Utility scale batteries are large capacity batteries which are used powered utilities. The batteries are majorly made up of lithium-ion, lead acid, flow battery, and sodium-based. The energy stored in these batteries are majorly derived from renewables such as solar energy, wind, and others. Owing increase prices of energy, the utility scale batteries market is experiencing a steady growth.
MARKET DYNAMICS
Owing to the increasing need to curtail carbon emissions across the globe the utility scale batteries market is experiencing a significant growth. However, CAPEX and OPEX is hindering the growth of utility scale batteries market. Meanwhile, various benefits in form of incentives and tax rebates offered by governments across the globe for adopting clean sources of energy is propelling the growth of the utility scale batteries market.
MARKET SCOPE
The "Utility Scale Batteries Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor with a special focus on the global market trend analysis. The report aims to provide an overview of utility scale batteries market with detailed market segmentation by type, deployment, industry vertical, and geography. The global utility scale batteries market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading utility scale batteries market players and offers key trends and opportunities in the utility scale batteries market.
MARKET SEGMENTATION
The global utility scale batteries market is segmented on the basis of battery type and application. On the basis of battery type, the market is segmented as lithium-ion, lead acid, flow battery, sodium-based, and others. On the basis of application, the market is segmented as In-front of the meter (FTM) and Behind-the-meter (BTM). On the basis of end user, the market is segmented as building, industrial, transit, and defense.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global utility scale batteries market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The utility scale batteries market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting utility scale batteries market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the utility scale batteries market in these regions.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global utility scale batteries market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The utility scale batteries market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting utility scale batteries market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the utility scale batteries market in these regions.
MARKET PLAYERS
The reports cover key developments in the utility scale batteries 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 partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from utility scale batteries market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft brakes market. Below mentioned is the list of few companies engaged in the aircraft brakes market.
The report also includes the profiles of key utility scale batteries market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- BYD Motors Inc.
- GENERAL ELECTRIC
- LG Corporation
- NGK INSULATORS, LTD.
- Panasonic Corporation
- Saft Groupe SA
- Samsung
- Tesla Inc.
- Toshiba Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Utility-Scale Batteries Market - By Battery Type
1.3.2 Utility-Scale Batteries Market - By Application
1.3.3 Utility-Scale Batteries Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. UTILITY-SCALE BATTERIES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. UTILITY-SCALE BATTERIES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. UTILITY-SCALE BATTERIES MARKET - GLOBAL MARKET ANALYSIS
6.1. UTILITY-SCALE BATTERIES - GLOBAL MARKET OVERVIEW
6.2. UTILITY-SCALE BATTERIES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. UTILITY-SCALE BATTERIES MARKET - REVENUE AND FORECASTS TO 2028 - BATTERY TYPE
7.1. OVERVIEW
7.2. BATTERY TYPE MARKET FORECASTS AND ANALYSIS
7.3. LITHIUM-ION
7.3.1. Overview
7.3.2. Lithium-Ion Market Forecast and Analysis
7.4. LEAD ACID
7.4.1. Overview
7.4.2. Lead Acid Market Forecast and Analysis
7.5. FLOW BATTERY
7.5.1. Overview
7.5.2. Flow Battery Market Forecast and Analysis
7.6. SODIUM-BASED
7.6.1. Overview
7.6.2. Sodium-Based Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. UTILITY-SCALE BATTERIES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. IN-FRONT OF THE METER (FTM)
8.3.1. Overview
8.3.2. In-front of the meter (FTM) Market Forecast and Analysis
8.4. BEHIND-THE-METER (BTM)
8.4.1. Overview
8.4.2. Behind-the-meter (BTM) Market Forecast and Analysis
9. UTILITY-SCALE BATTERIES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Utility-Scale Batteries Market Overview
9.1.2 North America Utility-Scale Batteries Market Forecasts and Analysis
9.1.3 North America Utility-Scale Batteries Market Forecasts and Analysis - By Battery Type
9.1.4 North America Utility-Scale Batteries Market Forecasts and Analysis - By Application
9.1.5 North America Utility-Scale Batteries Market Forecasts and Analysis - By Countries
9.1.5.1 United States Utility-Scale Batteries Market
9.1.5.1.1 United States Utility-Scale Batteries Market by Battery Type
9.1.5.1.2 United States Utility-Scale Batteries Market by Application
9.1.5.2 Canada Utility-Scale Batteries Market
9.1.5.2.1 Canada Utility-Scale Batteries Market by Battery Type
9.1.5.2.2 Canada Utility-Scale Batteries Market by Application
9.1.5.3 Mexico Utility-Scale Batteries Market
9.1.5.3.1 Mexico Utility-Scale Batteries Market by Battery Type
9.1.5.3.2 Mexico Utility-Scale Batteries Market by Application
9.2. EUROPE
9.2.1 Europe Utility-Scale Batteries Market Overview
9.2.2 Europe Utility-Scale Batteries Market Forecasts and Analysis
9.2.3 Europe Utility-Scale Batteries Market Forecasts and Analysis - By Battery Type
9.2.4 Europe Utility-Scale Batteries Market Forecasts and Analysis - By Application
