• About us
  • Contact Us
  • Submit a Press Release
Wednesday, November 29, 2023
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
South-Africana
No Result
View All Result
Submit PR
  • AFRICA
    تفتتح Geekvape عصرًا جديدًا من الإنتاج الآلي خالي من الغبار، مُعلنةً بذلك عن بزوغ فجر مرحلة جديدة من التصنيع الذكي والمستدام في القطاع

    تفتتح Geekvape عصرًا جديدًا من الإنتاج الآلي خالي من الغبار، مُعلنةً بذلك عن بزوغ فجر مرحلة جديدة من التصنيع الذكي والمستدام في القطاع

    AfriSummit 2023: African Health Authorities and Industry Leaders Convene to Explore Pharma Regulations and Innovations

    AfriSummit 2023: African Health Authorities and Industry Leaders Convene to Explore Pharma Regulations and Innovations

    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    BZR on Coinstore – a Significant Milestone for Bazaars

    BZR on Coinstore – a Significant Milestone for Bazaars

  • Botswana

    Premium Nickel Reports Assays from Selebi North Underground Drilling – Yahoo Finance

    Orange Botswana CEO, Nene Maïga, Wins Female Innovator of the … – The Patriot On Sunday

    Botswana: Nata to Host World Aids Day – AllAfrica – Top Africa News

    'Fall in love with the rich culture of Botswana': PULA! The Musical … – News24

  • Eswatini

    Top 10 African countries leading in attracting and retaining talents – Business Insider Africa

    Study Finds Online Course Effectively Trains Health Workers to Detect Glaucoma – Yahoo Finance

    Tech Discrimination: The New Way We Work? – The Solidarity Center

    Study Finds Online Course Effectively Trains Health Workers to … – PR Newswire

  • Lesotho

    Lesotho: Five Ministers sworn-in – Africa.com

    How Africa can make most of diaspora finance – The East African

    Lesotho: His Majesty Unveils Revival Torch – ZAWYA

    Lesotho: Department of Environment on E-Waste Management – Africa.com

  • Namibia

    The EU and Namibia set the roadmap to a future of renewable … – EEAS

    PEL 83 – First Exploration Well Drilling Operations Initiated at the Mopane Prospect – Yahoo Finance

    Nandi-Ndaitwah: Namibia's success linked to success of … – New Era

    Namibia Marks Progress in Suppressing HIV-Aids – AllAfrica – Top Africa News

  • South Africa

    Business Manager – South Africa – Cape Town – Bizcommunity.com

    ASP Isotopes Inc. Enters Into Memorandum of Understanding (MOU) With Second US-based Small Modular Reactor (SMR) Company To Supply High Assay Low Enriched Uranium (HALEU) – Yahoo Finance

    PIF's ROSHN Group signs tech investments MoU with Hong Kong's … – Arab News

    2023-11 – Energy crisis takes toll on pandemic-weary mental health – Wits University

    No need to panic buy eggs – says Department of Agriculture – Northern Natal News

    Heatwave warning issued for parts of South Africa – BusinessGhana

    Trending Tags

    • Press releases
      مجموعة الابتكار في جويانا تكشف عن رؤية طموحة: قرية الابتكار في جويانا في قلب مخطط مدينة سيليكا

      مجموعة الابتكار في جويانا تكشف عن رؤية طموحة: قرية الابتكار في جويانا في قلب مخطط مدينة سيليكا

      Jetour Launches First Global Service Skills Competition to Enhance Quality Service Worldwide

      Jetour Launches First Global Service Skills Competition to Enhance Quality Service Worldwide

      تعقد أول مسابقة لمهارات الخدمة العالمية لشركة JETOUR على نطاق واسع ،مما يسمح للمستخدمين في جميع أنحاء العالم بالاستمتاع بجودة الخدمة

      تعقد أول مسابقة لمهارات الخدمة العالمية لشركة JETOUR على نطاق واسع ،مما يسمح للمستخدمين في جميع أنحاء العالم بالاستمتاع بجودة الخدمة

      مع تسارع العولمة، فوياه تطلق رسميًا سياراتها في هولندا

      مع تسارع العولمة، فوياه تطلق رسميًا سياراتها في هولندا

      سايتكس وهوب سبوت HubSpot يتعاونان لإطلاق برنامج مسرع الشرق الأوسط لدعم الشركات الناشئة

      سايتكس وهوب سبوت HubSpot يتعاونان لإطلاق برنامج مسرع الشرق الأوسط لدعم الشركات الناشئة

