Battery Energy Storage System Market
The Business Research Company’s Battery Energy Storage System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Battery Energy Storage System Global Market Report 2023 evaluates battery energy storage system market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global battery energy storage system market size grew from $4.34 billion in 2022 to $5.53 billion in 2023 at a compound annual growth rate (CAGR) of 27.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global battery energy storage system is expected to grow to $13.8 billion in 2027 at a CAGR of 25.7%.
The battery energy storage system market segments in the report are:
1) By Storage System: Front-Of-The-Meter, Behind-The-Meter
2) By Connection Type: On-Grid, Off-Grid
3) By Battery Type: Lithium-Ion Batteries, Advanced Lead-Acid Batteries, Flow Batteries, Other Battery Types
4) By Application: Telecommunication, Data Center, Medical, Industrial, Marine, Other Applications
Top 5 Major Key Players
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The table of contents in TBRC’s battery energy storage system market report includes:
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List of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Battery Energy Storage System Market, Segmentation By Storage System, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Battery Energy Storage System Market, Segmentation By Connection Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Battery Energy Storage System Market, Segmentation By Battery Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: BYD Company Limited Financial Performance
Table 48: General Electric Company Financial Performance
Table 49: Hitachi Ltd Financial Performance
Table 50: Honeywell International Inc Financial Performance
Table 51: Panasonic Corporation Financial Performance
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