Grid-scale Battery Market

Grid-scale Battery Market (Battery Type: Lithium-ion Battery, Lead-acid Battery, Sodium-ion Battery, Flow Battery, and Others; and Integration: Stand-alone and Collocated) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Global Grid-scale Battery Market Outlook 2031

  • The industry was valued at US$ 5.5 Bn in 2021
  • It is estimated to advance at a CAGR of 26.1% from 2022 to 2031 and reach US$ 55.3 Bn by the end of 2031

Analysts’ Viewpoint on Market Scenario

Increase in the generation of renewable energy is fueling the grid-scale battery market size. Grid-scale batteries are used to store electricity generated in power grids. These batteries store excess energy during periods of low demand and release it back into the grid when demand is high. Grid-scale battery storage systems are widely employed to store renewable energy. Modernization and expansion of electric power grids is expected to augment market statistics during the forecast period.

Grid-scale energy storage systems are deployed in power generation, distribution, and transmission. Vendors in the industry are designing products based on specific power supply requirements and capacity, thereby creating specific modular designs.

Grid Scale Battery Market

Market Introduction

Battery Energy Storage System (BESS) is a technology that allows power system operators and utilities to store energy for later use. The system charges (or collects energy) from a grid or a power plant. It discharges this energy to provide electricity or other grid services when needed.

Lithium-ion, redox flow, lead-acid, and molten salt (including sodium-based chemistries) are some of the types of BESSs available in the market. Battery chemistries differ in key technical characteristics. Each grid-scale storage has unique advantages and disadvantages, making them suitable for different grid system applications.

Key characteristics of grid-scale batteries are high energy capacity, long storage duration and lifecycle, robust state of charge, and excellent round-trip efficiency. These batteries are deployed in the transmission network, distribution network near the load center, and alongside Variable Renewable Energy (VRE) generators.

Increase in Generation of Renewable Energy Augmenting Grid-scale Battery Market Development

Rise in the need for system flexibility and rapid decrease in battery technology costs have been enabling BESSs to play an important role in the energy sector for the last few years. Several policymakers, regulators, and utilities are adopting BESSs, which is contributing to grid-scale battery industry growth.

Depletion of fossil fuels and surge in the implementation of government regulations to promote renewable energy are also expected to propel the demand for grid-scale batteries in the next few years. Power generated by renewable sources is attached to microgrids through power devices. This energy is later provided to homes, businesses, and electrical grid environments.

According to the International Energy Agency (IEA), usage of renewable energy rose by 3% in 2020, while demand for all other fuels decreased. Solar PV and wind power are significant contributors to the increase in adoption of renewable energy. China alone accounted for nearly half of the global rise in renewable electricity, followed by the U.S., the EU, and India, in 2021. Thus, surge in the usage of renewable energy is leading to global grid-scale battery market growth.

Increase in global warming hinders adequate access to renewable energy and the advancement of renewable energy technologies. Developing countries must focus on shifting consumer attention to renewable energy for sustainable development. Renewable energy sources help reduce pollution, while improving energy security.

Rise in Demand for Energy

Rapid industrialization and urbanization significantly contribute to a surge in the need for energy worldwide. Additionally, increase in infrastructure expenditure in Asia Pacific has led to high energy consumption. According to the IEA, demand for electricity in Asia Pacific increased by approximately 8% in 2021, up from 2% in 2020. This rise in demand for energy was primarily driven by China and India; the two countries recorded an increase of 10% in 2021.

According to the National Energy Administration (NEA), the total power consumed in China reached 8.31 Trn kilowatt-hours (kWh) in 2021. The number represented 14.7% growth from that in 2019, bringing the two-year average rise to 7.1%. Thus, surge in the consumption of energy is expected to augment market progress in the next few years.

Natural gas is replacing coal for power generation in regions with spare coal plant capacity. Europe, in particular, is focused on reducing its reliance on gas imports from Russia due to high gas prices and supply constraints. Global energy consumption is shifting proportionally to developing economies with increase in population and rapid industrial development. This, in turn, is likely to propel market revenue during the forecast period.

R&D in Energy Storage Technologies Fueling Grid-scale Battery Market Expansion

Manufacturers are developing advanced power devices to expand their market share. Long-duration energy storage technologies are gaining traction in the industry. Other types of storage technologies, such as mechanical energy storage and thermal energy storage, are also witnessing high demand in the industry.

Grid-scale battery storage companies are expected to invest in technological advancements in the next few years. These advancements primarily include simulation and computation tools, which are employed in the design stage to meet customer requirements and address various complexities in power systems. Use of automated manufacturing processes has grown to develop quality storage systems in less time. This, in turn, is anticipated to create lucrative growth opportunities for players in the industry.

Surge in Adoption of Lithium-ion Grid-scale Batteries

According to the latest grid-scale battery market trends, the lithium-ion battery segment is expected to dominate the industry during the forecast period. The segment held 90.9% share in 2021. Lithium-ion battery is a viable large-scale commercial electrochemical energy storage system. These batteries have been used in diverse products, including EVs, personal gadgets, medical equipment, and large-scale storage of renewable energy for power grids.

Lithium-ion batteries offer good stability and higher energy density. Cost of these batteries has decreased by nearly 80% between 2010 and 2020 due to technological advancements and improved production capacity. The cost is predicted to decline further in the near future.

Regional Outlook

North America dominated the global industry, in terms of revenue, in 2021. The region is likely to maintain its dominance during 2022-2031, as per the latest grid-scale battery market forecast. Rise in adoption of renewable energy and the presence of some of the largest grid-scale battery storage systems are driving the market size in the region.

