Global Grid-Scale Battery Market By Type (Lithium-Ion, Flow Battery, Sodium-Based, Lead Acid, Others), Ownership-Model (Third-Party Owned, Utility Owned), Application (Renewable Integration, Ancillary Services, Back-Up Power, Peak Shift, Others), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa), Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

 Publisher: Fior Market Research |    Report ID : 71578   |  Published On: December 2018 |   Pages: |   Format:PDF

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. 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.

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Market Dynamics: Drivers:
  • Growing investments in renewable energy
  • Dropping costs owed to technological advancements and deployment
  • Government aids and regulations for enhancing energy efficiency
Restraints:
  • Dangerous environmental effects
  • High capital investments
Opportunities:
  • Growing focus on rural electrification
  • Innovation of molten-salt battery technology
Challenges:
  • Installation of grid-scale battery in remote locations
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. *All our reports are customizable as per customer requirements Scope
Key Points Information
Evaluate Market Potential Growth Rates (CAGR %) Value (USD Million) {Market Size}
USP of Report Company Share Analysis Market Attractiveness Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment
Historical Years 2015-2017
Forecast Years 2018-2025
Regional Analysis North America, Europe, Asia Pacific, South America, and Middle East and Africa
Countries Analysis U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global Grid-Scale Battery market on the basis of below mentioned segments: 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
Table of Contents
  1. Introduction
  2. Research Methodology
  3. Executive Summary
  4. Report Premium Insights
  5. Market Overview
  6. Industry Trend Analysis
  7. Global Grid-Scale Battery Market by Type Analysis
  8. Global Grid-Scale Battery Market by Ownership-Model Analysis
  9. Global Grid-Scale Battery Market by Application Analysis
  10. Global Grid-Scale Battery Market by Region Analysis
  11. Competitive Analysis
  12. Company Profiles
  • Business Overview
  • Products Portfolio
  • Key Insights
  • Recent Developments
  • SWOT Analysis
  • Financial Analysis
  • Market Share Analysis


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