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Asia Pacific Stationary Battery Storage Market Share

Report ID: GMI6605
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific Stationary Battery Storage Market Share

Some of the major industry players operating across the Asia Pacific stationary battery storage market are

Johnson Controls
Panasonic Corporation
Tesla
Toshiba Corporation
SAMSUNG SDI CO., LTD.
Koninklijke Philips N.V.
Hitachi Energy Ltd.
LG Chem
Siemens Energy
HOPPECKE Batterien GmbH & Co. KG
BYD Company Ltd.
Contemporary Amperex Technology Co Ltd.
VARTA AG
Exide Technologies
GS Yuasa International Ltd
SK Innovation Co Ltd.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific Stationary Battery Storage Industry Size was valued at USD 19.7 billion in 2022 and is projected to grow at a CAGR of 16.9% through 2032, on account of rising concerns toward security of energy supply along with soaring demand for power backup.

The lithium-ion segment held a market value of more than USD 16.8 billion in 2022, owing to effective and efficient performance along with improved life cycle in comparison to its lead acid counterpart.

The stationary battery storage market in China held a revenue share of over 63% in 2022 and will experience rapid growth through 2032, driven by increasing electricity demand, grid modernization efforts, and the integration of renewable energy sources.

Siemens Energy, HOPPECKE Batterien GmbH & Co. KG, BYD Company Ltd., Contemporary Amperex Technology Co Ltd., VARTA AG, Exide Technologies, GS Yuasa International Ltd, SK Innovation Co Ltd., among others.