| Product Code: ETC5623233 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Burkina Faso saw a significant increase in battery energy storage system imports in 2024, with top exporting countries being China, Germany, South Africa, USA, and India. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), the compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 22.3%. However, there was a notable decline in growth rate from 2023 to 2024 at -30.53%, indicating a potential shift in market dynamics. The import trends suggest a growing demand for energy storage solutions in Burkina Faso.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Burkina Faso Battery Energy Storage System Market Overview |
3.1 Burkina Faso Country Macro Economic Indicators |
3.2 Burkina Faso Battery Energy Storage System Market Revenues & Volume, 2021 & 2031F |
3.3 Burkina Faso Battery Energy Storage System Market - Industry Life Cycle |
3.4 Burkina Faso Battery Energy Storage System Market - Porter's Five Forces |
3.5 Burkina Faso Battery Energy Storage System Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.6 Burkina Faso Battery Energy Storage System Market Revenues & Volume Share, By Connection Type, 2021 & 2031F |
4 Burkina Faso Battery Energy Storage System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable and uninterrupted power supply in Burkina Faso |
4.2.2 Government initiatives to promote renewable energy sources and energy storage solutions |
4.2.3 Growth in off-grid electrification projects in rural areas |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with battery energy storage systems |
4.3.2 Lack of awareness and understanding about the benefits of energy storage solutions |
4.3.3 Limited access to financing options for energy storage projects |
5 Burkina Faso Battery Energy Storage System Market Trends |
6 Burkina Faso Battery Energy Storage System Market Segmentations |
6.1 Burkina Faso Battery Energy Storage System Market, By Battery Type |
6.1.1 Overview and Analysis |
6.1.2 Burkina Faso Battery Energy Storage System Market Revenues & Volume, By Lithium-Ion, 2021-2031F |
6.1.3 Burkina Faso Battery Energy Storage System Market Revenues & Volume, By Flow Batteries, 2021-2031F |
6.2 Burkina Faso Battery Energy Storage System Market, By Connection Type |
6.2.1 Overview and Analysis |
6.2.2 Burkina Faso Battery Energy Storage System Market Revenues & Volume, By On-Grid , 2021-2031F |
6.2.3 Burkina Faso Battery Energy Storage System Market Revenues & Volume, By Off-Grid, 2021-2031F |
7 Burkina Faso Battery Energy Storage System Market Import-Export Trade Statistics |
7.1 Burkina Faso Battery Energy Storage System Market Export to Major Countries |
7.2 Burkina Faso Battery Energy Storage System Market Imports from Major Countries |
8 Burkina Faso Battery Energy Storage System Market Key Performance Indicators |
8.1 Average duration of power outages in Burkina Faso |
8.2 Number of renewable energy projects integrated with battery storage systems |
8.3 Percentage of rural households with access to reliable electricity from energy storage solutions |
9 Burkina Faso Battery Energy Storage System Market - Opportunity Assessment |
9.1 Burkina Faso Battery Energy Storage System Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.2 Burkina Faso Battery Energy Storage System Market Opportunity Assessment, By Connection Type, 2021 & 2031F |
10 Burkina Faso Battery Energy Storage System Market - Competitive Landscape |
10.1 Burkina Faso Battery Energy Storage System Market Revenue Share, By Companies, 2024 |
10.2 Burkina Faso Battery Energy Storage System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |