Grid-Scale Battery Market by Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), Ownership-Model (Third-Party, Utility), Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power), and Region - Global Forecast to 2023
“The grid-scale battery market is expected to grow at a CAGR of 33.52% between 2017 and 2022.”
The grid-scale battery market is expected to grow from USD 1.37 billion in 2018 to USD 5.82 billion by 2023, at a CAGR of 33.52% between 2018 and 2023. Some of the major factors driving the growth of the market include the increasing investments in renewable energy and reducing costs of grid-scale batteries owing to technological advancements and expanded deployment.
“Renewable integration is expected to hold the largest share of the grid-scale battery market, by application, throughout the forecast period.”
The grid-scale battery market has been segmented on the basis of application into renewable integration, peak shifting, ancillary services, back-up power, and others (including microgrids, ramping, black start, and transmission/distribution upgrade deferral). Factors such as attainment of renewable targets and energy efficiency, and increased reliability, security and resiliency of microgrid applications are expected to drive the growth of the grid-scale battery market for renewable integration during the forecast period.
“Asia Pacific: Major market for grid-scale batteries”
Asia Pacific is expected to be the fastest-growing market for grid-scale batteries during the forecast period. It is the most populated region in the world, and consequently, is witnessing a high demand for electricity. Increasing investment in transmission and distribution of power is among the major factors driving the growth of the market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
The leading players in the grid-scale battery market are LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), BYD Company (China), ABB (Switzerland), GE (US), GS Yuasa (Japan), Toshiba (Japan), Saft (France), S&C Electric (US), and NGK Insulators (Japan).
Research Coverage:
The report provides a picture of the grid-scale battery market for the power industry across various regions. It forecasts and studies the size and future growth potential of the market, by type, application, ownership-model, in various regions, respectively. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their profiles, recent developments, and key market strategies.
The grid-scale battery market, in this report, has been segmented on the basis of type, application, ownership-model, and region with a focus on industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise the basic views on competitive landscape, emerging and high-growth segments of the grid-scale battery market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
1. The report identifies and addresses key application areas for the implementation of grid-scale batteries in the power industry; this would help manufacturers review the growth in demand for these batteries.
2. The report helps solution providers understand the pulse of the market and provide insights into market dynamics, such as drivers, restraints, opportunities, and challenges.
3. The report will enable key players to better understand their competitors’ strategies and help them in decision-making.
The grid-scale battery market is expected to grow from USD 1.37 billion in 2018 to USD 5.82 billion by 2023, at a CAGR of 33.52% between 2018 and 2023. Some of the major factors driving the growth of the market include the increasing investments in renewable energy and reducing costs of grid-scale batteries owing to technological advancements and expanded deployment.
“Renewable integration is expected to hold the largest share of the grid-scale battery market, by application, throughout the forecast period.”
The grid-scale battery market has been segmented on the basis of application into renewable integration, peak shifting, ancillary services, back-up power, and others (including microgrids, ramping, black start, and transmission/distribution upgrade deferral). Factors such as attainment of renewable targets and energy efficiency, and increased reliability, security and resiliency of microgrid applications are expected to drive the growth of the grid-scale battery market for renewable integration during the forecast period.
“Asia Pacific: Major market for grid-scale batteries”
Asia Pacific is expected to be the fastest-growing market for grid-scale batteries during the forecast period. It is the most populated region in the world, and consequently, is witnessing a high demand for electricity. Increasing investment in transmission and distribution of power is among the major factors driving the growth of the market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1–55%, Tier 2–31%, Tier 3–14%
- By Designation: C-Level Executives–28%, Directors–36%, Others–36%
- By Region: North America–35%, Europe–28%, Asia Pacific–24%, RoW–13%
The leading players in the grid-scale battery market are LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), BYD Company (China), ABB (Switzerland), GE (US), GS Yuasa (Japan), Toshiba (Japan), Saft (France), S&C Electric (US), and NGK Insulators (Japan).
Research Coverage:
The report provides a picture of the grid-scale battery market for the power industry across various regions. It forecasts and studies the size and future growth potential of the market, by type, application, ownership-model, in various regions, respectively. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their profiles, recent developments, and key market strategies.
