Grid-Scale Battery Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, Australia, South Korea - Size and Forecast 2024-2028
| Published: Oct 2023 | Pages: 176 | SKU: IRTNTR41151 |
Grid-Scale Battery Market Forecast 2024-2028
The grid-scale battery market size is estimated to grow by USD 12.25 billion at a CAGR of 20.88% between 2023 and 2028. The market's growth hinges on several key factors, notably the increasing demand for Energy Storage Systems (ESSs) from utilities, driven by the imperative for reliable power supply. Additionally, the growing emphasis on renewable power generation amplifies the need for efficient energy storage solutions to manage intermittency. Moreover, rising urbanization and escalating electricity demand propel the adoption of ESSs to ensure grid stability and meet the power needs of burgeoning urban populations. These converging trends underscore the pivotal role of ESSs in enabling sustainable energy infrastructure and facilitating the transition towards a greener, more resilient power grid.
What will be the Size of the Market During the Forecast Period?
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Market Dynamics
The market experiences robust growth propelled by investments in renewable energy, driving expanded deployment of energy storage solutions. Grid-scale batteries, including lead acid, nickel-cadmium, and nickel metal-hydride variants, offer high energy and power density, addressing the increasing demand for energy efficiency. Challenges persist, however, with costs of grid-scale batteries and ownership models like utility-owned or third-party-owned facing scrutiny. Moreover, ensuring overall grid stability remains a challenge, despite incentives encouraging adoption. Overcoming these hurdles while leveraging emerging technologies is vital for sustaining the momentum of grid-scale battery market growth.
Market Driver
Rising urbanization and electricity demand are notably driving the market growth. The rise in population, improvement in living standards, and the availability of better facilities and infrastructure are leading to rapid urbanization. As of May 2020, more than half of the world's population was residing in urban areas, and it is expected that more than two-thirds of the world population will be living in urban areas by 2050. The population in urban areas is growing widely in underdeveloped and developing countries. Urbanization is extremely dependent on several macroeconomic factors, such as national policymaking, governments, and development practitioners.
Moreover, the rise in power consumption creates a need for grid-scale ESSs for frequency regulation and for power backup. This will proliferate the sales of grid-scale batteries and storage systems for energy storage. Therefore, the rise in urbanization and electricity demand will significantly drive the growth of the market during the forecast period.
Market Trends
Declining costs of battery storage systems are an emerging trend shaping the market growth. Batteries are one of the most widely used ESSs around the world. Declining price is a key factor for the increased adoption of ESSs. The costs of battery systems have been reduced since 2010. The price reduction is due to the improvements in hardware, economies of scale, and the standardization of system design and engineering. With the increase in sales, economies of scale have increased, and consequently, the prices of battery systems have been reduced. By 2030, the cost of lead-acid battery-based ESSs will be reduced to half of the cost in 2020.
Also, by 2030, the costs of flow batteries, sodium-sulfur batteries, and lithium nickel cobalt aluminium battery-based ESSs will be reduced to 34%, 44%, and 41%, respectively, of the cost in 2020. The declining costs of battery systems will increase the sales of battery-based ESSs in utilities, which will drive the growth of the global market trends during the forecast period.
Market Challenge
Growing competition from fuel cells is a significant challenge hindering market growth. In the past few years, fuel cells have witnessed high adoption in stationary applications. Fuel cells have emerged as a reliable and efficient alternative technology for electricity generation and other prime power applications, as they can supply power and heat with high efficiency. Several governments are also supporting fuel cell adoption through various initiatives and regulations. For instance, the South Korean government is promoting the use of clean, renewable, and alternative sources. In January 2019, the country released its hydrogen economy roadmap, which included a target of 1.5 GW of power generation by 2022 and 15 GW by 2040 using fuel cells. Such projects focus on overcoming technical challenges related to non-precious metal catalysts, fuel cell membranes, reversible fuel cells, and electrolyzes during the production of hydrogen.
Similarly, In July 2020, the US Department of Energy (DOE) issued funding of USD 64 million for 18 projects that will support the H2@Scale vision for affordable hydrogen production, storage, distribution, and use. The US DOE's H2@Scale concept focuses on enabling the affordability and reliability of large-scale hydrogen generation, transport, storage, and utilization across multiple sectors in the US. Therefore, growing investments in fuel cell technology will boost its applications in grid-scale power storage and will subsequently affect the growth of the market during the forecast period.
