Stationary Energy Storage Market
PUBLISHED: 2024 ID: SMRC27739
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Stationary Energy Storage Market

Stationary Energy Storage Market Forecasts to 2030 - Global Analysis by Technology (Lithium-ion batteries, Lead-acid batteries, Flow batteries, Nickel-based batteries, Sodium-sulfur batteries, Pumped hydro storage and Thermal energy storage, Capacity, Ownership Model, Application, End User and By Geography

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Published: 2024 ID: SMRC27739

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Stationary Energy Storage Market is accounted for $86.5 billion in 2024 and is expected to reach $194.6 billion by 2030 growing at a CAGR of 14.45% during the forecast period. Stationary energy storage is the systems and technologies designed to capture and store energy in fixed locations for later use, rather than for mobile applications. These systems include various forms of storage, such as batteries (like lithium-ion, flow, and lead-acid), pumped hydroelectric storage, compressed air energy storage, and thermal energy storage. Stationary energy storage is vital for enhancing grid stability, integrating renewable energy sources, and providing backup power during outages. It enables better energy management and demand response, supporting residential, commercial, and industrial applications.
 
Market Dynamics: 

Driver: 

Growing Renewable Energy Integration

Growing renewable energy integration is the increasing incorporation of renewable sources, such as solar and wind, into the energy grid. This trend significantly impacts the market by driving demand for storage solutions that can balance intermittent energy supply and stabilize the grid. Energy storage systems enable the effective management of excess energy generated during peak production times, ensuring reliability and efficiency. As renewable adoption expands, the need for advanced energy storage technologies becomes crucial for achieving sustainability and energy resilience. Thus, it boosts the growth of the market.

Restraint:

Technological Limitations

Technological limitations are the constraints in current energy storage technologies, such as limited battery lifespan, capacity, and efficiency. These challenges can hinder market growth by affecting the performance and attractiveness of stationary energy storage systems. As consumers and businesses seek reliable and cost-effective solutions, inadequate technology may lead to decreased adoption rates and limit investment in advanced energy storage options, thus it hampers the growth of the market.
 
Opportunity:

Energy Resilience and Security

Energy resilience and security are the capacity of an energy system to resist and recover from interruptions, providing a consistent power supply. The market for stationary energy storage is greatly impacted by this idea as businesses and households look for ways to guard against system disruptions and power outages. By allowing load shifting and supplying backup power in emergency, energy storage devices improve resilience. The need for dependable energy storage solutions increases in response to growing worries about natural catastrophes, which propels market development.

Threat:

Regulatory Challenges

Inconsistent laws and rules controlling the installation and use of stationary energy storage devices are one example of regulatory issues. These difficulties may impede market expansion by causing uncertainty for producers and investors. The scalability and economics of energy storage solutions in various markets may be impacted by protracted regulatory procedures and disparate regional standards, which might postpone project development and deter uptake. As a result, it prevents the market from expanding.

Covid-19 Impact: 

COVID-19 disrupted the stationary energy storage market by causing supply chain interruptions and delaying manufacturing processes. However, the pandemic heightened awareness of energy resilience and the importance of reliable power sources, leading to increased interest in energy storage solutions. Government stimulus packages and investments in renewable energy also accelerated market growth.

The telecommunication segment is expected to be the largest during the forecast period

The telecommunication segment is expected to be the largest during the forecast period as demand for reliable power solutions to support critical infrastructure. As mobile networks expands, the need for uninterrupted energy supply increases, prompting telecom companies to invest in energy storage systems for backup power and grid stability. These systems enhance operational efficiency; reduce downtime, and lower energy costs. Additionally, advancements in renewable energy integration within telecom operations further promote the growth of stationary energy storage.

The residential segment is expected to have the highest CAGR during the forecast period

The residential segment is expected to have the highest CAGR during the forecast period due to demand for home energy management systems. As homeowners seek energy independence and cost savings, the adoption of battery storage solutions, like lithium-ion systems, increases. Additionally, government incentives and growing awareness of sustainability encourage more households to invest in energy storage, thereby accelerating market growth and innovation in residential energy solutions.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to greater integration of renewable energy sources like solar and wind. It facilitates demand response and energy management, leading to reduced electricity costs for consumers. Additionally, advancements in battery technologies are driving innovation and efficiency. Government policies and incentives further stimulate investment in energy storage solutions, positioning North America as a leader in sustainable energy transition and resilience against power outages.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period as increased investments in energy storage technologies are supporting the transition to cleaner energy systems, reducing reliance on fossil fuels. Moreover, the market promotes energy efficiency and demand response initiatives, lowering electricity costs for consumers. Government policies and incentives further drive growth, making stationary energy storage a critical component for achieving energy security and sustainability in the region.