The industry in Asia Pacific is anticipated to grow at a significant rate in the next few years due to increase in the production of lithium-ion batteries and surge in the usage of utility-scale energy storage systems. China is a major growth engine of the region. It accounted for 13.8% share in terms of revenue and 18.0% share in terms of deployment.

Analysis of Key Players in Grid-scale Battery Market

Various companies and organizations are involved in the production and distribution of grid-scale batteries, including OEMs, companies that design and install battery systems, and utilities and other organizations that use grid-scale batteries to store electricity. Vendors are investing significantly in the R&D of new products to expand their grid-scale battery market share.

ABB, BYD Company Ltd., Fluence, General Electric, LG Energy Solution, NGK Insulators, Ltd., Panasonic Industry Co., Ltd., S&C Electric Company, Samsung SDI Co., Ltd., Tesla, Toshiba Corporation, and Contemporary Amperex Technology Co., Limited are key entities operating in the market. These players have been profiled in the grid-scale battery market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments

  • In June 2022, KORE Power announced its decision to provide batteries for a 10 MW/20 MWh battery storage project under development between ABB and Ecotricity. The project is focused on advancing the national grid in the U.K. toward its 2050 net-zero goal. ABB's BESS would be installed at Ecotricity's current 6.9 MW wind farm in Gloucestershire in 2023 to stabilize the grid, while providing an effective way to capture clean energy.
  • In April 2022, Tesla unveiled its Megapack project, which consists of 360 MWh of energy storage capacity used in concert with a solar farm to help power 60,000 homes
  • In December 2020, LG Energy Solution launched the RESU Prime large-capacity residential energy storage system, which provides more flexibility in the uninterrupted supply of power in the residential sector

Grid-scale Battery Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 5.5 Bn

Market Forecast Value in 2031

US$ 55.3 Bn

Growth Rate

(CAGR)

26.1%

Forecast Period

2022–2031

Historical Data Available for

2017–202

Quantitative Units

US$ Bn for Value and Million Units for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • By Battery Type
    • Lithium-ion Battery
    • Lead-acid Battery
    • Sodium-ion Battery
    • Flow Battery
    • Others
  • By Deployment
    • Transmission Network
    • Distribution Network
    • Renewable Energy Generators
  • By Integration
    • Stand-alone
    • Collocated
  • By Application
    • Renewable Integration
    • Ancillary Services
  • By End-use Industry
    • Commercial
    • Government

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • China
  • Japan
  • India
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • ABB
  • BYD Company Ltd.
  • Fluence
  • General Electric
  • LG Energy Solution, Ltd.
  • NGK Insulators, Ltd.
  • Panasonic Industry Co., Ltd.
  • S&C Electric Company
  • Samsung SDI Co., Ltd.
  • Tesla
  • Toshiba Corporation
  • Contemporary Amperex Technology Co., Limited

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the grid-scale battery market in 2021?

It stood at US$ 5.5 Bn in 2021

How is the industry expected to grow by 2031?

It is estimated to advance at a CAGR of 26.1% during the forecast period

How much worth the business will be in 2031?

It is expected to reach US$ 55.3 Bn by 2031

Which region is more promising for vendors?

North America is a more promising region for vendors

What are the prominent trends in the business?

Increase in generation of renewable energy and modernization and expansion of electric power grids

Who are the prominent players in the market?

ABB, BYD Company Ltd., Fluence, General Electric, LG Energy Solution, NGK Insulators, Ltd., Panasonic Industry Co., Ltd., S&C Electric Company, Samsung SDI Co., Ltd., Tesla, Toshiba Corporation, and Contemporary Amperex Technology Co., Limited

    1. Preface

        1.1. Market Introduction

        1.2. Market and Segments Definition

        1.3. Market Taxonomy

        1.4. Research Methodology

        1.5. Assumption and Acronyms

    2. Executive Summary

        2.1. Global Grid-scale Battery Market Overview

        2.2. Regional Outline

        2.3. Industry Outline

        2.4. Market Dynamics Snapshot

        2.5. Competition Blueprint

    3. Market Dynamics

        3.1. Macro-economic Factors

        3.2. Drivers

        3.3. Restraints

        3.4. Opportunities

        3.5. Key Trends

        3.6. Regulatory Framework

    4. Associated Industry and Key Indicator Assessment

        4.1. Parent Industry Overview – Global Energy Storage Industry Overview

        4.2. Supply Chain Analysis

        4.3. Pricing Analysis

        4.4. Technology Roadmap

        4.5. Industry SWOT Analysis

        4.6. Porter Five Forces Analysis

        4.7. COVID-19 Impact and Recovery Analysis

    5. Global Grid-scale Battery Market Analysis, by Battery Type

        5.1. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Battery Type, 2017–2031

            5.1.1. Lithium-ion Battery

            5.1.2. Lead-acid Battery

            5.1.3. Sodium-ion Battery

            5.1.4. Flow Battery

            5.1.5. Others  

        5.2. Market Attractiveness Analysis, By Battery Type

    6. Global Grid-scale Battery Market Analysis, by Deployment

        6.1. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Deployment, 2017–2031

            6.1.1. Transmission Network

            6.1.2. Distribution Network

            6.1.3. Renewable Energy Generators

        6.2. Market Attractiveness Analysis, By Deployment

    7. Global Grid-scale Battery Market Analysis, by Integration

        7.1. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Integration, 2017–2031

            7.1.1. Stand-alone

            7.1.2. Collocated

        7.2. Market Attractiveness Analysis, By Integration

    8. Global Grid-scale Battery Market Analysis, by Application

        8.1. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031

            8.1.1. Renewable Integration

            8.1.2. Ancillary Services

        8.2. Market Attractiveness Analysis, By Application

    9. Global Grid-scale Battery Market Analysis, by End-use Industry

        9.1. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By End-use Industry, 2017–2031

