Stationary Battery Storage Market Will Grow at a Healthy CAGR by 2030 Profiling Exide Technologies, Johnson Controls, Tesla, Toshiba, Hitachi, Uniper, Panasonic, LG Chem, Duracell, BYD, A123 systems, LG Electronics, EnerSys

With grid connected battery storage systems getting into the mainstream power supply, stationary battery storage market is forecast to witness an upswing in the coming years. Energy storage has served as an interface between intermittent renewable power and the benefits of all time reliable, clean resilient energy supply. Utilities around the world are intrigued by the storage potential to address other needs such as releasing congestion and smoothening out power variations that occur even in renewable energy generation. One of the profound factors that is likely to act in favor of stationary battery storage industry augmentation is the unprecedented demand for electricity across the world. With the increasing global initiatives toward greenhouse gas emission abatement, a portion of the upcoming power generation should come from renewable sources.

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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.

Product differentiation is one of the prime strategies adopted by the stationary battery storage market 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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Exide Technologies
o Johnson Controls
o Tesla
o Toshiba
o Hitachi
o Uniper
o Panasonic
o LG Chem
o Duracell
o BYD
o A123 systems
o LG Electronics
o EnerSys

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 market.

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.

Another major driving force of the U.S. stationary battery storage market is the increasing power consumption along with the pivotal upsurge in infrastructure development investments. In addition, the launch of highly favorable policies for the development of large scale energy storage projects will also augment the regional industry landscape. Say for instance, in the year 2017, December, the NY government declared numerous regulations targeted toward an energy storage deployment target of 1,500 MW by 2025.

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Though stationary battery storage industry is forecast to penetrate most of the emerging nations across the world, the growth curve will vary significantly on a global level. A large number of factors that are underlining this growth variation as per region include regulatory landscape, grid infrastructure, supply framework, population demographics, and energy demand. However, keeping into consideration the aforementioned aspects, stationary battery storage industry is set to exhibit a lucrative road map in the coming time frame, with a remarkable annual growth rate over 2019-2030.

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