Global Grid-Scale Battery Market 2020-2024
Technavio has been monitoring the global grid-scale battery market and it is poised to grow by USD 2.86 bn during 2020-2024, progressing at a CAGR of 22% during the forecast period. Our reports on global grid-scale battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing ess demand from utilities. In addition, increasing installation of microgrids is anticipated to boost the growth of the global grid-scale battery market as well.
Technavio’s global grid-scale battery market is segmented as below:
Key Trends for global grid-scale battery market growth
This study identifies increasing installation of microgrids as the prime reasons driving the global grid-scale battery market growth during the next few years.
Prominent vendors in global grid-scale battery market
We provide a detailed analysis of around 25 vendors operating in the global grid-scale battery market, including some of the vendors such as ABB Ltd., BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., General Electric Co., Kokam Co. Ltd., LG Chem Ltd., NGK Insulators Ltd., Samsung SDI Co. Ltd., Sumitomo Electric Industries Ltd. and Tesla Inc. .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
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