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Grid-Scale Battery - Global Market Trajectory & Analytics

  • ID: 4805016
  • Report
  • April 2021
  • Region: Global
  • 156 pages
  • Global Industry Analysts, Inc
Global Grid-Scale Battery Market to Reach $11.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Grid-Scale Battery estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$11.8 Billion by 2027, growing at a CAGR of 31% over the analysis period 2020-2027. Lithium-Ion, one of the segments analyzed in the report, is projected to record a 34.3% CAGR and reach US$6.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lead Acid segment is readjusted to a revised 31.8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $533.7 Million, While China is Forecast to Grow at 29.9% CAGR

The Grid-Scale Battery market in the U.S. is estimated at US$533.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 29.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.3% and 26.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.4% CAGR.

Flow Segment to Record 24.3% CAGR

In the global Flow segment, USA, Canada, Japan, China and Europe will drive the 24.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$155 Million in the year 2020 will reach a projected size of US$708.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027.

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
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • 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
  • Impact of Covid-19 and a Looming Global Recession
  • Table 1: World 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$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: 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 2020 & 2027
  • Table 3: World 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$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 4: 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 2020 & 2027
  • Table 5: World 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$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 6: 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 2020 & 2027
  • Table 7: World Current & Future Analysis for Flow by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World 7-Year Perspective for Flow by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 9: World Current & Future Analysis for Sodium-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 10: World 7-Year Perspective for Sodium-Based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 11: World 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$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 12: 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 2020 & 2027
  • Table 13: World 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$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: 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 2020 & 2027
  • Table 15: World Current & Future Analysis for Peak Shift by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 16: World 7-Year Perspective for Peak Shift by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 17: World 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$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 18: 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 2020 & 2027
  • Table 19: World Current & Future Analysis for Back-Up Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World 7-Year Perspective for Back-Up Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 21: World 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$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 22: 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 2020 & 2027
III. MARKET ANALYSIS
  • Active Players in United States
  • Table 23: USA Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 24: USA 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 25: USA Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 26: USA 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in Canada
  • Table 27: Canada Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 28: Canada 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 29: Canada Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 30: Canada 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in Japan
  • Table 31: Japan Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 32: Japan 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 33: Japan Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 34: Japan 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in China
  • Table 35: China Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 36: China 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 37: China Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 38: China 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Table 39: Europe 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$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 40: 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 2020 & 2027
  • Table 41: Europe Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 42: Europe 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 43: Europe Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 44: Europe 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in France
  • Table 45: France Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 46: France 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 47: France Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 48: France 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in Germany
  • Table 49: Germany Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 50: Germany 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 51: Germany Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 52: Germany 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in Italy
  • Table 53: Italy Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 54: Italy 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 55: Italy Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 56: Italy 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in United Kingdom
  • Table 57: UK Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 58: UK 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 59: UK Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 60: UK 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in Rest of Europe
  • Table 61: Rest of Europe Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 62: Rest of Europe 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 63: Rest of Europe Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 64: Rest of Europe 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in Asia-Pacific
  • Table 65: Asia-Pacific Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 66: Asia-Pacific 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 67: Asia-Pacific Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 68: Asia-Pacific 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
  • Active Players in Rest of World
  • Table 69: Rest of World Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 70: Rest of World 7-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid, Flow, Sodium-Based and Other Types for the Years 2020 & 2027
  • Table 71: Rest of World Current & Future Analysis for Grid-Scale Battery by Application - Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 72: Rest of World 7-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power and Other Applications for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 48
Note: Product cover images may vary from those shown
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