            9.1.1. Commercial

            9.1.2. Government

        9.2. Market Attractiveness Analysis, By End-use Industry

    10. Global Grid-scale Battery Market Analysis and Forecast by Region

        10.1. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Region, 2017–2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. South America

        10.2. Market Attractiveness Analysis, By Region

    11. North America Grid-scale Battery Market Analysis and Forecast

        11.1. Market Snapshot

        11.2. Drivers and Restraints: Impact Analysis

        11.3. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Battery Type, 2017–2031

            11.3.1. Lithium-ion Battery

            11.3.2. Lead-acid Battery

            11.3.3. Sodium-ion Battery

            11.3.4. Flow Battery

            11.3.5. Others

        11.4. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Deployment, 2017–2031

            11.4.1. Transmission Network

            11.4.2. Distribution Network

            11.4.3. Renewable Energy Generators

        11.5. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Integration, 2017–2031

            11.5.1. Stand-alone

            11.5.2. Collocated

        11.6. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031

            11.6.1. Renewable Integration

            11.6.2. Ancillary Services

        11.7. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By End-use Industry, 2017–2031

            11.7.1. Commercial

            11.7.2. Government

        11.8. Grid-scale Battery Market Size (US$ Mn) And Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031

            11.8.1. U.S.

            11.8.2. Canada

            11.8.3. Rest of North America

        11.9. Market Attractiveness Analysis

            11.9.1. By Battery Type

            11.9.2. By Deployment

            11.9.3. By Integration

            11.9.4. By Application

            11.9.5. By End-use Industry

            11.9.6. By Country/Sub-region

    12. Europe Grid-scale Battery Market Analysis and Forecast

        12.1. Market Snapshot

        12.2. Drivers and Restraints: Impact Analysis

        12.3. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Battery Type, 2017–2031

            12.3.1. Lithium-ion Battery

            12.3.2. Lead-acid Battery

            12.3.3. Sodium-ion Battery

            12.3.4. Flow Battery

            12.3.5. Others

        12.4. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Deployment, 2017–2031

            12.4.1. Transmission Network

            12.4.2. Distribution Network

            12.4.3. Renewable Energy Generators

        12.5. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Integration, 2017–2031

            12.5.1. Stand-alone

            12.5.2. Collocated

        12.6. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031

            12.6.1. Renewable Integration

            12.6.2. Ancillary Services

        12.7. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By End-use Industry, 2017–2031

            12.7.1. Commercial

            12.7.2. Government

        12.8. Grid-scale Battery Market Size (US$ Mn) And Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031

            12.8.1. U.K.

            12.8.2. Germany

            12.8.3. France

            12.8.4. Rest of Europe

        12.9. Market Attractiveness Analysis

            12.9.1. By Battery Type

            12.9.2. By Deployment

            12.9.3. By Integration

            12.9.4. By Application

            12.9.5. By End-use Industry

            12.9.6. By Country/Sub-region

    13. Asia Pacific Grid-scale Battery Market Analysis and Forecast

        13.1. Market Snapshot

        13.2. Drivers and Restraints: Impact Analysis

        13.3. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Battery Type, 2017–2031

            13.3.1. Lithium-ion Battery

            13.3.2. Lead-acid Battery

            13.3.3. Sodium-ion Battery

            13.3.4. Flow Battery

            13.3.5. Others

        13.4. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Deployment, 2017–2031

            13.4.1. Transmission Network

            13.4.2. Distribution Network

            13.4.3. Renewable Energy Generators

        13.5. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Integration, 2017–2031

            13.5.1. Stand-alone

            13.5.2. Collocated

        13.6. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031

            13.6.1. Renewable Integration

            13.6.2. Ancillary Services

        13.7. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By End-use Industry, 2017–2031

            13.7.1. Commercial

            13.7.2. Government

        13.8. Grid-scale Battery Market Size (US$ Mn) And Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031

            13.8.1. China

            13.8.2. Japan

            13.8.3. India

            13.8.4. South Korea

            13.8.5. ASEAN

            13.8.6. Rest of Asia Pacific

        13.9. Market Attractiveness Analysis

            13.9.1. By Battery Type

            13.9.2. By Deployment

            13.9.3. By Integration

            13.9.4. By Application

            13.9.5. By End-use Industry

            13.9.6. By Country/Sub-region

    14. Middle East & Africa Grid-scale Battery Market Analysis and Forecast

        14.1. Market Snapshot

        14.2. Drivers and Restraints: Impact Analysis

        14.3. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Battery Type, 2017–2031

            14.3.1. Lithium-ion Battery

            14.3.2. Lead-acid Battery

            14.3.3. Sodium-ion Battery

            14.3.4. Flow Battery

            14.3.5. Others

        14.4. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Deployment, 2017–2031

            14.4.1. Transmission Network

            14.4.2. Distribution Network

            14.4.3. Renewable Energy Generators

        14.5. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Integration, 2017–2031

            14.5.1. Stand-alone

            14.5.2. Collocated

        14.6. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031

            14.6.1. Renewable Integration

            14.6.2. Ancillary Services

        14.7. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By End-use Industry, 2017–2031

