Some of the major stationary battery storage market participants are Siemens AG, Furukawa Battery, Enersys, Hitachi Chemical, Tesla, GS Yuasa International, Toshiba Corporation, and Samsung SDI amongst others.
Selbyville, De, Feb. 25, 2021 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on the stationary battery storage market which estimates the market valuation for stationary battery storage will cross US$ 140 billion by 2030. Introduction of favorable regulatory framework pertaining to the rising carbon emissions will upsurge the market growth over the forecast timeline.
Stationary storage battery market from flow batteries is set to witness a significant growth on account of its long cycle life and flexible layout. Minimal emissions, absence of flammable electrolytes and quick response times are some of the imperative factors fueling the adoption of flow batteries over other market alternatives. Increasing efforts toward the development of distributed energy generation sources will positively proliferate the business outlook. Moreover, the introduction of favorable regulations and policies promoting the adoption of sustainable energy sources will further stimulate the industry growth over the forecast timeline.
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Rising investments toward rural electrification coupled with growing penetration of renewable energy sources including wind and solar systems will enhance the market growth from off grid services. In addition, the limited availability of electrical infrastructure will proliferate the business landscape of stationary storage batteries. Growing governmental initiatives toward enhancing the standard of living for the rural population will further boost the technology adoption during the forecast timeline.
North America stationary battery storage market will witness substantial growth on account of growing demand for a reliable and stable power supply coupled with developing energy storage systems. Rising need for the refurbishment of existing and new grid network along with integration of sustainable energy technologies will foster the industry growth. In addition, exponential growth in demand for electricity along with ongoing infrastructure investments will further embellish the business scenario over the forecast timeframe.
Few major findings of the stationary battery storage market report include:
Rising consumer awareness toward energy security along with growing frequency of power outages to fuel the adoption of these systems.
High shelf life, declining technology costs and high energy density are few of the paramount factors influencing the stationary battery storage market growth.
Soaring demand for large scale renewable energy storage systems coupled with the integration of digital monitoring solutions will escalate the industry growth over the forecast timeline.
Formulation of favorable regulatory policies to stimulate the installation of stationary battery storage systems.
Better financing conditions, reduced capex and enhanced performance will significantly escalate the technology demand.
Key players operating across the stationary battery storage market include, Toshiba Corporation, Tesla, Inc., GS Yuasa International Ltd., Samsung SDI Co., Ltd amongst others.
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Chapter 2 Executive Summary
2.1 Stationary battery storage market 360⁰ synopsis, 2017 – 2030
2.1.1 Business trends
2.1.2 Battery trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Stationary Battery Storage Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.3 Innovation & Sustainability
3.3.2 Mutlu Battery
3.3.4 LG Chem
3.3.6 Exide Technologies
3.3.7 Samsung SDI Co., Ltd.
3.3.8 Panasonic Corporation
3.4 Regulatory Landscape
18.104.22.168 EU Battery Directive
22.214.171.124 Secondary European Legislation on Batteries:
126.96.36.199 The Batteries and Accumulators Regulations 2008
188.8.131.52 The Waste Batteries and Accumulators Regulations 2009
184.108.40.206 Northern Ireland
220.127.116.11 Codes and Standards for Energy Storage Systems
18.104.22.168 Electronic Code of Federal Regulations
22.214.171.124 DOE VTO Advanced Battery R&D Program
126.96.36.199 Mercury-Containing and Rechargeable Battery Management Act of 1996
188.8.131.52 China RoHS Directive
184.108.40.206 Guiding Opinions on Promoting Energy Storage Technology and Industry Development (Guiding Opinions)
220.127.116.11 Announcement on Promoting Electrical Storage Participation in Ancillary Service in the ‘Three Norths’ Region
18.104.22.168 China battery GB standards
22.214.171.124 JISC Standards
126.96.36.199 DENAN Law
3.4.7 International Battery Standards and Testing
188.8.131.52 General Battery Standards
184.108.40.206 Safety Standards
220.127.116.11 Quality Standards
3.5 Customer requirement
3.6 Customer group requirement
3.7 Entry barriers
3.8 COVID – 19 impact on the overall industry outlook, 2020 - 2030
3.8.1 Optimistic view
3.8.2 Realistic view
3.8.3 Pessimistic view
3.9 Industry impact forces
3.9.1 Growth drivers
18.104.22.168 Favourable regulatory framework
22.214.171.124 Growth in the renewable energy sector
126.96.36.199 Decline in battery costs
188.8.131.52 Electrification of transportation sector
184.108.40.206 Longer shelf life & high energy density
3.9.2 Industry pitfalls and challenges
220.127.116.11 Safety concerns
3.10 Porter’s analysis
3.11 TCO analysis between VRLA and Lithium ion batteries
3.11.1 Battery Attributes
3.11.3 Capital Expense
3.11.4 Operational Expense
3.11.5 TCO Calculation
3.12 Average Project size
3.13 Installed Cumulative Renewable Capacity (MW)
3.14 Comparison of key battery technologies
3.15 Growth potential analysis
3.16 Price trend analysis
3.16.1 Prince trend, by battery
3.17 Leading industry players
3.17.1 Global players
3.17.2 North America
3.17.4 Asia Pacific
3.17.5 Middle East & Africa
3.17.6 Latin America
3.18 Competitive landscape, 2020
3.18.1 Strategy dashboard
18.104.22.168 GS Yuasa Corporation
22.214.171.124 Samsung SDI
126.96.36.199 LG Chem
188.8.131.52 Johnson Controls
184.108.40.206 Hitachi Chemical Co., Ltd.
220.127.116.11 Hoppecke Batteries, Inc.
18.104.22.168 Exide Technologies
3.19 PESTEL Analysis
About Global Market Insights
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