The global Grid Scale Stationary Battery Storage Market size was valued at USD 10,376.3 million in 2021 and is poised to grow at a significant CAGR of 12.5% during the forecast period 2022-28. Rising investments in renewable energy resources, increased government awareness of the need to reduce carbon emissions, and an increase in demand for grid stability and electricity supply problems are the factors influence the growth of grid scale stationary battery storage market over the forecast years. According to the c2es organization, carbon dioxide accounts for around 76 percent of all greenhouse emissions, with the most significant sources being the use of fossil fuels for power, heat, and transportation. Increasing attempts to offer uninterrupted power supply during power outages, as well as advances in the performance characteristics of lithium-ion batteries, are projected to fuel market expansion in the coming years.

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The Lithium-ion Battery Segment is Dominating the Grid Scale Stationary Battery Storage Market
The Lithium-ion Battery segment is expected to account for a larger revenue share and the market is expected to grow at double digit growth rate over the forecast years owing to these batteries are widely used in portable electronic devices, personal computers, digital cameras, and a variety of other electronic products in the consumer electronics sector. These batteries are also used in autos and stationary applications such as telecom towers and residential inverters where an uninterrupted power source is required. This boosts their acceptance and consequently supports the segment development.

The global grid scale stationary battery storage market segmentation:

  • By Grid Service: Frequency Regulation, Flexible Ramping, Black Start Services, Energy Shifting and Capacity Deferral, Transmission and Distribution Congestion Relief, Capacity Firming, Reduced RE Curtailment, Reduced Reliance on Diesel Gensets
  • By Battery Type: Lithium Ion, Sodium Sulphur, Lead Acid, Flow Battery

Asia Pacific Leads Grid Scale Stationary Battery Storage Market

Asia Pacific is expected to hold significant market share in the global Grid Scale Stationary Battery Storage market and is projected to grow at a prominent growth rate over the forecast years The Asia Pacific market is expected to gain the highest share throughout the forecast period, owing to the region's fast industrialization and urbanisation, high manufacturing output of countries such as China and India, and increased development of new products. For example, in 2017, China's urban population was roughly 59 percent, which is expected to climb to approximately 64 percent by the end of 2020.

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Key player’s profiles in the grid scale stationary battery storage market report are GS Yuasa Corp., Johnson Controls, Inc., Exide Technologies, Inc., Enersys, Inc., Northstar Battery Company LLC, C&D Technologies, Inc., Robert Bosch GmbH, Saft Groupe S.A., East Penn Manufacturing Co.

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