Stationary Battery Storage Market Analysis | 2020-2025

Market Insights

"The global 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 the ongoing integration of clean energy systems, which has created a need for cost-effective technologies.

A 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.

Segment Analysis

Battery Trends

"The lithium-ion segment held the largest share of the market."

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 conventional batteries, which is encouraging the usage of these batteries.

Regional Insights

"Asia-Pacific is estimated to be the fastest-growing stationary battery storage market."

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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Key Players

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.

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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

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.

By Battery Type:

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

By Application Type:

• Grid Services
  • (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
  • (Application Type Analysis: Electricity Consumers, System Operations, and Mini Grids)
• Off Grid

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)

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 market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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 three players)
• SWOT analysis of key players (up to three players)

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 to sales@stratviewresearch.com