MarkWide Research

Sale!

Lithium-ion Stationary Battery Storage Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

Industry Drivers

Lithium-ion Stationary Battery Storage Market size valued at USD 33 billion in 2021 and is projected to expand at over 21% CAGR from 2022 to 2032. Rising emphasis on mitigating greenhouse gas emissions will spur the product demand.

The shifting focus toward the adoption of sustainable energy to curb greenhouse gas emissions is becoming a prominent trend, especially in developing economies. Various programs to support low-carbon energy generation through the deployment of advanced technologies have been introduced. For instance, in January 2022, Canada launched applications for a USD 200 million funding through the Champions stream of the Low Carbon Economy Fund, to support pollution-reduction initiatives in the country. Projects such as these will escalate the adoption of lithium-ion battery storage systems for efficient renewable energy storage applications, thereby driving industry growth.

Concerns regarding product overheating may hamper market outlook

The stationary lithium-ion battery is susceptible to overheating and damage at high voltages, which may inhibit industry progress to certain extent in the coming years. This type of battery can also easily ignite, leading to issues in containing the resultant fire. To limit internal voltage and pressure, the battery also requires safety mechanisms, which causes increased weight and limited performance. These factors, alongside the rising product overheating concern, may create a hindrance to the lithium-ion stationary battery storage market development during the forecast timeframe.

The NMC chemistry segment is poised to exhibit a growth rate of around 16% through 2032 driven by increasing acceptance of NMC (nickel manganese cobalt) batteries in solar plus storage deployments. The growing popularity of this product can also be credited to the broad array of benefits associated with it including high efficiency, sustainability, and limited maintenance.

Strong focus on GHG emission reduction from the grid services segment

The grid services application segment in the lithium-ion stationary battery storage market registered revenue of over USD 19 billion in 2021, owing to rapid industrialization and urbanization. The strong focus on the mitigation of greenhouse gas emissions has also proliferated the use of low-carbon power grid systems in recent years.

Furthermore, the rise in deployment of small grids integrating renewable technologies will amplify the demand for stationary energy storage systems including lithium-ion batteries from the grid services segment.

Europe to emerge as a key manufacturing hub for industry players

European lithium-ion stationary battery storage market size is predicted to witness above 16% gains by 2032 due to the growing preference for clean energy alternatives and favorable reforms on maintaining energy efficiency. Energy companies have also been making investments to support clean energy adoption.

For instance, TotalEnergies, an energy company, planned to expand Frances commitment to energy storage systems through the introduction of a 61-MW BESS (battery energy storage system) and two more storage systems. Initiatives such as these will enhance the popularity of stationary Li-ion battery storage in the region.

Business expansion strategies to define the industry landscape

Top participants operating in the lithium-ion stationary battery storage market are Johnson Controls, Panasonic Corporation, Leclanché SA, Hitachi Energy Ltd., LG Chem, Exide Technologies, Toshiba Corporation, GS Yuasa International Ltd, Siemens Energy, Tesla, BYD Company Ltd., SK Innovation Co Ltd, VARTA AG. These leaders are focusing on business expansions to strengthen their footprint in the global market.

Impact of COVID-19 on the industry trends

Despite the rising acceptance of renewables, the COVID-19 outbreak has slowed progress toward sustainable energy goals. According to a report by the International Energy Agency, while early 2021 estimates suggested a return to pre-pandemic levels, the average improvement rate is expected to achieve only 2.3% per year during the 2020s.

However, renewable power capacity additions reached a record level in 2021, minimizing the pandemic-induced disruptions to supply chains and economic activity. These factors may drive the demand for Li-ion stationary battery storage devices over the forecast timeline, aiding in industry recovery.

The lithium-ion stationary battery storage market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2018 to 2032, for the following segments:

Market Insights, By Chemistry

  • LFP
  • NMC
  • Others

Market Insights, By Application

  • Grid Services
    • Frequency Regulation
    • Flexible Ramping
    • Black Start Services
    • Reduced RE Curtailment
    • Energy Shifting & Capacity Deferral
    • Reduced Reliance on Diesel Gensets
    • T&D Congestion Relief
    • Capacity Firming
  • Behind the Meter
    • Electricity Consumers
    • System Operation
    • Mini Grids
  • Off Grid

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Spain
    • Italy
    • Russia
    • Romania
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • Middle East & Africa
    • UAE
    • South Africa
    • Saudi Arabia
  • Latin America
    • Brazil
    • Mexico

