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Global Battery Energy Storage System Will Reach 6.8 Billion Dollar

Author: Source: Datetime: 2017-11-03 13:04:20
By 2022, the global scale of battery energy storage system will reach 6.81 billion US dollars, during which the CAGR of up to 37%.

Increasing demand for networking solutions, the rapid development of the electric car market, the application of lithium-ion batteries and policy support are the main reasons for the rapid growth of battery energy storage systems.
Global Battery Energy Storage System Will Reach 6.8 Billion Dollar
By 2022, electric vehicles are the primary factor driving the rapid growth of solar power generator battery energy storage systems. It is estimated that by 2020, the global electric vehicle ownership will reach 20 million. China, the United States, Japan, Spain, France, Germany, Portugal, the Netherlands and India are major EV sales markets.

Regionally, North America will be the largest regional market for battery energy storage systems by 2022, but with the compound annual growth rate the fastest growth in the Asia Pacific region, increased demand for electric vehicles and increased installed capacity of battery energy storage systems Is the main reason.

From the business point of view, by 2022, Switzerland ABB, the Netherlands AEG, the United States General Electric, Japan Hitachi, South Korea's LG Chemical, Japan's NEC, Japan's Matsushita, South Korea's Samsung, Germany's Siemens, the United States Tesla will become the world's leading battery storage Can system providers.
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