Battery Energy Storage Systems for Smart Grid Market
Battery Energy Storage Systems for Smart Grid Market Overview
The report is titled ‘Battery Energy Storage Systems for Smart Grid Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the battery energy storage systems for smart grid market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The battery energy storage systems for smart grid market is expected to grow at a significant rate in the near future.
The global battery energy storage systems for smart grid market is estimated to reach at a value of US$ xx Mn by the end of 2020 and expected to reach at a value of US$ xx Mn by 2028 with a significant CAGR of xx%
Battery Energy Storage Systems for Smart Grid Introduction
To start with, a smart grid is basically an electricity network allowing a bilateral stream of electricity and data with digital communications technology allowing it to discern, retaliate and pro-act to alterations in usage and several problems. Smart grids – as an idea – became well-known over a decade ago and are crucial in the digital revolution of the electricity division. Although energy storage has become an essential constituent for smart grids.
The optimum operation and sizing of storage systems offers peak power demand efficient management, enables the maximizing of renewables' discernment, assists power quality and cuts off energy networks' expansion requirements. Among various typical energy storage systems for smart grids, chemical energy storage, for instance, electrochemical conventional batteries, solar fuels, fuel cells, metal-air batteries, and thermochemical revocable procedures.
Battery Energy Storage Systems for Smart Grid Market Dynamics
Electrical energy storage systems (EES) are extremely crucial for smart grids. Their function by and large relies on the count of charging-discharging cycles and the span of their operation. As a matter of fact, batteries are the first electrical storage system to be reasoned in smart grids.
Battery energy storage systems have the capability to provide a number of high-value opportunities, on condition that reduced costs can be acquired. Said factors are considerably one of the major factors that is primarily boosting the growth of the global battery energy storage systems for smart grid market. The most comprehensively employed batteries are lithium, lead acid nickel-cadmium, and sodium sulfur.
Notably, in the present times, the intricate infrastructures or sudden wind currents or clouds cloaking the sun is likely to induce deviations in the energy generation process. In such events, battery energy storage systems assist grid operatives to preserve electricity when the electricity produced surpasses the electricity demanded. Attributing to which, the growing demand for constant energy and power storage systems in today’s times is further expected to contribute positively in the market growth in the following years.
Battery Energy Storage Systems for Smart Grid Market Segmentation
The global battery energy storage systems for smart grid market is segmented on the basis of element, application, battery type, connection type, ownership, energy capacity, and region
By Element
Battery
Power conversion system
Battery management system
Others
By Application
Residential
Commercial & Industrial
Utilities
By Battery Type
Lithium-Ion
Flow Batteries
Lead Acid Batteries
Others
By Connection Type
On-Grid
Off-Grid
By Ownership
Customer-Owned
Third-Party-Owned
Utility-Owned
By Energy Capacity
Below 100 MWh
Between 100 and 500 MWh
Above 500 MWh
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Battery Energy Storage Systems for Smart Grid Market Key Players
The key participating players of the global battery energy storage systems for smart grid market include ABB Ltd. LG Chem Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., Siemens AG, General Electric, Hitachi, Ltd., Tesla, Inc., Toshiba Corporation, AEG Power Solutions among others.
