The stationary battery storage market share is gaining immense momentum owing to increasing demand for electricity, ongoing investments toward clean energy solutions, rising frequency of power outages, and rising adoption of lead acid batteries.
A stationary energy storage system can effectively store energy as well as release it in the form of electricity as and when it is required. In majority of cases, a stationary energy storage system includes an assortment of batteries, inverter, an electronic control system, and a thermal management system within an inclusion. In order to qualify for enclosure in the battery storage category, a system should include all the above products needed to store as well as discharge energy.
Stationary battery storage systems serve an assortment of optimization purposes, effectively enhancing the quality, consistency, as well as affordability of electricity. As opposed to a fuel cell, which generates electricity without having the need to charge, these energy storage systems should be charged in order to provide electricity during emergency or other situations.
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An electronic control and batteries are at the core of how stationary energy storage systems operate. Batteries are where the energy is stored in the form of chemical energy. Here, lithium battery is the most common and popular component used for storing the chemical energy in batteries. These battery storage solutions can be used in a plethora of applications within the utility, residential, industrial, and commercial segments.
The stationary battery storage market is bifurcated into various segments in terms of battery, application, and regional landscape.
In terms of battery, the overall stationary battery storage market is categorized into flow battery, lead acid, sodium Sulphur, lithium Ion, and others. The others comprise of nickel cadmium, zinc carbon, and nickel metal hydride battery chemistries among others.
Ease of raw material availability along with competitive price index will drive the demand for lead acid battery segment. Within the off-grid renewable systems spectrum, presently lead acid batteries dominate the industry. A well-established manufacturing base would also contribute towards growth of lead acid batteries.
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On the geographical front, CIS & Eurasia is slated to witness the fastest growth over the coming time period due rising consumer awareness toward energy independence.
Ongoing investments toward clean energy solutions will drive the stationary battery storage industry across Middle East & Africa region.
Rising frequency of power outages coupled with rapidly growing electricity demand will foster the Latin America stationary battery storage industry growth.
Table Of Content
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.3.1 COVID – 19 impact on market outlook
1.4 Data sources
126.96.36.199 Paid sources
188.8.131.52 Public sources
Chapter 2 Executive Summary
2.1 Stationary battery storage market 3600 synopsis, 2017 – 2030
2.1.1 Business trends
2.1.2 Battery trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Stationary Battery Storage Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.3 Innovation & Sustainability
3.3.2 Mutlu Battery
3.3.4 LG Chem
3.3.6 Exide Technologies
3.3.7 Samsung SDI Co., Ltd.
3.3.8 Panasonic Corporation
3.4 Regulatory Landscape
184.108.40.206 EU Battery Directive
220.127.116.11 Secondary European Legislation on Batteries:
18.104.22.168 The Batteries and Accumulators Regulations 2008
22.214.171.124 The Waste Batteries and Accumulators Regulations 2009
126.96.36.199 Northern Ireland
188.8.131.52 Codes and Standards for Energy Storage Systems
184.108.40.206 Electronic Code of Federal Regulations
220.127.116.11 DOE VTO Advanced Battery R&D Program
18.104.22.168 Mercury-Containing and Rechargeable Battery Management Act of 1996
22.214.171.124 China RoHS Directive
126.96.36.199 Guiding Opinions on Promoting Energy Storage Technology and Industry Development (Guiding Opinions)
188.8.131.52 Announcement on Promoting Electrical Storage Participation in Ancillary Service in the ‘Three Norths’ Region
184.108.40.206 China battery GB standards
220.127.116.11 JISC Standards
18.104.22.168 DENAN Law
3.4.7 International Battery Standards and Testing
22.214.171.124 General Battery Standards
126.96.36.199 Safety Standards
188.8.131.52 Quality Standards
3.5 Customer requirement
3.6 Customer group requirement
3.7 Entry barriers
3.8 COVID – 19 impact on the overall industry outlook, 2020 - 2030
3.8.1 Optimistic view
3.8.2 Realistic view
3.8.3 Pessimistic view
3.9 Industry impact forces
3.9.1 Growth drivers
184.108.40.206 Favourable regulatory framework
220.127.116.11 Growth in the renewable energy sector
18.104.22.168 Decline in battery costs
22.214.171.124 Electrification of transportation sector
126.96.36.199 Longer shelf life & high energy density
3.9.2 Industry pitfalls and challenges
188.8.131.52 Safety concerns
3.10 Porter’s analysis
3.11 TCO analysis between VRLA and Lithium ion batteries
3.11.1 Battery Attributes
3.11.3 Capital Expense
3.11.4 Operational Expense
3.11.5 TCO Calculation
3.12 Average Project size
3.13 Installed Cumulative Renewable Capacity (MW)
3.14 Comparison of key battery technologies
3.15 Growth potential analysis
3.16 Price trend analysis
3.16.1 Prince trend, by battery
3.17 Leading industry players
3.17.1 Global players
3.17.2 North America
3.17.4 Asia Pacific
3.17.5 Middle East & Africa
3.17.6 Latin America
3.18 Competitive landscape, 2020
3.18.1 Strategy dashboard
184.108.40.206 GS Yuasa Corporation
220.127.116.11 Samsung SDI
18.104.22.168 LG Chem
22.214.171.124 Johnson Controls
126.96.36.199 Hitachi Chemical Co., Ltd.
188.8.131.52 Hoppecke Batteries, Inc.
184.108.40.206 Exide Technologies
3.19 PESTEL Analysis
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