About Containerized battery energy storage system
BESS containers provide a versatile and scalable solution for energy storage and power management, load management, backup power, and improved power quality. A battery storage system works round the clock and compensates for any fluctuations in solar energy supply by storing excess power. A battery storage system provides emergency backup during a power outage, guaranteeing business continuity. Growing demand for electricity and power globally is the demand of market drivers. Government incentives for energy storage are driving the market growth.
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The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain a high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality and enhance and promote performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Containerized battery energy storage system market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fluence (United States), Tesla (United States), Siemens (Germany), Xcel Energy (United States), DTE Energy (United States), EDF Energy (United Kingdom), Pivot Power (United Kingdom), Statera (United Kingdom), CMS Energy (United States) and Samsung SDI Co., Ltd. (South Korea) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are RES (United Kingdom), Con Edison (United States), Avangrid (United States), PSEG Long Island (United States) and S&C Electric Company (United States).
AMA Research has segmented the market of Global Containerized battery energy storage system market by , Application (Medical, Industrial, Data Centre and Others) and Region.
On the basis of geography, the market of Containerized battery energy storage system has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Energy storage system, the sub-segment i.e. Below 100MWH will boost the Containerized battery energy storage system market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Government incentives for energy storage are driving growth and Rising Demand for new Innovative technology
Market Growth Drivers:
Increased demand for electricity and power globally
Lack of standardization
Containerized battery storage system has Short service life and Increased need for maintenance and monitoring
Containerized battery energy storage system used in long-duration
Market Leaders and their expansionary development strategies
In March 2023, Spearmint Energy acquired a 900 MW Battery Storage Portfolio in Texas. The company's portfolio will serve the Electric Reliability Council of Texas (ERCOT) market, where the demand for renewable energy generation has increased after the winter storm Uri and the passing of the Inflation Reduction Act.
In February 2019, Siemens launched its own ‘June light’ lithium home energy storage systems. Siemens German has furthered its involvement in the stationary energy storage industry, becoming the latest ‘big player’ to launch a range of home battery energy storage systems. The company provides its Sie storage brand of containerized energy storage and has been a partner in Fluence, providing energy storage technology and services as a joint venture with AES Corporation.
Key Target AudienceGovernment Agencies, Battery energy storage system company, End User Industry, Regulatory bodies, Consumer and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.