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Global Grid-Scale Electricity Storage Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 3/1/2023
  • NO OF PAGES
  • 203
  • CATEGORY
  • Energy & Power
Grid-Scale Electricity Storage market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Grid-Scale Electricity Storage market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Grid-Scale Electricity Storage manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Grid-Scale Electricity Storage market covering all its essential aspects.

Global Grid-Scale Electricity Storage Market: Segmentations


Global Grid-Scale Electricity Storage Market: By Types
Lithium-Ion
Lead Acid
Others

Global Grid-Scale Electricity Storage Market: By Applications
Renewable Integration
Ancillary Services
Others

Global Grid-Scale Electricity Storage Market: Major Players
ABB Group
Fluence Energy
LG Chem Ltd.
NGK Insulators Ltd.
BYD Co. Ltd.
Hitachi Ltd.
Mitsubishi Electric Corp.
Samsung SDI Co. Ltd.
Panasonic Corp.
GS Yuasa Corp.
General Electric
Sumitomo Electric Industries, Ltd.

Global Grid-Scale Electricity Storage Market: By Regions
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)


Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Grid-Scale Electricity Storage market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Grid-Scale Electricity Storage would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Grid-Scale Electricity Storage Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Market Overview
1.1 Product Overview and Scope of Grid-Scale Electricity Storage
1.2 Classification of Grid-Scale Electricity Storage by Type
1.2.1 Overview: Global Grid-Scale Electricity Storage Market Size by Type: 2017 Versus 2022 Versus 2032
1.2.2 Global Grid-Scale Electricity Storage Revenue Market Share by Type in 2022
1.2.3 Lithium-Ion
1.2.4 Lead Acid
1.2.5 Others
1.3 Global Grid-Scale Electricity Storage Market by Application
1.3.1 Overview: Global Grid-Scale Electricity Storage Market Size by Application: 2017 Versus 2022 Versus 2032
1.3.2 Renewable Integration
1.3.3 Ancillary Services
1.3.4 Others
1.4 Global Grid-Scale Electricity Storage Market Size & Forecast
1.5 Global Grid-Scale Electricity Storage Market Size and Forecast by Region
1.5.1 Global Grid-Scale Electricity Storage Market Size by Region: 2017 VS 2022 VS 2032
1.5.2 Global Grid-Scale Electricity Storage Market Size by Region, (2016-2021)
1.5.3 North America Grid-Scale Electricity Storage Market Size and Prospect (2017-2032)
1.5.4 Europe Grid-Scale Electricity Storage Market Size and Prospect (2017-2032)
1.5.5 Asia-Pacific Grid-Scale Electricity Storage Market Size and Prospect (2017-2032)
1.5.6 South America Grid-Scale Electricity Storage Market Size and Prospect (2017-2032)
1.5.7 Middle East and Africa Grid-Scale Electricity Storage Market Size and Prospect (2017-2032)
1.6 Market Drivers, Restraints and Trends
1.6.1 Grid-Scale Electricity Storage Market Drivers
1.6.2 Grid-Scale Electricity Storage Market Restraints
1.6.3 Grid-Scale Electricity Storage Trends Analysis
2 Company Profiles
2.1 ABB Group
2.1.1 ABB Group Details
2.1.2 ABB Group Major Business
2.1.3 ABB Group Grid-Scale Electricity Storage Product and Solutions
2.1.4 ABB Group Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.1.5 ABB Group Recent Developments and Future Plans
2.2 Fluence Energy
2.2.1 Fluence Energy Details
2.2.2 Fluence Energy Major Business
2.2.3 Fluence Energy Grid-Scale Electricity Storage Product and Solutions
2.2.4 Fluence Energy Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.2.5 Fluence Energy Recent Developments and Future Plans
2.3 LG Chem Ltd.
2.3.1 LG Chem Ltd. Details
2.3.2 LG Chem Ltd. Major Business
2.3.3 LG Chem Ltd. Grid-Scale Electricity Storage Product and Solutions
2.3.4 LG Chem Ltd. Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.3.5 LG Chem Ltd. Recent Developments and Future Plans
2.4 NGK Insulators Ltd.
2.4.1 NGK Insulators Ltd. Details
2.4.2 NGK Insulators Ltd. Major Business
2.4.3 NGK Insulators Ltd. Grid-Scale Electricity Storage Product and Solutions
2.4.4 NGK Insulators Ltd. Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.4.5 NGK Insulators Ltd. Recent Developments and Future Plans
2.5 BYD Co. Ltd.
2.5.1 BYD Co. Ltd. Details
2.5.2 BYD Co. Ltd. Major Business
2.5.3 BYD Co. Ltd. Grid-Scale Electricity Storage Product and Solutions
2.5.4 BYD Co. Ltd. Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.5.5 BYD Co. Ltd. Recent Developments and Future Plans
2.6 Hitachi Ltd.
2.6.1 Hitachi Ltd. Details
2.6.2 Hitachi Ltd. Major Business
2.6.3 Hitachi Ltd. Grid-Scale Electricity Storage Product and Solutions
2.6.4 Hitachi Ltd. Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.6.5 Hitachi Ltd. Recent Developments and Future Plans
2.7 Mitsubishi Electric Corp.
2.7.1 Mitsubishi Electric Corp. Details
2.7.2 Mitsubishi Electric Corp. Major Business
2.7.3 Mitsubishi Electric Corp. Grid-Scale Electricity Storage Product and Solutions
2.7.4 Mitsubishi Electric Corp. Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.7.5 Mitsubishi Electric Corp. Recent Developments and Future Plans
2.8 Samsung SDI Co. Ltd.
2.8.1 Samsung SDI Co. Ltd. Details
2.8.2 Samsung SDI Co. Ltd. Major Business
2.8.3 Samsung SDI Co. Ltd. Grid-Scale Electricity Storage Product and Solutions
2.8.4 Samsung SDI Co. Ltd. Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.8.5 Samsung SDI Co. Ltd. Recent Developments and Future Plans
2.9 Panasonic Corp.
2.9.1 Panasonic Corp. Details