Report Content

Chapter 1   Methodology & Scope

1.1    Methodology

1.2    Market definitions

1.3    Market estimates and forecast parameters

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    Lithium-ion stationary battery storage industry 3600 synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Chemistry trends

2.1.3    Application trends

2.1.4    Regional trends

Chapter 3   Lithium-Ion Stationary Battery Storage Industry Insights

3.1    Industry ecosystem analysis

3.1.1    Vendor Matrix

3.2    Innovation & technology landscape

3.2.1    Johnson Controls

3.2.2    LG Energy Solution

3.2.3    Tesla

3.2.4    BYD Co. Ltd.

3.2.5    Toshiba Corporation

3.2.6    Panasonic Corporation

3.2.7    Hitachi Chemical Co., Ltd

3.2.8    Other innovations

3.3    Regulatory landscape

3.3.1    International Battery Standards and Testing

3.3.1.1    General Battery Standards

3.3.1.2    Safety Standards

3.3.1.3    Quality Standards

3.3.2    U.S.

3.3.2.1    Codes and Standards for Energy Storage Systems

3.3.2.2    Electronic Code of Federal Regulations

3.3.2.3    DOE VTO Advanced Battery R&D Program

3.3.2.4    Mercury-Containing and Rechargeable Battery Management Act of 1996

3.3.3    Europe

3.3.3.1    EU Battery directive

3.3.3.1.1    The new EU Battery regulation

3.3.3.1.2    Standard by the association of European Automotive and Industrial Battery Manufacturers

3.3.3.1.3    Secondary European Legislation on Batteries:

3.3.3.1.4    Testing of Batteries: TÜV SÜD (member of the German Energy Storage Association (BVES)

3.3.3.2    The Waste Batteries and Accumulators Regulations 2009

3.3.3.2.1    Northern Ireland

3.3.3.2.2    Scotland

3.3.4    China

3.3.4.1    China RoHS Directive

3.3.4.2    Guiding Opinions on Promoting Energy Storage Technology and Industry Development (Guiding Opinions)

3.3.4.3    Announcement on Promoting Electrical Storage Participation in Ancillary Service in the ‘Three Norths’ Region

3.3.4.4    China battery GB standards

3.3.5    Japan

3.3.5.1    JISC Standards

3.3.5.2    DENAN Law

3.4    COVID- 19 impact on the industry outlook

3.4.1    Top 10 countries impacted by COVID- 19

3.5    Qualitative analysis of battery energy storage systems across residential & transportation sector

3.6    Capital cost analysis, by chemistry

3.6.1    Lithium iron phosphate (LFP)

3.6.2    Nickel manganese cobalt (NMC)

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1    Favourable regulatory framework

