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Grid-Scale Battery Market by Type, by Ownership-Model, by Application And Region - Global Forecast to 2023

Grid-Scale Battery Market: Global Forecast until 2023

  • June 2018
  • 140 pages
  • ID: 5439555
In this report:
The lithium-ion segment is projected to reach an installation of ##,##.## MW by 2023 and is expected to grow at a CAGR of ##.##% from 2018 to 2023.
The lithium-ion segment is projected to reach an installation of ## MW by 2023 and is expected to grow at a CAGR of ##.##% from 2018 to 2023.
It is expected to be the largest stationary type system in Europe with a power capacity of ## MW and a storage capacity of over ## MWh.

Summary

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The grid-scale battery market is anticipated to grow at a CAGR (Compound annual growth rate) of ~33.5 percent between 2017 and 2022.

The grid-scale battery market is forecasted to grow from ~$1.4B in 2018 to ~$5.8B by 2023, at a compound annual growth rate (CAGR) of ~33.5 percent between 2018 and 2023. Some of the main factors driving the market increase contain the growing investments in renewable energy and reducing costs of grid-scale batteries owing to technological advancements and expanded deployment.

Renewable integration is forecasted to hold the biggest share of the grid-scale battery market, by application, overall the outlook period.

The grid-scale battery market has been split on the basis of application into renewable integration, peak shifting, ancillary services, back-up power, and others (including microgrids, ramping, black start, and transmission/distribution upgrade deferral). Elements such as attainment of renewable targets and energy efficiency, and rised reliability, security and resiliency of microgrid applications are forecast to steer the increase of the grid-scale battery market for renewable integration during the estimate period.

Asia-Pac (APAC): Major market for grid-scale batteries

APAC is anticipated to be the quickest developing market for grid-scale batteries during the outlook period.It is the most populated area in the globe, and consequently, is attesting a strong demand for electricity.

Rising investment in transmission and distribution of power is among the main factors driving the increase of the market in Asia-Pac.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 - 55.0 percent, Tier 2 - 31.0 percent, Tier 3 - 14.0 percent

• By Description: C-suite executives - 28.0 percent, Directors - 36.0 percent, Others - 36.0 percent

• By Area: North America continent - 35.0 percent, Europe (EU) - 28.0 percent, Asia Pacific (APAC) - 24.0 percent, RoW - 13.0 percent

Note: The tiers of the firms have been defined on the basis of their total revenues; as of 2017: Tier 1 =>USD 5 billion, Tier 2 = $1.0B to $5.0B, and Tier 3

The key players in the grid-scale battery market are LG Chem, Samsung, Panasonic, Fluence, Tesla, BYD Company, ABB, GE, GS Yuasa, Toshiba, Saft, S&C Electric, and NGK Insulators.

Segment Research

The study offers a picture of the grid-scale battery market for the power market across different areas.It forecasts and studies the size and future increase potential of the market, by category, application, ownership-model, in several areas, respectively.

Moreover, the analysis includes a detailed competitive analysis of the top players in the industry, together with their profiles, latest developments, and key industries strategies.

The grid-scale battery market, in this business report, has been divided on the basis of type, application, ownership-model, and area with a focus on industry study, market ranking review of top actors, and company descriptions, which together comprise the basic overviews on opposing landscape, coming out and high-growth segments of the grid-scale battery market, high-growth areas, and sector drivers, industry restraints, possibilities, and opportunities.

This study furnishes highlights on the following points:

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and launches of new product in the grid-scale battery market

• Market Development: Highlighted information about profitable emerging sectors; the industry report examines the sector for grid-scale battery across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall grid-scale battery market

Why acquire this industry report?

1. The study determines and addresses top application areas for the implementation of grid-scale batteries in the power sector; this would help manufacturers review the rise in demand for these batteries.

2. The analysis benefits solution providers comprehend the pulse of the sector and offer business insights into market forces, including drivers, market restraints, alternatives, and opportunities.

3. The market research will allow top players to better find out their players' strategies and help them in decision-making.

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