Battery Energy Storage System Market by Battery Type (Lithium-Ion, Advanced Lead Acid, Flow Batteries,, & Sodium Sulfur), Connection Type (On-Grid and Off-Grid), Ownership, Revenue Source, Application, and Geography - Global Forecast to 2022

Table of Contents

1 INTRODUCTION 15

1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 SCOPE OF THE STUDY 16
1.3.1 MARKET SEGMENTATION 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19

2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 23
2.1.2.3 Breakdown of primaries 24
2.2 MARKET SIZE ESTIMATION 24
2.2.1 BOTTOM-UP APPROACH 25
2.2.2 TOP-DOWN APPROACH 26
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 27
2.4 RESEARCH ASSUMPTIONS 28

3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS–BATTERY ENERGY STORAGE SYSTEM MARKET 33

4.1 BATTERY ENERGY STORAGE SYSTEM MARKET, 2016–2022 (USD BILLION) 33
4.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY (2016–2022) 34
4.3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION AND GEOGRAPHY, 2016 35
4.4 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE–2016 35
4.5 BATTERY ENERGY STORAGE SYSTEM MARKET, BY GEOGRAPHY–2016 36

5 MARKET OVERVIEW 37

5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.2.1 BY BATTERY TYPE 38
5.2.2 BY APPLICATION 39
5.2.3 BY REVENUE SOURCE 39
5.2.4 BY CONNECTION TYPE 39
5.2.5 BY OWNERSHIP 40
5.2.6 BY GEOGRAPHY 40
5.3 MARKET DYNAMICS 41
5.3.1 DRIVERS 42
5.3.1.1 The growing electric vehicle market expected to support the growth of this market 42
5.3.1.2 Increasing demand for grid-connected solutions 42
5.3.1.3 High requirement of lithium-ion technology in various applications 42
5.3.1.4 Government support in various countries 43
5.3.2 RESTRAINTS 44
5.3.2.1 Requirement of high capital investment 44
5.3.3 OPPORTUNITIES 44
5.3.3.1 Large storage requirements in datacenters 44
5.3.3.2 Scope for liquid metal battery technology 45
5.3.4 CHALLENGES 46
5.3.4.1 Island and off-grid battery energy storage 46

6 INDUSTRY TRENDS 47

6.1 INTRODUCTION 47
6.2 VALUE CHAIN ANALYSIS 47
6.3 PORTER’S FIVE FORCES ANALYSIS 48
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 49
6.3.2 THREAT OF SUBSTITUTES 50
6.3.3 BARGAINING POWER OF BUYERS 51
6.3.4 BARGAINING POWER OF SUPPLIERS 52
6.3.5 THREAT OF NEW ENTRANTS 53

7 MARKET ANALYSIS, BY BATTERY TYPE 54

7.1 INTRODUCTION 55
7.2 LITHIUM–ION 56
7.3 SODIUM-SULFUR (NAS) BATTERIES 59
7.4 FLOW BATTERIES 63
7.5 ADVANCED LEAD-ACID BATTERIES 65
7.6 OTHERS 68
7.6.1 NICKEL-CADMIUM BATTERY 68
7.6.2 NICKEL METAL HYDRIDE BATTERY 68
7.6.3 NICKEL IRON BATTERY 68
 

8 MARKET ANALYSIS, BY REVENUE SOURCE 71

8.1 INTRODUCTION 72
8.2 HARDWARE 72
8.3 SOFTWARE & SERVICES 72
8.3.1 SOFTWARE 72
8.3.1.1 The BMS services market is driven by the need for continuous management 72
8.3.2 SERVICES 73
8.3.2.1 Services expected to contribute significantly to the revenue of the BESS market 73
8.3.2.2 Services related to BMS software 73
8.3.2.2.1 Maintenance 73
8.3.2.2.2 Upgrading 73
8.3.2.2.3 Training and consultation 73

9 MARKET ANALYSIS, BY CONNECTION TYPE 74

9.1 INTRODUCTION 75
9.2 ON-GRID CONNECTION TYPE 76
9.2.1 LARGE-SCALE ENERGY STORAGE EXPECTED TO DRIVE THE GROWTH OF THE BESS MARKET 76
9.3 OFF-GRID CONNECTION TYPE 79
9.3.1 GROWING USE OF OFF-GRID CONNECTION TYPE IN VARIOUS APPLICATIONS SUPPORTING THE GROWTH OF THIS MARKET 79

