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.Stationary Battery Storage Industry share By Type, Application, Region
Stationary Battery Storage Market
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).
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.
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 Attributes||Report Details|
|Report Name||Stationary Battery Storage Market Size Report|
|Market Size in 2019||15 (USD Billion)|
|Market Forecast in 2026||XX(USD Million)|
|Compound Annual Growth Rate||CAGR of 23.7%|
|Number of Pages||110|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||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|
|Segments Covered||By Type,By end-user, And By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2016 to 2020|
|Forecast Year||2022 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
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.
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.
Rapid industrialization has enhanced the demand for power efficient sources of power and this will steer the market growth over the forecast period.
The CAGR of the market is projected at nearly 23.7% during forecast period.
North America is likely to make noteworthy contributions towards overall market revenue.
The key players profiled in the report include Samsung Koninklijke Philips, Toshiba, GS Yuasa, Panasonic, LG Chem, A123 Systems, BYD, Hitachi, Exide, Duracell, ACDelco, Johnson, Tesla, Durapower, Hoppecke, Uniper, Enersys, Furukawa, and Mutlu.