Grid Scale Stationary Battery Storage Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Grid Scale Stationary Battery Storage Market: By Grid Service (Frequency Regulation, Flexible Ramping, Black Start Services, Energy Shifting and Capacity Deferral, Transmission and Distribution Congestion Relief, Capacity Firming, Reduced RE Curtailment, Reduced Reliance on Diesel Gensets), By Battery Type (Lithium Ion, Sodium Sulphur, Lead Acid, Flow Battery) and Geography

 

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Report

Description

Grid Scale Stationary Battery Storage Market size is estimated to be valued at USD 10,376.3 Million in 2021 and is poised to grow at a significant CAGR of 12.5% over 2022-2028. The battery storage system is vital in generating a relentless and steady power supply. It also involves one of the most important solutions for integrating effective share of wind and solar renewable in power systems worldwide. They have applications in various industries delivering exceptional connectivity and energy storage. High capacities batteries are installed as a backup source to provide stability to the electrical grade and the supply power during power failure and outage. Increasing renewable sources’ usage worldwide and strengthening government policy to lower carbon emissions will propel product adoption during the forecast period. Based on the battery type, the global grid-scale stationary battery storage market is segmented into Lithium Ion, Sodium Sulphur, Lead Acid, and Flow Battery. The lithium-ion batteries segment is anticipated to grow due to the higher adoption in the renewable energy sector and plug-in vehicles. Moreover, advancement in lithium-ion batteries, which has increased the focus on R&D and the growing adoption of lithium-ion batteries in various new applications due to the decline in prices, is also anticipated to drive the market’s growth shortly. Moreover, the market players are focusing on launching new products, acquisitions, and collaborations to maintain growth in the market. For instance, In February 2022, Panasonic Holdings Corporation will establish a production facility in Wakayama Factory in western Japan to manufacture new “4680” lithium-ion batteries for electric vehicle to expand its business globally. Productivity verification and mass production are likely to begin from the end of the fiscal year 2024. Growing efforts to offer uninterrupted power supply during power outages and increased clean energy system integration, such as wind and solar, for network synchronization will likely create enough development opportunities for the stationary energy storage industry. Furthermore, growing awareness of environmental deterioration and climate change are anticipated to drive the growth of the stationary energy storage market in the future years.

 

Key Developments:

In April 2017, –LG Chem Ltd., a global leader in lithium-ion batteries for automotive, stationery, and consumer applications, formally launched its range of award-winning residential battery systems in the North American market.

In Jun 2022, Basquevolt is focusing on the production of 10GWh of solid-state batteries for electric transport, stationary energy storage, and other applications by 2027.

Grid Scale Stationary Battery Storage Market

MARKET SUMMARY
-
12.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 12.5%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Grid Scale Stationary Battery Storage Market

  • The grid-scale stationary battery storage market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The grid-scale stationary battery storage market is segmented based on grid service, battery type and geography.
Key Players
  • GS Yuasa Corp.
  • Johnson Controls, Inc.
  • Exide Technologies, Inc.
  • Enersys, Inc.
  • Northstar Battery Company LLC
Grid Scale Stationary Battery Storage Market Dynamics

Increased environmental degradation and climate change awareness are projected to drive the development of the stationary energy storage market in the future years. However, the world economy has been seriously harmed by an unanticipated pandemic of the new coronavirus, which has had a significant impact on the global market. The pandemic has caused considerable delays in a wide range of projects, including renewable integration and energy storage, due to widespread disruption in supply chains and a scarcity of staff, weighing heavily on total market growth. Moreover, government initiatives for renewable energy are propelling market growth. For instance, the government of India has come up with an ambitious plan to deliver 450 GW of renewables by 2030, committing to generate 40% power from clean energy sources by 2032.


Global Got Significant Share

Grid Scale Stationary Battery Storage Market

The Grid Scale Stationary Battery Storage market in the Asia Pacific is likely to hold the significant revenue share in 2021, and the same trend is expected over the forecast period due the global market for stationary energy storage has been driven by the trend of switching from conventional power generation to clean and green sources of energy. Moreover, rapid growth in battery recycling programs across the USA also surge the growth of market over the forecast years. For instance, in august 2022, The US government Department of Energy (DOE) has begun the implementation of a US$335 million program to support battery recycling.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Grid Scale Stationary Battery Storage Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The grid-scale stationary battery storage market is projected to expand at a CAGR of 12.5% during the forecast period

GS Yuasa Corp., Johnson Controls, Inc., Exide Technologies, Inc., Enersys, Inc., Northstar Battery Company LLC, C&D Technologies, Inc., Robert Bosch GmbH, Saft Groupe S.A., East Penn Manufacturing Co.

 

Global is the fastest-growing region for grid-scale stationary battery storage market


Report

Company Profile

  • GS Yuasa Corp.
  • Johnson Controls, Inc.
  • Exide Technologies, Inc.
  • Enersys, Inc.
  • Northstar Battery Company LLC
  • C&D Technologies, Inc.
  • Robert Bosch GmbH
  • Saft Groupe S.A.
  • East Penn Manufacturing Co.

Description

Grid Scale Stationary Battery Storage Market size is estimated to be valued at USD 10,376.3 Million in 2021 and is poised to grow at a significant CAGR of 12.5% over 2022-2028. The battery storage system is vital in generating a relentless and steady power supply. It also involves one of the most important solutions for integrating effective share of wind and solar renewable in power systems worldwide. They have applications in various industries delivering exceptional connectivity and energy storage. High capacities batteries are installed as a backup source to provide stability to the electrical grade and the supply power during power failure and outage. Increasing renewable sources’ usage worldwide and strengthening government policy to lower carbon emissions will propel product adoption during the forecast period. Based on the battery type, the global grid-scale stationary battery storage market is segmented into Lithium Ion, Sodium Sulphur, Lead Acid, and Flow Battery. The lithium-ion batteries segment is anticipated to grow due to the higher adoption in the renewable energy sector and plug-in vehicles. Moreover, advancement in lithium-ion batteries, which has increased the focus on R&D and the growing adoption of lithium-ion batteries in various new applications due to the decline in prices, is also anticipated to drive the market’s growth shortly. Moreover, the market players are focusing on launching new products, acquisitions, and collaborations to maintain growth in the market. For instance, In February 2022, Panasonic Holdings Corporation will establish a production facility in Wakayama Factory in western Japan to manufacture new “4680” lithium-ion batteries for electric vehicle to expand its business globally. Productivity verification and mass production are likely to begin from the end of the fiscal year 2024. Growing efforts to offer uninterrupted power supply during power outages and increased clean energy system integration, such as wind and solar, for network synchronization will likely create enough development opportunities for the stationary energy storage industry. Furthermore, growing awareness of environmental deterioration and climate change are anticipated to drive the growth of the stationary energy storage market in the future years.

 

Key Developments:

In April 2017, –LG Chem Ltd., a global leader in lithium-ion batteries for automotive, stationery, and consumer applications, formally launched its range of award-winning residential battery systems in the North American market.

In Jun 2022, Basquevolt is focusing on the production of 10GWh of solid-state batteries for electric transport, stationary energy storage, and other applications by 2027.

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