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Stationary Battery Storage Market Share

  • Report ID: GMI1892
  • Published Date: Nov 2022
  • Report Format: PDF

Stationary Battery Storage Market Share

Top companies operating in the stationary battery storage market are :

  • Exide Technologies
  • LG Chem Ltd.
  • Tesla
  • Panasonic Corporation
  • Durapower Group
  • Lockheed Martin Corporation
  • SCHMID Group
  • Johnson Controls
  • Duracell
  • BYD
  • Furukawa Battery Co., Ltd.
  • HydraRedox
  • Siemens
  • CMBlu Energy AG
  • Invinity Energy Systems
  • and Redflow Limited

These firms are incorporating strategies such as business expansions to improve their footprint in the global market.

For instance, in May 2022, BYD announced a plan to purchase 6 lithium-ion mines across Africa to strengthen its position in the lithium-ion technology market. This was intended to allow the company to establish a strong presence in the stationary lithium-ion battery storage industry worldwide.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of stationary battery storage crossed USD 71 billion in 2022 and is slated to depict more than 27% CAGR through 2032, owing to favorable regulatory frameworks for energy storage.

The flow battery segment is poised to register over 30% CAGR from 2023 to 2032, given environmental sustainability and high-power density, among other attributes.

The APAC market value is projected to surpass USD 446 billion by 2032, on account of the emphasis on rural area electrification and clean energy trends.

Exide Technologies, LG Chem Ltd., Tesla, Panasonic Corporation, Lockheed Martin Corporation, Siemens, TOSHIBA CORPORATION, Invinity Energy Systems, and Redflow Limited are some of the key players in the industry.

Stationary Battery Storage Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 22
  • Tables & Figures: 1178
  • Countries covered: 22
  • Pages: 620
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