Energy & Power
Global Grid-Scale Battery Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Grid-Scale Battery Market, By Battery Chemistry (Lithium-Ion, Lead Acid, Redox Flow, Sodium-Based, and Others), Ownership (Third-Party Owned and Utility Owned), Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power, and Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
Market Dynamics
- Improvements in battery technologies
- Demand for grid stability and reliability
- High capital and operational costs
- Regulatory hurdles
- Digitalization and smart grid technologies
- Energy storage for microgrids
- Waste management and environmental impact
- Resource scarcity
SEGMENTATION
- Battery Chemistry
- Lithium-Ion
- Lead Acid
- Redox Flow
- Sodium-Based
- Others
- Ownership
- Third-Party Owned
- Utility Owned
- Application
- Renewable Integration
- Peak Shift
- Ancillary Services
- Back-Up Power
- Others
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Samsung SDI
- NGK Insulators, LTD.
- BYD Company Ltd
- General Electric
- Redflow Limited
- Ambri Incorporated
- VRB Energy
- 24M Technologies, Inc.
- Lockheed Martin Corporation
- FZSONICK SA
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Grid-Scale Battery Market, by Battery Chemistry
- 3.2 Global Grid-Scale Battery Market, by Ownership
- 3.3 Global Grid-Scale Battery Market, by Application
- 3.4 Global Grid-Scale Battery Market, by Geography
- 3.5 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Support for renewables
- 5.1.2 Energy storage as a service
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Improvements in battery technologies
- 5.2.2 Demand for grid stability and reliability
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High capital and operational costs
- 5.3.2 Regulatory hurdles
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Digitalization and smart grid technologies
- 5.4.2 Energy storage for microgrids
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Waste management and environmental impact
- 5.5.2 Resource scarcity
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL GRID-SCALE BATTERY MARKET, BY BATTERY CHEMISTRY
- 6.1 Battery Chemistry Summary
- 6.2 Market Attractive Index
- 6.3 Global Grid-Scale Battery Market, by Battery Chemistry (2019-2032)
- SECTION 7 - GLOBAL GRID-SCALE BATTERY MARKET, BY OWNERSHIP
- 7.1 Ownership Summary
- 7.2 Market Attractive Index
- 7.3 Global Grid-Scale Battery Market, by Ownership (2019-2032)
- SECTION 8 - GLOBAL GRID-SCALE BATTERY MARKET, BY APPLICATION
- 8.1 Application Summary
- 8.2 Market Attractive Index
- 8.3 Global Grid-Scale Battery Market, by Application (2019-2032)
- SECTION 9 - GLOBAL GRID-SCALE BATTERY MARKET, BY GEOGRAPHY
- 9.1 Regional Summary
- 9.2 Market Attractive Index
- 9.3 Global Grid-Scale Battery Market, by Geography (2019-2032)
- SECTION 10 - NORTH AMERICA GRID-SCALE BATTERY MARKET
- 10.1 North America Summary
- 10.2 Market Attractive Index
- 10.3 North America Grid-Scale Battery Market, by Battery Chemistry (2019-2032)
- 10.4 North America Grid-Scale Battery Market, by Ownership (2019-2032)
- 10.5 North America Grid-Scale Battery Market, by Application (2019-2032)
- 10.6 North America Grid-Scale Battery Market, by Country (2019-2032)
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 10.6.4 Rest of North America
- SECTION 11 - EUROPE GRID-SCALE BATTERY MARKET
- 11.1 Europe Summary
- 11.2 Market Attractive Index
- 11.3 Europe Grid-Scale Battery Market, by Battery Chemistry (2019-2032)
- 11.4 Europe Grid-Scale Battery Market, by Ownership (2019-2032)
- 11.5 Europe Grid-Scale Battery Market, by Application (2019-2032)
- 11.6 Europe Grid-Scale Battery Market, by Country (2019-2032)
- 11.6.1 Germany
- 11.6.2 U.K.
