Commercial Battery Energy Storage Market in Key Markets, Forecast to 2025
With Rising Demand Charges, Rapid Battery Price Reductions, Rampant Technological Innovation and Evolving Business Models, the Global Commercial Battery Storage Market will Exhibit Dramatic Growth Till 2025
  • The commercial battery storage market is expected to show enormous growth, rising from $160.4 million in 2017 to $1.6 billion by 2025. Behind-the-meter battery energy storage systems at commercial sites offer attractive benefits such as peak demand charge reduction, back up, peak shaving and using batteries to participate in the local ancillary grid services market. Solar paired with storage is increasingly becoming attractive due to falling solar PV and battery prices with self-consumption becoming a major driver for decentralised energy. The rise of digitalisation is allowing for value-added functionalities such as electricity aggregation and trade from commercial battery cloud-based communities or virtual power plants (VPPS) to the grid under-balancing markets for ancillary services. Furthermore, the availability of commercial storage increases the attractiveness for customers to enter the demand response market through similar aggregators, further increasing the scope for value stacking. Such functionalities allow for the opening up of income streams to customers as well as enabling suppliers to offer system financing support such as reduced or zero down payment loan, lease or power purchase agreement (PPA) models.

    Click image to view it in full size

    • Get Access to Complimentary Intelligence
    • * indicates mandatory fields
    • Firstname*
    • Lastname*
    • Company*
    • Job Title*
    • Business Phone*
    • Business Email*
    • Job Role*
    • Country*
    • Are you in the media?*
    • We'd love to send you exclusive offers and the latest info from Frost & Sullivan in the areas of:
    • Research & Analysis - Free Trial Access
      • Businesses across the globe are fast evolving and time is of the essence. Today’s leaders do not lack for a wealth of data, but rather the ability to find answers quickly. Frost & Sullivan’s research delivery platform provides actionable intelligence through an intuitive platform to ensure customers gain answers to critical questions faster than ever before.
    • Scheduling a Growth Workshop or customized Consulting project
      • Frost & Sullivan’s Growth Consulting Model provides specific tools and expertise to support clients through all five phases of the growth cycle: From developing a pipeline of growth opportunities to evaluating and prioritizing those opportunities to formulating and implementing go-to-market strategies to ongoing monitoring. The objective of the Growth Model is to identify your company’s Growth Zone and help you capture the most attractive opportunities.
    • Complimentary Growth Strategy Dialogue
      • Talk to an analyst today to know more by signing up for a complimentary Growth Strategy Dialogue, an interactive conversation with an analyst regarding growth opportunities in your market.
    • Please tick the boxes below to tell us all the ways you would prefer to hear from us:
    • Frost & Sullivan values your privacy and we will never share or sell your personal information to third parties. Please visit our Privacy Policy.