Chicago, IL -- (SBWIRE) -- 08/31/2017 -- The objective of this report is to describe the market trends and revenue forecasts for the battery energy storage system market for the next five years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the battery energy storage system market. The scope of this report covers the battery energy storage system market by its major segments, which include the types of battery, energy sources, and the major geographic regions.

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KEY PREMIUM INDUSTRY INSIGHTS

The key factors driving the growth of the battery energy storage system market include increasing electric vehicle market, rising demand for grid connected solutions, the requirement of the lithium-ion batteries in varied applications, and government support.

Moreover, high popularity of residential battery energy storage systems and increasing number energy storage installations in emerging countries such as India, China, and Japan, is providing huge growth opportunities in this market.

However, the requirement of the high capital investment may act as a restraint to the growth of this market.

MARKET SEGMENTATION

This report analyzes the battery energy storage system market by the following segments:

Battery Energy Storage System market, by Type Of Battery

1. Lithium–Ion
2. Sodium-Sulphur (NAS) Batteries
3. Flow Batteries
4. Advanced Lead-Acid Batteries
5. Others

Battery Energy Storage System Market, by Revenue Source

1. Hardware
2. Software & Services

KEY MARKET PLAYERS

Key players in the battery energy storage system market include:

1. ABB Ltd.
2. LG Chem
3. NEC Corporation
4. Panasonic Corporation
5. Samsung SDI Co., Ltd.
6. AEG Power Solutions
7. General Electric Co.
8. Hitachi Ltd.
9. Siemens AG
10. Tesla Motors Ltd.

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