Stationary Battery Storage Market : Key Players – Tesla, Durapower, Exide Technologies, Duracell., Toshiba Corporation, Panasonic Corporation, Samsung SDI, Johnson controls

What are the factors stimulating stationary battery storage market growth over 2030?

The stationary battery storage market is estimated to record noteworthy growth due to rising emphasis on expanding distributed energy generation infrastructure. Numerous governments worldwide are introducing stringent federal frameworks to promote the refurbishment of existing electrical infrastructure.

The demand for large scale energy storage systems coupled with rapid incorporation of digital monitoring technologies has stimulated the deployment of stationary battery storage systems. Factors like growing need for continuous power supply and rising electricity prices could massively support technology adoption over the coming years. While steady drop-in battery cost due to manufacturing efficiencies and thriving economies would strengthen business prospects.

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Why is the rural sector shifting towards off-grid energy infrastructure?

Surging popularity of renewable energy sources like wind and solar along with growing electrification initiatives across rural sectors might accelerate the adoption of off-grid services. Over the years, concerns over rural isolation has compelled governments to implement strong initiatives to provide remote areas with essential resources.
Implementation of such government initiatives to improve standard of living of rural population will drive the deployment of stationary battery storage infrastructure. Additionally, limited availability of grid infrastructure might further broaden industry landscape.

Why are lithium-ion batteries preferred in stationary battery storage systems?

Lithium-ion batteries have managed to become the preferred energy source for portable electronic gadgets and appliances. Manufacturers prefer lithium-ion batteries as they have very low maintenance, an advantage that other counterparts fail to provide. Moreover, these batteries consume less than half self-discharge, comparatively lower to nickel-cadmium batteries, making it ideal for stationary storage applications.

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Construction of new energy storage plants will drive the demand for lithium-ion batteries in the coming years. In 2020, leading energy company Neoen announced the construction of a new 30 MW lithium-ion battery-based energy storage plant dubbed Yllikkälä Power Reserve One in Finland.

How is North America stationary battery storage market registering growth?

North America is considered to be a lucrative terrain for stationary battery companies, and is estimated to observe noteworthy growth by 2030. Factors like proliferating demand for reliable grid support and rapidly advancing energy storage technologies could play a vital role in supporting regional market size.

Moreover, increasing investments towards expanding battery production units and infrastructure might strengthen business outlook. Taking May 2020 for instance, Tesla and Panasonic joined forces to expand battery production at the automaker’s Gigafactory 1 plant.

While energy company Strata Solar recently completed the pre-construction work on one of the largest stationary energy storage plants in the US, developed using Tesla megapacks. Rise in cases of power outages and increasing consumer awareness regarding energy security and carbon emissions will further escalate technology demand across North America.

Report Content

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimates & forecast parameters

1.3.1 COVID – 19 impact on market outlook

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Stationary battery storage market 3600 synopsis, 2017 – 2030

2.1.1 Business trends

2.1.2 Battery trends

2.1.3 Application trends

2.1.4 Regional trends

Chapter 3 Stationary Battery Storage Industry Insights

3.1 Industry segmentation

3.2 Industry ecosystem analysis

3.3 Innovation & Sustainability

3.3.1 BYD

3.3.2 Mutlu Battery

3.3.3 Toshiba

3.3.4 LG Chem

3.3.5 Duracell

3.3.6 Exide Technologies

3.3.7 Samsung SDI Co., Ltd.

3.3.8 Panasonic Corporation

3.4 Regulatory Landscape

3.4.1 Europe

3.4.1.1 EU Battery Directive

3.4.1.2 Secondary European Legislation on Batteries:

3.4.2 UK

3.4.2.1 The Batteries and Accumulators Regulations 2008

3.4.2.2 The Waste Batteries and Accumulators Regulations 2009

3.4.2.3 Northern Ireland

3.4.3 Scotland

3.4.4 U.S.

3.4.4.1 Codes and Standards for Energy Storage Systems

3.4.4.2 Electronic Code of Federal Regulations

3.4.4.3 DOE VTO Advanced Battery R&D Program

3.4.4.4 Mercury-Containing and Rechargeable Battery Management Act of 1996

3.4.5 China

3.4.5.1 China RoHS Directive

3.4.5.2 Guiding Opinions on Promoting Energy Storage Technology and Industry Development (Guiding Opinions)

3.4.5.3 Announcement on Promoting Electrical Storage Participation in Ancillary Service in the ‘Three Norths’ Region

3.4.5.4 China battery GB standards

3.4.6 Japan

3.4.6.1 JISC Standards

3.4.6.2 DENAN Law

3.4.7 International Battery Standards and Testing

3.4.7.1 General Battery Standards

3.4.7.2 Safety Standards

3.4.7.3 Quality Standards

3.5 Customer requirement

3.6 Customer group requirement

3.7 Entry barriers

3.8 COVID – 19 impact on the overall industry outlook, 2020 - 2030

3.8.1 Optimistic view

3.8.2 Realistic view

3.8.3 Pessimistic view

3.9 Industry impact forces

3.9.1 Growth drivers

3.9.1.1 Favourable regulatory framework

3.9.1.2 Growth in the renewable energy sector

3.9.1.3 Decline in battery costs

3.9.1.4 Electrification of transportation sector

3.9.1.5 Longer shelf life & high energy density

3.9.2 Industry pitfalls and challenges

3.9.2.1 Safety concerns

3.10 Porter’s analysis

3.11 TCO analysis between VRLA and Lithium ion batteries

3.11.1 Battery Attributes

3.11.2 Assumptions

3.11.3 Capital Expense

3.11.4 Operational Expense

3.11.5 TCO Calculation

3.12 Average Project size

3.13 Installed Cumulative Renewable Capacity (MW)

3.14 Comparison of key battery technologies

3.15 Growth potential analysis

3.16 Price trend analysis

3.16.1 Prince trend, by battery

3.17 Leading industry players

3.17.1 Global players

3.17.2 North America

3.17.3 Europe

3.17.4 Asia Pacific

3.17.5 Middle East & Africa

3.17.6 Latin America

3.18 Competitive landscape, 2020

3.18.1 Strategy dashboard

3.18.1.1 GS Yuasa Corporation

3.18.1.2 Samsung SDI

3.18.1.3 LG Chem

3.18.1.4 Johnson Controls

3.18.1.5 Hitachi Chemical Co., Ltd.

3.18.1.6 Tesla

3.18.1.7 Enersys

3.18.1.8 Hoppecke Batteries, Inc.

3.18.1.9 Exide Technologies

3.19 PESTEL Analysis

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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