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The grid-scale battery market is forecasted to grow by USD 15.47 billion during 2024-2029, accelerating at a CAGR of 21.6% during the forecast period. The report on the grid-scale battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for esss from utilities, increasing government incentives and policies, and rising urbanization and electricity demand.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The grid-scale battery market is segmented as below:
By Application
- Ancillary services
- Renewable integration
- Others
By Battery Type
- Lithium-based
- Lead-acid
- Others
By Ownership
- Utility
- Third-party
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the grid-scale battery market covers the following areas:
- Grid-Scale Battery Market sizing
- Grid-Scale Battery Market forecast
- Grid-Scale Battery Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Battery Type
10 Market Segmentation by Ownership
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global grid-scale battery market: ABB Ltd., BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., General Electric Co., GS Yuasa International Ltd., Hitachi Ltd., Innolith Science and Technology GmbH, Leclanche SA, LG Corp., NEC Corp., NGK Insulators Ltd, Panasonic Holdings Corp., Powin Inc., Samsung SDI Co. Ltd., Siemens AG, SolarEdge Technologies Inc., Sumitomo Electric Industries Ltd., Tesla Inc., Toshiba Corp., and TotalEnergies SE.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is declining costs of battery storage systems."
According to the report, one of the major drivers for this market is the growing demand for esss from utilities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- BYD Co. Ltd.
- Contemporary Amperex Technology Co. Ltd.
- General Electric Co.
- GS Yuasa International Ltd.
- Hitachi Ltd.
- Innolith Science and Technology GmbH
- Leclanche SA
- LG Corp.
- NEC Corp.
- NGK Insulators Ltd
- Panasonic Holdings Corp.
- Powin Inc.
- Samsung SDI Co. Ltd.
- Siemens AG
- SolarEdge Technologies Inc.
- Sumitomo Electric Industries Ltd.
- Tesla Inc.
- Toshiba Corp.
- TotalEnergies SE
