Stationary Battery Storage Market
Stationary Battery Storage Market Forecasts to 2030 - Global Analysis By Battery (Sodium sulphur, Lead acid and Other Batteries), Storage Type (Hydrogen and Ammonia Storage type, Gravitational Energy Storage type and Compressed Air Energy Storage type), Application, End User and By Geography
According to Stratistics MRC, the Global Stationary Battery Storage Market is accounted for $118.15 billion in 2024 and is expected to reach $544.47 billion by 2030 growing at a CAGR of 29.0% during the forecast period. Stationary Battery Storage refers to the technology used for storing electrical energy in batteries for later use. Unlike portable batteries, stationary systems are fixed installations often used in homes, businesses, and utility grids. They store energy from renewable sources like solar or wind, or from the grid during off-peak times, to provide power during peak demand, outages, or for grid stabilization. These systems enhance energy efficiency; reduce reliance on fossil fuels, and support a more resilient and sustainable energy infrastructure. Popular battery types for stationary storage include lithium-ion, lead-acid, and flow batteries.
According to the International Renewable Energy Agency (IREA), flow batteries, which are currently under development, might have a two-third reduction in total installed cost by 2030, high-temperature batteries by 56%-60%; flywheels by 35%, and compressed air energy storage by 17%. According to IEA data, electricity will make up 50% of all energy consumed by 2050, up from 20% in 2018.
Market Dynamics:
Driver:
Grid modernization and reliability
Grid modernization and reliability are key drivers in the stationary battery storage market. Modernizing the grid involves integrating advanced technologies like battery storage to enhance stability, efficiency, and resilience against power disruptions. Stationary battery storage systems play a crucial role by providing reliable backup power during outages, thereby ensuring continuous electricity supply and reducing downtime for critical infrastructure and services. These systems also support the integration of renewable energy sources by storing excess power and releasing it during peak demand periods, thus optimizing grid operations and promoting sustainability.
Restraint:
Limited lifecycle and degradation
In the stationary battery storage market, limited lifecycles and degradation restraints are significant factors impacting technology and economic viability. Limited lifecycle refers to the finite number of charge-discharge cycles batteries can undergo before significant capacity loss occurs, necessitating replacement. This constraint influences long-term operational costs and sustainability goals. Degradation restraint pertains to efforts aimed at minimizing or slowing down battery performance decline over time.
Opportunity:
Residential storage solutions
Residential storage solutions represent a significant opportunity in the stationary battery storage market due to their ability to integrate renewable energy sources like solar power and provide backup during grid outages. These systems offer homeowners energy independence, reduced electricity bills through peak shaving, and the potential to sell surplus energy back to the grid. Technological advancements, decreasing costs of battery storage, and supportive policies further enhance this market's appeal, fostering innovation and competition among providers to cater to diverse consumer needs.
Threat:
Technology costs
In the stationary battery storage market, technology costs represent a significant threat due to their impact on project economics and profitability. The high initial costs of battery technologies, including lithium-ion and emerging alternatives, can deter potential investors and increase financial risk. Moreover, rapid advancements and fluctuating prices in battery technology pose challenges in predicting future costs and returns on investment. Variability in raw material prices (e.g., lithium, cobalt) further complicates cost projections.
Covid-19 Impact:
Supply chain disruptions led to delays in battery manufacturing and delivery. However, the heightened focus on energy resilience and reliability during the pandemic drove increased interest in battery storage solutions for backup power. Despite initial setbacks, the market saw accelerated adoption post-pandemic, with investments surging in renewable energy storage, grid stability, and residential backup systems. Additionally, government stimulus packages and policies aimed at green recovery provided further support, reinforcing the sector's growth and technological advancements.
The lithium-ion segment is expected to be the largest during the forecast period
The lithium-ion (Li-ion) segment is rapidly expanding in the stationary battery storage market due to its high energy density, efficiency, and decreasing costs. Li-ion batteries offer superior cycle life and faster charging times compared to traditional lead-acid batteries, making them ideal for applications in renewable energy storage, grid stabilization, and backup power. The push for decarbonization and integration of renewable energy sources has amplified demand, while advancements in battery technology continue to enhance their performance and affordability.
The grid services segment is expected to have the highest CAGR during the forecast period
The grid services segment within the stationary battery storage market is experiencing significant growth due to the increasing demand for grid stability and reliability. This growth is driven by the need for energy storage solutions that can support frequency regulation, voltage control, and grid balancing. The integration of renewable energy sources, such as solar and wind, into the power grid has further amplified the necessity for advanced energy storage systems. Moreover, supportive government policies and incentives for renewable energy adoption and storage technologies are propelling the expansion of this segment.
