Stationary Battery Storage Market Growth, Demand By Top Companies: Exide Technologies, Johnson Controls, Tesla, Toshiba, Hitachi, Uniper, ACDelco, Panasonic, LG Chem, Valence Technology, Duracell, BYD Electronic (International) Company Limited, A123 syste
Stationary Battery Storage Market size in 2017 was valued over USD 4 billion and will exceed USD 35 billion by 2030, as reported in the latest study by Global Market Insights, Inc. Increasing investments toward integration of sustainable energy technologies coupled with growing deployment of enhanced storage units with high power output will foster the stationary battery storage market.
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Favorable regulatory framework toward the expansion of grid infrastructure will further propel the industry growth. International Finance Corporation in 2017, declared an investment of USD 1.2 billion for the development of renewable energy technologies in India.
Flow battery in 2017, accounted for over 3.5% of the stationary battery storage market. Rapid technological advancement toward the development of efficient and cost-effective storage solutions along with growing investments toward integration of renewable grid network will foster the business growth. Longer shelf life and higher product efficiency are some of the key features which will makes it adoption preferable when compared with available alternatives.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Exide Technologies
2. Johnson Controls
9. LG Chem
10. Valence Technology
12. BYD Electronic (International) Company Limited
13. A123 systems
14. Samsung Electronics
15. LG Electronics
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• Sodium Sulphur
• Lead Acid
• Flow Battery
• Emergency Power
• Communication Base Station
o Lithium ion
o Lead acid
o Flow battery
• Local Energy Storage
• Remote Relay Station
• Uninterruptible Power Supplies (UPS)
Increasing R&D spending toward the development of efficient system along with improved shelf life will positively drive the stationary battery storage market. 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.
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.
Notable players across stationary battery storage market includes Exide Technologies, Johnson Controls, Tesla, Toshiba, Hitachi, Uniper, ACDelco, Panasonic, Roofer Technology, Hitachi Maxell, LG Chem, Valence Technology, Duracell, BYD co, Koninklijke Philips, GS Yuasa, Durapower, A123 systems, LG Electronics and Samsung SDI.
Browse key industry insights spread across 330 pages with 364 market data tables & 13 figures & charts from the report, Stationary Battery Storage Market in detail along with the table of contents:
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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