EXECUTIVE ENGAGEMENTS
POOL
INTERACTIONS
PARTICIPANTS
VALIDATIONS
COMPANIES
* Login for a full stack data experience
DATE
JAN 2023
TABLES
173
PAGES
247
EDITION
6
PRICE
USD 4950
CODE
MCP12234
*Engagement stats are ongoing and dynamic
HIGHLIGHTS & REPORT INDEX
What`s New for 2023?
»Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
»Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
»Online interactive peer-to-peer collaborative bespoke updates
»Access to our digital archives and MarketGlass Research Platform
»Complimentary updates for one year
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Grid-Scale Battery Market to Reach $19.5 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Grid-Scale Battery estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$19.5 Billion by 2030, growing at a CAGR of 22.3% over the analysis period 2022-2030. Lithium-Ion, one of the segments analyzed in the report, is projected to record a 22.8% CAGR and reach US$17.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lead Acid segment is readjusted to a revised 20.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 21.3% CAGR
The Grid-Scale Battery market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 21.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.2% and 18.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.
SELECT PLAYERS
ABB Group; BYD Co., Ltd.; Fluence Energy, LLC; General Electric Company; GS Yuasa Corporation; LG Chem; NGK Insulators Ltd.; Panasonic Corporation; Saft Groupe SA; Samsung SDI Co., Ltd; Tesla Motors, Inc.; Toshiba Corporation
SEGMENTS
» Type (Lithium-Ion, Lead Acid, Other Types) » Application (Ancillary Services, Renewable Integration, Other Applications)
GEOGRAPHIES
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
I. METHODOLOGY |
II. EXECUTIVE SUMMARY |
1. MARKET OVERVIEW |
Influencer Market Insights |
World Market Trajectories |
Grid Scale Battery Market: A Snapshot |
Battery Storage Market – An Introduction |
Lithium ion (Li-ion) Dominates the Battery Grid Energy Storage Market |
Grid-Scale Battery – Global Key Competitors Percentage Market Share in 2022 (E) |
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E) |
Impact of Covid-19 and a Looming Global Recession |
2. FOCUS ON SELECT PLAYERS |
3. MARKET TRENDS & DRIVERS |
4. GLOBAL MARKET PERSPECTIVE |
World Recent Past, Current & Future Analysis for Grid-Scale Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR |
World 8-Year Perspective for Grid-Scale Battery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030 |
World Recent Past, Current & Future Analysis for Lithium-Ion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR |
World 8-Year Perspective for Lithium-Ion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030 |
World Recent Past, Current & Future Analysis for Lead Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR |
World 8-Year Perspective for Lead Acid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030 |
World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR |
World 8-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030 |
World Recent Past, Current & Future Analysis for Renewable Integration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR |
World 8-Year Perspective for Renewable Integration by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030 |
World Recent Past, Current & Future Analysis for Ancillary Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR |
World 8-Year Perspective for Ancillary Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030 |
World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR |
World 8-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030 |
World Grid-Scale Battery Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030 |
III. MARKET ANALYSIS |
UNITED STATES |
Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E) |
Active Players in United States |
USA Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
USA 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
USA Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
USA 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
CANADA |
Active Players in Canada |
Canada Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Canada 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
Canada Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Canada 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
JAPAN |
Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E) |
Active Players in Japan |
Japan Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Japan 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
Japan Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Japan 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
CHINA |
Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E) |
Active Players in China |
China Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
China 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
China Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
China 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
EUROPE |
Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E) |
Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR |
Europe 8-Year Perspective for Grid-Scale Battery by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030 |
Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Europe 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Europe 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
FRANCE |
Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E) |
Active Players in France |
France Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
France 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
France Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
France 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
GERMANY |
Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E) |
Active Players in Germany |
Germany Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Germany 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
Germany Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Germany 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
ITALY |
Active Players in Italy |
Italy Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Italy 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
Italy Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Italy 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
UNITED KINGDOM |
Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E) |
Active Players in United Kingdom |
UK Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
UK 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
UK Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
UK 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
REST OF EUROPE |
Active Players in Rest of Europe |
Rest of Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Rest of Europe 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
Rest of Europe Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Rest of Europe 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
ASIA-PACIFIC |
Grid-Scale Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E) |
Active Players in Asia-Pacific |
Asia-Pacific Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Asia-Pacific 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
Asia-Pacific Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Asia-Pacific 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
REST OF WORLD |
Active Players in Rest of World |
Rest of World Recent Past, Current & Future Analysis for Grid-Scale Battery by Type - Lithium-Ion, Lead Acid and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Rest of World 8-Year Perspective for Grid-Scale Battery by Type - Percentage Breakdown of Value Sales for Lithium-Ion, Lead Acid and Other Types for the Years 2023 & 2030 |
Rest of World Recent Past, Current & Future Analysis for Grid-Scale Battery by Application - Ancillary Services, Renewable Integration and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR |
Rest of World 8-Year Perspective for Grid-Scale Battery by Application - Percentage Breakdown of Value Sales for Ancillary Services, Renewable Integration and Other Applications for the Years 2023 & 2030 |
IV. COMPETITION |
PREVIEW REPORT
Our robust permission-based engagement strategy requires a one-time double opt-in and/or re-consent for all users. We will re-establish consent once a year from date of last use. Both these practices exceed GDPR mandates.
What we store: Primary coordinates such as email, company address and phone. In-house developed influencer rank.
How we store: Encrypted and additionally secured by firewalls.
How we use your data: Only to contact you directly. We never share your coordinates with any individual or entity outside our company for any reason.
Privacy queries: Privacy@StrategyR.com