Global Battery Energy Storage System Market Research Report 2024

Battery Energy Storage System Market Outlook

Battery Energy Storage Systems, or BESS, are rechargeable batteries that can store energy from different sources and discharge it when needed. BESS consist of one or more batteries and can be used to balance the electric grid, provide backup power and improve grid stability.

The global Battery Energy Storage System market was valued at US$ 8231.5 million in 2023 and is anticipated to reach US$ 41440 million by 2030, witnessing a CAGR of 21.8% during the forecast period 2024-2030.

Global key manufacturers of Battery Energy Storage System include CATL, Samsung SDI, LG, Tesla, Fluence, etc. Global top five manufacturers hold a share about 70%. North America is the largest market of Battery Energy Storage System, holds a share over 40%. In terms of product, the Lithium holds a larger segment, with a share over 85%. And in terms of application, the largest application is Utility & Commercial, with a share of over 70%.

This report aims to provide a comprehensive presentation of the global market for Battery Energy Storage System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Battery Energy Storage System.

Report Scope
The Battery Energy Storage System market size, estimations, and forecasts are provided in terms of output/shipments (MWh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Battery Energy Storage System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Battery Energy Storage System manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Report Metric	Details
Report Name	Battery Energy Storage System ESS Market
Segment by Type	Lithium  Lead Acid  NaS  Other
Segment by Application	Residential  Utility & Commercial
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	CATL, Samsung SDI, LG, Tesla, Fluence, BYD, EVE, Panasonic, NGK, Pylon Technologies, Hitachi, Kokam, Toshiba, Gotion, CALB, Narada, Enphase, Higee, SK On, Generac, Sumitomo Electric, GS Yuasa, NEC, Saft Group, Delta
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends