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Grid-Scale Battery Market by Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), by Ownership-Model (Third-Party, Utility), by Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power), and Region - Global Forecast to 2023

Grid-Scale Battery Market by Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), by Ownership-Model (Third-Party, Utility), by Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power), and Region - Global Forecast to 2023

“The grid-scale battery market is expected to grow at a CAGR of 33.52% between 2017 and 2022.”
The grid-scale battery market is expected to grow from USD 1.37 billion in 2018 to USD 5.82 billion by 2023, at a CAGR of 33.52% between 2018 and 2023. Some of the major factors driving the growth of the market include the increasing investments in renewable energy and reducing costs of grid-scale batteries owing to technological advancements and expanded deployment.

“Renewable integration is expected to hold the largest share of the grid-scale battery market, by application, throughout the forecast period.”
The grid-scale battery market has been segmented on the basis of application into renewable integration, peak shifting, ancillary services, back-up power, and others (including microgrids, ramping, black start, and transmission/distribution upgrade deferral). Factors such as attainment of renewable targets and energy efficiency, and increased reliability, security and resiliency of microgrid applications are expected to drive the growth of the grid-scale battery market for renewable integration during the forecast period.

“Asia Pacific: Major market for grid-scale batteries”
Asia Pacific is expected to be the fastest-growing market for grid-scale batteries during the forecast period. It is the most populated region in the world, and consequently, is witnessing a high demand for electricity. Increasing investment in transmission and distribution of power is among the major factors driving the growth of the market in Asia Pacific.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1-55%, Tier 2-31%, Tier 3-14%
By Designation: C-Level Executives-28%, Directors-36%, Others-36%
By Region: North America-35%, Europe-28%, Asia Pacific-24%, RoW-13%

Note: The tiers of the companies have been defined on the basis of their total revenues; as of 2017: Tier 1 =>USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 <USD 1 billion
The leading players in the grid-scale battery market are LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), BYD Company (China), ABB (Switzerland), GE (US), GS Yuasa (Japan), Toshiba (Japan), Saft (France), S&C Electric (US), and NGK Insulators (Japan).

Research Coverage:
The report provides a picture of the grid-scale battery market for the power industry across various regions. It forecasts and studies the size and future growth potential of the market, by type, application, ownership-model, in various regions, respectively. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their profiles, recent developments, and key market strategies.

The grid-scale battery market, in this report, has been segmented on the basis of type, application, ownership-model, and region with a focus on industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise the basic views on competitive landscape, emerging and high-growth segments of the grid-scale battery market, high-growth regions, and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:

Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the grid-scale battery market

Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the market for grid-scale battery across regions

Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global grid-scale battery market