Region with largest share:
In North America, the stationary battery storage market has experienced significant growth, driven by several key factors. The region's increasing adoption of renewable energy sources, such as wind and solar power, has created a demand for energy storage solutions to manage intermittent supply. Grid modernization initiatives and the need for reliable backup power systems have further fuelled market expansion. Technological advancements in battery storage systems, coupled with supportive government policies and incentives, have also played a crucial role in attracting investments and accelerating deployment.
Region with highest CAGR:
The Asia-Pacific region has experienced significant growth in the stationary battery storage market due to several key factors. The rapid expansion of renewable energy sources like solar and wind has increased the need for storage solutions to manage intermittency and stabilize the grid. Supportive government policies and incentives across countries such as China, Japan, South Korea, and Australia have fostered a favourable environment for investment in battery storage infrastructure. Advancements in battery technology and decreasing costs have made stationary storage solutions more economically viable and attractive to both utilities and industrial consumers.
Key players in the market
Some of the key players in Stationary Battery Storage market include A123 Systems, LLC, BYD Company Ltd., Duracell, Inc., Durapower Group, Exide Technologies, Furukawa Battery Co., Ltd., GS Yuasa International Ltd, Invinity Energy Systems, Johnson Controls, LG Chem Ltd., Lockheed Martin Corporation, Narada Power Source Co. Ltd, Panasonic Corporation, Redflow Limited, Samsung SDI Co., Ltd, SCHMID Group, Siemens, Tesla and Toshiba Corporation.
Key Developments:
In June 2024, Johnson Controls announced that it has reached a definitive agreement to sell its Air Distribution Technologies business to Truelink Capital, a middle-market private equity firm based in Los Angeles. The transaction is expected to close the second half of the calendar year 2024, subject to customary closing conditions.
In June 2024, Toshiba JSW Power Systems announced the appointment of Daisuke Murata as its new Managing Director. In his new role, Murata will bolster the Make-in-India program and Export-from-India initiatives by expanding their business presence in overseas markets including Southeast Asia, the Middle East, and Africa.
Batteries Covered:
• Sodium sulphur
• Lead acid
• Flow battery
• Lithium-ion
• Other Batteries
Storage Types Covered:
• Hydrogen and Ammonia Storage type
• Gravitational Energy Storage type
• Liquid Air Storage type
• Thermal Energy Storage type
• Compressed Air Energy Storage type
Applications Covered:
• Grid services
• Off grid
• Behind the meter
• Other Applications
End Users Covered:
• Government and Public Sector
• Data centers
• Industrial and Manufacturing
• Defense and Military
• Commercial Buildings
• Residential
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact Of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining Power Of Suppliers
4.2 Bargaining Power Of Buyers
4.3 Threat Of Substitutes
4.4 Threat Of New Entrants
4.5 Competitive Rivalry
5 Global Stationary Battery Storage Market, By Battery
5.1 Introduction
5.2 Sodium Sulphur
5.3 Lead Acid
5.4 Flow Battery
5.5 Lithium-Ion
5.5.1 Nickel Manganese Cobalt
5.5.2 Lithium Iron Phosphate
5.5.3 Other Lithium-Ion Batteries
5.6 Other Batteries
6 Global Stationary Battery Storage Market, By Storage Type
6.1 Introduction
6.2 Hydrogen And Ammonia Storage Type
6.3 Gravitational Energy Storage Type
6.4 Liquid Air Storage Type
6.5 Thermal Energy Storage Type
6.6 Compressed Air Energy Storage Type
7 Global Stationary Battery Storage Market, By Application
7.1 Introduction
7.2 Grid Services
7.2.1 Black Start Services
7.2.2 Flexible Ramping
7.2.3 Frequency Regulation
7.2.4 Energy Shifting & Capacity Deferral
7.2.5 Capacity Firming
7.2.6 Transmission And Distribution Congestion Relief
7.2.7 Reduced Reliance On Diesel Gensets
7.2.8 Reduced Renewable Energy Curtailment
7.3 Off Grid
7.4 Behind The Meter
7.4.1 System Operations
7.4.2 Electricity Consumers
7.4.3 Mini Grids
7.5 Other Applications
8 Global Stationary Battery Storage Market, By End User
8.1 Introduction
8.2 Government And Public Sector
8.3 Data Centers
8.4 Industrial And Manufacturing
8.5 Defense And Military
8.6 Commercial Buildings
8.7 Residential
8.8 Other End Users
9 Global Stationary Battery Storage Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest Of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest Of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest Of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest Of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations And Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 A123 Systems, LLC