Customer Landscape
The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Who are the Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd. - The company offers a grid-scale battery energy storage system to support the integration of renewable energy sources for Universal Power Solutions Inc.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- BYD Co. Ltd.
- Contemporary Amperex Technology Co. Ltd.
- General Electric Co.
- GS Yuasa International Ltd.
- Hitachi Ltd.
- Innolith Science and Technology GmbH
- Leclanche SA
- LG Electronics Inc.
- NEC Corp.
- NGK Insulators Ltd.
- Panasonic Holdings Corp.
- Powin Inc.
- Samsung SDI Co. Ltd.
- Siemens AG
- SolarEdge Technologies Inc.
- Sumitomo Electric Industries Ltd.
- Tesla Inc.
- Toshiba Corp.
- TotalEnergies SE
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Market Segmentation
Investments in renewable energy have catalyzed the growth of the market, with a significant focus on enhancing energy efficiency and overall grid stability. The market sees expanded deployment of various battery types, including lead acid, nickel-cadmium, nickel metal-hydride, and nickel-iron batteries. These batteries offer high energy and power density while being lightweight, addressing concerns related to weight and standby losses. Ownership models such as utility-owned and third-party-owned models are gaining traction, driven by incentives and the highest rate of return. With their long life expectancy, grid-scale batteries play a crucial role in ensuring reliable energy storage for renewable power generation and grid stability initiatives.
Segmentation by Application
The ancillary services segment is estimated to witness significant growth during the forecast period. Ancillary services refer to the range of support services required to maintain the stability and reliability of the electric grid. These services are crucial for managing imbalance in electricity supply and demand, maintaining frequency and voltage stability, and ensuring grid resilience.
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The ancillary services segment was the largest segment and was valued at USD 2.61 billion in 2018. Grid-scale batteries can also serve as backup power sources during grid outages or emergencies. These batteries can quickly supply electricity to critical loads, ensuring uninterrupted power supply to essential services such as hospitals, data centres, and data emergency response centres. Thus, increasing demand for renewable energy integration, grid modernization efforts, rising demand for reliable power supply, and supportive government regulations, coupled with the expanding deployment of grid-scale batteries, will fuel the growth of the global market through the ancillary services segment during the forecast period.
Regional Analysis
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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC, the market is expected to grow rapidly during the forecast period owing to the rising energy demand driven by the growth of the population. Owing to the rapid depletion of conventional power sources such as fossil fuels, APAC countries have started using renewables for power generation. The adoption of microgrids has increased in APAC due to the growing adoption of renewable-energy power plants and the lack of reliable grid infrastructure. Microgrids are used by utilities to increase resilience. With the help of battery energy storage, microgrids can utilize the stored power for the electrification of the area where the microgrid is installed. The increasing installation of microgrids in the region is driving the growth of the market in APAC.
Furthermore, Japan is significantly contributing to the growth of the regional market. In August 2021, Tesla announced its entry into the Japanese market with its energy storage products, starting with a 6-MWh megapack project in Japan's northern island of Hokkaido. Thus, the above-mentioned projects and increasing demand for power storage solutions will drive the growth of the market in APAC during the forecast period.
Segment Overview
The market forecasting report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
- Application Outlook
- Ancillary services
- Renewable integration
- Others
- Battery Type Outlook
- Lithium-based
- Others
- Region Outlook
- North America
- The U.S.
- Canada
- South America
- Chile
- Brazil
- Argentina
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- North America
Market Analyst Overview
The market witnesses dynamic growth driven by technological advancements and government subsidies, fostering the adoption of lithium-ion, sodium-based, and other batteries. Lithium-ion batteries, renowned for their lightweight and high energy density, dominate the market share, alongside emerging options like nickel-iron batteries. These batteries offer advantages such as standby losses reduction and extended life expectancy, enhancing grid reliability and resiliency. They facilitate effective load control and enable load shifting, supporting integration with diverse renewable energy resources like solar photovoltaic and wind power. With growing demand for clean energy, grid-scale batteries play a pivotal role in power system flexibility and energy storage, addressing challenges such as renewable energy curtailment and timing discrepancies in electricity prices.