9.2.5 Europe Utility-Scale Batteries Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Utility-Scale Batteries Market
9.2.5.1.1 Germany Utility-Scale Batteries Market by Battery Type
9.2.5.1.2 Germany Utility-Scale Batteries Market by Application
9.2.5.2 France Utility-Scale Batteries Market
9.2.5.2.1 France Utility-Scale Batteries Market by Battery Type
9.2.5.2.2 France Utility-Scale Batteries Market by Application
9.2.5.3 Italy Utility-Scale Batteries Market
9.2.5.3.1 Italy Utility-Scale Batteries Market by Battery Type
9.2.5.3.2 Italy Utility-Scale Batteries Market by Application
9.2.5.4 United Kingdom Utility-Scale Batteries Market
9.2.5.4.1 United Kingdom Utility-Scale Batteries Market by Battery Type
9.2.5.4.2 United Kingdom Utility-Scale Batteries Market by Application
9.2.5.5 Russia Utility-Scale Batteries Market
9.2.5.5.1 Russia Utility-Scale Batteries Market by Battery Type
9.2.5.5.2 Russia Utility-Scale Batteries Market by Application
9.2.5.6 Rest of Europe Utility-Scale Batteries Market
9.2.5.6.1 Rest of Europe Utility-Scale Batteries Market by Battery Type
9.2.5.6.2 Rest of Europe Utility-Scale Batteries Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Utility-Scale Batteries Market Overview
9.3.2 Asia-Pacific Utility-Scale Batteries Market Forecasts and Analysis
9.3.3 Asia-Pacific Utility-Scale Batteries Market Forecasts and Analysis - By Battery Type
9.3.4 Asia-Pacific Utility-Scale Batteries Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Utility-Scale Batteries Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Utility-Scale Batteries Market
9.3.5.1.1 Australia Utility-Scale Batteries Market by Battery Type
9.3.5.1.2 Australia Utility-Scale Batteries Market by Application
9.3.5.2 China Utility-Scale Batteries Market
9.3.5.2.1 China Utility-Scale Batteries Market by Battery Type
9.3.5.2.2 China Utility-Scale Batteries Market by Application
9.3.5.3 India Utility-Scale Batteries Market
9.3.5.3.1 India Utility-Scale Batteries Market by Battery Type
9.3.5.3.2 India Utility-Scale Batteries Market by Application
9.3.5.4 Japan Utility-Scale Batteries Market
9.3.5.4.1 Japan Utility-Scale Batteries Market by Battery Type
9.3.5.4.2 Japan Utility-Scale Batteries Market by Application
9.3.5.5 South Korea Utility-Scale Batteries Market
9.3.5.5.1 South Korea Utility-Scale Batteries Market by Battery Type
9.3.5.5.2 South Korea Utility-Scale Batteries Market by Application
9.3.5.6 Rest of Asia-Pacific Utility-Scale Batteries Market
9.3.5.6.1 Rest of Asia-Pacific Utility-Scale Batteries Market by Battery Type
9.3.5.6.2 Rest of Asia-Pacific Utility-Scale Batteries Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Utility-Scale Batteries Market Overview
9.4.2 Middle East and Africa Utility-Scale Batteries Market Forecasts and Analysis
9.4.3 Middle East and Africa Utility-Scale Batteries Market Forecasts and Analysis - By Battery Type
9.4.4 Middle East and Africa Utility-Scale Batteries Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Utility-Scale Batteries Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Utility-Scale Batteries Market
9.4.5.1.1 South Africa Utility-Scale Batteries Market by Battery Type
9.4.5.1.2 South Africa Utility-Scale Batteries Market by Application
9.4.5.2 Saudi Arabia Utility-Scale Batteries Market
9.4.5.2.1 Saudi Arabia Utility-Scale Batteries Market by Battery Type
9.4.5.2.2 Saudi Arabia Utility-Scale Batteries Market by Application
9.4.5.3 U.A.E Utility-Scale Batteries Market
9.4.5.3.1 U.A.E Utility-Scale Batteries Market by Battery Type
9.4.5.3.2 U.A.E Utility-Scale Batteries Market by Application
9.4.5.4 Rest of Middle East and Africa Utility-Scale Batteries Market
9.4.5.4.1 Rest of Middle East and Africa Utility-Scale Batteries Market by Battery Type
9.4.5.4.2 Rest of Middle East and Africa Utility-Scale Batteries Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Utility-Scale Batteries Market Overview
9.5.2 South and Central America Utility-Scale Batteries Market Forecasts and Analysis
9.5.3 South and Central America Utility-Scale Batteries Market Forecasts and Analysis - By Battery Type
9.5.4 South and Central America Utility-Scale Batteries Market Forecasts and Analysis - By Application
9.5.5 South and Central America Utility-Scale Batteries Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Utility-Scale Batteries Market
9.5.5.1.1 Brazil Utility-Scale Batteries Market by Battery Type
9.5.5.1.2 Brazil Utility-Scale Batteries Market by Application
9.5.5.2 Argentina Utility-Scale Batteries Market
9.5.5.2.1 Argentina Utility-Scale Batteries Market by Battery Type
9.5.5.2.2 Argentina Utility-Scale Batteries Market by Application
9.5.5.3 Rest of South and Central America Utility-Scale Batteries Market
9.5.5.3.1 Rest of South and Central America Utility-Scale Batteries Market by Battery Type
9.5.5.3.2 Rest of South and Central America Utility-Scale Batteries Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. UTILITY-SCALE BATTERIES MARKET, KEY COMPANY PROFILES
11.1. ABB
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BYD MOTORS INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GENERAL ELECTRIC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LG CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NGK INSULATORS, LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PANASONIC CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAFT GROUPE SA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAMSUNG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TESLA INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOSHIBA CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ABB
2. BYD Motors Inc.
3. GENERAL ELECTRIC
4. LG Corporation
5. NGK INSULATORS, LTD.
6. Panasonic Corporation
7. Saft Groupe SA
8. Samsung
9. Tesla Inc.
10. Toshiba Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For