10 MARKET ANALYSIS, BY OWNERSHIP 82

10.1 INTRODUCTION 83
10.2 CUSTOMER-OWNED 84
10.2.1 GOVERNMENT SUPPORT AND INVESTMENTS ARE EXPECTED TO DRIVE THE GROWTH OF CUSTOMER-OWNED INSTALLATIONS 84
10.3 THIRD-PARTY-OWNED 86
10.3.1 THE ARBITRAGE PROFIT MAY INCREASE THE BUYING AND SELLING FROM THIRD-PARTY-OWNED ENERGY STORAGE 86
10.4 UTILITY-OWNED 88
10.4.1 THE FLEXIBILITY IN GRID ELECTRICITY SUPPLY IS DRIVING THE ULITITY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET 88

11 MARKET ANALYSIS, BY APPLICATION 90

11.1 INTRODUCTION 91
11.2 RESIDENTIAL 92
11.2.1 INTEREST IN USE OF NATURAL UNINTERUPTED SOURCE OF ENERGY BY RESIDENTIAL APPLICATION TO DRIVE THIS MARKET 92
11.3 NON-RESIDENTIAL 94
11.4 UTILITY 96
11.4.1 THE NEED FOR FLEXIBILTY IN GRID DUE TO FLUCTUATIONS IN RENEWABLE SOURCES IS EXPECTED TO DRIVE THE UTILITY MARKET IN TERMS OF SIZE BY 2022 96
11.5 OTHERS 99
11.5.1 MEDICAL & HEALTHCARE 99
11.5.2 MILITARY & DEFENSE 99
11.6 TRANSPORTATION 101
11.6.1 ELECTRIC VEHICLE 101
11.6.1.1 Battery electric vehicle (BEH) 101
11.6.1.2 Plug-in electric vehicles (PEVs) and plug-in hybrid electric vehicles (PHEVs) 102

12 MARKET ANALYSIS, BY GEOGRAPHY 104

12.1 INTRODUCTION 105
12.2 NORTH AMERICA 107
12.2.1 U.S. 110
12.2.1.1 Major players such as Tesla to launch BESS for residential application in the U.S. 110
12.2.2 CANADA 110
12.2.2.1 Canada to grow at high CAGR during the forecast period 110
12.2.3 MEXICO 110
12.2.3.1 Mexico to implement several forms of energy storage developments 110
12.3 EUROPE 111
12.3.1 U.K 113
12.3.1.1 Major deployments of battery energy storage system for utility application supported growth in this region 113
12.3.2 GERMANY 113
12.3.2.1 Germany expected to grow at a high CAGR during the forecast period 113
12.3.3 FRANCE 114
12.3.3.1 Grid4EU consortium brings together six European energy distributors in France 114
12.3.4 REST OF THE EUROPE 114
12.4 ASIA-PACIFIC 114
12.4.1 CHINA 118
12.4.1.1 China to grow at a high rate during the forecast period 118
12.4.2 INDIA 118
12.4.2.1 Investment to provide solar energy to rural India 118
12.4.3 JAPAN 118
12.4.3.1 Toshiba to supply large-scale energy storage systems to Japan 118
12.4.4 REST OF THE ASIA-PACIFIC 118
12.5 REST OF THE WORLD 119
12.5.1 MIDDLE EAST 120
12.5.1.1 Major companies to supply energy storage systems in the Middle East 120
12.5.2 SOUTH AMERICA 121
12.5.2.1 South America to grow at a high CAGR during the forecast period 121
12.5.3 AFRICA 121
12.5.3.1 Large-scale battery storage system projects to boost the market in this Geography 121

13 COMPETITIVE LANDSCAPE 122

13.1 OVERVIEW 122
13.2 MARKET RANKING ANALYSIS: BATTERY ENERGY STORAGE SYSTEMS MARKET 123
13.3 COMPETITIVE SITUATION AND TRENDS 124
13.3.1 PARTNERSHIPS/AGREEMENTS & CONTRACTS/COLLABORATIONS/ACQUISITIONS 125
13.3.2 EXPANSION 126
13.3.3 NEW PRODUCT LAUNCHES 127

14 COMPANY PROFILES 128

(Overview, Products and Services, Financials, Strategy & Development)*
14.1 INTRODUCTION 128
14.2 ABB LTD. 129
14.3 LG CHEM 132
14.4 NEC CORPORATION 136
14.5 PANASONIC CORPORATION 139
14.6 SAMSUNG SDI CO., LTD. 143
14.7 AEG POWER SOLUTIONS 146
14.8 GENERAL ELECTRIC CO. 148
14.9 HITACHI LTD. 150
14.10 SIEMENS AG 152
14.11 TESLA MOTORS LTD. 154
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.

