Battery for Energy Storage Systems (ESS) Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Australia, UK, Germany - Size and Forecast 2024-2028

Published: Dec 2023

Pages: 175

SKU: IRTNTR72995

Snapshot

Battery for Energy Storage Systems (ESS) Market 2024-2028

The Battery for Energy Storage Systems (ESS) Market size is forecast to increase by USD 47.19 billion and is estimated to grow at a CAGR of 37.62% between 2023 and 2028. The report includes historic market data from 2018-2022. The market is witnessing a growing demand for increased adoption of microgrids, declining costs of battery storage systems and the requirement of continuous power supply in data centers.

Battery for Energy Storage Systems (ESS) Market Overview :

The market segmentation by Connectivity is categorized as on-grid and off-grid
The market segmentation by Technology is categorized as lithium-ion batteries, flow batteries, and others
On-grid is the fastest-growing segment during the forecast year
The on-grid was the largest segment and was valued at USD 3.05 billion in 2018.
The Regional Analysis consists of APAC, North America, Europe, Middle East and Africa, and South America
APAC is the most dominating region during the forecast period
It also includes an in-depth analysis of changing the energy mix from fossil fuels to sustainable and renewable energy resources, the requirement of continuous power supply in data centers, and the widening demand-supply disparity with regard to lithium.

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Battery For Energy Storage Systems (ESS) Market Trends

The requirement of continuous power supply in data centers is an emerging trend shaping market growth. When the main power supply fails, data centers employ an uninterrupted power supply (UPS) to provide power to loads. In data centers, battery energy storage devices play a critical role in reducing electricity fluctuations. When utility problems or outages are detected, the combination of battery energy storage systems with UPS assures continuous power supply to selected important loads. thus, major data centers have increased their demand for UPS.

As a result, demand for energy storage systems based on Li-ion and lead-acid batteries is expected to rise. The battery management system (BMS) software ensures that UPS batteries are properly charged by monitoring their charge/discharge operations. Datacenter operators can benefit from the monitoring data collected and displayed by BMS. Such factors will drive the growth of the market during the forecast period

Battery for Energy Storage Systems (ESS) Market Largest-Growing Segments

On-grid Segment

The on-grid segment is estimated to witness significant growth during the forecast period. On-grid battery systems are generally used to store excess photovoltaic energy solar energy, or hydropower for use at home and can provide essential on-grid battery storage power after dark using the excess solar PV power or energy generated during the daytime. The stored energy is then transferred to modular storage batteries.

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Furthermore, the launch of new on-grid batteries will also drive the growth of the battery for energy storage systems (ESS) market. For instance, in February 2023, SolarEdge Technologies Inc., a leading global company in smart energy technology, launched its first Battery Virtual Power Plant that supports Great Britain National Grid ESO Demand Flexibility Service (DFS). Thousands of SolarEdge Home Battery owners with appropriate smart meters across Great Britain can now earn financial incentives by deploying their stored battery energy during DFS peak demand events, which will be utilized to stabilize the grid. Such developments are expected to increase the demand for the on-grid ESS segment, which, in turn, will propel the growth of the market during the forecast period.

Battery For Energy Storage Systems (ESS) Market Regional Analysis

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APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2023, the key countries contributing to the battery for energy storage systems (ESS) market in APAC were South Korea, Japan, and Australia. The battery market for energy storage systems market in APAC is expected to grow rapidly during the forecast period. The energy demand is increasing exponentially in the region due to population growth and rising living standards. These factors have increased the need for more reliable sources of energy that can meet the growing demand for electricity in the region.

In addition, the adoption of mini-grids and microgrids has increased in the region due to the growing use of renewables and the lack of reliable grid infrastructure. These mini-grids and microgrids supply electricity to people and industries in remote areas by using renewable energy sources such as solar and wind. Thus, the use of battery energy storage enables microgrids to utilize the stored power to supply power to a particular area where the microgrid is installed. Therefore, the rise in the number of microgrid installations is driving the growth of the market in APAC during the forecast period.

Battery for Energy Storage Systems (ESS) Market Dynamic

Key Driver of Battery for Energy Storage Systems (ESS) Market

Changing the energy mix from fossil fuels to stainable and renewable energy resources is notably driving the market growth. The global energy mix has changed significantly over the years. Fossil fuels account for a major share of the global energy mix. However, burning fossil fuels for power generation increases the amount of GHG emissions released into the atmosphere. Due to the increase in GHG emissions, governments worldwide have started focusing on sustainable and renewable energy resources such as solar, biomass, and wind, which help in reducing GHG emissions. This resulted in the diversification of energy resources, with renewables increasingly accounting for a significant share of the global energy mix.

Moreover, the rapid adoption of renewables, in turn, is spurring the need for ESS to overcome the issues that arise because of the intermittent nature of renewable sources. Thus, the intermittent power generated from renewables will drive the need for users to adopt solutions such as battery energy storage, which enables them to optimize renewable power generation. Therefore, the rise in the adoption of renewable energy is driving the growth of the market during the forecast period.

