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Global Grid-Scale Battery Industry

Global Grid-Scale Battery Industry

  • Publish Date:January 2023

  • Number of Pages:247

  • Report ID:5798695

  • Format:PDF

  • Publisher:Global Industry Analysts

$ 4950

Summary

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Grid-Scale Battery Market to Reach $19.5 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Grid-Scale Battery estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$19.5 Billion by 2030, growing at a CAGR of 22.3% over the analysis period 2022-2030. Lithium-Ion, one of the segments analyzed in the report, is projected to record a 22.8% CAGR and reach US$17.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lead Acid segment is readjusted to a revised 20.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 21.3% CAGR

The Grid-Scale Battery market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 21.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.2% and 18.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.

Select Competitors (Total 48 Featured)
- ABB Group
- BYD Co., Ltd.
- Fluence Energy, LLC
- General Electric Company
- GS Yuasa Corporation
- LG Chem
- NGK Insulators Ltd.
- Panasonic Corporation
- Saft Groupe SA
- Samsung SDI Co., Ltd
- Tesla Motors, Inc.
- Toshiba Corporation

Table of contents

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Grid Scale Battery Market: A Snapshot
Battery Storage Market - An Introduction
Lithium ion (Li-ion) Dominates the Battery Grid Energy Storage
Market
Grid-Scale Battery - Global Key Competitors Percentage Market
Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Grid-Scale Battery by Geographic Region - USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR

Table 2: World 8-Year Perspective for Grid-Scale Battery by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2023 & 2030

Table 3: World Recent Past, Current & Future Analysis for
Lithium-Ion by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2022 through
2030 and % CAGR

Table 4: World 8-Year Perspective for Lithium-Ion by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2023 & 2030

Table 5: World Recent Past, Current & Future Analysis for Lead
Acid by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2022 through 2030 and
% CAGR

Table 6: World 8-Year Perspective for Lead Acid by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2023 & 2030

Table 7: World Recent Past, Current & Future Analysis for Other
Types by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2022 through 2030 and
% CAGR

Table 8: World 8-Year Perspective for Other Types by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2023 & 2030

Table 9: World Recent Past, Current & Future Analysis for
Renewable Integration by Geographic Region - USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR

Table 10: World 8-Year Perspective for Renewable Integration by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2023 & 2030

Table 11: World Recent Past, Current & Future Analysis for
Ancillary Services by Geographic Region - USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR

Table 12: World 8-Year Perspective for Ancillary Services by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2023 & 2030

Table 13: World Recent Past, Current & Future Analysis for
Other Applications by Geographic Region - USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR

Table 14: World 8-Year Perspective for Other Applications by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2023 & 2030

Table 15: World Grid-Scale Battery Market Analysis of Annual
Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES
Grid-Scale Battery Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in the United States for 2023 (E)
Active Players in United States
Table 16: USA Recent Past, Current & Future Analysis for
Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other
Types - Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 17: USA 8-Year Perspective for Grid-Scale Battery by Type -
Percentage Breakdown of Value Sales for Lithium-Ion, Lead
Acid and Other Types for the Years 2023 & 2030

Table 18: USA Recent Past, Current & Future Analysis for
Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 19: USA 8-Year Perspective for Grid-Scale Battery by
Application - Percentage Breakdown of Value Sales for Ancillary
Services, Renewable Integration and Other Applications for the
Years 2023 & 2030

CANADA
Active Players in Canada
Table 20: Canada Recent Past, Current & Future Analysis for
Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other
Types - Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 21: Canada 8-Year Perspective for Grid-Scale Battery by
Type - Percentage Breakdown of Value Sales for Lithium-Ion,
Lead Acid and Other Types for the Years 2023 & 2030

Table 22: Canada Recent Past, Current & Future Analysis for
Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 23: Canada 8-Year Perspective for Grid-Scale Battery by
Application - Percentage Breakdown of Value Sales for Ancillary
Services, Renewable Integration and Other Applications for the
Years 2023 & 2030

JAPAN
Grid-Scale Battery Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Japan for 2023 (E)
Active Players in Japan
Table 24: Japan Recent Past, Current & Future Analysis for
Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other
Types - Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 25: Japan 8-Year Perspective for Grid-Scale Battery by
Type - Percentage Breakdown of Value Sales for Lithium-Ion,
Lead Acid and Other Types for the Years 2023 & 2030

Table 26: Japan Recent Past, Current & Future Analysis for
Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 27: Japan 8-Year Perspective for Grid-Scale Battery by
Application - Percentage Breakdown of Value Sales for Ancillary
Services, Renewable Integration and Other Applications for the
Years 2023 & 2030

CHINA
Grid-Scale Battery Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in China for 2023 (E)
Active Players in China
Table 28: China Recent Past, Current & Future Analysis for
Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other
Types - Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 29: China 8-Year Perspective for Grid-Scale Battery by
Type - Percentage Breakdown of Value Sales for Lithium-Ion,
Lead Acid and Other Types for the Years 2023 & 2030

Table 30: China Recent Past, Current & Future Analysis for
Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 31: China 8-Year Perspective for Grid-Scale Battery by
Application - Percentage Breakdown of Value Sales for Ancillary
Services, Renewable Integration and Other Applications for the
Years 2023 & 2030

EUROPE
Grid-Scale Battery Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Europe for 2023 (E)
Table 32: Europe Recent Past, Current & Future Analysis for
Grid-Scale Battery by Geographic Region - France, Germany,
Italy, UK and Rest of Europe Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2022 through 2030 and %
CAGR

Table 33: Europe 8-Year Perspective for Grid-Scale Battery by
Geographic Region - Percentage Breakdown of Value Sales for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2023 & 2030