15 APPENDIX 157

LIST OF TABLES

TABLE 1 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE 38
TABLE 2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION 39
TABLE 3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY REVENUE SOURCE 39
TABLE 4 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE 39
TABLE 5 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP 40
TABLE 6 INCREASING USE OF GRID FLEXIBILITY AND GRID-CONNECTED SOLUTIONS EXPECTED TO BOOST THE DEMAND 43
TABLE 7 REQUIREMENT OF HIGH INVESTMENT LIMITS THE GROWTH OF THIS MARKET 44
TABLE 8 BATTERY ENERGY STORAGE SYSTEM EXPECTED TO HAVE OPPORTUNITIES IN DATACENTERS 45
TABLE 9 ISLAND AND OFF GRID BATTERY ENERGY STORAGE IS CHALLENGING 46
TABLE 10 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE,
2013–2022 (USD MILLION) 55
TABLE 11 BATTERY ENERGY STORAGE SYSTEM MARKET FOR LITHIUM-ION BATTERY TYPE,
BY OWNERSHIP, 2013–2022 (USD MILLION) 57
TABLE 12 BATTERY ENERGY STORAGE SYSTEM MARKET FOR LITHIUM-ION BATTERY TYPE,
BY APPLICATION, 2013–2022 (USD MILLION) 57
TABLE 13 BATTERY ENERGY STORAGE SYSTEM MARKET FOR LITHIUM-ION BATTERY TYPE,
BY CONNECTION TYPE, 2013–2022 (USD MILLION) 58
TABLE 14 BATTERY ENERGY STORAGE SYSTEM MARKET FOR LITHIUM-ION BATTERY TYPE,
BY GEOGRAPHY, 2013–2022 (USD MILLION) 59
TABLE 15 BATTERY ENERGY STORAGE SYSTEM MARKET FOR SODIUM-SULFUR BATTERY TYPE, BY OWNERSHIP, 2013–2022 (USD MILLION) 60
TABLE 16 BATTERY ENERGY STORAGE SYSTEM MARKET FOR SODIUM-SULFUR BATTERY TYPE, BY APPLICATION, 2013–2022 (USD MILLION) 60
TABLE 17 BATTERY ENERGY STORAGE SYSTEM MARKET FOR SODIUM-SULFUR BATTERY TYPE, BY CONNECTION TYPE, 2013–2022 (USD MILLION) 61
TABLE 18 BATTERY ENERGY STORAGE SYSTEM MARKET FOR SODIUM-SULFUR BATTERY TYPE, BY GEOGRAPHY, 2013–2022 (USD MILLION) 62
TABLE 19 BATTERY ENERGY STORAGE SYSTEM MARKET FOR FLOW BATTERY TYPE,
BY OWNERSHIP, 2013–2022 (USD MILLION) 63
TABLE 20 BATTERY ENERGY STORAGE SYSTEM MARKET FOR FLOW BATTERY TYPE,
BY APPLICATION, 2013–2022 (USD MILLION) 64
TABLE 21 BATTERY ENERGY STORAGE SYSTEM MARKET FOR FLOW BATTERY TYPE,
BY CONNECTION TYPE, 2013–2022 (USD MILLION) 64
TABLE 22 BATTERY ENERGY STORAGE SYSTEM MARKET FOR FLOW BATTERY TYPE,
BY GEOGRAPHY, 2013–2022 (USD MILLION) 65
TABLE 23 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ADVANCED LEAD-ACID BATTERY TYPE, BY OWNERSHIP, 2013–2022 (USD MILLION) 65
TABLE 24 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ADVANCED LEAD-ACID BATTERY TYPE, BY APPLICATION, 2013–2022 (USD MILLION) 66
TABLE 25 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ADVANCED LEAD-ACID BATTERY TYPE, BY CONNECTION TYPE, 2013–2022 (USD MILLION) 67
