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21 Jul 2015  |  Global  |  Market Research

Global Utility-scale Grid-connected Battery Energy Storage Systems Market

High Growth in Utility-scale Grid-connected Solutions

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The battery energy storage system (BESS) market is poised to enter a period of dynamic growth on a global level. In the markets for utility-scale grid-connected solutions, commercialisation will begin to accelerate after 2017 with the subsequent years bringing huge opportunities for companies that have the technological capabilities to compete. Rap...

14 Jan 2020  |  Global  |  Market Outlook

Outlook for the Global Energy Storage Industry, 2020

The United States and China Continue to be the Key Energy Storage Markets, Supported by Strong Regulations, Legislative Policies, and Incentives

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Energy storage is gaining importance with increasing demand for energy in residential and industrial applications. With growing data consumption and a proliferation of cloud services, the demand for energy increases proportionately. Energy storage is a viable solution to utilize renewable energy and an attractive option for implementing clean energ...

Battery energy storage systems (BESS) are crucial in enabling the energy transition. Their deployment is essential to providing electricity systems' flexibility to support higher electrification, relying primarily on variable renewable energy (RE) sources. At the behind-the-meter (BTM) level, batteries are also increasingly recognized as a critical...

The 2020s have been dubbed the decade of energy storage, and 2024 confirmed this to be true. Battery energy storage CAPEX surged to $65.6 billion, up from $48.9 billion in 2023. This was achieved despite a reduction in battery pack costs in 2024 that meant project costs declined by around 10% across all geographies. The ongoing clean energy transit...

Solar PV accounted for 45% of all power generation investment in 2024, and is forecast to maintain this throughout the next decade. Inflation drove up project costs in 2023, but lower module and PV inverter costs meant costs started to decline in 2023 and continued to decline in 2024–a rarity for the power industry.Residential, commercial, and indu...

This edition of the Energy & Power Systems (EPS) TOE features information on next generation lithium-ion batteries transforming energy storage solutions. The TOE also covers the innovations on efficient, low-maintenance offshore wind turbine technology. The TOE focuses on emerging innovations in Cadmium Telluride based solar cell materials for next...

The integration of smart technologies into healthcare has transformed primary care delivery, expanded medical services beyond holistic social care, and created telemedicine value chains. However, healthcare industry challenges persist, such as widespread labor shortages, a rapidly ageing population, and increasing medical costs. These constraints a...

The worldwide demand for batteries is on the rise, primarily propelled by the urgency to combat climate change through mobility electrification and energy transition. In addition, significant growth in consumer electronics, such as wearables and Bluetooth earphones, will further propel the Lithium-ion (Li-ion) battery materials market. The move fro...