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Global Utility Battery Market 2020-2024Speak directly to the analyst to clarify any post sales queries you may have.
The utility battery market is poised to grow by 784.47 MW during 2020-2024 progressing at a CAGR of 5% during the forecast period. The reports on utility battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing ESS demand from utilities, increasing focus on renewable energy generation, and growing urbanization and electricity demand.
The utility battery market analysis includes technology segment and geographic landscape.
The utility battery market is segmented as below:
By Technology
- Lithium-based batteries
- Sodium-based batteries
- Others
By Geographic Landscapes
- APAC
- North America
- Europe
- MEA
- South America
This study identifies the increased adoption of microgrids as one of the prime reasons driving the utility battery market growth during the next few years. Also, technological advances in battery ESS technologies and decreasing cost of battery storage systems will lead to sizable demand in the market.
The research 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.
The utility battery market covers the following areas:
- Utility battery market sizing
- Utility battery market forecast
- Utility battery market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading utility battery market vendors that include BYD Co. Ltd., Hitachi Chemical Co. Ltd., Kokam Co. Ltd., LG Chem Ltd., NGK Insulators Ltd., Samsung SDI Co. Ltd., Sumitomo Electric Industries Ltd., Tesla Inc., Toshiba Corp., and Total SA. Also, the utility battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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 research 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.
This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global utility battery market: BYD Co. Ltd., Hitachi Chemical Co. Ltd., Kokam Co. Ltd., LG Chem Ltd., NGK Insulators Ltd., Samsung SDI Co. Ltd., Sumitomo Electric Industries Ltd., Tesla Inc., Toshiba Corp., and Total SA.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increased adoption of microgrids."
According to the report, one of the major drivers for this market is the growing ESS demand 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:
- BYD Co. Ltd.
- Hitachi Chemical Co. Ltd.
- Kokam Co. Ltd.
- LG Chem Ltd.
- NGK Insulators Ltd.
- Samsung SDI Co. Ltd.
- Sumitomo Electric Industries Ltd.
- Tesla Inc.
- Toshiba Corp.
- Total SA
