Global Utility Battery Market 2020-2024

Global Utility Battery Market 2020-2024

Technavio has been monitoring the utility battery market and it is poised to grow by 784.47 MW during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on utility 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, the latest trends and drivers, and the overall market environment. The market is driven by the growing ESS demand from utilities, increasing focus on renewable energy generation, and growing urbanization and electricity demand.

The utility battery market analysis includes technology segment and geographic landscape.

Technavio's utility battery market is segmented as below:

By Technology

  • Lithium-based batteries
  • Sodium-based batteries
  • Others
By Geographic Landscapes
  • APAC
  • North America
  • Europe
  • MEA
  • South America
This study identifies the increased adoption of microgrids as one of the prime reasons driving the utility battery market growth during the next few years. Also, technological advances in battery ESS technologies and decreasing cost of battery storage systems will lead to sizable demand in the market.

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. Our utility battery market covers the following areas:
  • Utility battery market sizing
  • Utility battery market forecast
  • Utility battery market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading utility battery market vendors that include BYD Co. Ltd., Hitachi Chemical Co. Ltd., Kokam Co. Ltd., LG Chem Ltd., NGK Insulators Ltd., Samsung SDI Co. Ltd., Sumitomo Electric Industries Ltd., Tesla Inc., Toshiba Corp., and Total SA. Also, the utility battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

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.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Battery market
      • Inputs
      • Operations
      • Distribution and logistics
      • Marketing and sales
      • Aftermarket and service
      • Industry innovations:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019-2024
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2019-2024 (MW)
        • Table Global utility battery market 2019-2024 (MW), exclusive of COVID-19 impact
        • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 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
  • Market Segmentation by Technology
    • Market segments
      • Table Technology - Market share 2019-2024 (%)
    • Comparison by Technology
      • Table Comparison by Technology
    • Lithium-based batteries - Market size and forecast 2019-2024
      • Table Lithium-based batteries - Market size and forecast 2019-2024 (MW)
      • Table Lithium-based batteries segment of global utility battery market 2019-2024 (MW), exclusive of COVID-19 impact
      • Table Lithium-based batteries - Year-over-year growth 2019-2024 (%)
    • Sodium-based batteries - Market size and forecast 2019-2024
      • Table Sodium-based batteries - Market size and forecast 2019-2024 (MW)
      • Table Sodium-based batteries segment of global utility battery market 2019-2024 (MW), exclusive of COVID-19 impact
      • Table Sodium-based batteries - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 (MW)
      • Table Others segment of global utility battery market 2019-2024 (MW), exclusive of COVID-19 impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology
  • 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 (MW)
      • Table Utility battery market in APAC 2019-2024 (MW), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 (MW)
      • Table Utility battery market in North America 2019-2024 (MW), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (MW)
      • Table Utility battery market in Europe 2019-2024 (MW), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (MW)
      • Table Utility battery market in MEA 2019-2024 (MW), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 (MW)
      • Table Utility battery market in South America 2019-2024 (MW), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (MW)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing ESS demand from utilities
      • Increasing focus on renewable energy generation
      • Growing urbanization and electricity demand
    • Market challenges
      • Widening demand-supply for lithium
      • Stringent regulation against lead pollution
      • Regulatory barriers faced by utility battery manufacturers
        • Table Impact of drivers and challenges
    • Market trends
      • Increased adoption of microgrids
      • Decreasing cost of battery storage systems
      • Technological advances in battery ESS technologies
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BYD Co. Ltd.
      • Table BYD Co. Ltd. - Overview
      • Table BYD Co. Ltd. - Business segments
      • Table BYD Co. Ltd. - Key news
      • Table BYD Co. Ltd. - Key offerings
      • Table BYD Co. Ltd. - Segment focus
    • Hitachi Chemical Co. Ltd.
      • Table Hitachi Chemical Co. Ltd. - Overview
      • Table Hitachi Chemical Co. Ltd. - Business segments
      • Table Hitachi Chemical Co. Ltd. - Key news
      • Table Hitachi Chemical Co. Ltd. - Key offerings
      • Table Hitachi Chemical Co. Ltd. - Segment focus
    • Kokam Co. Ltd.
      • Table Kokam Co. Ltd. - Overview
      • Table Kokam Co. Ltd. - Product and service
      • Table Kokam Co. Ltd. - Key offerings
    • LG Chem Ltd.
      • Table LG Chem Ltd. - Overview
      • Table LG Chem Ltd. - Business segments
      • Table LG Chem Ltd. - Key offerings
      • Table LG Chem Ltd. - Segment focus
    • NGK Insulators Ltd.
      • Table NGK Insulators Ltd. - Overview
      • Table NGK Insulators Ltd. - Business segments
      • Table NGK Insulators Ltd. - Key offerings
      • Table NGK Insulators Ltd. - Segment focus
    • Samsung SDI Co. Ltd.
      • Table Samsung SDI Co. Ltd. - Overview
      • Table Samsung SDI Co. Ltd. - Business segments
      • Table Samsung SDI Co. Ltd. - Key offerings
      • Table Samsung SDI Co. Ltd. - Segment focus
    • Sumitomo Electric Industries Ltd.
      • Table Sumitomo Electric Industries Ltd. - Overview
      • Table Sumitomo Electric Industries Ltd. - Business segments
      • Table Sumitomo Electric Industries Ltd. - Key news
      • Table Sumitomo Electric Industries Ltd. - Key offerings
      • Table Sumitomo Electric Industries Ltd. - Segment focus
    • Tesla Inc.
      • Table Tesla Inc. - Overview
      • Table Tesla Inc. - Business segments
      • Table Tesla Inc. - Key news
      • Table Tesla Inc. - Key offerings
      • Table Tesla Inc. - Segment focus
    • Toshiba Corp.
      • Table Toshiba Corp. - Overview
      • Table Toshiba Corp. - Business segments
      • Table Toshiba Corp. - Key news
      • Table Toshiba Corp. - Key offerings
      • Table Toshiba Corp. - Segment focus
    • Total SA
      • Table Total SA - Overview
      • Table Total SA - Business segments
      • Table Total SA - Key news
      • Table Total SA - Key offerings
      • Table Total SA - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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