Grid-scale Battery Storage Global Market Report 2024

Global Grid-scale Battery Storage Market Report 2024

Grid-scale Battery Storage Global Market Report 2024 – By Type (Lithium-Ion Batteries, Sodium-Based Batteries, Flow Batteries, Advanced Lead Acid Batteries, Solid State Batteries, Nickel-based Batteries, Fuel Cells, Other Types), By Capacity (Small, Medium, Large), By Ownership Model (Public, Private), By Application (Industrial, Residential, Commercial, Utility, Renewable Integration, Microgrids, Electric Vehicles) – Market Size, Trends, And Global Forecast 2024-2033

Name: Grid-scale Battery Storage Global Market Report 2024
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Grid-scale Battery Storage Global Market Report 2024

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Grid-scale Battery Storage Market Definition

Grid-scale battery storage refers to large-scale energy storage systems that store electricity for utility and grid management purposes. These systems help balance supply and demand, provide backup power, and enhance the stability and reliability of the electricity grid. They are typically deployed by utilities or energy providers to support renewable energy integration, peak shaving, and grid services such as frequency regulation.

The main types of grid-scale battery storage are lithium-ion batteries, sodium-based batteries, flow batteries, advanced lead acid batteries, solid-state batteries, nickel-based batteries, fuel cells, and others. Lithium-ion batteries are defined as energy storage devices that use lithium ions moving between a positive and negative electrode to store and release energy. The capacity is small, medium, and large, and the ownership models include public and private. It is used in various applications such as industrial, residential, commercial, utility, renewable integration, microgrids, and electric vehicles.

Grid-scale Battery Storage Market Segmentation

The grid-scale battery storage market covered in this report is segmented –

1) By Type: Lithium-Ion Batteries, Sodium-Based Batteries, Flow Batteries, Advanced Lead Acid Batteries, Solid State Batteries, Nickel-based Batteries, Fuel Cells, Other Types

2) By Capacity: Small, Medium, Large

3) By Ownership Model: Public, Private

4) By Application: Industrial, Residential, Commercial, Utility, Renewable Integration, Microgrids, Electric Vehicles

Global Grid-scale Battery Storage Market Size 2023 to 2028: Graph

Grid-scale Battery Storage Market Size 2024 And Growth Rate

The grid-scale battery storage market size has grown exponentially in recent years. It will grow from $5.73 billion in 2023 to $7.51 billion in 2024 at a compound annual growth rate (CAGR) of 31.0%. The growth in the historic period can be attributed to growing energy consumption, fossil fuel plant retirement, increased focus on energy independence and resilience, corporate sustainability goals, regulatory support for ancillary services.

Grid-scale Battery Storage Market Growth Forecast

The grid-scale battery storage market size is expected to see exponential growth in the next few years. It will grow to $22.22 billion in 2028 at a compound annual growth rate (CAGR) of 31.1%. The growth in the forecast period can be attributed to development of hydrogen energy storage, advances in alternative battery technologies, electric vehicle integration, decarbonization policies, increased renewable energy penetration. Major trends in the forecast period include focus on sustainability and recycling, rising interest in virtual power plants, increased use of artificial intelligence, hybrid renewable energy systems, and growth in long-duration energy storage.

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Grid-scale Battery Storage Market Driver: Rising Renewable Energy Demand Fuels Growth In Grid-Scale Battery Storage Market

The increase in renewable energy demand is expected to propel the growth of the grid-scale battery storage market going forward. Renewable energy refers to energy derived from natural sources that are continuously replenished, such as sunlight, wind, and geothermal heat. The increase in renewable energy demand is driven by the need to address climate change, reduce environmental impact, and enhance energy security and sustainability. The use of grid-scale battery storage in renewable energy involves storing excess energy generated from sources such as solar or wind to ensure a steady power supply when production is low or demand is high. For instance, in March 2024, according to the European Environment Agency, a Denmark-based government agency, in 2022, renewable sources accounted for 23% of the energy consumed in the EU, up from 21.9% in 2021. Therefore, the increase in renewable energy demand is driving the growth of the grid-scale battery storage market.