Key players in the market

Some of the key players in Stationary Energy Storage Market include A123 Systems, LLC, BYD Company Ltd, CMBlu Energy AG, Duracell, Inc, Durapower Group, Exide Technologies, Furukawa Battery Co., Ltd., GS Yuasa International Ltd, HydraRedox, JenaBatteries GmbH, Johnson Controls, LG Chem Ltd., Lockheed Martin Corporation, Narada Power Source Co. Ltd, Panasonic Corporation, Samsung SDI Co., Ltd, SCHMID Group, Siemens, Tesla and Toshiba Corporation.

Key Developments:

In September 2024, Panasonic connected projection technology to illuminate BLINK® Cincinnati; this collaboration underscores Panasonic Connect’s dedication to artistic endeavors that push the boundaries of traditional art forms.

In June 2024, Panasonic expanded AV Solution Suite at InfoComm to power innovative and engaging visual experiences across industries. This helped customers worry less about the technology setup, and more about how they can take their creativity and audience experience to the next level.

In May 2024, Panasonic launched new LUMIX S9 compact full-frame mirrorless camera. With this Panasonic aims to bring a new enjoyable shooting experience for creators, making the journey from capturing moments to sharing them with the world.

Technologies Covered:
• Lithium-Ion Batteries
• Lead-Acid Batteries
• Flow Batteries
• Nickel-Based Batteries
• Sodium-Sulfur Batteries
• Pumped Hydro Storage
• Thermal Energy Storage

Capacities Covered:
• Small-scale (<1 MWh)
• Medium-scale (1-10 MWh)
• Large-scale (>10 MWh)
 
Ownership Models Covered:
• Utility-Owned
• Third-Party-Owned
• Customer-Owned

Applications Covered:
• Residential
• Commercial
• Off-Grid
• Telecom And Data Centers

End Users Covered:
• Power Generation Utilities
• Telecommunication
• Manufacturing & Industrial Sectors
• Healthcare And Critical Infrastructure
• Transport (Charging Stations)
 
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
o 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 Technology Analysis  
 3.7 Application Analysis  
 3.8 End User Analysis   
 3.9 Emerging Markets   
 3.10 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 Energy Storage Market, By Technology
 5.1 Introduction   
 5.2 Lithium-Ion Batteries  
 5.3 Lead-Acid Batteries   
 5.4 Flow Batteries   
 5.5 Nickel-Based Batteries  
 5.6 Sodium-Sulfur Batteries  
 5.7 Pumped Hydro Storage  
 5.8 Thermal Energy Storage  
      
6 Global Stationary Energy Storage Market, By Capacity
 6.1 Introduction   
 6.2 Small-Scale (<1 Mwh)  
 6.3 Medium-Scale (1-10 Mwh)  
 6.4 Large-Scale (>10 Mwh)  
      
7 Global Stationary Energy Storage Market, By Ownership Model
 7.1 Introduction   
 7.2 Utility-Owned   
 7.3 Third-Party-Owned   
 7.4 Customer-Owned   
      
8 Global Stationary Energy Storage Market, By Application
 8.1 Introduction   
 8.2 Residential   
 8.3 Commercial   
 8.4 Off-Grid    
 8.5 Telecom And Data Centers  
      
9 Global Stationary Energy Storage Market, By End User
 9.1 Introduction   
 9.2 Power Generation Utilities  
 9.3 Telecommunication   
 9.4 Manufacturing & Industrial Sectors 
 9.5 Healthcare And Critical Infrastructure 
 9.6 Transport (Charging Stations)  
      
10 Global Stationary Energy Storage Market, By Geography
 10.1 Introduction   
 10.2 North America   
  10.2.1 US   
  10.2.2 Canada   
  10.2.3 Mexico   
 10.3 Europe    
  10.3.1 Germany   
  10.3.2 UK   
  10.3.3 Italy   
  10.3.4 France   
  10.3.5 Spain   
  10.3.6 Rest Of Europe  
 10.4 Asia Pacific   
  10.4.1 Japan   
  10.4.2 China   
  10.4.3 India   
  10.4.4 Australia   
  10.4.5 New Zealand  
  10.4.6 South Korea  
  10.4.7 Rest Of Asia Pacific  
 10.5 South America   
  10.5.1 Argentina  
  10.5.2 Brazil   
  10.5.3 Chile   
  10.5.4 Rest Of South America 
 10.6 Middle East & Africa  
  10.6.1 Saudi Arabia  
  10.6.2 UAE   
  10.6.3 Qatar   
  10.6.4 South Africa  
  10.6.5 Rest Of Middle East & Africa 
      
