Global Grid-Scale Battery Storage Technologies Market, by battery type (Lithium-ion batteries, Advanced lead acid batteries, Flow batteries, Sodium based batteries, and Others), By Application (Commercial, Utility, Residential), and opportunities and forecast 2020-2027
Covid-19 Impact on Grid-Scale Battery Storage Technologies Market:
As around one-third of the global population is staying indoors owing to nationwide lockdown, stay-at-home orders, and restrictions on movement, the energy demand has sharply dipped. By the end of 2020, approximately, a decline in 5% of the energy demand was been recorded. Also, waning in corresponding gas and oil demands of 4% and 9%, respectively were registered in 2020. Currently, the energy market is at a historic low with surplus supplies. However, the situation is expected to ease up with a lift in lockdown restrictions and end-use industries start operating with great efficiencies.
Grid scale battery storage technologies are made to store electricity in the power grids that to be used later. The large-scale battery systems can store additional energy produced by the power plants throughout the lower demand periods and also, supply it during the peak time. The process is known as the load balancing, load levelling, or energy arbitrage.
The batteries can store power generated by the intermittent renewable energy sources and deliver more balanced distribution. These can be used for TandD purposes, by using the portable systems that minimalize inefficiencies and offer support during T&D process. Such batteries can be used for the power quality and also for energy management purposes in the micro grids or for the commercial, industrial and residential customers.
Important factors leading to growth of grid scale battery storage technology market are augmented demand of the renewable energy in combination with rapid modernization in energy infrastructure. Also, rapid population growth has augmented the demand for the energy around world. This along with integration of T&D systems is anticipated to contribute to growth of market. Further, increased demand of the electric vehicles is also among key factors accountable for growth of market. Though, high cost of the grid scale battery storage development and installation is expected to limit market growth.
North America holds lion share in the grid-scale battery storage technologies market in the terms of revenue, followed by the Asia-Pacific, due to developments in supply side of market, higher confidence on demand side due to availability of operating data from first round of pilot projects and also, development of market space for the grid-scale batteries following new the federal and the state-level regulations on the ancillary services and the storage requirements.
Japan grid-scale battery market is expected to be driven by new confidence in nearby NaS products, increasing renewable energy additions every year, and smart grid investments. Though, growth in China will be principally driven by large investments in the renewable energy and the T&D broadcast network integration activities. High growth is estimated in Rest of the World market due to important investments in the renewables and T&D transformation in the Central America and the Africa.
Driven by the steeply falling prices and technical progress that permits batteries to stock ever-larger amounts of the energy, grid-scale systems are experiencing record growth in the U.S. and also around the world. Many of gains are spillovers from auto industry’s race to shape cheaper, smaller, and more influential lithium-ion batteries for the cars. In the U.S. The state clean energy mandates, with tax incentives for the storage systems that are coupled with solar installations, are too playing an important role.
California is presently the global leader in effort to balance intermittency of the renewable energy in the electric grids with high-capacity batteries. However, the rest of the world is speedily following suit. Newly announced plans range from 409-megawatt system in the South Florida, to 320-megawatt plant close to London, England, to almost 200-megawatt facility in the Lithuania and 112-megawatt unit in the Chile.
Grid-Scale Battery Storage Technologies Market, By Battery Type
• Lithium-Ion
• Sodium-Based
• Flow Batteries
• Advanced Lead Acid
• Others
Grid-Scale Battery Storage Technologies Market, By Application
• Utility
• Commercial
• Residential
Grid-Scale Battery Storage Technologies market, By Region
North America
US
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
Grid-Scale Battery Storage Technologies Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Grid-Scale Battery Storage Technologies Market Analysis (USD Billion), Insights and Forecast, 2016-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Segment 1
5.2.1. Sub-Segment 1
5.2.2. Sub-Segment 2
5.3. Market Analysis, Insights and Forecast – By Segment 2
5.3.1. Sub-Segment 1
5.3.2. Sub-Segment 2
5.3.3. Sub-Segment 3
5.3.4. Others
5.4. Market Analysis, Insights and Forecast – By Segment 3
