Global Grid-Scale Battery Market to Witness 31.8% CAGR During 2018 - PowerPoint PPT Presentation

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Global Grid-Scale Battery Market to Witness 31.8% CAGR During 2018

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Some of the key players providing grid-scale battery across the globe are LG Chem, Ltd., Tesla Inc., BYD Company Limited, General Electric Company, Panasonic Corporation, ABB Group, Samsung SDI Co. Ltd., Seiko Epson Corporation, Toshiba Corporation, Fluence Energy, LLC, and GS Yuasa Corporation – PowerPoint PPT presentation

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Title: Global Grid-Scale Battery Market to Witness 31.8% CAGR During 2018


1
Grid-Scale Battery Market
2
Grid-Scale Battery Market
Industry Overview
The global grid-scale battery market is predicted
to grow at 31.8 CAGR during the forecast period
with the market size reaching USD 7.8 billion by
2024 from USD 1.1 billion in 2017. The market is
driven by the factors such as the declining
grid-scale battery cost, increasing investment in
renewable energy across the globe, increasing
support for renewable energy, and government
initiatives for energy efficiency. However, some
of the environmental applications and durability
concern of these batteries in extreme weather
conditions are anticipated to hinder the growth
of the maret to some extent.
3
Grid-Scale Battery Market
Based on application, the grid-scale battery
market is segmented into peak shift, ancillary
services, renewable integration, back-up power,
and others. Others include ramping, microgrids,
black start, and transmission/distribution
upgrade deferral. Renewable integration is the
largest application area in the market and also
anticipated to witness the highest growth during
the forecast period. Some of the factors
attributed to the market growth are security and
resiliency from microgrid applications, increased
reliability, energy efficiency, attainment of
renewable targets, and others.
4
Grid-Scale Battery Market
Geographic Overview
North America is the second largest grid-scale
battery market primarily due to the technological
advancements, and increasing focus on energy
storage and renewable energy. U.S. is the largest
market in North American grid-scale battery
market, due to the presence of large number of
players in the region and government initiatives
for renewable enrgy.
5
Grid-Scale Battery Market
Competitive Insight
Some of the key players providing grid-scale
battery across the globe are LG Chem, Ltd., Tesla
Inc., BYD Company Limited, General Electric
Company, Panasonic Corporation, ABB Group,
Samsung SDI Co. Ltd., Seiko Epson Corporation,
Toshiba Corporation, Fluence Energy, LLC, and GS
Yuasa Corporation Explore Full Report Sample at
https//www.vynzresearch.com/energy-power/grid-sca
le-battery-market
6
  • About VynZ Research
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7
Grid-Scale Battery Market
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le-battery-market/request-sample
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