The grid-scale battery market, in this report, has been segmented on the basis of type, application, ownership-model, and region with a focus on industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise the basic views on competitive landscape, emerging and high-growth segments of the grid-scale battery market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the grid-scale battery market
- Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the market for grid-scale battery across regions
- Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global grid-scale battery market
1. The report identifies and addresses key application areas for the implementation of grid-scale batteries in the power industry; this would help manufacturers review the growth in demand for these batteries.
2. The report helps solution providers understand the pulse of the market and provide insights into market dynamics, such as drivers, restraints, opportunities, and challenges.
3. The report will enable key players to better understand their competitors’ strategies and help them in decision-making.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.2 MARKET SIZE ESTIMATION
2.2.1 IDEAL DEMAND SIDE ANALYSIS
2.2.1.1 Assumptions
2.2.1.2 Limitations
2.2.2 SUPPLY SIDE ANALYSIS
2.2.2.1 Calculation
2.2.3 FORECAST
2.3 SOME INSIGHTS FROM THE INDUSTRY EXPERTS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE GRID-SCALE BATTERY MARKET
4.2 GRID-SCALE BATTERY MARKET, BY TYPE
4.3 GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL
4.4 GRID-SCALE BATTERY MARKET, BY APPLICATION
4.5 ASIA PACIFIC GRID-SCALE BATTERY MARKET, BY TYPE & COUNTRY
4.6 GRID-SCALE BATTERY MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing renewable energy investments
5.2.1.2 Reduction in cost owing to technological advancements and expanded deployment
5.2.1.3 Government subsidies and regulations for enhancing energy efficiency
5.2.2 RESTRAINTS
5.2.2.1 Hazardous environmental effects for disposal
5.2.2.2 High capital investments
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing focus on rural electrification