11.2 BYD Company Ltd.
11.3 Duracell, Inc.
11.4 Durapower Group
11.5 Exide Technologies
11.6 Furukawa Battery Co., Ltd.
11.7 GS Yuasa International Ltd
11.8 Invinity Energy Systems
11.9 Johnson Controls
11.10 LG Chem Ltd.
11.11 Lockheed Martin Corporation
11.12 Narada Power Source Co. Ltd
11.13 Panasonic Corporation
11.14 Redflow Limited
11.15 Samsung SDI Co., Ltd
11.16 SCHMID Group
11.17 Siemens
11.18 Tesla
11.19 Toshiba Corporation
List Of Tables
1 Global Stationary Battery Storage Market Outlook, By Region (2022-2030) ($MN)
2 Global Stationary Battery Storage Market Outlook, By Battery (2022-2030) ($MN)
3 Global Stationary Battery Storage Market Outlook, By Sodium Sulphur (2022-2030) ($MN)
4 Global Stationary Battery Storage Market Outlook, By Lead Acid (2022-2030) ($MN)
5 Global Stationary Battery Storage Market Outlook, By Flow Battery (2022-2030) ($MN)
6 Global Stationary Battery Storage Market Outlook, By Lithium-Ion (2022-2030) ($MN)
7 Global Stationary Battery Storage Market Outlook, By Nickel Manganese Cobalt (2022-2030) ($MN)
8 Global Stationary Battery Storage Market Outlook, By Lithium Iron Phosphate (2022-2030) ($MN)
9 Global Stationary Battery Storage Market Outlook, By Other Lithium-Ion Batteries (2022-2030) ($MN)
10 Global Stationary Battery Storage Market Outlook, By Other Batteries (2022-2030) ($MN)
11 Global Stationary Battery Storage Market Outlook, By Storage Type (2022-2030) ($MN)
12 Global Stationary Battery Storage Market Outlook, By Hydrogen And Ammonia Storage Type (2022-2030) ($MN)
13 Global Stationary Battery Storage Market Outlook, By Gravitational Energy Storage Type (2022-2030) ($MN)
14 Global Stationary Battery Storage Market Outlook, By Liquid Air Storage Type (2022-2030) ($MN)
15 Global Stationary Battery Storage Market Outlook, By Thermal Energy Storage Type (2022-2030) ($MN)
16 Global Stationary Battery Storage Market Outlook, By Compressed Air Energy Storage Type (2022-2030) ($MN)
17 Global Stationary Battery Storage Market Outlook, By Application (2022-2030) ($MN)
18 Global Stationary Battery Storage Market Outlook, By Grid Services (2022-2030) ($MN)
19 Global Stationary Battery Storage Market Outlook, By Black Start Services (2022-2030) ($MN)
20 Global Stationary Battery Storage Market Outlook, By Flexible Ramping (2022-2030) ($MN)
21 Global Stationary Battery Storage Market Outlook, By Frequency Regulation (2022-2030) ($MN)
22 Global Stationary Battery Storage Market Outlook, By Energy Shifting & Capacity Deferral (2022-2030) ($MN)
23 Global Stationary Battery Storage Market Outlook, By Capacity Firming (2022-2030) ($MN)
24 Global Stationary Battery Storage Market Outlook, By Transmission And Distribution Congestion Relief (2022-2030) ($MN)
25 Global Stationary Battery Storage Market Outlook, By Reduced Reliance On Diesel Gensets (2022-2030) ($MN)
26 Global Stationary Battery Storage Market Outlook, By Reduced Renewable Energy Curtailment (2022-2030) ($MN)
27 Global Stationary Battery Storage Market Outlook, By Off Grid (2022-2030) ($MN)
28 Global Stationary Battery Storage Market Outlook, By Behind The Meter (2022-2030) ($MN)
29 Global Stationary Battery Storage Market Outlook, By System Operations (2022-2030) ($MN)
30 Global Stationary Battery Storage Market Outlook, By Electricity Consumers (2022-2030) ($MN)
31 Global Stationary Battery Storage Market Outlook, By Mini Grids (2022-2030) ($MN)
32 Global Stationary Battery Storage Market Outlook, By Other Applications (2022-2030) ($MN)
33 Global Stationary Battery Storage Market Outlook, By End User (2022-2030) ($MN)
34 Global Stationary Battery Storage Market Outlook, By Government And Public Sector (2022-2030) ($MN)
35 Global Stationary Battery Storage Market Outlook, By Data Centers (2022-2030) ($MN)
36 Global Stationary Battery Storage Market Outlook, By Industrial And Manufacturing (2022-2030) ($MN)
37 Global Stationary Battery Storage Market Outlook, By Defense And Military (2022-2030) ($MN)
38 Global Stationary Battery Storage Market Outlook, By Commercial Buildings (2022-2030) ($MN)
39 Global Stationary Battery Storage Market Outlook, By Residential (2022-2030) ($MN)
40 Global Stationary Battery Storage Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables For North America, Europe, APAC, South America, And Middle East & Africa Regions Are Also Represented In The Same Manner As Above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
