U.S. Stationary Battery Storage Market share to grow at 17% CAGR from 2017 to 2030

An outlook on Stationary Battery Storage Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.

Stationary Battery Storage Market size will exceed USD 35 billion by 2030, as reported in the latest study by Global Market Insights, Inc.

Favorable regulatory frameworks toward development of sustainable electrical infrastructure subject to integration of effective grid support will drive the stationary battery storage market size. Lack of efficient monitoring systems coupled with frequent outages and failures across developing regions will further fuel the product demand.

China stationary battery storage market is projected to exceed USD 2 billion by 2030. National renewable targets favored by government aided funds toward the expansion of renewable networks will augment the industry outlook. In 2017, the China National Energy Administration has declared a funding worth USD 326.38 billion towards the expansion of renewable electrical networks across the country by 2020.

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Rising investments across sustainable energy through private and public funding programs coupled with ongoing expansion of micro-grid networks will foster the stationary battery storage market size. Growing demand for sustainable energy mix favored by advancing distributed generation technologies will further augment the industry growth. In 2017, International Finance Corporation declared a funding worth USD 103 million subject to incorporation of solar green bonds in India. The agency further affirmed a gross investment of USD 1.2 billion towards deployment of renewable technology in the country.

Flow battery in 2016, accounted for over 4% of global stationary battery storage market. Ongoing technological advancements toward development of cost-effective storage units coupled with high-end investments toward integration of a sustainable grid network will enhance the product demand. Longer life cycle favored by higher system efficiencies when compared to its competitive counterparts will further foster the business outlook.

Improved shelf life coupled with increasing R&D spending towards development of energy efficient systems will augment the stationary battery storage market share. Ongoing reforms pertaining to energy efficiency favored by growing deployment of enhanced storage units with high power densities will positively influence the product demand. Weight, comparative efficiency, discharge rates, cycle life, voltage and costs are few imperative features evaluated to integrate a competitive business scenario. In 2017, MDPI denoted comparative gravimetric energy density for lithium-ion batteries to be in the range of 110–160 Wh/kg in comparison to lead acid, NiCd and NiMH falling in the range of 30–50, 60–120 and 45–80, respectively in Wh/kg.

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Stationary battery storage market will grow on account of increasing demand for refurbishment of aging infrastructure coupled with increasing adoption of advance grid support systems across the U.S. Rising investment towards development of sustainable electrical network along with increasing concern towards energy security will further complement the business scenario. In 2017, China under its sovereign wealth fund proposed an investment worth USD 800 billion across the U.S. infrastructure sector.

Eminent players across the stationary battery storage market include Toshiba, Samsung SDI, Philips, Panasonic, GS Yuasa, A123, Hitachi Chemical, LG Chem, Valence Technology, Hitachi Maxell, BYD Co., Duracell, Exide, Johnson Controls, Roofers Technology, Uniper, Durapower, ACDelco, and Tesla.

Stationary battery storage market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD Billion from 2013 to 2030, for the following segments:

Stationary Battery Storage Market, By Battery

  • Lithium-ion
  • Sodium Sulphur
  • Lead Acid
  • Flow Battery
  • Others

Stationary Battery Storage Market, By Application

  • Emergency Power
  • Communication Base Station
  • Local Energy Storage
  • Remote Relay Station
  • Uninterruptible Power Supplies (UPS)

The above information is provided on a country basis for the following:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia
  • Latin America
    • Mexico
    • Brazil
    • Argentina

Browse key industry insights spread across 195 pages with 195 market data tables & 13 figures & charts from the report, Stationary Battery Storage Market in detail along with the table of contents:


About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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Solar Cell Market to grow at over 12% CAGR from 2016 to 2024

The Solar Cell Market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Solar Cell industry targeted at helping in business decisions.

Solar cells market is all set to witness a spectacular growth over the years ahead with the evolving demand for sustainable energy sources globally. The increasing government initiatives to promote renewable energy resources coupled with the concerns about negative environmental impact via the conventional sources will propel the solar cells industry growth over the coming years. According to Global Market Insights, Inc. “Global Solar Cells market size worth USD 35 billion in 2015 is set to record an appreciable growth rate of 12% over the period of 2016-2024.”

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In addition to the aforementioned factors, the increasing electricity demand is another vital driver for the solar cells industry. Estimates suggest that nearly 1 billion global population are deprived of reliable power supply resources, which is creating a huge growth ground for the solar cells market. The government worldwide is also actively participating to address the rising electricity demand. For instance, Government of India has approved a budget of Rs. 50 billion under NSM (National Solar Mission) for setting up Grid Connected Rooftop Systems (4.25 GW) in the country. South Africa, which is a major region facing lack of reliable electricity sources is set to register a CAGR of 12% over the period of 2016-2024.

Also, with the technological advancements, the product cost has also reduced significantly, which is in turn favoring its demand globally. In this regard, crystalline silicon technology based solar cells market will grow substantially with a target revenue of USD 65 billion by 2024. Thin film solar cells market will also witness a rapid surge over the coming years with an estimated capacity of 81 GW by 2024.

The developing countries are estimated to witness a huge adoption of these systems, owing to the growing demand for decentralized generation systems across these regions. In response to this fact, off-grid solar systems market is projected to witness a notable surge with a capacity target of 45 GW by 2024.

Solar cells market is accumulating a substantial share through its increasing applications across the residential, commercial, and utility sectors. Chile, where the execution of huge commercial and utility projects is on a peak, is estimated to contribute noticeably toward global solar cells market revenue, with a projected revenue of USD 700 million by 2024.

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The global awareness toward reducing carbon footprints and adoption of renewable energy sources will lead to a rapid growth in Europe & U.S. solar cells industry. As per the report, Europe solar cells market is forecast to record a CAGR of 17% over 2016-2024.

The global expansion of the solar cells industry will undoubtedly increase over the coming years with the depleting conventional resources and rising power supply demands. Key participants include Mitsubishi Electric Corporation, Jinko Solar, Trina Solar, First Solar, Moser Baer India Ltd, etc.

Browse key industry insights spread across 152 pages with 482 market data tables & 12 figures & charts from this report Solar Cell Market in detail along with the table of contents at:


Report Content

Chapter 1     Methodology & Scope

1.1    Research Methodology

1.1.1      Initial data exploration

1.1.2      Statistical model and forecast

1.1.3      Industry insights and validation

1.1.4      Research scope and assumptions

1.2    Data Sources

1.2.1.    Primary

1.2.2.    Secondary

Chapter 2     Executive Summary

2.1    Solar cell industry 3600 synopsis, 2013 – 2024

2.1.1      Current business environment

2.1.2      Technology trends

2.1.3      Product trends

2.1.4      Grid trends

2.1.5      Application trends

2.1.6      Regional trends

Chapter 3     Solar cells Industry Insights

3.1    Industry segmentation

3.2    Industry Size and forecast, 2013 – 2024

3.3    Industry ecosystem analysis

3.4    Vendor landscape

3.5    Innovation & sustainability

3.6    Regulatory framework

3.6.1      U.S.

3.6.2      India

3.6.3      Europe

3.6.4      China

3.7    Price trend analysis

3.7.1      Cost structure

3.8    Industry Impact forces

3.8.1      Growth drivers   Growing demand for clean fuel electricity   Decreasing solar component price   Favorable government initiatives   Strict government norms towards emission

3.8.2      Industry pitfalls & challenges   Lack of awareness

3.9    Growth potential analysis

3.10  Porter’s analysis

3.11  Competitive landscape, 2015

3.12  PESTEL analysis

This latest Solar Cell Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Solar Cell industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

  • Global Solar Cell Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key Solar Cell Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

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