The global Utility-Scale Battery Storage market was valued at US$ 4489 million in 2023 and is anticipated to reach US$ 14370 million by 2030, witnessing a CAGR of 18.6% during the forecast period 2024-2030.
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%.
This report aims to provide a comprehensive presentation of the global market for Utility-Scale Battery Storage, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Utility-Scale Battery Storage.
Report Scope
The Utility-Scale Battery Storage market size, estimations, and forecasts are provided in terms of output/shipments (KWh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Utility-Scale Battery Storage market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Utility-Scale Battery Storage manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Panasonic Corporation
LG Chemicals
Samsung
BYD
ABB
Tesla
STEAG
NGK Insulators
GS Yuasa International Ltd
AES Energy Storage
S&C Electric
Seeo
Segment by Type
Li-ion Battery
Sodium-Sulphur Battery
Flow Battery
Lead Acid Battery
Others
Segment by Application
Industrial
Commercial
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Utility-Scale Battery Storage manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Utility-Scale Battery Storage by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Utility-Scale Battery Storage in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Utility-Scale Battery Storage Market Overview
1.1 Product Definition
1.2 Utility-Scale Battery Storage Segment by Type
1.2.1 Global Utility-Scale Battery Storage Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Li-ion Battery
1.2.3 Sodium-Sulphur Battery
1.2.4 Flow Battery
1.2.5 Lead Acid Battery
1.2.6 Others
1.3 Utility-Scale Battery Storage Segment by Application
1.3.1 Global Utility-Scale Battery Storage Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Industrial
1.3.3 Commercial
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Utility-Scale Battery Storage Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Utility-Scale Battery Storage Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Utility-Scale Battery Storage Production Estimates and Forecasts (2019-2030)
1.4.4 Global Utility-Scale Battery Storage Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Utility-Scale Battery Storage Production Market Share by Manufacturers (2019-2024)
2.2 Global Utility-Scale Battery Storage Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Utility-Scale Battery Storage, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Utility-Scale Battery Storage Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Utility-Scale Battery Storage Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Utility-Scale Battery Storage, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Utility-Scale Battery Storage, Product Offered and Application
2.8 Global Key Manufacturers of Utility-Scale Battery Storage, Date of Enter into This Industry
2.9 Utility-Scale Battery Storage Market Competitive Situation and Trends
2.9.1 Utility-Scale Battery Storage Market Concentration Rate
2.9.2 Global 5 and 10 Largest Utility-Scale Battery Storage Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Utility-Scale Battery Storage Production by Region
3.1 Global Utility-Scale Battery Storage Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Utility-Scale Battery Storage Production Value by Region (2019-2030)
3.2.1 Global Utility-Scale Battery Storage Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Utility-Scale Battery Storage by Region (2025-2030)
3.3 Global Utility-Scale Battery Storage Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Utility-Scale Battery Storage Production by Region (2019-2030)
3.4.1 Global Utility-Scale Battery Storage Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Utility-Scale Battery Storage by Region (2025-2030)
3.5 Global Utility-Scale Battery Storage Market Price Analysis by Region (2019-2024)
3.6 Global Utility-Scale Battery Storage Production and Value, Year-over-Year Growth
3.6.1 North America Utility-Scale Battery Storage Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Utility-Scale Battery Storage Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Utility-Scale Battery Storage Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Utility-Scale Battery Storage Production Value Estimates and Forecasts (2019-2030)
4 Utility-Scale Battery Storage Consumption by Region
4.1 Global Utility-Scale Battery Storage Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Utility-Scale Battery Storage Consumption by Region (2019-2030)
4.2.1 Global Utility-Scale Battery Storage Consumption by Region (2019-2024)
4.2.2 Global Utility-Scale Battery Storage Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Utility-Scale Battery Storage Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Utility-Scale Battery Storage Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Utility-Scale Battery Storage Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Utility-Scale Battery Storage Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Utility-Scale Battery Storage Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Utility-Scale Battery Storage Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Utility-Scale Battery Storage Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Utility-Scale Battery Storage Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Utility-Scale Battery Storage Production by Type (2019-2030)
5.1.1 Global Utility-Scale Battery Storage Production by Type (2019-2024)
5.1.2 Global Utility-Scale Battery Storage Production by Type (2025-2030)
5.1.3 Global Utility-Scale Battery Storage Production Market Share by Type (2019-2030)
5.2 Global Utility-Scale Battery Storage Production Value by Type (2019-2030)