Reports & Insights Overview on Battery Energy Storage Systems for Smart Grid Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the battery energy storage systems for smart grid market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Battery Energy Storage Systems for Smart Grid
Advantages of Battery Energy Storage Systems for Smart Grid
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment where one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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| Base Year: | 2020 | Forecast Period: | 2021-2028 |
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| Key Players: |
The key participating players of the global battery energy storage systems for smart grid market include ABB Ltd. LG Chem Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., Siemens AG, General Electric, Hitachi, Ltd., Tesla, Inc., Toshiba Corporation, AEG Power Solutions among others |
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| Market Size: | USD XXXX Mn | CAGR: | X.X% |
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1. Global Battery Energy Storage Systems for Smart Grid Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Battery Energy Storage Systems for Smart Grid Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Battery Energy Storage Systems for Smart Grid Market Snapshot
2.4. Global Battery Energy Storage Systems for Smart Grid Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Battery Energy Storage Systems for Smart Grid Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
2.8. PEST Analysis
2.9. Pricing Analysis
3. Battery Energy Storage Systems for Smart Grid Assessment and Analysis
3.1. Battery Energy Storage Systems for Smart Grid Impact Analysis
3.2. Battery Energy Storage Systems for Smart Grid Technology Analysis
3.3. Battery Energy Storage Systems for Smart Grid Feature Analysis
4. Covid-19 Impact on Battery Energy Storage Systems for Smart Grid Market
4.1. Impact Analysis of Covid-19 on the global Battery Energy Storage Systems for Smart Grid market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Volatility In Price
4.5. Effect On The Overall Trade
4.6. Market Impact Analysis In 2020 (Quarter Wise)
5. Global Battery Energy Storage Systems for Smart Grid Market, By Element
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Element
5.1.2. BPS Analysis, By Element
5.2. Market Revenue (US$Mn) and Forecast, By Element
5.2.1. Battery
5.2.2. Power conversion system
5.2.3. Battery management system
5.2.4. Others
5.3. Global Battery Energy Storage Systems for Smart Grid Market Attractiveness Index, By Element
6. Global Battery Energy Storage Systems for Smart Grid Market, By Application
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Application
6.1.2. BPS Analysis, By Application
6.2. Market Revenue (US$Mn) and Forecast, By Application
6.2.1. Residential
6.2.2. Commercial & Industrial
6.2.3. Utilities
6.3. Global Battery Energy Storage Systems for Smart Grid Market Attractiveness Index, By Application
7. Global Battery Energy Storage Systems for Smart Grid Market, By Battery Type
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Battery Type
7.1.2. BPS Analysis, By Battery Type
7.2. Market Revenue (US$Mn) and Forecast, By Battery Type
7.2.1. Lithium-Ion
7.2.2. Flow Batteries
7.2.3. Lead Acid Batteries
7.2.4. Others
7.3. Global Battery Energy Storage Systems for Smart Grid Market Attractiveness Index, By Battery Type
8. Global Battery Energy Storage Systems for Smart Grid Market, By Connection Type
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Connection Type
8.1.2. BPS Analysis, By Connection Type
8.2. Market Revenue (US$Mn) and Forecast, By Connection Type
8.2.1. On-Grid
8.2.2. Off-Grid
8.3. Global Battery Energy Storage Systems for Smart Grid Market Attractiveness Index, By Connection Type
9. Global Battery Energy Storage Systems for Smart Grid Market, By Ownership
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Ownership
9.1.2. BPS Analysis, By Ownership
9.2. Market Revenue (US$Mn) and Forecast, By Ownership
9.2.1. Customer-Owned
9.2.2. Third-Party-Owned
9.2.3. Utility-Owned
9.3. Global Battery Energy Storage Systems for Smart Grid Market Attractiveness Index, By Ownership
