Stationary Battery Storage Market is Estimated to Cross a Worth of US$ 1218.2 Bn by Clocking a Humungous CAGR of 29% Between the Forecast period of 2023-33 | Expertise Data by Future Market Insights, Inc.

December 31, 2022

NEWARK, Del, Dec. 31, 2022 (GLOBE NEWSWIRE) -- NEWARK, Del: During the forecast period 2023-2033, the Stationary battery storage market is expected to grow at a value of 29% CAGR, according to Future Market Insights. By the year 2033, the global market for stationary battery storage is expected to rise up to a market valuation of US$ 1218.20 Billion. Due to their simple charging processes and low waste electrolyte liquid re-energization, battery energy storage systems are expected to increase and become more widely used. Additionally, it is expected that rising applications in backup power, portable power, and stationary applications will enhance market growth. The market is being driven by constant innovation in energy storage technology. Industry leaders including the U.S.-based Power Electronics are developing twin solar-inverter-plus-storage solutions and growing their selection of solar charging systems. Particularly in fire-sensitive areas where lithium-ion batteries are still viewed as somewhat unsafe, there is an increasing demand for lithium-ion technology alternatives like zinc technology. Request A Free Sample Copy - Furthermore, policy makers along with key players are focusing on following and maintaining regulations to offer safe and standardized stationary battery storage systems. North America and Asia Pacific are major regions contributing to the stationary battery storage systems owing to the development of data centres and rural areas respectively. Key Takeaways from the Market Study By battery, flow battery segment is poised to register over 30% growth rate through 2033By application, the behind-the-meter application is predicted to observe nearly 25% gains till 2033.North America is expected to possess 40% market share for stationary battery storage market in North America.Asia Pacific stationary battery storage market size is anticipated to reach USD 445 billion by 2033 “Rapid deployment of energy resources along with favorable initiatives by government authorities across the globe are creating lucrative opportunities for stationary battery storage market.” comments a Future Market Insights analyst. Competitive Landscape Key players in the stationary battery storage market are Tesla, Durapower Group, Johnson Controls, Exide Technologies, Duracell, Inc, BYD Company Ltd, Toshiba Corporation, Samsung SDI Co., Ltd, Panasonic Corporation, GS Yuasa International Ltd, A123 Systems, LLC, LG Chem Ltd, Furukawa Battery Co., Ltd., HydraRedox, Narada Power Source Co. Ltd, Siemens, Lockheed Martin Corporation, CMBlu Energy AG, JenaBatteries GmbH and SCHMID Group In July 2022, Durapower Group, introduced universal DP Omni battery pack for electric buses and retrofits. The battery is designed to get charged in less than hour. In addition, the battery can be customized according to client need.In March 2021, Toshiba Corporation launched lithium-ion batteries that focus on providing energy to different end user industries. Through this, the company is forcing on developing decarbonized industries. Talk To Analyst - More Valuable Insights Future Market Insights, in its new offering, presents an unbiased analysis of the global stationary battery storage market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033. The study reveals essential insights on the basis of battery (lithium-ion, Sodium Sulphur, Lead Acid, Flow Battery, Other Batteries), by application (Grid services, behind-the-meter, off grid) and regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa). About the Chemical & materials at Future Market Insights The chemical & materials domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts. Request Methodology - Table of Content 1. Executive Summary     1.1. Global Market Outlook     1.2. Demand-side Trends     1.3. Supply-side Trends     1.4. Technology Roadmap Analysis     1.5. Analysis and Recommendations 2. Market Overview     2.1. Market Coverage / Taxonomy     2.2. Market Definition / Scope / Limitations 3. Market Background     3.1. Market Dynamics         3.1.1. Drivers         3.1.2. Restraints         3.1.3. Opportunity         3.1.4. Trends     3.2. Scenario Forecast         3.2.1. Demand in Optimistic Scenario         3.2.2. Demand in Likely Scenario         3.2.3. Demand in Conservative Scenario     3.3. Opportunity Map Analysis     3.4. Product Life Cycle Analysis     3.5. Supply Chain Analysis         3.5.1. Supply Side Participants and their Roles    Producers    Mid-Level Participants (Traders/ Agents/ Brokers)    Wholesalers and Distributors         3.5.2. Value Added and Value Created at Node in the Supply Chain         3.5.3. List of Raw Material Suppliers         3.5.4. List of Existing and Potential Buyer’s Complete TOC with Report Preview: Check out Chemicals & Materials related studies published by Future Market Insights, Inc. Recycled Scrap Metal Market - The value of the recycled scrap metal market is to exceed US$ 61.45 Bn by 2022. Demand for recycled scrap metal in the automotive, shipbuilding, building, construction and infrastructure sectors is expected to expand. Purified Terephthalic Acid (PTA) Market - The overall demand for purified terephthalic acid (PTA) projected to grow at a CAGR of 5.5% between 2022 and 2032, totaling around US$ 99,496.2 Million by 2032. Nylon-6 Market - The global nylon-6 market is expected to secure US$ 26,040.9 Million in 2032 while expanding at a CAGR of 5.9%. The market is likely to hold a value of US$ 14,679 Million in 2022. Organic Pigments Market - The global organic pigments market is projected to have a moderate-paced CAGR of 4.5% during the forecast period. The current valuation of the market is US$ 5862 Million in 2022. BRIC Performance Coatings Market - The BRIC performance coatings market is expected to generate US$ 95.9 billion in revenue in 2022. The market is anticipated to grow at a CAGR of 5.3% to reach US$ 8.66 billion by 2032.hts, Inc. About Future Market Insights, Inc. Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries. Contact Us:Future Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware - 19713, USAT: +1-845-579-5705 LinkedIn| Twitter| Blogs | YouTubeFor Sales Enquiries:

© 2023