            14.7.1. Commercial

            14.7.2. Government

        14.8. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031

            14.8.1. GCC

            14.8.2. South Africa

            14.8.3. Rest of Middle East & Africa

        14.9. Market Attractiveness Analysis

            14.9.1. By Battery Type

            14.9.2. By Deployment

            14.9.3. By Integration

            14.9.4. By Application

            14.9.5. By End-use Industry

            14.9.6. By Country/Sub-region

    15. South America Grid-scale Battery Market Analysis and Forecast

        15.1. Market Snapshot

        15.2. Drivers and Restraints: Impact Analysis

        15.3. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Battery Type, 2017–2031

            15.3.1. Lithium-ion Battery

            15.3.2. Lead-acid Battery

            15.3.3. Sodium-ion Battery

            15.3.4. Flow Battery

            15.3.5. Others

        15.4. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Deployment, 2017–2031

            15.4.1. Transmission Network

            15.4.2. Distribution Network

            15.4.3. Renewable Energy Generators

        15.5. Grid-scale Battery Market Size (US$ Mn) and Volume (Million Units) Analysis & Forecast, By Integration, 2017–2031

            15.5.1. Stand-alone

            15.5.2. Collocated

        15.6. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By Application, 2017–2031

            15.6.1. Renewable Integration

            15.6.2. Ancillary Services

        15.7. Grid-scale Battery Market Size (US$ Mn) Analysis & Forecast, By End-use Industry, 2017–2031

            15.7.1. Commercial

            15.7.2. Government

        15.8. Grid-scale Battery Market Size (US$ Mn) And Volume (Million Units) Analysis & Forecast, By Country and Sub-region, 2017–2031

            15.8.1. Brazil

            15.8.2. Rest of South America

        15.9. Market Attractiveness Analysis

            15.9.1. By Battery Type

            15.9.2. By Deployment

            15.9.3. By Integration

            15.9.4. By Application

            15.9.5. By End-use Industry

            15.9.6. By Country/Sub-region

    16. Competition Assessment

        16.1. Global Grid-scale Battery Market Competition Matrix - a Dashboard View

            16.1.1. Global Grid-scale Battery Market Company Share Analysis, by Value (2021)

            16.1.2. Technological Differentiator

    17. Company Profiles (Global Manufacturers/Suppliers)

        17.1. ABB

            17.1.1. Overview

            17.1.2. Product Portfolio

            17.1.3. Sales Footprint

            17.1.4. Key Subsidiaries or Distributors

            17.1.5. Strategy and Recent Developments

            17.1.6. Key Financials

        17.2. BYD Company Ltd.

            17.2.1. Overview

            17.2.2. Product Portfolio

            17.2.3. Sales Footprint

            17.2.4. Key Subsidiaries or Distributors

            17.2.5. Strategy and Recent Developments

            17.2.6. Key Financials

        17.3. Fluence

            17.3.1. Overview

            17.3.2. Product Portfolio

            17.3.3. Sales Footprint

            17.3.4. Key Subsidiaries or Distributors

            17.3.5. Strategy and Recent Developments

            17.3.6. Key Financials

        17.4. General Electric

            17.4.1. Overview

            17.4.2. Product Portfolio

            17.4.3. Sales Footprint

            17.4.4. Key Subsidiaries or Distributors

            17.4.5. Strategy and Recent Developments

            17.4.6. Key Financials

        17.5. LG Energy Solution, Ltd.

            17.5.1. Overview

            17.5.2. Product Portfolio

            17.5.3. Sales Footprint

            17.5.4. Key Subsidiaries or Distributors

            17.5.5. Strategy and Recent Developments

            17.5.6. Key Financials

        17.6. NGK Insulators, Ltd.

            17.6.1. Overview

            17.6.2. Product Portfolio

            17.6.3. Sales Footprint

            17.6.4. Key Subsidiaries or Distributors

            17.6.5. Strategy and Recent Developments

            17.6.6. Key Financials

        17.7. Panasonic Industry Co., Ltd.

            17.7.1. Overview

            17.7.2. Product Portfolio

            17.7.3. Sales Footprint

            17.7.4. Key Subsidiaries or Distributors

            17.7.5. Strategy and Recent Developments

            17.7.6. Key Financials

        17.8. S&C Electric Company

            17.8.1. Overview

            17.8.2. Product Portfolio

            17.8.3. Sales Footprint

            17.8.4. Key Subsidiaries or Distributors

            17.8.5. Strategy and Recent Developments

            17.8.6. Key Financials

        17.9. Samsung SDI Co., Ltd.

            17.9.1. Overview

            17.9.2. Product Portfolio

            17.9.3. Sales Footprint

            17.9.4. Key Subsidiaries or Distributors

            17.9.5. Strategy and Recent Developments

            17.9.6. Key Financials

        17.10. Tesla

            17.10.1. Overview

            17.10.2. Product Portfolio

            17.10.3. Sales Footprint

            17.10.4. Key Subsidiaries or Distributors

            17.10.5. Strategy and Recent Developments

            17.10.6. Key Financials

        17.11. Toshiba Corporation

            17.11.1. Overview

            17.11.2. Product Portfolio

            17.11.3. Sales Footprint

            17.11.4. Key Subsidiaries or Distributors

            17.11.5. Strategy and Recent Developments

            17.11.6. Key Financials

        17.12. Contemporary Amperex Technology Co., Limited

            17.12.1. Overview

            17.12.2. Product Portfolio

            17.12.3. Sales Footprint

            17.12.4. Key Subsidiaries or Distributors

            17.12.5. Strategy and Recent Developments

            17.12.6. Key Financials

    18. Recommendation

        18.1. Opportunity Assessment

            18.1.1. By Battery Type

            18.1.2. By Deployment

            18.1.3. By Integration

            18.1.4. By Application

            18.1.5. By End-use Industry

            18.1.6. By Region/Country/Sub-region

    List of Tables

    Table 1: Global Grid-scale Battery Market Value (US$ Mn) & Forecast, by Battery Type, 2017‒2031