3.7.1.2    Positive outlook toward renewable energy sector

3.7.1.3    Decline in battery costs

3.7.2    Industry pitfalls and challenges

3.7.2.1    Overheating of lithium-ion batteries

3.8    Growth potential analysis

3.9    Porter’s Analysis

3.9.1    Bargaining power of supplier

3.9.2    Bargaining power of buyer

3.9.3    Threat of new entrant

3.9.4    Threat of substitutes

3.10    Competitive landscape, 2022

3.10.1    Strategy dashboard

3.10.1.1    Tesla

3.10.1.1.1    Contracts

3.10.1.2    BYD Co., Ltd.

3.10.1.2.1    Business Expansion

3.10.1.2.2    Strategic collaboration

3.10.1.2.3    Product launch

3.10.1.3    Leclanché SA

3.10.1.3.1    Product launch

3.10.1.4    Toshiba Corporation

3.10.1.5    Contemporary Amperex Technology Ltd. (CATL)

3.10.1.5.1    Strategic agreement

3.10.1.6    SK innovation Co., Ltd.

3.10.1.6.1    Business Division

3.10.1.7    LG Energy Solution

3.10.1.7.1    Product launch

3.10.1.8    Varta AG

3.10.1.8.1    Production expansion

3.10.1.9    Kokam

3.10.1.9.1    Acquisition

3.11    PESTEL Analysis

Chapter 4   Lithium-Ion Stationary Battery Storage Market, By Chemistry

4.1    Lithium-ion stationary battery storage market share by chemistry, 2021 & 2032

4.2    LFP

4.2.1    Global market from LFP, 2018 – 2032

4.2.2    Global market from LFP, by region, 2018 – 2032

4.3    NMC

4.3.1    Global market from NMC, 2018 – 2032

4.3.2    Global market from NMC, by region, 2018 – 2032

4.4    Others

4.4.1    Global market from others, 2018 – 2032

4.4.2    Global market from others, by region, 2018 – 2032

Chapter 5   Lithium-Ion Stationary Battery Storage Market, By Application

5.1    Lithium-ion stationary battery storage market share by application, 2021 & 2032

5.2    Grid services

5.2.1    Global market from grid services, 2018 – 2032

5.2.2    Global market from grid services, by region, 2018 – 2032

5.2.3    Frequency regulation

5.2.3.1    Global market from frequency regulation, 2018 – 2032

5.2.3.2    Global market from frequency regulation, by region, 2018 – 2032

5.2.4    Flexible ramping

5.2.4.1    Global market from flexible ramping, 2018 – 2032

5.2.4.2    Global market from flexible ramping, by region, 2018 – 2032

5.2.5    Black start services

5.2.5.1    Global market from black start services, 2018 – 2032

5.2.5.2    Global market from black start services, by region, 2018 – 2032

5.2.6    Energy shifting & capacity deferral

5.2.6.1    Global market from energy shifting & capacity deferral, 2018 – 2032

5.2.6.2    Global market from energy shifting & capacity deferral, by region, 2018 – 2032

5.2.7    Transmission & distribution congestion relief

5.2.7.1    Global market from transmission & distribution congestion relief, 2018 – 2032

5.2.7.2    Global market from transmission & distribution congestion relief, by region, 2018 – 2032

5.2.8    Capacity firming

5.2.8.1    Global market from capacity firming, 2018 – 2032

5.2.8.2    Global market from capacity firming, by region, 2018 – 2032

5.2.9    Reduced RE curtailment

5.2.9.1    Global market from reduced RE curtailment, 2018 – 2032

5.2.9.2    Global market from reduced RE curtailment, by region, 2018 – 2032

5.2.10    Reduced reliance on diesel gensets

5.2.10.1    Global market from reduced reliance on diesel gensets, 2018 – 2032

5.2.10.2    Global market from reduced reliance on diesel gensets, by region, 2018 – 2032

5.3    Behind the meter

5.3.1    Global market from behind the meter, 2018 – 2032

5.3.2    Global market from behind the meter, by region, 2018 – 2032

5.3.3    Frequency regulation

5.3.3.1    Global market from frequency regulation, 2018 – 2032

5.3.3.2    Global market from frequency regulation, by region, 2018 – 2032

5.3.4    System operations

5.3.4.1    Global market from system operations, 2018 – 2032

5.3.4.2    Global market from system operations, by region, 2018 – 2032

5.3.5    Mini grids

5.3.5.1    Global market from mini grids, 2018 – 2032

5.3.5.2    Global market from mini grids, by region, 2018 – 2032

