Commercial Battery Energy Storage Market in Key Markets, Forecast to 2025

Commercial Battery Energy Storage Market in Key Markets, Forecast to 2025

With Rising Demand Charges, Rapid Battery Price Reductions, Rampant Technological Innovation and Evolving Business Models, the Global Commercial Battery Storage Market will Exhibit Dramatic Growth Till 2025

RELEASE DATE
31-Dec-2018
REGION
North America
Research Code: ME56-01-00-00-00
SKU: EG01951-NA-MR_22767
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Description

The commercial battery storage market is expected to show enormous growth, rising from $160.4 million in 2017 to $1.6 billion by 2025. Behind-the-meter battery energy storage systems at commercial sites offer attractive benefits such as peak demand charge reduction, back up, peak shaving and using batteries to participate in the local ancillary grid services market. Solar paired with storage is increasingly becoming attractive due to falling solar PV and battery prices with self-consumption becoming a major driver for decentralised energy. The rise of digitalisation is allowing for value-added functionalities such as electricity aggregation and trade from commercial battery cloud-based communities or virtual power plants (VPPS) to the grid under-balancing markets for ancillary services. Furthermore, the availability of commercial storage increases the attractiveness for customers to enter the demand response market through similar aggregators, further increasing the scope for value stacking. Such functionalities allow for the opening up of income streams to customers as well as enabling suppliers to offer system financing support such as reduced or zero down payment loan, lease or power purchase agreement (PPA) models. The growth of electric vehicles (EVs) in key global markets is also expected to spur the adoption of commercial battery storage because of its ability to stabilise the grid as well as generate additional revenue stream.

The lack of clear understanding and undervaluation by stakeholders coupled with complex customised project solutions which require evaluation of the individual business case is currently a major restraint in developing markets. The commercial storage market relies heavily on incentives such as rebates, tax credits, grants and net energy metering policy revision in order to maintain competitive pricing and a positive investment case for customers against utility power. Significant reductions in upfront costs to customers through innovative business models, combined with the provision of income streams, cost savings achieved through self-consumption, additional cost-saving benefits when combined with EVs and the benefits of a reliable, green energy supply to customers are expected to drive this market forward even before system price reductions have reached levels seen as acceptable for broad-based adoption. The United States is expected to lead the behind-the-meter commercial battery energy storage market due to strong Feed-in-Tariff (FiT)/net metering policies, rapidly declining battery prices, new supporting subsidies, new business models for system finance and high demand charges. Australia, Germany, and the United Kingdom are expected to be the next main markets as commercial consumers look to reduce electricity bills, as well as increase the revenue stream by tapping into individual energy markets.

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Takeaways—The United States, Germany and Australia

Key Takeaways—The United Kingdom, Italy, France and Spain

Key Takeaways—Austria, Switzerland, Netherlands and the Nordics

Market Engineering Measurements

CEO’s 360 Degree Perspective

Research Scope

Market Engineering Measurements

Key Regions Market Forecast

Revenue Forecast by Region

Unit Forecast by Region

Capacity Additions by Region

Basic Layout of a Commercial Battery Energy Storage System

Market Overview—Annual Market Forecasts (USA)

