Owing to the growing consumption of power across the globe, there is a greater need for energy storage as distributed generation. Distributed generation produces power close to the areas where it is consumed so that the distance is reduced, resulting in less transmission and distribution losses. Distributed Energy Resources (DER) will be increasingly used to meet the future electricity demands for residential and industrial customers, utilities and commercial customers. The growing requirement to mitigate the power transmission and distribution losses will propel the demand for distributed generation during the forecast period.
Key factors such as the aging power infrastructure, need for mitigation of cybersecurity risks and accumulation of new resources to the grid has propelled the grid manufacturing companies to opt for ways to make the grid reliable, protect it against cybersecurity, and increase flexibility to make rapid changes according to supply and demand conditions. Many utilities are implementing smart grids that use digital and IT systems to manage the power flow efficiently and effectively. The Americas dominated the battery energy storage market for smart grid and accounted for most of the total market share. Much of the region?s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems.
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The global Battery Energy Storage Systems for Smart Grid market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019–2025.
This report focuses on Battery Energy Storage Systems for Smart Grid volume and value at global level, regional level and company level. From a global perspective, this report represents overall Battery Energy Storage Systems for Smart Grid market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Battery Energy Storage Systems for Smart Grid in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Battery Energy Storage Systems for Smart Grid manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
- Samsung SDI
- AES Energy Storage
- LG Chem
Segment by Regions
- North America
- Southeast Asia
Segment by Type
- Secondary Batteries
- Flow Batteries
Segment by Application
- Energy Management
- Backup Power
- Voltage Support
- Load Leveling
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Table of content
1 Industry Overview of Battery Energy Storage Systems for Smart Grid
1.1 Definition of Battery Energy Storage Systems for Smart Grid
1.2 Battery Energy Storage Systems for Smart Grid Segment by Type
1.2.1 Global Battery Energy Storage Systems for Smart Grid Production Growth Rate Comparison by Types (2014–2025)
1.2.2 Secondary Batteries
1.2.3 Flow Batteries
1.3 Battery Energy Storage Systems for Smart Grid Segment by Applications
1.3.1 Global Battery Energy Storage Systems for Smart Grid Consumption Comparison by Applications (2014–2025)
1.3.2 Energy Management
1.3.3 Backup Power
1.3.4 Voltage Support
1.3.5 Load Leveling
1.4 Global Battery Energy Storage Systems for Smart Grid Overall Market
1.4.1 Global Battery Energy Storage Systems for Smart Grid Revenue (2014–2025)
1.4.2 Global Battery Energy Storage Systems for Smart Grid Production (2014–2025)
1.4.3 North America Battery Energy Storage Systems for Smart Grid Status and Prospect (2014–2025)
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