Grid-Scale Battery Market by Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), Ownership-Model (Third-Party, Utility), Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power) & Region - Global Forecast to 2023 - Product Image

Grid-Scale Battery Market by Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), Ownership-Model (Third-Party, Utility), Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power) & Region - Global Forecast to 2023

  • ID: 4575965
  • Report
  • Region: Global
  • 140 Pages
  • Markets and Markets
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The grid-scale battery market is expected to grow from USD 1.37 billion in 2018 to USD 5.82 billion by 2023, at a CAGR of 33.52% between 2018 and 2023.

FEATURED COMPANIES

  • ABB
  • Fluence Energy, LLC
  • GS Yuasa Corporation
  • NGK Insulators
  • S&C Electric Company
  • Samsung SDI Co., Ltd.
  • MORE

“The grid-scale battery market is expected to grow at a CAGR of 33.52% between 2017 and 2022.”

The grid-scale battery market is expected to grow from USD 1.37 billion in 2018 to USD 5.82 billion by 2023, at a CAGR of 33.52% between 2018 and 2023. Some of the major factors driving the growth of the market include the increasing investments in renewable energy and reducing costs of grid-scale batteries owing to technological advancements and expanded deployment.

“Renewable integration is expected to hold the largest share of the grid-scale battery market, by application, throughout the forecast period.”

The grid-scale battery market has been segmented on the basis of application into renewable integration, peak shifting, ancillary services, back-up power, and others (including microgrids, ramping, black start, and transmission/distribution upgrade deferral). Factors such as attainment of renewable targets and energy efficiency, and increased reliability, security and resiliency of microgrid applications are expected to drive the growth of the grid-scale battery market for renewable integration during the forecast period.

“Asia Pacific: Major market for grid-scale batteries”

Asia Pacific is expected to be the fastest-growing market for grid-scale batteries during the forecast period. It is the most populated region in the world, and consequently, is witnessing a high demand for electricity. Increasing investment in transmission and distribution of power is among the major factors driving the growth of the market in Asia Pacific.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1–55%, Tier 2–31%, Tier 3–14%
  • By Designation: C-Level Executives–28%, Directors–36%, Others–36%
  • By Region: North America–35%, Europe–28%, Asia Pacific–24%, RoW–13%

Note: The tiers of the companies have been defined on the basis of their total revenues; as of 2017: Tier 1 =>USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 <USD 1 billion

The leading players in the grid-scale battery market are LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), BYD Company (China), ABB (Switzerland), GE (US), GS Yuasa (Japan), Toshiba (Japan), Saft (France), S&C Electric (US), and NGK Insulators (Japan).

Research Coverage:

The report provides a picture of the grid-scale battery market for the power industry across various regions. It forecasts and studies the size and future growth potential of the market, by type, application, ownership-model, in various regions, respectively. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their profiles, recent developments, and key market strategies.

The grid-scale battery market, in this report, has been segmented on the basis of type, application, ownership-model, and region with a focus on industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise the basic views on competitive landscape, emerging and high-growth segments of the grid-scale battery market, high-growth regions, and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the grid-scale battery marke
  • Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the market for grid-scale battery across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global grid-scale battery market

Why Buy this Report?

  • The report identifies and addresses key application areas for the implementation of grid-scale batteries in the power industry; this would help manufacturers review the growth in demand for these batteries.
  • The report helps solution providers understand the pulse of the market and provide insights into market dynamics, such as drivers, restraints, opportunities, and challenges.
  • The report will enable key players to better understand their competitors’ strategies and help them in decision-making.
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FEATURED COMPANIES

  • ABB
  • Fluence Energy, LLC
  • GS Yuasa Corporation
  • NGK Insulators
  • S&C Electric Company
  • Samsung SDI Co., Ltd.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Introduction
2.2 Research Data
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Key Industry Insights
2.2.2.3 Breakdown of Primary Interviews
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Grid-Scale Battery Market During the Forecast Period
4.2 Industrial Control Transformer Market, By Country
4.3 Asia Pacific Grid-Scale Battery Market, By Type & Country
4.4 Grid-Scale Battery Market, By Type
4.5 Grid-Scale Battery Market, By Ownership Model
4.6 Grid-Scale Battery Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Increasing Renewable Energy Investments
5.3.2 Reduction in Cost Owing to Technological Advancements and Expanded Deployment
5.3.3 Government Subsidies and Regulations for Enhancing Energy Efficiency
5.4 Restraints
5.4.1 Hazardous Environmental Effects
5.4.2 High Capital Investments
5.5 Opportunities
5.5.1 Increasing Focus on Rural Electrification
5.5.2 Development of Molten-Salt Battery Technology
5.6 Challenges
5.6.1 Installation of Grid-Scale Battery in Remote Locations

6 Grid-Scale Battery Market, By Battery Type
6.1 Introduction
6.2 Lithium-Ion
6.3 Lead Acid
6.4 Flow Battery
6.5 Sodium-Based Battery
6.6 Others
6.6.1 Nickel–Cadmium Battery
6.6.2 Nickel Metal Hydride Battery
6.6.3 Nickel–Iron Battery

