Stationary Battery Storage Market Size & Share, by Battery (Lithium Ion, Sodium Sulphur, Lead Acid, Flow Battery); Type of Energy Storage (Hydrogen & Ammonia Storage, Gravitational Energy Storage, Compressed Air Energy Storage, Liquid Air Storage, Thermal Energy Storage); Application (Grid Services, Behind the Meter) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5566
  • Published Date: Jan 23, 2024
  • Report Format: PDF, PPT

Companies Dominating the Stationary Battery Storage Landscape

top-features-companies
    • Tesla
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Exide Technologies
    • Durapower Group
    • Duracell, INC
    • Siemens AG
    • BYD Company Ltd.
    • Samsung SDI Co., Ltd
    • A123 Systems, LLC
    • LG Chem Ltd.
    • Lockheed Martin Corporation

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

  • March 2022: Tesla announced that it is establishing new energy storage system production plants in Queensland. In order to provide Queenslanders with more reliable, affordable, and clean electricity, publicly owned generator CS Energy would therefore build a grid-scale battery near Chinchilla. The Tesla Megapack-based battery, which will serve as part of CS Energy's energy center at Kogan Creek, will have a capacity of 100 megawatts and 200 megawatt hours.
     
  • November 2021: The Duracell Power Center product line will consist of 5 kW and 10 kW inverter outputs with batteries expandable from 14 kWh to 84 kWh. The Power Center's unique bi-directional inverter technology allows new and existing residential solar owners to store excess solar power for use in the evening, maximizing their solar investment, while increasing energy security and independence, all without additional hardware.  In addition, Power Center offers the flexibility of remote software upgrades to meet ever changing power regulatory standards.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5566
  • Published Date: Jan 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing emphasis on effective hybrid energy storage and lower cost & advancements in battery technologies are the major factors driving the growth of the stationary battery storage market.

The market size of stationary battery storage is anticipated to attain a CAGR of 30% over the forecast period, i.e., 2024-2036.

The major players in the market are Exide Technologies, Durapower Group, Duracell, INC, Siemens AG, Samsung SDI Co., Ltd, A123 Systems, LLC, LG Chem Ltd., BYD Company Ltd., Lockheed Martin Corporation, and others.

The flow battery segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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