The global Utility-Scale Battery Storage market size was valued at USD 4619 million in 2023 and is forecast to a readjusted size of USD 14540 million by 2030 with a CAGR of 17.8% during review period.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 103%.
The report includes an overview of the development of the Utility-Scale Battery Storage industry chain, the market status of Industrial (Li-ion Battery, Sodium-Sulphur Battery), Commercial (Li-ion Battery, Sodium-Sulphur Battery), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Utility-Scale Battery Storage.
Regionally, the report analyzes the Utility-Scale Battery Storage markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Utility-Scale Battery Storage market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Utility-Scale Battery Storage market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Utility-Scale Battery Storage industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (KWh), revenue generated, and market share of different by Type (e.g., Li-ion Battery, Sodium-Sulphur Battery).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Utility-Scale Battery Storage market.
Regional Analysis: The report involves examining the Utility-Scale Battery Storage market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Utility-Scale Battery Storage market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Utility-Scale Battery Storage:
Company Analysis: Report covers individual Utility-Scale Battery Storage manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Utility-Scale Battery Storage This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Industrial, Commercial).
Technology Analysis: Report covers specific technologies relevant to Utility-Scale Battery Storage. It assesses the current state, advancements, and potential future developments in Utility-Scale Battery Storage areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Utility-Scale Battery Storage market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Utility-Scale Battery Storage market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Li-ion Battery
Sodium-Sulphur Battery
Flow Battery
Lead Acid Battery
Others
Market segment by Application
Industrial
Commercial
Others
Major players covered
Panasonic Corporation
LG Chemicals
Samsung
BYD
ABB
Tesla
STEAG
NGK Insulators
GS Yuasa International Ltd
AES Energy Storage
S&C Electric
Seeo
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Utility-Scale Battery Storage product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Utility-Scale Battery Storage, with price, sales, revenue and global market share of Utility-Scale Battery Storage from 2019 to 2024.
Chapter 3, the Utility-Scale Battery Storage competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Utility-Scale Battery Storage breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Utility-Scale Battery Storage market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Utility-Scale Battery Storage.
Chapter 14 and 15, to describe Utility-Scale Battery Storage sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope of Utility-Scale Battery Storage
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Utility-Scale Battery Storage Consumption Value by Type: 2019 Versus 2023 Versus 2030
1.3.2 Li-ion Battery
1.3.3 Sodium-Sulphur Battery
1.3.4 Flow Battery
1.3.5 Lead Acid Battery
1.3.6 Others
1.4 Market Analysis by Application
1.4.1 Overview: Global Utility-Scale Battery Storage Consumption Value by Application: 2019 Versus 2023 Versus 2030
1.4.2 Industrial
1.4.3 Commercial
1.4.4 Others
1.5 Global Utility-Scale Battery Storage Market Size & Forecast
1.5.1 Global Utility-Scale Battery Storage Consumption Value (2019 & 2023 & 2030)
1.5.2 Global Utility-Scale Battery Storage Sales Quantity (2019-2030)
1.5.3 Global Utility-Scale Battery Storage Average Price (2019-2030)
2 Manufacturers Profiles
2.1 Panasonic Corporation
2.1.1 Panasonic Corporation Details
2.1.2 Panasonic Corporation Major Business
2.1.3 Panasonic Corporation Utility-Scale Battery Storage Product and Services
2.1.4 Panasonic Corporation Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Panasonic Corporation Recent Developments/Updates
2.2 LG Chemicals
2.2.1 LG Chemicals Details
2.2.2 LG Chemicals Major Business
2.2.3 LG Chemicals Utility-Scale Battery Storage Product and Services
2.2.4 LG Chemicals Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 LG Chemicals Recent Developments/Updates
2.3 Samsung
2.3.1 Samsung Details
2.3.2 Samsung Major Business
2.3.3 Samsung Utility-Scale Battery Storage Product and Services
2.3.4 Samsung Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Samsung Recent Developments/Updates
2.4 BYD
2.4.1 BYD Details
2.4.2 BYD Major Business
2.4.3 BYD Utility-Scale Battery Storage Product and Services
2.4.4 BYD Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 BYD Recent Developments/Updates
2.5 ABB
2.5.1 ABB Details
2.5.2 ABB Major Business
2.5.3 ABB Utility-Scale Battery Storage Product and Services
2.5.4 ABB Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 ABB Recent Developments/Updates
2.6 Tesla
2.6.1 Tesla Details
2.6.2 Tesla Major Business
2.6.3 Tesla Utility-Scale Battery Storage Product and Services
2.6.4 Tesla Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Tesla Recent Developments/Updates
2.7 STEAG
2.7.1 STEAG Details
2.7.2 STEAG Major Business
2.7.3 STEAG Utility-Scale Battery Storage Product and Services
2.7.4 STEAG Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 STEAG Recent Developments/Updates
2.8 NGK Insulators
2.8.1 NGK Insulators Details
2.8.2 NGK Insulators Major Business
2.8.3 NGK Insulators Utility-Scale Battery Storage Product and Services
2.8.4 NGK Insulators Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 NGK Insulators Recent Developments/Updates
2.9 GS Yuasa International Ltd
2.9.1 GS Yuasa International Ltd Details
2.9.2 GS Yuasa International Ltd Major Business
2.9.3 GS Yuasa International Ltd Utility-Scale Battery Storage Product and Services
