Global Power Energy Storage Battery Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Batteries can store energy from on-peak renewable energy and release it when it is more needed in central, de-centralised and off-grid situations. Batteries can also offer grid support services like voltage control and frequency regulation, so maintaining grid stability and flexibility.

According to our Researcher latest study, the global Power Energy Storage Battery market size was valued at USD 6987 million in 2022 and is forecast to a readjusted size of USD 17870 million by 2029 with a CAGR of 14.4% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global storage battery for power supply key players include LG hem, EnerSys, GS Yuasa Corporate, etc. North America is the largest market, with a share about 32%, followed by China and Europe, both have a share over 40 percent. In terms of product, beyond 10 KW to 100 KW is the largest segment, with a share over 57%. And in terms of application, the largest application is utilities, followed by communications, etc.

This report is a detailed and comprehensive analysis for global Power Energy Storage Battery market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Power Energy Storage Battery market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029

Global Power Energy Storage Battery market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029

Global Power Energy Storage Battery market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2018-2029

Global Power Energy Storage Battery market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Power Energy Storage Battery

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Power Energy Storage Battery market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include NGK Group, ABB, AEG, Imergy and SolarCity, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

Power Energy Storage Battery market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type

Lithium Ion Battery

All-vanadium Flow Battery

Zinc-bromine Flow Battery

Asvanced Lead-Acid Batteries

Other

Market segment by Application

Residential

Commercial

Industrial

Major players

covered

NGK Group

ABB

AEG

Imergy

SolarCity

SAMSUNG SDI

ZEN

NEC

OutBack

Saft

The AES Corporation

EOS

S&C Electric Company

Absolute Renewable Energy(UK) Ltd

Princeton

GE

Market segment by region, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Power Energy Storage Battery product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Power Energy Storage Battery, with price, sales, revenue and global market share of Power Energy Storage Battery from 2018 to 2023.

Chapter 3, the Power Energy Storage Battery competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Power Energy Storage Battery breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Power Energy Storage Battery market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Power Energy Storage Battery.

Chapter 14 and 15, to describe Power Energy Storage Battery sales channel, distributors, customers, research findings and conclusion.

Frequently Asked Questions