The global grid-scale battery storage market was estimated at USD 1,815 million in 2021 and is expected to hit USD 3,674 million by 2028, registering a CAGR of 10.6% from 2022 to 2028 as per the latest report by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global grid-scale battery storage market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the grid-scale battery storage industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the technology, service type, application, end user, and region. The global market for grid-scale battery storage can be segmented by technology: flow batteries, lead-acid batteries, lithium-ion batteries, sodium-based batteries, others. According to the research, the lead-acid batteries segment had the largest share in the global grid-scale battery storage market. Grid-scale battery storage market is further segmented by service type: ancillary services, bulk energy services, transmission and distribution infrastructure services, others. In 2021, the bulk energy services segment made up the largest share of revenue generated by the grid-scale battery storage market. Based on application, the grid-scale battery storage market is segmented into: black start provision, micro grid formation, peak load shifting, uninterruptible power supply, others. Among these, the uninterruptible power supply segment was accounted for the highest revenue generator in 2021. On the basis of end user, the grid-scale battery storage market also can be divided into: commercial, industrial, others. The industrial segment captured the largest share of the market in 2021. Grid-scale battery storage market by region is categorized into: Asia Pacific, Europe, North America, Rest of the World (RoW).

By technology:
– flow batteries
– lead-acid batteries
– lithium-ion batteries
– sodium-based batteries
– others

By service type:
– ancillary services
– bulk energy services
– transmission and distribution infrastructure services
– others

By application:
– black start provision
– micro grid formation
– peak load shifting
– uninterruptible power supply
– others

By end user:
– commercial
– industrial
– others

By region:
– Asia Pacific
– Europe
– North America
– Rest of the World (RoW)

The report also provides analysis of the key companies of the industry and their detailed company profiles including A123 Systems, LLC, ABB Ltd., BrightSource Energy, Inc., BYD Co., Ltd., Duke Energy Corporation, Electrovaya Inc., Eos Energy Storage LLC, GE Renewable Energy, Hokkaido Electric Power Company, Johnson Controls International, LG Chem Ltd, Mitsubishi Heavy Industries, Ltd., NEC Energy Solutions, Inc., NGK Insulators, Ltd., Panasonic Corporation, Renewable Energy Systems Americas, Inc., Robert Bosch GmbH, Saft Groupe SA, Samsung SDI Co., Ltd., Sharp Corporation, Siemens Energy AG, SolarCity Corporation, Sumitomo Electric Industries, Ltd., Tesla, Inc., The Furukawa Battery Co.,Ltd., Toshiba Energy Systems & Solutions Corporation, among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global grid-scale battery storage market.
– To classify and forecast the global grid-scale battery storage market based on technology, service type, application, end user, region.
– To identify drivers and challenges for the global grid-scale battery storage market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global grid-scale battery storage market.
– To identify and analyze the profile of leading players operating in the global grid-scale battery storage market.

Why Choose This Report
– Gain a reliable outlook of the global grid-scale battery storage market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.