      Scitecs and HubSpot collaborate to Launch ‘Accelerate Middle East Program’ Supercharging Startup’s success

      Scitecs and HubSpot collaborate to Launch ‘Accelerate Middle East Program’ Supercharging Startup’s success

      Trending Tags

      • AFRICA
        تفتتح Geekvape عصرًا جديدًا من الإنتاج الآلي خالي من الغبار، مُعلنةً بذلك عن بزوغ فجر مرحلة جديدة من التصنيع الذكي والمستدام في القطاع

        تفتتح Geekvape عصرًا جديدًا من الإنتاج الآلي خالي من الغبار، مُعلنةً بذلك عن بزوغ فجر مرحلة جديدة من التصنيع الذكي والمستدام في القطاع

        AfriSummit 2023: African Health Authorities and Industry Leaders Convene to Explore Pharma Regulations and Innovations

        AfriSummit 2023: African Health Authorities and Industry Leaders Convene to Explore Pharma Regulations and Innovations

        Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

        Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

        BZR on Coinstore – a Significant Milestone for Bazaars

        BZR on Coinstore – a Significant Milestone for Bazaars

      • Botswana

        Premium Nickel Reports Assays from Selebi North Underground Drilling – Yahoo Finance

        Orange Botswana CEO, Nene Maïga, Wins Female Innovator of the … – The Patriot On Sunday

        Botswana: Nata to Host World Aids Day – AllAfrica – Top Africa News

        'Fall in love with the rich culture of Botswana': PULA! The Musical … – News24

      • Eswatini

        Top 10 African countries leading in attracting and retaining talents – Business Insider Africa

        Study Finds Online Course Effectively Trains Health Workers to Detect Glaucoma – Yahoo Finance

        Tech Discrimination: The New Way We Work? – The Solidarity Center

        Study Finds Online Course Effectively Trains Health Workers to … – PR Newswire

      • Lesotho

        Lesotho: Five Ministers sworn-in – Africa.com

        How Africa can make most of diaspora finance – The East African

        Lesotho: His Majesty Unveils Revival Torch – ZAWYA

        Lesotho: Department of Environment on E-Waste Management – Africa.com

      • Namibia

        The EU and Namibia set the roadmap to a future of renewable … – EEAS

        PEL 83 – First Exploration Well Drilling Operations Initiated at the Mopane Prospect – Yahoo Finance

        Nandi-Ndaitwah: Namibia's success linked to success of … – New Era

        Namibia Marks Progress in Suppressing HIV-Aids – AllAfrica – Top Africa News

      • South Africa

        Business Manager – South Africa – Cape Town – Bizcommunity.com

        ASP Isotopes Inc. Enters Into Memorandum of Understanding (MOU) With Second US-based Small Modular Reactor (SMR) Company To Supply High Assay Low Enriched Uranium (HALEU) – Yahoo Finance

        PIF's ROSHN Group signs tech investments MoU with Hong Kong's … – Arab News

        2023-11 – Energy crisis takes toll on pandemic-weary mental health – Wits University

        No need to panic buy eggs – says Department of Agriculture – Northern Natal News

        Heatwave warning issued for parts of South Africa – BusinessGhana

        Trending Tags

        • Press releases
          مجموعة الابتكار في جويانا تكشف عن رؤية طموحة: قرية الابتكار في جويانا في قلب مخطط مدينة سيليكا

          مجموعة الابتكار في جويانا تكشف عن رؤية طموحة: قرية الابتكار في جويانا في قلب مخطط مدينة سيليكا

          Jetour Launches First Global Service Skills Competition to Enhance Quality Service Worldwide

          Jetour Launches First Global Service Skills Competition to Enhance Quality Service Worldwide

          تعقد أول مسابقة لمهارات الخدمة العالمية لشركة JETOUR على نطاق واسع ،مما يسمح للمستخدمين في جميع أنحاء العالم بالاستمتاع بجودة الخدمة

          تعقد أول مسابقة لمهارات الخدمة العالمية لشركة JETOUR على نطاق واسع ،مما يسمح للمستخدمين في جميع أنحاء العالم بالاستمتاع بجودة الخدمة

          مع تسارع العولمة، فوياه تطلق رسميًا سياراتها في هولندا

          مع تسارع العولمة، فوياه تطلق رسميًا سياراتها في هولندا

          سايتكس وهوب سبوت HubSpot يتعاونان لإطلاق برنامج مسرع الشرق الأوسط لدعم الشركات الناشئة