5.4.1. Sub-Segment 1
5.4.2. Sub-Segment 2
5.4.3. Sub-Segment 3
5.4.4. Others
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Latin America
5.5.3. Europe
5.5.4. Asia Pacific
5.5.5. Middle East and Africa
6. North America Grid-Scale Battery Storage Technologies Market Analysis (USD Billion), Insights and Forecast, 2016-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Segment 1
6.2.1. Sub-Segment 1
6.2.2. Sub-Segment 2
6.3. Market Analysis, Insights and Forecast – By Segment 2
6.3.1. Sub-Segment 1
6.3.2. Sub-Segment 2
6.3.3. Sub-Segment 3
6.3.4. Others
6.4. Market Analysis, Insights and Forecast – By Segment 3
6.4.1. Sub-Segment 1
6.4.2. Sub-Segment 2
6.4.3. Sub-Segment 3
6.4.4. Others
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Latin America Grid-Scale Battery Storage Technologies Market Analysis (USD Billion), Insights and Forecast, 2016-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Segment 1
7.2.1. Sub-Segment 1
7.2.2. Sub-Segment 2
7.3. Market Analysis, Insights and Forecast – By Segment 2
7.3.1. Sub-Segment 1
7.3.2. Sub-Segment 2
7.3.3. Sub-Segment 3
7.3.4. Others
7.4. Market Analysis, Insights and Forecast – By Segment 3
7.4.1. Sub-Segment 1
7.4.2. Sub-Segment 2
7.4.3. Sub-Segment 3
7.4.4. Others
7.5. Insights and Forecast – By Country
7.5.1. Brazil
7.5.2. Mexico
7.5.3. Rest of Latin America
8. Europe Grid-Scale Battery Storage Technologies Market Analysis (USD Billion), Insights and Forecast, 2016-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Segment 1
8.2.1. Sub-Segment 1
8.2.2. Sub-Segment 2
8.3. Market Analysis, Insights and Forecast – By Segment 2
8.3.1. Sub-Segment 1
8.3.2. Sub-Segment 2
8.3.3. Sub-Segment 3
8.3.4. Others
8.4. Market Analysis, Insights and Forecast – By Segment 3
8.4.1. Sub-Segment 1
8.4.2. Sub-Segment 2
8.4.3. Sub-Segment 3
8.4.4. Others
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. UK
8.5.2. Germany
8.5.3. France
8.5.4. Italy
8.5.5. Spain
8.5.6. Russia
8.5.7. Rest of Europe
9. Asia Pacific Grid-Scale Battery Storage Technologies Market Analysis (USD Billion), Insights and Forecast, 2016-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Segment 1
9.2.1. Sub-Segment 1
9.2.2. Sub-Segment 2
9.3. Market Analysis, Insights and Forecast – By Segment 2
9.3.1. Sub-Segment 1
9.3.2. Sub-Segment 2
9.3.3. Sub-Segment 3
9.3.4. Others
9.4. Market Analysis, Insights and Forecast – By Segment 3
9.4.1. Sub-Segment 1
9.4.2. Sub-Segment 2
9.4.3. Sub-Segment 3
9.4.4. Others
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. China
9.5.2. India
9.5.3. Japan
9.5.4. Australia
9.5.5. South East Asia
9.5.6. Rest of Asia Pacific
10. Middle East & Africa Grid-Scale Battery Storage Technologies Market Analysis (USD Billion), Insights and Forecast, 2016-2027
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Segment 1
10.2.1. Sub-Segment 1
10.2.2. Sub-Segment 2
10.3. Market Analysis, Insights and Forecast – By Segment 2
10.3.1. Sub-Segment 1
10.3.2. Sub-Segment 2
10.3.3. Sub-Segment 3
10.3.4. Others
10.4. Market Analysis, Insights and Forecast – By Segment 3
10.4.1. Sub-Segment 1
10.4.2. Sub-Segment 2
10.4.3. Sub-Segment 3
10.4.4. Others
10.5. Market Analysis, Insights and Forecast – By Country
10.5.1. GCC
10.5.2. South Africa
10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
11.1. Company Market Share Analysis, 2018
11.2. Key Industry Developments
11.3. Company Profile
11.3.1. Company 1
11.3.1.1. Business Overview
11.3.1.2. Segment 1 & Service Offering
11.3.1.3. Overall Revenue
11.3.1.4. Geographic Presence
11.3.1.5. Recent Development
*Similar details will be provided for the following companies
11.3.2. Company 2
11.3.3. Company 3
11.3.4. Company 4
11.3.5. Company 5
11.3.6. Company 6
11.3.7. Company 7
11.3.8. Company 8
11.3.9. Company 9
11.3.10. Company 10
11.3.11. Company 11
11.3.12. Company 12
List of Figures
Figure 1: Global Grid-Scale Battery Storage Technologies Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Grid-Scale Battery Storage Technologies Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Grid-Scale Battery Storage Technologies Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Grid-Scale Battery Storage Technologies Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Grid-Scale Battery Storage Technologies Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Grid-Scale Battery Storage Technologies Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Grid-Scale Battery Storage Technologies Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Grid-Scale Battery Storage Technologies Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Grid-Scale Battery Storage Technologies Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Grid-Scale Battery Storage Technologies Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Grid-Scale Battery Storage Technologies Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Grid-Scale Battery Storage Technologies Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Grid-Scale Battery Storage Technologies Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2016-2027
