Press release
Lithium ion battery sector of Stationary Battery Storage Market to witness 25% CAGR over 2019-2030 | Major Vendors are Hitachi Chemical, LG Chem, Hoppecke Batteries, Mutlu Batteries, A123 Systems, Panasonic, Toshiba
Stationary Battery Storage Market
Stationary Battery Storage Market growth in Lithium ion battery sector is expected to witness a gradual growth in the coming years. In 2017, Tesla has launched its grid scale lithium ion battery of 129 MWh in South Australia, aiming for the establishment of effective grid storage technology on a large scale. Similar efforts undertaken by other reputed giants stand to contribute massively toward stationary battery storage industry size. Another lucrative product segment of stationary battery storage industry is the lithium ion battery, which is reputed to account for a widespread scope of real-time applications. Lithium ion batteries are extensively deployed for solar projects, uninterrupted power supply systems, reliable marine performance, portable power packs, surveillance systems, etc.
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The robust need to transform conventional grids to sustainable ones has led to a massive upsurge in the number of electrical network upgradation and grid refurbishment projects, which are certain to propel stationary battery storage market share. In fact, surveys depict that the emerging regions, with rapidly developing residential establishments will depict an increase in the number of refurnishing projects. Frequent grid failures at these places coupled with the extensive requirement for electricity will thus, collectively drive the demand for emergency power supply, setting the ground lucrative for stationary battery storage industry from emergency power supply.
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
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Statistics claim, stationary battery storage market valuation is forecast to take a giant leap in the coming years in terms of revenue collection, with a target value of USD 170 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 by at various stages in energy storage systems deployments determines the competitiveness of the stationary battery storage industry landscape.
With grid-connected batteries christened to be an attractive business prospect, stationary battery storage market is likely to witness a major upswing over the forthcoming years. The newfangled wave of renewable power generation having hit the most industries, has left its impression on stationary battery storage industry as well. One of the major drivers that is responsible for the growth of this business space is the robust requirement of a sustainable electricity network pertaining to the clean energy demands across the globe.
Recently however, in response to Tesla’s Powerwall deployment in Australia, a Brisbane-based firm has declared the production of a residential battery named ZCell, forecast to be the dark horse infiltrating the battleground on which Tesla aims to secure triumph. The magnitude of stationary battery storage market is thus, gargantuan, which is also quite evident from the competitive landscape of this market – according to a stationary battery storage industry report, the revenue share of this business is apportioned among the big-league enterprises such as GS Yuasa, Hitachi Maxell, Uniper, Koninklijke Philips, A123 Systems, ACDelco, Valence Technology, Durapower, Exide Technologies, Hitachi Chemical, Duracell, LG Chem, Tesla, Johnson Controls, Toshiba, Roofer Technology, Samsung SDI, BYD Co., and Panasonic.
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://www.gminsights.com/industry-analysis/stationary-battery-storage-market
China, as per market experts, will prove to be a 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.
The U.S. belt has quite actively responded to the rising environmental needs, owing to which the region is forecast to be a potential business avenue for stationary battery storage market. Driven by the refurbishment of current electrical networks as well as the launch of sustainable building codes and standards, the United States has been touted to emerge as a viable revenue pocket for this business space.
Global 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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