11 Key Developments    
 11.1 Agreements, Partnerships, Collaborations And Joint Ventures
 11.2 Acquisitions & Mergers  
 11.3 New Product Launch  
 11.4 Expansions   
 11.5 Other Key Strategies  
      
12 Company Profiling    
 12.1 A123 Systems, LLC   
 12.2 BYD Company Ltd   
 12.3 Cmblu Energy AG   
 12.4 Duracell, Inc   
 12.5 Durapower Group   
 12.6 Exide Technologies   
 12.7 Furukawa Battery Co., Ltd.  
 12.8 GS Yuasa International Ltd  
 12.9 Hydraredox   
 12.10 Jenabatteries Gmbh  
 12.11 Johnson Controls   
 12.12 LG Chem Ltd.   
 12.13 Lockheed Martin Corporation  
 12.14 Narada Power Source Co. Ltd  
 12.15 Panasonic Corporation  
 12.16 Samsung SDI Co., Ltd  
 12.17 SCHMID Group   
 12.18 Siemens    
 12.19 Tesla    
 12.20 Toshiba Corporation  
      
List Of Tables     
1 Global Stationary Energy Storage Market Outlook, By Region (2022-2030) ($MN)
2 Global Stationary Energy Storage Market Outlook, By Technology (2022-2030) ($MN)
3 Global Stationary Energy Storage Market Outlook, By Lithium-Ion Batteries (2022-2030) ($MN)
4 Global Stationary Energy Storage Market Outlook, By Lead-Acid Batteries (2022-2030) ($MN)
5 Global Stationary Energy Storage Market Outlook, By Flow Batteries (2022-2030) ($MN)
6 Global Stationary Energy Storage Market Outlook, By Nickel-Based Batteries (2022-2030) ($MN)
7 Global Stationary Energy Storage Market Outlook, By Sodium-Sulfur Batteries (2022-2030) ($MN)
8 Global Stationary Energy Storage Market Outlook, By Pumped Hydro Storage (2022-2030) ($MN)
9 Global Stationary Energy Storage Market Outlook, By Thermal Energy Storage (2022-2030) ($MN)
10 Global Stationary Energy Storage Market Outlook, By Capacity (2022-2030) ($MN)
11 Global Stationary Energy Storage Market Outlook, By Small-Scale (<1 Mwh) (2022-2030) ($MN)
12 Global Stationary Energy Storage Market Outlook, By Medium-Scale (1-10 Mwh) (2022-2030) ($MN)
13 Global Stationary Energy Storage Market Outlook, By Large-Scale (>10 Mwh) (2022-2030) ($MN)
14 Global Stationary Energy Storage Market Outlook, By Ownership Model (2022-2030) ($MN)
15 Global Stationary Energy Storage Market Outlook, By Utility-Owned (2022-2030) ($MN)
16 Global Stationary Energy Storage Market Outlook, By Third-Party-Owned (2022-2030) ($MN)
17 Global Stationary Energy Storage Market Outlook, By Customer-Owned (2022-2030) ($MN)
18 Global Stationary Energy Storage Market Outlook, By Application (2022-2030) ($MN)
19 Global Stationary Energy Storage Market Outlook, By Residential (2022-2030) ($MN)
20 Global Stationary Energy Storage Market Outlook, By Commercial (2022-2030) ($MN)
21 Global Stationary Energy Storage Market Outlook, By Off-Grid (2022-2030) ($MN)
22 Global Stationary Energy Storage Market Outlook, By Telecom And Data Centers (2022-2030) ($MN)
23 Global Stationary Energy Storage Market Outlook, By End User (2022-2030) ($MN)
24 Global Stationary Energy Storage Market Outlook, By Power Generation Utilities (2022-2030) ($MN)
25 Global Stationary Energy Storage Market Outlook, By Telecommunication (2022-2030) ($MN)
26 Global Stationary Energy Storage Market Outlook, By Manufacturing & Industrial Sectors (2022-2030) ($MN)
27 Global Stationary Energy Storage Market Outlook, By Healthcare And Critical Infrastructure (2022-2030) ($MN)
28 Global Stationary Energy Storage Market Outlook, By Transport (Charging Stations) (2022-2030) ($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


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

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