Stationary Energy Storage Trends and Forecast
The future of the global stationary energy storage market looks promising with opportunities in the front of the meter (FTM) and behind the meter markets. The global stationary energy storage market is expected to reach an estimated $104.3 billion by 2030 with a CAGR of 20.3% from 2024 to 2030. The major drivers for this market are increasing use of renewable energy sources justifies the need for energy storage devices to mitigate intermittency, growing worries about greenhouse gas emissions and climate change, as well as, quick adoption of renewable energy sources and supportive legislative measures to lower carbon emissions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Stationary Energy Storage by Segment
The study includes a forecast for the global stationary energy storage by type, application, and region.
Stationary Energy Storage Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Lithium-ion (Li-ion)
• Lead Acid
• Flow Battery
• Sodium Sulfur
Stationary Energy Storage Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Front of the Meter (FTM)
• Behind the Meter
Stationary Energy Storage Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Stationary Energy Storage Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies stationary energy storage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the stationary energy storage companies profiled in this report include-
• Tesla
• Duracell Power Center
• Durapower Group
• Contemporary Amperex Technology
• Toshiba
Stationary Energy Storage Market Insights
Lucintel forecasts that lithium-ion (Li-ion) is expected to witness the highest growth over the forecast period.
Within this market, front of the meter (FTM) is expected to witness the higher growth.
APAC will remain the largest region over the forecast period due to the areaÄX%$%Xs quick economic expansion and rising need for renewable energy.
Features of the Global Stationary Energy Storage Market
Market Size Estimates: Stationary energy storage market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Stationary energy storage market size by type, application, and region in terms of value ($B).
Regional Analysis: Stationary energy storage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the stationary energy storage market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the stationary energy storage market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the stationary energy storage market size?
Answer: The global stationary energy storage market is expected to reach an estimated $104.3 billion by 2030.
Q2. What is the growth forecast for stationary energy storage market?
Answer: The global stationary energy storage market is expected to grow with a CAGR of 20.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the stationary energy storage market?
Answer: The major drivers for this market are increasing use of renewable energy sources justifies the need for energy storage devices to mitigate intermittency, growing worries about greenhouse gas emissions and climate change, as well as, quick adoption of renewable energy sources and supportive legislative measures to lower carbon emissions.
Q4. What are the major segments for stationary energy storage market?
Answer: The future of the global stationary energy storage market looks promising with opportunities in the front of the meter (FTM) and behind the meter markets.
Q5. Who are the key stationary energy storage market companies?
Answer: Some of the key stationary energy storage companies are as follows:
• Tesla
• Duracell Power Center
• Durapower Group
• Contemporary Amperex Technology
• Toshiba
Q6. Which stationary energy storage market segment will be the largest in future?
Answer: Lucintel forecasts that lithium-ion (Li-ion) is expected to witness the highest growth over the forecast period.
Q7. In stationary energy storage market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the areaÄX%$%Xs quick economic expansion and rising need for renewable energy.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the stationary energy storage market by type (lithium-ion (Li-ion), lead acid, flow battery, and sodium sulfur), application (front of the meter (FTM) and behind the meter), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Stationary Energy Storage Market, Stationary Energy Storage Market Size, Stationary Energy Storage Market Growth, Stationary Energy Storage Market Analysis, Stationary Energy Storage Market Report, Stationary Energy Storage Market Share, Stationary Energy Storage Market Trends, Stationary Energy Storage Market Forecast, Stationary Energy Storage Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.