Stationary Batteries Industry, Global, 2025-2035

Energy Storage and Critical Power Requirements Drive Battery Usage

Governments and companies are investing heavily in renewable energy, especially solar pv and wind, to reduce carbon emissions and fossil fuel dependency. The intermittent nature of renewables requires investment in complimentary grid support solutions. Battery energy storage solutions can provide stability to grids and revenue opportunities for owners. Li-ion batteries dominate this segment. Beyond battery energy storage, the situation is different. Lead acid batteries are well-established in many end-user segments, providing companies with a cost-effective solution, and dominate segments such as telecom, utility equipment, industrial, and datacenters. However li-ion will make significant inroads as the technology reaches price parity with lead acid.

The total market size for stationary batteries will increase from $33.4 billion in 2024 to $111.2 billion in 2035, at a compound annual growth rate (CAGR) of 12.8%. The majority of this growth comes from grid, commercial & industrial, and residential battery energy storage systems. Cost, availability, recycling, replacement, and maintenance play a significant role in determining battery choice, as consumers become cost-conscious and have access to a wide product range. The specific region and a reluctance to move away from established technologies also impact battery choice. Government incentives drive new battery chemistry adoption and will be crucial to future deployment.