5.2.1 Global Utility-Scale Battery Storage Production Value by Type (2019-2024)
5.2.2 Global Utility-Scale Battery Storage Production Value by Type (2025-2030)
5.2.3 Global Utility-Scale Battery Storage Production Value Market Share by Type (2019-2030)
5.3 Global Utility-Scale Battery Storage Price by Type (2019-2030)
6 Segment by Application
6.1 Global Utility-Scale Battery Storage Production by Application (2019-2030)
6.1.1 Global Utility-Scale Battery Storage Production by Application (2019-2024)
6.1.2 Global Utility-Scale Battery Storage Production by Application (2025-2030)
6.1.3 Global Utility-Scale Battery Storage Production Market Share by Application (2019-2030)
6.2 Global Utility-Scale Battery Storage Production Value by Application (2019-2030)
6.2.1 Global Utility-Scale Battery Storage Production Value by Application (2019-2024)
6.2.2 Global Utility-Scale Battery Storage Production Value by Application (2025-2030)
6.2.3 Global Utility-Scale Battery Storage Production Value Market Share by Application (2019-2030)
6.3 Global Utility-Scale Battery Storage Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Panasonic Corporation
7.1.1 Panasonic Corporation Utility-Scale Battery Storage Corporation Information
7.1.2 Panasonic Corporation Utility-Scale Battery Storage Product Portfolio
7.1.3 Panasonic Corporation Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Panasonic Corporation Main Business and Markets Served
7.1.5 Panasonic Corporation Recent Developments/Updates
7.2 LG Chemicals
7.2.1 LG Chemicals Utility-Scale Battery Storage Corporation Information
7.2.2 LG Chemicals Utility-Scale Battery Storage Product Portfolio
7.2.3 LG Chemicals Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.2.4 LG Chemicals Main Business and Markets Served
7.2.5 LG Chemicals Recent Developments/Updates
7.3 Samsung
7.3.1 Samsung Utility-Scale Battery Storage Corporation Information
7.3.2 Samsung Utility-Scale Battery Storage Product Portfolio
7.3.3 Samsung Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Samsung Main Business and Markets Served
7.3.5 Samsung Recent Developments/Updates
7.4 BYD
7.4.1 BYD Utility-Scale Battery Storage Corporation Information
7.4.2 BYD Utility-Scale Battery Storage Product Portfolio
7.4.3 BYD Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.4.4 BYD Main Business and Markets Served
7.4.5 BYD Recent Developments/Updates
7.5 ABB
7.5.1 ABB Utility-Scale Battery Storage Corporation Information
7.5.2 ABB Utility-Scale Battery Storage Product Portfolio
7.5.3 ABB Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.5.4 ABB Main Business and Markets Served
7.5.5 ABB Recent Developments/Updates
7.6 Tesla
7.6.1 Tesla Utility-Scale Battery Storage Corporation Information
7.6.2 Tesla Utility-Scale Battery Storage Product Portfolio
7.6.3 Tesla Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Tesla Main Business and Markets Served
7.6.5 Tesla Recent Developments/Updates
7.7 STEAG
7.7.1 STEAG Utility-Scale Battery Storage Corporation Information
7.7.2 STEAG Utility-Scale Battery Storage Product Portfolio
7.7.3 STEAG Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.7.4 STEAG Main Business and Markets Served
7.7.5 STEAG Recent Developments/Updates
7.8 NGK Insulators
7.8.1 NGK Insulators Utility-Scale Battery Storage Corporation Information
7.8.2 NGK Insulators Utility-Scale Battery Storage Product Portfolio
7.8.3 NGK Insulators Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.8.4 NGK Insulators Main Business and Markets Served
7.7.5 NGK Insulators Recent Developments/Updates
7.9 GS Yuasa International Ltd
7.9.1 GS Yuasa International Ltd Utility-Scale Battery Storage Corporation Information
7.9.2 GS Yuasa International Ltd Utility-Scale Battery Storage Product Portfolio
7.9.3 GS Yuasa International Ltd Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.9.4 GS Yuasa International Ltd Main Business and Markets Served
7.9.5 GS Yuasa International Ltd Recent Developments/Updates
7.10 AES Energy Storage
7.10.1 AES Energy Storage Utility-Scale Battery Storage Corporation Information
7.10.2 AES Energy Storage Utility-Scale Battery Storage Product Portfolio
7.10.3 AES Energy Storage Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.10.4 AES Energy Storage Main Business and Markets Served
7.10.5 AES Energy Storage Recent Developments/Updates
7.11 S&C Electric
7.11.1 S&C Electric Utility-Scale Battery Storage Corporation Information
7.11.2 S&C Electric Utility-Scale Battery Storage Product Portfolio
7.11.3 S&C Electric Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.11.4 S&C Electric Main Business and Markets Served
7.11.5 S&C Electric Recent Developments/Updates
7.12 Seeo
7.12.1 Seeo Utility-Scale Battery Storage Corporation Information
7.12.2 Seeo Utility-Scale Battery Storage Product Portfolio
7.12.3 Seeo Utility-Scale Battery Storage Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Seeo Main Business and Markets Served
7.12.5 Seeo Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Utility-Scale Battery Storage Industry Chain Analysis
8.2 Utility-Scale Battery Storage Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Utility-Scale Battery Storage Production Mode & Process
8.4 Utility-Scale Battery Storage Sales and Marketing
8.4.1 Utility-Scale Battery Storage Sales Channels
8.4.2 Utility-Scale Battery Storage Distributors
8.5 Utility-Scale Battery Storage Customers
9 Utility-Scale Battery Storage Market Dynamics
9.1 Utility-Scale Battery Storage Industry Trends
9.2 Utility-Scale Battery Storage Market Drivers
9.3 Utility-Scale Battery Storage Market Challenges
9.4 Utility-Scale Battery Storage Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Panasonic Corporation
LG Chemicals
Samsung
BYD
ABB
Tesla
STEAG
NGK Insulators
GS Yuasa International Ltd
AES Energy Storage
S&C Electric
Seeo
听
听
*If Applicable.