7 Grid-Scale Battery Market, By Ownership Model
7.1 Introduction
7.2 Third-Party-Owned
7.3 Utility-Owned

8 Grid-Scale Battery Market, By Application
8.1 Introduction
8.2 Peak Shifting
8.3 Renewable Integration
8.4 Ancillary Services
8.5 Backup Power
8.6 Others

9 Grid-Scale Battery Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By Type
9.2.2 By Ownership Model
9.2.3 By Application
9.2.4 By Country
9.2.4.1 US
9.2.4.2 Canada
9.3 Asia Pacific
9.3.1 By Type
9.3.2 By Ownership Model
9.3.3 By Application
9.3.4 By Country
9.3.4.1 China
9.3.4.2 Australia
9.3.4.3 India
9.3.4.4 Japan
9.3.4.5 South Korea
9.3.4.6 Rest of Asia Pacific
9.4 Europe
9.4.1 By Type
9.4.2 By Ownership Model
9.4.3 By Application
9.4.4 By Country
9.4.4.1 Germany
9.4.4.2 UK
9.4.4.3 France
9.4.4.4 Italy
9.4.4.5 Rest of Europe
9.5 Rest of the World
9.5.1 By Type
9.5.2 By Ownership Model
9.5.3 By Application
9.5.4 By Region
9.5.4.1 Middle East
9.5.4.2 Africa
9.5.4.3 Latin America

10 Competitive Landscape
10.1 Introduction
10.2 Ranking of Players & Industry Concentration, 2017
10.3 Competitive Scenario
10.3.1 Contract & Agreement
10.3.2 New Product Launch
10.3.3 Investment & Expansion
10.3.4 Joint Venture/Divestment/Merger & Acquisition/Partnership & Collaboration/ Strategic Alliance

11 Company Profiles
11.1 Benchmarking
11.2 LG Chem, Ltd.
11.3 Samsung SDI Co., Ltd.
11.4 Panasonic Corporation
11.5 Fluence Energy, LLC
11.6 Tesla
11.7 BYD Company Limited
11.8 ABB
11.9 General Electric (GE)
11.10 GS Yuasa Corporation
11.11 Toshiba
11.12 Saft Groupe S.A.
11.13 S&C Electric Company
11.14 NGK Insulators

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables
Table 1 Grid-Scale Battery Market Snapshot
Table 2 Capital, Operational, and Charging Costs for Grid-Scale Battery Market
Table 3 Comparison Between Lithium-Ion and Lead-Acid Batteries
Table 4 Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 5 Lithium-Ion: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 6 Lead Acid: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 7 Flow Battery: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 8 Sodium-Based Battery: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 9 Others: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 10 Grid-Scale Battery Market, By Ownership Model, 2016–2023 (USD Million)
Table 11 Third-Party-Owned: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 12 Projects Based on Grid-Scale Battery Systems
Table 13 Utility-Owned: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 14 Grid-Scale Battery Market, By Application, 2016–2023 (USD Million)
Table 15 Peak Shifting: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 16 Renewable Integration: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 17 Ancillary Services: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 18 Back-Up Power: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 19 Others: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 20 Grid-Scale Battery Market Size, By Region, 2016–2023 (USD Million)
Table 21 Grid-Scale Battery Market Size, By Region, 2016–2023 (Mw)
Table 22 North America: Grid-Scale Battery Market, By Battery Type, 2016–2023 (USD Million)
Table 23 North America: Grid-Scale Battery Market, By Battery Type, 2016–2023 (Mw)
Table 24 North America: Grid-Scale Battery Market, By Ownership Model, 2016–2023 (USD Million)
Table 25 North America: Grid-Scale Battery Market, By Ownership Model, 2016–2023 (Mw)
Table 26 North America: Grid-Scale Battery Market Size, By Application, 2016–2023 (USD Million)
Table 27 North America: Grid-Scale Battery Market, By Country, 2016–2023 (USD Million)
Table 28 North America: Grid-Scale Battery Market, By Country, 2016–2023 (Mw)
Table 29 Events for Grid-Scale Battery Market in the US
Table 30 US: Grid-Scale Battery Market, By Battery Type, 2016–2023 (USD Million)
Table 31 Canada: Grid-Scale Battery Market, By Battery Type, 2016–2023 (USD Million)
Table 32 Asia Pacific: Grid-Scale Battery Market, By Battery Type, 2016–2023 (USD Million)
Table 33 Asia Pacific: Grid-Scale Battery Market, By Battery Type, 2016–2023 (Mw)
Table 34 Asia Pacific: Grid-Scale Battery Market, By Ownership Model, 2016–2023 (USD Million)
Table 35 Asia Pacific: Grid-Scale Battery Market, By Ownership Model, 2016–2023 (Mw)
Table 36 Asia Pacific: Grid-Scale Battery Market Size, By Application, 2016–2023 (USD Million)
Table 37 Asia Pacific: Grid-Scale Battery Market, By Country, 2016–2023 (USD Million)
Table 38 Asia Pacific: Grid-Scale Battery Market, By Country, 2016–2023 (Mw)
Table 39 China: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 40 Australia: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 41 India: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 42 Japan: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 43 South Korea: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 44 Rest of Asia Pacific: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 45 Europe: Grid-Scale Battery Market, By Battery Type, 2016–2023 (USD Million)
Table 46 Europe: Grid-Scale Battery Market, By Battery Type, 2016–2023 (Mw)
Table 47 Europe: Grid-Scale Battery Market, By Ownership Model, 2016–2023 (USD Million)
Table 48 Europe: Grid-Scale Battery Market, By Ownership Model, 2016–2023 (Mw)
Table 49 Europe: Grid-Scale Battery Market Size, By Application, 2016–2023 (USD Million)
Table 50 Europe: Grid-Scale Battery Market, By Country, 2016–2023 (USD Million)
Table 51 Europe: Grid-Scale Battery Market, By Country, 2016–2023 (Mw)
Table 52 Germany: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 53 Grid-Scale Battery Events in the UK
Table 54 UK: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 55 France: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 56 Italy: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 57 RoE: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 58 Upcoming Events Related to Grid-Scale Battery Market System in the RoW
Table 59 RoW: Grid-Scale Battery Market, By Battery Type, 2016–2023 (USD Million)
Table 60 RoW: Grid-Scale Battery Market, By Battery Type, 2016–2023 (Mw)
Table 61 RoW: Grid-Scale Battery Market, By Ownership Model, 2016–2023 (USD Million)
Table 62 RoW: Grid-Scale Battery Market, By Ownership Model, 2016–2023 (Mw)
Table 63 RoW: Grid-Scale Battery Market Size, By Application, 2016–2023 (USD Million)
Table 64 RoW: Grid-Scale Battery Market, By Region, 2016–2023 (USD Million)
Table 65 RoW: Grid-Scale Battery Market, By Region, 2016–2023 (Mw)
Table 66 Middle East: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 67 Africa: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 68 Latin America: Grid-Scale Battery Market Size, By Type, 2016–2023 (USD Million)
Table 69 ABB, the Most Active Player in the Market Between 2015 and May 2018
Table 70 Contracts & Agreements, 2015–May 2018
Table 71 New Product Launches, 2015–February 2018
Table 72 Investments and Expansions, 2015–February 2018
Table 73 Joint Ventures/Divestments/Mergers & Acquisitions/Partnerships & Collaborations/Strategic Alliances, 2015–February 2018