Additionally, the market boasts various key factors driving its growth, including its largest share in energy storage resources and its advantageous ownership models, such as utility-owned and third-party-owned arrangements. With a focus on grid resiliency and the integration of diverse resources, grid-scale batteries address increasing product demand and generate substantial revenue. They offer advantages like energy arbitrage and facilitate cost-effective renewable energy generation, reducing reliance on conventional generators. Emerging technologies like zinc-hybrid and sodium-based batteries enhance power capacity rating and energy capacity, enabling peak shaving and seamless integration of renewable sources, ensuring a sustainable and efficient energy landscape.
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Market Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.88% |
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Market Growth 2024-2028 |
USD 12.25 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
20.23 |
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Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 52% |
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Key countries |
US, China, India, Australia, and South Korea |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., General Electric Co., GS Yuasa International Ltd., Hitachi Ltd., Innolith Science and Technology GmbH, Leclanche SA, LG Electronics Inc., NEC Corp., NGK Insulators Ltd., Panasonic Holdings Corp., Powin Inc., Samsung SDI Co. Ltd., Siemens AG, SolarEdge Technologies Inc., Sumitomo Electric Industries Ltd., Tesla Inc., Toshiba Corp., and TotalEnergies SE |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2024 and 2028
- Precise estimation of the market size and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Battery Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global grid-scale battery market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global grid-scale battery market 2018 - 2022 ($ million)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
- 4.3 Battery Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Battery Type Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Ancillary services - Market size and forecast 2023-2028
- Exhibit 34: Chart on Ancillary services - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Ancillary services - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Ancillary services - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Ancillary services - Year-over-year growth 2023-2028 (%)
- 6.4 Renewable integration - Market size and forecast 2023-2028
- Exhibit 38: Chart on Renewable integration - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Renewable integration - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Renewable integration - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Renewable integration - Year-over-year growth 2023-2028 (%)
- 6.5 Others - Market size and forecast 2023-2028
- Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Application
- Exhibit 46: Market opportunity by Application ($ million)
- Exhibit 47: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Battery Type
- 7.1 Market segments
- Exhibit 48: Chart on Battery Type - Market share 2023-2028 (%)
- Exhibit 49: Data Table on Battery Type - Market share 2023-2028 (%)
- 7.2 Comparison by Battery Type
- Exhibit 50: Chart on Comparison by Battery Type
- Exhibit 51: Data Table on Comparison by Battery Type
- 7.3 Lithium-based - Market size and forecast 2023-2028
- Exhibit 52: Chart on Lithium-based - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on Lithium-based - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on Lithium-based - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Lithium-based - Year-over-year growth 2023-2028 (%)
- 7.4 Others - Market size and forecast 2023-2028
- Exhibit 56: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 57: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 58: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Battery Type
- Exhibit 60: Market opportunity by Battery Type ($ million)
- Exhibit 61: Data Table on Market opportunity by Battery Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2023-2028 (%)
- Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 India - Market size and forecast 2023-2028
- Exhibit 91: Chart on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.10 US - Market size and forecast 2023-2028
- Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.11 Australia - Market size and forecast 2023-2028
- Exhibit 99: Chart on Australia - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on Australia - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on Australia - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Australia - Year-over-year growth 2023-2028 (%)
- 9.12 South Korea - Market size and forecast 2023-2028
- Exhibit 103: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 ABB Ltd.
- Exhibit 115: ABB Ltd. - Overview
- Exhibit 116: ABB Ltd. - Business segments
- Exhibit 117: ABB Ltd. - Key offerings
- Exhibit 118: ABB Ltd. - Segment focus
- 12.4 BYD Co. Ltd.
- Exhibit 119: BYD Co. Ltd. - Overview
- Exhibit 120: BYD Co. Ltd. - Business segments
- Exhibit 121: BYD Co. Ltd. - Key news
- Exhibit 122: BYD Co. Ltd. - Key offerings
- Exhibit 123: BYD Co. Ltd. - Segment focus
- 12.5 Contemporary Amperex Technology Co. Ltd.
- Exhibit 124: Contemporary Amperex Technology Co. Ltd. - Overview
- Exhibit 125: Contemporary Amperex Technology Co. Ltd. - Product / Service
- Exhibit 126: Contemporary Amperex Technology Co. Ltd. - Key offerings
- 12.6 General Electric Co.
