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The grid-scale battery market is expected to grow by USD 3.78 billion from 2020 to 2025. The year-over-year growth rate of the market in 2021 is 10.36%.
The grid-scale battery market report covers the following areas:
Frequently Asked Questions:
- Based on segmentation by Geography, which is the leading segment in the market?
Based on segmentation by geography, APAC is the leading segment of the market.
- Based on segmentation by product, which is the leading segment in the market?
The lithium-based segment is the leading segment of the market.
- At what rate is the market projected to grow?
The market is projected to grow at a CAGR of 10.46%.
- How big is the APAC market?
APAC is expected to account for 59% of the market's growth during the forecast period.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. In a bid to help players strengthen their market foothold, this grid-scale battery market forecast report provides a detailed analysis of the leading market vendors. ABB Ltd., BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., General Electric Co., LG Electronics Inc., NGK Insulators Ltd., Samsung SDI Co. Ltd., SolarEdge Technologies Inc., Sumitomo Electric Industries Ltd., and Tesla Inc. are some of the major market participants.
Grid-scale Battery Market 2021-2025: Segmentation
- Product
- Geography
- APAC
- MEA
- North America
- Europe
- South America
To learn more about the contribution of each segment of the market, View a Free Sample
Grid-scale Battery Market 2021-2025: Scope
Technavio presents a detailed analysis of the market by the way of study, synthesis, and summation of data from multiple sources.
The growing ESS demand from utilities, increasing focus on renewable power generation, and growing urbanization and electricity demand will offer immense growth opportunities. However, regulatory barriers for grid-scale ESS installations may pose a challenge for the market vendors.
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Grid-scale Battery Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist grid-scale battery market growth during the next five years
- Estimation of the grid-scale battery market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the grid-scale battery market across APAC, MEA, North America, Europe, and South America
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of grid-scale battery market vendors
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Grid-scale Battery Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.46% |
Market growth 2021-2025 |
USD 3.78 billion |
Market structure |
Fragmented |
YoY growth (%) |
10.36 |
Regional analysis |
APAC, MEA, North America, Europe, and South America |
Performing market contribution |
APAC at 59% |
Key consumer countries |
India, China, US, Australia, and South Korea (Republic of Korea) |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., General Electric Co., LG Electronics Inc., NGK Insulators Ltd., Samsung SDI Co. Ltd., SolarEdge Technologies Inc., Sumitomo Electric Industries Ltd., and Tesla Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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