Stationary Battery Storage Market Size, Share, Growth Report 2030

The global Stationary Battery Storage market was estimated at 15 (USD Billion) in 2019 and set to record a CAGR of nearly 23.7% over 2020-2026. The report offers valuation and analysis of Stationary Battery Storage market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

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Introduction

Stationery battery storage plays a key role in generating a stable and incessant supply of power. The product finds gamut of applications in myriad industries as it provides exceptional storage capacity and outstanding connectivity. They are available in various designs and are utilized for emergency purpose. High capacity batteries are installed as a major source of backup for providing stability to the electric grid for providing incessant supply of power during power outages or power failure.

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Market Growth Drivers

Rapid industrialization has enhanced the demand for power efficient sources of power and this will steer the market growth over the forecast period. Additionally, growing awareness pertaining to green environment will translate into huge demand for stationery battery storage over the coming years. Apparently, technological breakthroughs regarding grid network expansion will result in the market growth over the years ahead.

Report Scope:

Furthermore, governments have introduced various schemes prompting the utilization of sustainable power sources and have enforced strict laws to ensure its use. This has culminated into rise in the production of stationery batteries, thereby favorably influencing the market progression in the recent years. Availability of raw materials at reduced costs and economies of scale will further drive the market trends. Rapid expansion of grid infrastructure & rampant acceptance of wireless systems will create a robust platform as well as strong base for the market to achieve sustainable growth in the coming decade.  

North American Market To Retain Dominant Position Over 2020-2026

The growth of the market in the North American sub-continent over the forecast timeline can be attributed to escalating demand for stationery battery storage in the countries like the U.S. Additionally, outstanding electric grid network facility in the countries like Canada and the U.S. will further drive the market growth in North America over the forecasting years.  

Key players influencing the market growth are Tesla, ACDelco, Samsung Koninklijke Philips, Furukawa, Toshiba, A123 Systems, GS Yuasa, Durapower, Panasonic, Uniper, Enersys, LG Chem, BYD, Hitachi, Exide, Duracell, Johnson, Hoppecke, and Mutlu.

The global stationary battery storage market is segmented as follows:

By Type

• Lithium-ion
• Sodium Sulphur (NaS)
• Lead Acid
• Flow Battery

By Application

• Emergency Power
• Communication Base Station
  • Lead-acid

• Flooded
• VRLA
  • Lithium-ion
  • Flow battery

• Local Energy Storage
• Remote Relay Stations
• Uninterrupted Power Supply

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa