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Grid-scale Battery Storage Market Size, Share & Trends Analysis Report By Product (Lead Acid, Li-ion) By Application (Renewable Integration, Ancillary Services), By Region (APAC, North America), And Segment Forecasts, 2020 - 2027

June 2020 | 130 pages | ID: G316D9A547FCEN
Grand View Research, Inc.

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Grid-scale Battery Storage Market Growth & Trends

The global grid-scale battery storage market size is expected to reach USD 15.04 billion by 2027 registering a CAGR of 24.4%, according to a new report by Grand View Research, Inc. An increase in the number of grid infrastructure, government initiatives, and investments to develop battery technologies and its storage capacity will propel the overall demand.

Increasing awareness among consumers, expanded deployment, utility sectors, technological advancements, and a push from various governments to adopt clean power energy generated by renewable sources are few factors that drive the demand for grid-scale battery storage across the globe. The market in North America accounted for around 21.09% of the global share in 2019.

Asia Pacific is anticipated to register the fastest CAGR from 2020 to 2027 owing to rapid urbanization, transmission & distribution system, increasing industrialization, and subsidies provided by the government for grid-scale battery storage capacity, mainly in the developing countries of India, China, and Singapore.

Considerable developments and investments in renewable energy projects are driving down the cost of lithium-ion batteries, thus increasing the demand for grid-scale storage batteries. The expansions in the grid-scale battery storage are being determined by upgradation of infrastructures, with favorable regulation, and improving system costs. However, exploring of new geographical markets and help in opening of the need for energy storage systems will spur the market development.

Grid-scale Battery Storage Market Report Highlights
  • The Lithium-ion battery type segment accounted for 84.09% of the global revenue share in 2019
  • Other battery types include Sodium sulphur batteries, flow batteries. These batteries are expected to gain market share during the forecast period
  • Asia Pacific region is projected to expand at the highest CAGR during the forecast period. China is expected to account for the maximum share in the regional market, in terms of revenue
  • North America is likely to display a moderate growth rate during the projected period
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market segmentation & scope
1.2. Information procurement
  1.2.1. Purchased database
  1.2.2. GVR’s internal database
  1.2.3. Secondary sources & third-party perspectives
  1.2.4. Primary research
1.3. Information analysis
  1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing

CHAPTER 2. EXECUTIVE SUMMARY


CHAPTER 3. MARKET DEFINITIONS


CHAPTER 4. GRID-SCALE BATTERY STORAGE MARKET VARIABLES, TRENDS & SCOPE

4.1. Market Size and Growth Prospects
4.2. Industry Value Chain Analysis
4.3. Market Dynamics
  4.3.1. Market Driver Analysis
  4.3.2. Market Restraint/ Challenges Analysis
  4.3.3. Opportunity Assessment
4.4. Penetration & Growth Prospect Mapping
4.5. Regulatory Framework
4.6. Business Environment Analysis Tools
  4.6.1. Industry Analysis - Porter’s
  4.6.2. PESTEL Analysis

CHAPTER 5. GRID-SCALE BATTERY STORAGE MARKET TYPE OUTLOOK

5.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (USD Million)
5.2. Lithium Ion
  5.2.1. Market estimates and forecasts by region, 2016 - 2027 (USD Million)
5.3. Lead Acid
  5.3.1. Market estimates and forecasts by region, 2016 - 2027 (USD Million)
5.4. Others
  5.4.1. Market estimates and forecasts by region, 2016 - 2027 (USD Million)

CHAPTER 6. GRID-SCALE BATTERY STORAGE MARKET APPLICATION OUTLOOK

6.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (USD Million)
6.2. Renewable Integration
  6.2.1. Market estimates and forecasts by region, 2016 - 2027 (USD Million)
6.3. Ancillary Services
  6.3.1. Market estimates and forecasts by region, 2016 - 2027 (USD Million)
6.4. Others
  6.4.1. Market estimates and forecasts by region, 2016 - 2027 (USD Million)

