The global battery energy storage industry is predicted to have double-digit growth, and this will be driven by both front of the meter and behind the meter applications. Falling battery costs, increased grid modernization initiatives, rapid growth in variable renewable energy generation, participation of battery storage in various wholesale electricity markets, government incentives, and the trend towards self-consumption are driving the demand for battery energy storage systems.
Many battery manufacturers are beginning to incorporate energy intelligence into storage systems and are unlocking multiple revenue opportunities by allowing energy storage systems at the customer site to participate in the local energy market. The major growth opportunities can be derived from the residential and the commercial and industrial (C&I) solar storage market, which is poised to accelerate. This is because business models such as community energy trading and energy storage-as-a-service are expected to be the key driving factors.
For this research, the author used a unique and robust platform called Radar to analyze the market and identify Companies to Action (C2A). We analyzed more than 100 companies that fall into the author's definition of battery energy storage systems and then narrowed this down to 27 companies based on their growth indicators and recent innovations. The author has evaluated and positioned these 27 companies based on 2 major indices, Growth and Innovation, and each of these indices has 5 criteria.
Key Issues Addressed
- What are innovative offerings of companies?
- What are their strengths and opportunities for the future?
- What is the rationale behind each company's position in the radar?
Key Topics Covered:
1. Industry Overview
2. Battery Energy Storage Market
3. C2A - Market Participant Profiles
- Samsung SDI
- LG Chem
- VARTA Storage
- redT energy
- IBC Solar
- JLM Energy
- NEC Energy Solutions
- ViZn Energy
- Primus Power
4. The Last Word
For more information about this report visit https://www.researchandmarkets.com/r/yycoa9