Report Description

Global Grid Scale Energy Storage Systems Market By Battery Type (Lithium-Ion, Lead Acid & Others), By Ownership Model (Third Party-Owned & Utility-Owned), By Application (Renewable Integration, Peak Shifting & Others), By Region, Competition, Forecast & Opportunities, 2030

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Power

Global grid scale energy storage systems market is anticipated to witness substantial growth by 2030, exhibiting a CAGR of over 30% during forecast period. The key growth driver for grid scale energy storage systems market is the large-scale addition of renewable power projects. Moreover, advancements in technology and increasing demand for power all over the world is further anticipated to boost the growth of grid scale energy storage systems market in the coming years.

Grid scale energy storage systems market has been segmented into battery type, ownership model, application and region. Based on battery type, the market has been categorized into lithium-ion, lead acid, flow battery, sodium-based battery and others. Based on ownership model, the market is categorized into third party-owned and utility-owned. On the basis of application, the market is segmented into renewable integration, peak shifting, ancillary services, backup power and others. Notably, factors like energy efficiency, increased reliability, security and resiliency from microgrid applications are anticipated to propel growth of global grid scale energy storage systems market during forecast period.

Regionally, the market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among these regions, North America is anticipated to lead global grid-scale battery market on account of rising demand for renewable energy storage in residential, non-residential as well as utility sectors in the region.

Some of the key players operating in the market include, Benchmarking, LG Chem, Ltd., Samsung SDI Co., Ltd., Panasonic Corporation, Fluence Energy, LLC, Tesla, Inc.,  BYD Company Limited, ABB Group, General Electric (GE), GS Yuasa Corporation, Toshiba Corporation, Saft Groupe S.A., S&C Electric Company, NGK Insulators Ltd., among others.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2030

Objective of the Study:

  • To analyze and forecast global grid scale energy storage systems market size.
  • To forecast global grid scale energy storage systems market based on battery type, ownership model, application and regional distribution.
  • To identify drivers and challenges for global grid scale energy storage systems market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global grid scale energy storage systems market.
  • To conduct pricing analysis for grid scale energy storage systems market.
  • To identify and analyze the profile of leading players involved in the manufacturing of grid scale energy storage systems.


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Some of the leading players in global grid scale energy storage systems market are LG Chem, Ltd., Samsung SDI Co., Ltd., Panasonic Corporation, Fluence Energy, LLC, Tesla, Inc., BYD Company Limited, ABB Group, General Electric (GE), GS Yuasa Corporation, Toshiba Corporation, Saft Groupe S.A., S&C Electric Company, NGK Insulators Ltd, among others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global grid scale energy storage systems market.

TechSci Research calculated global grid scale energy storage systems market size using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Grid scale energy storage systems manufacturers and suppliers
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global grid scale energy storage systems market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Battery Type:
    • Lithium-Ion
    • Lead Acid
    • Flow Battery
    • Sodium-Based Battery
    • Others
      • Nickel–Cadmium Battery
      • Nickel–Iron Battery
      • Nickel Metal Hydride Battery
  • Market, By Ownership Model:
    • Third Party-Owned
    • Utility-Owned
  • Market, By Application:
    • Renewable Integration
    • Peak Shifting
    • Backup Power
    • Ancillary Services
    • Others
  • Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Thailand
    • Europe
      • United Kingdom
      • Italy
      • France
      • Germany
      • Russia
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global grid scale energy storage systems market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com