Global Stationary Battery Storage Market Growth Opportunities, Driving Factors by Manufacturers, Regions, Type & Application, Forecast to 2030
This global Stationary Battery Storage market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Stationary Battery Storage Market is predicted to surpass USD 35 billion by 2030. Increasing adoption of storage systems with higher power capacity along with growing investments to integrate sustainable energy technologies will amplify the business growth. Regulatory measures to reinforce the grid network will further complement the industry landscape. In 2017, International Finance Corporation, in India allocated USD 1.2 Billion toward the development of renewable technologies.
Advancement in the designing of wireless technologies along with development of communication network will expand the stationary battery storage Market. Unavailability of effective monitoring units across the emerging economies coupled with recurrent power failures & outages will augment the business growth. Moreover, rapid technological enhancements for the advancement of distributed generation technology will stimulate the adoption of product.
Continuous investments for the development of grid network along with rising consumption of electricity owing to propelling industrial and commercial segment will embellish the Japan stationary battery storage market growth. Furthermore, growing concerns relating to the supply security will drive the product adoption.
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In 2017, flow battery held over 3.5% share in the global stationary battery storage market. Growing investments for the integration of renewable grid infrastructure along with ongoing innovations to develop cost-effective and efficient storage solutions will enhance the industry outlook. Higher efficiency and longer shelf life are some of the features which will further boost the product penetration.
U.S. stationary battery storage market will expand owing to the increasing investments toward the restoration of existing electrical infrastructure along with growing deployment of advance support systems. Increasing power consumption coupled with growing need for reliable and continuous supply of electricity will further enhance the business growth. For instance, China announced investment of USD 800 billion in the U.S. energy infrastructure industry in 2017.
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High voltage capacity along with high gravimetric and volumetric densities are some of the key parameters which will propel the stationary battery storage Market. The Multidisciplinary Digital Publishing Institute (MDPI) in 2017, stated the energy density of lithium-ion battery varying from 110 – 160 Wh/Kg as compared to the lead acid, NiCd and NiMH, batteries. Furthermore, the reduction in the battery cost owing to economy of scale and efficient manufacturing coupled with availability of low cost raw material will complement the industry outlook.
Eminent leaders in the stationary battery storage market include ACDelco, Exide Technologies, Durapower, Tesla, Hitachi Maxell, LG Chem Johnson Controls, A123 systems, Hitachi Chemical, GS Yuasa Duracell, BYD co, Hitachi Chemical, Uniper, Panasonic, Roofer Technology, Toshiba, Valence Technology and Samsung SDI.
Table of Content:
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
220.127.116.11 Paid sources
18.104.22.168 Public sources
Chapter 2 Executive Summary
2.1 Stationary Battery Storage industry 360 degree synopsis, 2013 – 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 landscape, 2013 – 2030
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Regulatory Landscape
22.214.171.124 EU Battery Directive
126.96.36.199 Secondary European Legislation on Batteries:
188.8.131.52 The Batteries and Accumulators Regulations 2008
184.108.40.206 The Waste Batteries and Accumulators Regulations 2009
220.127.116.11 Northern Ireland
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 JISC Standards
220.127.116.11 DENAN Law
3.4.7 International Battery Standards and Testing
18.104.22.168 General Battery Standards
22.214.171.124 Safety Standards
126.96.36.199 Quality Standards
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