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Grid-Scale Battery Storage Market Report 2024

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    Report

  • 175 Pages
  • December 2024
  • Region: Global
  • The Business Research Company
  • ID: 6031617
This Grid-scale Battery Storage market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The grid-scale battery storage market size has grown exponentially in recent years. It will grow from $5.73 billion in 2023 to $7.51 billion in 2024 at a compound annual growth rate (CAGR) of 31%. The growth observed during the historical period can be attributed to rising energy consumption, the retirement of fossil fuel plants, a heightened emphasis on energy independence and resilience, corporate sustainability objectives, and regulatory support for ancillary services.

The grid-scale battery storage market size is expected to see exponential growth in the next few years. It will grow to $22.22 billion in 2028 at a compound annual growth rate (CAGR) of 31.1%. The anticipated growth in the forecast period can be attributed to the development of hydrogen energy storage, advancements in alternative battery technologies, integration of electric vehicles, decarbonization policies, and increased penetration of renewable energy sources. Key trends expected during this period include a focus on sustainability and recycling, growing interest in virtual power plants, heightened utilization of artificial intelligence, the emergence of hybrid renewable energy systems, and expansion in long-duration energy storage solutions.

The growing demand for renewable energy is anticipated to drive the expansion of the grid-scale battery storage market in the coming years. Renewable energy encompasses energy derived from natural sources that are continuously replenished, such as sunlight, wind, and geothermal heat. This increase in demand is primarily fueled by the urgency to combat climate change, minimize environmental impact, and bolster energy security and sustainability. Grid-scale battery storage plays a crucial role in renewable energy by storing excess energy generated from sources such as solar and wind, ensuring a reliable power supply when production is low or demand is high. For instance, in March 2024, the European Environment Agency, a Denmark-based government agency, reported that renewable sources accounted for 23% of the energy consumed in the EU in 2022, up from 21.9% in 2021. Thus, the rising demand for renewable energy is significantly propelling the growth of the grid-scale battery storage market.

Prominent companies in the grid-scale battery storage market are concentrating on developing innovative solutions, such as energy storage systems, aimed at enhancing energy density and efficiency while ensuring zero degradation for both power and capacity. Energy storage systems are technologies designed to capture and store energy for later use, effectively balancing supply and demand to improve efficiency and reliability. For example, in April 2024, Contemporary Amperex Technology Co. (CATL), a China-based battery manufacturer, launched the TENER energy storage product. TENER is tailored for large-scale applications and features high energy density along with an extended cycle life. By utilizing advanced lithium-ion technology, it ensures enhanced safety and efficiency, while its modular design allows for flexible scalability to meet varying grid demands. Additionally, TENER is engineered to deliver strong performance in extreme temperatures, ensuring reliable operation under diverse environmental conditions.

In September 2022, Powin Energy Corporation, a US-based provider of energy storage systems, acquired EKS Energy for an undisclosed sum. This acquisition enhances Powin Energy Corporation's capabilities by providing improved control and optimization of energy storage systems. By integrating EKS Energy’s advanced power conversion technologies, Powin is positioned to offer more efficient and scalable energy storage solutions, thereby enhancing grid performance and facilitating the integration of renewable energy. EKS Energy is a Spain-based provider specializing in grid-scale battery storage.

Major companies operating in the grid-scale battery storage market are E.ON SE, The General Electric Company, BYD Company Ltd., Mitsubishi Electric, ABB Ltd., Johnson Controls International PLC, Pacific Gas and Electric, NextEra Energy, Samsung SDI Co. Ltd., Xcel Energy Inc., Sungrow Power Supply Co. Ltd., EnerSys, AES Corporation, Fluence Energy Inc., RES Group, Northvolt AB, EDP Renewables, Saft Groupe S.A., Stem Inc., NEC Energy Solutions, Contemporary Amperex Technology Co. Limited, Eos Energy Enterprises, LG Energy Solution, Narada Power Source Co. Ltd., ESS Inc.

