Grid Scale Stationary Battery Storage Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Battery storage is a technology that enables power system operators and utilities to store energy for later use. A battery energy storage system (BESS) is an electrochemical device that charges (or collects energy) from the grid or a power plant and then discharges that energy at a later time to provide electricity or other grid services when needed. Several battery chemistries are available or under investigation for grid-scale applications, including lithium-ion, lead-acid, redox flow, and molten salt (including sodium-based chemistries). Battery chemistries differ in key technical characteristics, and each battery has unique advantages and disadvantages.

MARKET DYNAMICS

The major driver for the grid-scale stationary battery storage market is growing deployment of the renewable energy sector coupled with favorable government initiatives to reduce carbon emissions. Also, the continuing clean energy systems integration such as solar and wind require cost-effective technologies for different networks synchronizing, which is expected to propel the market growth. In addition, growing demand for electricity supply and grid stability further boost the market outlook.

MARKET SCOPE

The ˜Global Grid-Scale Stationary Battery Storage Market' is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the grid-scale stationary battery storage market with detailed market segmentation by battery and grid-service. The global grid-scale stationary battery storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading grid-scale stationary battery storage market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

1. By Battery: The market is segmented by battery into lithium ion, sodium sulphur, lead acid, and flow battery.
2. By Grid-Service: The market is segmented into 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.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The grid-scale stationary battery storage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the grid-scale stationary battery storage market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the grid-scale stationary battery storage market in these regions.
IMPACT OF COVID 19
The results of the crises and opportunities created by this unpredictable epidemic in the future processes were evaluated according to energy and especially electrical energy storage areas. Home quarantines used to reduce the spread of the epidemic significantly increased the electrical energy needs of home users. In addition, great changes have occurred in public transportation habits during the COVID-19 pandemic, and it has been observed that approximately 20% of individuals may prefer electric micromobility devices working with lithium batteries due to the risk of infection in closed areas such as public buses or metros. Although the demand for main energy sources has decreased significantly during the COVID-19 pandemic, it is important that the percentage of energy produced from renewable energy sources increases by about 1%

MARKET PLAYERS

The report covers vital developments in the grid-scale stationary battery storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the grid-scale stationary battery storage market are anticipated to have lucrative growth opportunities in the future with the rising demand for grid-scale stationary battery storage market in the global market. Below mentioned is the list of a few companies engaged in the grid-scale stationary battery storage market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the grid-scale stationary battery storage market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

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

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Grid Scale Stationary Battery Storage Report Scope