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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Grid-Scale Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Grid-Scale Battery Historical Market (2018-2023)
8.3 Global Grid-Scale Battery Market Forecast (2024-2032)
8.4 Global Grid-Scale Battery Market by Type
8.4.1 Lithium-Ion Battery
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Lead Acid Battery
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Flow Battery
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Sodium-Ion Battery
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Zinc Hybrid
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Grid-Scale Battery Market by Ownership
8.5.1 Third-Party Owned
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Utility Owned
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Grid-Scale Battery Market by Application
8.6.1 Renewables
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Peak Shifting
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Ancillary Services
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Backup Power
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Grid-Scale Battery Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Grid-Scale Battery Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Grid- Scale Battery Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Grid-Scale Battery Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Grid-Scale Battery Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Grid-Scale Battery Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ABB Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hitachi Energy Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Sumitomo Electric Industries, Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 LG Energy Solution
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Leclanche SA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Grid-Scale Battery Market: Key Industry Highlights, 2018 and 2032
2. Global Grid-Scale Battery Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Grid-Scale Battery Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Grid-Scale Battery Historical Market: Breakup by Ownership (USD Billion), 2018-2023
5. Global Grid-Scale Battery Market Forecast: Breakup by Ownership (USD Billion), 2024-2032
6. Global Grid-Scale Battery Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Grid-Scale Battery Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Grid-Scale Battery Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Grid-Scale Battery Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Grid-Scale Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Grid-Scale Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Grid-Scale Battery Market Structure.
In 2023, the market attained a value of over USD 2.42 billion.
The market is assessed to grow at a CAGR of 33.10% between 2024 and 2032.
The major market drivers include the cost-effectiveness of lithium-ion batteries, various initiatives taken by the market players to improve the manufacturing capacity of lithium-ion batteries, exceptional characteristics of lithium-ion batteries, and rising environmental consciousness.
The key market trends guiding the growth of the market include the rising dependency on renewable energy sources, the development of affordable batteries, and advancements in battery technologies.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
With the development of durable and cost-effective grid-scale batteries, the increasing investments in renewable energy, and technological advancements and innovations, the demand for grid-scale batteries is expected to surge.
The significant types of grid-scale battery include lithium-ion battery, lead acid battery, flow battery, sodium-ion battery, and zinc hybrid, among others.
The major market segments, based on ownership, include third-party owned and utility owned.
The different applications of grid-scale battery include renewables, peak shifting, ancillary services, and backup power, among others.
The major players in the market are ABB Ltd., Hitachi Energy Ltd., Sumitomo Electric Industries, Ltd., LG Energy Solution, and Leclanche SA, among others.
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