10. Global Battery Energy Storage Systems for Smart Grid Market, By Energy Capacity
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Energy Capacity
10.1.2. BPS Analysis, By Energy Capacity
10.2. Market Revenue (US$Mn) and Forecast, By Energy Capacity
10.2.1. Below 100 MWh
10.2.2. Between 100 and 500 MWh
10.2.3. Above 500 MWh
10.3. Global Battery Energy Storage Systems for Smart Grid Market Attractiveness Index, By Energy Capacity
11. Global Battery Energy Storage Systems for Smart Grid Market, By Region
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Region
11.1.2. BPS Analysis, By Region
11.2. Market Revenue (US$Mn) and Forecast, By Region
11.2.1. North America
11.2.2. Latin America
11.2.3. Europe
11.2.4. Asia Pacific
11.2.5. Middle East
11.2.6. Africa
11.3. Global Battery Energy Storage Systems for Smart Grid Market Attractiveness Index, By Region
12. North America Battery Energy Storage Systems for Smart Grid Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market Revenue (US$Mn) and Forecast, By Country
12.2.1. U.S. Battery Energy Storage Systems for Smart Grid Market
12.2.2. Canada Battery Energy Storage Systems for Smart Grid Market
12.3. North America Battery Energy Storage Systems for Smart Grid Market, By Element
12.3.1. Battery
12.3.2. Power conversion system
12.3.3. Battery management system
12.3.4. Others
12.4. North America Battery Energy Storage Systems for Smart Grid Market, By Application
12.4.1. Residential
12.4.2. Commercial & Industrial
12.4.3. Utilities
12.5. North America Battery Energy Storage Systems for Smart Grid Market, By Battery Type
12.5.1. Lithium-Ion
12.5.2. Flow Batteries
12.5.3. Lead Acid Batteries
12.5.4. Others
12.6. North America Battery Energy Storage Systems for Smart Grid Market, By Connection Type
12.6.1. On-Grid
12.6.2. Off-Grid
12.7. North America Battery Energy Storage Systems for Smart Grid Market, By Ownership
12.7.1. Customer-Owned
12.7.2. Third-Party-Owned
12.7.3. Utility-Owned
12.8. North America Battery Energy Storage Systems for Smart Grid Market, By Energy Capacity
12.8.1. Below 100 MWh
12.8.2. Between 100 and 500 MWh
12.8.3. Above 500 MWh
12.9. North America Battery Energy Storage Systems for Smart Grid Market Attractiveness Index
12.9.1. By Country
12.9.2. By Element
12.9.3. By Application
12.9.4. By Battery Type
12.9.5. By Connection Type
12.9.6. By Ownership
12.9.7. By Energy Capacity
13. Latin America Battery Energy Storage Systems for Smart Grid Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. Brazil Battery Energy Storage Systems for Smart Grid Market
13.2.2. Mexico Battery Energy Storage Systems for Smart Grid Market
13.2.3. Rest Of Latin America Battery Energy Storage Systems for Smart Grid Market
13.3. Latin America Battery Energy Storage Systems for Smart Grid Market, By Element
13.3.1. Battery
13.3.2. Power conversion system
13.3.3. Battery management system
13.3.4. Others
13.4. Latin America Battery Energy Storage Systems for Smart Grid Market, By Application
13.4.1. Residential
13.4.2. Commercial & Industrial
13.4.3. Utilities
13.5. Latin America Battery Energy Storage Systems for Smart Grid Market, By Battery Type
13.5.1. Lithium-Ion
13.5.2. Flow Batteries
13.5.3. Lead Acid Batteries
13.5.4. Others
13.6. Latin America Battery Energy Storage Systems for Smart Grid Market, By Connection Type
13.6.1. On-Grid
13.6.2. Off-Grid
13.7. Latin America Battery Energy Storage Systems for Smart Grid Market, By Ownership
13.7.1. Customer-Owned
13.7.2. Third-Party-Owned
13.7.3. Utility-Owned
13.8. Latin America Battery Energy Storage Systems for Smart Grid Market, By Energy Capacity
13.8.1. Below 100 MWh
13.8.2. Between 100 and 500 MWh
13.8.3. Above 500 MWh
13.9. Latin America Battery Energy Storage Systems for Smart Grid Market Attractiveness Index
13.9.1. By Country
13.9.2. By Element
13.9.3. By Application
13.9.4. By Battery Type
13.9.5. By Connection Type
13.9.6. By Ownership
13.9.7. By Energy Capacity
14. Europe Battery Energy Storage Systems for Smart Grid Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. U.K. Battery Energy Storage Systems for Smart Grid Market
14.2.2. Germany Battery Energy Storage Systems for Smart Grid Market
14.2.3. Italy Battery Energy Storage Systems for Smart Grid Market
