Industry Background:
Small-scale battery energy storage is a technological solution that allows the storage of energy in a device for later use. Small-scale battery energy storage benefits include energy efficiency, savings, and sustainability by enabling renewable sources and lowering consumption. As the energy transition away from fossil fuels towards renewable energy gathers speed, battery storage systems are becoming a more common feature of everyday life.This growth is primarily driven by Expanding Establishment of Lithium-ion Batteries
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Energy & Resources sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as GS Yuasa International Ltd. (Japan), Toshiba Corporation (Japan), BYD Company Ltd. (China), A123 Systems LLC (United States), Hitachi Chemical Co., Ltd. (Japan), Sony Corporation (Japan), Duracell (United States), Johnson Controls (Ireland), Panasonic Corporation (Japan) and Samsung SDI Co., Ltd. (South Korea), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2021 Siemens Acquired Britishvolt to establish the first lithium-ion battery Gigafactory in the United Kingdom. Siemens offers its automation, electrification, and digital twin solutions to Britishvolt to boost the lithium-ion output from the facility.
In March 2020 French energy company Total unveiled its plans to establish a new BESS project in Dunkirk, France.Small-scale battery energy storage is a fragmented market due to the presence of various players. The players are focusing on investing more in increasing the durability of batteries. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Investment in designing the manufacturing Battery Energy Storage System (BESS) play a significant role in the industry dynamics, Ongoing adoption of sustainable power and Growing production of electronic devices like laptops, mobile, etc.
Market Growth Drivers:
Expanding Establishment of Lithium-ion Batteries, Growing production and Demand for Consumer electronics and Rising small-scale battery energy storage demand
Challenges:
Increasing Cost-Competitive Systems and Recycling of Battery
Restraints:
Requirement of the substantial capital investment and Availability of substitutes
Opportunities:
The complementary aspect of energy storage with renewable energy, Growing awareness of rooftop solar projects, Growing inclination towards sustainable power in the residential sector and Innovation in batteries to prolong their life cycle and capacity
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Small-scale battery energy storage Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Small-scale battery energy storage Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Small-scale battery energy storage players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Small-scale battery energy storage Study Sheds Light on
The Small-scale battery energy storage Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Small-scale battery energy storage industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Small-scale battery energy storage industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.