Stationary Battery Storage Market to hit $35bn by 2030, Key Players: Exide Technologies, Johnson Controls, Tesla, Toshiba, Hitachi, Uniper, Panasonic, LG Chem, Duracell, BYD, LG Electronics, A123 systems, Samsung SDI, ACDelco, Valence Technology

Stationary Battery Storage Market valuation which was approximately USD 4 billion in 2017, is forecast to take a giant leap in the coming years in terms of revenue collection, with a target value of USD 35 billion by 2030. The industry landscape is quite regulatory driven, given that the system deployment has some profound environmental impact. The stringent regulatory framework and the economic structure that needs to be abided at various stages in energy storage systems deployments determines the competitiveness of the stationary battery storage industry landscape.

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Stationary Battery Storage Market Growth will be friven by increasing investments toward integration of sustainable energy technologies coupled with growing deployment of enhanced storage units with high power output. 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.

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. Panasonic
8. LG Chem
9. Duracell
10. BYD
11. LG Electronics
12. A123 systems
13. Samsung SDI
14. ACDelco
15. Valence Technology

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.

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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.

Growing concerns pertaining to security of supply along with regulatory reforms toward energy efficiency will foster the Germany stationary battery storage market share. The energy efficiency directive (2010/31/EU) commissioned by the EC incorporates the standardization of developing and existing energy storage systems across the nation. The rule further enhances its scope across the transportation and manufacturing of raw material for battery manufacturing.

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.

China, as per market experts, will prove to be another lucrative business ground for stationary battery storage market investors. A plethora of factors that can be placed behind this forecast include extensive commercialization, growing regional population coupled with surging demand for power, and Chinese government’s huge investment in grid upgradation. For instance, in 2017 China had decided to spend approximately USD 360 billion on renewable power technologies such as wind and solar by 2020. China Energy Storage Alliance (CNESA) in their recent report has forecast that the country will undergo a chain of trends in the coming years, pertaining to the energy industry, which undoubtedly will leave a perpetual impact on the regional stationary battery storage industry.

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:

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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.

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.

Top key players across stationary battery storage market includes Exide Technologies, Johnson Controls, Tesla, Toshiba, Hitachi, Uniper, ACDelco, Panasonic, Hitachi Maxell Ltd., LG Chem, Valence Technology, Duracell, BYD, GS Yuasa Battery Europe Ltd, A123 systems, LG Electronics, and Samsung SDI.

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