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Utility Battery Market Statistics, Cagr, Outlook, And Covid-19 Impact 2021 – 2027 - Samsung SDI, LG Chem, Johnson Controls, WanXiang Group

12-07-2021 05:13 AM CET | Energy & Environment

Press release from: Market Insights Reports

The Utility Battery Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Utility Battery Market Size is Projected to Reach at a CAGR of 34% during 2021-2027.

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https://www.marketintelligencedata.com/reports/601629/global-utility-battery-sales-market-report-2021/inquiry?Mode=rukaiyya

Top Leading Companies:

Samsung SDI, LG Chem, Johnson Controls, WanXiang Group, BYD, GS Yuasa, Saft, EnerDel, Boston Power, SolarEdge (Kokam), NGK

Recent Development:

LG Chem has acquired 1 company. It has also divested 2 assets. Its largest disclosed sale occurred in 2020 when it sold LG Chem - LCD Polarizer Business to Ningbo Shanshan for $1.1B. LG Chem has acquired in 1 US state. The Company’s most targeted sectors include machinery (100%). LG Chem, Ltd. engaged in the manufacture of petrochemicals. polyvinyl chloride (PVC) resins, low-density polyethene (LDPE), polystyrene (PS), acrylonitrile butadiene styrene (ABS), bisphenol. LG Chem was founded in 1947 and is based in Seoul, South Korea.
Johnson Controls has acquired 25 companies, including 5 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 15 assets. Johnson Controls’ largest acquisition to date was in 2005 when it acquired York International for $3.2B. Its largest disclosed sale occurred in 2018 when it sold Johnson Controls - Power Solutions Business to Brookfield Private Equity for $13.2B. Johnson Controls has acquired in 9 different US states, and 8 countries. The Company’s most targeted sectors include automotive (18%) and engineering (18%). Johnson Controls is a diversified technology and industrial company. The Company creates products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls International was founded in 1885 and is based in Cork, Ireland.

Utility Battery Market Segmentation by Type:

Lithium-Based Batteries
Sodium-Based Batteries
Others

Utility Battery Market Segmentation by Application:

Power Industry
Telecommunication
Public Transportation
Others

Explore Full Report with Detailed TOC Here:

https://www.marketintelligencedata.com/reports/601629/global-utility-battery-sales-market-report-2021?Mode=rukaiyya

We will get in touch with you within 24hrs and help you find the research reports and Additional Customization you need.

Asia-Pacific to Dominate the Market

Asia-Pacific accounted for the major share of the industrial battery in 2018, and it is expected to continue its dominance over the forecast period. The market for industrial batteries in Asia-Pacific is majorly driven by China, India, Japan, and South Korea.
In 2018, China’s total energy storage project capacity reached 1018.5 MW, 216% increases compared to the capacity in 2017. The newly added grid-side energy storage capacity in China reached 206.8 MW, accounting for around 36% of the new installed capacity in 2018 in the country. The grid-side energy storage sector was the biggest consumer of energy storage installation in 2018, by capacity.
Factors, such as significant growth in renewable power generation capacity, energy storage targets released by electric utilities in 2018, coupled with the declining battery costs, have driven the large-scale energy storage capacity additions in the country.
Hence, the growth witnessed in the energy storage deployment in 2018 is expected to continue in the coming years, which, in turn, is expected to be one of the biggest drivers for the industrial battery market in the country, during the forecast period.

Regional Utility Battery Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

Buy Full Report Here:

https://www.marketintelligencedata.com/report/purchase/601629?mode=su?Mode=rukaiyya

Highlights of the Utility Battery Market Report:

Detailed overview of Utility Battery Market
Changing the Utility Battery market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Utility Battery market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Utility Battery Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Utility Battery Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Utility Battery industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

We Offer Customization on Report Based on Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

ABOUT US:

Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

Contact Us:

Irfan Tamboli (Head of Sales) – Market Intelligence information

Phone: + 1704 266 3234 | 750-707-8687

Email: sales@marketintelligencedata.com

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