Summary

Stationary Energy Storage Battery Market Size, Share, and Analysis, By Battery (Lithium Ion, Sodium Sulphur, Lead Acid, and Flow Battery), By Energy Storage Type (Hydrogen & Ammonia Storage, Gravitational Energy Storage, Compressed Air Energy Storage, Liquid Air Storage, and Thermal Energy Storage), By Application (Grid Application and Behind the Meter), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Stationary Energy Storage Battery Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 25.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 57.6 billion and is projected to reach USD 696.3 billion by the completion of 2034.
Stationary energy storage batteries are large-scale systems that store electricity for future use, as opposed to portable batteries. These stationary installations are connected to power grids or renewable energy sources and fulfill various roles such as storing extra energy in off-peak times, supplying electricity on demand, and simplifying the integration of renewable energy. Additionally, stationary energy storage battery systems play an important role in upgrading energy infrastructure, along with improving the utilization of resources and assisting in shifting to renewable energy. Therefore, with the advancement of technology, stationary batteries are becoming crucial in the environment of evolving energy and serve as a major factor in creating a sustainable and strong energy system.

MARKET HIGHLIGHTS
Stationary Energy Storage Battery Market is projected to reach USD 696.3 billion over the forecast period, due to a rise in the demand for grid stability and the incorporation of renewable energy sources. The growth of the market is attributed to several factors such as government incentives for the use of clean energy and falling prices of batteries. In addition, the market is shifting towards lithium-ion batteries due to their performance and lower costs. However, flow batteries and sodium-sulfur batteries are also becoming highly popular for certain uses. Furthermore, major industry stakeholders are making large investments in research and development to improve the efficiency and safety of stationary energy storage batteries. Consequently, the stationary energy storage market is anticipated to grow steadily due to global grid modernization programs, thereby playing a significant role in the global transition to renewable energy.
Stationary Energy Storage Battery Market Segments:

• By Battery
o Lithium Ion
o Sodium Sulphur
o Lead Acid
o Flow Battery
• By Type
o Hydrogen & Ammonia Storage
o Gravitational Energy Storage
o Compressed Air Energy Storage
o Liquid Air Storage
o Thermal Energy Storage
• By Application
o Grid Application
o Behind the Meter
MARKET DYNAMICS
Growth Drivers
Increasing Renewable Energy Integration to Drive Growth in the Stationary Energy Storage Battery Market
Grid Modernization Initiatives Act as a Catalyst for Market Growth
Restraint
High Initial Cost in the Stationary Energy Storage Battery Market Will Impact the Growth

Key Players
• Tesla, Inc.
• Panasonic Corporation
• LG Energy Solution
• Samsung SDI
• BYD Company Limited
• ABB Ltd.
• Siemens AG
• General Electric Company
• Fluence Energy, Inc.
• Saft Groupe (Total SE)
• Toshiba Corporation
• Honeywell International Inc.
• NEC Corporation
• Mitsubishi Electric Corporation
• Lockheed Martin Corporation
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)





Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA


Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Stationary Energy Storage Battery Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Stationary Energy Storage Battery Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Stationary Energy Storage Battery Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry Ecosystem Channel Analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Stationary Energy Storage Battery Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Stationary Energy Storage Battery Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Battery
11.3.1.1. Lithium-Ion
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Sodium Sulphur
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Lead Acid
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Flow Battery
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Type
11.3.2.1.Hydrogen & Ammonia Storage
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Gravitational Energy Storage
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Compressed Air Energy Storage
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Liquid Air Storage
11.3.2.4.1. By Value (USD Million) 2024-2034F
11.3.2.4.2.Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5. Thermal Energy Storage
11.3.2.5.1. By Value (USD Million) 2024-2034F
11.3.2.5.2.Market Share (%) 2024-2034F
11.3.2.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Application
11.3.3.1.Grid Application
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Behind the Meter
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
12. North America Stationary Energy Storage Battery Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Battery
12.3.2.By Type
12.3.3.By Application
12.4. Country
12.4.1.United States
12.4.2. Canada
13. Europe Stationary Energy Storage Battery Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Battery
13.3.2.By Type
13.3.3.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Stationary Energy Storage Battery Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Battery
14.3.2.By Type
14.3.3.By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Stationary Energy Storage Battery Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Battery
15.3.2.By Type
15.3.3.By Application
15.4. Country
15.4.1.Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Stationary Energy Storage Battery Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Battery
16.3.2.By Type
16.3.3.By Application
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.Tesla, Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Panasonic Corporation
18.3.LG Energy Solution
18.4.Samsung SDI
18.5.BYD Company Limited
18.6.ABB Ltd.
18.7.Siemens AG
18.8.General Electric Company
18.9.Fluence Energy, Inc.
18.10.Saft Groupe (Total SE)
18.11. Toshiba Corporation
18.12.Honeywell International Inc.
18.13.NEC Corporation
18.14.Mitsubishi Electric Corporation
18.15.Lockheed Martin Corporation
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation