Stationary Battery Storage Market Size By Battery (Lithium Ion, Sodium Sulphur, Lead Acid, Flow Battery), By Application (Grid Services { Frequency Regulation, Flexible Ramping, Black Start Services, Energy Shifting and Capacity Deferral, Transmission and Distribution Congestion Relief, Capacity Firming, Reduced RE Curtailment, Reduced Reliance on Diesel Gensets}, Behind The Meter {Electricity Consumers, System Operation, Mini Grids}, Off-Grid), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2030

Industry Trends

Stationary Battery Storage Market size valued at USD 23 billion in 2020 and is projected to grow at 25.1% CAGR from 2021 to 2030. Soaring investment toward sustainable energy sources will drive the demand for an efficient energy storage system.
 

In the recent past, the market has witnessed a considerable growth owing to rising demand for power backup solutions coupled with the security of power supply concerns. Lack of power grid infrastructure and frequent power outages across emerging countries of Africa and Asia Pacific region, will stimulate the demand for stationary battery storage systems. Growing penetration of smart devices due to rapid digitalization will fuel the development across telecommunication industry.
 

Get more details on this report - Request Free Sample PDF
 

However, the global economy took a severe hit by an unforeseen outbreak of the coronavirus, also known as COVID-19, affecting the market trends as well. Respective governments across the globe imposed strict lockdown which led to the shutdown of various manufacturing facilities. This has delayed several projects including energy storage due to labor shortage and disruption in supply chain, which has severely impacted the industry growth. However, various pharmaceutical companies have introduced COVID-19 vaccines and it is expected that the market share will recover by first half of FY 2021.
 

This stationary battery storage market report features a comprehensive analysis of industry trends across the world segmented on a regional & country level across battery and applications. Moreover, market forecasts & estimates are completely aligned with the data signified by authorities including the Portable Rechargeable Battery Association (PRBA), Battery Council International (BCI), European Portable Battery Association (EPBA), Battery Association of Japan (BAJ), government regulatory bodies, and company investor presentations & press releases.
 

Get more details on this report - Request Free Sample PDF
 

Rising demand for sustainable energy storage solutions to propel the market growth of Sodium Sulphur battery

Sodium sulphur stationary battery storage systems are likely to witness a growth of around 16% through 2030, driven by high operational safety and enhanced temperature stability. High energy density, long battery lifetime and improved safety prospects are the paramount features favoring the product demand.
 

Over the last decade, rising concerns toward GHG emission has compelled the policymakers to introduce favorable regulatory framework for energy storage systems, which in turn will spur the stationary battery storage system market. However, growing urbanization, increasing demand for energy storage and mounting infrastructure investments are the key factors which will positively influence the market statistics.
 

Rising power outages will boost the market penetration from behind the meter services

Get more details on this report - Request Free Sample PDF
 

Behind the meter services captured around 45% of the global stationary battery storage market share in 2020 and is anticipated to grow on account of soaring demand for emergency power backup solutions and frequent power outages. In the recent years, rising consumer awareness toward enhancing the power supply and resilience quality will stimulate the market demand. Growing development of mini-grids and rapidly declining battery prices is poised to fuel the deployment of stationary battery storage from behind the meter.
 

Concerns toward energy security and rising demand for continuous power supply to foster the European market trends

Get more details on this report - Request Free Sample PDF
 

Europe stationary battery storage market revenue is set to observe a significant growth of more than 19% through 2030 propelled by rising customer awareness toward stable power supply and energy independency. Ongoing reforms related to energy efficiency coupled with rising concerns toward security of supply will augment the market share. Harsh climatic conditions across the region have instituted a favorable scenario for the battery manufacturers.
 

Development of sustainable energy storage systems acting as the focal point for leading market players

The key market players are constantly aiming toward innovative development in their systems to offer efficient stationary battery storage solutions to the consumers and expand their market share. Furthermore, focused R&D activities along with strategic collaborations & partnerships are few of the crucial strategies opted by the industry players to achieve competitive edge in the market.
 

The prominent players profiled in the stationary battery storage market study includes Tesla, Durapower, Exide Technologies, Duracell., Toshiba Corporation, Panasonic Corporation, Samsung SDI, Johnson controls, Philips, Hoppecke Batteries, GS Yuasa, LG Chem, and A123 Systems, amongst other players.
 

This market research report on stationary battery storage includes in-depth coverage of the market with estimates & forecast in terms of “MW, and ‘USD” from 2017 to 2030, for the following segments:

Market, By Battery

• Lithium-ion
• Sodium Sulphur
• Lead Acid
• Flow Battery
• Others

Market, By Application

• Grid Services
  • Frequency regulation
  • Flexible Ramping
  • Black start service
  • Energy Shifting & capacity deferral
  • Transmission and distribution congestion relief
  • Capacity firming
  • Reduced RE curtailment
  • Reduced reliance on diesel gensets
• Behind The Meter
  • Electricity Consumers
  • System Operation
  • Mini Grids
• Off-Grid

The above information has been provided for the following regions and states:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
• CIS & Eurasia
  • Russia
  • Ukraine
  • Azerbaijan
  • Kazakhstan
  • Belarus
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
• Middle East & Africa
  • UAE
  • South Africa
  • Saudi Arabia
• Latin America
  • Mexico
  • Brazil
  • Argentina