5.4    Off grid

5.4.1    Global market from off grid, 2018 – 2032

5.4.2    Global market from off grid, by region, 2018 – 2032

Chapter 6   Lithium-Ion Stationary Battery Storage Market, By Region

6.1    Lithium-ion stationary battery storage market share by region, 2021 & 2032

6.2    North America

6.2.1    North America market, 2018 – 2032

6.2.2    North America market by chemistry, 2018 – 2032

6.2.3    North America market by application, 2018 – 2032

6.2.3.1    North America market by grid services, 2018 – 2032

6.2.3.2    North America market by behind the meter, 2018 – 2032

6.2.4    U.S.

6.2.4.1    U.S. market, 2018 – 2032

6.2.4.2    U.S. market by chemistry, 2018 – 2032

6.2.4.3    U.S. market by application, 2018 – 2032

6.2.4.3.1    U.S. market by grid services, 2018 – 2032

6.2.4.3.2    U.S. market by behind the meter, 2018 – 2032

6.2.5    Canada

6.2.5.1    Canada market, 2018 – 2032

6.2.5.2    Canada market by chemistry, 2018 – 2032

6.2.5.3    Canada market by application, 2018 – 2032

6.2.5.3.1    Canada market by grid services, 2018 – 2032

6.2.5.3.2    Canada market by behind the meter, 2018 – 2032

6.3    Europe

6.3.1    Europe market, 2018 – 2032

6.3.2    Europe market by chemistry, 2018 – 2032

6.3.3    Europe market by application, 2018 – 2032

6.3.3.1    Europe market by grid services, 2018 – 2032

6.3.3.2    Europe market by behind the meter, 2018 – 2032

6.3.4    UK

6.3.4.1    UK market, 2018 – 2032

6.3.4.2    UK market by chemistry, 2018 – 2032

6.3.4.3    UK market by application, 2018 – 2032

6.3.4.3.1    UK market by grid services, 2018 – 2032

6.3.4.3.2    UK market by behind the meter, 2018 – 2032

6.3.5    Germany

6.3.5.1    Germany market, 2018 – 2032

6.3.5.2    Germany market by chemistry, 2018 – 2032

6.3.5.3    Germany market by application, 2018 – 2032

6.3.5.3.1    Germany market by grid services, 2018 – 2032

6.3.5.3.2    Germany market by behind the meter, 2018 – 2032

6.3.6    France

6.3.6.1    France market, 2018 – 2032

6.3.6.2    France market by chemistry, 2018 – 2032

6.3.6.3    France market by application, 2018 – 2032

6.3.6.3.1    France market by grid services, 2018 – 2032

6.3.6.3.2    France market by behind the meter, 2018 – 2032

6.3.7    Spain

6.3.7.1    Spain market, 2018 – 2032

6.3.7.2    Spain market by chemistry, 2018 – 2032

6.3.7.3    Spain market by application, 2018 – 2032

6.3.7.3.1    Spain market by grid services, 2018 – 2032

6.3.7.3.2    Spain market by behind the meter, 2018 – 2032

6.3.8    Italy

6.3.8.1    Italy market, 2018 – 2032

6.3.8.2    Italy market by chemistry, 2018 – 2032

6.3.8.3    Italy market by application, 2018 – 2032

6.3.8.3.1    Italy market by grid services, 2018 – 2032

6.3.8.3.2    Italy market by behind the meter, 2018 – 2032

6.3.9    Russia

6.3.9.1    Russia market, 2018 – 2032

6.3.9.2    Russia market by chemistry, 2018 – 2032

6.3.9.3    Russia market by application, 2018 – 2032

6.3.9.3.1    Russia market by grid services, 2018 – 2032

6.3.9.3.2    Russia market by behind the meter, 2018 – 2032

6.3.10    Romania

6.3.10.1    Romania market, 2018 – 2032

6.3.10.2    Romania market by chemistry, 2018 – 2032

6.3.10.3    Romania market by application, 2018 – 2032

6.3.10.3.1    Romania market by grid services, 2018 – 2032

6.3.10.3.2    Romania market by behind the meter, 2018 – 2032

6.4    Asia Pacific

6.4.1    Asia Pacific market, 2018 – 2032

6.4.2    Asia Pacific market by chemistry, 2018 – 2032

6.4.3    Asia Pacific market by application, 2018 – 2032

6.4.3.1    Asia Pacific market by grid services, 2018 – 2032

6.4.3.2    Asia Pacific market by behind the meter, 2018 – 2032

6.4.4    China

6.4.4.1    China market, 2018 – 2032

6.4.4.2    China market by chemistry, 2018 – 2032

6.4.4.3    China market by application, 2018 – 2032

6.4.4.3.1    China market by grid services, 2018 – 2032

6.4.4.3.2    China market by behind the meter, 2018 – 2032

6.4.5    Japan

6.4.5.1    Japan market, 2018 – 2032

6.4.5.2    Japan market by chemistry, 2018 – 2032

