Estimating the present size of the Grid-Scale Battery Market was one of the study’s main tasks. To gather data on the parent and peer markets, a thorough investigation was conducted through secondary research. The following stage involved conducting primary research to confirm these conclusions, hypotheses, and sizing with industry experts throughout the value chain. Two methodologies were utilized to approximate the overall market size: top-down and bottom-up. The market size of the segments and subsegments was then estimated using data triangulation and market breakdown.
A number of parties are involved in the Grid-Scale Battery Market, including supply chain technical support providers, manufacturers of solid oxide fuel cells, and technology providers. The growing need for solid oxide fuel cells in the automotive, aerospace, defense & government services, wireless communication & infrastructure, consumer electronics, medical equipment manufacturing, and energy sector applications characterizes the demand side of this market. Growing demand from the industrial sector for contracts and large-scale player mergers and acquisitions define the supply side. To gather both qualitative and quantitative data, a range of primary sources from the supply and demand sides of the market were questioned.
In order to gather and identify data relevant for a technical, market-oriented, and commercial study of the Grid-Scale Battery Market, this research study on the market involved the use of numerous secondary sources, directories, and databases, including Bloomberg, Factiva, IRENA, International Energy Agency, Statista Industry Journal, and The Fuel Cell Energy Review, E4Tech. The other secondary sources included manufacturer organizations, trade directories, databases, white papers, certified publications, investor presentations and annual reports, as well as pieces written by renowned writers and manufacturer associations.
The segmentation coverage of the study is provided below.
Grid-Scale Battery Market based on Type:
- Lithium-Ion
- Lead Acid
- Others
Grid-Scale Battery Market based on Application:
- Renewable Integration
- Ancillary Services
- Others
Grid-Scale Battery Market based on Geography:
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Lithium-ion, flow, zinc-hybrid, and sodium-based batteries are among the battery types included in the segmentation of the worldwide grid-scale battery market. With 35% of market revenue coming from lithium-ion batteries, the category led the market (0.37 billion). Due to increased production capabilities and technological advancements, these batteries are used in a wider range of applications, which is driving category growth in developing nations. However, because of improved production techniques and technological breakthroughs, zinc-hybrid batteries are the category with the quickest rate of growth.
The power generation-based segmentation of the worldwide market comprises energy capacity and power capacity rating. With a rating of 70.4%, the power capacity rating category produced the highest revenue. The maximum amount of power that a battery can quickly and continuously produce is indicated by its power rating. It might be compared to the nameplate rating of a power plant. But because to increased industrial capacity and technical innovation, energy capacity is the category that is expanding the fastest.
The segmentation of the worldwide grid scale battery market based on application comprises backup power, load shifting, integration of renewable sources, peak shaving, and load shifting. Since grid-scale battery storage is anticipated to rely significantly on renewable energy sources like solar and wind power during the projection period, the renewable sources integration category brought in the highest revenue. Nonetheless, load shifting is the category with the quickest rate of growth since the operator employs grid-scale battery storage facilities to offer load-shifting services, which help to reduce the unpredictability and fluctuation of wind power projects.
The report offers market information for North America, Europe, Asia-Pacific, and the rest of the world, broken down by region. Due to the availability of advantageous government regulations, tax benefits for the deployment of renewable energy, and rising investments from both public and private firms, the North American grid scale battery market is expected to dominate. In addition, the grid scale battery market in the United States had the biggest market share, while the market in Canada was expanding at the quickest rate on the North American continent.
Additionally, the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil are among the important nations examined in the market report.
- This report illustrates the most vital attributes of the Grid-Scale Battery Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Grid-Scale Battery Market.