          سايتكس وهوب سبوت HubSpot يتعاونان لإطلاق برنامج مسرع الشرق الأوسط لدعم الشركات الناشئة

          Scitecs and HubSpot collaborate to Launch ‘Accelerate Middle East Program’ Supercharging Startup’s success

          Scitecs and HubSpot collaborate to Launch ‘Accelerate Middle East Program’ Supercharging Startup’s success

          Trending Tags

          Submit PR
          No Result
          View All Result
          South-africana
          Submit PR
          Home Press Releases

          Battery Energy Storage System Market worth $15.1 billion by 2027

          admin by admin
          March 25, 2022
          in Press Releases
          Battery Energy Storage System Market worth $15.1 billion by 2027
          Share on FacebookShare on Twitter


           


          (EMAILWIRE.COM, March 25, 2022 ) According to the new research report “Battery Energy Storage System Market with COVID-19 Impact by Storage System, Element, Battery Type (Lithium-Ion, Flow Batteries), Connection Type (On-Grid and Off-Grid), Ownership, Energy Capacity, Application and Geography – Global Forecast to 2027″ published by MarketsandMarkets, the global battery energy storage system market size is expected to grow from USD 4.4 billion in 2022 to USD 15.1 billion by 2027, at a CAGR of 27.9%. The growth of this market is driven mainly by the increasing demand for grid energy storage systems owing to ongoing grid modernization, growing penetration of lithium-ion batteries in renewable energy sector, and rising trend of adopting low-carbon and less fossil fuel-based economy and ongoing renewable energy revolution.

          Browse 208 market data Tables and 79 Figures spread through 289 Pages and in-depth TOC on “Battery Energy Storage System Market with COVID-19 Impact – Global Forecast to 2027”

          Download PDF Brochure @
          https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=112809494

          Lithium-ion batteries to hold the largest share of the battery energy storage system market in 2021

          The adoption of lithium-ion batteries is increasing at a substantial rate attributed to the advantages of the battery such as high energy and power density, which leads to low standby losses and a high life expectancy of about 5–15 years with 98% efficiency. Also, lithium-ion-sulfur battery energy storage systems support frequency regulation, demand charge reduction, grid-buffering, and renewable integration, which are suitable for on-grid connections.

          On-grid connection type segment is dominating the battery energy storage system market in 2021

          The on-grid connections exhibit lower upfront costs than the off-grid system, as the surplus energy is sent to the grid, which can be used later on a metered basis. The reduction in the energy bills for the customers relying on the utility grid for electricity is expected to drive the growth of the segment. The demand for grid modernization from renewable energy suppliers and new regulatory policies for the energy sector are also driving the growth of the on-grid battery energy storage system market for utilities.

          Utility application to grow at highest CAGR from 2022 to 2027

          The utility application dominates the battery energy storage system market in 2021 and is estimated to hold the largest CAGR during the forecast period. The need to fulfill the requirement of peak electricity demands is the major factor contributing to the growth of the market for utility. The utility BESS provides power quality, frequency, and voltage control services in case of sudden fluctuation in the energy supply. The battery energy storage systems enable grid operators to save electricity when there is a surplus of renewable energy. The increasing demand for a reliable and efficient supply of electricity in most regions and the growing need for renewable energy are responsible for the high demand for battery energy storage systems in the utility sector.

          The battery energy storage system market in APAC is expected to grow at the highest CAGR from 2022 to 2027

          APAC is expected to hold the largest growth rate of the global battery energy storage system market during the forecast period. APAC is a hub for the battery energy storage system industry. APAC is expected to witness plans for electrification in remote areas, which are mostly off-grid in several countries. The use of residential energy storage technology will enable to increase access to electricity for these remote and island communities in the region. Energy storage investments are expected to increase substantially within the APAC region as the governments in growing economies are making new policies to improve the reliability and quality of the power distribution facilities to the residential customers. The governments of various countries in this region are focusing on minimizing the adverse effects of the energy sector on the environment. These factors lead to the growth in the deployment of battery energy storage systems in residential and public utility applications.

          Key Market Players

          Major companies operating in this battery energy storage system market include BYD Company Limited (China), SAMSUNG SDI Co., Ltd. (South Korea), LG Energy Solutions Co., Ltd. (South Korea), and Panasonic Corporation (Japan).

