Global grid-scale battery market is expected to reach USD 6,164.48 Million by 2025, at a CAGR of 33.81% from 2018 to 2025. The key contributing factor for the market growth are growing investments in renewable energy, dropping costs owed to technological advancements and deployment, and government aids and regulations for enhancing energy efficiency.

Market Overview: Grid-scale batteries are used to store electrical energy on a substantial scale. It is used as an alternative for the energy storage. The increasing adoption of batteries and the ongoing research and development for batteries is aimed to boost the adoption of grid-scale batteries.  For instance, in 2018, Innolith AG launched inorganic electrolyte technology. This technology was developed for improving lithium-ion batteries for grid-scale storage applications. The increase in the demand for renewable energy is one of the most prominent factor for the growth of grid-scale battery market in the future. Also government regulations and technological advancement for the rural electrification will be enhancing the energy usage need.

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Report Description:

  • The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The grid-scale battery market is analysed on value (USD Million).
  • The study delivers a comprehensive analysis of global grid-scale battery market by type, ownership-model, application, and regions
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global Grid-Scale Battery market. This report incorporates the industry analysis which is focused on providing an extensive view of the Grid-Scale Battery market.
  • The study also includes attractiveness analysis of type, ownership-model, application, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the Grid-Scale Battery market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Global Grid-Scale Battery Market Key Findings: All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. Segmentation Analysis: The grid-scale battery market is segmented on the basis of type, ownership-model, and application.

  • The type segment is divided into lithium-ion, flow battery, sodium-based, lead acid, and others. Lithium-ion segment held the largest market share of 28.47% in 2017. The lighter weight, high efficiency, high energy & power density are the major driving factors for the growth of lithium-ion batteries segment.
  • Ownership-model segment covers third-party owned and utility owned. The third-party owned segment dominated the global grid-scale battery and was valued at USD 371.19 Million in 2017. The adoption of third-party owned model and the government providing the incentives has created huge market for the third-party owned segment.
  • Application segment includes renewable integration, ancillary services, back-up power, peak shift, and others. Peak shift segment is anticipated to grow with the highest CAGR of 36.11% over the forecast period. Here, contributing factors for the popularity of peak shift are high cost-effectiveness and reduced electric utility expenses.

Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific region held the largest market share of approximately 29.64% in 2017 where as the North America region held the second dominant position in the global grid-scale battery market.

  • Increasing demand for energy and governments promoting alternative energy adoption solutions, increasing demand for renewable energy storage, decreasing cost of batteries are major factors that led to the growth of grid-scale battery market in Asia Pacific region.
  • The increasing demand in the residential, non-residential, and utility sectors for renewable energy storage, presence of major players, and adoption of technological advancement are the factors contributing to the growth of North America in the grid-scale battery market.

Global Grid-Scale Battery Market Competitive Analysis:
Key players in the grid-scale battery market are BYD Company, Panasonic, Hydrostor, LG Chem, Samsung, Tesla, ABB, Beacon Power, S&C Electric, EnerVault, General Electric, SustainX, Fluence Energy, LLC, GS Yuasa Corporation, Saft Groupe S.A., NGK Insulators, Toshiba, and among others. The LG Chem, Samsung, Panasonic, and Fluence Energy are the top leading players of the market. For instance, in 2015, Duke Energy, LG Chem and Greensmith collaborated to build a battery-based energy storage system. This system was designed to enhance reliability as well as to increase the stability of electric power grid systems.

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Global Grid-Scale Battery Market, By Type:

  • Lithium-Ion
  • Flow Battery
  • Sodium-Based
  • Lead Acid
  • Others

Global Grid-Scale Battery Market, By Ownership-Model:

  • Third-Party Owned
  • Utility Owned

Global Grid-Scale Battery Market, By Application:

  • Renewable Integration
  • Ancillary Services
  • Back-Up Power
  • Peak Shift
  • Others

Global Grid-Scale Battery Market, By Regions:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of Middle East and Africa

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