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Grid-Scale Battery Market Projected to hit US$ 38.46 billion by 2031: Major Investments in GCC and MENA | Fluence Energy, LLC, BYD Company Limited, General Electric (GE), Saft Groupe S.A., S&C Electric Company
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).Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/grid-scale-battery-market?kb
United States: Recent Industry Developments
✅ November 2025: Tesla Megapack deployments expanded across multiple U.S. states to support renewable grid balancing and peak-shaving.
✅ October 2025: Fluence Energy launched next-gen grid-scale battery systems with enhanced AI-based performance optimization.
✅ September 2025: Form Energy advanced its iron-air long-duration battery projects for multi-day energy storage applications.
Japan: Recent Industry Developments
✅ November 2025: Panasonic initiated grid-scale lithium-ion battery installation programs to stabilize renewable-heavy power networks.
✅ October 2025: NGK Insulators expanded production of sodium-sulfur (NAS) batteries for utility-scale storage deployments.
✅ September 2025: Mitsubishi Power partnered with utilities to accelerate grid-scale storage adoption in smart grid modernization plans.
GCC: Recent Industry Developments
✅ November 2025: Saudi Arabia accelerated mega-sized grid storage installations to support its renewable energy transition strategy.
✅ October 2025: UAE commissioned new grid-scale battery projects to enhance energy reliability and support solar capacity expansion.
✅ September 2025: Oman initiated feasibility studies for long-duration grid batteries to stabilize fluctuating renewable generation.
List of Top Key Player:
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.
Industry Developments:
Cost, policy, and procurement developments
1. After two years of price pressure, utility‐scale storage is again seeing battery pack cost declines and supply growth, supported by tax credits (e.g., standalone storage credits under the Inflation Reduction Act) and efforts to localize manufacturing in response to tariffs and trade actions.
2. Utilities and grid operators are issuing larger and more frequent storage tenders as storage becomes the preferred option for peaking capacity, congestion management, and renewable firming, underpinned by long‐term decarbonization targets and rising load from data centers and electrification.
Technology and long‐duration focus
1. Lithium‐ion remains dominant for 2-4 hour systems, with cost and performance projections refined by NREL and others for utility‐scale 4‐hour batteries, but there is intense focus on long‐duration energy storage (LDES) to cover 10-160 hour needs.
2. Governments and consortia have launched dedicated LDES programs and early procurements, while technologies such as liquid‐air energy storage, advanced thermal systems, compressed‐air, and gravity‐based solutions are being piloted as potentially lower‐cost options for multi‐day balancing.
Forecast Projection:
The Global Grid-Scale Battery Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.
Market Intelligence Research Process:
The Grid-Scale Battery Market research report by DataM Intelligence combines primary and secondary data to deliver deep, actionable insights. It examines the full spectrum of factors shaping the industry, from government regulations and market conditions to competitive dynamics, historical trends, technological breakthroughs, upcoming innovations, and potential challenges. This comprehensive analysis not only highlights growth prospects but also identifies barriers, equipping businesses to navigate market volatility and capitalize on emerging opportunities.
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Key Segmentation:
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)
Growth Regional Analysis:
⇥ North America (USA / North America): 40.5% market share in 2025.
Europe: around 30.5% market share in 2025.
Benefits of the Report:
Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Grid-Scale Battery Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.
Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.
Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.
Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.
Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.
Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.
Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.
Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.
Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.
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FAQ's
Q1: What is the current size of the Grid-Scale Battery Market and its future potential?
A: The Grid-Scale Battery Market was valued at US$ 6.84 billion in 2023 and is projected to surge to US$ 38.46 billion by 2031
Q2: How fast is the Grid-Scale Battery Market expected to grow in the coming years?
A: The market is projected to grow at a strong CAGR of 25.74% from 2025 to 2032.
Q3: Which regions are dominating the Grid-Scale Battery Market and which are fastest-growing?
A: North America maintains its position as the market leader.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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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.
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