Global Grid-scale Battery Market 2020-2024

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.

Market Segmentation
Technavio’s global grid-scale battery market is segmented as below:

Battery Type
Lithium-Based
Others
Geographic segmentation
APAC
EMEA
The Americas
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.

About Technavio
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.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global battery market
      • Table Segments of global battery market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Vendor - Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • Americas - Market size and forecast 2019-2024
      • Table Americas - Market size and forecast 2019-2024 ($ millions)
      • Table Americas - Year-over-year growth 2020-2024 (%)
    • EMEA - Market size and forecast 2019-2024
      • Table EMEA - Market size and forecast 2019-2024 ($ millions)
      • Table EMEA - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Market segmentation by battery type
    • Table Battery type - Market share 2019-2024 (%)
    • Comparison by battery type
      • Table Comparison by battery type
    • Lithium-based - Market size and forecast 2019-2024
      • Table Lithium-based - Market size and forecast 2019-2024 ($ millions)
      • Table Lithium-based - Year-over-year growth 2020-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ millions)
      • Table Others - Year-over-year growth 2020-2024 (%)
    • Market opportunity by battery type
      • Table Market opportunity by battery type
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Declining costs of battery storage systems
    • Declining cost of renewable power generation
    • Increasing installation of microgrids
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. - Vendor overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Organizational developments
      • Table ABB Ltd. - Geographic focus
      • Table ABB Ltd. - Segment focus
      • Table ABB Ltd. - Key offerings
    • BYD Co. Ltd.
      • Table BYD Co. Ltd. - Vendor overview
      • Table BYD Co. Ltd. - Business segments
      • Table BYD Co. Ltd. - Organizational developments
      • Table BYD Co. Ltd. - Geographic focus
      • Table BYD Co. Ltd. - Segment focus
      • Table BYD Co. Ltd. - Key offerings
    • Contemporary Amperex Technology Co. Ltd.
      • Table Contemporary Amperex Technology Co. Ltd. - Vendor overview
      • Table Contemporary Amperex Technology Co. Ltd. - Key offerings
    • General Electric Co.
      • Table General Electric Co. - Vendor overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Organizational developments
      • Table General Electric Co. - Geographic focus
      • Table General Electric Co. - Segment focus
      • Table General Electric Co. - Key offerings
    • Kokam Co. Ltd.
      • Table Kokam Co. Ltd. - Vendor overview
      • Table Kokam Co. Ltd. - Organizational developments
      • Table Kokam Co. Ltd. - Key offerings
    • LG Chem Ltd.
      • Table LG Chem Ltd. - Vendor overview
      • Table LG Chem Ltd. - Business segments
      • Table LG Chem Ltd. - Organizational developments
      • Table LG Chem Ltd. - Geographic focus
      • Table LG Chem Ltd. - Segment focus
      • Table LG Chem Ltd. - Key offerings
    • NGK Insulators Ltd.
      • Table NGK Insulators Ltd. - Vendor overview
      • Table NGK Insulators Ltd. - Business segments
      • Table NGK Insulators Ltd. - Organizational developments
      • Table NGK Insulators Ltd. - Geographic focus
      • Table NGK Insulators Ltd. - Segment focus
      • Table NGK Insulators Ltd. - Key offerings
    • Samsung SDI Co. Ltd.
      • Table Samsung SDI Co. Ltd. - Vendor overview
      • Table Samsung SDI Co. Ltd. - Business segments
      • Table Samsung SDI Co. Ltd. - Geographic focus
      • Table Samsung SDI Co. Ltd. - Segment focus
      • Table Samsung SDI Co. Ltd. - Key offerings
    • Sumitomo Electric Industries Ltd.
      • Table Sumitomo Electric Industries Ltd. - Vendor overview
      • Table Sumitomo Electric Industries Ltd. - Business segments
      • Table Sumitomo Electric Industries Ltd. - Organizational developments
      • Table Sumitomo Electric Industries Ltd. - Geographic focus
      • Table Sumitomo Electric Industries Ltd. - Segment focus
      • Table Sumitomo Electric Industries Ltd. - Key offerings
    • Tesla Inc.
      • Table Tesla Inc. - Vendor overview
      • Table Tesla Inc. - Business segments
      • Table Tesla Inc. - Organizational developments
      • Table Tesla Inc. - Geographic focus
      • Table Tesla Inc. - Segment focus
      • Table Tesla Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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