TABLE 26 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ADVANCED LEAD-ACID BATTERY TYPE, BY GEOGRAPHY, 2013–2022 (USD MILLION) 67
TABLE 27 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER BATTERY TYPES,
BY OWNERSHIP, 2013–2022 (USD MILLION) 68
TABLE 28 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER BATTERY TECHNOLOGIES, BY APPLICATION, 2013–2022 (USD MILLION) 69
TABLE 29 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER BATTERY TYPES,
BY CONNECTION TYPE, 2013–2022 (USD MILLION) 70
TABLE 30 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER BATTERY TYPES,
BY GEOGRAPHY, 2013–2022 (USD MILLION) 70
TABLE 31 BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE,
2013–2022 (USD MILLION) 75
TABLE 32 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION,
BY BATTERY TYPE, 2013–2022 (USD MILLION) 77
TABLE 33 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION,
BY OWNERSHIP, 2013–2022 (USD MILLION) 78
TABLE 34 BATTERY ENERGY STORAGE SYSTEM MARKET FOR ON-GRID CONNECTION,
BY APPLICATION, 2013–2022 (USD MILLION) 79
TABLE 35 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION,
BY BATTERY TYPE, 2013–2022 (USD MILLION) 79
TABLE 36 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION,
BY OWNERSHIP, 2013–2022 (USD MILLION) 80
TABLE 37 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OFF-GRID CONNECTION,
BY APPLICATION, 2013–2022 (USD MILLION) 81
TABLE 38 BATTERY ENERGY STORAGE SYSTEM MARKET, BY OWNERSHIP,
2013–2022 (USD MILLION) 83
TABLE 39 CUSTOMER-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET,
BY BATTERY TYPE, 2013–2022 (USD MILLION) 85
TABLE 40 CUSTOMER-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET,
BY CONNECTION TYPE, 2013–2022 (USD MILLION) 85
TABLE 41 THIRD-PARTY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET,
BY BATTERY TYPE, 2013–2022 (USD MILLION) 87
TABLE 42 THIRD-PARTY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET,
BY CONNECTION TYPE, 2013–2022 (USD MILLION) 87
TABLE 43 UTILITY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2013–2022 (USD MILLION) 88
TABLE 44 UTILITY-OWNED BATTERY ENERGY STORAGE SYSTEM MARKET,
BY CONNECTION TYPE, 2013–2022 (USD MILLION) 89
TABLE 45 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION,
2013–2022 (USD MILLION) 91
TABLE 46 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,
BY BATTERY TYPE, 2013–2022 (USD MILLION) 92
TABLE 47 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,
BY CONNECTION TYPE, 2013–2022 (USD MILLION) 93
TABLE 48 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION,
BY GEOGRAPHY, 2013–2022 (USD MILLION) 94
