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The grid-scale battery market is forecasted to grow by USD 12247.48 mn during 2023-2028, accelerating at a CAGR of 20.88% during the forecast period. The report on the grid-scale battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for ESSS from utilities, increasing focus on renewable power generation, and rising urbanization and electricity demand.
The grid-scale battery market is segmented as below:
By Application
- Ancillary services
- Renewable integration
- Others
By Battery Type
- Lithium-based
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the grid-scale battery market covers the following areas:
- Grid-scale battery market sizing
- Grid-scale battery market forecast
- Grid-scale battery market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Battery Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global grid-scale battery market: ABB Ltd., BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., General Electric Co., GS Yuasa International Ltd., Hitachi Ltd., Innolith Science and Technology GmbH, Leclanche SA, LG Electronics Inc., NEC Corp., NGK Insulators Ltd., Panasonic Holdings Corp., Powin Inc., Samsung SDI Co. Ltd., Siemens AG, SolarEdge Technologies Inc., Sumitomo Electric Industries Ltd., Tesla Inc., Toshiba Corp., and TotalEnergies SE.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is declining costs of battery storage systems.'
According to the report, one of the major drivers for this market is the growing demand for ESSS from utilities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- BYD Co. Ltd.
- Contemporary Amperex Technology Co. Ltd.
- General Electric Co.
- GS Yuasa International Ltd.
- Hitachi Ltd.
- Innolith Science and Technology GmbH
- Leclanche SA
- LG Electronics Inc.
- NEC Corp.
- NGK Insulators Ltd.
- Panasonic Holdings Corp.
- Powin Inc.
- Samsung SDI Co. Ltd.
- Siemens AG
- SolarEdge Technologies Inc.
- Sumitomo Electric Industries Ltd.
- Tesla Inc.
- Toshiba Corp.
- TotalEnergies SE
