Stationary Battery Storage Market 2018-2030 By Major Players: Exide Technologies, Toshiba, Hitachi Chemical, Panasonic, Roofer Technology, Hitachi Maxell, LG Chem, Koninklijke Philips, GS Yuasa, Durapower, Samsung SDI

Stationary Battery Storage Market growth will be driven by increasing R&D spending toward the development of efficient system along with improved shelf life. High discharge rate, reduced weight, comparative efficiency, longer life cycle, reducing cost and high voltage output and some of the key imperative parameters which will boost the product demand. In 2017, MDPI denoted the energy density for lithium-ion battery between 110 to 160 Wh/Kg when compared with NiMH, NiCd and lead acid batteries.

Advancement in the designing of wireless technologies along with development of communication network will expand the stationary battery storage Market. Unavailability of effective monitoring units across the emerging economies coupled with recurrent power failures & outages will augment the business growth. Moreover, rapid technological enhancements for the advancement of distributed generation technology will stimulate the adoption of product.

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Expansion of communication network on account of progression in the wireless technologies will augment the stationary battery storage market. Recurrent power failures and outages along with lack of efficient monitoring systems across the developing nations will complement the business outlook. Rapid technological advancements toward the development of distributed generation technologies will encourage the product adoption.

Continuous investments for the development of grid network along with rising consumption of electricity owing to propelling industrial and commercial segment will embellish the Japan stationary battery storage market growth. Furthermore, growing concerns relating to the supply security will drive the product adoption.

High voltage capacity along with high gravimetric and volumetric densities are some of the key parameters which will propel the stationary battery storage Market. The Multidisciplinary Digital Publishing Institute (MDPI) in 2017, stated the energy density of lithium-ion battery varying from 110 - 160 Wh/Kg as compared to the lead acid, NiCd and NiMH, batteries. Furthermore, the reduction in the battery cost owing to economy of scale and efficient manufacturing coupled with availability of low cost raw material will complement the industry outlook.

Stationary Battery Storage Market in 2017 was valued over USD 4 billion and will cross USD 35 billion by 2030 gain to witness 17% CAGR till 2030.

Growth Drivers:

• Favourable regulatory framework
• Growth in the renewable energy sector
• Decline in battery costs
• Longer shelf life & high energy density

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Investments toward refurbishment of ageing electrical infrastructure along with ongoing adoption of advanced grid support systems will foster the North America stationary battery storage market. Rising concerns toward security of supply with increasing spending toward sustainable electric network will stimulate the industry growth. Exponential increase in the power consumption along with growing demand for continuous and reliable electricity will further complement the business growth. In 2017, China proposed an investment of around USD 800 billion across the U.S. energy infrastructure sector.

U.S. stationary battery storage market will expand owing to the increasing investments toward the restoration of existing electrical infrastructure along with growing deployment of advance support systems. Increasing power consumption coupled with growing need for reliable and continuous supply of electricity will further enhance the business growth.

Notable players across stationary battery storage market includes Exide Technologies, Johnson Controls, Tesla, Toshiba, Hitachi Chemical, Uniper, ACDelco, Panasonic, Roofer Technology, Hitachi Maxell, LG Chem, Valence Technology, Duracell, BYD co, Koninklijke Philips, GS Yuasa, Durapower, A123 systems and Samsung SDI.

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