14.2.4. France Battery Energy Storage Systems for Smart Grid Market
14.2.5. Spain Battery Energy Storage Systems for Smart Grid Market
14.2.6. Russia Battery Energy Storage Systems for Smart Grid Market
14.2.7. Poland Battery Energy Storage Systems for Smart Grid Market
14.2.8. NORDIC Battery Energy Storage Systems for Smart Grid Market
14.2.9. BENELUX Battery Energy Storage Systems for Smart Grid Market
14.2.10. Rest Of Europe Battery Energy Storage Systems for Smart Grid Market
14.3. Europe Battery Energy Storage Systems for Smart Grid Market, By Element
14.3.1. Battery
14.3.2. Power conversion system
14.3.3. Battery management system
14.3.4. Others
14.4. Europe Battery Energy Storage Systems for Smart Grid Market, By Application
14.4.1. Residential
14.4.2. Commercial & Industrial
14.4.3. Utilities
14.5. Europe Battery Energy Storage Systems for Smart Grid Market, By Battery Type
14.5.1. Lithium-Ion
14.5.2. Flow Batteries
14.5.3. Lead Acid Batteries
14.5.4. Others
14.6. Europe Battery Energy Storage Systems for Smart Grid Market, By Connection Type
14.6.1. On-Grid
14.6.2. Off-Grid
14.7. Europe Battery Energy Storage Systems for Smart Grid Market, By Ownership
14.7.1. Customer-Owned
14.7.2. Third-Party-Owned
14.7.3. Utility-Owned
14.8. Europe Battery Energy Storage Systems for Smart Grid Market, By Energy Capacity
14.8.1. Below 100 MWh
14.8.2. Between 100 and 500 MWh
14.8.3. Above 500 MWh
14.9. Europe Battery Energy Storage Systems for Smart Grid Market Attractiveness Index
14.9.1. By Country
14.9.2. By Element
14.9.3. By Application
14.9.4. By Battery Type
14.9.5. By Connection Type
14.9.6. By Ownership
14.9.7. By Energy Capacity
15. Asia Pacific Battery Energy Storage Systems for Smart Grid Market Analysis and Forecast, 2020–2028
15.1. Introduction
15.1.1. Annual Growth Rate Comparison, By Country
15.1.2. BPS Analysis, By Country
15.2. Market (US$Mn) Forecast, By Country
15.2.1. China Battery Energy Storage Systems for Smart Grid Market
15.2.2. India Battery Energy Storage Systems for Smart Grid Market
15.2.3. Japan Battery Energy Storage Systems for Smart Grid Market
15.2.4. Australia and New Zealand Battery Energy Storage Systems for Smart Grid Market
15.2.5. South Korea Battery Energy Storage Systems for Smart Grid Market
15.2.6. Rest of Asia Pacific Battery Energy Storage Systems for Smart Grid Market
15.3. Asia Pacific Battery Energy Storage Systems for Smart Grid Market, By Element
15.3.1. Battery
15.3.2. Power conversion system
15.3.3. Battery management system
15.3.4. Others
15.4. Asia Pacific Battery Energy Storage Systems for Smart Grid Market, By Application
15.4.1. Residential
15.4.2. Commercial & Industrial
15.4.3. Utilities
15.5. Asia Pacific Battery Energy Storage Systems for Smart Grid Market, By Battery Type
15.5.1. Lithium-Ion
15.5.2. Flow Batteries
15.5.3. Lead Acid Batteries
15.5.4. Others
15.6. Asia Pacific Battery Energy Storage Systems for Smart Grid Market, By Connection Type
15.6.1. On-Grid
15.6.2. Off-Grid
15.7. Asia Pacific Battery Energy Storage Systems for Smart Grid Market, By Ownership
15.7.1. Customer-Owned
15.7.2. Third-Party-Owned
15.7.3. Utility-Owned
15.8. Asia Pacific Battery Energy Storage Systems for Smart Grid Market, By Energy Capacity
15.8.1. Below 100 MWh
15.8.2. Between 100 and 500 MWh
15.8.3. Above 500 MWh
15.9. Asia Pacific Battery Energy Storage Systems for Smart Grid Market Attractiveness Index
15.9.1. By Country
15.9.2. By Element
15.9.3. By Application
15.9.4. By Battery Type
15.9.5. By Connection Type
15.9.6. By Ownership
15.9.7. By Energy Capacity
16. Middle East Battery Energy Storage Systems for Smart Grid Market Analysis and Forecast, 2020–2028
16.1. Introduction
16.1.1. Annual Growth Rate Comparison, By Country
16.1.2. BPS Analysis, By Country
16.2. Market (US$Mn) Forecast, By Country
16.2.1. GCC Countries Battery Energy Storage Systems for Smart Grid Market
16.2.2. Israel Battery Energy Storage Systems for Smart Grid Market
16.2.3. Rest Of Middle East Battery Energy Storage Systems for Smart Grid Market
16.3. Middle East Battery Energy Storage Systems for Smart Grid Market, By Element
16.3.1. Battery
16.3.2. Power conversion system
16.3.3. Battery management system
