MARKET INTRODUCTION
The grid-scale battery enables the storage of energy on a large scale within an electric power grid for later use. The robust investments in renewable energy and technological advancements in the grid-scale battery are contributing to the growth of the grid-scale battery. Moreover, expanded deployments and government subsidies in different countries are further fueling the market demand. The North American market is likely to proliferate during the forecast period owing to the high demand from residential and utility sectors.
MARKET DYNAMICS
The grid-scale battery market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of renewable energy and government subsidies for improving energy efficiency. However, hazardous environmental impacts are likely to impede the growth of the grid-scale battery market in the forecast period. Nevertheless, the development of newer technologies and enhanced focus on rural electrification would open lucrative opportunities for the players involved in the grid-scale battery market.
MARKET SCOPE
The "Global Grid-Scale Battery Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of grid-scale battery market with detailed market segmentation by type, application, and geography. The global grid-scale battery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading grid-scale battery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global grid-scale battery market is segmented on the basis of type and application. Based on type, the market is segmented as lead acid, lithium-ion, flow battery, and others. On the basis of the application, the market is segmented as renewable integration, ancillary services, peak shifting, backup power, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global grid-scale battery market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The grid-scale battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting grid-scale battery market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the grid-scale battery market in these regions.
MARKET PLAYERS
The reports cover key developments in the grid-scale battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from grid-scale battery market are anticipated to lucrative growth opportunities in the future with the rising demand for grid-scale battery in the global market. Below mentioned is the list of few companies engaged in the grid-scale battery market.
The report also includes the profiles of key grid-scale battery companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Fluence Energy, LLC
- General Electric Company
- GS Yuasa Lithium Power Inc.
- LG Chem Ltd
- NGK INSULATORS, LTD.
- S&C Electric Company
- Saft Groupe SA
- Samsung SDI Co Ltd
- Tesla, Inc.
- Toshiba Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.