TABLE 49 BATTERY ENERGY STORAGE SYSTEM MARKET FOR NON-RESIDENTIAL APPLICATION, BYBATTERY TYPE, 2013–2022 (USD MILLION) 95
TABLE 50 BATTERY ENERGY STORAGE SYSTEM MARKET FOR NON- RESIDENTIAL APPLICATION, BY CONNECTION TYPE, 2013–2022 (USD MILLION) 95
TABLE 51 BATTERY ENERGY STORAGE SYSTEM MARKET FOR NON-RESIDENTIAL APPLICATION, BY GEOGRAPHY, 2013–2022 (USD MILLION) 96
TABLE 52 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION,
BY BATTERY TYPE, 2013–2022 (USD MILLION) 97
TABLE 53 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION,
BY CONNECTION TYPE, 2013–2022 (USD MILLION) 98
TABLE 54 BATTERY ENERGY STORAGE SYSTEM MARKET FOR UTILITY APPLICATION,
BY GEOGRAPHY , 2013–2022 (USD MILLION) 98
TABLE 55 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER APPLICATION,
BY BATTERY TYPE, 2013–2022 (USD MILLION) 99
TABLE 56 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER APPLICATION,
BY CONNECTION TYPE, 2013–2022 (USD MILLION) 100
TABLE 57 BATTERY ENERGY STORAGE SYSTEM MARKET FOR OTHER APPLICATION,
BY GEOGRAPHY, 2013–2022 (USD MILLION) 101
TABLE 58 BATTERY ENERGY STORAGE SYSTEM MARKET SIZE FOR TRANSPORTATION APPLICATION, 2013–2022 103
TABLE 59 BATTERY ENERGY STORAGE SYSTEM MARKET, BY GEOGRAPHY,
2013–2022 (USD MILLION) 106
TABLE 60 BATTERY ENERGY STORAGE SYSTEM MARKET IN NORTH AMERICA,
BY APPLICATION, 2013–2022 (USD MILLION) 108
TABLE 61 BATTERY ENERGY STORAGE SYSTEM MARKET IN NORTH AMERICA, BY BATTERY TYPE, 2013–2022 (USD MILLION) 109
TABLE 62 BATTERY ENERGY STORAGE SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 109
TABLE 63 BATTERY ENERGY STORAGE SYSTEM MARKET IN EUROPE, BY APPLICATION, 2013–2022 (USD MILLION) 111
TABLE 64 BATTERY ENERGY STORAGE SYSTEM MARKET IN EUROPE, BY BATTERY TYPE, 2013–2022 (USD MILLION) 112
TABLE 65 BATTERY ENERGY STORAGE SYSTEM MARKET IN EUROPE, BY GEOGRAPHY,
2013–2022 (USD MILLION) 113
TABLE 66 BATTERY ENERGY STORAGE SYSTEM MARKET IN APAC, BY APPLICATION,
2013–2022 (USD MILLION) 116
TABLE 67 BATTERY ENERGY STORAGE SYSTEM MARKET IN APAC, BY BATTERY TYPE,
2013–2022 (USD MILLION) 117
TABLE 68 BATTERY ENERGY STORAGE SYSTEM MARKET IN APAC, BY GEOGRAPHY,
2013–2022 (USD MILLION) 117
TABLE 69 BATTERY ENERGY STORAGE SYSTEM MARKET IN ROW, BY APPLICATION,
2013–2022 (USD MILLION) 119
TABLE 70 BATTERY ENERGY STORAGE SYSTEM MARKET IN ROW, BY BATTERY TYPE,
2013–2020 (USD MILLION) 120
TABLE 71 BATTERY ENERGY STORAGE SYSTEM MARKET IN ROW, BY GEOGRAPHY,
2013–2022 (USD MILLION) 120
TABLE 72 RANKING OF KEY PLAYERS OPERATING IN THE BATTERY ENERGY STORAGE SYSTEMS MARKET, 2015 123
TABLE 73 PARTNERSHIPS/AGREEMENTS & CONTRACTS/COLLABORATIONS/ACQUISITIONS, 2012–2015 125
TABLE 74 EXPANSIONS, 2015 126
TABLE 75 NEW PRODUCT LAUNCHES, 2015 127

