Press release
Grid-Scale Battery Market: Company Profiles Segment Size Recent Trends Industry Growth Outlook Forecast Through 2024-2031 | ABB Ltd., LG Chem, Ltd., Samsung Sdi Co., Ltd., Panasonic Corporation.
Grid-Scale Battery Market || 2024-2031
Will the Grid-Scale Battery Market become the sector's next big opportunity? To find out, delve into the analysis and projections for Grid-Scale Battery Market. This market research study offers in-depth insights into the opportunities, challenges, and trends currently shaping the machinery landscape, enabling industry participants to make informed decisions in a dynamic environment. Take advantage of the opportunity in the Grid-Scale Battery Market! (2031)
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The Global Grid-Scale Battery Market size was worth US$ 6.84 billion in 2023 and is estimated to reach US$ 38.46 billion by 2031, growing at a CAGR of 25.74% during the forecast period (2024-2031).
Key Growth Drivers in Grid-Scale Battery Market:
The Grid-Scale Battery market centers on large-scale energy storage solutions that help balance supply and demand in power grids. These batteries play a vital role in integrating renewable energy sources, improving grid reliability, and facilitating energy management, supporting the transition towards more sustainable and efficient energy systems.
DataM Intelligence profiles some of the most reputed organizations present in the Grid-Scale Battery market. They are as follows:
ABB Ltd., LG Chem, Ltd., Samsung Sdi Co., Ltd., Panasonic Corporation, Fluence Energy, LLC, BYD Company Limited, General Electric (GE), Saft Groupe S.A., S&C Electric Company and NGK Insulators.
Segment Covered in the Grid-Scale Battery Market:
By Battery: Lithium-ion, Lead-acid, Flow Battery, Sodium-Based Battery, Others.
By Ownership: Third-party Owned, Utility Owned.
By Application: Peak Shifting, Renewable Integration, Ancillary Services, Backup Power, Others.
Regional Analysis:
The global Grid-Scale Battery Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
Key Developments
Launch of LG Energy Solution enblock:
In June 2023, LG Energy Solution introduced its new residential storage system brand, LG Energy Solution enblock, along with a range of residential and grid-scale energy storage products at Europe's largest exhibition for batteries and energy storage systems.
Installation of NAS Battery System by NGK Insulators:
In September 2022, NGK Insulators installed an 11.4 MW/69.6 MWh sodium-sulfur (NAS) battery energy storage system at a former LNG port in Japan. This system, ordered by Toho Gas for the Tsu LNG Station, is scheduled for completion in FY2025.
Research Collaboration between Redflow and the University of Queensland:
In September 2022, Redflow partnered with the University of Queensland on the ARC Research Hub for Safe and Reliable Energy Storage, focusing on a project titled ""Extending Flow Battery Operation"" to improve electrolyte chemistry and electrode materials in Zinc Bromine Modules (ZBM)."
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Regional Analysis:
The global Grid-Scale Battery Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Grid-Scale Battery Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Points Covered:
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Grid-Scale Battery market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Grid-Scale Battery Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global Grid-Scale Battery market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Grid-Scale Battery Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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FAQ's
Q.1. What are the primary drivers of the Grid-Scale Battery Industry?
Q.2. What are the main factors propelling and impeding the growth of the Grid-Scale Battery market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Grid-Scale Battery market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
Q.6. Which companies dominate the market, and what percentage of the market do they control?
Q.7. What trends are influencing the Grid-Scale Battery market now and in the future?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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