Grid Scale Battery Market Size to Grow at a CAGR of 32% till 2023 by Top Players - LG Chem, Samsung, Panasonic, Fluence, Tesla, GS Yuasa, BYD Company, S&C Electric, ABB, GE, Toshiba, and NGK Insulators

Grid Scale Battery Market Highlights

Grid scale battery are collection of methods used to store electric energy on large scale within electric power grid. Grid scale battery are mostly used in services such as load management, power quality and UPS. Numerous batteries are used for grid application according to their power capabilities. Pumped-hydro station uses the services like load management due to their large power capabilities.

Grid scale battery technology is divided into UPS, T&D grid support and energy management. UPS as energy storage plays significant role in terms of frequency & power quality. T&D grid support uses the technique called as AGC (Automatic grid control) to balance generation and load. Energy management technique generally used in bulk power management. Inventions on this battery has done on wide scale on commercial basis to store energy during peak period and release when the consumption of power is less.

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The rising demand for grid scale battery is driven by advancement of technology, rapid development in American countries. According to Energy storage news, US is building 15MW / 30MWh of battery energy storage 10MW of solar. This will give boost to Infrastructure and development in US. It is estimated that the growth will continue during the forecast period. North America market for Grid scale battery is estimated to witness high growth during the forecast period due to the rising demand for natural gases and the requirement for efficient production systems.

Prominent Players:

The major key player in global Grid Scale Battery Market are LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), GS Yuasa (Japan), BYD Company (China), S&C Electric (US), ABB (Switzerland), GE (US), Toshiba (Japan), Saft (France), and NGK Insulators (Japan).

Segmental Analysis:

The global Grid Scale Battery Market is further segmented in three namely by battery type, by power Generation and by application.

Battery type further Sub-segmented as Lithium-ion batteries, flow batteries, Zinc-hybrid batteries, Sodium-Based Battery, Lithium-ion batteries is leading as these batteries are highly use in UPS having good efficiency.

Applications are Sub-divided as peak shaving, load shifting, renewable sources Integration, Backup power is fastest growing segment as most of the companies mostly rely on battery durability and amount of power supplied when power cut-off.

Power Generation is sub segmented into Power capacity or rating, Energy capacity, Power capacity is leading in this segment.

Region is segmented into Europe, North America, Asia Pacific, Rest of the world. North America region is dominating in Grid Scale Battery Market due to government support and industries shifting towards renewable energy.

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Table of Content

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining Power of Buyers

3.1.3 Bargaining Power of Suppliers

3.1.4 Threat of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…..

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