Market Drivers

Market Restraints

Case Study—Younicos: Commercial and Industrial Project at Colorado

Competitor Analysis of Commercial Battery Storage Market

Growth Opportunity 1—Leveraging Data Analytics

Growth Opportunity 2—Business Models

Strategic Imperatives for Success and Growth

3 Big Predictions

Legal Disclaimer

List of Exhibits

List of Figures
  • 1. Total Commercial Battery Energy Storage Market: Market Engineering Measurements, Key Markets, 2017
  • 2. Commercial Battery Energy Storage Market: Drivers, US, 2018–2025
  • 3. Commercial Battery Energy Storage Market: Restraints, US, 2018-2025
  • 4. Commercial Battery Energy Storage Market: Drivers, Australia, 2018-2025
  • 5. Commercial Battery Energy Storage Market: Restraints, Australia, 2018-2025
  • 6. Battery Storage Subsidies, Australia, 2017
  • 7. Commercial Battery Energy Storage Market: Drivers, Germany, 2018-2025
  • 8. Commercial Battery Energy Storage Market: Restraints, Germany, 2018-2025
  • 9. KfW Incentives Supporting Storage Projects, Germany, 2017
  • 10. Commercial Battery Energy Storage Market: Drivers, UK , 2018-2025
  • 11. Commercial Battery Energy Storage Market: Restraints, UK, 2018-2025
  • 12. Commercial Battery Energy Storage Market: Drivers, Italy, 2018-2025
  • 13. Average Electricity Tariffs Non-Residential, EU 28 Countries, 2017
  • 14. Commercial Battery Energy Storage Market: Restraints, Italy, 2018-2025
  • 15. Commercial Battery Energy Storage Market: Drivers, France, 2018-2025
  • 16. Commercial Battery Energy Storage Market: Restraints, France, 2018-2025
  • 17. Average Electricity Tariffs for EU28 Countries, 2017
  • 18. Feed-in Tariffs <100kW System, France, 2018
  • 19. Commercial Battery Energy Storage Market: Drivers, Spain, 2018-2025
  • 20. Commercial Battery Energy Storage Market: Restraints, Spain, 2018-2025
  • 21. Commercial Battery Energy Storage Market: Drivers, Austria, 2018-2025
  • 22. Commercial Battery Energy Storage Market: Restraints, Austria, 2018-2025
  • 23. Average Electricity Tariffs for EU 28 Countries, 2017
  • 24. Commercial Battery Energy Storage Market: Drivers, Switzerland, 2018-2025
  • 25. Commercial Battery Energy Storage Market: Restraints, Switzerland, 2018-2025
  • 26. Commercial Battery Energy Storage Market: Drivers, Netherlands, 2018-2025
  • 27. Commercial Battery Energy Storage Market: Restraints, Netherlands, 2018-2025
  • 28. Commercial Battery Energy Storage Market: Driver, Nordics, 2018-2025
  • 29. Commercial Battery Energy Storage Market: Restraints, Nordics, 2018-2025
List of Charts
  • 1. Total Commercial Battery Energy Storage Market: Market Engineering Measurements, Key Markets, 2017
  • 2. Total Commercial Battery Energy Storage Market: Revenue and Annual Capacity Additions Forecast, Select Markets, 2017-2025
  • 3. Total Commercial Battery Energy Storage Market: Revenue Forecast by Region, Select Countries, 2017-2025
  • 4. Total Commercial Battery Energy Storage Market: Unit Forecast by Region, Select Countries, 2017-2025
  • 5. Total Commercial Battery Energy Storage Market: Capacity Additions Forecast by Region, Select Countries, 2017-2025
  • 6. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, US, 2017-2025
  • 7. Commercial Battery Energy Storage Market: Revenue Forecast, US, 2017-2025
  • 8. Commercial PV (200kW) System Cost, Global, 2018
  • 9. Commercial Battery Energy Storage Market: Competitor Analysis, US, 2017
  • 10. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Australia, 2017-2025
  • 11. Commercial Battery Energy Storage Market: Revenue Forecast, Australia, 2017-2025
  • 12. Commercial Average Electricity Tariff Comparison, Key Markets, 2017
  • 13. Commercial Battery Energy Storage Market: Competitor Analysis, Australia, 2017
  • 14. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Germany, 2017-2025
  • 15. Commercial Battery Energy Storage Market: Revenue Forecast: Germany, 2017-2025
  • 16. FiT vs. Utility Tariffs (Germany), 2000–2016
  • 17. Commercial Battery Energy Storage Market: Competitor Analysis,Germany,2017
  • 18. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, UK, 2017-2025
  • 19. Commercial Battery Energy Storage Market: Revenue Forecast, UK, 2017-2025
  • 20. Commercial Battery Energy Storage Market: Competitor Analysis, UK, 2017
  • 21. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Italy, 2017-2025
  • 22. Commercial Battery Energy Storage Market: Revenue Forecast, Italy, 2017-2025
  • 23. Commercial Battery Energy Storage Market: Competitor Analysis, Italy, 2017
  • 24. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, France, 2017-2025
  • 25. Commercial Battery Energy Storage Market: Revenue Forecast, France, 2017-2025
  • 26. Commercial Battery Energy Storage Market: Competitor Analysis, France, 2017
  • 27. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Spain, 2017-2025
