DUBLIN, Oct. 9, 2023 /PRNewswire/ — The “Grid-Scale Battery – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global grid-scale battery market, which was estimated at US$3.9 billion in 2022, is projected to experience significant growth and reach a size of US$19.5 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 22.3% over the forecast period from 2022 to 2030.
Lithium-Ion batteries, a prominent segment in the report, are expected to record a CAGR of 22.8% and reach a valuation of US$17.1 billion by the conclusion of the analysis period. Additionally, the Lead Acid segment, considering the ongoing post-pandemic recovery, is readjusted to a revised CAGR of 20.3% for the next eight years.
Regional Overview
United States: The grid-scale battery market in the United States is estimated at US$1.1 billion in 2022.China: As the world’s second-largest economy, China is forecasted to achieve a market size of US$3.3 billion by 2030, with a CAGR of 21.3% from 2022 to 2030.Other Noteworthy Markets: Japan and Canada are expected to grow at rates of approximately 20.2% and 18.9%, respectively, during the period from 2022 to 2030.Europe: Germany is projected to experience a CAGR of approximately 15.1%.Key Competitors
The grid-scale battery market features several key competitors, including:
ABB GroupBYD Co., Ltd.Fluence Energy, LLCGeneral Electric CompanyGS Yuasa CorporationLG ChemNGK Insulators Ltd.Panasonic CorporationSaft Groupe SASamsung SDI Co., LtdTesla Motors, Inc.Toshiba CorporationWhat’s New?
The report offers special coverage on various significant global events, including the Russia-Ukraine war, global inflation, the easing of China’s zero-Covid policy, supply chain disruptions, global trade tensions, and the risk of recession. It also provides insights into global competitiveness and key competitor market shares, market presence across different geographies (Strong/Active/Niche/Trivial), online interactive peer-to-peer collaborative updates, access to digital archives and a Research Platform, and complimentary updates for one year.
Key Attributes:
Report Attribute
Details
No. of Pages
247
Forecast Period
2022 – 2030
Estimated Market Value (USD) in 2022
$3.9 Billion
Forecasted Market Value (USD) by 2030
$19.5 Billion
Compound Annual Growth Rate
22.3 %
Regions Covered
Global
Key Topics Covered: I. METHODOLOGYII. EXECUTIVE SUMMARY1. MARKET OVERVIEW
Influencer Market InsightsWorld Market TrajectoriesGrid Scale Battery Market: A SnapshotBattery Storage Market – An IntroductionLithium ion (Li-ion) Dominates the Battery Grid Energy Storage MarketGrid-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 Recession2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSISIV. COMPETITIONFor more information about this report visit https://www.researchandmarkets.com/r/l1uue8
About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/lithium-ion-batteries-expected-to-record-a-cagr-of-22-8-in-the-grid-scale-battery-market-key-competitors-include-abb-tesla-lg-chem-and-more-301950817.html
SOURCE Research and Markets
DUBLIN, Oct. 9, 2023 /PRNewswire/ — The “Grid-Scale Battery – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global grid-scale battery market, which was estimated at US$3.9 billion in 2022, is projected to experience significant growth and reach a size of US$19.5 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 22.3% over the forecast period from 2022 to 2030.
Lithium-Ion batteries, a prominent segment in the report, are expected to record a CAGR of 22.8% and reach a valuation of US$17.1 billion by the conclusion of the analysis period. Additionally, the Lead Acid segment, considering the ongoing post-pandemic recovery, is readjusted to a revised CAGR of 20.3% for the next eight years.
Regional Overview
United States: The grid-scale battery market in the United States is estimated at US$1.1 billion in 2022.China: As the world’s second-largest economy, China is forecasted to achieve a market size of US$3.3 billion by 2030, with a CAGR of 21.3% from 2022 to 2030.Other Noteworthy Markets: Japan and Canada are expected to grow at rates of approximately 20.2% and 18.9%, respectively, during the period from 2022 to 2030.Europe: Germany is projected to experience a CAGR of approximately 15.1%.
Key Competitors
The grid-scale battery market features several key competitors, including:
ABB GroupBYD Co., Ltd.Fluence Energy, LLCGeneral Electric CompanyGS Yuasa CorporationLG ChemNGK Insulators Ltd.Panasonic CorporationSaft Groupe SASamsung SDI Co., LtdTesla Motors, Inc.Toshiba Corporation
What’s New?
The report offers special coverage on various significant global events, including the Russia–Ukraine war, global inflation, the easing of China’s zero-Covid policy, supply chain disruptions, global trade tensions, and the risk of recession. It also provides insights into global competitiveness and key competitor market shares, market presence across different geographies (Strong/Active/Niche/Trivial), online interactive peer-to-peer collaborative updates, access to digital archives and a Research Platform, and complimentary updates for one year.
Key Attributes:
Report Attribute
Details
No. of Pages
247
Forecast Period
2022 – 2030
Estimated Market Value (USD) in 2022
$3.9 Billion
Forecasted Market Value (USD) by 2030
$19.5 Billion
Compound Annual Growth Rate
22.3 %
Regions Covered
Global
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market InsightsWorld Market TrajectoriesGrid Scale Battery Market: A SnapshotBattery Storage Market – An IntroductionLithium ion (Li-ion) Dominates the Battery Grid Energy Storage MarketGrid-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
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/l1uue8
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/lithium-ion-batteries-expected-to-record-a-cagr-of-22-8-in-the-grid-scale-battery-market-key-competitors-include-abb-tesla-lg-chem-and-more-301950817.html
SOURCE Research and Markets
