Lithium Ion Battery Energy Storage Market Scope And Analysis

Report Code : TIPRE00029895
Category : Energy and Power

No. of Pages : 150

Buy Now

Lithium-ion Battery Energy Storage Market Analysis Report 2023 to 2031

Buy Now

Lithium-ion Battery Energy Storage Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 14.12 Billion
Market Size by 2031	US$ 36.7 Billion
Global CAGR (2023 - 2031)	12.7%
Historical Data	2021-2022
Forecast period	2023-2031
Segments Covered	By Capacity 0-10 kW 10-20 kW 20-50 kW Above 50 kW By Connection Type On-Grid and Off-Grid By End-use Residential Commercial Industrial Utility
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	NextEra Energy Inc KORE Power Enel Green Power Dragonfly Energy Siemens Energy ESS Inc Ameresco Solar ACE Battery

Lithium-ion Battery Energy Storage Market News and Recent Developments

The Lithium-ion battery energy storage market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Lithium-ion battery energy storage market are listed below:

Morrow Batteries and ABB have signed two Memorandum of Understanding agreements to enhance their partnership and advance the shift to renewable energy sources and electrification across all sectors of society. As per the agreements, ABB has been selected as a non-exclusive preferred technology supplier for manufacturing and power supply to Morrow. The objective is to ensure that the planned giga factory at Eyde Energy Park in Norway becomes one of the most cost-effective and sustainable facilities globally. This partnership aims to leverage ABB's expertise and experience to optimize Morrow's manufacturing process and enable the production of high-quality, sustainable batteries. (Source: ABB Ltd, Press Release, September 2022)
Exide Industries and its joint venture partner, Leclanche SA, have announced the launch of India's biggest lithium-ion battery plant in Gujarat. The plant has six automated assembly lines and an installed capacity of 1.5 GWh. It will focus on producing batteries for automobiles and energy storage applications. The joint venture company Nexcharge, released a statement confirming the start of mass production at the facility. (Source: Exide Industries Ltd, Press Release, May 2022)

Lithium-ion Battery Energy Storage Market Report Coverage and Deliverables

The “Lithium-ion Battery Energy Storage Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Lithium-ion battery energy storage market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Lithium-ion battery energy storage market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Lithium-ion battery energy storage market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Lithium-ion battery energy storage market
Detailed company profiles