16.3.4. Others
16.4. Middle East Battery Energy Storage Systems for Smart Grid Market, By Application
16.4.1. Residential
16.4.2. Commercial & Industrial
16.4.3. Utilities
16.5. Middle East Battery Energy Storage Systems for Smart Grid Market, By Battery Type
16.5.1. Lithium-Ion
16.5.2. Flow Batteries
16.5.3. Lead Acid Batteries
16.5.4. Others
16.6. Middle East Battery Energy Storage Systems for Smart Grid Market, By Connection Type
16.6.1. On-Grid
16.6.2. Off-Grid
16.7. Middle East Battery Energy Storage Systems for Smart Grid Market, By Ownership
16.7.1. Customer-Owned
16.7.2. Third-Party-Owned
16.7.3. Utility-Owned
16.8. Middle East Battery Energy Storage Systems for Smart Grid Market, By Energy Capacity
16.8.1. Below 100 MWh
16.8.2. Between 100 and 500 MWh
16.8.3. Above 500 MWh
16.9. Middle East Battery Energy Storage Systems for Smart Grid Market Attractiveness Index
16.9.1. By Country
16.9.2. By Element
16.9.3. By Application
16.9.4. By Battery Type
16.9.5. By Connection Type
16.9.6. By Ownership
16.9.7. By Energy Capacity
17. Africa Battery Energy Storage Systems for Smart Grid Market Analysis and Forecast, 2020–2028
17.1. Introduction
17.1.1. Annual Growth Rate Comparison, By Country
17.1.2. BPS Analysis, By Country
17.2. Market (US$Mn) Forecast, By Country
17.2.1. South Africa Countries Battery Energy Storage Systems for Smart Grid Market
17.2.2. Egypt Battery Energy Storage Systems for Smart Grid Market
17.2.3. North Africa Battery Energy Storage Systems for Smart Grid Market
17.2.4. Rest of Africa Battery Energy Storage Systems for Smart Grid Market
17.3. Africa Battery Energy Storage Systems for Smart Grid Market, By Element
17.3.1. Battery
17.3.2. Power conversion system
17.3.3. Battery management system
17.3.4. Others
17.4. Africa Battery Energy Storage Systems for Smart Grid Market, By Application
17.4.1. Residential
17.4.2. Commercial & Industrial
17.4.3. Utilities
17.5. Africa Battery Energy Storage Systems for Smart Grid Market, By Battery Type
17.5.1. Lithium-Ion
17.5.2. Flow Batteries
17.5.3. Lead Acid Batteries
17.5.4. Others
17.6. Africa Battery Energy Storage Systems for Smart Grid Market, By Connection Type
17.6.1. On-Grid
17.6.2. Off-Grid
17.7. Africa Battery Energy Storage Systems for Smart Grid Market, By Ownership
17.7.1. Customer-Owned
17.7.2. Third-Party-Owned
17.7.3. Utility-Owned
17.8. Africa Battery Energy Storage Systems for Smart Grid Market, By Energy Capacity
17.8.1. Below 100 MWh
17.8.2. Between 100 and 500 MWh
17.8.3. Above 500 MWh
17.9. Africa Battery Energy Storage Systems for Smart Grid Market Attractiveness Index
17.9.1. By Country
17.9.2. By Element
17.9.3. By Application
17.9.4. By Battery Type
17.9.5. By Connection Type
17.9.6. By Ownership
17.9.7. By Energy Capacity
18. Competitive Landscape
18.1. Competition Dashboard
18.2. Company Share Analysis
18.2.1.1. Market Analysis by Tier of Companies
18.2.1.2. Market Share Analysis of Top Players
18.2.2. Market Presence Analysis
18.2.2.1. Regional Footprint of Players
18.2.2.2. Product Footprint by Players
18.2.2.3. Channel Footprint by Players
18.3. Company Profiles
18.3.1. ABB Ltd.
18.3.1.1. Company overview
18.3.1.2. Financial overview
18.3.1.3. Key developments
18.3.1.4. Swot analysis
18.3.1.5. Strategies
18.3.1.6. Product analysis
18.3.2. LG Chem Ltd
18.3.3. Panasonic Corporation
18.3.4. Samsung SDI Co., Ltd.
18.3.5. Siemens AG
18.3.6. General Electric
18.3.7. Hitachi, Ltd.
18.3.8. Tesla, Inc.
18.3.9. Toshiba Corporation
18.3.10. AEG Power Solutions
19. Acronyms
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Frequently Asked Questions
The battery energy storage systems for smart grid market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in battery energy storage systems for smart grid market.
The global battery energy storage systems for smart grid market is segmented on the basis of element, application, battery type, connection type, ownership, energy capacity, and region
The key participating players of the global battery energy storage systems for smart grid market include ABB Ltd. LG Chem Ltd., Panasonic Corporation, Samsung SDI Co., Ltd., Siemens AG, General Electric, Hitachi, Ltd., Tesla, Inc., Toshiba Corporation, AEG Power Solutions among others.
