Grid Scale Battery Market Scenario
Market
Research Future published a raw research report Global Grid scale battery
Market that contains the information from 2018 to 2023. The Global Grid
scale battery Market size is expected to grow at 32% CAGR from 2018 to
2023. Grid scale battery are collection of methods used to store electric
energy on large scale within electric power grid. Grid scale battery are mostly
used in services such as load management, power quality and UPS.
Numerous batteries are used
for grid application according to their power capabilities. Pumped-hydro
station uses the services like load management due to
their large power capabilities. Grid scale battery are collection of methods used to
store electric energy on large scale within electric power grid. Grid scale
battery are mostly used in services such as load management, power quality and
UPS. Numerous batteries are used for grid application according to their power
capabilities. Pumped-hydro station uses the services like load management due
to their large power capabilities.
Segmental Analysis
The global grid scale
battery market is further segmented in three segments by battery type, by power
Generation and by application.
Battery type further
sub-segmented as Lithium-ion batteries, flow batteries, Zinc-hybrid batteries,
Sodium-Based Battery, Lithium-ion batteries is leading in this segment as these
batteries are highly use in UPS having good efficiency.
Power Generation is sub
segmented into power capacity or rating and energy capacity, Power capacity is
leading in this segment.
Region is segmented into
Europe, North America, Asia Pacific, Rest of the world. North America region is dominating in grid scale
battery market due to government support and industries shifting towards
renewable energy
Regional Industry Analysis
The regional analysis of the grid scale battery market
consists of regions such as Asia Pacific, Europe, North America and rest of
world. The grid scale battery market globally is projected to flourish owing to
the upsurge in investment in renewable energy, and the dropping prices of the
grid-scale battery. Moreover, firms included in this sector are increasingly
focusing on R & D to guarantee improved operational efficiency because of
the rising fleet players in the market. The North American region is
controlling this market owing to the surge of renewable energy in the
residential sector, primarily due to the initiatives and measures that have
been taken to pave the way for utility-scale policy and storage development.
The solar development is adding to a new complementary technology area which
eventually is helping the growth in the grid scale battery market.
Leading Players
The chief competitors in the grid scale battery market
globally are Samsung (South Korea), Fluence (US), Tesla (US), GS Yuasa (Japan),
Panasonic (Japan), LG Chem (South Korea), BYD Company (China), Saft (France),
S&C Electric (US), ABB (Switzerland), GE (US), Toshiba (Japan), and NGK
Insulators (Japan).
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