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Energy Storage Report

Battery Energy Storage Market, Update 2019

Who will lead the battery energy storage market through to 2023?

The global battery energy storage market is forecast to grow at US$13.13bn by 2023. Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023.

The fall in technology prices and increasing pace of development in the power market are the primary driving factors for the battery energy storage market.

APAC will continue to be the largest market reaching $6.05bn in 2023, as countries are increasing investments for improving their grid infrastructure and improving the market structure to attract foreign investments. With respect to technology, lithium-ion is and will continue to be, the preferred technology for market deployment.

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  • Why should you buy this report?
  • Strengthen your business strategies by understanding the trends shaping and driving the battery energy storage market.
  • Identify your competitors and position yourself to gain maximum advantage of the industry’s growth potential.
  • Identify the key growth drivers and challenges related to each country’s battery energy storage market and apply them to your business strategies.
  • Gain insight and analyze historic and forecast data for cumulative and annual installed PV capacity.

Strengthen your business strategies with insight into the battery energy storage market

GlobalData’s “Battery Energy Storage Market, Update 2019 – Global Market Size, Competitive Landscape and Key Country Analysis to 2023” offers comprehensive information and an understanding of the battery energy storage market. The report provides analysis of the current and future market trends of battery energy storage at global, regional (Americas, Asia-Pacific, Europe, Middle East and Africa) and country (the US, Chile, China, India, Japan, Australia, Republic of Korea, Germany, Italy, the UK and France) level.

Our power reports use data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.

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