5.2.3.2 Development of molten-salt battery technology
5.2.4 CHALLENGES
5.2.4.1 Installation of grid-scale battery in remote locations
6 GRID-SCALE BATTERY MARKET, BY BATTERY TYPE
6.1 INTRODUCTION
6.2 LITHIUM-ION
6.3 LEAD ACID
6.4 FLOW BATTERY
6.5 SODIUM-BASED BATTERY
6.6 OTHERS
6.6.1 NICKEL–CADMIUM BATTERY
6.6.2 NICKEL METAL HYDRIDE BATTERY
6.6.3 NICKEL–IRON BATTERY
7 GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL
7.1 INTRODUCTION
7.2 THIRD-PARTY-OWNED
7.3 UTILITY-OWNED
8 GRID-SCALE BATTERY MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 PEAK SHIFTING/SHAVING
8.3 RENEWABLE INTEGRATION
8.4 ANCILLARY SERVICES
8.5 BACKUP POWER
8.6 OTHERS
9 GRID-SCALE BATTERY MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 BY TYPE
9.2.2 BY OWNERSHIP MODEL
9.2.3 BY APPLICATION
9.2.4 BY COUNTRY
9.2.4.1 US
9.2.4.2 Canada
9.3 ASIA PACIFIC
9.3.1 BY TYPE
9.3.2 BY OWNERSHIP MODEL
9.3.3 BY APPLICATION
9.3.4 BY COUNTRY
9.3.4.1 China
9.3.4.2 Australia
9.3.4.3 India
9.3.4.4 Japan
9.3.4.5 South Korea
9.3.4.6 Rest of Asia Pacific
9.4 EUROPE
9.4.1 BY TYPE
9.4.2 BY OWNERSHIP MODEL
9.4.3 BY APPLICATION
9.4.4 BY COUNTRY
9.4.4.1 Germany
9.4.4.2 UK
9.4.4.3 France
9.4.4.4 Italy
9.4.4.5 Rest of Europe
9.5 REST OF THE WORLD
9.5.1 BY TYPE
9.5.2 BY OWNERSHIP MODEL
9.5.3 BY APPLICATION
9.5.4 BY REGION
9.5.4.1 Middle East
9.5.4.2 Africa
9.5.4.3 Latin America
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 RANKING OF PLAYERS & INDUSTRY CONCENTRATION, 2017
10.3 COMPETITIVE SCENARIO
10.3.1 CONTRACT & AGREEMENT
10.3.2 NEW PRODUCT LAUNCH
10.3.3 INVESTMENT & EXPANSION
10.3.4 JOINT VENTURE/DIVESTMENT/MERGER & ACQUISITION/PARTNERSHIP & COLLABORATION/ STRATEGIC ALLIANCE
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1 BENCHMARKING
11.2 LG CHEM, LTD.
11.3 SAMSUNG SDI CO., LTD.
11.4 PANASONIC CORPORATION
11.5 FLUENCE ENERGY, LLC
11.6 TESLA
11.7 BYD COMPANY LIMITED
11.8 ABB
11.9 GENERAL ELECTRIC (GE)
11.10 GS YUASA CORPORATION
11.11 TOSHIBA
11.12 SAFT GROUPE S.A.
11.13 S&C ELECTRIC COMPANY
11.14 NGK INSULATORS
*Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12 APPENDIX
12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 OTHER KEY COMPANIES
12.3 DISCUSSION GUIDE
12.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.5 AVAILABLE CUSTOMIZATIONS
12.6 RELATED REPORTS
12.7 AUTHOR DETAILS
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.2 MARKET SIZE ESTIMATION
2.2.1 IDEAL DEMAND SIDE ANALYSIS
2.2.1.1 Assumptions
2.2.1.2 Limitations
2.2.2 SUPPLY SIDE ANALYSIS
2.2.2.1 Calculation
2.2.3 FORECAST
2.3 SOME INSIGHTS FROM THE INDUSTRY EXPERTS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE GRID-SCALE BATTERY MARKET
4.2 GRID-SCALE BATTERY MARKET, BY TYPE
4.3 GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL
4.4 GRID-SCALE BATTERY MARKET, BY APPLICATION
4.5 ASIA PACIFIC GRID-SCALE BATTERY MARKET, BY TYPE & COUNTRY
4.6 GRID-SCALE BATTERY MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing renewable energy investments
5.2.1.2 Reduction in cost owing to technological advancements and expanded deployment
5.2.1.3 Government subsidies and regulations for enhancing energy efficiency
5.2.2 RESTRAINTS
5.2.2.1 Hazardous environmental effects for disposal
5.2.2.2 High capital investments
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing focus on rural electrification