Global Grid-scale Battery Storage Market Major Players

Major companies operating in the grid-scale battery storage market are E.ON SE, The General Electric Company, BYD Company Ltd., Mitsubishi Electric, ABB Ltd., Johnson Controls International PLC, Pacific Gas and Electric, NextEra Energy, Samsung SDI Co. Ltd., Xcel Energy Inc., Sungrow Power Supply Co. Ltd., EnerSys, AES Corporation, Fluence Energy Inc., RES Group, Northvolt AB, EDP Renewables, Saft Groupe S.A., Stem Inc., NEC Energy Solutions, Contemporary Amperex Technology Co. Limited, Eos Energy Enterprises, LG Energy Solution, Narada Power Source Co. Ltd., ESS Inc.

Global Grid-scale Battery Storage Market Trend: Innovative Energy Storage Systems Enhance Efficiency And Reliability In Grid-Scale Applications

Major companies operating in the grid-scale battery storage market are focusing on developing innovative solutions, such as energy storage systems, to enhance energy density and efficiency, as well as zero degradation for both power and capacity. Energy storage systems are technologies that capture and store energy for later use, balancing supply and demand to enhance efficiency and reliability. For instance, in April 2024, Contemporary Amperex Technology Co. (CATL), a China-based battery manufacturing company, launched the TENER energy storage product. TENER is designed for large-scale applications, boasting high energy density and an extended cycle life. Utilizing advanced lithium-ion technology, it ensures improved safety and efficiency, while its modular design provides flexible scalability to accommodate varying grid demands. Additionally, TENER delivers strong performance in extreme temperatures, ensuring reliable operation in diverse environmental conditions.

Grid-scale Battery Storage Market Merger And Acquisition: Powin Energy Strengthens Energy Storage Capabilities With Acquisition Of EKS Energy

In September 2022, Powin Energy Corporation, a US-based provider of energy storage systems, acquired EKS Energy for an undisclosed amount. Powin Energy Corporation's acquisition of EKS Energy brings significant benefits, including enhanced control and optimization of energy storage systems. By integrating EKS Energy’s advanced power conversion technologies, Powin can offer more efficient and scalable energy storage solutions, improving grid performance and renewable energy integration. EKS Energy is a Spain-based provider of grid-scale battery storage.

Regional Insights For The Global Grid-scale Battery Storage Market

North America was the largest region in the grid-scale battery storage market in 2023. The regions covered in the grid-scale battery storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the grid-scale battery storage market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The grid-scale battery storage market consists of sales of metal-air batteries, thermal energy storage, and supercapacitors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The grid-scale battery storage market research report is one of a series of new reports from The Business Research Company that provides grid-scale battery storage market statistics, including grid-scale battery storage industry global market size, regional shares, competitors with a grid-scale battery storage market share, detailed grid-scale battery storage market segments, market trends and opportunities, and any further data you may need to thrive in the grid-scale battery storage industry. This grid-scale battery storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Grid-scale Battery Storage Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2024	$7.51 billion
Revenue Forecast In 2033	$22.22 billion
Growth Rate	CAGR of 31.1% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Lithium-Ion Batteries; Sodium-Based Batteries; Flow Batteries; Advanced Lead Acid Batteries; Solid State Batteries; Nickel-based Batteries; Fuel Cells; Other Types 2) By Capacity: Small; Medium; Large 3) By Ownership Model: Public; Private 4) By Application: Industrial; Residential; Commercial; Utility; Renewable Integration; Microgrids; Electric Vehicles
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	E.ON SE, The General Electric Company, BYD Company Ltd., Mitsubishi Electric, ABB Ltd., Johnson Controls International PLC, Pacific Gas and Electric, NextEra Energy, Samsung SDI Co. Ltd., Xcel Energy Inc., Sungrow Power Supply Co. Ltd., EnerSys, AES Corporation, Fluence Energy Inc., RES Group, Northvolt AB, EDP Renewables, Saft Groupe S.A., Stem Inc., NEC Energy Solutions, Contemporary Amperex Technology Co. Limited, Eos Energy Enterprises, LG Energy Solution, Narada Power Source Co. Ltd., ESS Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Grid-scale Battery Storage Market Characteristics