Significance Challenges of Battery for Energy Storage Systems (ESS) Market

Widening demand-supply disparity with regard to lithium is a significant challenge hindering market growth. Li-ion batteries had, until recently, been primarily used for applications in consumer electronics. However, in the past few years, these batteries have been rapidly used in energy storage systems (ESS). In 2023, lithium-based batteries accounted for more than three-fourths of global electrochemical energy storage. In the transportation sector, the demand for Li-ion batteries from electric vehicles (EVs) has increased due to the growing need for larger batteries and stationary storage in EVs.

However, with the growing demand for lithium from the EV and other battery application segments, the exploration of new lithium reserves is being undertaken across the world. Although lithium reserves are available in abundance, new lithium mines will take time to become operational to meet the growing demand from the automotive battery sector which will negatively impact the battery for energy storage systems (ESS) market growth. Such factors will hinder the growth of the market during the forecast period.

Battery For Energy Storage Systems (ESS) Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Battery for Energy Storage Systems (ESS) Market Customer Landscape

Major Battery for Energy Storage Systems (ESS) Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

dSPACE GmbH - The company offers batteries for energy storage such as HIL testing, SIL testing, and power HIL testing.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The battery for energy storage systems (ESS) market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Connectivity Outlook
- On-grid
- Off-grid

Technology Outlook
- Lithium-ion batteries
- Flow batteries|Others

Region Outlook
- North America
  - The U.S.
  - Canada
- South America
  - Chile
  - Brazil
  - Argentina
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Battery For Energy Storage Systems (ESS) Market Scope
Report Coverage	Details
Page number	175
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 37.62%
Market Growth 2024-2028	USD 47.19 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	33.78
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 58%
Key countries	US, China, Australia, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	ABB Ltd., AEG Power Solutions BV, Corvus Energy, dSPACE GmbH, East Penn Manufacturing Co. Inc., Exergonix Inc., General Electric Co., Hitachi Ltd., LG Electronics Inc., Mitsubishi Heavy Industries Ltd., NEC Corp., Panasonic Holdings Corp., Philadelphia Scientific LLC, Samsung SDI Co. Ltd., Siemens Energy AG, SolarEdge Technologies Inc., TDK Corp., Tesla Inc., The AES Corp., and Toshiba Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Battery For Energy Storage Systems (ESS) Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behaviour
Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Connectivity
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global battery market for energy storage systems (ESS) 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global battery market for energy storage systems (ESS) 2018 - 2022 ($ billion)

4.2 Connectivity Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Connectivity Segment 2018 - 2022 ($ billion)

4.3 Technology Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Technology Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Connectivity

6.1 Market segments
- Exhibit 30: Chart on Connectivity - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Connectivity - Market share 2023-2028 (%)

6.2 Comparison by Connectivity
- Exhibit 32: Chart on Comparison by Connectivity
- Exhibit 33: Data Table on Comparison by Connectivity

6.3 On-grid - Market size and forecast 2023-2028
- Exhibit 34: Chart on On-grid - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on On-grid - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on On-grid - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on On-grid - Year-over-year growth 2023-2028 (%)

6.4 Off-grid - Market size and forecast 2023-2028
- Exhibit 38: Chart on Off-grid - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Off-grid - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Off-grid - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Off-grid - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Connectivity
- Exhibit 42: Market opportunity by Connectivity ($ billion)
- Exhibit 43: Data Table on Market opportunity by Connectivity ($ billion)

7 Market Segmentation by Technology

7.1 Market segments
- Exhibit 44: Chart on Technology - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Technology - Market share 2023-2028 (%)

7.2 Comparison by Technology
- Exhibit 46: Chart on Comparison by Technology
- Exhibit 47: Data Table on Comparison by Technology

7.3 Lithium-ion batteries - Market size and forecast 2023-2028
- Exhibit 48: Chart on Lithium-ion batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Lithium-ion batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Lithium-ion batteries - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Lithium-ion batteries - Year-over-year growth 2023-2028 (%)

7.4 Flow batteries - Market size and forecast 2023-2028
- Exhibit 52: Chart on Flow batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Flow batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Flow batteries - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Flow batteries - Year-over-year growth 2023-2028 (%)

7.5 Others - Market size and forecast 2023-2028
- Exhibit 56: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Others - Year-over-year growth 2023-2028 (%)

7.6 Market opportunity by Technology
- Exhibit 60: Market opportunity by Technology ($ billion)
- Exhibit 61: Data Table on Market opportunity by Technology ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2023-2028 (%)
- Exhibit 64: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 China - Market size and forecast 2023-2028
- Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)

9.9 US - Market size and forecast 2023-2028
- Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)

9.10 Australia - Market size and forecast 2023-2028
- Exhibit 95: Chart on Australia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on Australia - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Australia - Year-over-year growth 2023-2028 (%)