  • 28. Commercial Battery Energy Storage Market: Revenue Forecast, Spain, 2017-2025
  • 29. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Austria, 2017-2025
  • 30. Commercial Battery Energy Storage Market: Revenue Forecast, Austria, 2017-2025
  • 31. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Switzerland, 2017-2025
  • 32. Commercial Battery Energy Storage Market: Revenue Forecast, Switzerland, 2017-2025
  • 33. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Netherlands, 2017-2025
  • 34. Commercial Battery Energy Storage Market: Revenue Forecast, Netherlands, 2017-2025
  • 35. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Nordics, 2017-2025
  • 36. Commercial Battery Energy Storage Market: Revenue Forecast, Nordics, 2017-2025
Related Research
The commercial battery storage market is expected to show enormous growth, rising from $160.4 million in 2017 to $1.6 billion by 2025. Behind-the-meter battery energy storage systems at commercial sites offer attractive benefits such as peak demand charge reduction, back up, peak shaving and using batteries to participate in the local ancillary grid services market. Solar paired with storage is increasingly becoming attractive due to falling solar PV and battery prices with self-consumption becoming a major driver for decentralised energy. The rise of digitalisation is allowing for value-added functionalities such as electricity aggregation and trade from commercial battery cloud-based communities or virtual power plants (VPPS) to the grid under-balancing markets for ancillary services. Furthermore, the availability of commercial storage increases the attractiveness for customers to enter the demand response market through similar aggregators, further increasing the scope for value stacking. Such functionalities allow for the opening up of income streams to customers as well as enabling suppliers to offer system financing support such as reduced or zero down payment loan, lease or power purchase agreement (PPA) models. The growth of electric vehicles (EVs) in key global markets is also expected to spur the adoption of commercial battery storage because of its ability to stabilise the grid as well as generate additional revenue stream. The lack of clear understanding and undervaluation by stakeholders coupled with complex customised project solutions which require evaluation of the individual business case is currently a major restraint in developing markets. The commercial storage market relies heavily on incentives such as rebates, tax credits, grants and net energy metering policy revision in order to maintain competitive pricing and a positive investment case for customers against utility power. Significant reductions in upfront costs to customers through innova
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Table of Contents | Executive Summary~ || Key Takeaways—The United States, Germany and Australia~ || Key Takeaways—The United Kingdom, Italy, France and Spain~ || Key Takeaways—Austria, Switzerland, Netherlands and the Nordics~ || Market Engineering Measurements~ || CEO’s 360 Degree Perspective~ | Global Market Overview~ || Research Scope~ | Forecasts—Total Commercial Battery Energy Storage Market~ || Market Engineering Measurements~ || Key Regions Market Forecast~ || Revenue Forecast by Region~ || Unit Forecast by Region~ || Capacity Additions by Region~ | Commercial Battery Energy Storage—Schematic Representation~ || Basic Layout of a Commercial Battery Energy Storage System~ | The United States—Market Overview~ || Market Overview—Annual Market Forecasts (USA)~ | The United States—Market Drivers and Restraints~ || Market Drivers~ || Market Restraints~ | The United States—Case Study~ || Case Study—Younicos: Commercial and Industrial Project at Colorado~ | The United States—Supporting Policies~ || Supporting Policies~ | The United States—Competitive Landscape~ || Competitor Analysis of Commercial Battery Storage Market~ | Australia—Market Overview~ | Germany—Market Overview~ | The United Kingdom—Market Overview~ | Italy—Market Overview~ | France—Market Overview~ | Spain—Market Overview~ | Austria—Market Overview~ | Switzerland—Market Overview~ | Netherlands—Market Overview~ | Nordics—Market Overview~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Leveraging Data Analytics~ || Growth Opportunity 2—Business Models~ || Strategic Imperatives for Success and Growth~ | The Last Word~ || 3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || List of Exhibits~ | The Frost & Sullivan Story~