2.9.2 Panasonic Corp. Major Business
2.9.3 Panasonic Corp. Grid-Scale Electricity Storage Product and Solutions
2.9.4 Panasonic Corp. Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.9.5 Panasonic Corp. Recent Developments and Future Plans
2.10 GS Yuasa Corp.
2.10.1 GS Yuasa Corp. Details
2.10.2 GS Yuasa Corp. Major Business
2.10.3 GS Yuasa Corp. Grid-Scale Electricity Storage Product and Solutions
2.10.4 GS Yuasa Corp. Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.10.5 GS Yuasa Corp. Recent Developments and Future Plans
2.11 General Electric
2.11.1 General Electric Details
2.11.2 General Electric Major Business
2.11.3 General Electric Grid-Scale Electricity Storage Product and Solutions
2.11.4 General Electric Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.11.5 General Electric Recent Developments and Future Plans
2.12 Sumitomo Electric Industries, Ltd.
2.12.1 Sumitomo Electric Industries, Ltd. Details
2.12.2 Sumitomo Electric Industries, Ltd. Major Business
2.12.3 Sumitomo Electric Industries, Ltd. Grid-Scale Electricity Storage Product and Solutions
2.12.4 Sumitomo Electric Industries, Ltd. Grid-Scale Electricity Storage Revenue, Gross Margin and Market Share (2017-2022)
2.12.5 Sumitomo Electric Industries, Ltd. Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Grid-Scale Electricity Storage Revenue and Share by Players (2017-2022)
3.2 Market Concentration Rate
3.2.1 Top 3 Grid-Scale Electricity Storage Players Market Share
3.2.2 Top 10 Grid-Scale Electricity Storage Players Market Share
3.2.3 Market Competition Trend
3.3 Grid-Scale Electricity Storage Players Head Office, Products and Services Provided
3.4 Mergers & Acquisitions
3.5 New Entrants and Expansion Plans
4 Market Size Segment by Type
4.1 Global Grid-Scale Electricity Storage Revenue and Market Share by Type (2016-2021)
4.2 Global Grid-Scale Electricity Storage Market Forecast by Type (2021-2026)
5 Market Size Segment by Application
5.1 Global Grid-Scale Electricity Storage Revenue Market Share by Application (2016-2021)
5.2 Grid-Scale Electricity Storage Market Forecast by Application (2021-2026)
6 North America by Country, by Type, and by Application
6.1 North America Grid-Scale Electricity Storage Revenue by Type (2017-2032)
6.2 North America Grid-Scale Electricity Storage Revenue by Application (2017-2032)
6.3 North America Grid-Scale Electricity Storage Market Size by Country
6.3.1 North America Grid-Scale Electricity Storage Revenue by Country (2017-2032)
6.3.2 United States Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
6.3.3 Canada Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
6.3.4 Mexico Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
7 Europe by Country, by Type, and by Application
7.1 Europe Grid-Scale Electricity Storage Revenue by Type (2017-2032)
7.2 Europe Grid-Scale Electricity Storage Revenue by Application (2017-2032)
7.3 Europe Grid-Scale Electricity Storage Market Size by Country
7.3.1 Europe Grid-Scale Electricity Storage Revenue by Country (2017-2032)
7.3.2 Germany Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
7.3.3 France Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
7.3.4 United Kingdom Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
7.3.5 Russia Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
7.3.6 Italy Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
8 Asia-Pacific by Region, by Type, and by Application
8.1 Asia-Pacific Grid-Scale Electricity Storage Revenue by Type (2017-2032)
8.2 Asia-Pacific Grid-Scale Electricity Storage Revenue by Application (2017-2032)
8.3 Asia-Pacific Grid-Scale Electricity Storage Market Size by Region
8.3.1 Asia-Pacific Grid-Scale Electricity Storage Revenue by Region (2017-2032)
8.3.2 China Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
8.3.3 Japan Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
8.3.4 South Korea Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
8.3.5 India Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
8.3.6 Southeast Asia Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
8.3.7 Australia Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
9 South America by Country, by Type, and by Application
9.1 South America Grid-Scale Electricity Storage Revenue by Type (2017-2032)
9.2 South America Grid-Scale Electricity Storage Revenue by Application (2017-2032)
9.3 South America Grid-Scale Electricity Storage Market Size by Country
9.3.1 South America Grid-Scale Electricity Storage Revenue by Country (2017-2032)
9.3.2 Brazil Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
9.3.3 Argentina Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
10 Middle East & Africa by Country, by Type, and by Application
10.1 Middle East & Africa Grid-Scale Electricity Storage Revenue by Type (2017-2032)
10.2 Middle East & Africa Grid-Scale Electricity Storage Revenue by Application (2017-2032)
10.3 Middle East & Africa Grid-Scale Electricity Storage Market Size by Country
10.3.1 Middle East & Africa Grid-Scale Electricity Storage Revenue by Country (2017-2032)
10.3.2 Turkey Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
10.3.3 Saudi Arabia Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
10.3.4 UAE Grid-Scale Electricity Storage Market Size and Forecast (2017-2032)
11 Research Findings and Conclusion
12 Appendix
12.1 Methodology
12.2 Research Process and Data Source
12.3 Disclaimer

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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