Methodology
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
- Forecasting
List of Tables
TABLE 1. GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 2. GRID-SCALE BATTERY MARKET VALUE FOR LITHIUM-ION, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 3. GRID-SCALE BATTERY MARKET VALUE FOR LEAD ACID, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 4. GRID-SCALE BATTERY MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 5. GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 6. GRID-SCALE BATTERY MARKET VALUE FOR RENEWABLE INTEGRATION, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 7. GRID-SCALE BATTERY MARKET VALUE FOR ANCILLARY SERVICES, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 8. GRID-SCALE BATTERY MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2030 (USD BILLION)
TABLE 9. NORTH AMERICA GRID-SCALE BATTERY MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 10. NORTH AMERICA GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 11. NORTH AMERICA GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 12. U.S GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 13. U.S GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 14. CANADA GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 15. CANADA GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 16. MEXICO GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 17. MEXICO GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 18. EUROPE GRID-SCALE BATTERY MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 19. EUROPE GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 20. EUROPE GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 21. GERMANY GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 22. GERMANY GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 23. U.K GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 24. U.K GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 25. FRANCE GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 26. FRANCE GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 27. ITALY GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 28. ITALY GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 29. SPAIN GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 30. SPAIN GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 31. ROE GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 32. ROE GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 33. ASIA PACIFIC GRID-SCALE BATTERY MARKET VALUE, BY COUNTRY, 2021-2030 (USD BILLION)
TABLE 34. ASIA PACIFIC GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 35. ASIA PACIFIC GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 36. CHINA GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 37. CHINA GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 38. INDIA GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 39. INDIA GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 40. JAPAN GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 41. JAPAN GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 42. REST OF APAC GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 43. REST OF APAC GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 44. LATIN AMERICA GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 45. LATIN AMERICA GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 46. BRAZIL GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 47. BRAZIL GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 48. ARGENTINA GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 49. ARGENTINA GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 50. MIDDLE EAST AND AFRICA GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 51. MIDDLE EAST AND AFRICA GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 52. SAUDI ARABIA GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 53. SAUDI ARABIA GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 54. UAE GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 55. UAE GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 56. REST OF MIDDLE EAST AND AFRICA GRID-SCALE BATTERY MARKET VALUE, BY TYPE, 2021-2030 (USD BILLION)
TABLE 57. REST OF MIDDLE EAST AND AFRICA GRID-SCALE BATTERY MARKET VALUE, BY APPLICATION, 2021-2030 (USD BILLION)
TABLE 58. NGK INSULATORS LTD. : FINANCIALS
TABLE 59. NGK INSULATORS LTD. : PRODUCTS & SERVICES
TABLE 60. NGK INSULATORS LTD. : RECENT DEVELOPMENTS
TABLE 61. BYD CO. LTD.: FINANCIALS
TABLE 62. BYD CO. LTD.: PRODUCTS & SERVICES
TABLE 63. BYD CO. LTD.: RECENT DEVELOPMENTS
TABLE 64. GENERAL ELECTRIC: FINANCIALS
TABLE 65. GENERAL ELECTRIC: PRODUCTS & SERVICES
TABLE 66. GENERAL ELECTRIC: RECENT DEVELOPMENTS
TABLE 67. GS YUASA CORP.: FINANCIALS
TABLE 68. GS YUASA CORP.: PRODUCTS & SERVICES
TABLE 69. GS YUASA CORP.: RECENT DEVELOPMENTS
TABLE 70. LG CHEM LTD.: FINANCIALS
TABLE 71. LG CHEM LTD.: PRODUCTS & SERVICES
TABLE 72. LG CHEM LTD.: RECENT DEVELOPMENTS
TABLE 73. MITSUBISHI ELECTRIC CORP.: FINANCIALS
TABLE 74. MITSUBISHI ELECTRIC CORP.: PRODUCTS & SERVICES
TABLE 75. MITSUBISHI ELECTRIC CORP.: RECENT DEVELOPMENTS
TABLE 76. PANASONIC CORP.: FINANCIALS
TABLE 77. PANASONIC CORP.: PRODUCTS & SERVICES
TABLE 78. PANASONIC CORP.: DEVELOPMENTS
TABLE 79. ABB GROUP: FINANCIALS
TABLE 80. ABB GROUP: PRODUCTS & SERVICES
TABLE 81. ABB GROUP: RECENT DEVELOPMENTS
TABLE 82. HITACHI LTD.: FINANCIALS
TABLE 83. HITACHI LTD.: PRODUCTS & SERVICES
TABLE 84. HITACHI LTD.: RECENT DEVELOPMENTS
TABLE 85. FLUENCE ENERGY: FINANCIALS
TABLE 86. FLUENCE ENERGY: PRODUCTS & SERVICES
TABLE 87. FLUENCE ENERGY: RECENT DEVELOPMENTS
