Grid-Scale BatteryMarket 2021 Global Industry Share, Demand, Top Players, Industry Size, Future Growth By 2027 |LG Chem, Samsung Sdi, Panasonic, Fluence Energy

Global Grid-Scale Battery Sales Market Report 2021

The Grid-Scale Battery Market Report 2021-2027 provides global market size, regional and national level market size, market segment growth, market share, competitive landscape, sales analysis, influence of domestic and global market participants, and value chain Detailed analysis of optimization, trade regulations, latest developments, opportunity analysis, strategic market growth analysis, product launches, regional market expansion and technological innovation.

Grid-Scale Battery Market refers to the protection of the economy’s assets, systems and networks, including communications, emergency services, energy, finance, food, government and public services, from threats and damage, which is essential for the operation of the country.

In accordance with the Grid-Scale Battery Market is set to grow at a CAGR of 34.12 % over the forecast period (2021-2027).

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MARKET OVERVIEW

The technological advancement, which has led to a sharp increase in the energy density of the lithium-ion battery market even while decreasing the overall cost of lithium-ion batteries, has enabled the increase in the grid-scale battery deployment. Owing to the aforementioned factors, the lithium-ion battery segment is expected to witness the fastest growth rate during the forecast period.
The increasing focus on rural electrification using the grid-scale battery deployment is expected to create a significant amount of opportunity for the growth of the market during the forecast period.
Asia-Pacific is the fastest-growing market owing to the rapid rate of industrialization and urbanization, which has led to an increase in demand for electricity.

Leading companies in the global Grid-Scale Battery market.

LG Chem, Samsung Sdi, Panasonic, Fluence Energy, Tesla, BYD, ABB, GE, GS Yuasa, Toshiba, Saft Groupe, S&C Electric, NGK Insulators

INDUSTRY NEWS

Panasonic has acquired 19 companies, including 10 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 7 assets.

Panasonic’s largest acquisition to date was in 2021, when it acquired Blue Yonder for $8.5B. It’s largest disclosed sale occurred in 2013, when it sold PHC Holdings to KKR for $1.7B. Panasonic has acquired in 9 different US states, and 8 countries. The Company’s most targeted sectors include software (28%) and electronics (17%).

The report based on the type of Grid-Scale Battery  market is broken down:

Lithium-Ion

Lead Acid

Flow

Sodium Based

Others

On the basis of segmentation by application, the key Grid-Scale Battery  market can be subdivided into:

Renewable Integration

Peak Shift

Ancillary Services

Back-up Power

Others

Global Grid-Scale Battery Market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y Growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis

Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

REGIONAL ANALYSIS

Asia-Pacific Region to Dominate the Market
Asia-Pacific is expected to continue its dominance in the grid-scale market over the forecast period. The region consists of countries with tremendously increasing electricity demand due to urbanization and population growth. 
The expanding grid in developing countries to meet the electricity demand is likely to include large amounts of renewable energy, which is becoming increasingly cost-effective throughout the world. The deployment of renewable is likely to bestow the opportunity for the increase in demand for grid-scale batteries during the forecast period.
Furthermore, developing countries like India are aiming to create 275 GW of total wind and solar capacity by 2027. Renewable energy’s share of installed capacity is forecast to rise to 43% by 2027. With the growing renewable sector, the demand for grid-scale batteries, to address the challenges related to intermittency in renewable power generation, is expected to grow. 

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Highlights of the Grid-Scale Battery Market

Quantitative market information and forecasts of the global Grid-Scale Battery  Market industry by type, end use, and geographic region.

Expert analysis of key technology, demographic, economic and regulatory factors that will promote the development of Grid-Scale Battery Market until 2027.
Market opportunities and new investment proposals.
Growth prospects among emerging countries by 2027.

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The report provides a summary of the important functions and key Grid-Scale Battery market:

Detailed Grid-Scale Battery market overview
The report provides a precise analysis of changing competitive dynamics.
In-depth market segmentation by type, application, etc.
Historical, current and projected market size in terms of volume and value.
Recent industry trends and developments.
The competitive landscape of the cyber security market for key Grid-Scale Battery .
Key players and product strategy.
Potential and segmented markets/regions are showing considerable growth.

Finally, the key Grid-Scale Battery market report is a reliable source of market research that will accelerate your business exponentially. The report also proposes a new task SWOT review, speculative accessibility investigation and risk-reward investigation.

We also provide customized reports based on specific customer requirements:

1- Country/region analysis of any 5 countries/regions you choose.

2- Competitive analysis of any 5 major market participants.

3 to 40 analyst hours, covering all other data points

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