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Grid Scale Battery: Introduction

  • Grid scale battery enables energy storage on a large scale within electrical power grids. Grid scale battery technology is divided into UPS, electricity transmission and distribution, grid support, and energy management.
  • UPS as energy storage plays a significant role in terms of frequency and power quality. An electricity transmission and distribution grid support system uses a technique called Automatic Grid Control (AGC) to balance generation and load. Energy management techniques are generally used in bulk power management for large renewable energy projects such as wind farms.
  • The grid scale battery provides benefits and services such as load management, power quality, and uninterruptable power supply to increase efficiency and secure provision of electricity which helps in energy transition and sustainable energy systems
  • Grid scale batteries have different applications in pumped-storage hydroelectricity, electric battery, flow battery, flywheel energy storage, supercapacitors etc.
  • Grid scale batteries are widely used in ancillary services, renewable integration, firm capacity, and various applications used at the site of renewable energy generation and at transmission and distribution facilities of the power sector

Growing Demand for Grid Scale Battery

  • Advancement in technology, and growing demand for energy efficient machinery and energy storage can offer different opportunities for grid scale battery. Demand for grid scale battery is rising due to need for energy production from renewable sources such as solar photovoltaic and wind power to enhance stability and reliability of grids.
  • Renewable energy sources such as wind and solar energy are dependent on weather conditions which reduces its efficiency; hence the integration of renewable energy systems with grid scale batteries can help to remove these shortcomings and provide uninterrupted power supply

Asia Pacific to Lead the Global Grid Scale Battery Market

  • Asia Pacific is the fastest growing grid scale battery market due to rapid industrialization and urbanization which consequently increases the demand for electricity. Thus, increasing focus on rural electrification using grid scale batteries offers huge opportunities for the growth of the grid scale battery market in Asia Pacific
  • A growing renewable sector positively affects the growth of the grid scale battery market due to the continuously growing population and their demand for electricity
  • Demand for lithium-ion battery is increasing due to technological innovations and improved manufacturing capacity, as these batteries have high energy density, fast recharge capability, and high discharge power. This boosts the growth of the global grid scale battery market in Asia Pacific.
  • Increasing need for system flexibility and increased usage of grid scale battery with renewable energy systems in the residential sector and in power systems helps in the growth of the grid scale battery market

Key Players Operating in the Global Grid Scale Battery Market

  • Panasonic Corporation
  • Contemporary Amperex Technology Co. Ltd.
  • Samsung SDI Co. Ltd.
  • BYD Co. Ltd.
  • LG Chem Ltd.
  • Hitachi Ltd.
  • NGK Insulators Ltd.
  • Sumitomo Electric Industries, Ltd.

Global Grid Scale Battery Market: Research Scope

Global Grid Scale Battery Market, by Type

  • Lithium-ion Battery
  • Lead Acid Battery
  • Flow Battery
  • Sodium Based Battery
  • Others

Global Grid Scale Battery Market, by Application

  • Renewable Integration Battery
  • Peak Shift Battery
  • Ancillary Service Battery
  • Back-up Power Battery
  • Others

Global Grid Scale Battery Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Grid Scale Battery Market

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