- 11.6.3 France
- 11.6.4 Italy
- 11.6.5 Spain
- 11.6.6 Russia
- 11.6.7 The Netherlands
- 11.6.8 Belgium
- 11.6.9 Turkey
- 11.6.10 Rest of Europe
- SECTION 12 - ASIA-PACIFIC GRID-SCALE BATTERY MARKET
- 12.1 Asia-Pacific Summary
- 12.2 Market Attractive Index
- 12.3 Asia-Pacific Grid-Scale Battery Market, by Battery Chemistry (2019-2032)
- 12.4 Asia-Pacific Grid-Scale Battery Market, by Ownership (2019-2032)
- 12.5 Asia-Pacific Grid-Scale Battery Market, by Application (2019-2032)
- 12.6 Asia-Pacific Grid-Scale Battery Market, by Country (2019-2032)
- 12.6.1 China
- 12.6.2 India
- 12.6.3 Japan
- 12.6.4 South Korea
- 12.6.5 Singapore
- 12.6.6 Malaysia
- 12.6.7 Australia
- 12.6.8 Thailand
- 12.6.9 Philippines
- 12.6.10 Rest of Asia-Pacific
- SECTION 13 - SOUTH AMERICA GRID-SCALE BATTERY MARKET
- 13.1 South America Summary
- 13.2 Market Attractive Index
- 13.3 South America Grid-Scale Battery Market, by Battery Chemistry (2019-2032)
- 13.4 South America Grid-Scale Battery Market, by Ownership (2019-2032)
- 13.5 South America Grid-Scale Battery Market, by Application (2019-2032)
- 13.6 South America Grid-Scale Battery Market, by Country (2019-2032)
- 13.6.1 Brazil
- 13.6.2 Argentina
- 13.6.3 Chile
- 13.6.4 Colombia
- 13.6.5 Rest of South America
- SECTION 14 - MIDDLE EAST AND AFRICA GRID-SCALE BATTERY MARKET
- 14.1 Middle East and Africa Summary
- 14.2 Market Attractive Index
- 14.3 Middle East and Africa Grid-Scale Battery Market, by Battery Chemistry (2019-2032)
- 14.4 Middle East and Africa Grid-Scale Battery Market, by Ownership (2019-2032)
- 14.5 Middle East and Africa Grid-Scale Battery Market, by Application (2019-2032)
- 14.6 Middle East and Africa Grid-Scale Battery Market, by Country (2019-2032)
- 14.6.1 Kingdom of Saudi Arabia
- 14.6.2 South Africa
- 14.6.3 U.A.E.
- 14.6.4 Egypt
- 14.6.5 Rest of Middle East and Africa
- SECTION 15 - COMPANY SHARE ANALYSIS
- 15.1 Global Grid-Scale Battery Market, Company Share Analysis
- 15.2 North America Grid-Scale Battery Market, Company Share Analysis
- 15.3 Europe Grid-Scale Battery Market, Company Share Analysis
- 15.4 Asia-Pacific Grid-Scale Battery Market, Company Share Analysis
- SECTION 16 - COMPANY PROFILES
- 16.1 Samsung SDI
- 16.1.1 Company Snapshot
- 16.1.2 Financial Overview
- 16.1.3 Product Portfolio
- 16.1.4 Recent Developments
- 16.2 NGK Insulators, LTD.
- 16.2.1 Company Snapshot
- 16.2.2 Financial Overview
- 16.2.3 Product Portfolio
- 16.2.4 Recent Developments
- 16.3 BYD Company Ltd
- 16.3.1 Company Snapshot
- 16.3.2 Financial Overview
- 16.3.3 Product Portfolio
- 16.3.4 Recent Developments
- 16.4 General Electric
- 16.4.1 Company Snapshot
- 16.4.2 Financial Overview
- 16.4.3 Product Portfolio
- 16.4.4 Recent Developments
- 16.5 Redflow Limited
- 16.5.1 Company Snapshot
- 16.5.2 Financial Overview
- 16.5.3 Product Portfolio
- 16.5.4 Recent Developments
- 16.6 Ambri Incorporated
- 16.6.1 Company Snapshot
- 16.6.2 Financial Overview
- 16.6.3 Product Portfolio
- 16.6.4 Recent Developments
- 16.7 VRB Energy
- 16.7.1 Company Snapshot
- 16.7.2 Financial Overview
- 16.7.3 Product Portfolio
- 16.7.4 Recent Developments
- 16.8 24M Technologies, Inc.
- 16.8.1 Company Snapshot
- 16.8.2 Financial Overview
- 16.8.3 Product Portfolio
- 16.8.4 Recent Developments
- 16.9 Lockheed Martin Corporation
- 16.9.1 Company Snapshot
- 16.9.2 Financial Overview
- 16.9.3 Product Portfolio
- 16.9.4 Recent Developments
- 16.10 FZSONICK SA
- 16.10.1 Company Snapshot
- 16.10.2 Financial Overview
- 16.10.3 Product Portfolio
- 16.10.4 Recent Developments
- SECTION 17 - RELATED REPORTS
- SECTION 18 - DISCLAIMER
RESEARCH METHODOLOGY
RESEARCH AND DATA COLLECTION
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.