3. Grid-scale Battery Storage Market Trends And Strategies

4. Grid-scale Battery Storage Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Grid-scale Battery Storage Market Size and Growth

5.1. Global Grid-scale Battery Storage Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Grid-scale Battery Storage Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Grid-scale Battery Storage Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Grid-scale Battery Storage Market Segmentation

6.1. Global Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Lithium-Ion Batteries

Sodium-Based Batteries

Flow Batteries

Advanced Lead Acid Batteries

Solid State Batteries

Nickel-based Batteries

Fuel Cells

Other Types

6.2. Global Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Small

Medium

Large

6.3. Global Grid-scale Battery Storage Market, Segmentation By Ownership Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Public

Private

6.4. Global Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Industrial

Residential

Commercial

Utility

Renewable Integration

Microgrids

Electric Vehicles

7. Grid-scale Battery Storage Market Regional And Country Analysis

7.1. Global Grid-scale Battery Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Grid-scale Battery Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Grid-scale Battery Storage Market

8.1. Asia-Pacific Grid-scale Battery Storage Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Grid-scale Battery Storage Market

9.1. China Grid-scale Battery Storage Market Overview

9.2. China Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Grid-scale Battery Storage Market

10.1. India Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Grid-scale Battery Storage Market

11.1. Japan Grid-scale Battery Storage Market Overview

11.2. Japan Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Grid-scale Battery Storage Market

12.1. Australia Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Grid-scale Battery Storage Market

13.1. Indonesia Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Grid-scale Battery Storage Market

14.1. South Korea Grid-scale Battery Storage Market Overview

14.2. South Korea Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Grid-scale Battery Storage Market

15.1. Western Europe Grid-scale Battery Storage Market Overview

15.2. Western Europe Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Grid-scale Battery Storage Market

16.1. UK Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Grid-scale Battery Storage Market

17.1. Germany Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Grid-scale Battery Storage Market

18.1. France Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Grid-scale Battery Storage Market

19.1. Italy Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Grid-scale Battery Storage Market

20.1. Spain Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Grid-scale Battery Storage Market

21.1. Eastern Europe Grid-scale Battery Storage Market Overview

21.2. Eastern Europe Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Grid-scale Battery Storage Market

22.1. Russia Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Grid-scale Battery Storage Market

23.1. North America Grid-scale Battery Storage Market Overview

23.2. North America Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Grid-scale Battery Storage Market

24.1. USA Grid-scale Battery Storage Market Overview

24.2. USA Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Grid-scale Battery Storage Market

25.1. Canada Grid-scale Battery Storage Market Overview

25.2. Canada Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Grid-scale Battery Storage Market

26.1. South America Grid-scale Battery Storage Market Overview

26.2. South America Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Grid-scale Battery Storage Market

27.1. Brazil Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Grid-scale Battery Storage Market

28.1. Middle East Grid-scale Battery Storage Market Overview

28.2. Middle East Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Grid-scale Battery Storage Market

29.1. Africa Grid-scale Battery Storage Market Overview

29.2. Africa Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Grid-scale Battery Storage Market Competitive Landscape And Company Profiles

30.1. Grid-scale Battery Storage Market Competitive Landscape

30.2. Grid-scale Battery Storage Market Company Profiles

30.2.1. E.ON SE

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. The General Electric Company

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. BYD Company Ltd.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Mitsubishi Electric

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. ABB Ltd.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Grid-scale Battery Storage Market Other Major And Innovative Companies

31.1. Johnson Controls International PLC

31.2. Pacific Gas and Electric

31.3. NextEra Energy

31.4. Samsung SDI Co. Ltd.

31.5. Xcel Energy Inc.

31.6. Sungrow Power Supply Co. Ltd.

31.7. EnerSys

31.8. AES Corporation

31.9. Fluence Energy Inc.

31.10. RES Group

31.11. Northvolt AB

31.12. EDP Renewables

31.13. Saft Groupe S.A.

31.14. Stem Inc.

31.15. NEC Energy Solutions

32. Global Grid-scale Battery Storage Market Competitive Benchmarking

33. Global Grid-scale Battery Storage Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Grid-scale Battery Storage Market

