Global Grid-Scale Electricity Storage Technology Market Growth (Status and Outlook) 2023-2029

Global Grid-Scale Electricity Storage Technology Market Growth (Status and Outlook) 2023-2029

The global Grid-Scale Electricity Storage Technology market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Grid-Scale Electricity Storage Technology is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Grid-Scale Electricity Storage Technology is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Grid-Scale Electricity Storage Technology is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Grid-Scale Electricity Storage Technology players cover ABB, GE, Panasonic, CATL, Toshiba International, Johnson Controls, LG Chem, Samsung SDI and Aquion Energy, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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.

LPI (LP Information)' newest research report, the “Grid-Scale Electricity Storage Technology Industry Forecast” looks at past sales and reviews total world Grid-Scale Electricity Storage Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Grid-Scale Electricity Storage Technology sales for 2023 through 2029. With Grid-Scale Electricity Storage Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Grid-Scale Electricity Storage Technology industry.

This Insight Report provides a comprehensive analysis of the global Grid-Scale Electricity Storage Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Grid-Scale Electricity Storage Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Grid-Scale Electricity Storage Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Grid-Scale Electricity Storage Technology and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Grid-Scale Electricity Storage Technology.

This report presents a comprehensive overview, market shares, and growth opportunities of Grid-Scale Electricity Storage Technology market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Mechanical Energy Storage
Electrochemical Energy Storage

Segmentation by application
City Power Supply
Industrial Power Supply
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.