The energy storage system can realize energy transfer and promote the application of new energy; it can establish a micro grid to provide electricity for areas without electricity; it can adjust peak frequency and frequency to improve the operation stability of the power system. Energy storage system has great strategic significance for the construction of smart grid.
Grid Battery Storage Systems Market contains market size and forecasts of Grid Battery Storage Systems in global, including the following market information:
- Global Grid Battery Storage Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Grid Battery Storage Systems Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Grid Battery Storage Systems companies in 2021 (%)
The global Grid Battery Storage Systems market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Lithium-Ion Batteries Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Grid Battery Storage Systems include Samsung SDI, LG Chem, Fluence, Hitachi, Kokam, LS Energy Solutions, SMA Solar Technology, NGK Insulators and GE, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Grid Battery Storage Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Grid Battery Storage Systems Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Grid Battery Storage Systems Market Segment Percentages, by Type, 2021 (%)
- Lithium-Ion Batteries
- SodiumSulfur Batteries
- Lead-Acid Batteries
- Others
Global Grid Battery Storage Systems Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Grid Battery Storage Systems Market Segment Percentages, by Application, 2021 (%)
- Residential
- Utility & Commercial
Global Grid Battery Storage Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Grid Battery Storage Systems Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Grid Battery Storage Systems revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Grid Battery Storage Systems revenues share in global market, 2021 (%)
- Key companies Grid Battery Storage Systems sales in global market, 2017-2022 (Estimated), (K Units)
- Key companies Grid Battery Storage Systems sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Samsung SDI
- LG Chem
- Fluence
- Hitachi
- Kokam
- LS Energy Solutions
- SMA Solar Technology
- NGK Insulators
- GE
- Primus Power
- Panasonic
- BYD Energy
- Aggreko
- ABB
- Saft
- Eos Energy Storage
- Exergonix
- Con Edison Solutions
- East Penn Manufacturing
- Enerdel
Industry Market Size
