln sich zu einer der wichtigsten Lösungen für die effektive Integration von Solar- und Windenergie erneuerbarer Energien in die Stromsysteme auf der ganzen Welt. So hat die schnell steigende Nachfrage nach Strom die zunehmende Einführung von erneuerbaren Batteriespeichersystemen in verschiedenen Endverbrauchssektoren beeinflusst. Laut den Statistiken der United States Energy Information Administration (EIA) stieg die weltweite Stromerzeugung aus erneuerbaren Energien aus Nicht-Wasserkraft von 27171 Milliarden kWh im Jahr 2000 auf 258814 Milliarden kWh im Jahr 2018.

Darüber hinaus wird erwartet dass auch zunehmende staatliche Anreize für Speichersysteme für erneuerbare Energien und die steigenden Trends für Energiespeicher-as-a-Service (ESaaS)-Dienste zum Marktwachstum im Prognosezeitraum beitragen werden. Es wird erwartet dass der Markt bis Ende 2021 einen Wert von 16302 Millionen US-Dollar erreichen wird.

Globaler Markt für erneuerbare Batteriespeicher Regionale Zusammenfassung

Regionally, the global renewable battery storage market is segmented into four major regions including North America, Europe, Asia Pacific and Rest of the World. The market in Asia Pacific is estimated to hold the largest market share throughout the forecast period and will reach a value of USD 611048 million by the end of 2028, growing at the highest CAGR of 3784% during the forecast period. On the other hand, the market in North America is expected to register a revenue of USD 16418 million by the end of 2021. The market in North America is growing owing to increasing demand for renewable energy sources and increasing need for uninterrupted power sources supported by concerns about aging grid infrastructure. Furthermore, growing awareness about reducing grid congestion through the deployment of renewable battery storage systems among end users is expected to drive the growth of the market in the region. Furthermore, there is a growing demand for renewable battery storage systems among end users for use in applications such as e-mobility, utility scales, and others which is also expected to contribute to the growth of the market in North America. The market in North America is further segmented by country into the USA and Canada out of which the market in the USA is expected to garner the largest market share of 9454% by the end of 2028. Alternatively, the market in Canada is expected to grow at the largest CAGR of 3704% during the forecast period.

The study also covers year-on-year growth, market opportunities, demand and supply, and forecast future opportunities in North America (US Canada Mexico) South America Europe (UK Germany France Italy Spain Hungary BENELUX [Belgium Netherlands Luxembourg] Scandinavia [Norway Denmark Sweden Finland] Poland Russia Rest of Europe) Asia Pacific (China India Japan South Korea Malaysia Indonesia Taiwan Hong Kong Australia New Zealand Rest of Asia Pacific) Middle East and Africa (Israel GCC [Saudi Arabia United Arab Emirates Bahrain Kuwait Qatar Oman] North Africa South Africa Rest of Middle East and Africa).

Growth drivers and challenges impacting the growth of the global renewable battery storage market

Growth drivers

• Rapidly growing acceptance of lithium-ion batteries in the renewable energy sector
• Growing demand for renewable battery storage systems

challenges

• High acquisition costs
• High maintenance costs of renewable battery storage

Global Renewable Battery Storage Market Segmentation Summary

The global renewable battery storage market is segmented on the basis of battery type into lithium-ion batteries, lead-acid batteries, flow batteries and others. Among these segments, the lithium-ion batteries segment is expected to hold the largest market share throughout the forecast period and garner a market revenue of USD 992825 million by the end of 2028 by growing at a CAGR of 2753% during the forecast period. Lithium-ion batteries are characterized by high energy efficiency, long cycle life and high energy density. Moreover, the decreasing price of lithium-ion batteries over the years is also expected to contribute to the growth of the segment in the coming years. The market is further segmented on the basis of elements into batteries and others out of which the battery segment is expected to hold the largest market share throughout the forecast period.

On the basis of connection type, the market is segmented into on-grid and off-grid, out of which the grid connections segment is expected to grow at the highest CAGR of 3766% during the forecast period. Furthermore, the market is segmented by ownership into customer owned, third party owned and utility owned. Among these three segments, the customer owned segment is expected to garner the largest market revenue of USD 9980 million by the end of 2021. By energy capacity, the market is segmented into under 100 MWh, between 100 and 500 MWh and above 500 MWh, out of which the below 100 MWh segment is expected to grow significantly during the forecast period. Furthermore, the market is also segmented by application into residential, commercial and utility owned, out of which the utility segment is expected to garner the largest revenue of USD 653825 million by the end of 2028.

T op Featured Companies Dominating the Market

Our report contains a detailed company profile which includes, among others, company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis. Some of the prominent industry leaders in the global renewable battery storage market listed in our report are ABB Delta Electronics Inc., Toshiba Corporation, General Electric Hitachi Ltd., Siemens Energy, LG Chem, Samsung SDI Co. Ltd., Panasonic Corporation, Tesla Inc., AEG Power Solutions Group and others.

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