Stationary Battery Storage Market Size By Battery (Lithium-ion, Sodium Sulphur (NAS), Lead acid, Flow Battery, Others), By Application (Communication Base Stations [Lithium ion, Lead acid {Flooded, VRLA}, Flow battery] Emergency Power, Local Energy Storage, Remote Relay Stations, Uninterruptible Power Supplies (UPS)), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, Italy, UK, Spain, Russia, Ukraine, Azerbaijan, Kazakhstan, Belarus, China, Japan, South Korea, India, Australia, Saudi Arabia, UAE, South Africa, Argentina, Brazil, Mexico), Growth Potential, Competitive Market Share & Forecast, 2018 – 2030

Published Date: May 2018 | 330 Pages | Report ID: GMI1892 | Authors: Ankit Gupta, Aditya Singh Bais Report Format: PDF

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Industry Trends

Stationary Battery Storage Market size in 2017 was valued over USD 4 billion and is set to witness gains over 17% by 2030.

UK Stationary Battery Storage Market Size, By Battery, 2017, 2024 & 2030 (USD Billion)
UK Stationary Battery Storage Market Size, By Battery, 2017, 2024 & 2030 (USD Billion)

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Favourable regulatory framework toward the expansion of electrical infrastructure with an objective to establish an efficient grid network across emerging economies will drive the global stationary battery storage market. Expansion of communication network favoured by advancement in the wireless technologies has also instituted a positive business scenario for the industry players. In addition, the ongoing reforms pertaining to sustainable storage systems and energy efficiency will further propel the business outlook. For instance, in 2016, the US EPA with reference to lead acid battery production has established the NSPS standards. These standards are in compliance with the Clean Air Act and restraints the emissions caused by manufacturing of lead acid batteries.

Increasing investments from numerous financial institutions including ADB and IFC toward development of sustainable energy technologies coupled with ongoing expansion of microgrid network will foster the stationary battery storage market. Rapid technological advancement across the distributed generation technologies will complement the industry growth. IFC in 2017, announced an investment of USD 103 million toward solar green bonds. The institution has also declared an investment of USD 1.2 billion toward clean energy technologies across India.

Declining overall battery cost on account of manufacturing efficiencies and economies of scale in long run will positively influence the industry growth. Favourable cell chemistries along with low cost and abundant availability of raw material will drive the stationary battery storage market. Rapid automation of technology and easy outsourcing will further propel the product penetration. For instance, MDPI stated a decline in battery cost from USD 20,000 per ton in 2016 to USD 15,000 per ton in 2017 across the U.S.

Stationary Battery Storage Market, By Battery

Lithium ion battery in 2017, accounted for over 51% of the global stationary battery storage market. High volumetric and gravimetric densities along with improved life cycles are some of the key parameters which will stimulate the product adoption. Reducing battery prices along with large volume manufacturing facilities by key industry participants including Tesla will further propel the industry growth. Tesla in 2017, announced the installation of large scale around 120 MWh lithium ion battery located in South Australia.

Sodium sulphur battery (NaS) will witness a significant growth on account of their sustainable energy density, lower cost, temperature stability and safe operations. The growing adoption of the product for renewable energy stabilization across the microgrids, load levelling, distribution & transmission management and other ancillary services will fuel the stationary battery storage market. According to NGK in 2017, the NaS batteries are being used at 190 locations across North America, Europe, Asia Pacific and Middle East regions.

Stationary Battery Storage Market, By Application

Local energy storage will witness a growth of over 17% by 2030. Increasing investments toward isolated electrical networks coupled with growing adoption of solar rooftop technology. Advancement in battery technologies along with accelerating investments toward integration of clean energy sources will foster the stationary battery storage market. In addition, the growing awareness toward establishment of sustainable energy mix along with escalating microgrid networks will positively compliment the business outlook.

The emergency power will witness a significant growth on account of accelerating investments toward residential and commercial establishments across the developing economies. Growing demand for upgradation and refurbishment of existing electrical network across Europe and North America will further propel the stationary battery storage market. Frequent power failures along with increasing power demand across the developing countries will offer a substantial scope for product development.

Stationary Battery Storage Market, By Region

Accelerating demand for consistent grid support system along with ongoing investments toward upgradation and refurbishment of existing power network will propel the U.S. stationary battery storage market. Exponential increase in power consumption coupled with accelerating investments toward infrastructure development will positively influence the industry growth. In 2017, the Saudi Arabia through its sovereign fund has announced an investment of USD 120 billion toward the development of infrastructure across the U.S.

Growing concerns pertaining to security of supply along with regulatory reforms toward energy efficiency will foster the Germany stationary battery storage market share. The energy efficiency directive (2010/31/EU) commissioned by the EC incorporates the standardization of developing and existing energy storage systems across the nation. The rule further enhances its scope across the transportation and manufacturing of raw material for battery manufacturing.

China stationary battery storage market is set to expand over 24% by 2030. Increasing investments toward infrastructure development along with expanding electrical network across the off-grid areas will foster the industry growth. Advancing economic scenario on account of rapidly developing commercial and residential sector along with expanding utility-based electrical infrastructure will further drive the business outlook. Favourable regulatory framework coupled with enhancing sustainable generating sources will positively compliment the industry outlook. In 2017, NEA announced an investment of over USD 300 billion toward the integration of various renewable energy technology by 2020 across the nation.

Competitive Market Share

Eminent players across the stationary battery storage market comprise Exide Technologies, Johnson Controls, Tesla, Toshiba, Hitachi Chemical, Uniper, ACDelco, Panasonic, Roofer Technology, Hitachi Maxell, LG Chem, Valence Technology, Duracell, BYD co, Koninklijke Philips, GS Yuasa, Durapower, A123 systems and Samsung SDI.

Increasing investments toward development of cost effective and energy efficient storage systems has been a key strategy adopted by leading industry players. Economies of scale in long run along with high end customization of system configurations have also established strategic platform for industry participants across the stationary battery storage market.

Stationary Battery Storage Industry Background
Stationary Battery Storage Market Segmentation

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Stationary battery storage systems offer extensive power range and are pertinent across various network requiring emergency or standby electricity supply. These batteries get discharged rarely and generally remain on a continuous charge. These high capacity stationary batteries are used for load levelling and for providing electricity across remote areas. These product store electricity for peak electricity demand and remain disconnected during base power demand. In addition, these batteries are also used for emergency power applications, telecommunication network, backup power supply and uninterruptible power supply (UPS).

What Information does this report contain?

Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2030.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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