- Exhibit 127: General Electric Co. - Overview
- Exhibit 128: General Electric Co. - Business segments
- Exhibit 129: General Electric Co. - Key news
- Exhibit 130: General Electric Co. - Key offerings
- Exhibit 131: General Electric Co. - Segment focus
- 12.7 GS Yuasa International Ltd.
- Exhibit 132: GS Yuasa International Ltd. - Overview
- Exhibit 133: GS Yuasa International Ltd. - Business segments
- Exhibit 134: GS Yuasa International Ltd. - Key news
- Exhibit 135: GS Yuasa International Ltd. - Key offerings
- Exhibit 136: GS Yuasa International Ltd. - Segment focus
- 12.8 Hitachi Ltd.
- Exhibit 137: Hitachi Ltd. - Overview
- Exhibit 138: Hitachi Ltd. - Business segments
- Exhibit 139: Hitachi Ltd. - Key news
- Exhibit 140: Hitachi Ltd. - Key offerings
- Exhibit 141: Hitachi Ltd. - Segment focus
- 12.9 Innolith Science and Technology GmbH
- Exhibit 142: Innolith Science and Technology GmbH - Overview
- Exhibit 143: Innolith Science and Technology GmbH - Product / Service
- Exhibit 144: Innolith Science and Technology GmbH - Key offerings
- 12.10 Leclanche SA
- Exhibit 145: Leclanche SA - Overview
- Exhibit 146: Leclanche SA - Business segments
- Exhibit 147: Leclanche SA - Key offerings
- Exhibit 148: Leclanche SA - Segment focus
- 12.11 LG Electronics Inc.
- Exhibit 149: LG Electronics Inc. - Overview
- Exhibit 150: LG Electronics Inc. - Product / Service
- Exhibit 151: LG Electronics Inc. - Key offerings
- 12.12 NGK Insulators Ltd.
- Exhibit 152: NGK Insulators Ltd. - Overview
- Exhibit 153: NGK Insulators Ltd. - Business segments
- Exhibit 154: NGK Insulators Ltd. - Key offerings
- Exhibit 155: NGK Insulators Ltd. - Segment focus
- 12.13 Samsung SDI Co. Ltd.
- Exhibit 156: Samsung SDI Co. Ltd. - Overview
- Exhibit 157: Samsung SDI Co. Ltd. - Business segments
- Exhibit 158: Samsung SDI Co. Ltd. - Key news
- Exhibit 159: Samsung SDI Co. Ltd. - Key offerings
- Exhibit 160: Samsung SDI Co. Ltd. - Segment focus
- 12.14 Siemens AG
- Exhibit 161: Siemens AG - Overview
- Exhibit 162: Siemens AG - Business segments
- Exhibit 163: Siemens AG - Key news
- Exhibit 164: Siemens AG - Key offerings
- Exhibit 165: Siemens AG - Segment focus
- 12.15 SolarEdge Technologies Inc.
- Exhibit 166: SolarEdge Technologies Inc. - Overview
- Exhibit 167: SolarEdge Technologies Inc. - Product / Service
- Exhibit 168: SolarEdge Technologies Inc. - Key offerings
- 12.16 Sumitomo Electric Industries Ltd.
- Exhibit 169: Sumitomo Electric Industries Ltd. - Overview
- Exhibit 170: Sumitomo Electric Industries Ltd. - Business segments
- Exhibit 171: Sumitomo Electric Industries Ltd. - Key offerings
- Exhibit 172: Sumitomo Electric Industries Ltd. - Segment focus
- 12.17 Tesla Inc.
- Exhibit 173: Tesla Inc. - Overview
- Exhibit 174: Tesla Inc. - Business segments
- Exhibit 175: Tesla Inc. - Key news
- Exhibit 176: Tesla Inc. - Key offerings
- Exhibit 177: Tesla Inc. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 178: Inclusions checklist
- Exhibit 179: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 180: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 181: Research methodology
- Exhibit 182: Validation techniques employed for market sizing
- Exhibit 183: Information sources
- 13.5 List of abbreviations
- Exhibit 184: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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grid-scale battery market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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