    Table 2: Global Grid-scale Battery Market Volume (Million Units) & Forecast, by Battery Type, 2017‒2031

    Table 3: Global Grid-scale Battery Market Value (US$ Mn) & Forecast, by Deployment, 2017‒2031

    Table 4: Global Grid-scale Battery Market Value (US$ Mn) & Forecast, by Integration, 2017‒2031

    Table 5: Global Grid-scale Battery Market Volume (Million Units) & Forecast, by Integration Type, 2017‒2031

    Table 6: Global Grid-scale Battery Market Value (US$ Mn) & Forecast, by Application, 2017‒2031

    Table 7: Global Grid-scale Battery Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

    Table 8: Global Grid-scale Battery Market Value (US$ Mn) & Forecast, by Region, 2017‒2031

    Table 9: Global Grid-scale Battery Market Volume (Million Units) & Forecast, by Region, 2017‒2031

    Table 10: North America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Battery Type, 2017‒2031

    Table 11: North America Grid-scale Battery Market Volume (Million Units) & Forecast, by Battery Type, 2017‒2031

    Table 12: North America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Deployment, 2017‒2031

    Table 13: North America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Integration, 2017‒2031

    Table 14: North America Grid-scale Battery Market Volume (Million Units) & Forecast, by Integration Type, 2017‒2031

    Table 15: North America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Application, 2017‒2031

    Table 16: North America Grid-scale Battery Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

    Table 17: North America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Region, 2017‒2031

    Table 18: North America Grid-scale Battery Market Volume (Million Units) & Forecast, by Region, 2017‒2031

    Table 19: Europe Grid-scale Battery Market Value (US$ Mn) & Forecast, by Battery Type, 2017‒2031

    Table 20: Europe Grid-scale Battery Market Volume (Million Units) & Forecast, by Battery Type, 2017‒2031

    Table 21: Europe Grid-scale Battery Market Value (US$ Mn) & Forecast, by Deployment, 2017‒2031

    Table 22: Europe Grid-scale Battery Market Value (US$ Mn) & Forecast, by Integration, 2017‒2031

    Table 23: Europe Grid-scale Battery Market Volume (Million Units) & Forecast, by Integration Type, 2017‒2031

    Table 24: Europe Grid-scale Battery Market Value (US$ Mn) & Forecast, by Application, 2017‒2031

    Table 25: Europe Grid-scale Battery Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

    Table 26: Europe Grid-scale Battery Market Value (US$ Mn) & Forecast, by Region, 2017‒2031

    Table 27: Europe Grid-scale Battery Market Volume (Million Units) & Forecast, by Region, 2017‒2031

    Table 28: Asia Pacific Grid-scale Battery Market Value (US$ Mn) & Forecast, by Battery Type, 2017‒2031

    Table 29: Asia Pacific Grid-scale Battery Market Volume (Million Units) & Forecast, by Battery Type, 2017‒2031

    Table 30: Asia Pacific Grid-scale Battery Market Value (US$ Mn) & Forecast, by Deployment, 2017‒2031

    Table 31: Asia Pacific Grid-scale Battery Market Value (US$ Mn) & Forecast, by Integration, 2017‒2031

    Table 32: Asia Pacific Grid-scale Battery Market Volume (Million Units) & Forecast, by Integration Type, 2017‒2031

    Table 33: Asia Pacific Grid-scale Battery Market Value (US$ Mn) & Forecast, by Application, 2017‒2031

    Table 34: Asia Pacific Grid-scale Battery Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

    Table 35: Asia Pacific Grid-scale Battery Market Value (US$ Mn) & Forecast, by Region, 2017‒2031

    Table 36: Asia Pacific Grid-scale Battery Market Volume (Million Units) & Forecast, by Region, 2017‒2031

    Table 37: Middle East & Africa Grid-scale Battery Market Value (US$ Mn) & Forecast, by Battery Type, 2017‒2031

    Table 38: Middle East & Africa Grid-scale Battery Market Volume (Million Units) & Forecast, by Battery Type, 2017‒2031

    Table 39: Middle East & Africa Grid-scale Battery Market Value (US$ Mn) & Forecast, by Deployment, 2017‒2031

    Table 40: Middle East & Africa Grid-scale Battery Market Value (US$ Mn) & Forecast, by Integration, 2017‒2031

    Table 41: Middle East & Africa Grid-scale Battery Market Volume (Million Units) & Forecast, by Integration Type, 2017‒2031

    Table 42: Middle East & Africa Grid-scale Battery Market Value (US$ Mn) & Forecast, by Application, 2017‒2031

    Table 43: Middle East & Africa Grid-scale Battery Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

    Table 44: Middle East & Africa Grid-scale Battery Market Value (US$ Mn) & Forecast, by Region, 2017‒2031

    Table 45: Middle East & Africa Grid-scale Battery Market Volume (Million Units) & Forecast, by Region, 2017‒2031