LIST OF FIGURES

FIGURE 1 BATTERY ENERGY STORAGE SYSTEM MARKET SEGMENTATION 16
FIGURE 2 RESEARCH DESIGN 19
FIGURE 3 BOTTOM-UP APPROACH 25
FIGURE 4 TOP-DOWN APPROACH 26
FIGURE 5 DATA TRIANGULATION 27
FIGURE 6 BATTERY ENERGY STORAGE SYSTEM MARKET SEGMENTATION 29
FIGURE 7 LITHIUM-ION BATTERIES EXPECTED TO HOLD A LARGE MARKET SHARE DURING THE FORECAST PERIOD 30
FIGURE 8 BATTERY ENERGY STORAGE SYSTEM MARKET SIZE, 2013–2022 (USD MILLION) 30
FIGURE 9 RESIDENTIAL APPLICATION EXPECTED TO BE THE FASTEST-GROWING MARKET TO INVEST DURING THE FORECAST PERIOD 31
FIGURE 10 ASIA-PACIFIC EXPECTED TO BE THE FASTEST GROWING MARKET DURING THE FORECAST PERIOD 32
FIGURE 11 ATTRACTIVE GROWTH OPPORTUNITIES IN THE BATTERY ENERGY STORAGE SYSTEM MARKET 33
FIGURE 12 FLOW BATTERIES ARE EXPECTED TO EXHIBIT HIGH GROWTH BETWEEN
2016 AND 2022 34
FIGURE 13 UTILITY APPLICATION ACCOUNTED FOR THE LARGEST SHARE OF THE GLOBAL BATTERY ENERGY STORAGE SYSTEM MARKET IN 2016 35
FIGURE 14 ON-GRID CONNECTION TYPE EXPECTED TO HOLD THE LARGEST MARKET SHARE
IN 2016 35
FIGURE 15 U.S. EXPECTED TO HOLD THE LARGEST SHARE OF THE BATTERY ENERGY STORAGE SYSTEM MARKET 36
FIGURE 16 BATTERY ENERGY STORAGE SYSTEM MARKET, BY GEOGRAPHY 40
FIGURE 17 DEMAND FROM ELECTRIC VEHICLES AND GRID FLEXIBILITY IS EXPECTED TO SUPPORT THE GROWTH OF BESS MARKET 41
FIGURE 18 VALUE CHAIN ANALYSIS: MAXIMUM VALUE IS ADDED DURING THE MANUFACTURING STAGE 47
FIGURE 19 BARGAINING POWER OF BUYERS EXPECTED TO HAVE A HIGH IMPACT 48
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS 49
FIGURE 21 BATTERY ENERGY STORAGE SYSTEM MARKET: INTENSITY OF COMPETITIVE RIVALRY 49
FIGURE 22 BATTERY ENERGY STORAGE SYSTEM MARKET: THREAT OF SUBSTITUTES 50
FIGURE 23 BATTERY ENERGY STORAGE SYSTEM MARKET: BARGAINING POWER OF BUYERS 51
FIGURE 24 BATTERY ENERGY STORAGE SYSTEM MARKET: BARGAINING POWER OF SUPPLIERS 52
FIGURE 25 BATTERY ENERGY STORAGE SYSTEM MARKET: THREAT OF NEW ENTRANTS 53
FIGURE 26 LITHIUM-ION BATTERY TO SHOW POTENTIAL GROWTH BY 2022 55
FIGURE 27 CUSTOMER-OWNED LITHIUM-ION BATTERY MARKET TO GROW AT THE HIGHEST CAGR BETWEEN 2016 AND 2022 56
FIGURE 28 NORTH AMERICA TO LEAD THE LITHIUM-ION BATTERY MARKET DURING THE FORECAST PERIOD 58
FIGURE 29 ON-GRID CONNECTION TYPE TO HOLD THE LARGE MARKET SIZE BETWEEN 2016 AND 2022 61
FIGURE 30 UTILITY-OWNED SYSTEM TO LEAD THE FLOW BATTERY TYPE MARKET 63
FIGURE 31 MARKET FOR RESIDENTIAL APPLICATION OF ADVANCED LEAD-ACID BATTERY TYPE TO GROW AT A HIGHEST CAGR BETWEEN 2016 AND 2022 66
FIGURE 32 ON-GRID CONNECTION TYPE TO SHOW POTENTIAL GROWTH BY 2022 69
FIGURE 33 HARDWARE MARKET TO SHOW POTENTIAL GROWTH BY 2022 72
FIGURE 34 MARKET FOR ON-GRID CONNECTION TYPE TO GROW AT A HIGH CAGR DURING THE FORECAST PERIOD 75
FIGURE 35 LITHIUM-ION BATTERY TYPE TO LEAD THE ON-GRID CONNECTION TYPE DURING THE FORECAST PERIOD 76
FIGURE 36 CUSTOMER-OWNED ON-GRID CONNECTION TYPE EXPECTED TO HAVE GREATER DEMAND 77
FIGURE 37 RESIDENTIAL APPLICATION OF ON-GRID CONNECTION TYPE TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 78
FIGURE 38 UTILITY-OWNED OFF-GRID CONNECTION TYPE TO SHOW POTENTIAL GROWTH
BY 2022 80
