Order Now
Order Now
Order Now
Visit MCG's Reports' Library
Request a Free Report Sample
Buy It Now
Buy It Now
Buy It Now
 
 
 
Report Snapshots
Grid-Scale Battery Market- Trends, Opportunity & Forecast, 2027

Global Grid-Scale Battery Market Size By Type (Lead Acid, Lithium-Ion, Sodium based, Flow Battery, Others), By Application(Renewable Integration, Backup power, Peak Shift, Ancillary Services, Others ), By Ownership (Third-party, Utility), Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2020-2027

Market Overview

Global Grid-Scale Battery Market is expected to reach over USD 10 Billion by 2027 at a CAGR of over 35% during 2020-27 due to the rising demand for clean energy. Grid-Scale battery refers to storing the electricity produced by wind or solar panels on a large scale. The electricity is stored in a battery and it is used for later purposes. The grid-scale battery is more reliable and flexible. With rising urbanization and industrialization, the need for electricity is increasing rapidly. To meet this rising demand, major energy developers are creating innovative solutions. The grid-scale battery helps energy companies to maintain a consistent flow of power to consumers. It improves power quality management, Peak-load management, and pave way for ancillary market services. Moreover, it helps in shifting load during peak time. Technologies like Peak shifting help the organization to reduce its overall energy consumption by leveling their peaks and thereby reduce their utility bills. 

Increasing demand for alternate energy and low battery cost are the driving factors for the global grid-scale battery market. Moreover, setting up grid-scale battery storage is easy and can be built within a few months compared to the conventional storage methods which are complex and requires different techniques for different geographical location. Grid-scale batteries are a promising solution for a sustainable energy future as it has zero emissions and requires no water or fuel infrastructure. 

Additional capital costs and environmental impacts are the major restraints of the Grid-scale battery market. However, government regulations and subsidies are expected to create growth opportunities for grid-scale battery market in the coming years.

Market Segmentation

Global Grid-Scale Battery market can be segmented based on Type, Application, Ownership, and Region.

By Type, Global Grid-Scale Battery market can be classified into Lead Acid, Lithium-Ion, Sodium based, Flow Battery and Others. Lithium-Ion batteries are expected to grow highest in the forecasted period of 2020-27 due to their long life expectancy and higher energy storage capacity. Lithium batteries are lightweight and are more efficient than other batteries. 

By Application, Global Grid-Scale Battery market can be classified into Renewable Integration, Backup power, Peak Shift, Ancillary Services and Others. Renewable integration market is holding the largest share and it is expected to lead during the forecasted period of 2020-27. The need for clean energy has created a demand for renewable energy integration market. The grid-scale market for grid-scale is expected to grow highest in the forecasted period of 2020-27.

By Ownership, Global Grid-Scale Battery market can be classified into Third-party and Utility. The third-party model is dominating the world market. Countries in North America and Europe are increasingly operating third party models. The governments encourage third party models through schemes.

By Region, the Global Grid-Scale Battery market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional analysis

North American Grid-scale battery market is having the largest market share. Due to the large scale projects of Grid-scale battery in the US, it is expected to dominate the region over the coming years. Rising demand for renewable energy and consumer acceptance of alternate energy has propelled the grid-scale battery market in the US. 

The European Grid-scale battery market is driven by strict environmental regulations. With the advancement in technology, the Grid-scale battery market is continuously evolving with innovation. 

Asia-Pacific Grid-Scale energy market is expected to witness significant growth in the forecasted period of 2020-27. It is due to the increasing number of renewable energy projects are being undertaken in countries like China, India, South Korea to expand their renewable energy supply. 

Competitor analysis

The major key players in the Global energy grid-scale market are BYD Company, Saft, LG Chem, Panasonic, Fluence, Tesla, Samsung, ABB, GS Yuasa, Toshiba, S&C Electric, GE and NGK Insulators.

Quantity
-
+
USD 4,500.00 $

Quantitative IntelligenceTM  

Price: USD $2,500

"FORECAST INTELLIGENCE"

For an Immidiate Free Consultation

Call Us: +91-98110 25630

info@masterfoxconsultinggroup.com

For an Immidiate Free Consultation

Call Us: +91-98110 25630

info@masterfoxconsultinggroup.com

For an Immidiate Free Consultation

Call Us: +91-98110 25630

info@masterfoxconsultinggroup.com

Contact Us for Any Report's Topic which You are Looking For

Handpicked Topics 

Master REPORTTM 

Price: USD $4,500

Related Reports

Extra Facilities You will get by Partnering with Us

CUSTOMIZATION 

On demand customization of 

scope of the report to meet 

you exact needs

TARGETED MARKET VIEW

Targeted market view to provide 

partinent information and save 

time of readers

ANALYST SUPPORT

Lifetime Client Support from our 

Analyst to get you complete satisfaction 

Qualitative IntelligenceTM 

Price: USD $2,500

Clientele: Focused for those clients' who are looking for both the quantitative and qualitative analysis Oriented report of any market or business challenges. 

Contents:

  • Detailed Executive Summary
  • Market Insights 
    • Value Chain analysis
    • Market drivers, challenges, opportunity analysis
    • Competitive analysis
    • Porters & PESTEL analysis
    • Pricing Analysis
  • Market Size & Forecast
    • By Region
    • By Product segments
  • Market Share
    • By Company (Competitors)

Clientele: Focused for those clients' who are looking for Data Oriented report of any market or business challenges. 

Contents:

  • Detailed Executive Summary
  • Global Market Size & Forecast
    • By Value ($ Million)
    • By Volume (Units, Kg, etc.)
  • Regional Market & Forecast (North America, Europe, Asia Pacific, Middle East, Africa, Latin America)
    • By Respective Countries of those regions
  • Market Size & Forecast by product segments 
  • Market Share & Trends
    • By Company (Competitors)
    • By Regions
    • By Product Segments
  • Pricing Analysis
    • By Region

Clientele: Focused for those clients' who are looking for analysis Oriented report of any market or business challenges. 

Contents:

  • Detailed Executive Summary
  • Market Drivers, Challenges, Oppertunity analysis 
  • Value chain analysis 
  • Pricing Analysis
  • Competitive Analysis
  • Market Potential Analysis
  • Cost Structure Analysis
  • Patent Analysis
  • Growth Potential Analysis
  • Porter's 5 Forces Analysis 
  • PESTEL analysis 
  • Other analysis as per the client requirement

MCG research team found that there is a gap occurring between client and market research companies to deliver the actionable insights and consulting reports. The expectations of clients are increasing due to the complex business dynamics. Clients expect actionable insights from market research companies, which can help them take quick informed business decisions. Insightful strategic reports delivered within stipulated timelines are becoming an increasing challenge for market research companies globally. To overcome those challenges, MCG came up with an unique report model, which is a smart and clever business strategic product offering to present any kind of critical business challenges and market insights with an interesting and actionable way. Depending on client's specific requirements and their expections, MCG generates three unique kind of Industry Reports

Our Hand Picked 

"Forecast Intelligence Report"

Qualitative IntelligenceTM 
              Price: $2,500   l
Quantitative IntelligenceTM 
              Price: $2,500  l
Master REPORTTM 
              Price: $4,500  l

Speak with an Analyst

 

 

 

Request us for the 

Table Of Content(ToC) / Queries

Why MCG's Report?

Product Offerings

WhatsApp:+91-9811025630
Cart