Substation Battery Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global substation battery market is anticipated to grow at a CAGR during the forecast period. The increasing incidence of power failure in substations is driving the demand for substation batteries which in turn offers robust opportunities for the market over the forecast period. Due to this factor, the key players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in 2018, Italy's transmission system operator, Terna, deployed a pilot battery storage project of 35 MW on a part of its 150 kilovolts (kV) grid in Southern Italy for grid congestion management. Utility-scale batteries are also used for grid upgrade deferral in California, New York, and Texas. And In 2017, the US utility San Diego Gas & Electric developed a 30 MW / 120 MWh Li-ion battery storage project near one of its substations in Escondido to store excess renewable energy production in the state and also serve as a capacity reserve.

To Request a Sample of our Report on Substation Battery Market: https://www.omrglobal.com/request-sample/substation-battery-market

Market Coverage

· The market number available for - 2022-2030

· Base year- 2022

· Forecast period- 2023-2030

Segment Covered-

· By Composition

· By Manufacturing Process

· By End-User Industry

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- Exide Technologies, GS Yuasa International Ltd., Saft, Robert Bosch GmbH, Johnson Controls

Substation Battery Market Segmentation

By Battery Type

· Nickel Cadmium Battery

· Lead Acid Battery

· Sealed Lead Acid Battery

· Vented Lead Acid Battery

· Others

By Application

· Residential and Commercial

· Industrial

· Utilities

· Others

A full Report of Substation Battery Market is Available @ https://www.omrglobal.com/industry-reports/substation-battery-market

Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

· Storage Battery Systems, LLC

· Tesla

· HBL Power Systems Ltd.

· Amara Raja Group.

· EnerSys

· Luminous Power Technologies. Ltd.

· Trojan Battery Company

· SolarEdge Technologies

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/substation-battery-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.