Stationary Battery Storage Market to see Huge Growth by 2028

The stationary battery storage market size is valued at USD 23 billion in 2021 and is expected to grow at a CAGR of 25.1% from 2022 to 2028. A set of batteries, an electronic control system, an inverter and a thermal management system are often included in a stationary battery storage system. Stationary battery storage refers to a set of techniques for storing energy on a large scale within an electrical network. When electricity is abundant and cheap (especially from intermittent power plants such as renewable electricity from wind, tidal and solar energy) or demand is low, electrical energy is stored and then restored to the grid when demand is high and electricity costs are higher. Grid-scale energy storage is expected to pave the way for market ancillary services, energy quality management and successful integration of renewable energy, as well as grid peak load management. Energy storage in the form of batteries should provide flexibility and facilitate the integration of intermittent resources. Storage contributes to this by absorbing excess energy that would otherwise be lost throughout the day, when energy demand is lower, and reusing it at a more profitable time.

Company Profile

• BYD Co. Ltd.
• Duracell Inc.
• Durapower
• Exide Technologies
• Johnson Controls Inc.
• Samsung SDI Co. Ltd
• Tesla
• Toshiba Corporation

Market Segmentation

By Battery

• Lithium-ion
• Sodium Sulphur
• Lead Acid
• Flow Battery

By Application

• Grid Services
• Behind The Meter
• Off-Grid

Scope of the Report

The research study analyzes the Stationary Battery Storage Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Stationary Battery Storage Market Report

1. What was the Stationary Battery Storage Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Stationary Battery Storage Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Stationary Battery Storage Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Stationary Battery Storage Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Stationary Battery Storage
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Stationary Battery Storage
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Stationary Battery Storage Market.