Product Code: GVR-4-68038-643-1
Grid-scale Battery Storage Market Growth & Trends:
The global grid-scale battery storage market size is estimated to reach USD 43.97 billion by 2030, expanding at a CAGR of 27.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. An increase in the number of grid infrastructure, government initiatives, and investments to develop battery technologies and its storage capacity will propel the overall demand.
Increasing awareness among consumers, expanded deployment, utility sectors, technological advancements, and a push from various governments to adopt clean power energy generated by renewable sources are few factors that drive the demand for grid-scale battery storage across the globe. The market in North America accounted for around 21.09% of the global share in 2019.
Asia Pacific is anticipated to register the fastest CAGR from 2020 to 2027 owing to rapid urbanization, transmission & distribution system, increasing industrialization, and subsidies provided by the government for grid-scale battery storage capacity, mainly in the developing countries of India, China, and Singapore.
Considerable developments and investments in renewable energy projects are driving down the cost of lithium-ion batteries, thus increasing the demand for grid-scale storage batteries. The expansions in the grid-scale battery storage are being determined by upgradation of infrastructures, with favorable regulation, and improving system costs. However, exploring of new geographical markets and help in opening of the need for energy storage systems will spur the market development.
Grid-scale Battery Storage Market Report Highlights:
- The lithium-based battery led the market and accounted for the largest revenue share of 85.0% in 2024.
- Other battery types include Sodium sulphur batteries, flow batteries. These batteries are expected to gain market share during the forecast period
- Asia Pacific region is projected to expand at the highest CAGR during the forecast period. China is expected to account for the maximum share in the regional market, in terms of revenue
- The North America grid-scale battery storage market is expected to grow at a CAGR of 27.2% over the forecast period, owing to favorable government policies, technological advancements, and increasing investments in renewable energy.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Grid-scale Battery Storage Market Variables, Trends & Scope
- 3.1. Global Grid-scale Battery Storage Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Average Price Trend Analysis
- 3.5. Supply-Demand GAP Analysis, 2024
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat from New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. Grid-scale Battery Storage Market: Type Outlook Estimates & Forecasts
- 4.1. Grid-scale Battery Storage Market: Type Movement Analysis, 2024 & 2030
- 4.1.1. Lead-Acid
- 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.1.2. Lithium-Based
- 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.1.3. Others
- 4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5. Grid-scale Battery Storage Market: Application Outlook Estimates & Forecasts
- 5.1. Grid-scale Battery Storage Market: Application Movement Analysis, 2024 & 2030
- 5.1.1. Ancillary Services
- 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.1.2. Renewable Integration
- 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.1.3. Others
- 5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 6. Grid-scale Battery Storage Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Grid-scale Battery Storage Market: Regional Movement Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.1.1. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.3.1.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.3.2. U.S
- 6.3.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.2.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.3.2.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.3.3. Canada
- 6.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.3.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.3.3.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.3.4. Mexico
- 6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.4.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.3.4.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.1.1. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.4.1.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.4.2. UK
- 6.4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.2.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.4.2.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.4.3. Germany
- 6.4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.3.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.4.3.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.4.4. France
- 6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.4.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.4.4.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.4.5. Italy
- 6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.5.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.4.5.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.4.6. Spain
- 6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.6.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.4.6.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.1.1. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.5.1.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.5.2. China
- 6.5.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.2.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.5.2.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.5.3. India
- 6.5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.3.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.5.3.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.5.4. Japan
- 6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.4.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.5.4.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.5.5. South Korea
- 6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.5.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.5.5.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.6. Latin America
- 6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.6.1.1. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.6.1.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.6.2. Brazil
- 6.6.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.6.2.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.6.2.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.6.3. Chile
- 6.6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.6.3.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.6.3.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.7.1.1. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.7.1.2. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.7.2. UAE
- 6.7.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.7.2.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.7.2.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.7.3. South Africa
- 6.7.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.7.3.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.7.3.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 6.7.4. Morocco
- 6.7.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.7.4.2. Market Estimates and Forecast, by Type, 2018 - 2030 (USD Million)
- 6.7.4.3. Market Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and Channel Partners
- 7.2.3. List of Potential Customers/End Uses
- 7.3. Competitive Dynamics
- 7.3.1. Competitive Benchmarking
- 7.3.2. Strategy Mapping
- 7.3.3. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Clariant AG
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Type Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. NGK Insulators Ltd.
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Type Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. BYD Co. Ltd.
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Type Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Sumitomo Electric Industries, Ltd.
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Type Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Samsung SDI Co. Ltd.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Type Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. General Electric
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Type Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. GS Yuasa Corp.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Type Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. LG Chem Ltd.
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Type Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Mitsubishi Electric Corp.
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Type Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. Panasonic Corp.
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Type Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.11. ABB Group
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Type Benchmarking
- 7.4.11.4. Strategic Initiatives
- 7.4.12. Hitachi Ltd.
- 7.4.12.1. Participant's Overview
- 7.4.12.2. Financial Performance
- 7.4.12.3. Type Benchmarking
- 7.4.12.4. Strategic Initiatives
- 7.4.13. Fluence Energy
- 7.4.13.1. Participant's Overview
- 7.4.13.2. Financial Performance
- 7.4.13.3. Type Benchmarking
- 7.4.13.4. Strategic Initiatives