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Grid-Scale Battery Market to Witness Huge Growth by Key Players: LG Chem, Samsung, Panasonic, Fluence, Tesla, BYD Company, ABB, GE, GS Yuasa, Saft, NGK Insulators and Others.

04-11-2020 03:46 PM CET | Energy & Environment

Press release from: ReportsandReports

Grid-Scale Battery Market to Witness Huge Growth by Key Players:

According to Market Study Report, Grid-Scale Battery Market provides a comprehensive analysis of the Grid-Scale Battery Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Grid-Scale Battery Market. An exclusive data offered in this report is collected by research and industry experts team.

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The grid-scale battery market is expected to grow from USD 1.37 Billion in 2018 to USD 5.82 Billion by 2023, at a CAGR of 33.52% between 2018 and 2023. This report spread across 139 pages, profiling 13 companies and supported with 73 tables and 39 figures are now available in this research.

Top Companies Profiled in the Grid-Scale Battery Market:
o LG Chem (South Korea)
o Samsung (South Korea)
o Panasonic (Japan)
o Fluence (US)
o Tesla (US)
o BYD Company (China)
o ABB (Switzerland)
o GE (US)
o GS Yuasa (Japan)
o Toshiba (Japan)
o Saft (France)
o S&C Electric (US)
o NGK Insulators (Japan)

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"Renewable integration is expected to hold the largest share of the grid-scale battery market, by application, throughout the forecast period."
The grid-scale battery market has been segmented on the basis of application into renewable integration, peak shifting, ancillary services, back-up power, and others (include ingmicrogrids, ramping, black start, and transmission/distribution upgrade deferral).Factors such as attainment of renewable targets and energy efficiency, and increased reliability, security and resiliency of micro grid applications are expected to drive the growth of the grid-scale battery market for renewable integration during the forecast period.

"Asia Pacific: Major market for grid-scale batteries"
Asia Pacific is expected to be the fastest-growing market for grid-scale batteries during the forecast period. It is the most populated region in the world, and consequently, is witnessing high demand for electricity. Increasing investment in transmission and distribution of power is among the major factors driving the growth of the market in Asia Pacific.

Breakdown of primary participants' profile:
o By Company Type: Tier 1-55%, Tier 2-31%, Tier 3-14%
o By Designation: C-Level Executives-28%, Directors-36%, Others-36%
o By Region: North America-35%, Europe-28%, Asia Pacific-24%, RoW-13%

Competitive Landscape of Grid-Scale Battery Market:
1 Introduction
2 Ranking of Players & Industry Concentration, 2017
3 Competitive Scenario
3.1 Contract & Agreement
3.2 New Product Launch
3.3 Investment & Expansion
3.4 Joint Venture/Divestment/Merger & Acquisition/Partnership & Collaboration/ Strategic Alliance

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Research Coverage:
The report provides a picture of the grid-scale battery market for the power industry across various regions. It forecasts and studies the size and future growth potential of the market, by type, application, ownership-model, in various regions, respectively. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their profiles, recent developments, and key market strategies.

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