5.2.3.2 Development of molten-salt battery technology
5.2.4 CHALLENGES
5.2.4.1 Installation of grid-scale battery in remote locations
6 GRID-SCALE BATTERY MARKET, BY BATTERY TYPE
6.1 INTRODUCTION
6.2 LITHIUM-ION
6.3 LEAD ACID
6.4 FLOW BATTERY
6.5 SODIUM-BASED BATTERY
6.6 OTHERS
6.6.1 NICKEL–CADMIUM BATTERY
6.6.2 NICKEL METAL HYDRIDE BATTERY
6.6.3 NICKEL–IRON BATTERY
7 GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL
7.1 INTRODUCTION
7.2 THIRD-PARTY-OWNED
7.3 UTILITY-OWNED
8 GRID-SCALE BATTERY MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 PEAK SHIFTING/SHAVING
8.3 RENEWABLE INTEGRATION
8.4 ANCILLARY SERVICES
8.5 BACKUP POWER
8.6 OTHERS
9 GRID-SCALE BATTERY MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 BY TYPE
9.2.2 BY OWNERSHIP MODEL
9.2.3 BY APPLICATION
9.2.4 BY COUNTRY
9.2.4.1 US
9.2.4.2 Canada
9.3 ASIA PACIFIC
9.3.1 BY TYPE
9.3.2 BY OWNERSHIP MODEL
9.3.3 BY APPLICATION
9.3.4 BY COUNTRY
9.3.4.1 China
9.3.4.2 Australia
9.3.4.3 India
9.3.4.4 Japan
9.3.4.5 South Korea
9.3.4.6 Rest of Asia Pacific
9.4 EUROPE
9.4.1 BY TYPE
9.4.2 BY OWNERSHIP MODEL
9.4.3 BY APPLICATION
9.4.4 BY COUNTRY
9.4.4.1 Germany
9.4.4.2 UK
9.4.4.3 France
9.4.4.4 Italy
9.4.4.5 Rest of Europe
9.5 REST OF THE WORLD
9.5.1 BY TYPE
9.5.2 BY OWNERSHIP MODEL
9.5.3 BY APPLICATION
9.5.4 BY REGION
9.5.4.1 Middle East
9.5.4.2 Africa
9.5.4.3 Latin America
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 RANKING OF PLAYERS & INDUSTRY CONCENTRATION, 2017
10.3 COMPETITIVE SCENARIO
10.3.1 CONTRACT & AGREEMENT
10.3.2 NEW PRODUCT LAUNCH
10.3.3 INVESTMENT & EXPANSION
10.3.4 JOINT VENTURE/DIVESTMENT/MERGER & ACQUISITION/PARTNERSHIP & COLLABORATION/ STRATEGIC ALLIANCE
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1 BENCHMARKING
11.2 LG CHEM, LTD.
11.3 SAMSUNG SDI CO., LTD.
11.4 PANASONIC CORPORATION
11.5 FLUENCE ENERGY, LLC
11.6 TESLA
11.7 BYD COMPANY LIMITED
11.8 ABB
11.9 GENERAL ELECTRIC (GE)
11.10 GS YUASA CORPORATION
11.11 TOSHIBA
11.12 SAFT GROUPE S.A.
11.13 S&C ELECTRIC COMPANY
11.14 NGK INSULATORS
*Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12 APPENDIX
12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 OTHER KEY COMPANIES
12.3 DISCUSSION GUIDE
12.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.5 AVAILABLE CUSTOMIZATIONS
12.6 RELATED REPORTS
12.7 AUTHOR DETAILS
LIST OF TABLES
TABLE 1 INCREASING RENEWABLE ENERGY INVESTMENTS AND REDUCING
COST OF BATTERIES ARE THE KEY GROWTH DRIVERS FOR THE
GLOBAL GRID-SCALE BATTERY MARKET
TABLE 2 GRID-SCALE BATTERY MARKET SNAPSHOT
TABLE 3 CAPITAL, OPERATIONAL, AND CHARGING COSTS FOR GRID-SCALE
BATTERY MARKET
TABLE 4 COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES
TABLE 5 GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 6 LITHIUM-ION: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 7 LEAD ACID: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 8 FLOW BATTERY: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 9 SODIUM-BASED BATTERY: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 10 OTHERS: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 11 GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 12 THIRD-PARTY-OWNED: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 13 PROJECTS BASED ON GRID-SCALE BATTERY SYSTEMS
TABLE 14 UTILITY-OWNED: GRID-SCALE BATTERY MARKET, BY REGION,
2016–2023 (USD MILLION)
TABLE 15 GRID-SCALE BATTERY MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 16 PEAK SHIFTING: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 17 RENEWABLE INTEGRATION: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 18 ANCILLARY SERVICES: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 19 BACK-UP POWER: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 20 OTHERS: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 21 GRID-SCALE BATTERY MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 22 GRID-SCALE BATTERY MARKET SIZE, BY REGION, 2016–2023 (MW)
TABLE 23 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 24 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
TABLE 25 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 26 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL,
2016–2023 (MW)
TABLE 27 NORTH AMERICA: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 28 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 29 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (MW)
