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Grid-Scale Battery - Global Strategic Business Report

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    Report

  • 247 Pages
  • September 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805016
The global market for Grid-Scale Battery is estimated at US$4.8 Billion in 2023 and is projected to reach US$19.5 Billion by 2030, growing at a CAGR of 19% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Lithium-Ion Battery segment, which is expected to reach US$17.1 Billion by 2030 with a CAGR of 19.4%. The Lead Acid Battery segment is also set to grow at 17.3% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 18.1% CAGR to reach $3.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Grid-Scale Battery Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Grid-Scale Battery Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Grid-Scale Battery Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ABB Group, BYD Co., Ltd., Fluence Energy, LLC, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 48 Featured):

  • ABB Group
  • BYD Co., Ltd.
  • Fluence Energy, LLC
  • General Electric Company
  • GS Yuasa Corporation
  • LG Chem
  • NGK Insulators Ltd.
  • Panasonic Corporation
  • Saft Groupe SA
  • Samsung SDI Co., Ltd
  • Tesla Motors, Inc.
  • Toshiba Corporation

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Grid Scale Battery Market: A Snapshot
  • Battery Storage Market - An Introduction
  • Lithium ion (Li-ion) Dominates the Battery Grid Energy Storage Market
  • Grid-Scale Battery - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Global Economic Update
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Lithium-Ion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World 7-Year Perspective for Lithium-Ion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Lead Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 4: World 7-Year Perspective for Lead Acid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World 7-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Renewable Integration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World 7-Year Perspective for Renewable Integration by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Ancillary Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 10: World 7-Year Perspective for Ancillary Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 13: World Grid-Scale Battery Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 14: World Recent Past, Current & Future Analysis for Grid-Scale Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World 7-Year Perspective for Grid-Scale Battery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Active Players in United States
  • Table 16: USA Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 17: USA 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 18: USA Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 19: USA 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
CANADA
  • Active Players in Canada
  • Table 20: Canada Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: Canada 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 22: Canada Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 23: Canada 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
JAPAN
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Active Players in Japan
  • Table 24: Japan Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 25: Japan 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 26: Japan Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: Japan 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
CHINA
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Active Players in China
  • Table 28: China Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 29: China 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 30: China Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 31: China 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
EUROPE
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 32: Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 33: Europe 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 34: Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 35: Europe 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
  • Table 36: Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 37: Europe 7-Year Perspective for Grid-Scale Battery by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
FRANCE
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Active Players in France
  • Table 38: France Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 39: France 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 40: France Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 41: France 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
GERMANY
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Active Players in Germany
  • Table 42: Germany Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 43: Germany 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 44: Germany Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: Germany 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
ITALY
  • Active Players in Italy
  • Table 46: Italy Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 47: Italy 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 48: Italy Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 49: Italy 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
UNITED KINGDOM
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Active Players in United Kingdom
  • Table 50: UK Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 51: UK 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 52: UK Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 53: UK 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
REST OF EUROPE
  • Active Players in Rest of Europe
  • Table 54: Rest of Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 55: Rest of Europe 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 57: Rest of Europe 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
ASIA-PACIFIC
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Active Players in Asia-Pacific
  • Table 58: Asia-Pacific Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 59: Asia-Pacific 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 60: Asia-Pacific Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 61: Asia-Pacific 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
REST OF WORLD
  • Active Players in Rest of World
  • Table 62: Rest of World Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 63: Rest of World 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2024 & 2030
  • Table 64: Rest of World Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 65: Rest of World 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2024 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB Group
  • BYD Co., Ltd.
  • Fluence Energy, LLC
  • General Electric Company
  • GS Yuasa Corporation
  • LG Chem
  • NGK Insulators Ltd.
  • Panasonic Corporation
  • Saft Groupe SA
  • Samsung SDI Co., Ltd
  • Tesla Motors, Inc.
  • Toshiba Corporation

Table Information