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.
This report 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.
MARKET MONITOR GLOBAL, INC (MMG) has 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
Sodium–Sulfur 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