Stationary Battery Storage Market Report

Stationary Battery Storage Market Insights

Stationary battery storage market is likely to witness an impressive CAGR of 15.4% during the forecast period. The growing demand for stationary battery storage is mainly due to ongoing integration of clean energy systems, which has created a need for cost effective technologies.

Market Share Analysis

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Stationary Battery Storage Market Share: By Battery Type

Based on the battery type, the market is segmented as lithium-ion, sodium sulphur, lead acid, flow battery, and others. The lithium-ion segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The lithium-ion batteries have higher shelf life compared to the conventional batteries, which is encouraging the usage of these batteries.

Stationary Battery Storage Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the fastest-growing stationary battery storage market during the forecast period, with China, Japan, India, and Australia being the major countries offering lucrative growth opportunities. The trend of shifting from conventional power generation to clean/green source of energy has led the market of stationary battery storage all over the world. Further, the rural electrification in the developing countries of Asia-Pacific has boosted the demand significantly.

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Some of the major stationary battery storage manufacturers are-

• ACDelco
• BYD Co. Ltd.
• Duracell Inc.
• Durapower
• Exide Technologies
• Johnson Controls Inc.
• Samsung SDI Co. Ltd
• Tesla
• Toshiba Corporation
• Uniper.

Market Scope & Segmentation

Stationary battery storage system can store and release energy in the form of electricity when it is needed. Stationary batteries, on account of their ability to efficiently absorb, store and release electric energy, are quickly gaining traction in the market.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The stationary battery storage market is segmented into the following categories. 

Stationary Battery Storage Market Size, Share, & Forecast, by Battery Type:

• Lithium-ion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sodium Sulphur (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Lead Acid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Flow Battery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Stationary Battery Storage Market Size, Share, & Forecast, by Application Type:

• Grid Services
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: Frequency Regulation, Flexible Ramping, Black Start Services, Energy Shifting & Capacity Deferral, Transmission & Distribution Congestion Relief, Capacity Firming, Reduced RE Curtailment, and Reduced Reliance on Diesel Gensets)
• Behind the Meter
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Application Type Analysis: Electricity Consumers, System Operations, and Mini Grids)
• Off Grid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Stationary Battery Storage Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the battery types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.