    Table 46: South America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Battery Type, 2017‒2031

    Table 47: South America Grid-scale Battery Market Volume (Million Units) & Forecast, by Battery Type, 2017‒2031

    Table 48: South America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Deployment, 2017‒2031

    Table 49: South America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Integration, 2017‒2031

    Table 50: South America Grid-scale Battery Market Volume (Million Units) & Forecast, by Integration Type, 2017‒2031

    Table 51: South America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Application, 2017‒2031

    Table 52: South America Grid-scale Battery Market Value (US$ Mn) & Forecast, by End-use Industry, 2017‒2033

    Table 53: South America Grid-scale Battery Market Value (US$ Mn) & Forecast, by Region, 2017‒2031

    Table 54: South America Grid-scale Battery Market Volume (Million Units) & Forecast, by Region, 2017‒2031

    List of Figures

    Figure 01: Global Grid-scale Battery Market Size & Forecast, and Value (US$ Mn), 2017‒2031

    Figure 02: Global Grid-scale Battery Market Size & Forecast, Y-o-Y, and Value (US$ Mn), 2017‒2031

    Figure 03: Global Grid-scale Battery Market Size & Forecast, Volume (Million Units), 2017‒2031

    Figure 04: Global Grid-scale Battery Market Size & Forecast, Y-o-Y, and Volume (Million Units), 2017‒2031

    Figure 05: Global Grid-scale Battery Market Projections by Battery Type, and Value (US$ Mn), 2017‒2031

    Figure 06: Global Grid-scale Battery Market Share Analysis, by Battery Type, 2021 and 2031

    Figure 07: Global Grid-scale Battery Market, Incremental Opportunity, by Battery Type, 2021‒2031

    Figure 08: Global Grid-scale Battery Market Projections by Deployment, and Value (US$ Mn), 2017‒2031

    Figure 09: Global Grid-scale Battery Market Share Analysis, by Deployment, 2021 and 2031

    Figure 10: Global Grid-scale Battery Market, Incremental Opportunity, by Deployment, 2021‒2031

    Figure 11: Global Grid-scale Battery Market Projections by Integration, and Value (US$ Mn), 2017‒2031

    Figure 12: Global Grid-scale Battery Market Share Analysis, by Integration, 2021 and 2031

    Figure 13: Global Grid-scale Battery Market, Incremental Opportunity, by Integration, 2021‒2031

    Figure 14: Global Grid-scale Battery Market Projections by Application and Value (US$ Mn), 2017‒2031

    Figure 15: Global Grid-scale Battery Market Share Analysis, by Application, 2021 and 2031

    Figure 16: Global Grid-scale Battery Market, Incremental Opportunity, by Application, 2021‒2031

    Figure 17: Global Grid-scale Battery Market Projections by End-use Industry, and Value (US$ Mn), 2017‒2031

    Figure 18: Global Grid-scale Battery Market Share Analysis, by End-use Industry, 2021 and 2031

    Figure 19: Global Grid-scale Battery Market, Incremental Opportunity, by End-use Industry, 2021‒2031

    Figure 20: Global Grid-scale Battery Market Projections by Region, and Value (US$ Mn), 2017‒2031

    Figure 21: Global Grid-scale Battery Market Share Analysis, by Region 2021 and 2031

    Figure 22: Global Grid-scale Battery Market, Incremental Opportunity, by Region, 2021‒2031

    Figure 23: North America Grid-scale Battery Market Size & Forecast, and Value (US$ Mn), 2017‒2031

    Figure 24: North America Grid-scale Battery Market Size & Forecast, Y-o-Y, and Value (US$ Mn), 2017‒2031

    Figure 25: North America Grid-scale Battery Market Size & Forecast, Volume (Million Units), 2017‒2031

    Figure 26: North America Grid-scale Battery Market Size & Forecast, Y-o-Y, and Volume (Million Units), 2017‒2031

    Figure 27: North America Grid-scale Battery Market Projections by Battery Type, and Value (US$ Mn), 2017‒2031

    Figure 28: North America Grid-scale Battery Market Share Analysis, by Battery Type, 2021 and 2031

    Figure 29: North America Grid-scale Battery Market, Incremental Opportunity, by Battery Type, 2021‒2031

    Figure 30: North America Grid-scale Battery Market Projections by Deployment, and Value (US$ Mn), 2017‒2031

    Figure 31: North America Grid-scale Battery Market Share Analysis, by Deployment, 2021 and 2031

    Figure 32: North America Grid-scale Battery Market, Incremental Opportunity, by Deployment, 2021‒2031

    Figure 33: North America Grid-scale Battery Market Projections by Integration, and Value (US$ Mn), 2017‒2031

    Figure 34: North America Grid-scale Battery Market Share Analysis, by Integration, 2021 and 2031

    Figure 35: North America Grid-scale Battery Market, Incremental Opportunity, by Integration, 2021‒2031

    Figure 36: North America Grid-scale Battery Market Projections by Application and Value (US$ Mn), 2017‒2031

    Figure 37: North America Grid-scale Battery Market Share Analysis, by Application, 2021 and 2031

    Figure 38: North America Grid-scale Battery Market, Incremental Opportunity, by Application, 2021‒2031

    Figure 39: North America Grid-scale Battery Market Projections by End-use Industry, and Value (US$ Mn), 2017‒2031

    Figure 40: North America Grid-scale Battery Market Share Analysis, by End-use Industry, 2021 and 2031

    Figure 41: North America Grid-scale Battery Market, Incremental Opportunity, by End-use Industry, 2021‒2031