2.9.4 GS Yuasa International Ltd Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 GS Yuasa International Ltd Recent Developments/Updates
2.10 AES Energy Storage
2.10.1 AES Energy Storage Details
2.10.2 AES Energy Storage Major Business
2.10.3 AES Energy Storage Utility-Scale Battery Storage Product and Services
2.10.4 AES Energy Storage Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 AES Energy Storage Recent Developments/Updates
2.11 S&C Electric
2.11.1 S&C Electric Details
2.11.2 S&C Electric Major Business
2.11.3 S&C Electric Utility-Scale Battery Storage Product and Services
2.11.4 S&C Electric Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 S&C Electric Recent Developments/Updates
2.12 Seeo
2.12.1 Seeo Details
2.12.2 Seeo Major Business
2.12.3 Seeo Utility-Scale Battery Storage Product and Services
2.12.4 Seeo Utility-Scale Battery Storage Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 Seeo Recent Developments/Updates
3 Competitive Environment: Utility-Scale Battery Storage by Manufacturer
3.1 Global Utility-Scale Battery Storage Sales Quantity by Manufacturer (2019-2024)
3.2 Global Utility-Scale Battery Storage Revenue by Manufacturer (2019-2024)
3.3 Global Utility-Scale Battery Storage Average Price by Manufacturer (2019-2024)
3.4 Market Share Analysis (2023)
3.4.1 Producer Shipments of Utility-Scale Battery Storage by Manufacturer Revenue ($MM) and Market Share (%): 2023
3.4.2 Top 3 Utility-Scale Battery Storage Manufacturer Market Share in 2023
3.4.2 Top 6 Utility-Scale Battery Storage Manufacturer Market Share in 2023
3.5 Utility-Scale Battery Storage Market: Overall Company Footprint Analysis
3.5.1 Utility-Scale Battery Storage Market: Region Footprint
3.5.2 Utility-Scale Battery Storage Market: Company Product Type Footprint
3.5.3 Utility-Scale Battery Storage Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Utility-Scale Battery Storage Market Size by Region
4.1.1 Global Utility-Scale Battery Storage Sales Quantity by Region (2019-2030)
4.1.2 Global Utility-Scale Battery Storage Consumption Value by Region (2019-2030)
4.1.3 Global Utility-Scale Battery Storage Average Price by Region (2019-2030)
4.2 North America Utility-Scale Battery Storage Consumption Value (2019-2030)
4.3 Europe Utility-Scale Battery Storage Consumption Value (2019-2030)
4.4 Asia-Pacific Utility-Scale Battery Storage Consumption Value (2019-2030)
4.5 South America Utility-Scale Battery Storage Consumption Value (2019-2030)
4.6 Middle East and Africa Utility-Scale Battery Storage Consumption Value (2019-2030)
5 Market Segment by Type
5.1 Global Utility-Scale Battery Storage Sales Quantity by Type (2019-2030)
5.2 Global Utility-Scale Battery Storage Consumption Value by Type (2019-2030)
5.3 Global Utility-Scale Battery Storage Average Price by Type (2019-2030)
6 Market Segment by Application
6.1 Global Utility-Scale Battery Storage Sales Quantity by Application (2019-2030)
6.2 Global Utility-Scale Battery Storage Consumption Value by Application (2019-2030)
6.3 Global Utility-Scale Battery Storage Average Price by Application (2019-2030)
7 North America
7.1 North America Utility-Scale Battery Storage Sales Quantity by Type (2019-2030)
7.2 North America Utility-Scale Battery Storage Sales Quantity by Application (2019-2030)
7.3 North America Utility-Scale Battery Storage Market Size by Country
7.3.1 North America Utility-Scale Battery Storage Sales Quantity by Country (2019-2030)
7.3.2 North America Utility-Scale Battery Storage Consumption Value by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
8.1 Europe Utility-Scale Battery Storage Sales Quantity by Type (2019-2030)
8.2 Europe Utility-Scale Battery Storage Sales Quantity by Application (2019-2030)
8.3 Europe Utility-Scale Battery Storage Market Size by Country
8.3.1 Europe Utility-Scale Battery Storage Sales Quantity by Country (2019-2030)
8.3.2 Europe Utility-Scale Battery Storage Consumption Value by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
9.1 Asia-Pacific Utility-Scale Battery Storage Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Utility-Scale Battery Storage Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Utility-Scale Battery Storage Market Size by Region
9.3.1 Asia-Pacific Utility-Scale Battery Storage Sales Quantity by Region (2019-2030)
9.3.2 Asia-Pacific Utility-Scale Battery Storage Consumption Value by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
10.1 South America Utility-Scale Battery Storage Sales Quantity by Type (2019-2030)
10.2 South America Utility-Scale Battery Storage Sales Quantity by Application (2019-2030)
10.3 South America Utility-Scale Battery Storage Market Size by Country
10.3.1 South America Utility-Scale Battery Storage Sales Quantity by Country (2019-2030)
10.3.2 South America Utility-Scale Battery Storage Consumption Value by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
11.1 Middle East & Africa Utility-Scale Battery Storage Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Utility-Scale Battery Storage Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Utility-Scale Battery Storage Market Size by Country
11.3.1 Middle East & Africa Utility-Scale Battery Storage Sales Quantity by Country (2019-2030)
11.3.2 Middle East & Africa Utility-Scale Battery Storage Consumption Value by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
12.1 Utility-Scale Battery Storage Market Drivers
12.2 Utility-Scale Battery Storage Market Restraints
12.3 Utility-Scale Battery Storage Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Utility-Scale Battery Storage and Key Manufacturers
13.2 Manufacturing Costs Percentage of Utility-Scale Battery Storage
13.3 Utility-Scale Battery Storage Production Process
13.4 Utility-Scale Battery Storage Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Utility-Scale Battery Storage Typical Distributors
14.3 Utility-Scale Battery Storage Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Panasonic Corporation
LG Chemicals
Samsung
BYD
ABB
Tesla
STEAG
NGK Insulators
GS Yuasa International Ltd
AES Energy Storage
S&C Electric
Seeo
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*If Applicable.