TABLE 30 EVENTS FOR GRID-SCALE BATTERY MARKET IN THE US
TABLE 31 US: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 32 CANADA: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 33 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 34 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE,
2016–2023 (MW)
TABLE 35 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 36 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
TABLE 37 ASIA PACIFIC: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 38 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 39 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (MW)
TABLE 40 CHINA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 41 AUSTRALIA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (THOUSAND MILLION)
TABLE 42 INDIA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 43 KEY GRID-SCALE BATTERY PROJECTS, 2015 ONWARDS
TABLE 44 JAPAN: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 45 SOUTH KOREA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 46 REST OF ASIA PACIFIC: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 47 EUROPE: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 48 EUROPE: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
TABLE 49 EUROPE: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 50 EUROPE: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
TABLE 51 EUROPE: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 52 EUROPE: GRID-SCALE BATTERY MARKET, BY COUNTRY,
2016–2023 (USD MILLION)
TABLE 53 EUROPE: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (MW)
TABLE 54 GERMANY: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 55 GRID-SCALE BATTERY EVENTS IN THE UK
TABLE 56 UK: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 57 FRANCE: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 58 ITALY: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 59 ROE: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 60 UPCOMING EVENTS RELATED TO GRID-SCALE BATTERY MARKET
SYSTEM IN THE ROW
TABLE 61 ROW: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 62 ROW: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
TABLE 63 ROW: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 64 ROW: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
TABLE 65 ROW: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 66 ROW: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 67 ROW: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (MW)
TABLE 68 MIDDLE EAST: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 69 AFRICA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 70 LATIN AMERICA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 71 CONTRACTS & AGREEMENTS, 2015–MAY 2018
TABLE 72 NEW PRODUCT LAUNCHES, 2015–FEBRUARY 2018
TABLE 73 INVESTMENTS AND EXPANSIONS, 2015–FEBRUARY 2018
TABLE 74 JOINT VENTURES/DIVESTMENTS/MERGERS & ACQUISITIONS/PARTNERSHIPS & COLLABORATIONS/STRATEGIC ALLIANCES, 2015–FEBRUARY 2018
TABLE 1 INCREASING RENEWABLE ENERGY INVESTMENTS AND REDUCING
COST OF BATTERIES ARE THE KEY GROWTH DRIVERS FOR THE
GLOBAL GRID-SCALE BATTERY MARKET
TABLE 2 GRID-SCALE BATTERY MARKET SNAPSHOT
TABLE 3 CAPITAL, OPERATIONAL, AND CHARGING COSTS FOR GRID-SCALE
BATTERY MARKET
TABLE 4 COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES
TABLE 5 GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 6 LITHIUM-ION: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 7 LEAD ACID: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 8 FLOW BATTERY: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 9 SODIUM-BASED BATTERY: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 10 OTHERS: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 11 GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 12 THIRD-PARTY-OWNED: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 13 PROJECTS BASED ON GRID-SCALE BATTERY SYSTEMS
TABLE 14 UTILITY-OWNED: GRID-SCALE BATTERY MARKET, BY REGION,
2016–2023 (USD MILLION)