    Figure 42: North America Grid-scale Battery Market Projections by Country and Value (US$ Mn), 2017‒2031

    Figure 43: North America Grid-scale Battery Market Share Analysis, by Country, 2021 and 2031

    Figure 44: North America Grid-scale Battery Market, Incremental Opportunity, by Country, 2021‒2031

    Figure 45: Europe Grid-scale Battery Market Size & Forecast, and Value (US$ Mn), 2017‒2031

    Figure 46: Europe Grid-scale Battery Market Size & Forecast, Y-o-Y, and Value (US$ Mn), 2017‒2031

    Figure 47: Europe Grid-scale Battery Market Size & Forecast, Volume (Million Units), 2017‒2031

    Figure 48: Europe Grid-scale Battery Market Size & Forecast, Y-o-Y, and Volume (Million Units), 2017‒2031

    Figure 49: Europe Grid-scale Battery Market Projections by Battery Type, and Value (US$ Mn), 2017‒2031

    Figure 50: Europe Grid-scale Battery Market Share Analysis, by Battery Type, 2021 and 2031

    Figure 51: Europe Grid-scale Battery Market, Incremental Opportunity, by Battery Type, 2021‒2031

    Figure 52: Europe Grid-scale Battery Market Projections by Deployment, and Value (US$ Mn), 2017‒2031

    Figure 53: Europe Grid-scale Battery Market Share Analysis, by Deployment, 2021 and 2031

    Figure 54: Europe Grid-scale Battery Market, Incremental Opportunity, by Deployment, 2021‒2031

    Figure 55: Europe Grid-scale Battery Market Projections by Integration, and Value (US$ Mn), 2017‒2031

    Figure 56: Europe Grid-scale Battery Market Share Analysis, by Integration, 2021 and 2031

    Figure 57: Europe Grid-scale Battery Market, Incremental Opportunity, by Integration, 2021‒2031

    Figure 58: Europe Grid-scale Battery Market Projections by Application and Value (US$ Mn), 2017‒2031

    Figure 59: Europe Grid-scale Battery Market Share Analysis, by Application, 2021 and 2031

    Figure 60: Europe Grid-scale Battery Market, Incremental Opportunity, by Application, 2021‒2031

    Figure 61: Europe Grid-scale Battery Market Projections by End-use Industry, and Value (US$ Mn), 2017‒2031

    Figure 62: Europe Grid-scale Battery Market Share Analysis, by End-use Industry, 2021 and 2031

    Figure 63: Europe Grid-scale Battery Market, Incremental Opportunity, by End-use Industry, 2021‒2031

    Figure 64: Europe Grid-scale Battery Market Projections by Country and Value (US$ Mn), 2017‒2031

    Figure 65: Europe Grid-scale Battery Market Share Analysis, by Country, 2021 and 2031

    Figure 66: Europe Grid-scale Battery Market, Incremental Opportunity, by Country, 2021‒2031

    Figure 67: Asia Pacific Grid-scale Battery Market Size & Forecast, and Value (US$ Mn), 2017‒2031

    Figure 68: Asia Pacific Grid-scale Battery Market Size & Forecast, Y-o-Y, and Value (US$ Mn), 2017‒2031

    Figure 69: Asia Pacific Grid-scale Battery Market Size & Forecast, Volume (Million Units), 2017‒2031

    Figure 70: Asia Pacific Grid-scale Battery Market Size & Forecast, Y-o-Y, and Volume (Million Units), 2017‒2031

    Figure 71: Asia Pacific Grid-scale Battery Market Projections by Battery Type, and Value (US$ Mn), 2017‒2031

    Figure 72: Asia Pacific Grid-scale Battery Market Share Analysis, by Battery Type, 2021 and 2031

    Figure 73: Asia Pacific Grid-scale Battery Market, Incremental Opportunity, by Battery Type, 2021‒2031

    Figure 74: Asia Pacific Grid-scale Battery Market Projections by Deployment, and Value (US$ Mn), 2017‒2031

    Figure 75: Asia Pacific Grid-scale Battery Market Share Analysis, by Deployment, 2021 and 2031

    Figure 76: Asia Pacific Grid-scale Battery Market, Incremental Opportunity, by Deployment, 2021‒2031

    Figure 77: Asia Pacific Grid-scale Battery Market Projections by Integration, and Value (US$ Mn), 2017‒2031

    Figure 78: Asia Pacific Grid-scale Battery Market Share Analysis, by Integration, 2021 and 2031

    Figure 79: Asia Pacific Grid-scale Battery Market, Incremental Opportunity, by Integration, 2021‒2031

    Figure 80: Asia Pacific Grid-scale Battery Market Projections by Application and Value (US$ Mn), 2017‒2031

    Figure 81: Asia Pacific Grid-scale Battery Market Share Analysis, by Application, 2021 and 2031

    Figure 82: Asia Pacific Grid-scale Battery Market, Incremental Opportunity, by Application, 2021‒2031

    Figure 83: Asia Pacific Grid-scale Battery Market Projections by End-use Industry, and Value (US$ Mn), 2017‒2031

    Figure 84: Asia Pacific Grid-scale Battery Market Share Analysis, by End-use Industry, 2021 and 2031

    Figure 85: Asia Pacific Grid-scale Battery Market, Incremental Opportunity, by End-use Industry, 2021‒2031

    Figure 86: Asia Pacific Grid-scale Battery Market Projections by Country and Value (US$ Mn), 2017‒2031