Table 34: Europe Recent Past, Current & Future Analysis for
Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other
Types - Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 35: Europe 8-Year Perspective for Grid-Scale Battery by
Type - Percentage Breakdown of Value Sales for Lithium-Ion,
Lead Acid and Other Types for the Years 2023 & 2030

Table 36: Europe Recent Past, Current & Future Analysis for
Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 37: Europe 8-Year Perspective for Grid-Scale Battery by
Application - Percentage Breakdown of Value Sales for Ancillary
Services, Renewable Integration and Other Applications for the
Years 2023 & 2030

FRANCE
Grid-Scale Battery Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in France for 2023 (E)
Active Players in France
Table 38: France Recent Past, Current & Future Analysis for
Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other
Types - Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 39: France 8-Year Perspective for Grid-Scale Battery by
Type - Percentage Breakdown of Value Sales for Lithium-Ion,
Lead Acid and Other Types for the Years 2023 & 2030

Table 40: France Recent Past, Current & Future Analysis for
Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 41: France 8-Year Perspective for Grid-Scale Battery by
Application - Percentage Breakdown of Value Sales for Ancillary
Services, Renewable Integration and Other Applications for the
Years 2023 & 2030

GERMANY
Grid-Scale Battery Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Germany for 2023 (E)
Active Players in Germany
Table 42: Germany Recent Past, Current & Future Analysis for
Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other
Types - Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 43: Germany 8-Year Perspective for Grid-Scale Battery by
Type - Percentage Breakdown of Value Sales for Lithium-Ion,
Lead Acid and Other Types for the Years 2023 & 2030

Table 44: Germany Recent Past, Current & Future Analysis for
Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 45: Germany 8-Year Perspective for Grid-Scale Battery by
Application - Percentage Breakdown of Value Sales for Ancillary
Services, Renewable Integration and Other Applications for the
Years 2023 & 2030

ITALY
Active Players in Italy
Table 46: Italy Recent Past, Current & Future Analysis for
Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other
Types - Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 47: Italy 8-Year Perspective for Grid-Scale Battery by
Type - Percentage Breakdown of Value Sales for Lithium-Ion,
Lead Acid and Other Types for the Years 2023 & 2030

Table 48: Italy Recent Past, Current & Future Analysis for
Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 49: Italy 8-Year Perspective for Grid-Scale Battery by
Application - Percentage Breakdown of Value Sales for Ancillary
Services, Renewable Integration and Other Applications for the
Years 2023 & 2030

UNITED KINGDOM
Grid-Scale Battery Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in the United Kingdom for 2023 (E)
Active Players in United Kingdom
Table 50: UK Recent Past, Current & Future Analysis for
Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other
Types - Independent Analysis of Annual Sales in US$ Million for
the Years 2022 through 2030 and % CAGR

Table 51: UK 8-Year Perspective for Grid-Scale Battery by Type -
Percentage Breakdown of Value Sales for Lithium-Ion, Lead
Acid and Other Types for the Years 2023 & 2030

Table 52: UK Recent Past, Current & Future Analysis for
Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 53: UK 8-Year Perspective for Grid-Scale Battery by
Application - Percentage Breakdown of Value Sales for Ancillary
Services, Renewable Integration and Other Applications for the
Years 2023 & 2030

REST OF EUROPE
Active Players in Rest of Europe
Table 54: Rest of Europe Recent Past, Current & Future Analysis
for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and
Other Types - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR

Table 55: Rest of Europe 8-Year Perspective for Grid-Scale
Battery by Type - Percentage Breakdown of Value Sales for
Lithium-Ion, Lead Acid and Other Types for the Years 2023 &
2030

Table 56: Rest of Europe Recent Past, Current & Future Analysis
for Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 57: Rest of Europe 8-Year Perspective for Grid-Scale
Battery by Application - Percentage Breakdown of Value Sales
for Ancillary Services, Renewable Integration and Other
Applications for the Years 2023 & 2030

ASIA-PACIFIC
Grid-Scale Battery Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Asia-Pacific for 2023 (E)
Active Players in Asia-Pacific
Table 58: Asia-Pacific Recent Past, Current & Future Analysis
for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and
Other Types - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR

Table 59: Asia-Pacific 8-Year Perspective for Grid-Scale
Battery by Type - Percentage Breakdown of Value Sales for
Lithium-Ion, Lead Acid and Other Types for the Years 2023 &
2030

Table 60: Asia-Pacific Recent Past, Current & Future Analysis
for Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 61: Asia-Pacific 8-Year Perspective for Grid-Scale
Battery by Application - Percentage Breakdown of Value Sales
for Ancillary Services, Renewable Integration and Other
Applications for the Years 2023 & 2030

REST OF WORLD
Active Players in Rest of World
Table 62: Rest of World Recent Past, Current & Future Analysis
for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and
Other Types - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR

Table 63: Rest of World 8-Year Perspective for Grid-Scale
Battery by Type - Percentage Breakdown of Value Sales for
Lithium-Ion, Lead Acid and Other Types for the Years 2023 &
2030

Table 64: Rest of World Recent Past, Current & Future Analysis
for Grid-Scale Battery by Application - Ancillary Services,
Renewable Integration and Other Applications - Independent
Analysis of Annual Sales in US$ Million for the Years 2022
through 2030 and % CAGR

Table 65: Rest of World 8-Year Perspective for Grid-Scale
Battery by Application - Percentage Breakdown of Value Sales
for Ancillary Services, Renewable Integration and Other
Applications for the Years 2023 & 2030

IV. COMPETITION

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.