TABLE 15 GRID-SCALE BATTERY MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 16 PEAK SHIFTING: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 17 RENEWABLE INTEGRATION: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 18 ANCILLARY SERVICES: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 19 BACK-UP POWER: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 20 OTHERS: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 21 GRID-SCALE BATTERY MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 22 GRID-SCALE BATTERY MARKET SIZE, BY REGION, 2016–2023 (MW)
TABLE 23 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 24 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
TABLE 25 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 26 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL,
2016–2023 (MW)
TABLE 27 NORTH AMERICA: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 28 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 29 NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (MW)
TABLE 30 EVENTS FOR GRID-SCALE BATTERY MARKET IN THE US
TABLE 31 US: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 32 CANADA: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 33 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 34 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE,
2016–2023 (MW)
TABLE 35 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 36 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
TABLE 37 ASIA PACIFIC: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 38 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
TABLE 39 ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (MW)
TABLE 40 CHINA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 41 AUSTRALIA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (THOUSAND MILLION)
TABLE 42 INDIA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 43 KEY GRID-SCALE BATTERY PROJECTS, 2015 ONWARDS
TABLE 44 JAPAN: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 45 SOUTH KOREA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 46 REST OF ASIA PACIFIC: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 47 EUROPE: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 48 EUROPE: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
TABLE 49 EUROPE: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 50 EUROPE: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
TABLE 51 EUROPE: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 52 EUROPE: GRID-SCALE BATTERY MARKET, BY COUNTRY,
2016–2023 (USD MILLION)
TABLE 53 EUROPE: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (MW)
TABLE 54 GERMANY: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 55 GRID-SCALE BATTERY EVENTS IN THE UK
TABLE 56 UK: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 57 FRANCE: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 58 ITALY: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 59 ROE: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 60 UPCOMING EVENTS RELATED TO GRID-SCALE BATTERY MARKET
SYSTEM IN THE ROW
TABLE 61 ROW: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
TABLE 62 ROW: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
TABLE 63 ROW: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
TABLE 64 ROW: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
TABLE 65 ROW: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
TABLE 66 ROW: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
TABLE 67 ROW: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (MW)
TABLE 68 MIDDLE EAST: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 69 AFRICA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 70 LATIN AMERICA: GRID-SCALE BATTERY MARKET SIZE, BY BATTERY TYPE, 2016–2023 (USD THOUSAND)
TABLE 71 CONTRACTS & AGREEMENTS, 2015–MAY 2018
TABLE 72 NEW PRODUCT LAUNCHES, 2015–FEBRUARY 2018
TABLE 73 INVESTMENTS AND EXPANSIONS, 2015–FEBRUARY 2018
TABLE 74 JOINT VENTURES/DIVESTMENTS/MERGERS & ACQUISITIONS/PARTNERSHIPS & COLLABORATIONS/STRATEGIC ALLIANCES, 2015–FEBRUARY 2018
LIST OF FIGURES
FIGURE 1 GRID-SCALE BATTERY MARKET SEGMENTATION
FIGURE 2 REGIONAL SCOPE: GRID-SCALE BATTERY MARKET
FIGURE 3 GRID-SCALE BATTERY MARKET
FIGURE 4 LITHIUM-ION SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 5 THIRD-PARTY-OWNED SEGMENT IS EXPECTED TO LEAD THE GRID-SCALE BATTERY MARKET DURING THE FORECAST PERIOD
FIGURE 6 RENEWABLE INTEGRATION SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 7 ASIA PACIFIC TO DOMINATE THE GRID-SCALE BATTERY MARKET IN 2017
