According to a new report published by Allied Market Research, titled, "Grid Scale Battery Market," The grid scale battery market was valued at $4.2 billion in 2022, and is estimated to reach $31 billion by 2032, growing at a CAGR of 18.2% from 2023 to 2032.
Grid-scale batteries are used to discharge stored energy during peak demand hours, reducing strain on the grid and lowering overall energy costs. They also offer backup power during grid failures or emergencies, ensuring the continuity of critical services. Further, they help in a smoother transition to cleaner energy sources by mitigating the challenges posed by intermittent renewables. However, grid-scale batteries degrade over time due to charging and discharging cycles, impacting efficiency and lifespan. Some battery technologies rely on scarce resources, leading to supply chain challenges and price volatility. Meanwhile, continued research can lead to more efficient and environmentally friendly battery technologies. Favorable policies and incentives are expected to encourage investment in grid-scale battery projects.
The grid-scale battery market is studied on the basis of battery type, deployment network, application, and region. By battery type, the grid-scale battery market is divided into lithium-ion batteries, flow batteries, zinc-hybrid batteries, and sodium-based batteries. Based on the deployment network, the market is divided into transmission network, distribution network, and renewable energy generators. By application, the market is categorized into renewable load sharing, peak shaving, load shifting, backup power, and others. By region, the grid-scale battery market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa).
The major players operating in the grid-scale battery industry are ABB Ltd., BYD Company Limited, General Electric, LG Energy Solution, NGK INSULATORS, LTD., Panasonic, S&C Electric Company, Samsung SDI CO., LTD., Tesla, and Fluence Corporation. The companies adopted key strategies such as collaboration to increase their market share.
The drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the grid scale battery market analysis from 2022 to 2032 to identify the prevailing grid scale battery market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the grid scale battery market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global grid scale battery market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Market share analysis of players at global/region/country level
SWOT Analysis
Key Market Segments
By Battery Type
Lithium-ion Batteries
Flow Batteries
Zinc-hybrid Batteries
Sodium-based Batteries
By Deployment Network
Transmission Network
Distribution Network
Renewable Energy Generators
By Application
Renewable Load Sharing
Peak Shaving
Load Shifting
Backup Power
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players:
General Electric
NGK INSULATORS, LTD.
S&C Electric Company
Tesla
Fluence Corporation
Panasonic Holdings Corporation
ABB Ltd.
LG Energy Solution
SAMSUNG SDI CO., LTD.
BYD COMPANY LIMITED
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Low intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Renewable energy integration and energy transition goals
3.4.1.2. Technological advancements and cost benefits
3.4.1.3. Energy market boosted by government policies, incentives, and regulatory support
3.4.1.4. Electric vehicle and demand for energy flexibility
3.4.2. Restraints
3.4.2.1. High initial cost and relatively lower life span due to degradation
3.4.2.2. Dependency and environmental concerns
3.4.2.3. Technical challenges coupled with uncertainty in regulation and permits
3.4.3. Opportunities
3.4.3.1. Renewable energy integration and electrification
3.4.3.2. Microgrids decentralization and modernization offering flexibility
3.4.3.3. Energy transition and green hydrogen
3.5. Value Chain Analysis
3.6. Patent Landscape
CHAPTER 4: GRID SCALE BATTERY MARKET, BY BATTERY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Lithium-ion Batteries
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Flow Batteries
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Zinc-hybrid Batteries
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Sodium-based Batteries
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: GRID SCALE BATTERY MARKET, BY DEPLOYMENT NETWORK
5.1. Overview
5.1.1. Market size and forecast
5.2. Transmission Network
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Distribution Network
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Renewable Energy Generators
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: GRID SCALE BATTERY MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Renewable Load Sharing
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Peak Shaving
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Load Shifting
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Backup Power
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Others
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
CHAPTER 7: GRID SCALE BATTERY MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Battery Type
7.2.3. Market size and forecast, by Deployment Network
7.2.4. Market size and forecast, by Application
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Battery Type
7.2.5.1.2. Market size and forecast, by Deployment Network
7.2.5.1.3. Market size and forecast, by Application
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Battery Type
7.2.5.2.2. Market size and forecast, by Deployment Network
7.2.5.2.3. Market size and forecast, by Application
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by Battery Type
7.2.5.3.2. Market size and forecast, by Deployment Network
7.2.5.3.3. Market size and forecast, by Application
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Battery Type
7.3.3. Market size and forecast, by Deployment Network
7.3.4. Market size and forecast, by Application
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by Battery Type
7.3.5.1.2. Market size and forecast, by Deployment Network
7.3.5.1.3. Market size and forecast, by Application
7.3.5.2. UK
7.3.5.2.1. Market size and forecast, by Battery Type
7.3.5.2.2. Market size and forecast, by Deployment Network
7.3.5.2.3. Market size and forecast, by Application
7.3.5.3. France
7.3.5.3.1. Market size and forecast, by Battery Type
7.3.5.3.2. Market size and forecast, by Deployment Network
7.3.5.3.3. Market size and forecast, by Application
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by Battery Type
7.3.5.4.2. Market size and forecast, by Deployment Network
7.3.5.4.3. Market size and forecast, by Application
7.3.5.5. Spain
7.3.5.5.1. Market size and forecast, by Battery Type
7.3.5.5.2. Market size and forecast, by Deployment Network
7.3.5.5.3. Market size and forecast, by Application
7.3.5.6. Rest of Europe
7.3.5.6.1. Market size and forecast, by Battery Type
7.3.5.6.2. Market size and forecast, by Deployment Network
7.3.5.6.3. Market size and forecast, by Application
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Battery Type
7.4.3. Market size and forecast, by Deployment Network
7.4.4. Market size and forecast, by Application
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by Battery Type
7.4.5.1.2. Market size and forecast, by Deployment Network
7.4.5.1.3. Market size and forecast, by Application
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by Battery Type
7.4.5.2.2. Market size and forecast, by Deployment Network
7.4.5.2.3. Market size and forecast, by Application
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by Battery Type
7.4.5.3.2. Market size and forecast, by Deployment Network
7.4.5.3.3. Market size and forecast, by Application
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by Battery Type
7.4.5.4.2. Market size and forecast, by Deployment Network
7.4.5.4.3. Market size and forecast, by Application
7.4.5.5. Australia
7.4.5.5.1. Market size and forecast, by Battery Type
7.4.5.5.2. Market size and forecast, by Deployment Network
7.4.5.5.3. Market size and forecast, by Application
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Market size and forecast, by Battery Type
7.4.5.6.2. Market size and forecast, by Deployment Network
7.4.5.6.3. Market size and forecast, by Application
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Battery Type
7.5.3. Market size and forecast, by Deployment Network
7.5.4. Market size and forecast, by Application
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Market size and forecast, by Battery Type
7.5.5.1.2. Market size and forecast, by Deployment Network
7.5.5.1.3. Market size and forecast, by Application
7.5.5.2. Saudi Arabia
7.5.5.2.1. Market size and forecast, by Battery Type
7.5.5.2.2. Market size and forecast, by Deployment Network
7.5.5.2.3. Market size and forecast, by Application
7.5.5.3. South Africa
7.5.5.3.1. Market size and forecast, by Battery Type
7.5.5.3.2. Market size and forecast, by Deployment Network
7.5.5.3.3. Market size and forecast, by Application
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Market size and forecast, by Battery Type
7.5.5.4.2. Market size and forecast, by Deployment Network
7.5.5.4.3. Market size and forecast, by Application