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Stationary Battery Storage Market: Outlook, Opportunity and Demand Analysis, Forecast 2020- 2030

Author : Ronak Bora | Published Date : 2020-09-15 

North America is anticipated to be a key revenue terrain for stationary battery storage market. This can be largely associated with a strong demand for reliable grid support infrastructure and ongoing development of reliable energy storage technologies. The region is bound to witness several solar and wind mega projects in the near future.

In June 2019, Google had purchased about 1,600 MW in new energy deals, expanding its global portfolio of solar and wind deals to 5,500 MW, an increase of nearly 40%. Shortly after this, in October 2019, Amazon also announced three major sustainable energy projects in the U.S. and U.K. Amazon’s upcoming wind and solar projects are anticipated to being power generation in 2021.

Growing penetration of renewable energy sources including solar and wind technology coupled with rising investments toward rural electrification will boost the stationary battery storage market growth from off grid services. Rising concerns toward rural isolation along with increasing government initiatives toward enhance the standard of living for population residing in remote areas will drive the technology adoption. In addition, the availability of limited electrical infrastructure will further proliferate the business landscape.

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The overall stationary battery storage market landscape is divided into battery, application, and region.

Among these, the battery segment is further divided into sodium sulphur battery, lithium-ion battery, flow battery, lead acid battery, and others. The lead acid battery market is slated to witness tremendous growth over the coming years as the ease of raw material availability and the competitive price index drives product deployment across a plethora of industries.

The others segment is also slated to showcase appreciative growth. the segment includes other battery types such as nickel cadmium, nickel metal hydride, as well as zinc carbon battery chemistries, amongst others.

From a regional reference frame, growing consumer awareness toward energy independency is expected to propel product deployment across the CIS & Eurasia region during the analysis period.

Ongoing investments toward clean energy solutions are expected to drive the stationary battery storage market growth across the regional landscape of Middle East & Africa.

Increasing demand for electricity along with rising frequency of power outages will foster business growth in the Latin America region.

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Major players operating across the stationary battery storage market includes, Panasonic Corporation, BYD, Toshiba Corporation and Tesla amongst others. 

Table of Contents (ToC) of the report:

Chapter 5    Stationary Battery Storage Market, By Application

5.1    Stationary battery storage market share by application, 2019 & 2030

5.2    Grid services

5.2.1    Global market from grid services, 2014 – 2030

5.2.2    Global market from grid services, by region, 2014 - 2030

5.2.3    Frequency regulation

5.2.3.1    Global market from frequency regulation, 2014 – 2030

5.2.3.2    Global market from frequency regulation, by region, 2014 - 2030

5.2.4    Flexible ramping

5.2.4.1    Global market from flexible ramping, 2014 – 2030

5.2.4.2    Global market from flexible ramping, by region, 2014 - 2030

5.2.5    Black start services

5.2.5.1    Global market from black start services, 2014 – 2030

5.2.5.2    Global market from black start services, by region, 2014 - 2030

5.2.6    Energy shifting & capacity deferral

5.2.6.1    Global market from energy shifting & capacity deferral, 2014 – 2030

5.2.6.2    Global market from energy shifting & capacity deferral, by region, 2014 - 2030

5.2.7    Transmission & distribution congestion relief

5.2.7.1    Global market from transmission & distribution congestion relief, 2014 – 2030

5.2.7.2    Global market from transmission & distribution congestion relief, by region, 2014 - 2030

5.2.8    Capacity firming

5.2.8.1    Global market from capacity firming, 2014 – 2030

5.2.8.2    Global market from capacity firming, by region, 2014 - 2030

5.2.9    Reduced RE curtailment

5.2.9.1    Global market from reduced RE curtailment, 2014 – 2030

5.2.9.2    Global market from reduced RE curtailment, by region, 2014 - 2030

5.2.10    Reduced reliance on diesel gensets

5.2.10.1    Global market from reduced reliance on diesel gensets, 2014 – 2030

5.2.10.2    Global market from reduced reliance on diesel gensets, by region, 2014 - 2030

5.3    Behind the meter

5.3.1    Global market from behind the meter, 2014 – 2030

5.3.2    Global market from behind the meter, by region, 2014 - 2030

5.3.3    Electricity consumers

5.3.3.1    Global market from electricity consumers, 2014 – 2030

5.3.3.2    Global market from electricity consumers, by region, 2014 - 2030

5.3.4    System operations

5.3.4.1    Global market from system operations, 2014 – 2030

5.3.4.2    Global market from system operations, by region, 2014 - 2030

5.3.5    Mini grids

5.3.5.1    Global market from mini grids, 2014 – 2030

5.3.5.2    Global market from mini grids, by region, 2014 - 2030

5.4    Off grid

5.4.1    Global market from off grid, 2014 – 2030

5.4.2    Global market from off grid, by region, 2014 - 2030

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/stationary-battery-storage-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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