Global Grid-Scale Electricity Storage Technology Supply, Demand and Key Producers, 2023-2029

Global Grid-Scale Electricity Storage Technology Supply, Demand and Key Producers, 2023-2029

The global Grid-Scale Electricity Storage Technology market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

Grid-Scale Electricity Storage Technology refers to the technology used to store electricity on a large scale to balance the demand and supply of electricity in the power system during peak and off-peak periods. These technologies can store electricity for later use, thus improving the reliability and flexibility of the power system.

Currently, common Grid-Scale Electricity Storage Technologies include:

Pumped Hydro Storage: water is pumped to a high-level reservoir during peak periods and then released back to the reservoir during off-peak periods, driving a turbine to generate electricity.

Battery Storage: large battery arrays are used to store electricity for later use.

Grid-Scale Electricity Storage Technology is a very important field that can help us better manage the power system and improve its reliability and flexibility. It will play an increasingly important role in the future energy transition.

This report studies the global Grid-Scale Electricity Storage Technology demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Grid-Scale Electricity Storage Technology, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Grid-Scale Electricity Storage Technology that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Grid-Scale Electricity Storage Technology total market, 2018-2029, (USD Million)

Global Grid-Scale Electricity Storage Technology total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Grid-Scale Electricity Storage Technology total market, key domestic companies and share, (USD Million)

Global Grid-Scale Electricity Storage Technology revenue by player and market share 2018-2023, (USD Million)

Global Grid-Scale Electricity Storage Technology total market by Type, CAGR, 2018-2029, (USD Million)

Global Grid-Scale Electricity Storage Technology total market by Application, CAGR, 2018-2029, (USD Million)

This reports profiles major players in the global Grid-Scale Electricity Storage Technology market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, GE, Panasonic, CATL, Toshiba International, Johnson Controls, LG Chem, Samsung SDI and Aquion Energy, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Grid-Scale Electricity Storage Technology market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Grid-Scale Electricity Storage Technology Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Grid-Scale Electricity Storage Technology Market, Segmentation by Type
Mechanical Energy Storage
Electrochemical Energy Storage

Global Grid-Scale Electricity Storage Technology Market, Segmentation by Application
City Power Supply
Industrial Power Supply
Others

Companies Profiled:
ABB
GE
Panasonic
CATL
Toshiba International
Johnson Controls
LG Chem
Samsung SDI
Aquion Energy
AES Corporation
Moss Landing Energy Storage Facility
DP World London Gateway
Victorian Big Battery
Gateway Battery Energy Storage System
Contemporary Amperex Technology Ltd
FlexGen

Key Questions Answered

1. How big is the global Grid-Scale Electricity Storage Technology market?

2. What is the demand of the global Grid-Scale Electricity Storage Technology market?

3. What is the year over year growth of the global Grid-Scale Electricity Storage Technology market?

4. What is the total value of the global Grid-Scale Electricity Storage Technology market?

5. Who are the major players in the global Grid-Scale Electricity Storage Technology market?

6. What are the growth factors driving the market demand?