9.11 UK - Market size and forecast 2023-2028
- Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)

9.12 Germany - Market size and forecast 2023-2028
- Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ billion)
- Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

11.4 Industry risks
- Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 113: Vendors covered

12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

12.3 dSPACE GmbH
- Exhibit 115: dSPACE GmbH - Overview
- Exhibit 116: dSPACE GmbH - Product / Service
- Exhibit 117: dSPACE GmbH - Key offerings

12.4 General Electric Co.
- Exhibit 118: General Electric Co. - Overview
- Exhibit 119: General Electric Co. - Business segments
- Exhibit 120: General Electric Co. - Key news
- Exhibit 121: General Electric Co. - Key offerings
- Exhibit 122: General Electric Co. - Segment focus

12.5 Hitachi Ltd.
- Exhibit 123: Hitachi Ltd. - Overview
- Exhibit 124: Hitachi Ltd. - Business segments
- Exhibit 125: Hitachi Ltd. - Key news
- Exhibit 126: Hitachi Ltd. - Key offerings
- Exhibit 127: Hitachi Ltd. - Segment focus

12.6 LG Electronics Inc.
- Exhibit 128: LG Electronics Inc. - Overview
- Exhibit 129: LG Electronics Inc. - Product / Service
- Exhibit 130: LG Electronics Inc. - Key offerings

12.7 Mitsubishi Heavy Industries Ltd.
- Exhibit 131: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 132: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 133: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 134: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 135: Mitsubishi Heavy Industries Ltd. - Segment focus

12.8 NEC Corp.
- Exhibit 136: NEC Corp. - Overview
- Exhibit 137: NEC Corp. - Business segments
- Exhibit 138: NEC Corp. - Key news
- Exhibit 139: NEC Corp. - Key offerings
- Exhibit 140: NEC Corp. - Segment focus

12.9 Panasonic Holdings Corp.
- Exhibit 141: Panasonic Holdings Corp. - Overview
- Exhibit 142: Panasonic Holdings Corp. - Business segments
- Exhibit 143: Panasonic Holdings Corp. - Key news
- Exhibit 144: Panasonic Holdings Corp. - Key offerings
- Exhibit 145: Panasonic Holdings Corp. - Segment focus

12.10 Philadelphia Scientific LLC
- Exhibit 146: Philadelphia Scientific LLC - Overview
- Exhibit 147: Philadelphia Scientific LLC - Product / Service
- Exhibit 148: Philadelphia Scientific LLC - Key offerings

12.11 Samsung SDI Co. Ltd.
- Exhibit 149: Samsung SDI Co. Ltd. - Overview
- Exhibit 150: Samsung SDI Co. Ltd. - Business segments
- Exhibit 151: Samsung SDI Co. Ltd. - Key news
- Exhibit 152: Samsung SDI Co. Ltd. - Key offerings
- Exhibit 153: Samsung SDI Co. Ltd. - Segment focus

12.12 Siemens Energy AG
- Exhibit 154: Siemens Energy AG - Overview
- Exhibit 155: Siemens Energy AG - Business segments
- Exhibit 156: Siemens Energy AG - Key news
- Exhibit 157: Siemens Energy AG - Key offerings
- Exhibit 158: Siemens Energy AG - Segment focus

12.13 SolarEdge Technologies Inc.
- Exhibit 159: SolarEdge Technologies Inc. - Overview
- Exhibit 160: SolarEdge Technologies Inc. - Product / Service
- Exhibit 161: SolarEdge Technologies Inc. - Key offerings

12.14 TDK Corp.
- Exhibit 162: TDK Corp. - Overview
- Exhibit 163: TDK Corp. - Business segments
- Exhibit 164: TDK Corp. - Key news
- Exhibit 165: TDK Corp. - Key offerings
- Exhibit 166: TDK Corp. - Segment focus

12.15 Tesla Inc.
- Exhibit 167: Tesla Inc. - Overview
- Exhibit 168: Tesla Inc. - Business segments
- Exhibit 169: Tesla Inc. - Key news
- Exhibit 170: Tesla Inc. - Key offerings
- Exhibit 171: Tesla Inc. - Segment focus

12.16 The AES Corp.
- Exhibit 172: The AES Corp. - Overview
- Exhibit 173: The AES Corp. - Business segments
- Exhibit 174: The AES Corp. - Key offerings
- Exhibit 175: The AES Corp. - Segment focus

12.17 Toshiba Corp.
- Exhibit 176: Toshiba Corp. - Overview
- Exhibit 177: Toshiba Corp. - Business segments
- Exhibit 178: Toshiba Corp. - Key news
- Exhibit 179: Toshiba Corp. - Key offerings
- Exhibit 180: Toshiba Corp. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 181: Inclusions checklist
- Exhibit 182: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 183: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 184: Research methodology
- Exhibit 185: Validation techniques employed for market sizing
- Exhibit 186: Information sources

13.5 List of abbreviations
- Exhibit 187: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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