Lithium Ion Battery Energy Storage Market Scope And Analysis

  • Report Code : TIPRE00029895
  • Category : Energy and Power
  • No. of Pages : 150
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Lithium-ion Battery Energy Storage Market Analysis Report 2023 to 2031

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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