Stationary Battery Storage Market Outlook 2020 – Industry Statistics Analysis by 2030
Selbyville, Delaware, United States, October 7 2020 (Wiredrelease) Global Market Insights, Inc –:The global stationary battery storage market is poised to experience a significant period of growth as its application scope keeps increasing across a number of high-revenue industries such as automotive and energy.
The ongoing growth and numerous large-scale renewable energy integration projects is presenting both opportunities as well as challenges. The clean energy generated by wind turbines or photovoltaic (PV) panels is inherently variable. The volatility of this energy supply is a major challenge faced by electricity services providers that are trying to incorporate renewable generation within the electricity grid.
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To be able to operate in a reliable and stable manner, power grids continuously need to balance the demand and supply – a job that is further complicated due to the overall intermittent nature of renewable energy. Stationary battery storage technologies offer a solution to this challenge to efficiently deliver smooth as well as predictable power supply to the electricity grid.
Moreover, owing to the increase in environmentally-centric industry practices today, which are driven by the growing level of awareness around the issue of global warming, the society is increasingly shifting its focus on increasing the use of clean, renewable, and environmentally-healthy energy generating methods. This is further creating tremendous growth impetus for the overall stationary battery storage market expansion across several industrial sectors globally.
Additionally, with the growing prominence of electric as well as hybrid vehicles, the demand for stationary battery storage has been increasing tremendously across the automotive industry. The automotive sector already provided considerable amount of growth to the industry through the wide-scale use of lead acid batteries across automobiles.
However, the exponential rise in the adoption electric and hybrid vehicles is further expanding the automotive sectors footprint across the global stationary battery storage market landscape.
The overall stationary battery storage market landscape is divided into battery, application, and region.
Among these, the battery segment is further divided into sodium sulphur battery, lithium-ion battery, flow battery, lead acid battery, and others. The lead acid battery market is slated to witness tremendous growth over the coming years as the ease of raw material availability and the competitive price index drives product deployment across a plethora of industries.
The others segment is also slated to showcase appreciative growth. the segment includes other battery types such as nickel cadmium, nickel metal hydride, as well as zinc carbon battery chemistries, amongst others.
From a regional reference frame, growing consumer awareness toward energy independency is expected to propel product deployment across the CIS & Eurasia region during the analysis period.
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Ongoing investments toward clean energy solutions are expected to drive the stationary battery storage market growth across the regional landscape of Middle East & Africa.
Increasing demand for electricity along with rising frequency of power outages will foster business growth in the Latin America region.
Table of Contents (ToC) of the report:
Chapter 4 Stationary Battery Storage Market, By Battery
4.1 Stationary battery storage market share by battery, 2019 & 2030
4.2.1 Global market from lithium-ion, 2014 – 2030
4.2.2 Global market from lithium-ion, by region, 2014 – 2030
4.3 Sodium sulphur
4.3.1 Global market from sodium sulphur, 2014 – 2030
4.3.2 Global market from sodium sulphur, by region, 2014 – 2030
4.4 Lead acid
4.4.1 Global market from lead acid, 2014 – 2030
4.4.2 Global market from lead acid, by region, 2014 – 2030
4.5 Flow battery
4.5.1 Global market from flow battery, 2014 – 2030
4.5.2 Global market from flow battery, by region, 2014 – 2030
4.6.1 Global market from others, 2014 – 2030
4.6.2 Global market from others, by region, 2014 – 2030
Chapter 5 Stationary Battery Storage Market, By Application
5.1 Stationary battery storage market share by application, 2019 & 2030
5.2 Grid services
5.2.1 Global market from grid services, 2014 – 2030
5.2.2 Global market from grid services, by region, 2014 – 2030
5.2.3 Frequency regulation
18.104.22.168 Global market from frequency regulation, 2014 – 2030
22.214.171.124 Global market from frequency regulation, by region, 2014 – 2030
5.2.4 Flexible ramping
126.96.36.199 Global market from flexible ramping, 2014 – 2030
188.8.131.52 Global market from flexible ramping, by region, 2014 – 2030
5.2.5 Black start services
184.108.40.206 Global market from black start services, 2014 – 2030
220.127.116.11 Global market from black start services, by region, 2014 – 2030
5.2.6 Energy shifting & capacity deferral
18.104.22.168 Global market from energy shifting & capacity deferral, 2014 – 2030
22.214.171.124 Global market from energy shifting & capacity deferral, by region, 2014 – 2030
5.2.7 Transmission & distribution congestion relief
126.96.36.199 Global market from transmission & distribution congestion relief, 2014 – 2030
188.8.131.52 Global market from transmission & distribution congestion relief, by region, 2014 – 2030
5.2.8 Capacity firming
184.108.40.206 Global market from capacity firming, 2014 – 2030
220.127.116.11 Global market from capacity firming, by region, 2014 – 2030
5.2.9 Reduced RE curtailment
18.104.22.168 Global market from reduced RE curtailment, 2014 – 2030
22.214.171.124 Global market from reduced RE curtailment, by region, 2014 – 2030
5.2.10 Reduced reliance on diesel gensets
126.96.36.199 Global market from reduced reliance on diesel gensets, 2014 – 2030
188.8.131.52 Global market from reduced reliance on diesel gensets, by region, 2014 – 2030
5.3 Behind the meter
5.3.1 Global market from behind the meter, 2014 – 2030
5.3.2 Global market from behind the meter, by region, 2014 – 2030
5.3.3 Electricity consumers
184.108.40.206 Global market from electricity consumers, 2014 – 2030
220.127.116.11 Global market from electricity consumers, by region, 2014 – 2030
5.3.4 System operations
18.104.22.168 Global market from system operations, 2014 – 2030
22.214.171.124 Global market from system operations, by region, 2014 – 2030
5.3.5 Mini grids
126.96.36.199 Global market from mini grids, 2014 – 2030
188.8.131.52 Global market from mini grids, by region, 2014 – 2030
5.4 Off grid
5.4.1 Global market from off grid, 2014 – 2030
5.4.2 Global market from off grid, by region, 2014 – 2030
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