COVID-19 Impact on Grid Scale Stationary Battery Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the grid scale stationary battery market.

Key Drivers and Restraints of Grid Scale Stationary Battery Market

  • Grid scale stationary battery plays a vital role in generating a relentless and steady power supply. It has evolved as one of the most important solutions for integrating effectively high shares of wind and solar renewables in power systems worldwide. It is used in various industries to deliver strong connectivity and energy storage.
  • High-capacity batteries are installed as means of backup sources to deliver stability to the electrical grid and supply power during power failures or power outages. Increase in usage of renewable energy sources worldwide and enactment of stringent government policies to lower carbon emissions are expected to drive the market during the forecast period.
  • Rise in deployment of renewable energy and favorable government initiatives to reduce carbon emissions are driving the market. Furthermore, continued integration of clean energy systems such as solar and wind necessitates cost-effective technologies for different network synchronization. This is expected to boost the market in the near future. Furthermore, increase in demand for electricity supply and grid stability is expected to augment the market during the forecast period.

Grid Scale Stationary Battery: Battery Type Segment

  • In terms of battery type, the global grid scale stationary battery market can be divided into lithium-ion, sodium sulfur, lead acid, flow battery, and others
  • The lithium-ion segment is projected to hold major share of the global grid scale stationary battery market during the forecast period. Lithium-ion batteries are economically feasible for balancing the grid on a timescale from fraction of a second to a few hours. This serves well to handle a tripping nuclear reactor, a suddenly failing power line, or balancing solar daily variation. Additionally, high energy density of these batteries makes them suitable for applications with high power requirements. These favorable features have led to the rise in installation of lithium-ion based stationary battery storage systems.
  • The sodium sulfur segment is projected to follow the lithium-ion segment during the forecast period. Sodium sulfur batteries are primarily used for load leveling, transmission, and distribution network management, and stabilization of renewable energy and auxiliary services. No self-discharge, quick response time, and high shelf life are other factors estimated to drive the sodium sulfur segment in the near future.

Grid Scale Stationary Battery: Grid Service Segment

  • Based on grid service, the global grid scale stationary battery market can be segmented into frequency regulation, flexible ramping, black start service, energy shifting & capacity deferral, transmission & distribution congestion relief, and others
  • The frequency regulation segment is projected to gain higher share of the global market during the forecast period. Frequency regulation services facilitate the synchronization of power generation resources for efficient grid operation. Increase in integration of clean energy systems, including solar and wind energy, has resulted in the installation of cost-effective solutions to synchronize different grids. This is expected to positively influence the demand for frequency regulation services in the near future.
  • The black start service segment is also projected to hold key share of the global grid scale stationary battery market in the near future. This can be ascribed to the increase in demand for power system flexibility related to power outages or power system failures. In turn, this is expected to drive the global grid scale stationary battery market during the forecast period.

Asia Pacific to Hold Leading Share of Grid Scale Stationary Battery Market

  • In terms of region, the grid scale stationary battery market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to hold major share of the global grid scale stationary battery market, followed by North America and Europe, during the forecast period. This can be ascribed to the rise in investments in power generation capacity, owing to the increase in demand for electrification, particularly in rural areas. Emphasis on grid stability and reliable electricity has been rising as countries such as China, India, and Japan continue to industrialize. Furthermore, growth in efforts to lower the carbon footprint by upgrading renewable energy infrastructure is likely to boost the market in the near future.
  • The grid scale stationary battery market in Europe and North America is projected to expand at a rapid pace in the near future. Expansion of the market in North America can be ascribed to the increase in investment in refurbishment of old grid networks in the region. The U.S. holds major share of the regional market, as the country is one of the significant energy consumers of grid-scale storage battery systems.

Key Manufacturers Operating in Grid Scale Stationary Battery Market

The global grid scale stationary battery market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the grid scale stationary battery market include:

  • Johnson Controls
  • Durapower
  • Uniper
  • Tesla
  • Furukawa Battery Co., Ltd.
  • Hoppecke Batteries, Inc.
  • Toshiba Corporation
  • Exide Technologies, LLC
  • Koninklijke Philips N.V.
  • Panasonic
  • Toshiba Corporation

Grid Scale Stationary Battery: Research Scope

Grid Scale Stationary Battery Market, by Battery Type

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

Grid Scale Stationary Battery Market, by Grid Service

  • Frequency Regulation
  • Flexible Ramping
  • Black Start Service
  • Energy Shifting & Capacity Deferral
  • Transmission & Distribution Congestion Relief
  • Others

Global Grid Scale Stationary Battery Market, by Region

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

Grid Scale Stationary Battery: Introduction

  • Grid scale stationary battery is considered key to success in a carbon-constrained world. It introduces flexibility into power systems and enables the optimal use of variable electricity sources such as solar and wind energy, while ensuring consumers continue to receive an uninterrupted electricity supply.
  • It is used for many purposes, from small-scale home storage systems to multi-megawatt batteries that help balance services and mitigate grid congestion, blackouts, and brownouts. Grid scale stationary battery can connect to the distribution or transmission network and support the grid by providing system operation services and solar photovoltaic and wind generators. It can also defer energy at peak generation and provide grid reinforcements.

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Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Grid Scale Stationary Battery Market