Home / Energy / Global Grid-Scale Battery Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Global Grid-Scale Battery Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Published: Jan 2020 | Published By: Acute Market Research

The grid-scale battery market was valued at US$ 2.22 Bn in 2018 and expected to grow at a CAGR of 22.0% during the forecast period from 2019 to 2027.

Market Insights

"Large-scale addition of renewable energy into the grid worldwide will upgrade the market growth during the forecast period"

In a prompt to encourage the development and utilization of renewable energy sources, countries across the world are setting up a large number of renewable power projects like solar, and wind power plants. The increasing capacity and rising number of renewable power projects have caused the expansion of the grid-scale battery market globally. In addition, the grid-scale batteries ensure the storage of superfluous power during the time of overproduction. The ongoing upsurge in the renewable power projects expected to boost the market for grid-scale battery in the upcoming years.

"Increasing renewable investments and government subsidies for enhancing clean energy projects will ramp up the grid-scale battery Market"

Substantial investments and developments in renewable projects is driving down the cost of lithium-ion batteries, thereby increasing the demand for grid-scale batteries. The developments in grid-scale battery system is being driven by upgradation of ageing infrastructures, favorable market and regulation, improving system costs, and increased access to finance by both local and government bodies. In addition, unlocking of new geographic markets and opening of market for energy storage will spur the market growth. For instance, according to World Storage Energy Forum in 2017, the battery storage holds a smaller market and expected to hold a total installed capacity of around 14 GW for grid-scale battery in the coming years.

Industrial Developments

  • In January 2020, Capital Dynamics acquired the ongoing project named “Eland 400MW solar & storage complex” by 8minute Solar Energy, will boost up the demand for grid-scale battery in the city of Los Angeles, U.S.
  • In January 2020, NEC and Kearsage collaborated with the municipal authority of Amesbury for a solar-plus-storage project under “SMART” program. This project will save a big power cost, thereby increasing the demand for market growth.

Key Market Movements:

  • Globally, the grid-scale battery market is rising at a CAGR of 22.0% for the estimated period from 2019 to 2027.
  • The grid-scale battery markets in North America accounted to have a market share of around 53% in 2018. In addition, high awareness levels among people, utility sectors, expanded deployment, and technological advancements and thrust of government to adopt clean power generated by renewable energy are few factors that drive the demand for grid-scale battery across the region.
  • Asia Pacific region projected to have a prominent market for grid-scale battery, owing to the growing industrialization, rising of urbanization, increasing investment towards transmission & distribution system, and government subsidies for grid-scale battery enhancement, particularly in the emerging economies of India, China, and Singapore in the near future.
  • The Middle East and Africa to create a moderate incremental opportunity with upgradation of grid infrastructures, encouraging socio-economic development, and developments in renewable power projects.
  • An increasing number of government initiatives, grid infrastructures, increased investments for development in the emerging battery technologies and storage system will drive the overall demand.

List of Companies Covered:

  • LG Chem Ltd
  • Samsung SDI Co Ltd
  • Panasonic Corporation
  • Fluence Corporation Ltd
  • Tesla Inc
  • BYD Co Ltd
  • ABB Ltd.
  • General Electric Company
  • GS Yuasa Corporation
  • Toshiba Corp
  • Saft
  • S&C Electric Co
  • NGK Insulators Ltd

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Grid-Scale Battery (GSB) Market
2.2. Global GSB Market, by Battery Type, 2018 (US$ Bn)
2.3. Global GSB Market, by Application, 2018 (US$ Bn)
2.4. Global GSB Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global GSB Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Grid-Scale Battery (GSB ) Market, by Battery Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Lithium-Ion
4.3. Lead Acid
4.4. Flow Battery
4.5. Sodium-Based Battery
4.6. Others (Ni-Cd, NiMH, NiI, etc.)

5. Global Grid-Scale Battery (GSB ) Market, by Application, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Renewable Integration
5.3. Peak Shift
5.4. Ancillary Services
5.5. Back-Up Power
5.6. Others

6. North America Grid-Scale Battery (GSB ) Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America GSB Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America GSB Market Value, By Battery Type, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America GSB Market Value, By Application, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America GSB Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Grid-Scale Battery (GSB ) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe GSB Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe GSB Market Value, By Battery Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe GSB Market Value, By Application, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe GSB Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Grid-Scale Battery (GSB ) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific GSB Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific GSB Market Value, By Battery Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific GSB Market Value, By Application, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific GSB Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Grid-Scale Battery (GSB ) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World GSB Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World GSB Market Value, By Battery Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of World GSB Market Value, By Application, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World GSB Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. LG Chem Ltd
10.2. Samsung SDI Co Ltd
10.3. Panasonic Corporation
10.4. Fluence Corporation Ltd
10.5. Tesla Inc
10.6. BYD Co Ltd
10.7. ABB Ltd.
10.8. General Electric Company
10.9. GS Yuasa Corporation
10.10. Toshiba Corp
10.11. Saft
10.12. S&C Electric Co
10.13. NGK Insulators Ltd

* Here we use GSB as a short form for Grid-Scale Battery

TABLE 1 Market Snapshot: Global Grid-Scale Battery (GSB ) Market
TABLE 2 Global GSB Market, by Battery Type, 2017–2027 (US$ Bn)
TABLE 3 Global GSB Market, by Application, 2017–2027 (US$ Bn)
TABLE 4 Global GSB Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America GSB Market, by Battery Type, 2017–2027 (US$ Bn)
TABLE 6 North America GSB Market, by Application, 2017–2027 (US$ Bn)
TABLE 7 North America GSB Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe GSB Market, by Battery Type, 2017–2027 (US$ Bn)
TABLE 9 Europe GSB Market, by Application, 2017–2027 (US$ Bn)
TABLE 10 Europe GSB Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific GSB Market, by Battery Type, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific GSB Market, by Application, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific GSB Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 RoW GSB Market, by Battery Type, 2017–2027 (US$ Bn)
TABLE 15 RoW GSB Market, by Application, 2017–2027 (US$ Bn)
TABLE 16 RoW GSB Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 17 LG Chem Ltd: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 18 Panasonic Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 19 Fluence Corporation Ltd: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 Tesla Inc: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 BYD Co Ltd: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 ABB Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 General Electric Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 GS Yuasa Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Toshiba Corp: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Saft: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 S&C Electric Co: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 NGK Insulators Ltd: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

FIG. 1 Global Grid-Scale Battery (GSB ) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global GSB Market Segmentation
FIG. 4 Global GSB Market, by Battery Type, 2018 (US$ Bn)
FIG. 5 Global GSB Market, by Application, 2018 (US$ Bn)
FIG. 6 Global GSB Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key GSB Market Manufacturers, 2018
FIG. 9 Global GSB Market Value Contribution, By Battery Type, 2018 & 2027 (Value %)
FIG. 10 Global GSB Market, by Lithium ion, Value, 2017–2027 (US$ Bn)
FIG. 11 Global GSB Market, by Lead Acid, Value, 2017–2027 (US$ Bn)
FIG. 12 Global GSB Market, by Flow Battery, Value, 2017–2027 (US$ Bn)
FIG. 13 Global GSB Market, by Sodium-based Battery, Value, 2017–2027 (US$ Bn)
FIG. 14 Global GSB Market, by Others (Ni-Cd, NiMH, NiI, etc.), Value, 2017–2027 (US$ Bn)
FIG. 15 Global GSB Market Value Contribution, By Application, 2018 & 2027 (Value %)
FIG. 16 Global GSB Market, by Renewable Integration, Value, 2017–2027 (US$ Bn)
FIG. 17 Global GSB Market, by Peak Shift, Value, 2017–2027 (US$ Bn)
FIG. 18 Global GSB Market, by Ancillary Services, Value, 2017–2027 (US$ Bn)
FIG. 19 Global GSB Market, by Back-Up Power, Value, 2017–2027 (US$ Bn)
FIG. 20 Global GSB Market, by Others Application, Value, 2017–2027 (US$ Bn)
FIG. 21 U.S. GSB Market, 2017–2027 (US$ Bn)
FIG. 22 Rest of North America GSB Market, 2017–2027 (US$ Bn)
FIG. 23 U.K. GSB Market, 2017–2027 (US$ Bn)
FIG. 24 Germany GSB Market, 2017–2027 (US$ Bn)
FIG. 25 France GSB Market, 2017–2027 (US$ Bn)
FIG. 26 Rest of Europe GSB Market, 2017–2027 (US$ Bn)
FIG. 27 Japan GSB Market, 2017–2027 (US$ Bn)
FIG. 28 China GSB Market, 2017–2027 (US$ Bn)
FIG. 29 India GSB Market, 2017–2027 (US$ Bn)
FIG. 30 Rest of Asia Pacific GSB Market, 2017–2027 (US$ Bn)
FIG. 31 Middle East & Africa GSB Market, 2017–2027 (US$ Bn)
FIG. 32 Latin America GSB Market, 2017–2027 (US$ Bn)

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