Grid-Scale Battery || Global Industry Trends, Size, Growth, Opportunity and Forecast 2023

SDKI Inc. is a grid-scale battery market survey aimed at providing a detailed analysis of several aspects of the market, including market growth drivers, opportunities, recent trends and challenges between 2018-2023. The report was published on April 19, 2021.

Report sample URL
https://www.sdki.jp/sample-request-109886

The grid-scale battery market is estimated to grow from US $ 1.37 billion in 2018 to US $ 5.82 billion by 2023, with a CAGR of 33.52% between 2018-2023. Key factors driving market growth include increased investment in renewable energy and cost savings for grid-scale batteries through technological advances and expansion.

Market segment

The grid scale battery market is by type (lithium ion, lead acid battery, flow battery, sodium based), ownership model (third party, utility), application (renewable energy integration, peak shift, auxiliary services, backup). Power), and divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

The renewable integrated segment is expected to hold the largest share of the grid-scale battery market during the forecast period.

Based on the application, the market is divided into renewable energy integration, peak shifts, auxiliary services, backup power supplies, and others (including microgrid, ramping, black start, and postponement of transmission / distribution upgrades). Factors such as achieving renewable energy goals, energy efficiency, and improving reliability, security, and resilience of microgrid applications are expected to drive the growth of the renewable energy integration segment during the forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109886

Area overview

The Asia Pacific region is expected to be the fastest growing region of the grid scale battery market during the forecast period. This region is the most populous region in the world, resulting in increased demand for electricity. Increased investment in transmission and distribution is one of the key drivers of market growth in the Asia Pacific region.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific); Latin America (Brazil, Mexico, Argentina, and other Latin). USA); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy, Spain) , Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

About the detailed contents of the survey report
https://www.sdki.jp/reports/grid-scale-battery-market/109886

Key Players in the Market The key players

in the grid scale battery market are LG Chem (Korea), Samsung (Korea), Panasonic (Japan), Fluence (US), Tesla (US), BYD Company (China), ABB (Switzerland), GE (US), GS Yuasa (Japan), Toshiba (Japan), Saft (France), S & C Electric (US), NGK Insulators (Japan), etc. The survey includes a detailed competitive analysis of these major companies in the grid-scale battery market, corporate profiles, recent developments, and key market strategies.

Contact Us:

Hina Miyazu
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+ 81345720790
sales@sdki.jp

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.