Navigating the Future: Grid-scale Battery Storage Market Trends and Forecast Insights, 2025 Edition

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Grid-scale Battery Storage Market Size Growth Forecast: What to Expect by 2025?
There has been remarkable expansion in the grid-scale battery storage market in the past few years. The market, which was valued at $7.51 billion in 2024, is expected to increase to $9.8 billion in 2025, marking a compound annual growth rate (CAGR) of 30.5%. The rise experienced in the past can be credited to factors such as increased energy use, retirement of fossil fuel plants, heightened emphasis on energy self-sufficiency and robustness, corporate sustainability objectives, and regulatory backing for ancillary services.

How Will the Grid-scale Battery Storage Market Size Evolve and Grow by 2029?
In the upcoming years, remarkable expansion is anticipated in the grid-scale battery storage market, reaching a value of $28.73 billion in 2029 with a CAGR of 30.9%. This projected growth within the forecast period is due to factors like the progress in hydrogen energy storage, improvements in alternative battery technologies, the inclusion of electric vehicles, policies aiming to reduce carbon emissions, and a surge in the use of renewable energy. Observations for the forecast period point towards a focus on sustainability and recycling, emerging interest in virtual power plants, expanded application of artificial intelligence, combinations of renewable energy systems, and the increase of long-duration energy storage.

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What Drivers Are Propelling the Growth of Grid-scale Battery Storage Market Forward?
The surge in the demand for renewable energy is predicted to fuel the expansion of the grid-scale battery storage market in the future. The term renewable energy pertains to energy harnessed from continually renewable resources like sunlight, wind, and geothermal heat. The mounting demand for renewable energy is propelled by the imperative to combat climate change, diminish environmental degradation, and boost energy security and sustainability. The application of grid-scale battery storage in renewable energy entails storing surplus energy produced from sources such as solar or wind to ensure an uninterrupted power supply during times of minimal production or heightened demand. For example, a report from the European Environment Agency, a Denmark-based government institution, showed that in 2022, renewable energy made up 23% of the energy consumption in the EU, a rise from 21.9% in 2021. Thus, the burgeoning demand for renewable energy is steering the expansion of the grid-scale battery storage market.

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Which Emerging Trends Are Transforming the Grid-scale Battery Storage Market in 2025?
Major industry players in the grid-scale battery storage market are emphasizing on novel solutions like energy storage systems to increase both energy density and efficiency, while eliminating degradation for power and capacity. Such systems are advanced technologies designed to absorb and preserve energy for subsequent use, harmonizing supply and demand to boost both reliability and productivity. For instance, in April 2024, Contemporary Technology Co. (CATL), a battery manufacturer based in China, introduced the TENER energy storage product. Its configuration is optimized for large scale usage, boasting superior energy density and a prolonged cycle life. By implementing cutting-edge lithium-ion technology, TENER enhances safety standards and improves efficiency. Also, the modular design of TENER allows flexible scalability to meet different grid requirements. Additionally, it exhibits robust performance under extremely different temperature conditions, assuring consistent functionality in a myriad range of environmental scenarios.

What Are the Key Segments in 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

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Who Are the Key Players Shaping the Grid-scale Battery Storage Market's Competitive Landscape?
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 Technology Co. Limited, Eos Energy Enterprises, LG Energy Solution, Narada Power Source Co. Ltd., ESS Inc.

What Geographic Markets Are Powering Growth in the Grid-scale Battery Storage Market?
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.

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