Grid Scale Battery Market 2021 Scope, Drivers, Challenges and Opportunities - 2027
Global Grid-Scale Battery Market Report
Grid scale battery market is projected to have significant growth by 2023 with a CAGR of more than 32% during the forecast period.
Market Overview
The growing demands for energy-efficient equipment and energy storage have boosted the grid-scale battery market. It is primarily used for electricity storage on large scales. As the environmental concerns increase, the investments in power generation from renewable resources are increasing, which has increased the demand for better storage alternatives. Hence, the demand for grid scales battery is increasing and will register impressive growths in the future.
The companies are working towards improving their production and supply chains to meet the increasing demands, which has resulted in a decrease in overall costs, resulting in increased adoption. The companies are investing in research & development programs to increase the reliability of large batteries, which has resulted in the introduction of enhanced batteries with improved features like enhanced safety and others. Another factor contributing to this market is the rise in population and energy demands, influencing the global market.
Apart from the uses and enhanced features, the global grid-scale battery market struggles against the requirement of high investments, degraded life cycles and several adverse environmental concerns, which has hindered the global market structure. This report will shed light on the competition, opportunities, drivers & restraints, and other factors affecting the local and global grid-scale battery market.
Major Players
LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), GS Yuasa (Japan), BYD Company (China), S&C Electric (US), ABB (Switzerland), GE (US), Toshiba (Japan), Saft (France), and NGK Insulators (Japan).
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Market division
The global grid-scale battery market is segmented into classes as follows:
- The global grid-scale battery market is segmented into flow batteries. Lithium-ion batteries, sodium-based batteries, and others based on types of batteries.
- The global grid-scale battery market is segmented into energy capacity and power capacity based on power generation.
- Based on uses, the global grid-scale battery market is segmented into load shifting, peak shaving, and others.
Regional Classification
Grid-scale battery has gained global adoption due to the rapid acceptance of plastics and global expansion of the packaging and food & beverage industry. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global grid-scale battery market. The North American region is leading the market due to rapidly expanding renewable power generation activities, increasing research & development activities, vast population, rising awareness, and other factors. On the other hand, the Asia Pacific region will register the fastest growth due to surging power demands, increase in renewable power generation facilities, increasing awareness, vast population covers, growing government initiatives & investments for establishing renewable power generation facilities and other factors, with china as the major stakeholder.
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Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
Continued…
List Of Tables
Table 1 Global Grid Scale Battery Market: By Region, 2020-2027
Table 2 North America Grid Scale Battery Market: By Country, 2020-2027
Table 3 Europe Grid Scale Battery Market: By Country, 2020-2027
Table 4 Asia-Pacific Grid Scale Battery Market: By Country, 2020-2027
Table 5 RoW Grid Scale Battery Market: By Country, 2020-2027
Table 6 Global Grid Scale Battery Market By Applications Market: By Regions, 2020-2027
Table 7 North America Grid Scale Battery Market By Applications: By Country, 2020-2027
Table 8 Europe Grid Scale Battery Market By Applications: By Country, 2020-2027
Table 9 Asia-Pacific Grid Scale Battery Market By Applications: By Country, 2020-2027
Table 10 RoW Grid Scale Battery Market By Applications: By Country, 2020-2027
Continued…
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