North America was the largest region in the grid-scale battery storage market in 2023. The regions covered in the grid-scale battery storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the grid-scale battery storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Grid-scale battery storage refers to large-scale energy storage systems designed for utility and grid management. These systems play a crucial role in balancing supply and demand, providing backup power, and enhancing the stability and reliability of the electricity grid. Typically deployed by utilities or energy providers, they support renewable energy integration, facilitate peak shaving, and offer grid services such as frequency regulation.

The primary types of grid-scale battery storage include lithium-ion batteries, sodium-based batteries, flow batteries, advanced lead-acid batteries, solid-state batteries, nickel-based batteries, fuel cells, and others. Lithium-ion batteries are defined as energy storage devices that operate by transferring lithium ions between positive and negative electrodes to store and release energy. They come in various capacities - small, medium, and large - and are available under both public and private ownership models. Their applications span across industrial, residential, commercial, utility, renewable integration, microgrids, and electric vehicles.

The grid-scale battery storage market research report is one of a series of new reports that provides grid-scale battery storage market statistics, including grid-scale battery storage industry global market size, regional shares, competitors with a grid-scale battery storage market share, detailed grid-scale battery storage market segments, market trends and opportunities, and any further data you may need to thrive in the grid-scale battery storage industry. This grid-scale battery storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The grid-scale battery storage market consists of sales of metal-air batteries, thermal energy storage, and supercapacitors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Grid-scale Battery Storage Market Characteristics3. Grid-scale Battery Storage Market Trends and Strategies
4. Grid-scale Battery Storage Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Grid-scale Battery Storage Market Size and Growth
5.1. Global Grid-scale Battery Storage Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Grid-scale Battery Storage Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Grid-scale Battery Storage Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Grid-scale Battery Storage Market Segmentation
6.1. Global Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Lithium-Ion Batteries
  • Sodium-Based Batteries
  • Flow Batteries
  • Advanced Lead Acid Batteries
  • Solid State Batteries
  • Nickel-based Batteries
  • Fuel Cells
  • Other Types
6.2. Global Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Small
  • Medium
  • Large
6.3. Global Grid-scale Battery Storage Market, Segmentation by Ownership Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Public
  • Private
6.4. Global Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Industrial
  • Residential
  • Commercial
  • Utility
  • Renewable Integration
  • Microgrids
  • Electric Vehicles
7. Grid-scale Battery Storage Market Regional and Country Analysis
7.1. Global Grid-scale Battery Storage Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Grid-scale Battery Storage Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Grid-scale Battery Storage Market
8.1. Asia-Pacific Grid-scale Battery Storage Market Overview
(Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Grid-scale Battery Storage Market
9.1. China Grid-scale Battery Storage Market Overview
9.2. China Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Grid-scale Battery Storage Market
10.1. India Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Grid-scale Battery Storage Market
11.1. Japan Grid-scale Battery Storage Market Overview
11.2. Japan Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Grid-scale Battery Storage Market
12.1. Australia Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Grid-scale Battery Storage Market
13.1. Indonesia Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Grid-scale Battery Storage Market
14.1. South Korea Grid-scale Battery Storage Market Overview
14.2. South Korea Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Grid-scale Battery Storage Market
15.1. Western Europe Grid-scale Battery Storage Market Overview
15.2. Western Europe Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Grid-scale Battery Storage Market
16.1. UK Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Grid-scale Battery Storage Market
17.1. Germany Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Grid-scale Battery Storage Market
18.1. France Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Grid-scale Battery Storage Market
19.1. Italy Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Grid-scale Battery Storage Market
20.1. Spain Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Grid-scale Battery Storage Market
