Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Utility Battery Market by Type (Lithium-Based Batteries, Sodium-Based Batteries, Others), By Application (Power Industry, Telecommunication, Public Transportation, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Utility Battery Market by Type (Lithium-Based Batteries, Sodium-Based Batteries, Others), By Application (Power Industry, Telecommunication, Public Transportation, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 153352 3300 Energy & Power 377 246 Pages 4.7 (35)
                                          

The global utility battery market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth in this market is attributed to the increasing demand for renewable energy sources and growing need for power backup solutions. The lithium-based batteries segment is expected to dominate the utility battery market during the forecast period, owing to their high energy density and low cost per kWh. The global utility battery market by type can be segmented into lithium-based batteries and sodium-based batteries. Lithium-based batteries are expected to dominate the utility battery market due to their high energy density and low cost per kWh. The application segments of this market can be categorized as power industry, telecommunication, public transportation, etc, which are further subsegmented into various regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa (MEA).

  1. The increasing demand for electric vehicles is driving the growth of the utility battery market.
  2. The increasing need for renewable energy storage is also driving the growth of this market.
  3. Increasing investments in smart grids and microgrids are also fueling the growth of this market.
  4. Increasing investments in renewable energy sources such as solar and wind power are also fueling the growth of this market.
  5. The growing need to reduce carbon emissions is also driving the growth of this market.

Industry Growth Insights published a new data on “Utility Battery Market”. The research report is titled “Utility Battery Market research by Types (Lithium-Based Batteries, Sodium-Based Batteries, Others), By Applications (Power Industry, Telecommunication, Public Transportation, Others), By Players/Companies Samsung SDI, LG Chem, Johnson Controls, WanXiang Group, BYD, GS Yuasa, Saft, EnerDel, Boston Power, SolarEdge (Kokam), NGK”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Utility Battery Market Research Report

By Type

Lithium-Based Batteries, Sodium-Based Batteries, Others

By Application

Power Industry, Telecommunication, Public Transportation, Others

By Companies

Samsung SDI, LG Chem, Johnson Controls, WanXiang Group, BYD, GS Yuasa, Saft, EnerDel, Boston Power, SolarEdge (Kokam), NGK

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

246

Number of Tables & Figures

173

Customization Available

Yes, the report can be customized as per your need.


Global Utility Battery Industry Outlook


Global Utility Battery Market Report Segments:

The global Utility Battery market is segmented on the basis of:

Types

Lithium-Based Batteries, Sodium-Based Batteries, Others

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 Industry, Telecommunication, Public Transportation, Others

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:

  1. Samsung SDI
  2. LG Chem
  3. Johnson Controls
  4. WanXiang Group
  5. BYD
  6. GS Yuasa
  7. Saft
  8. EnerDel
  9. Boston Power
  10. SolarEdge (Kokam)
  11. NGK

Global Utility Battery Market Overview


Highlights of The Utility Battery Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Lithium-Based Batteries
    2. Sodium-Based Batteries
    3. Others
  1. By Application:

    1. Power Industry
    2. Telecommunication
    3. Public Transportation
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Utility Battery 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
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  • Product & Brand Management
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Global Utility Battery Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A utility battery is a type of battery that is used for a variety of purposes, such as powering devices like flashlights or radios.

Some of the key players operating in the utility battery market are Samsung SDI, LG Chem, Johnson Controls, WanXiang Group, BYD, GS Yuasa, Saft, EnerDel, Boston Power, SolarEdge (Kokam), NGK.

The utility battery market is expected to grow at a compound annual growth rate of 6.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Utility Battery Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Utility Battery Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Utility Battery Market - Supply Chain
   4.5. Global Utility Battery Market Forecast
      4.5.1. Utility Battery Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Utility Battery Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Utility Battery Market Absolute $ Opportunity

5. Global Utility Battery Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Utility Battery Market Size and Volume Forecast by Type
      5.3.1. Lithium-Based Batteries
      5.3.2. Sodium-Based Batteries
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Utility Battery Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Utility Battery Market Size and Volume Forecast by Application
      6.3.1. Power Industry
      6.3.2. Telecommunication
      6.3.3. Public Transportation
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Utility Battery Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Utility Battery Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Utility Battery Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Utility Battery Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Utility Battery Demand Share Forecast, 2019-2026

9. North America Utility Battery Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Utility Battery Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Utility Battery Market Size and Volume Forecast by Application
      9.4.1. Power Industry
      9.4.2. Telecommunication
      9.4.3. Public Transportation
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Utility Battery Market Size and Volume Forecast by Type
      9.7.1. Lithium-Based Batteries
      9.7.2. Sodium-Based Batteries
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Utility Battery Demand Share Forecast, 2019-2026

10. Latin America Utility Battery Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Utility Battery Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Utility Battery Market Size and Volume Forecast by Application
      10.4.1. Power Industry
      10.4.2. Telecommunication
      10.4.3. Public Transportation
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Utility Battery Market Size and Volume Forecast by Type
      10.7.1. Lithium-Based Batteries
      10.7.2. Sodium-Based Batteries
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Utility Battery Demand Share Forecast, 2019-2026

11. Europe Utility Battery Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Utility Battery Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Utility Battery Market Size and Volume Forecast by Application
      11.4.1. Power Industry
      11.4.2. Telecommunication
      11.4.3. Public Transportation
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Utility Battery Market Size and Volume Forecast by Type
      11.7.1. Lithium-Based Batteries
      11.7.2. Sodium-Based Batteries
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Utility Battery Demand Share, 2019-2026

12. Asia Pacific Utility Battery Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Utility Battery Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Utility Battery Market Size and Volume Forecast by Application
      12.4.1. Power Industry
      12.4.2. Telecommunication
      12.4.3. Public Transportation
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Utility Battery Market Size and Volume Forecast by Type
      12.7.1. Lithium-Based Batteries
      12.7.2. Sodium-Based Batteries
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Utility Battery Demand Share, 2019-2026

13. Middle East & Africa Utility Battery Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Utility Battery Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Utility Battery Market Size and Volume Forecast by Application
      13.4.1. Power Industry
      13.4.2. Telecommunication
      13.4.3. Public Transportation
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Utility Battery Market Size and Volume Forecast by Type
      13.7.1. Lithium-Based Batteries
      13.7.2. Sodium-Based Batteries
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Utility Battery Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Utility Battery Market: Market Share Analysis
   14.2. Utility Battery Distributors and Customers
   14.3. Utility Battery Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Samsung SDI
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. LG Chem
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Johnson Controls
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. WanXiang Group
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. BYD
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. GS Yuasa
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Saft
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. EnerDel
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Boston Power
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. SolarEdge (Kokam)
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. NGK
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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