6.4.5.3    Japan market by application, 2018 – 2032

6.4.5.3.1    Japan market by grid services, 2018 – 2032

6.4.5.3.2    Japan market by behind the meter, 2018 – 2032

6.4.6    South Korea

6.4.6.1    South Korea market, 2018 – 2032

6.4.6.2    South Korea market by chemistry, 2018 – 2032

6.4.6.3    South Korea market by application, 2018 – 2032

6.4.6.3.1    South Korea market by grid services, 2018 – 2032

6.4.6.3.2    South Korea market by behind the meter, 2018 – 2032

6.4.7    India

6.4.7.1    India market, 2018 – 2032

6.4.7.2    India market by chemistry, 2018 – 2032

6.4.7.3    India market by application, 2018 – 2032

6.4.7.3.1    India market by grid services, 2018 – 2032

6.4.7.3.2    India market by behind the meter, 2018 – 2032

6.4.8    Australia

6.4.8.1    Australia market, 2018 – 2032

6.4.8.2    Australia market by chemistry, 2018 – 2032

6.4.8.3    Australia market by application, 2018 – 2032

6.4.8.3.1    Australia market by grid services, 2018 – 2032

6.4.8.3.2    Australia market by behind the meter, 2018 – 2032

6.5    Middle East & Africa

6.5.1    Middle East & Africa market, 2018 – 2032

6.5.2    Middle East & Africa market by chemistry, 2018 – 2032

6.5.3    Middle East & Africa market by application, 2018 – 2032

6.5.3.1    Middle East & Africa market by grid services, 2018 – 2032

6.5.3.2    Middle East & Africa market by behind the meter, 2018 – 2032

6.5.4    UAE

6.5.4.1    UAE market, 2018 – 2032

6.5.4.2    UAE market by chemistry, 2018 – 2032

6.5.4.3    UAE market by application, 2018 – 2032

6.5.4.3.1    UAE market by grid services, 2018 – 2032

6.5.4.3.2    UAE market by behind the meter, 2018 – 2032

6.5.5    South Africa

6.5.5.1    South Africa market, 2018 – 2032

6.5.5.2    South Africa market by chemistry, 2018 – 2032

6.5.5.3    South Africa market by application, 2018 – 2032

6.5.5.3.1    South Africa market by grid services, 2018 – 2032

6.5.5.3.2    South Africa market by behind the meter, 2018 – 2032

6.5.6    Saudi Arabia

6.5.6.1    Saudi Arabia market, 2018 – 2032

6.5.6.2    Saudi Arabia market by chemistry, 2018 – 2032

6.5.6.3    Saudi Arabia market by application, 2018 – 2032

6.5.6.3.1    Saudi Arabia market by grid services, 2018 – 2032

6.5.6.3.2    Saudi Arabia market by behind the meter, 2018 – 2032

6.6    Latin America

6.6.1    Latin America market, 2018 – 2032

6.6.2    Latin America market by chemistry, 2018 – 2032

6.6.3    Latin America market by application, 2018 – 2032

6.6.3.1    Latin America market by grid services, 2018 – 2032

6.6.3.2    Latin America market by behind the meter, 2018 – 2032

6.6.4    Mexico

6.6.4.1    Mexico market, 2018 – 2032

6.6.4.2    Mexico market by chemistry, 2018 – 2032

6.6.4.3    Mexico market by application, 2018 – 2032

6.6.4.3.1    Mexico market by grid services, 2018 – 2032

6.6.4.3.2    Mexico market by behind the meter, 2018 – 2032

6.6.5    Brazil

6.6.5.1    Brazil market, 2018 – 2032

6.6.5.2    Brazil market by chemistry, 2018 – 2032

6.6.5.3    Brazil market by application, 2018 – 2032

6.6.5.3.1    Brazil market by grid services, 2018 – 2032

6.6.5.3.2    Brazil market by behind the meter, 2018 – 2032

Chapter 7   Company Profiles

7.1    Johnson Controls

7.1.1    Business Overview

7.1.2    Financial Data

7.1.3    Product Landscape

7.1.4    Strategic Outlook

7.1.5    SWOT Analysis

7.2    Panasonic Corporation

7.2.1    Business Overview

7.2.2    Financial Data

7.2.3    Product Landscape

7.2.4    Strategic Outlook

7.2.5    SWOT Analysis

7.3    Tesla

7.3.1    Business Overview

7.3.2    Financial Data

7.3.3    Product Landscape

7.3.4    Strategic Outlook

7.3.5    SWOT Analysis

7.4    Toshiba Corporation

7.4.1    Business Overview

7.4.2    Financial Data

7.4.3    Product Landscape

7.4.4    Strategic Outlook

7.4.5    SWOT Analysis

7.5    SAMSUNG SDI CO., LTD.

7.5.1    Business Overview

7.5.2    Financial Data

7.5.3    Product Landscape

7.5.4    SWOT Analysis

7.6    Koninklijke Philips N.V.

7.6.1    Business Overview

7.6.2    Financial Data