21.1. Eastern Europe Grid-scale Battery Storage Market Overview
21.2. Eastern Europe Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Grid-scale Battery Storage Market
22.1. Russia Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Grid-scale Battery Storage Market
23.1. North America Grid-scale Battery Storage Market Overview
23.2. North America Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Grid-scale Battery Storage Market
24.1. USA Grid-scale Battery Storage Market Overview
24.2. USA Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Grid-scale Battery Storage Market
25.1. Canada Grid-scale Battery Storage Market Overview
25.2. Canada Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Grid-scale Battery Storage Market
26.1. South America Grid-scale Battery Storage Market Overview
26.2. South America Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Grid-scale Battery Storage Market
27.1. Brazil Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Grid-scale Battery Storage Market
28.1. Middle East Grid-scale Battery Storage Market Overview
28.2. Middle East Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Grid-scale Battery Storage Market
29.1. Africa Grid-scale Battery Storage Market Overview
29.2. Africa Grid-scale Battery Storage Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Grid-scale Battery Storage Market, Segmentation by Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Grid-scale Battery Storage Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Grid-scale Battery Storage Market Competitive Landscape and Company Profiles
30.1. Grid-scale Battery Storage Market Competitive Landscape
30.2. Grid-scale Battery Storage Market Company Profiles
30.2.1. E.oN SE
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. the General Electric Company
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. BYD Company Ltd.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Mitsubishi Electric
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. ABB Ltd.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Grid-scale Battery Storage Market Other Major and Innovative Companies
31.1. Johnson Controls International PLC
31.2. Pacific Gas and Electric
31.3. NextEra Energy
31.4. Samsung SDI Co. Ltd.
31.5. Xcel Energy Inc.
31.6. Sungrow Power Supply Co. Ltd.
31.7. EnerSys
31.8. AES Corporation
31.9. Fluence Energy Inc.
31.10. RES Group
31.11. Northvolt AB
31.12. EDP Renewables
31.13. Saft Groupe S.a.
31.14. Stem Inc.
31.15. NEC Energy Solutions
32. Global Grid-scale Battery Storage Market Competitive Benchmarking33. Global Grid-scale Battery Storage Market Competitive Dashboard34. Key Mergers and Acquisitions in the Grid-scale Battery Storage Market
35. Grid-scale Battery Storage Market Future Outlook and Potential Analysis
35.1 Grid-scale Battery Storage Market in 2028 - Countries Offering Most New Opportunities
35.2 Grid-scale Battery Storage Market in 2028 - Segments Offering Most New Opportunities
35.3 Grid-scale Battery Storage Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Grid-scale Battery Storage Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on grid-scale battery storage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for grid-scale battery storage? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The grid-scale battery storage market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • the market characteristics section of the report defines and explains the market.
  • the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • the forecasts are made after considering the major factors currently impacting the market. These include:
  • the impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • the impact of higher inflation in many countries and the resulting spike in interest rates.
  • the continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) by Type: Lithium-Ion Batteries; Sodium-Based Batteries; Flow Batteries; Advanced Lead Acid Batteries; Solid State Batteries; Nickel-based Batteries; Fuel Cells; Other Types
2) by Capacity: Small; Medium; Large
3) by Ownership Model: Public; Private
4) by Application: Industrial; Residential; Commercial; Utility; Renewable Integration; Microgrids; Electric Vehicles

Key Companies Mentioned: E.oN SE; the General Electric Company; BYD Company Ltd.; Mitsubishi Electric; ABB Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

The major companies profiled in this Grid-Scale Battery Storage market report include:
  • E.ON SE
  • The General Electric Company
  • BYD Company Ltd.
  • Mitsubishi Electric
  • ABB Ltd.
  • Johnson Controls International PLC
  • Pacific Gas and Electric
  • NextEra Energy
  • Samsung SDI Co. Ltd.
  • Xcel Energy Inc.
  • Sungrow Power Supply Co. Ltd.
  • EnerSys
  • AES Corporation
  • Fluence Energy Inc.
  • RES Group
  • Northvolt AB
  • EDP Renewables
  • Saft Groupe S.A.
  • Stem Inc.
  • NEC Energy Solutions
  • Contemporary Amperex Technology Co. Limited
  • Eos Energy Enterprises
  • LG Energy Solution
  • Narada Power Source Co. Ltd.
  • ESS Inc.

Methodology

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