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Exide Technologies, Toshiba, Hitachi Chemical, Panasonic, Companies Profiled in Stationary Battery Storage Market | Top Key Players are Roofer Technology, Hitachi Maxell, LG Chem, Koninklijke Philips, GS Yuasa, Durapower, Samsung SDI

01-08-2019 07:42 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Stationary Battery Storage Market

Stationary Battery Storage Market

Stationary Battery Storage Market to witness 17% CAGR from 2018 to 2030, and will exceed USD 35 billion by 2030. 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. 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.

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Product differentiation is one of the prime strategies adopted by the stationary battery storage industry giants to sustain their position. For instance, Tesla’s lithium ion based battery storage products, ‘Powerwall’ is indeed a breakthrough in the industry. Recently, the American automaker has launched the upgraded version of the storage solution, Powerwall 2 of in South Australia, to mitigate the problem of increasing blackouts in the continent. Some of the other biggies involved in stationary battery storage market include Hitachi Maxell, Koninklijke Philips, Valence Technology, A123 Systems, and Exide Technologies.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Exide Technologies
2. Johnson Controls
3. Tesla
4. Toshiba
5. Hitachi
6. Uniper
7. ACDelco
8. Panasonic
9. LG Chem
10. Valence Technology
11. Duracell
12. BYD Electronic (International) Company Limited
13. A123 systems
14. Samsung Electronics
15. LG Electronics

Japan stationary battery storage market is set to exceed USD 2 billion by 2030. Ongoing investments toward expansion of microgrid network coupled with rising electricity consumption on account of growing commercial and industrial sector will positively influence the industry growth. In addition, the rising concerns pertaining to security of supply will stimulate the product penetration.

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The year 2016 witnessed companies such as China Aviation Lithium Battery Co., Lishen, Hefei Guoxuan High-Tech Power Energy Co., and BYD driving the battery market on the home ground. Other companies have been following suit lately, and are engaged in the manufacturing of Li-ion battery systems for electric cars. This is primarily because the rise in the demand for these cars had led to an upsurge in the requirement for Li-ion batteries, and the battery supply could not conform to the demand. As of 2017 however, Li-ion battery industry is being driven by major biggies, consequently impelling the domestic stationary battery storage market.

Accelerating demand for consistent grid support system along with ongoing investments toward upgradation and refurbishment of existing power network will propel the U.S. stationary battery storage market. Exponential increase in power consumption coupled with accelerating investments toward infrastructure development will positively influence the industry growth. In 2017, the Saudi Arabia through its sovereign fund has announced an investment of USD 120 billion toward the development of infrastructure across the U.S.

Speaking along the similar lines, the Europe belt has quite actively responded to the environmental needs, and thereby the region is forecast to be a potential business avenue for stationary battery storage industry. Countries like UK, France, and Germany stands out as the major revenue pockets. In addition, the regional market is characterized by the stringent regulatory framework which regional battery manufacturing units need to comply with. Validating the abovementioned fact, EU deployed Energy Efficiency Directive (2010/31/EU) to standardize energy storage systems.

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:

https://bit.ly/2vpOPFX

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.

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.

Industry players across the globe have set their eyes on manufacturing unique products to be utilized across numerous end-use sectors. The company claims that this grid-tied battery, with a capacity of 120MW/750MWh, would be the largest flow battery in the world post its launch in 2023. This project is one of those instances that demonstrates the far-reaching scope of flow battery market, which held more than 3.5% of the overall stationary battery storage industry in 2017. These batteries are utilized in a gamut of applications, with emergency power supply and uninterruptible power supplies (UPS) constituting a larger share.

Top Key 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 Related Reports: https://bit.ly/2oedAzT

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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: http://industry-source.org

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