FIGURE 39 CUSTOMER-OWNED EXPECTED TO GROW AT A HIGH CAGR BETWEEN
2016 AND 2020 83
FIGURE 40 LITHIUM-ION BATTERY TYPE TO SHOW POTENTIAL GROWTH IN CUSTOMER-OWNED MARKET 84
FIGURE 41 FLOW BATTERIES TO GROW AT A HIGH CAGR IN THIRD-PARTY-OWNED BATTERY STORAGE MARKET 86
FIGURE 42 ON-GRID CONNECTION TYPE TO SHOW POTENTIAL GROWTH IN UTILITY-OWNED MARKET 89
FIGURE 43 RESIDENTIAL APPLICATION TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD BETWEEN 2016 AND 2022 91
FIGURE 44 ON-GRID TO GROW AT HIGH CAGR DURING THE FORECAST PERIOD 93
FIGURE 45 FLOW BATTERIES FOR NON-RESIDENTIAL APPLICATION TO GROW AT
THE HIGHEST RATE 94
FIGURE 46 ON-GRID CONNECTION TYPE FOR UTILITY APPLICATION TO GROW AT HIGH RATE DURING THE FORCAST PERIOD (2016-2022) 97
FIGURE 47 NORTH AMERICA TO OCCUPY MAJOR SHARE IN OTHER APPLICATION IN 2016 100
FIGURE 48 DECLINING PRICES OF LITHIUM-ION BATTERIES EXPECTED TO BOOST THE TRASPORTATION APPLICATION OF THE BESS MARKET 102
FIGURE 49 GEOGRAPHIC SNAPSHOT – GLOBAL BATTERY ENERGY STORAGE SYSTEM MARKET, BY GEOGRAPHY 105
FIGURE 50 NORTH AMERICA BATTERY ENERGY STORAGE SYSTEM MARKET SNAPSHOT (2016–2022): DEMAND FOR ENERGY STORAGE WOULD BE DRIVEN BY THE UTILITY SECTOR 107
FIGURE 51 LITHIUM-ION TO LEAD IN NORTH AMERICA GEOGRAPHY DURING THE FORECAST PERIOD 108
FIGURE 52 RESIDENTIAL APPLICATION TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD IN EUROPE 111
FIGURE 53 GERMANY TO SHOW POTENTIAL GROWTH IN EUROPE DURING THE FORECAST PERIOD 112
FIGURE 54 ASIA-PACIFIC BATTERY ENERGY STORAGE SYSTEM MARKET SNAPSHOT: CHINA EXPECTED TO BE THE MOST LUCRATIVE MARKET BY 2022 115
FIGURE 55 FLOW BATTERIES TO GROW AT THE HIGHEST CAGR IN APAC GEOGRAPHY 116
FIGURE 56 UTILITY APPLICATION IN THE REST OF THE WORLD TO LEAD THE MARKET DURING THE FORECAST PERIOD 119
FIGURE 57 COMPANIES ADOPTED AGREEMENTS/CONTRACTS AND EXPANSIONS AS THE KEY GROWTH STRATEGIES BETWEEN 2012 AND 2015 122
FIGURE 58 MARKET EVOLUTION FRAMEWORK: PARTNERSHIPS/AGREEMENTS/ COLLABORATIONS FUELED THE GROWTH IN THE BATTERY ENERGY STORAGE SYSTEMS MARKET (2014-2015) 124
FIGURE 59 BATTLE FOR MARKET SHARE: NEW PRODUCT DEVELOPMENTS WAS THE KEY STRATEGY IN 2015 125
FIGURE 60 GEOGRAPHIC REVENUE MIX OF TOP 5 PLAYERS 128
FIGURE 61 ABB LTD.: COMPANY SNAPSHOT 129
FIGURE 62 ABB LTD.: SWOT ANALYSIS 131
FIGURE 63 LG CHEM.: COMPANY SNAPSHOT 133
FIGURE 64 LG CHEM.: SWOT ANALYSIS 135
FIGURE 65 NEC CORPORATION.: COMPANY SNAPSHOT 136
FIGURE 66 NEC CORPORATION.: SWOT ANALYSIS 138
FIGURE 67 PANASONIC CORP.: COMPANY SNAPSHOT 140
FIGURE 68 PANASONIC CORPORATION: SWOT ANALYSIS 142
FIGURE 69 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT 143
FIGURE 70 SAMSUNG SDI CO., LTD.: SWOT ANALYSIS 145
FIGURE 71 AEG POWER SOLUTIONS.: COMPANY SNAPSHOT 146
FIGURE 72 GENERAL ELECTRIC CO.: COMPANY SNAPSHOT 148
FIGURE 73 HITACHI LTD.: COMPANY SNAPSHOT 150
FIGURE 74 SIEMENS AG.: COMPANY SNAPSHOT 152
FIGURE 75 TESLA MOTORS LTD.: COMPANY SNAPSHOT 155
FIGURE 76 MARKETSANDMARKETS KNOWLEDGE STORE SNAPSHOT 161
FIGURE 77 MARKETSANDMARKETS KNOWLEDGE STORE: SEMICONDUCTOR & ELECTRONICS INDUSTRY SNAPSHOT 162

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