Why Buy this Report?
1. The report identifies and addresses key application areas for the implementation of grid-scale batteries in the power industry; this would help manufacturers review the growth in demand for these batteries.
2. The report helps solution providers understand the pulse of the market and provide insights into market dynamics, such as drivers, restraints, opportunities, and challenges.
3. The report will enable key players to better understand their competitors’ strategies and help them in decision-making.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • INTRODUCTION
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table GRID-SCALE BATTERY MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE GRID-SCALE BATTERY MARKET DURING THE FORECAST PERIOD
    • INDUSTRIAL CONTROL TRANSFORMER MARKET, BY COUNTRY
    • ASIA PACIFIC GRID-SCALE BATTERY MARKET, BY TYPE & COUNTRY
    • GRID-SCALE BATTERY MARKET, BY TYPE
    • GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL
    • GRID-SCALE BATTERY MARKET, BY APPLICATION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
    • DRIVERS
      • INCREASING RENEWABLE ENERGY INVESTMENTS
      • REDUCTION IN COST OWING TO TECHNOLOGICAL ADVANCEMENTS AND EXPANDED DEPLOYMENT
      • GOVERNMENT SUBSIDIES AND REGULATIONS FOR ENHANCING ENERGY EFFICIENCY
    • RESTRAINTS
      • HAZARDOUS ENVIRONMENTAL EFFECTS
      • HIGH CAPITAL INVESTMENTS
        • Table CAPITAL, OPERATIONAL, AND CHARGING COSTS FOR GRID-SCALE BATTERY MARKET
    • OPPORTUNITIES
      • INCREASING FOCUS ON RURAL ELECTRIFICATION
      • DEVELOPMENT OF MOLTEN-SALT BATTERY TECHNOLOGY
    • CHALLENGES
      • INSTALLATION OF GRID-SCALE BATTERY IN REMOTE LOCATIONS
  • GRID-SCALE BATTERY MARKET, BY BATTERY TYPE
    • INTRODUCTION
      • Table COMPARISON BETWEEN LITHIUM-ION AND LEAD-ACID BATTERIES
      • Table GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • LITHIUM-ION
      • Table LITHIUM-ION: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
    • LEAD ACID
      • Table LEAD ACID: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
    • FLOW BATTERY
      • Table FLOW BATTERY: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
    • SODIUM-BASED BATTERY
      • Table SODIUM-BASED BATTERY: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • NICKEL–CADMIUM BATTERY
      • NICKEL METAL HYDRIDE BATTERY
      • NICKEL–IRON BATTERY
        • Table OTHERS: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
  • GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL
    • INTRODUCTION
      • Table GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
    • THIRD-PARTY-OWNED
      • Table THIRD-PARTY-OWNED: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
    • UTILITY-OWNED
      • Table PROJECTS BASED ON GRID-SCALE BATTERY SYSTEMS
      • Table UTILITY-OWNED: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
  • GRID-SCALE BATTERY MARKET, BY APPLICATION
    • INTRODUCTION
      • Table GRID-SCALE BATTERY MARKET, BY APPLICATION, 2016–2023 (USD MILLION)
    • PEAK SHIFTING
      • Table PEAK SHIFTING: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
    • RENEWABLE INTEGRATION
      • Table RENEWABLE INTEGRATION: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
    • ANCILLARY SERVICES
      • Table ANCILLARY SERVICES: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
    • BACKUP POWER
      • Table BACK-UP POWER: GRID-SCALE BATTERY MARKET, BY REGION, 2016– 2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
  • GRID-SCALE BATTERY MARKET, BY REGION
    • INTRODUCTION
      • Table GRID-SCALE BATTERY MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table GRID-SCALE BATTERY MARKET SIZE, BY REGION, 2016–2023 (MW)
    • NORTH AMERICA
      • BY TYPE
        • Table NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
        • Table NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
      • BY OWNERSHIP MODEL
        • Table NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
        • Table NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
      • BY APPLICATION
        • Table NORTH AMERICA: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table NORTH AMERICA: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (MW)
        • Table EVENTS FOR GRID-SCALE BATTERY MARKET IN THE US
        • Table US: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
        • Table CANADA: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
    • ASIA PACIFIC
      • BY TYPE
        • Table ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
        • Table ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
      • BY OWNERSHIP MODEL
        • Table ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
        • Table ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
      • BY APPLICATION
        • Table ASIA PACIFIC: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table ASIA PACIFIC: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (MW)
        • Table CHINA: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table AUSTRALIA: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table INDIA: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table JAPAN: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table SOUTH KOREA: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • EUROPE
      • BY TYPE
        • Table EUROPE: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
        • Table EUROPE: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
      • BY OWNERSHIP MODEL
        • Table EUROPE: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
        • Table EUROPE: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
      • BY APPLIACTION
        • Table EUROPE: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table EUROPE: GRID-SCALE BATTERY MARKET, BY COUNTRY, 2016–2023 (MW)
        • Table GERMANY: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table GRID-SCALE BATTERY EVENTS IN THE UK
        • Table UK: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table FRANCE: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table ITALY: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table ROE: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • REST OF THE WORLD
      • Table UPCOMING EVENTS RELATED TO GRID-SCALE BATTERY MARKET SYSTEM IN THE ROW
      • BY TYPE
        • Table ROW: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (USD MILLION)
        • Table ROW: GRID-SCALE BATTERY MARKET, BY BATTERY TYPE, 2016–2023 (MW)
      • BY OWNERSHIP MODEL
        • Table ROW: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (USD MILLION)
        • Table ROW: GRID-SCALE BATTERY MARKET, BY OWNERSHIP MODEL, 2016–2023 (MW)
      • BY APPLIACTION
        • Table ROW: GRID-SCALE BATTERY MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY REGION
        • Table ROW: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (USD MILLION)
        • Table ROW: GRID-SCALE BATTERY MARKET, BY REGION, 2016–2023 (MW)
        • Table MIDDLE EAST: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table AFRICA: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
        • Table LATIN AMERICA: GRID-SCALE BATTERY MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • RANKING OF PLAYERS & INDUSTRY CONCENTRATION, 2017
    • COMPETITIVE SCENARIO
      • Table ABB, THE MOST ACTIVE PLAYER IN THE MARKET BETWEEN 2015 AND MAY 2018
      • CONTRACT & AGREEMENT
        • Table CONTRACTS & AGREEMENTS, 2015–MAY 2018
      • NEW PRODUCT LAUNCH
        • Table NEW PRODUCT LAUNCHES, 2015–FEBRUARY 2018
      • INVESTMENT & EXPANSION
        • Table INVESTMENTS AND EXPANSIONS, 2015–FEBRUARY 2018
      • JOINT VENTURE/DIVESTMENT/MERGER & ACQUISITION/PARTNERSHIP & COLLABORATION/ STRATEGIC ALLIANCE
        • Table JOINT VENTURES/DIVESTMENTS/MERGERS & ACQUISITIONS/PARTNERSHIPS & COLLABORATIONS/STRATEGIC ALLIANCES, 2015–FEBRUARY 2018
  • COMPANY PROFILES
    • BENCHMARKING
    • LG CHEM, LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAMSUNG SDI CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PANASONIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FLUENCE ENERGY, LLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TESLA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BYD COMPANY LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC (GE)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GS YUASA CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TOSHIBA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAFT GROUPE S.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • S&C ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • NGK INSULATORS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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