    Figure 87: Asia Pacific Grid-scale Battery Market Share Analysis, by Country, 2021 and 2031

    Figure 88: Asia Pacific Grid-scale Battery Market, Incremental Opportunity, by Country, 2021‒2031

    Figure 89: Middle East & Africa Grid-scale Battery Market Size & Forecast, and Value (US$ Mn), 2017‒2031

    Figure 90: Middle East & Africa Grid-scale Battery Market Size & Forecast, Y-o-Y, and Value (US$ Mn), 2017‒2031

    Figure 91: Middle East & Africa Grid-scale Battery Market Size & Forecast, Volume (Million Units), 2017‒2031

    Figure 92: Middle East & Africa Grid-scale Battery Market Size & Forecast, Y-o-Y, and Volume (Million Units), 2017‒2031

    Figure 93: Middle East & Africa Grid-scale Battery Market Projections by Battery Type, and Value (US$ Mn), 2017‒2031

    Figure 94: Middle East & Africa Grid-scale Battery Market Share Analysis, by Battery Type, 2021 and 2031

    Figure 95: Middle East & Africa Grid-scale Battery Market, Incremental Opportunity, by Battery Type, 2021‒2031

    Figure 96: Middle East & Africa Grid-scale Battery Market Projections by Deployment, and Value (US$ Mn), 2017‒2031

    Figure 97: Middle East & Africa Grid-scale Battery Market Share Analysis, by Deployment, 2021 and 2031

    Figure 98: Middle East & Africa Grid-scale Battery Market, Incremental Opportunity, by Deployment, 2021‒2031

    Figure 99: Middle East & Africa Grid-scale Battery Market Projections by Integration, and Value (US$ Mn), 2017‒2031

    Figure 100: Middle East & Africa Grid-scale Battery Market Share Analysis, by Integration, 2021 and 2031

    Figure 101: Middle East & Africa Grid-scale Battery Market, Incremental Opportunity, by Integration, 2021‒2031

    Figure 102: Middle East & Africa Grid-scale Battery Market Projections by Application and Value (US$ Mn), 2017‒2031

    Figure 103: Middle East & Africa Grid-scale Battery Market Share Analysis, by Application, 2021 and 2031

    Figure 104: Middle East & Africa Grid-scale Battery Market, Incremental Opportunity, by Application, 2021‒2031

    Figure 105: Middle East & Africa Grid-scale Battery Market Projections by End-use Industry, and Value (US$ Mn), 2017‒2031

    Figure 106: Middle East & Africa Grid-scale Battery Market Share Analysis, by End-use Industry, 2021 and 2031

    Figure 107: Middle East & Africa Grid-scale Battery Market, Incremental Opportunity, by End-use Industry, 2021‒2031

    Figure 108: Middle East & Africa Grid-scale Battery Market Projections by Country and Value (US$ Mn), 2017‒2031

    Figure 109: Middle East & Africa Grid-scale Battery Market Share Analysis, by Country, 2021 and 2031

    Figure 110: Middle East & Africa Grid-scale Battery Market, Incremental Opportunity, by Country, 2021‒2031

    Figure 111: South America Grid-scale Battery Market Size & Forecast, Y-o-Y, and Value (US$ Mn), 2017‒2031

    Figure 112: South America Grid-scale Battery Market Size & Forecast, Volume (Million Units), 2017‒2031

    Figure 113: South America Grid-scale Battery Market Size & Forecast, Y-o-Y, and Volume (Million Units), 2017‒2031

    Figure 114: South America Grid-scale Battery Market Projections by Battery Type, and Value (US$ Mn), 2017‒2031

    Figure 115: South America Grid-scale Battery Market Share Analysis, by Battery Type, 2021 and 2031

    Figure 116: South America Grid-scale Battery Market, Incremental Opportunity, by Battery Type, 2021‒2031

    Figure 117: South America Grid-scale Battery Market Projections by Deployment, and Value (US$ Mn), 2017‒2031

    Figure 118: South America Grid-scale Battery Market Share Analysis, by Deployment, 2021 and 2031

    Figure 119: South America Grid-scale Battery Market, Incremental Opportunity, by Deployment, 2021‒2031

    Figure 120: South America Grid-scale Battery Market Projections by Integration, and Value (US$ Mn), 2017‒2031

    Figure 121: South America Grid-scale Battery Market Share Analysis, by Integration, 2021 and 2031

    Figure 122: South America Grid-scale Battery Market, Incremental Opportunity, by Integration, 2021‒2031

    Figure 123: South America Grid-scale Battery Market Projections by Application and Value (US$ Mn), 2017‒2031

    Figure 124: South America Grid-scale Battery Market Share Analysis, by Application, 2021 and 2031

    Figure 125: South America Grid-scale Battery Market, Incremental Opportunity, by Application, 2021‒2031

    Figure 126: South America Grid-scale Battery Market Projections by End-use Industry, and Value (US$ Mn), 2017‒2031

    Figure 127: South America Grid-scale Battery Market Share Analysis, by End-use Industry, 2021 and 2031

    Figure 128: South America Grid-scale Battery Market, Incremental Opportunity, by End-use Industry, 2021‒2031

    Figure 129: South America Grid-scale Battery Market Projections by Country and Value (US$ Mn), 2017‒2031

    Figure 130: South America Grid-scale Battery Market Share Analysis, by Country, 2021 and 2031

    Figure 131: South America Grid-scale Battery Market, Incremental Opportunity, by Country, 2021‒2031

    Figure 131: Company Share Analysis 2021

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