Stationary Battery Storage Market Size, Share, Growth Report 2032

Stationary Battery Storage Market

Stationary Battery Storage Market - By Application (Emergency Power, Local Energy Storage, Uninterruptible Power Supplies (UPS), Remote Relay Stations, And Communication Base Stations [Lithium ion, Flow battery, And Lead-acid {Flooded And VRLA}]), By Battery (Sodium Sulphur (NAS), Lithium-Ion, Flow Battery, Lead Acid, And Others), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-3857 Published Date: Sep-2020 Status : Published

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).

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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:

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
Base Year 2021
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.  

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

By Application

  • Emergency Power
  • Communication Base Station
  • 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

Table Of Content

Methodology

FrequentlyAsked Questions

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.

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