List of Figures
Figure 1 Grid-Scale Battery Market Segmentation
Figure 2 Regional Scope: Grid-Scale Battery Market
Figure 3 Grid-Scale Battery Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Asia Pacific Was Expected to Dominate the Grid-Scale Battery Market in 2017
Figure 9 Lithium-Ion Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 Third-Party-Owned Segment is Expected to Lead the Grid-Scale Battery Market During the Forecast Period
Figure 11 Renewable Integration Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Increasing Renewable Energy Investments are Driving the Grid-Scale Battery Market, From 2018 to 2023
Figure 13 The Market in India is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Lithium-Ion Segment and South Korea Dominated the Grid-Scale Battery Market in Asia Pacific
Figure 15 Lithium-Ion Segment is Expected to Dominate the Grid-Scale Battery Market During the Forecast Period
Figure 16 Third-Party-Owned Segment Dominated the Grid-Scale Battery Market, By Ownership Model, in 2017
Figure 17 Renewable Integration Segment Dominated the Grid-Scale Battery Market, By Application, in 2017
Figure 18 Drivers, Restraints, Opportunities, & Challenges of the Grid-Scale Battery Market
Figure 19 Investment in Renewable Energy Sources, 2004–2016 (USD Billion)
Figure 20 Lithium-Ion Segment Dominated the Grid-Scale Battery Market in 2017
Figure 21 Third-Party-Owned Segment Dominated the Grid-Scale Battery Market in 2017
Figure 22 Number of Projects By RT o/ISO and Type of Ownership
Figure 23 Renewable Integration Segment is Expected to Lead the Grid-Scale Battery Market During the Forecast Period
Figure 24 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America LED the Grid-Scale Battery Market in 2017, By Value
Figure 26 North America: Grid-Scale Battery Market Snapshot
Figure 27 Asia Pacific: Grid-Scale Battery Market Snapshot
Figure 28 Contracts & Agreements is the Most Widely Adopted Development Strategy Between 2015 and May 2018
Figure 29 Samsung LED the Grid-Scale Battery Market in 2017
Figure 30 LG Chem: Company Snapshot
Figure 31 Samsung: Company Snapshot
Figure 32 Panasonic: Company Snapshot
Figure 33 Tesla: Company Snapshot
Figure 34 BYD Company: Company Snapshot
Figure 35 ABB: Company Snapshot
Figure 36 GE: Company Snapshot
Figure 37 GS Yuasa: Company Snapshot
Figure 38 Toshiba: Company Snapshot
Figure 39 NGK Insulators: Company Snapshot

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  • 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
Note: Product cover images may vary from those shown
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