CHAPTER 7. GRID-SCALE BATTERY STORAGE REGIONAL OUTLOOK

7.1. Grid-Scale Battery Storage Market, By Region, 2019 & 2027
7.2. North America
  7.2.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
  7.2.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.2.3. U.S.
    7.2.3.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.2.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.2.4. Canada
    7.2.4.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.2.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.2.5. Mexico
    7.2.5.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.2.5.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
7.3. Europe
  7.3.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
  7.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.3.3. Germany
    7.3.3.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.3.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.3.4. U.K.
    7.3.4.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.3.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.3.5. France
    7.3.5.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.3.5.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.3.6. Spain
    7.3.6.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.3.6.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.3.7. Italy
    7.3.7.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.3.7.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
7.4. Asia Pacific
  7.4.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
  7.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.4.3. China
    7.4.3.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.4.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.4.4. India
    7.4.4.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.4.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.4.5. Japan
    7.4.5.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.4.5.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
7.5. Central and South America
  7.5.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
  7.5.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.5.3. Brazil
    7.5.3.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.5.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.5.4. Chile
    7.5.4.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.5.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
7.6. MEA
  7.6.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
  7.6.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.6.3. South Africa
    7.6.3.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.6.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.6.4. Morocco
    7.6.4.1. Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
    7.6.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. NGK Insulators Ltd.
  8.1.1. Company overview
  8.1.2. Financial performance
  8.1.3. Product benchmarking
  8.1.4. Recent developments
8.2. Sumitomo Electric Industries, Ltd.
  8.2.1. Company overview
  8.2.2. Financial performance
  8.2.3. Product benchmarking
  8.2.4. Recent developments
8.3. General Electric
  8.3.1. Company overview
  8.3.2. Financial performance
  8.3.3. Product benchmarking
  8.3.4. Recent developments
8.4. Samsung SDI Co. Ltd.
  8.4.1. Company overview
  8.4.2. Financial performance
  8.4.3. Product benchmarking
  8.4.4. Recent developments
8.5. Mitsubishi Electric Corporation
  8.5.1. Company overview
  8.5.2. Product benchmarking
  8.5.3. Product benchmarking
  8.5.4. Recent developments
8.6. Panasonic Corporation
  8.6.1. Company overview
  8.6.2. Financial performance
  8.6.3. Product benchmarking
  8.6.4. Recent developments
8.7. ABB Group
  8.7.1. Company overview
  8.7.2. Financial performance
  8.7.3. Product benchmarking
  8.7.4. Recent developments
8.8. Hitachi Ltd
  8.8.1. Company overview
  8.8.2. Financial performance
  8.8.3. Product benchmarking
  8.8.4. Recent developments
8.9. LG Chem Ltd.
  8.9.1. Company overview
  8.9.2. Financial performance
  8.9.3. Product benchmarking
  8.9.4. Recent developments
8.10. Toshiba
  8.10.1. Company overview
  8.10.2. Financial performance
  8.10.3. Product benchmarking
  8.10.4. Recent developments
8.11. S&C Electric Company
  8.11.1. Company overview
  8.11.2. Financial performance
  8.11.3. Product benchmarking
  8.11.4. Recent developments
8.12. Saft
  8.12.1. Company overview
  8.12.2. Financial performance
  8.12.3. Product benchmarking
  8.12.4. Recent developments
8.13. ENERSYS
  8.13.1. Company overview
  8.13.2. Financial performance
  8.13.3. Product benchmarking
  8.13.4. Recent developments
8.14. Fluence Energy, LLC
  8.14.1. Company overview
  8.14.2. Financial performance
  8.14.3. Product benchmarking
  8.14.4. Recent developments
8.15. Tesla
  8.15.1. Company overview
  8.15.2. Financial performance
  8.15.3. Product benchmarking
  8.15.4. Recent developments
LIST OF TABLES

TABLE 1 Global Grid-Scale Battery Storage Market, 2016 - 2027 (USD Million)
TABLE 2 Global Grid-Scale Battery Storage Market estimates and forecasts by Type, 2016 - 2027 (USD Million)
TABLE 3 Global Grid-Scale Battery Storage Market estimates and forecasts by application, 2016 - 2027 (USD Million)
TABLE 4 Grid-Scale Battery Storage - Key Market Restraint
TABLE 5 Global Lithium Ion Grid-Scale Battery Storage market by region, 2016 - 2027 (USD Million)
TABLE 6 Global Lead Acid Grid-Scale Battery Storage market by region, 2016 - 2027 (USD Million)
TABLE 7 Global Others Grid-Scale Battery Storage market by region, 2016 - 2027 (USD Million)
TABLE 8 Global Renewable Integration Grid-Scale Battery Storage Market by region, 2016 - 2027 (USD Million)
TABLE 9 Global Ancillary Services Grid-Scale Battery Storage Market by region, 2016 - 2027 (USD Million)
TABLE 10 Global Others Grid-Scale Battery Storage Market by region, 2016 - 2027 (USD Million)
TABLE 11 North America Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 12 North America Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 13 U.S. Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 14 U.S. Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 15 Canada Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 16 Canada Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 17 Mexico Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 18 Mexico Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 19 Europe Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 20 Europe Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 21 Germany Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 22 Germany Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 23 U.K. Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 24 U.K. Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 25 Russia Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 26 Russia Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 27 France Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 28 France Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 29 Asia Pacific Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 30 Asia Pacific Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 31 China Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 32 China Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 33 India Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 34 India Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 35 Japan Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 36 Japan Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 37 South Korea Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 38 South Korea Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 39 Central and South America Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 40 Central and South America Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 41 Brazil Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 42 Brazil Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 43 MEA Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 44 MEA Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
TABLE 45 UAE Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
TABLE 46 UAE Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
LIST OF FIGURES

FIG. 1 Market segmentation & scope
FIG. 2 Grid-Scale Battery Storage market size and growth prospects
FIG. 3 Grid-Scale Battery Storage Value chain analysis
FIG. 4 Market Dynamics
FIG. 5 Grid-Scale Battery Storage Market- Penetration & Growth Prospect Mapping
FIG. 6 Porter’s Five Forces Analysis
FIG. 7 PEST Analysis for Grid-Scale Battery Storage Industry
FIG. 8 Regional outlook, 2019 & 2027
FIG. 9 North America Grid-Scale Battery Storage market by Type, 2016 - 2027 (MW)(USD Million)
FIG. 10 North America Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 11 U.S. Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 12 U.S. Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 13 Canada Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 14 Canada Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 15 Mexico Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 16 Mexico Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 17 Europe Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 18 Europe Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 19 Germany Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 20 Germany Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 21 U.K. Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 22 U.K. Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 23 France Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 24 France Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 25 Russia Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 26 Russia Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 27 Asia Pacific Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 28 Asia Pacific Grid-Scale Battery Storage market by application, 2016 - 2027 (USFD Million)
FIG. 29 China Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 30 China Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 31 India Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 32 India Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 33 Japan Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 34 Japan Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 35 South Korea Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 36 South Korea Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 37 Central and South America Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 38 Central and South America Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 40 Brazil Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 41 Brazil Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 42 MEA Grid-Scale Battery Storage market by Type,2016 - 2027 (USD Million)
FIG. 43 MEA Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)
FIG. 44 UAE Grid-Scale Battery Storage market by Type, 2016 - 2027 (USD Million)
FIG. 45 UAE Grid-Scale Battery Storage market by application, 2016 - 2027 (USD Million)


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