List of Charts and Figures 1. Total Commercial Battery Energy Storage Market: Market Engineering Measurements, Key Markets, 2017~ 2. Commercial Battery Energy Storage Market: Drivers, US, 2018–2025~ 3. Commercial Battery Energy Storage Market: Restraints, US, 2018-2025~ 4. Commercial Battery Energy Storage Market: Drivers, Australia, 2018-2025~ 5. Commercial Battery Energy Storage Market: Restraints, Australia, 2018-2025~ 6. Battery Storage Subsidies, Australia, 2017~ 7. Commercial Battery Energy Storage Market: Drivers, Germany, 2018-2025~ 8. Commercial Battery Energy Storage Market: Restraints, Germany, 2018-2025~ 9. KfW Incentives Supporting Storage Projects, Germany, 2017~ 10. Commercial Battery Energy Storage Market: Drivers, UK , 2018-2025~ 11. Commercial Battery Energy Storage Market: Restraints, UK, 2018-2025~ 12. Commercial Battery Energy Storage Market: Drivers, Italy, 2018-2025~ 13. Average Electricity Tariffs Non-Residential, EU 28 Countries, 2017~ 14. Commercial Battery Energy Storage Market: Restraints, Italy, 2018-2025~ 15. Commercial Battery Energy Storage Market: Drivers, France, 2018-2025~ 16. Commercial Battery Energy Storage Market: Restraints, France, 2018-2025~ 17. Average Electricity Tariffs for EU28 Countries, 2017~ 18. Feed-in Tariffs <100kW System, France, 2018~ 19. Commercial Battery Energy Storage Market: Drivers, Spain, 2018-2025~ 20. Commercial Battery Energy Storage Market: Restraints, Spain, 2018-2025~ 21. Commercial Battery Energy Storage Market: Drivers, Austria, 2018-2025~ 22. Commercial Battery Energy Storage Market: Restraints, Austria, 2018-2025~ 23. Average Electricity Tariffs for EU 28 Countries, 2017~ 24. Commercial Battery Energy Storage Market: Drivers, Switzerland, 2018-2025~ 25. Commercial Battery Energy Storage Market: Restraints, Switzerland, 2018-2025~ 26. Commercial Battery Energy Storage Market: Drivers, Netherlands, 2018-2025~ 27. Commercial Battery Energy Storage Market: Restraints, Netherlands, 2018-2025~ 28. Commercial Battery Energy Storage Market: Driver, Nordics, 2018-2025~ 29. Commercial Battery Energy Storage Market: Restraints, Nordics, 2018-2025~| 1. Total Commercial Battery Energy Storage Market: Market Engineering Measurements, Key Markets, 2017~ 2. Total Commercial Battery Energy Storage Market: Revenue and Annual Capacity Additions Forecast, Select Markets, 2017-2025~ 3. Total Commercial Battery Energy Storage Market: Revenue Forecast by Region, Select Countries, 2017-2025~ 4. Total Commercial Battery Energy Storage Market: Unit Forecast by Region, Select Countries, 2017-2025~ 5. Total Commercial Battery Energy Storage Market: Capacity Additions Forecast by Region, Select Countries, 2017-2025~ 6. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, US, 2017-2025~ 7. Commercial Battery Energy Storage Market: Revenue Forecast, US, 2017-2025~ 8. Commercial PV (200kW) System Cost, Global, 2018~ 9. Commercial Battery Energy Storage Market: Competitor Analysis, US, 2017~ 10. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Australia, 2017-2025~ 11. Commercial Battery Energy Storage Market: Revenue Forecast, Australia, 2017-2025~ 12. Commercial Average Electricity Tariff Comparison, Key Markets, 2017~ 13. Commercial Battery Energy Storage Market: Competitor Analysis, Australia, 2017~ 14. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Germany, 2017-2025~ 15. Commercial Battery Energy Storage Market: Revenue Forecast: Germany, 2017-2025~ 16. FiT vs. Utility Tariffs (Germany), 2000–2016~ 17. Commercial Battery Energy Storage Market: Competitor Analysis,Germany,2017~ 18. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, UK, 2017-2025~ 19. Commercial Battery Energy Storage Market: Revenue Forecast, UK, 2017-2025~ 20. Commercial Battery Energy Storage Market: Competitor Analysis, UK, 2017~ 21. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Italy, 2017-2025~ 22. Commercial Battery Energy Storage Market: Revenue Forecast, Italy, 2017-2025~ 23. Commercial Battery Energy Storage Market: Competitor Analysis, Italy, 2017~ 24. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, France, 2017-2025~ 25. Commercial Battery Energy Storage Market: Revenue Forecast, France, 2017-2025~ 26. Commercial Battery Energy Storage Market: Competitor Analysis, France, 2017~ 27. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Spain, 2017-2025~ 28. Commercial Battery Energy Storage Market: Revenue Forecast, Spain, 2017-2025~ 29. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Austria, 2017-2025~ 30. Commercial Battery Energy Storage Market: Revenue Forecast, Austria, 2017-2025~ 31. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Switzerland, 2017-2025~ 32. Commercial Battery Energy Storage Market: Revenue Forecast, Switzerland, 2017-2025~ 33. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Netherlands, 2017-2025~ 34. Commercial Battery Energy Storage Market: Revenue Forecast, Netherlands, 2017-2025~ 35. Commercial Battery Energy Storage Market: Unit and Capacity Addition Forecast, Nordics, 2017-2025~ 36. Commercial Battery Energy Storage Market: Revenue Forecast, Nordics, 2017-2025~
Author Utham Ganesh
Industries Energy
WIP Number ME56-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9AFF-A4,9B00-A4,9852