Reports

Sale

Grid-Scale Battery Market

Global Grid-Scale Battery Market Share, Analysis, Growth, Forecast: By Type: Lithium-Ion Battery, Lead Acid Battery, Flow Battery, Sodium-Ion Battery, Zinc Hybrid, Others; By Ownership: Third-Party Owned, Utility Owned; By Application: Renewables, Peak Shifting, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Grid-Scale Battery Market Outlook

The global grid-scale battery market size reached a value of more than USD 2.42 billion in 2023. The market is further estimated to grow at a CAGR of 33.10% in the forecast period of 2024-2032.

 

Rising Demand for Lithium-Ion Batteries to Propel the Grid-Scale Battery Market Growth

Based on type, the demand for lithium-ion batteries, owing to their multiple advantages, is growing rapidly. Lithium-ion batteries are widely utilised as supporting devices in the grid due to their energy density, superior energy efficiency, and long lifecycle. Moreover, lithium-ion batteries are available in various types such as coin, cylindrical, prismatic, and pouch, thereby contributing to the market expansion. 

 

The exceptional characteristics of prismatic and pouch cells like higher design freedom, reduced module-level dead volume, and ease of customisation are resulting in their increased utilisation in grid-scale batteries. The initiatives taken by the market players to improve the manufacturing capacity of lithium-ion batteries are contributing to the market development of grid-scale batteries. Advancements in the lithium-ion battery chemistry are improving the performance of lithium-ion batteries, which is likely to aid the grid-scale battery market development over the forecast period.

 

Market Segmentation

A grid-scale battery is an electrochemical device used in grid energy storage systems that collects and stores energy from the grid or a power plant. This battery storage technology enables the power system operators to discharge the stored energy at a later time to provide electricity when needed.

 

The market for grid-scale battery, by type, is divided into:

  • Lithium-Ion Battery
  • Lead Acid Battery
  • Flow Battery
  • Sodium-Ion Battery
  • Zinc Hybrid
  • Others

 

Based on ownership, the market is bifurcated into:

  • Third-Party Owned
  • Utility Owned

 

On the basis of application, the market is segmented into:

  • Renewables
  • Peak Shifting
  • Ancillary Services
  • Backup Power
  • Others

 

The regional markets for grid-scale battery can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

grid-scale battery market by region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Growing Use in Renewable Power Generation Plants to Drive the Market Growth of Grid-Scale Battery

The rapid urbanisation, industrial development, and economic advancements are resulting in the increasing demand for electricity and driving the shift towards renewable energy for power generation, which is surging the utilisation of grid-scale batteries. The rapid response, modularisation, short construction cycles, and flexible installation benefits of batteries are also leading to their wider applications in grid energy storage systems.

 

The growing environmental consciousness and the rising need to decarbonise the economies worldwide are increasing the dependency on grid energy storage systems. As grid-level electrical energy storage systems and their batteries store the excess electricity during peak power generation periods, they are used to provide the stored power during emergencies across end-use sectors.

 

The introduction of favourable government initiatives to strengthen the domestic supply chain for lithium-based batteries and develop innovative methods to recycle grid-scale batteries is proving to be a significant grid-scale battery market driver. Further, various initiatives taken by the market players for developing cheaper and long-lasting batteries and advancements in battery technologies are expected to augment the market over the forecast period.

 

Key Players in the Global Grid-Scale Battery Market

The report gives a detailed analysis of the following key players in the global grid-scale battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • ABB Ltd.
  • Hitachi Energy Ltd.
  • Sumitomo Electric Industries, Ltd.
  • LG Energy Solution
  • Leclanche SA
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Ownership
  • Application
  • Region
Breakup by Type
  • Lithium-Ion Battery
  • Lead Acid Battery
  • Flow Battery
  • Sodium-Ion Battery
  • Zinc Hybrid
  • Others
Breakup by Ownership
  • Third-Party Owned
  • Utility Owned
Breakup by Application
  • Renewables
  • Peak Shifting
  • Ancillary Services
  • Backup Power
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ABB Ltd.
  • Hitachi Energy Ltd.
  • Sumitomo Electric Industries, Ltd.
  • LG Energy Solution
  • Leclanche SA
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Opportunities and Challenges in the Market  
8    Global Grid-Scale Battery Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Grid-Scale Battery Historical Market (2018-2023) 
    8.3    Global Grid-Scale Battery Market Forecast (2024-2032)
    8.4    Global Grid-Scale Battery Market by Type
        8.4.1    Lithium-Ion Battery 
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Lead Acid Battery 
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Flow Battery 
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Sodium-Ion Battery 
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Zinc Hybrid 
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Grid-Scale Battery Market by Ownership
        8.5.1    Third-Party Owned 
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Utility Owned
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Grid-Scale Battery Market by Application
        8.6.1    Renewables
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Peak Shifting
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Ancillary Services
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Backup Power 
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others   
    8.7    Global Grid-Scale Battery Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
              8.7.4.1    Historical Trend (2018-2023) 
              8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Grid-Scale Battery Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Grid- Scale Battery Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia  Pacific Grid-Scale Battery Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America  Grid-Scale Battery Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Grid-Scale Battery Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    ABB Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Hitachi Energy Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Sumitomo Electric Industries, Ltd.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    LG Energy Solution
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Leclanche SA
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Grid-Scale Battery Market: Key Industry Highlights, 2018 and 2032
2.    Global Grid-Scale Battery Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Grid-Scale Battery Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Grid-Scale Battery Historical Market: Breakup by Ownership (USD Billion), 2018-2023
5.    Global Grid-Scale Battery Market Forecast: Breakup by Ownership (USD Billion), 2024-2032
6.    Global Grid-Scale Battery Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Grid-Scale Battery Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Grid-Scale Battery Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Grid-Scale Battery Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Grid-Scale Battery Market Structure.

Key Questions Answered in the Report

In 2023, the market attained a value of over USD 2.42 billion.

The market is assessed to grow at a CAGR of 33.10% between 2024 and 2032.

The major market drivers include the cost-effectiveness of lithium-ion batteries, various initiatives taken by the market players to improve the manufacturing capacity of lithium-ion batteries, exceptional characteristics of lithium-ion batteries, and rising environmental consciousness.

The key market trends guiding the growth of the market include the rising dependency on renewable energy sources, the development of affordable batteries, and advancements in battery technologies.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

With the development of durable and cost-effective grid-scale batteries, the increasing investments in renewable energy, and technological advancements and innovations, the demand for grid-scale batteries is expected to surge.

The significant types of grid-scale battery include lithium-ion battery, lead acid battery, flow battery, sodium-ion battery, and zinc hybrid, among others.

The major market segments, based on ownership, include third-party owned and utility owned.

The different applications of grid-scale battery include renewables, peak shifting, ancillary services, and backup power, among others.

The major players in the market are ABB Ltd., Hitachi Energy Ltd., Sumitomo Electric Industries, Ltd., LG Energy Solution, and Leclanche SA, among others.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER