+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Grid-Scale Battery - Global Strategic Business Report

  • PDF Icon

    Report

  • 247 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805016
Description Jump to:

Global Grid-Scale Battery Market to Reach $19.5 Billion by 2030

The global market for Grid-Scale Battery estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$19.5 Billion by 2030, growing at a CAGR of 22.3% over the analysis period 2022-2030. Lithium-Ion, one of the segments analyzed in the report, is projected to record a 22.8% CAGR and reach US$17.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lead Acid segment is readjusted to a revised 20.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 21.3% CAGR

The Grid-Scale Battery market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 21.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.2% and 18.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.

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


What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

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)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: 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 2022 through 2030 and % CAGR
  • Table 2: World 8-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 2023 & 2030
  • Table 3: 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 2022 through 2030 and % CAGR
  • Table 4: World 8-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 2023 & 2030
  • Table 5: 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 2022 through 2030 and % CAGR
  • Table 6: World 8-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 2023 & 2030
  • Table 7: 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 2022 through 2030 and % CAGR
  • Table 8: World 8-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 2023 & 2030
  • Table 9: 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 2022 through 2030 and % CAGR
  • Table 10: World 8-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 2023 & 2030
  • Table 11: 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 2022 through 2030 and % CAGR
  • Table 12: World 8-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 2023 & 2030
  • Table 13: 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 2022 through 2030 and % CAGR
  • Table 14: World 8-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 2023 & 2030
  • Table 15: World Grid-Scale Battery Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (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 2022 through 2030 and % CAGR
  • Table 17: USA 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 19: USA 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 21: Canada 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 23: Canada 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030
JAPAN
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (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 2022 through 2030 and % CAGR
  • Table 25: Japan 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 27: Japan 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030
CHINA
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (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 2022 through 2030 and % CAGR
  • Table 29: China 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 31: China 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030
EUROPE
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 32: 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 2022 through 2030 and % CAGR
  • Table 33: Europe 8-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 2023 & 2030
  • Table 34: 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 2022 through 2030 and % CAGR
  • Table 35: Europe 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030
  • Table 36: 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 2022 through 2030 and % CAGR
  • Table 37: Europe 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030
FRANCE
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (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 2022 through 2030 and % CAGR
  • Table 39: France 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 41: France 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030
GERMANY
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (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 2022 through 2030 and % CAGR
  • Table 43: Germany 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 45: Germany 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 47: Italy 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 49: Italy 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030
UNITED KINGDOM
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (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 2022 through 2030 and % CAGR
  • Table 51: UK 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 53: UK 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 55: Rest of Europe 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 57: Rest of Europe 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030
ASIA-PACIFIC
  • Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (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 2022 through 2030 and % CAGR
  • Table 59: Asia-Pacific 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 61: Asia-Pacific 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 63: Rest of World 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 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 2022 through 2030 and % CAGR
  • Table 65: Rest of World 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 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

Report AttributeDetails
No. of Pages247
PublishedApril 2024
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 3.9 Billion
Forecasted Market Value ( USD ) by 2030 $ 19.5 Billion
Compound Annual Growth Rate22.3%
Regions CoveredGlobal

Related Topics

Related Reports

Global Grid-Scale Battery Market by Battery Type (Flow Battery, Lead Acid, Lithium-Ion), Ownership Model (Third-Party-Owned, Utility-Owned), Application - Forecast 2024-2030 - Product Image

Global Grid-Scale Battery Market by Battery Type (Flow Battery, Lead Acid, Lithium-Ion), Ownership Model (Third-Party-Owned, Utility-Owned), Application - Forecast 2024-2030

  • Report
  • 189 Pages
  • Global
From
Grid-scale Battery Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region - Product Image

Grid-scale Battery Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region

  • Report
  • 220 Pages
  • Global
Global Grid-Scale Battery Market Report and Forecast 2024-2032 - Product Image

Global Grid-Scale Battery Market Report and Forecast 2024-2032

  • Report
  • 230 Pages
  • Global
From
Grid Scale Battery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F - Product Image

Grid Scale Battery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

  • Report
  • 182 Pages
  • Global
From
Grid-Scale Battery Storage Technologies Market Report 2023-2033 - Product Image

Grid-Scale Battery Storage Technologies Market Report 2023-2033

  • Report
  • 422 Pages
  • Global
From

About the Grid Scale Battery Market

The Grid Scale Battery market is a subset of the larger Battery Technology industry. It focuses on the development and deployment of large-scale batteries for use in the electricity grid. These batteries are used to store energy generated from renewable sources, such as solar and wind, and to provide backup power during outages. Grid Scale Batteries are also used to balance supply and demand on the grid, allowing for more efficient use of energy resources. Grid Scale Batteries are typically composed of lithium-ion cells, which are the most common type of rechargeable battery. They are designed to be modular, allowing for easy installation and scalability. This makes them ideal for use in large-scale energy storage projects. Companies in the Grid Scale Battery market include Tesla, LG Chem, BYD, Panasonic, and Samsung SDI. These companies are leading the way in the development and deployment of Grid Scale Batteries, providing solutions for a wide range of applications. Show Less Read more

Copyright © 2002-2024 Research and Markets. All Rights Reserved.