Grid-Scale Electricity Storage Technologies Market is projected to grow at a USD 1.66 billion With Leading Players Tesla Energy Operations, BYD Company Ltd, GS Yuasa Corporation, General Electric Company, Mitsubishi Electric Corporation

Grid-Scale Electricity Storage Technologies Market To Grow At A CAGR Of 10.5%

The global grid-scale electricity storage technologies market is estimated to reach USD 1.66 billion in 2021 and is projected to grow at a CAGR of 10.5% over the forecast period. Grid-scale energy storage system refers to the technologies which are specifically being used for the purpose of the energy storage so that the energy can be used in the future during adverse conditions like blackouts, power shortages and even during high demand for the power supply. This system also contains pumped hydro storage systems, advanced batteries, flywheels and other evolving technologies like compressed air energy storage. The demand for grid-scale energy storage is mainly driven by the factors like the need to enhance the reliability stability and efficiency of the electricity grid and the need to integrate the energy produced from renewable sources like wind and solar.

So this report of the global grid-scale electricity storage technologies market basically aims in estimating the overall market size and future growth potential of the global grid-scale electricity storage technologies market across different segments, namely, geographical location, application, type and functional automation. Not only this but also this report provides details regarding some of the main factors which play the lead role in determining the growth of the market like industry-specific challenges, opportunities, drivers and restraints.

The global grid-scale energy storage technologies market is segmented on the basis of application, technology and region. On the basis of technology, the market is segmented into compressed air energy storage, batteries, flywheels and pumped hydropower. On the basis of application, the market is segmented into renewable energy integration, electric vehicle charging, UPS and microgrids.

With a significant CAGR over the forecast period, the global market is expected to grow. Including the product category, market analysis based on applications, region-based analysis, and the presence of the global market is presented. The study presents a thorough overview of emerging trends and competitive scenarios. The research keeps you up-to-date with major developments in the industry and lets you improve your competitor study. For example, distribution, type capability, production, benefit, demand, price, promotion forecast, and development speed were analyzed for the global industrial market requirements. The report also analyses the future growth prospects of the global market on a worldwide as well as regional basis.

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Major Companies: In this report, the major companies studied are:

1. Panasonic Corp
2. LG CHEM Ltd
3. Bosch Group
4. Duke Energy Corp
5. Samsung SDI Co. Lt
6. Hitachi Ltd
7. Tesla Energy Operations
8. BYD Company Ltd
9. GS Yuasa Corporation
10. General Electric Company
11. Mitsubishi Electric Corporation
12. Sumitomo Electric Industries
13. Beacon Power LLC
14. Eos Energy Storage
15. S&C Electric Company

Global Grid-Scale Energy Storage Technologies Market Report Provides:

● Detailed overview of global market and healthcare grid-scale energy storage technologies.
● Research and Analysis of the latest trend along with the annual growth rate estimates for yearly assessments.
● Market analysis of grid-scale energy storage devices demand and its application with the help of newly invented technologies and breakdown.
● Insights of market opportunities which helps to implement targeted customer marketing strategies for grid-scale energy storage technologies market.
● Global players that are dominating the global grid-scale energy storage technologies market with detailed insights.

Regional Analysis Of Global Grid-Scale Energy Storage Technologies Market

The report gives a thorough overview of the industry including qualitative and quantitative data. It also offers an overview and forecast of the global grid-scale energy storage technologies market with the help of various segments. It gives the market size and forecast estimates year with respect to five major regions as North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. North America is expected to witness lucrative growth in the global veterinary anti-infectives market due to the implementation of technological benefits across the region.

Competitive Landscape

The leading market players are adopting significant initiatives to reinforce their market presence and maintain the competition level in the global market. Not only this but also the market players play a huge role in product development, collaboration, geographical expansion, partnership models as well as agreement strategies in untapped regions.

Market Segmentation:
By Technology:
• Energy Storage
o Compressed Air Energy Storage
o Superconducting Magnetic Energy Storage
o Electrochemical Energy Storage
 Nickel-Cadmium/ Nickel Metal Hydride battery
 Copper/Zinc battery
o Thermochemical Energy Storage
 Pumped Heat Energy Storage
 Liquid Air Energy Storage
 Concentrated Solar Power and Molten Salt Energy Storage
o Pumped Hydro Energy Storage
o Flywheel Energy Storage• Battery Type
o Li-ion
o Advanced Lead Acid
o Flow Battery
o NaS Battery
• Others
o Power to Gas Energy Storage
o SupercapacitorsBy End-User:
• Utility
• Residential
• Commercial and Industrial
• Remote Power Systems

By Region:

North America Grid-Scale Electricity Storage Technologies Market
• North America, by Country
•
o The U.S.
o Canada
o Mexico
• North America by Technology
• North America by End-User

Europe Grid-Scale Electricity Storage Technologies Market
• Europe, by Country
•
o Germany
o The U.K.
o France
o Italy
o Spain
o Russia
o The Rest of Europe
• Europe by Technology
• Europe by End-User

Asia-Pacific Grid-Scale Electricity Storage Technologies Market
• Asia-Pacific, by Country
•
o China
o India
o Japan
o South Korea
o Australia
o The Rest of Asia-Pacific
• Asia-Pacific by Technology
• Asia-Pacific by End-User
Middle East and Africa Grid-Scale Electricity Storage Technologies Market
• Middle East and Africa, by Country
•
o The UAE
o Saudi Arabia
o Qatar
o South Africa
o The Rest of Middle East and Africa
• Middle East and Africa by Technology
• Middle East and Africa by End-User
South America Grid-Scale Electricity Storage Technologies Market

• South America, by Country
•
o Brazil
o Argentina
o The Rest of South America
• South America by Technology
• South America by End-User

Objectives of this Report:
• Market size estimation of the grid-scale electricity storage technologies market on a regional and global basis
• Unique research usage for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.