USD 12 BN Market Potential for Battery Technologies
Download PDFAs battery Technology is evolving, the Energy Storage market is growing, USD 12.1 BN of potential opportunity is opening up by 2025-27
TOP Energy Storage GROWTH STORIES
MNM helped an energy utility company and a leader in renewable powers markets in GTM to accelerate market capture through partnership in battery energy storage Market
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MNM helped a LEADING player in Energy Storage MARKET, to IDENTIFY A REVENUE OPPORTUNITY OF >USD100 MILLION IN 4–5 YEARS
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MNM helped a LEADING player in Energy Storage MARKET, to IDENTIFY A REVENUE OPPORTUNITY OF >USD100 MILLION IN 4–5 YEARS
Download PDFHERE ARE SOME OF THE OPPORTUNITIES for chemical players in Battery ENERGY STORAGE
WE HAVE ASSISTED A HOST OF CLIENTS TAP HIGH GROWTH OPPORTUNITIES ACROSS the ENERGY STORAGE VALUE CHAIN
WHY DO COMPANIES NEED HELP TO GROW?
ABSENCE OF ORIGINAL RESEARCH:
- Complex and overlapping markets for library prep and target enrichment kits, hence difficult to calculate market potential and Total Addressable Market (TAM)
- Insufficient secondary research for strategic decisions
INTELLIGENCE IS NOT DEMOCRATISED:
- Client unmet needs should be understood by all market facing employees for new product development and vendor selection
- Bleak knowledge about upcoming technologies and growing markets
GROWTH PROGRAM DESIGN AND EXECUTION:
- Lack of GTM knowledge and practice in competitive intel, pricing, and product features
SOME UNKNOWNS & ADJACENCIES
- Battery-based energy storage is growing at a significant pace. Factors such as an increasing energy density of batteries, increasing penetration of EVs, the second life of LiBs batteries as an energy storage device to give a significant boot to the energy storage market.
- Energy storage as a service to grow significantly in future. The advantage of energy storage for balancing demand–supply, avoid electric fluctuations, blackouts during peak hours, decrease environmental impact, and increase grid efficiency & stability to drive the overall market. These factors would be better quantified in future to drive the direct economic benefit from energy storage business models. AI, IOT, and Smart/Digitalization to play a key role in shaping energy storage business or energy storage as a service.
GROWTH PROBLEMS ENCOUNTERED BY Energy Storage COMPANIES
Customer prioritization and assessing unmet needs:
- What are the disruptions in our clients’ businesses? How can we support them for our own growth?
- Who are the most potential customers going forward? Which energy storage technology to be prioritized?
- What are the key unmet needs? Who are the key stakeholders in different settings?
Where to Play:
- Which end-use we should focus on?
- Which regions should we place our bets on? Should we continue with developed countries or do developing countries offer more growth opportunities?
Building a compelling Right to Win (RTW):
- For M&A, which are the right targets for us? Should we enter new markets directly or through partners?
- How can we differentiate from top players? What is their right-to-win vs. ours?
OBSTACLES TO GROWTH FOR CURRENT PLAYERS
- Not able to keep pace with fast think on the how to grow the current revenue in energy storage market—new technologies are offering decreasing cost
- Many start-ups and emerging companies eating up market share of established companies
- Limited clarity on unmet needs
- Unclear picture about the regulatory and its impact on businesses
- Will any technology be able to bring in the necessary profitability and viability?
KEY UNCERTAINTIES/ PERSPECTIVES WHICH INDUSTRY LEADERS SEEK ANSWERS TO:
KEY QUESTIONS OF Energy Storage COMPANIES
- What would be most relevant for energy storage in the next 5 years?
- How can companies optimize the manufacturing processes to be more agile and efficient to achieve a seamless workflow?
- What regulatory policies can help strategize and achieve volumetric scale-up?
- What regulatory policies can help strategize and achieve volumetric scale-up?
KEY QUESTIONS OF COMPANIES IN ADJACENT MARKETS
- What are the regulations driving this market?
- How the AI, IOT, and machine learning will impact and shape this business?
- How are companies handling machine bias?
- What will be the impact of automation on the energy storage market?
What is driving change
in your business
- Product life cycles getting shorter.
- Ecosystems getting converged.
- Newer technologies and new use-cases disrupting.
- New markets, new geographies, new clients, competition and partners.
Are changes only impacting you or your clients and their clients as well?
The trial will be a guided tour by our representative to help you discover the shift in revenue sources of your clients and clients' clients that will impact your revenue. This is your opportunity to unlock the research IP worth $100 million
REVENUE IMPACT story: for An energy utility company and a leader in renewable powers markets, we helped client in the GTM to accelerate market capture through partnership in battery energy storage Market
REVENUE IMPACT STORY: FOR A LEADING player in Energy Storage MARKET, WE HELPED THE CLIENT IDENTIFY A REVENUE OPPORTUNITY OF >USD100 MILLION IN 4–5 YEARS
REVENUE IMPACT STORY ADJACENT MARKET: MNM HELPED A MULTINATIONAL INDUSTRIAL GASES AND ENGINEERING COMPANY TO PENETRATE IN THE HYDROGEN GENERATION MARKET WORTH USD 31.4 BILLION IN EUROPE
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INDICATIVE LIST OF OTHER PROJECTS EXECUTED FOR Energy Storage COMPANIES:
- STUDY
- Battery Recycling Market
- Lithium-ion Battery Recycling Market
- Battery Energy Storage System Market
- EV Battery Market
- Battery Management System Market
- Flexible Battery Market
- Battery Additives Market
- Battery Technology Market
- Flow Battery Market
- Lithium-Ion Battery Market
- Thin Film and Printed Battery Market
- Covid-19 Impact on Renewable Energy Market
- Electrical Digital Twin Market
- Distributed Generation Market
- Energy and Utilities Analytics Market
- Energy Harvesting System Market
- Hydrogen Generation Market
- Advanced Energy Storage Systems Market
- Graphene Market
- Phase Change Material Market
- Renewable Drones Market
- Offshore Decommissioning Market
MNM helped a client analyze the attractiveness of major regions to identify the growth markets for future investment opportunities
impacting you and
your clients
Energy Storage COMPANIES
MATT KARDEL,
VICE PRESIDENT APTIV,
A global technology company that develops safer, greener and more connected solutions
We contracted with MarketsandMarkets to evaluate the value chain and potential go-to-market partners related to our interest in the Fleet Management space. The team successfully completed the work on time and at the pricing agreed. MarketsandMarkets listened and understood our objectives and collaborated well with us to help us get the visibility we needed to make an investment. We have subsequently used MarketsandMarkets again related to Smart Cities to good results.
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