FEATURED COMPANIES
- Bosch Group
- Duke Energy Corp.
- LG Chem Ltd.
- Panasonic Corp.
- Samsung SDI Co. Ltd.
Global Grid-Scale Electricity Storage Market Size, Share & Trends Analysis Report, By Technology (Grid-Scale Battery Storage, Compressed Air Energy Storage, Pumped Hydro Power, Flywheels, and Others), By Application (Electric Vehicle Charging, Renewable Energy Integration, Uninterruptible Power Supply (UPS), and Micro Grids), Forecast (2021-2027)
The global grid-scale electricity storage market is anticipated to grow at a considerable CAGR during the forecast period. The major factors contributing to the growth of the market include the increasing demand for integration and storage of electricity produced from renewable sources such as solar photovoltaic and wind energy. According to the International Renewable Energy Agency (IRENA), in 2020, 260 gigawatts (GW) of renewable energy capacity was added globally.
The global grid-scale electricity storage market is segmented based on technology and application. Based on technology, the grid-scale electricity storage market is segmented into grid-scale battery storage, compressed air energy storage, pumped hydro power, flywheels, and others. Based on application, the grid-scale electricity storage market is segmented into electric vehicle charging, renewable energy integration, uninterruptible power supply (ups), and micro grids.
Geographically, the global grid-scale electricity storage market covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and the Rest of the World. Some of the companies operating in the global grid-scale electricity storage market include Bosch Group, Duke Energy Corp., LG Chem Ltd., Panasonic Corp., and Samsung SDI Co. Ltd.
The global grid-scale electricity storage market is anticipated to grow at a considerable CAGR during the forecast period. The major factors contributing to the growth of the market include the increasing demand for integration and storage of electricity produced from renewable sources such as solar photovoltaic and wind energy. According to the International Renewable Energy Agency (IRENA), in 2020, 260 gigawatts (GW) of renewable energy capacity was added globally.
The global grid-scale electricity storage market is segmented based on technology and application. Based on technology, the grid-scale electricity storage market is segmented into grid-scale battery storage, compressed air energy storage, pumped hydro power, flywheels, and others. Based on application, the grid-scale electricity storage market is segmented into electric vehicle charging, renewable energy integration, uninterruptible power supply (ups), and micro grids.
Geographically, the global grid-scale electricity storage market covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and the Rest of the World. Some of the companies operating in the global grid-scale electricity storage market include Bosch Group, Duke Energy Corp., LG Chem Ltd., Panasonic Corp., and Samsung SDI Co. Ltd.
Market Segmentation
- Global Grid-Scale Electricity Storage Market Research and Analysis by Technology
- Global Grid-Scale Electricity Storage Market Research and Analysis by Application
The Report Covers
- Comprehensive research methodology of the global grid-scale electricity storage market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global grid-scale electricity storage market.
- Insights about market determinants that are stimulating the global grid-scale electricity storage market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
FEATURED COMPANIES
- Bosch Group
- Duke Energy Corp.
- LG Chem Ltd.
- Panasonic Corp.
- Samsung SDI Co. Ltd.
1. Report Summary
2. Market Overview and Insights
3. Market Determinants
4. Market Segmentation
5. Regional Analysis
6. Company Profiles
List of Tables
List of Figures
A selection of companies mentioned in this report includes:
- Bosch Group
- Duke Energy Corp.
- LG Chem Ltd.
- Panasonic Corp.
- Samsung SDI Co. Ltd.