          Ask for Sample Report @
          https://www.marketsandmarkets.com/requestsampleNew.asp?id=112809494

          About MarketsandMarkets™

          MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

          MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



          Source link

          Previous Post

          Synthetic Tartaric Acid Market Is Expected To Register Highest CAGR Of 4.8% During The Forecast Period 2019–2027

          Next Post

          Duplex Stainless Steel Market Size Estimated to Reach $4.8 Billion by 2027

          Related Posts

          مجموعة الابتكار في جويانا تكشف عن رؤية طموحة: قرية الابتكار في جويانا في قلب مخطط مدينة سيليكا
          Press Releases

          مجموعة الابتكار في جويانا تكشف عن رؤية طموحة: قرية الابتكار في جويانا في قلب مخطط مدينة سيليكا

          November 28, 2023
          Jetour Launches First Global Service Skills Competition to Enhance Quality Service Worldwide
          Press Releases

          Jetour Launches First Global Service Skills Competition to Enhance Quality Service Worldwide

          November 28, 2023
          تعقد أول مسابقة لمهارات الخدمة العالمية لشركة JETOUR على نطاق واسع ،مما يسمح للمستخدمين في جميع أنحاء العالم بالاستمتاع بجودة الخدمة
          Press Releases

          تعقد أول مسابقة لمهارات الخدمة العالمية لشركة JETOUR على نطاق واسع ،مما يسمح للمستخدمين في جميع أنحاء العالم بالاستمتاع بجودة الخدمة

          November 28, 2023
          مع تسارع العولمة، فوياه تطلق رسميًا سياراتها في هولندا
          Press Releases

          مع تسارع العولمة، فوياه تطلق رسميًا سياراتها في هولندا

          November 28, 2023
          سايتكس وهوب سبوت HubSpot يتعاونان لإطلاق برنامج مسرع الشرق الأوسط لدعم الشركات الناشئة
          Press Releases

          سايتكس وهوب سبوت HubSpot يتعاونان لإطلاق برنامج مسرع الشرق الأوسط لدعم الشركات الناشئة

          November 24, 2023
          Scitecs and HubSpot collaborate to Launch ‘Accelerate Middle East Program’ Supercharging Startup’s success
          Press Releases

          Scitecs and HubSpot collaborate to Launch ‘Accelerate Middle East Program’ Supercharging Startup’s success

          November 24, 2023

          Discussion about this post

          LATEST NEWS

          مجموعة الابتكار في جويانا تكشف عن رؤية طموحة: قرية الابتكار في جويانا في قلب مخطط مدينة سيليكا

          مجموعة الابتكار في جويانا تكشف عن رؤية طموحة: قرية الابتكار في جويانا في قلب مخطط مدينة سيليكا

          November 28, 2023
          Jetour Launches First Global Service Skills Competition to Enhance Quality Service Worldwide

          Jetour Launches First Global Service Skills Competition to Enhance Quality Service Worldwide

          November 28, 2023
          تعقد أول مسابقة لمهارات الخدمة العالمية لشركة JETOUR على نطاق واسع ،مما يسمح للمستخدمين في جميع أنحاء العالم بالاستمتاع بجودة الخدمة

          تعقد أول مسابقة لمهارات الخدمة العالمية لشركة JETOUR على نطاق واسع ،مما يسمح للمستخدمين في جميع أنحاء العالم بالاستمتاع بجودة الخدمة

          November 28, 2023
          مع تسارع العولمة، فوياه تطلق رسميًا سياراتها في هولندا

          مع تسارع العولمة، فوياه تطلق رسميًا سياراتها في هولندا

          November 28, 2023

          About

          South Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Southern African countries.

          We provide press release distribution to media outlets in Africa including Botswana, Eswatini, Lesotho, Namibia and South Africa. To submit a press release today, contact us.

          Categories

          BOTSWANA

          ESWATINI

          LESOTHO

          NAMIBIA

          SOUTH AFRICA

          PRESS RELEASES

          Recent Post

          Recent Posts
          • مجموعة الابتكار في جويانا تكشف عن رؤية طموحة: قرية الابتكار في جويانا في قلب مخطط مدينة سيليكا
          • Jetour Launches First Global Service Skills Competition to Enhance Quality Service Worldwide
          • تعقد أول مسابقة لمهارات الخدمة العالمية لشركة JETOUR على نطاق واسع ،مما يسمح للمستخدمين في جميع أنحاء العالم بالاستمتاع بجودة الخدمة

          Subscribe to Our Newsletter

            Share Us

            Share on facebook
            Share on twitter
            Share on linkedin
            Share on pinterest
            South Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
            No Result
            View All Result
            • AFRICA
            • Botswana
            • Eswatini
            • Lesotho
            • Namibia
            • South Africa
            • Press releases

            © 2022 Copyright SOUTH-AFRICANA