Grid-Scale Battery Market Global Industry Analysis, Size, Share, Future Growth, Trends and Forecast 2020-2027

The grid-scale battery enables the storage of energy on a large scale within an electric power grid for later use. The robust investments in renewable energy and technological advancements in the grid-scale battery are contributing to the growth of the grid-scale battery. Moreover, expanded deployments and government subsidies in different countries are further fueling the market demand. The North American market is likely to proliferate during the forecast period owing to the high demand from residential and utility sectors.

The grid-scale battery market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of renewable energy and government subsidies for improving energy efficiency. However, hazardous environmental impacts are likely to impede the growth of the grid-scale battery market in the forecast period. Nevertheless, the development of newer technologies and enhanced focus on rural electrification would open lucrative opportunities for the players involved in the grid-scale battery market.

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The global grid-scale battery market is segmented on the basis of type and application. Based on type, the market is segmented as lead acid, lithium-ion, flow battery, and others. On the basis of the application, the market is segmented as renewable integration, ancillary services, peak shifting, backup power, and others.

Key Players:
1.Fluence Energy, LLC
2.General Electric Company
3.GS Yuasa Lithium Power Inc.
4.LG Chem Ltd
5.NGK INSULATORS, LTD.
6.S and C Electric Company
7.Saft Groupe SA
8.Samsung SDI Co Ltd
9.Tesla, Inc.
10.Toshiba Corporation

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global grid-scale battery market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The grid-scale battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting grid-scale battery market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the grid-scale battery market in these regions.

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