Press release
Global Grid-scale Battery Storage Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Grid-scale Battery Storage Market
How Big Is the Grid-scale Battery Storage Market Size Expected to Be by 2034?
The grid-scale battery storage market size has grown rapidly in recent years. It is expected to grow from $7.51 billion in 2024 to $9.87 billion in 2025 at a compound annual growth rate (CAGR) of 31.3%. This growth is driven by growing energy consumption, fossil fuel plant retirements, increased focus on energy independence and resilience, corporate sustainability goals, and regulatory support for ancillary services.
The grid-scale battery storage market is projected to grow to $29.1 billion by 2029, at a CAGR of 31.0%. Growth is driven by hydrogen energy storage development, battery technology advances, and increased renewable energy penetration. Trends include sustainability, virtual power plants, AI integration, and hybrid renewable energy systems.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19080
What Are the Emerging Segments Within the Grid-scale Battery Storage Market?
The grid-scale battery storagemarket covered in this report is segmented -
1) By Type: Lithium-Ion Batteries, Sodium-Based Batteries, Flow Batteries, Advanced Lead Acid Batteries, Solid State Batteries, Nickel-based Batteries, Fuel Cells, Other Types
2) By Capacity: Small, Medium, Large
3) By Ownership Model: Public, Private
4) By Application: Industrial, Residential, Commercial, Utility, Renewable Integration, Microgrids, Electric Vehicles
Subsegments:
1) By Lithium-Ion Batteries: Lithium Iron Phosphate (LFP), Nickel Manganese Cobalt (NMC), Lithium Nickel Cobalt Aluminum Oxide (NCA)
2) By Sodium-Based Batteries: Sodium-Sulfur, Sodium-Ion Batteries, Sodium-Nickel Chloride Batteries
3) By Flow Batteries: Vanadium Redox Flow Batteries, Zinc-Bromine Flow Batteries, All-Vanadium Flow Batteries
4) By Advanced Lead Acid Batteries: Absorbent Glass Mat (AGM) Batteries, Gel Lead Acid Batteries
5) By Solid State Batteries: Polymer Electrolyte Batteries, Ceramic Electrolyte Batteries
6) By Nickel-Based Batteries: Nickel-Cadmium (NiCd) Batteries, Nickel-Metal Hydride (NiMH) Batteries
7) By Fuel Cells: Proton Exchange Membrane Fuel Cells (PEMFC), Solid Oxide Fuel Cells (SOFC), Alkaline Fuel Cells (AFC)
8) By Other Types: Lithium Titanate Batteries, Supercapacitors, Organic Flow Batteries
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19080&type=smp
What Long-Term Drivers Are Shaping Grid-scale Battery Storage Market Trends?
The increasing demand for renewable energy is expected to drive the grid-scale battery storage market. Renewable sources are vital for sustainability and reducing environmental impact. Battery storage ensures steady power supply from renewables. According to the European Environment Agency in March 2024, renewables made up 23% of EU energy use in 2022, up from 21.9% in 2021. Therefore, demand for renewables is advancing the grid-scale battery storage market.
Who Are the Top Competitors in Key Grid-scale Battery Storage Market Segments?
Major companies operating in the grid-scale battery storage market are E.ON SE, The General Electric Company, BYD Company Ltd., Mitsubishi Electric, ABB Ltd., Johnson Controls International PLC, Pacific Gas and Electric, NextEra Energy, Samsung SDI Co. Ltd., Xcel Energy Inc., Sungrow Power Supply Co. Ltd., EnerSys, AES Corporation, Fluence Energy Inc., RES Group, Northvolt AB, EDP Renewables, Saft Groupe S.A., Stem Inc., NEC Energy Solutions, Contemporary ere*x Technology Co. Limited, Eos Energy Enterprises, LG Energy Solution, Narada Power Source Co. Ltd., ESS Inc.
What Grid-scale Battery Storage Market Trends Are Gaining Traction Across Different Segments?
Companies in the grid-scale battery storage market are developing energy storage systems to increase energy density and efficiency. These systems store energy for later use, balancing supply and demand. In April 2024, Contemporary ere*x Technology Co. (CATL) launched the TENER energy storage product, which offers high energy density, long cycle life, and modular design, suitable for large-scale applications.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/grid-scale-battery-storage-global-market-report
Which Regions Are Becoming Hubs for Grid-scale Battery Storage Market Innovation?
North America was the largest region in the grid-scale battery storage market in 2024. The regions covered in the grid-scale battery storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Grid-scale Battery Storage Market?
2. What is the CAGR expected in the Grid-scale Battery Storage Market?
3. What Are the Key Innovations Transforming the Grid-scale Battery Storage Industry?
4. Which Region Is Leading the Grid-scale Battery Storage Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Grid-scale Battery Storage Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities here
News-ID: 4048621 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Batteries
Lithium Coin Batteries Market | Duracell, Energizer, FDK, GP Batteries
The global lithium coin batteries market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the lithium coin batteries market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
As electrode materials for India Lithium-Ion Battery Market, nanomaterials have several unique physicochemical properties, such as large surface area, short transport length, high reversible capacity, and long cycle life. Energy storage in lithium-ion batteries is based on inserting lithium into either a type of graphite (cathode) or an oxide (anode). Charging and discharging consist of the transport of lithium ions between two storage media.
Developing next-generation lithium-ion batteries with dramatically…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
India Lithium-Ion Battery Market are a group of rechargeable battery types in which lithium ions move to the anode at the negative electrode during discharge and re-move during charging. Chemical, performance, cost, and safety characteristics depend on the type of lithium-ion battery.
India Lithium-Ion Battery Market is common in home appliances. They are the most popular rechargeable batteries for portable electronics, either with the highest energy-to-weight ratio, high open…
India Lithium ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022.
Beyond consumer electronics, lithium-ion…
Motorcycle Batteries Market Growing Up By Type: Lithium-ion Batteries, Lead-acid …
Acumen Research and Consulting has announced the addition of the "Motorcycle Batteries Market” report to their offering.
The Motorcycle Batteries Market Report 2018 is an in depth study analyzing the current state of the Motorcycle Batteries Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Motorcycle Batteries Market provides analysis of China market covering the industry trends, recent…
AGM batteries compared with lithium-ion batteries, increasing demand for high po …
The global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current…
