Stationary Battery Storage Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2030

By Rahul Varpe

The stationary battery storage market share is gaining immense momentum owing to increasing demand for electricity, ongoing investments toward clean energy solutions, rising frequency of power outages, and rising adoption of lead acid batteries.
A stationary energy storage system can effectively store energy as well as release it in the form of electricity as and when it is required. In majority of cases, a stationary energy storage system includes an assortment of batteries, inverter, an electronic control system, and a thermal management system within an inclusion. In order to qualify for enclosure in the battery storage category, a system should include all the above products needed to store as well as discharge energy.
Stationary battery storage systems serve an assortment of optimization purposes, effectively enhancing the quality, consistency, as well as affordability of electricity. As opposed to a fuel cell, which generates electricity without having the need to charge, these energy storage systems should be charged in order to provide electricity during emergency or other situations.
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An electronic control and batteries are at the core of how stationary energy storage systems operate. Batteries are where the energy is stored in the form of chemical energy. Here, lithium battery is the most common and popular component used for storing the chemical energy in batteries. These battery storage solutions can be used in a plethora of applications within the utility, residential, industrial, and commercial segments.
The stationary battery storage market is bifurcated into various segments in terms of battery, application, and regional landscape.
In terms of battery, the overall stationary battery storage market is categorized into flow battery, lead acid, sodium Sulphur, lithium Ion, and others. The others comprise of nickel cadmium, zinc carbon, and nickel metal hydride battery chemistries among others.
Ease of raw material availability along with competitive price index will drive the demand for lead acid battery segment. Within the off-grid renewable systems spectrum, presently lead acid batteries dominate the industry. A well-established manufacturing base would also contribute towards growth of lead acid batteries.
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On the geographical front, CIS & Eurasia is slated to witness the fastest growth over the coming time period due rising consumer awareness toward energy independence.
Ongoing investments toward clean energy solutions will drive the stationary battery storage industry across Middle East & Africa region.
Rising frequency of power outages coupled with rapidly growing electricity demand will foster the Latin America stationary battery storage industry growth.
Table of Contents
Chapter 1 Methodology & Scope
    	
  • 1.1 Methodology
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  • 1.2 Market definitions
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  • 1.3 Market estimates & forecast parameters	
      		
    • 1.3.1 COVID - 19 impact on market outlook
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  • 1.4 Data sources	
      		
    • 1.4.1 Primary
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    • 1.4.2 Secondary		
        			
      • 1.4.2.1 Paid sources
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      • 1.4.2.2 Public sources
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Chapter 2 Executive Summary
    	
  • 2.1 Stationary battery storage market 360 degree synopsis, 2017 - 2030	
      		
    • 2.1.1 Business trends
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    • 2.1.2 Battery trends
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    • 2.1.3 Application trends
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    • 2.1.4 Regional trends
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Chapter 3 Stationary Battery Storage Industry Insights
    	
  • 3.1 Industry segmentation
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  • 3.2 Industry ecosystem analysis
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  • 3.3 Innovation & Sustainability	
      		
    • 3.3.1 BYD
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    • 3.3.2 Mutlu Battery
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    • 3.3.3 Toshiba
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    • 3.3.4 LG Chem
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    • 3.3.5 Duracell
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    • 3.3.6 Exide Technologies
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    • 3.3.7 Samsung SDI Co., Ltd.
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    • 3.3.8 Panasonic Corporation
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  • 3.4 Regulatory Landscape	
      		
    • 3.4.1 Europe		
        			
      • 3.4.1.1 EU Battery Directive
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      • 3.4.1.2 Secondary European Legislation on Batteries:
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    • 3.4.2 UK		
        			
      • 3.4.2.1 The Batteries and Accumulators Regulations 2008
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      • 3.4.2.2 The Waste Batteries and Accumulators Regulations 2009
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      • 3.4.2.3 Northern Ireland
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    • 3.4.3 Scotland
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    • 3.4.4 U.S.		
        			
      • 3.4.4.1 Codes and Standards for Energy Storage Systems
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      • 3.4.4.2 Electronic Code of Federal Regulations
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      • 3.4.4.3 DOE VTO Advanced Battery R&D Program
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      • 3.4.4.4 Mercury-Containing and Rechargeable Battery Management Act of 1996
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    • 3.4.5 China		
        			
      • 3.4.5.1 China RoHS Directive
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      • 3.4.5.2 Guiding Opinions on Promoting Energy Storage Technology and Industry Development (Guiding Opinions)
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      • 3.4.5.3 Announcement on Promoting Electrical Storage Participation in Ancillary Service in the 'Three Norths' Region
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      • 3.4.5.4 China battery GB standards
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    • 3.4.6 Japan		
        			
      • 3.4.6.1 JISC Standards
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      • 3.4.6.2 DENAN Law
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    • 3.4.7 International Battery Standards and Testing		
        			
      • 3.4.7.1 General Battery Standards
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      • 3.4.7.2 Safety Standards
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      • 3.4.7.3 Quality Standards
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  • 3.5 Customer requirement
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  • 3.6 Customer group requirement
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  • 3.7 Entry barriers
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  • 3.8 COVID - 19 impact on the overall industry outlook, 2020 - 2030	
      		
    • 3.8.1 Optimistic view
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    • 3.8.2 Realistic view
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    • 3.8.3 Pessimistic view
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  • 3.9 Industry impact forces	
      		
    • 3.9.1 Growth drivers		
        			
      • 3.9.1.1 Favourable regulatory framework
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      • 3.9.1.2 Growth in the renewable energy sector
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      • 3.9.1.3 Decline in battery costs
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      • 3.9.1.4 Electrification of transportation sector
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      • 3.9.1.5 Longer shelf life & high energy density
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    • 3.9.2 Industry pitfalls and challenges		
        			
      • 3.9.2.1 Safety concerns
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  • 3.10 Porter's analysis
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  • 3.11 TCO analysis between VRLA and Lithium ion batteries	
      		
    • 3.11.1 Battery Attributes
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    • 3.11.2 Assumptions
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    • 3.11.3 Capital Expense
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    • 3.11.4 Operational Expense
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    • 3.11.5 TCO Calculation
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  • 3.12 Average Project size
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  • 3.13 Installed Cumulative Renewable Capacity (MW)
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  • 3.14 Comparison of key battery technologies
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  • 3.15 Growth potential analysis
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  • 3.16 Price trend analysis	
      		
    • 3.16.1 Prince trend, by battery
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  • 3.17 Leading industry players	
      		
    • 3.17.1 Global players
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    • 3.17.2 North America
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    • 3.17.3 Europe
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    • 3.17.4 Asia Pacific
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    • 3.17.5 Middle East & Africa
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    • 3.17.6 Latin America
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  • 3.18 Competitive landscape, 2020	
      		
    • 3.18.1 Strategy dashboard		
        			
      • 3.18.1.1 GS Yuasa Corporation
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      • 3.18.1.2 Samsung SDI
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      • 3.18.1.3 LG Chem
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      • 3.18.1.4 Johnson Controls
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      • 3.18.1.5 Hitachi Chemical Co., Ltd.
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      • 3.18.1.6 Tesla
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      • 3.18.1.7 Enersys
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      • 3.18.1.8 Hoppecke Batteries, Inc.
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      • 3.18.1.9 Exide Technologies
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  • 3.19 PESTEL Analysis

About Author

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid...

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