Market Overview:
The global grid-scale battery storage technologies market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for grid-scale battery storage technologies from various applications such as power banks, electric vehicles, cordless power tools, and electric equipment. In addition, the growing demand for renewable energy sources such as wind power, tidal power, and solar power is also contributing to the growth of this market. However, high installation and maintenance costs are restraining the growth of this market.
Product Definition:
Grid-scale battery storage technologies are systems that store electrical energy in batteries for later use. These systems can be used to store energy from renewable sources, such as wind and solar, or from traditional sources, such as coal and natural gas. Grid-scale battery storage is important because it can help utilities manage fluctuations in electricity demand and supply. It can also help integrate more renewable energy into the grid.
Wind Power:
Wind power is the electricity generated by wind turbines. Wind turbines are used to capture the kinetic energy of wind and convert it into mechanical energy that can be used to drive an electric generator. The main components of a wind turbine include a rotor, tower, nacelle (a structure that contains all the electrical equipment), and gearbox.
Tidal Power:
Tidal power is the energy generated by the moving water. The ocean or any large body of water can provide a continuous source of energy in the form of waves and currents. Tidal range is responsible for providing more than 90% of the world's wave power, which can be utilized to generate electricity with most efficient devices installed onshore.
Application Insights:
The power banks application segment accounted for the largest market share of over 30% in 2017. The growing demand for portable devices, such as smartphones is fueling the demand for grid-scale battery storage technologies. Power banks are small portable batteries that can be used to charge various mobile devices such as smartphones and tablets. Increasing number of power bank manufacturers are emerging as a result of increasing consumer awareness regarding usage and conservation of energy resources. For instance, in 2015, Anker launched its ultra-portable charger with 10 million mAh battery capacity that can fully charge an iPhone 6 twice; this led it to emerge as one of the leading players in the market space.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in demand for electricity, especially from developing economies such as China and India. Growing industrialization coupled with increasing population has resulted in an increased requirement for power supply across numerous industries, which is further anticipated to drive the market growth over the coming years.
China accounts for a major share of global solar PV capacity additions each year, which also happens to be one of China’s key policy directives under 12th Five-Year Plan (2016 - 2020). Furthermore, Japan was one of the first countries worldwide that implemented grid-scale battery storage systems on a large scale owing to growing concerns regarding peak load management and frequency regulation among others issues associated with conventional power generation sources.
Growth Factors:
- Increasing demand for grid-scale battery storage technologies from the utility sector to store renewable energy
- Favorable government policies and regulations for grid-scale battery storage technologies
- Growing demand for energy storage solutions due to increasing number of distributed renewable energy sources
- Technological advancements in grid-scale battery storage technologies
- Reduction in costs of grid-scale battery storage technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Grid-Scale Battery Storage Technologies Market Research Report
By Type
Wind Power, Tidal Power, Solar Power, Other
By Application
Power Banks, Electric Vehicles, Cordless Power Tools, Electric Equipment
By Companies
NGK Insulators Ltd, BYD Co. Ltd, Sumitomo Electric Industries Ltd., Samsung SDI Co. Ltd, GE Energy Storage, Tesla Motors Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Grid-Scale Battery Storage Technologies Market Report Segments:
The global Grid-Scale Battery Storage Technologies market is segmented on the basis of:
Types
Wind Power, Tidal Power, Solar Power, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Banks, Electric Vehicles, Cordless Power Tools, Electric Equipment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NGK Insulators Ltd
- BYD Co. Ltd
- Sumitomo Electric Industries Ltd.
- Samsung SDI Co. Ltd
- GE Energy Storage
- Tesla Motors Inc.
Highlights of The Grid-Scale Battery Storage Technologies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wind Power
- Tidal Power
- Solar Power
- Other
- By Application:
- Power Banks
- Electric Vehicles
- Cordless Power Tools
- Electric Equipment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Grid-Scale Battery Storage Technologies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Grid-scale battery storage technologies are systems that use large numbers of batteries to store energy. These systems can be used to store energy from renewable sources, such as solar and wind, or from traditional sources, like coal and oil. Grid-scale battery storage can help reduce the need for backup power during times of peak demand.
Some of the key players operating in the grid-scale battery storage technologies market are NGK Insulators Ltd, BYD Co. Ltd, Sumitomo Electric Industries Ltd., Samsung SDI Co. Ltd, GE Energy Storage, Tesla Motors Inc..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Grid-Scale Battery Storage Technologies Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Grid-Scale Battery Storage Technologies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Grid-Scale Battery Storage Technologies Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Grid-Scale Battery Storage Technologies Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Grid-Scale Battery Storage Technologies Market Size & Forecast, 2020-2028
4.5.1 Grid-Scale Battery Storage Technologies Market Size and Y-o-Y Growth
4.5.2 Grid-Scale Battery Storage Technologies Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wind Power
5.2.2 Tidal Power
5.2.3 Solar Power
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Banks
6.2.2 Electric Vehicles
6.2.3 Cordless Power Tools
6.2.4 Electric Equipment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Grid-Scale Battery Storage Technologies Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Grid-Scale Battery Storage Technologies Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wind Power
9.6.2 Tidal Power
9.6.3 Solar Power
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Banks
9.10.2 Electric Vehicles
9.10.3 Cordless Power Tools
9.10.4 Electric Equipment
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wind Power
10.6.2 Tidal Power
10.6.3 Solar Power
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Banks
10.10.2 Electric Vehicles
10.10.3 Cordless Power Tools
10.10.4 Electric Equipment
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wind Power
11.6.2 Tidal Power
11.6.3 Solar Power
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Banks
11.10.2 Electric Vehicles
11.10.3 Cordless Power Tools
11.10.4 Electric Equipment
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wind Power
12.6.2 Tidal Power
12.6.3 Solar Power
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Banks
12.10.2 Electric Vehicles
12.10.3 Cordless Power Tools
12.10.4 Electric Equipment
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wind Power
13.6.2 Tidal Power
13.6.3 Solar Power
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Banks
13.10.2 Electric Vehicles
13.10.3 Cordless Power Tools
13.10.4 Electric Equipment
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Grid-Scale Battery Storage Technologies Market: Competitive Dashboard
14.2 Global Grid-Scale Battery Storage Technologies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NGK Insulators Ltd
14.3.2 BYD Co. Ltd
14.3.3 Sumitomo Electric Industries Ltd.
14.3.4 Samsung SDI Co. Ltd
14.3.5 GE Energy Storage
14.3.6 Tesla Motors Inc.
