Grid scale battery

Global Grid-Scale Battery Market Size, by Type (Lead Acid, Li-ion, Flow, Sodium Based), Application & Region - Key Manufacturers, Analysis, Growth Trends, and Forecast till 2025

Category: Energy and Power     ID: IRP1173     Date: Jul, 2020
As electricity becomes the basic necessity for mankind, consumption is increasing rapidly. Currently. most of the devices we need, run only on electricity. The growth in demand for electricity bestows promise for the global grid scale battery market. Robust growth of the global grid scale battery market has been observed in the past few years and is expected to sustain its momentum in the future as well.
Grid-scale batteries are used in various applications, such as renewable integration, ancillary services, black start, and firm capacity, among many others at the site of renewable energy generation and at transmission and distribution facilities of the power sector.
The product demand is fueled by key factors, such as rising need to integrate the produced energy from renewable sources, including solar, photovoltaic, and wind power, and to enhance the stability, resiliency, and reliability of the grid. In the U.S., rising demand for lithium-ion batteries as an essential battery storage product can be credited to their highly enhanced efficacy, energy density, and deep discharge cycle. In addition, a reduction in the cost owing to the increasing storage demand and increased deployment demand for a renewable source of energy integration is projected to propel the market over the forecast period.
However, the outbreak of pandemic caused by COVID-19 disease has hampered the market growth. The supply chain for the battery industry is negatively impacted since the vast number of vendors involved in the battery market are situated in the Asia Pacific region, Moreover, China, the largest manufacturer and key supplier of battery components across the globe, was the first affected country amid the pandemic.
The global Grid-Scale Battery market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2025, at a CAGR of XX% during 2018 to 2025. Scope of global Grid-Scale Battery market includes by type (Lead Acid, Li-ion), by application (Renewable Integration, Back-Up Power, Peak Shift, Ancillary Services, and others), and by region (North America- U.S., Canada; Europe- U.K., France, Germany; Asia-Pacific- China, Japan, India; Latin America- Brazil, Mexico; Middle East & Africa- South Africa, Saudi Arabia).

The global Grid-Scale Battery market is primarily segmented by type, application, and region.

In terms of type, the market is split into:
* Lead Acid
* Li-ion
* Flow
* Sodium Based
* Others

On the application front, the market is segmented into:
* Renewable Integration
* Back-Up Power
* Peak Shift
* Ancillary Services
* Others

Moreover, the market is classified across regions and countries as follows:
* North America- U.S., Canada
* Europe- Russia, U.K., France, Germany, Italy
* Asia-Pacific- China, Japan, India, Australia
* Latin America- Brazil, Mexico
* Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:
The key players profiled in the market include:
* Benchmarking
* LG Chem, Ltd.
* Samsung Sdi Co., Ltd.
* Panasonic Corporation
* Fluence Energy, LLC
* Tesla
* BYD Company Limited
* ABB
* General Electric (GE)
* GS Yuasa Corporation
* Toshiba
* Saft Groupe S.A.
* S&C Electric Company
* NGK Insulators

These enterprises have been focusing on development strategies, such as expansions, new Raw Material launches, agreements & partnerships, and acquisitions to expand their end-use industry across the globe.
Key Benefits of the Report:
* Global, regional, country, type, and application market size and their forecast from 2015-2026
* Identification and detailed analysis and insights on key market dynamics, such as drivers, opportunities, restraints, and challenges influencing the growth of the market
* Detailed analysis an insights on industry outlook with market specific PESTLE analysis, Porter’s Five Forces analysis, and Value Chain analysis, to achieve a better understanding of the market and prepare expansion strategies
* Identification and comprehensive analysis of key market players and their market share, detailed financial positions, key Raw Materials, core competencies, and unique selling points
* Identification and analysis of Key players’ competitive developments and strategic initiatives, such as mergers, joint ventures, sales contracts, and new Raw Material introduction in the market
* Expert interviews and their insights on current and future outlook, market shift, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, type, and application with qualitative and quantitative facts
* Identification of the key patents filed in the field of Grid-Scale Battery
* Owing to the volatility seen in the market due to the Global COVID-19 pandemic, businesses around the globe wish to know the impact on their market and how this changes the projections for 2020 and the forthcoming years. Orian Research is in talks with seasoned market analysts and key note speakers to understand the impact of COVID 19 on markets and factors that will bring in stability in the foreseeable future

Target Audience:
* Grid-Scale Battery manufacturer & Technology Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies

Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Raw Material Providers
* Government Body & Associations
* Research Institutes

Project Analysis

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