IDTechEx forecasts the global Li-ion battery energy storage system (BESS) market to reach US$135B by 2037.
Demand for Li-ion BESS technologies will continue to increase over the coming decade to support the growing penetration of renewable energy sources, alongside new demand created by data center build-out. Policy is also shifting from simply setting storage targets towards creating bankable revenue frameworks and increasingly sophisticated routes-to-market for BESS deployment.
While policy and financing are evolving to support BESS procurement and project investment, new challenges are also emerging across the value chain. Key players continue to capture significant market share, while the increasingly competitive utility-scale landscape is becoming harder for newer entrants to penetrate. Players are also evolving their BESS technologies for improved performance, and these trends related to chemistry, cell capacity, and system architecture continue to shape the market.
This webinar will cover:
• Li-ion battery demand across sectors
• Li-ion BESS deployments by country and sector
• Grid-scale BESS projects by capacity (GWh)
• Key regional drivers and emerging challenges in the BESS market
• Residential battery market – types of players vs market contribution
• An overview of energy storage technologies
• Li-ion BESS chemistry trend and key technology trends shaping the BESS market
• Thermal management and safety overview for BESS
• Li-ion’s current and future position in the energy storage market against other energy storage technologies, including long duration energy storage
• IDTechEx’s outlook on the global Li-ion BESS market