Grid Scale Energy Storage Systems Market: Global Demand and Growth Analysis Report, 2020-2030

 Mason Cooper
  25th-Jul-2019
 49
87Q_1564060501_1.png TechSci Research

TechSci Research performed both primary as well as exhaustive secondary research for Global Grid-Scale Energy Storage Systems Market. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration solution providers across the globe.

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Global grid scale energy storage systems market is anticipated to witness substantial growth by 2030, exhibiting a CAGR of over 30% during forecast period. The key growth driver for grid scale energy storage systems market is the large-scale addition of renewable power projects. Moreover, advancements in technology and increasing demand for power all over the world is further anticipated to boost the growth of grid scale energy storage systems market in the coming years.

Grid scale energy storage systems market has been segmented into battery type, ownership model, application and region. Based on battery type, the market has been categorized into lithium-ion, lead acid, flow battery, sodium-based battery and others. Based on ownership model, the market is categorized into third party-owned and utility-owned. On the basis of application, the market is segmented into renewable integration, peak shifting, ancillary services, backup power and others. Notably, factors like energy efficiency, increased reliability, security and resiliency from microgrid applications are anticipated to propel growth of global grid scale energy storage systems market during forecast period.

Regionally, the market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, North America is anticipated to lead global grid-scale battery market on account of rising demand for renewable energy storage in residential, non-residential as well as utility sectors in the region.

Some of the key players operating in the market include, Benchmarking, LG Chem, Ltd., Samsung SDI Co., Ltd., Panasonic Corporation, Fluence Energy, LLC, Tesla, Inc., BYD Company Limited, ABB Group, General Electric (GE), GS Yuasa Corporation, Toshiba Corporation, Saft Groupe S.A., S&C Electric Company, NGK Insulators Ltd., among others.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global grid scale energy storage systems market.

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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