FIGURE 8 INCREASING RENEWABLE ENERGY INVESTMENTS ARE DRIVING THE GRID-SCALE BATTERY MARKET
FIGURE 9 LITHIUM-ION SEGMENT IS EXPECTED TO DOMINATE THE GRID-SCALE BATTERY MARKET DURING THE FORECAST PERIOD
FIGURE 10 THIRD-PARTY-OWNED SEGMENT DOMINATED THE GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, IN 2017
FIGURE 11 RENEWABLE INTEGRATION SEGMENT DOMINATED THE GRID-SCALE BATTERY MARKET, BY APPLICATION, IN 2017
FIGURE 12 LITHIUM-ION SEGMENT (BY TYPE) AND SOUTH KOREA (BY COUNTRY) DOMINATED THE GRID-SCALE BATTERY MARKET IN ASIA PACIFIC
FIGURE 13 THE MARKET IN INDIA IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, & CHALLENGES OF THE GRID-SCALE BATTERY MARKET
FIGURE 15 INVESTMENT IN RENEWABLE ENERGY SOURCES, 2004–2016 (USD BILLION)
FIGURE 16 LITHIUM-ION SEGMENT DOMINATED THE GRID-SCALE BATTERY MARKET IN 2017
FIGURE 17 THIRD-PARTY-OWNED SEGMENT DOMINATED THE GRID-SCALE BATTERY MARKET IN 2017
FIGURE 18 NUMBER OF PROJECTS BY RTO/ISO AND TYPE OF OWNERSHIP
FIGURE 19 RENEWABLE INTEGRATION SEGMENT IS EXPECTED TO LEAD THE GRID-SCALE BATTERY MARKET DURING THE FORECAST PERIOD
FIGURE 20 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 21 NORTH AMERICA LED THE GRID-SCALE BATTERY MARKET IN 2017, BY VALUE
FIGURE 22 NORTH AMERICA: GRID-SCALE BATTERY MARKET SNAPSHOT
FIGURE 23 ASIA PACIFIC: GRID-SCALE BATTERY MARKET SNAPSHOT
FIGURE 24 CONTRACTS & AGREEMENTS IS THE MOST WIDELY ADOPTED DEVELOPMENT STRATEGY BETWEEN 2015 AND MAY 2018
FIGURE 25 SAMSUNG LED THE GRID-SCALE BATTERY MARKET IN 2017
FIGURE 26 LG CHEM: COMPANY SNAPSHOT
FIGURE 27 SAMSUNG: COMPANY SNAPSHOT
FIGURE 28 PANASONIC: COMPANY SNAPSHOT
FIGURE 29 TESLA: COMPANY SNAPSHOT
FIGURE 30 BYD COMPANY: COMPANY SNAPSHOT
FIGURE 31 ABB: COMPANY SNAPSHOT
FIGURE 32 GE: COMPANY SNAPSHOT
FIGURE 33 GS YUASA: COMPANY SNAPSHOT
FIGURE 34 TOSHIBA: COMPANY SNAPSHOT
FIGURE 35 NGK INSULATORS: COMPANY SNAPSHOT
FIGURE 1 GRID-SCALE BATTERY MARKET SEGMENTATION
FIGURE 2 REGIONAL SCOPE: GRID-SCALE BATTERY MARKET
FIGURE 3 GRID-SCALE BATTERY MARKET
FIGURE 4 LITHIUM-ION SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 5 THIRD-PARTY-OWNED SEGMENT IS EXPECTED TO LEAD THE GRID-SCALE BATTERY MARKET DURING THE FORECAST PERIOD
FIGURE 6 RENEWABLE INTEGRATION SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 7 ASIA PACIFIC TO DOMINATE THE GRID-SCALE BATTERY MARKET IN 2017
FIGURE 8 INCREASING RENEWABLE ENERGY INVESTMENTS ARE DRIVING THE GRID-SCALE BATTERY MARKET
FIGURE 9 LITHIUM-ION SEGMENT IS EXPECTED TO DOMINATE THE GRID-SCALE BATTERY MARKET DURING THE FORECAST PERIOD
FIGURE 10 THIRD-PARTY-OWNED SEGMENT DOMINATED THE GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, IN 2017
FIGURE 11 RENEWABLE INTEGRATION SEGMENT DOMINATED THE GRID-SCALE BATTERY MARKET, BY APPLICATION, IN 2017
FIGURE 12 LITHIUM-ION SEGMENT (BY TYPE) AND SOUTH KOREA (BY COUNTRY) DOMINATED THE GRID-SCALE BATTERY MARKET IN ASIA PACIFIC
FIGURE 13 THE MARKET IN INDIA IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, & CHALLENGES OF THE GRID-SCALE BATTERY MARKET
FIGURE 15 INVESTMENT IN RENEWABLE ENERGY SOURCES, 2004–2016 (USD BILLION)
FIGURE 16 LITHIUM-ION SEGMENT DOMINATED THE GRID-SCALE BATTERY MARKET IN 2017
FIGURE 17 THIRD-PARTY-OWNED SEGMENT DOMINATED THE GRID-SCALE BATTERY MARKET IN 2017
FIGURE 18 NUMBER OF PROJECTS BY RTO/ISO AND TYPE OF OWNERSHIP
FIGURE 19 RENEWABLE INTEGRATION SEGMENT IS EXPECTED TO LEAD THE GRID-SCALE BATTERY MARKET DURING THE FORECAST PERIOD
FIGURE 20 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 21 NORTH AMERICA LED THE GRID-SCALE BATTERY MARKET IN 2017, BY VALUE
FIGURE 22 NORTH AMERICA: GRID-SCALE BATTERY MARKET SNAPSHOT
FIGURE 23 ASIA PACIFIC: GRID-SCALE BATTERY MARKET SNAPSHOT
FIGURE 24 CONTRACTS & AGREEMENTS IS THE MOST WIDELY ADOPTED DEVELOPMENT STRATEGY BETWEEN 2015 AND MAY 2018
FIGURE 25 SAMSUNG LED THE GRID-SCALE BATTERY MARKET IN 2017
FIGURE 26 LG CHEM: COMPANY SNAPSHOT
FIGURE 27 SAMSUNG: COMPANY SNAPSHOT
FIGURE 28 PANASONIC: COMPANY SNAPSHOT
FIGURE 29 TESLA: COMPANY SNAPSHOT
FIGURE 30 BYD COMPANY: COMPANY SNAPSHOT
FIGURE 31 ABB: COMPANY SNAPSHOT
FIGURE 32 GE: COMPANY SNAPSHOT
FIGURE 33 GS YUASA: COMPANY SNAPSHOT
FIGURE 34 TOSHIBA: COMPANY SNAPSHOT
FIGURE 35 NGK INSULATORS: COMPANY SNAPSHOT
