Stationary Battery Storage Market Size By Battery (Lithium-ion, Sodium Sulphur (NAS), Lead acid, Flow Battery, Others), By Application (Communication Base Stations, 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, China, Japan, South Korea, India, Australia, Saudi Arabia, UAE, South Africa, Argentina, Brazil, Mexico), Growth Potential, Competitive Market Share & Forecast, 2017 – 2030

Industry Trends

Stationary Battery Storage Market size for 2016 was valued over USD 2 billion and is set to witness over 18% CAGR by 2030.
 

Germany Stationary Battery Storage Market Size, By Battery, 2016 (USD Billion)

 

Favourable government initiatives pertaining to expansion of grid infrastructure with an aim to establish a sustainable electrical network across developing regions will foster the stationary battery storage market size. Ongoing reforms subject to energy efficient and clean storage system manufacture will further embellish the industry landscape. In 2016, the United States Environmental Protection Agency in context to lead-acid battery manufacturing, established the New Source Performance Standards (NSPS). The standards in compliance to the section 111 of the Clean Air Act implement regulations to restrain atmospheric emissions of lead from new, reconstructed and modified lead-acid battery plants.
 

Rising investments across the renewable energy sector from financial institutions including the Asian Development Bank (ADB) and International Finance Corporation (IFC) will positively influence the stationary battery storage market potential. Ongoing expansion of micro-grid networks coupled with rapid development across distributed generation technologies will further stimulate the industry growth. In 2017, IFC announced an investment worth USD 103 million towards solar green bonds in India. The institution further proclaimed an overall investment worth USD 1.2 billion towards the country’s clean energy sector. Expansion of communication networks favoured by advancing wireless technologies will fuel the demand for communication base stations which in turn will drive the stationary battery storage market growth.
 

Declining cost owing to economies of scale and improved manufacturing efficiencies will stimulate the stationary battery storage market share. Favourable cell chemistries supported by cheap and abundant raw materials coupled with rapid automation and ease of outsourcing will further foster the product penetration. In 2017, Multidisciplinary Digital Publishing Institute (MDPI) stated a fall in battery prices from USD 20,000/ton in 2016 to a vicinity of USD 15,000/ton across the U.S.
 

Stationary Battery Storage Market, By Battery

Lithium-ion stationary battery storage market has evolved at a rapid rate in the recent years owing to higher gravimetric and volumetric densities coupled with improved cycle life in comparison to its competitive counterparts. Declining price along with volume manufacturing practices adopted by leading industry players including Tesla will stimulate the product demand. In 2017, Tesla announced the launch of its grid scale 129 MWh lithium-ion battery in South Australia. The company aims at the establishment of reliable and effective large-scale grid storage technology in the years to come.
 

Sodium sulphur stationary battery storage market size is predicted to exceed USD 3 billion by 2030. The technology owing to sustainable energy density, temperature stability, low cost, and safe operations projects a considerable potential over the coming years. As per NGK in 2017, sodium sulphur batteries are being utilized at 190 locations across Europe, North America, Asia Pacific and the Middle East, for renewable energy stabilization across microgrids and ancillary services, load levelling, distribution and transmission network management.
 

Lead-acid in 2016, accounted for over 28% of the global stationary battery storage market share. Maturing technological implications and evolving auxiliary battery technologies coupled with high power density offerings by its competitive counterparts restrain the product demand. A paradigm shift towards advancing redox and hybrid systems for remote energy management, emergency power and grid storage applications has integrated an intense competitive scenario across the industry.
 

Stationary Battery Storage Market, By Application

Emergency power is set to witness a growth over 18% owing to rapid residential establishments and commercialization across developing regions including Africa and Asia Pacific. Growing demand for refurbishment and upgradation of conventional electrical networks across North America and Europe will further complement the stationary battery storage market growth. Exponential increase in electricity demand coupled with frequent grid failures across developing regions offer substantial scope for emergency power supply.
 

Local energy storage in 2016, was valued at USD 1 billion owing to ongoing adoption of solar rooftop technology coupled with increasing penetration of isolated electrical networks. Advancing battery technologies coupled with rising investments toward integration of renewable energy sources will drive the demand of sustainable grid support systems. Increasing awareness towards establishment of sustainable energy mix coupled with expanding microgrid networks will further embellish the stationary battery storage market potential.

Stationary Battery Storage Market, By Region

The U.S. stationary battery storage market is set to witness a growth over 17% by 2030. Refurbishment and upgradation of existing grid networks coupled with increasing demand for reliable grid support mechanism will foster the industry outlook. Ongoing infrastructure investments along with an exponential increase in demand for electricity will further embellish the business scenario. In 2017, Saudi Arabia under its sovereign wealth fund announced an investment worth USD 20 billion towards infrastructural development across the U.S.
 

UK stationary battery storage market in 2016, was valued over USD 90 billion on account of ongoing reforms pertaining to energy efficiency coupled with growing concern toward energy security. The Energy Efficiency Directive 2012/27/EU enacted by the European Commission incorporates standardization of existing and developing energy storage systems. The regulation further spreads its scope across manufacturing safety and transportation of raw materials for battery manufacturing plants in the region.

China stationary battery storage market will witness strong growth owing to increasing investments across infrastructure establishments coupled with expanding microgrid networks. Advancing economic scenario owing to rapid commercialization and investments across the residential and utility-based electrification systems will drive the industry landscape. Enhancing renewable energy technologies coupled with favourable government initiatives will further stimulate the industry potential. In 2017, National Energy Administration of China has announced an investment of USD 335.4 billion towards integration of renewable generation technologies by 2020 across the country.

Competitive Market Share

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

High end research investments toward development of energy efficient and cost-effective energy storage technology has been the key strategic implication by major market players to establish a sustainable market presence. Economies of scale coupled with customized system configurations have further established an enhanced strategic platform for the leading industry participants.
 

Stationary Battery Storage Industry Background
 

These storage systems offer wide power range and are applicable across networks requiring standby or emergency power supply. These batteries are discharged infrequently and remain on a continuous float charge. The high capacity stationary storage products are used for electrical load levelling. These batteries store electrical energy for peak power demand and remain offline during base load demand. These systems are also used for backup emergency power applications, uninterruptible power supply (UPS) and telecommunication equipment.
 

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