35. Grid-scale Battery Storage Market Future Outlook and Potential Analysis

35.1 Grid-scale Battery Storage Market In 2028 - Countries Offering Most New Opportunities

35.2 Grid-scale Battery Storage Market In 2028 - Segments Offering Most New Opportunities

35.3 Grid-scale Battery Storage Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Grid-scale Battery Storage Market, Segmentation By Ownership Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Grid-scale Battery Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Grid-scale Battery Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: E.ON SE Financial Performance

Table 76: The General Electric Company Financial Performance

Table 77: BYD Company Ltd. Financial Performance

Table 78: Mitsubishi Electric Financial Performance

Table 79: ABB Ltd. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Grid-scale Battery Storage Market, Segmentation By Ownership Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Grid-scale Battery Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Grid-scale Battery Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Grid-scale Battery Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Grid-scale Battery Storage Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Grid-scale Battery Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: E.ON SE Financial Performance

Figure 76: The General Electric Company Financial Performance

Figure 77: BYD Company Ltd. Financial Performance

Figure 78: Mitsubishi Electric Financial Performance

Figure 79: ABB Ltd. Financial Performance

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Frequently Asked Questions

What is the definition of the grid-scale battery storage market?

How will the grid-scale battery storage market drivers and restraints affect the grid-scale battery storage market dynamics? What forces will shape the grid-scale battery storage industry going forward?

The grid-scale battery storage market major growth driver - Rising Renewable Energy Demand Fuels Growth In Grid-Scale Battery Storage Market. For further insights on the grid-scale battery storage market, request a sample here

What is the forecast market size or the forecast market value of the grid-scale battery storage market?

The grid-scale battery storage market size has grown exponentially in recent years. It will grow from $5.73 billion in 2023 to $7.51 billion in 2024 at a compound annual growth rate (CAGR) of 31.0%. The growth in the historic period can be attributed to growing energy consumption, fossil fuel plant retirement, increased focus on energy independence and resilience, corporate sustainability goals, regulatory support for ancillary services. The grid-scale battery storage market size is expected to see exponential growth in the next few years. It will grow to $22.22 billion in 2028 at a compound annual growth rate (CAGR) of 31.1%. The growth in the forecast period can be attributed to development of hydrogen energy storage, advances in alternative battery technologies, electric vehicle integration, decarbonization policies, increased renewable energy penetration. Major trends in the forecast period include focus on sustainability and recycling, rising interest in virtual power plants, increased use of artificial intelligence, hybrid renewable energy systems, and growth in long-duration energy storage. For further insights on the grid-scale battery storage market, request a sample here

How is the grid-scale battery storage market segmented?

The grid-scale battery storage market is segmented
1) By Type: Lithium-Ion Batteries, Sodium-Based Batteries, Flow Batteries, Advanced Lead Acid Batteries, Solid State Batteries, Nickel-based Batteries, Fuel Cells, Other Types
2) By Capacity: Small, Medium, Large
3) By Ownership Model: Public, Private
4) By Application: Industrial, Residential, Commercial, Utility, Renewable Integration, Microgrids, Electric VehiclesFor further insights on the grid-scale battery storage market, request a sample here

Which region has the largest share of the grid-scale battery storage market? What are the other regions covered in the report?

North America was the largest region in the grid-scale battery storage market in 2023. The regions covered in the grid-scale battery storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the grid-scale battery storage market, request a sample here.

Who are the major players in the grid-scale battery storage market?

What are the key trends in the grid-scale battery storage market?

Major trend in the grid-scale battery storage market - Innovative Energy Storage Systems Enhance Efficiency And Reliability In Grid-Scale Applications. For further insights on the grid-scale battery storage market, request a sample here.

What are the major opportunities in the grid-scale battery storage market? What are the strategies for the grid-scale battery storage market?

For detailed insights on the major opportunities and strategies in the grid-scale battery storage market, request a sample here.

How does the grid-scale battery storage market relate to the overall economy and other similar markets?

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What are the latest mergers and acquisitions in the grid-scale battery storage industry?

For detailed insights on the mergers and acquisitions in the grid-scale battery storage industry, request a sample here.

What are the key dynamics influencing the grid-scale battery storage market growth? SWOT analysis of the grid-scale battery storage market.

For detailed insights on the key dynamics influencing the grid-scale battery storage market growth and SWOT analysis of the grid-scale battery storage industry, request a sample here.