7.6.3    Product Landscape

7.6.4    SWOT Analysis

7.7    Hitachi Energy Ltd.

7.7.1    Business Overview

7.7.2    Financial Data

7.7.3    Product Landscape

7.7.4    SWOT Analysis

7.8    LG Chem

7.8.1    Business Overview

7.8.2    Financial Data

7.8.3    Product Landscape

7.8.4    SWOT Analysis

7.9    Exide Technologies

7.9.1    Business Overview

7.9.2    Financial Data

7.9.3    Product Landscape

7.9.4    Strategic Outlook

7.9.5    SWOT Analysis

7.10    GS Yuasa International Ltd

7.10.1    Business Overview

7.10.2    Financial Data

7.10.3    Product Landscape

7.10.4    Strategic Outlook

7.10.5    SWOT Analysis

7.11    Siemens Energy

7.11.1    Business Overview

7.11.2    Financial Data

7.11.3    Product Landscape

7.11.4    Strategic Outlook

7.11.5    SWOT Analysis

7.12    HOPPECKE Batterien GmbH & Co. KG

7.12.1    Business Overview

7.12.2    Financial Data

7.12.3    Product Landscape

7.12.4    Strategic Outlook

7.12.5    SWOT Analysis

7.13    BYD Company Ltd.

7.13.1    Business Overview

7.13.2    Financial Data

7.13.3    Product Landscape

7.13.4    Strategic Outlook

7.13.5    SWOT Analysis

7.14    SK Innovation Co Ltd

7.14.1    Business Overview

7.14.2    Financial Data

7.14.3    Product Landscape

7.14.4    Strategic Outlook

7.14.5    SWOT Analysis

7.15    VARTA AG

7.15.1    Business Overview

7.15.2    Financial Data

7.15.3    Product Landscape

7.15.4    Strategic Outlook

7.15.5    SWOT Analysis

7.16    Contemporary Amperex Technology Co Ltd.

7.16.1    Business Overview

7.16.2    Financial Data

7.16.3    Product Landscape

7.16.4    Strategic Outlook

7.16.5    SWOT Analysis

7.17    Leclanché SA

7.17.1    Business Overview

7.17.2    Financial Data

7.17.3    Product Landscape

7.17.4    Strategic Outlook

7.17.5    SWOT Analysis

7.18    Kokam Corporation

7.18.1    Business Overview

7.18.2    Financial Data

7.18.3    Product Landscape

7.18.4    Strategic Outlook

7.18.5    SWOT Analysis

7.19    CBAK Energy Technology Inc

7.19.1    Business Overview

7.19.2    Financial Data

7.19.3    Product Landscape

7.19.4    SWOT Analysis

Data Tables

TABLE 1    Global market, 2018 – 2021 (Volume & CAPEX)

TABLE 2    Global market, 2022 – 2026 (Volume & CAPEX)

TABLE 3    Global market, 2027 – 2032 (Volume & CAPEX)

TABLE 4    Global market by chemistry, 2018 – 2021 (MW)

TABLE 5    Global market by chemistry, 2022 – 2026 (MW)

TABLE 6    Global market by chemistry, 2027 – 2032 (MW)

TABLE 7    Global market by chemistry, 2018 – 2021 (USD Million)

TABLE 8    Global market by chemistry, 2022 – 2026 (USD Million)

TABLE 9    Global market by chemistry, 2027 – 2032 (USD Million)

TABLE 10    Global market by application, 2018 – 2021 (MW)

TABLE 11    Global market by application, 2022 – 2026 (MW)

TABLE 12    Global market by application, 2027 – 2032 (MW)

TABLE 13    Global market by application, 2018 – 2021 (USD Million)

TABLE 14    Global market by application, 2022 – 2026 (USD Million)

TABLE 15    Global market by applic

Market Insights, By Chemistry

  • LFP
  • NMC
  • Others

Market Insights, By Application

  • Grid Services
    • Frequency Regulation
    • Flexible Ramping
    • Black Start Services
    • Reduced RE Curtailment
    • Energy Shifting & Capacity Deferral
    • Reduced Reliance on Diesel Gensets
    • T&D Congestion Relief
    • Capacity Firming
  • Behind the Meter
    • Electricity Consumers
    • System Operation
    • Mini Grids
  • Off Grid

Johnson Controls, Panasonic Corporation, Leclanché SA, Hitachi Energy Ltd., LG Chem, Exide Technologies, Toshiba Corporation, GS Yuasa International Ltd, Siemens Energy, Tesla, BYD Company Ltd., SK Innovation Co Ltd, VARTA AG.

Why Choose MWR

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations

Unlimited User Access 

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions

Free Company Inclusion 

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis

Download Free Sample PDF

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF