{"id":507626,"date":"2020-09-18T20:00:01","date_gmt":"2020-09-18T20:00:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=507626"},"modified":"2020-09-18T20:00:01","modified_gmt":"2020-09-18T20:00:01","slug":"global-gridscale-battery-market-is-excepected-to-grow-at-a-cagr-of-3352-by-2023-with-top-players-lg-chem-samsung-panasonic-fluence-tesla-byd-company","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/global-gridscale-battery-market-is-excepected-to-grow-at-a-cagr-of-3352-by-2023-with-top-players-lg-chem-samsung-panasonic-fluence-tesla-byd-company_507626.html","title":{"rendered":"Global Grid-Scale Battery Market is Excepected to Grow at a CAGR of 33.52% by 2023 with top players LG Chem, Samsung, Panasonic, Fluence, Tesla, BYD Company"},"content":{"rendered":"
\"Global<\/a><\/p>\n
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Some of the leading manufacturers and providers of grid-scale batteries are LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), BYD Company (China), ABB (Switzerland), GE (US), GS Yuasa (Japan), Toshiba (Japan), Saft (France), S&C Electric (US), and NGK Insulators (Japan).<\/div>\n<\/div>\n<\/div>\n
Major factors driving the growth of the market include the increasing investments in renewable energy, reducing costs of grid-scale battery owing to technological advancements and expanded deployment.<\/div>\n

According to the new research report “Grid-Scale Battery Market<\/a> by Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), by Ownership-Model (Third-Party, Utility), by Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power), and Region – Global Forecast to 2023″<\/strong>, the grid-scale battery market is expected to grow from USD 1.37 Billion in 2018 to USD 5.82 Billion by 2023, at a CAGR of 33.52% during the forecast period. The growth of this market can be attributed to the increasing investments in renewable energy, reducing costs of grid-scale battery owing to technological advancements and expanded deployment, and government subsidies and regulations for enhancing energy efficiency.<\/p>\n

Browse 73 market data Tables and 39 Figures spread through 139 Pages and in-depth TOC on <\/em>“Grid-Scale Battery Market – Global Forecast to 2023”
<\/strong><\/p>\n

Download PDF Brochure  @ <\/strong>https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=93054442<\/a><\/p>\n

Lithium-ion batteries to hold the largest share of the grid-scale battery market throughout the forecast period<\/strong><\/p>\n

Lithium-ion batteries have high energy and power density, which allows these batteries to be lightweight with less standby losses and high life expectancy of 5–15 years with 98% efficiency. In addition, these batteries are lighter in weight than nickel-cadmium and nickel metal-hydride batteries. These features are expected to drive the growth of the grid-scale battery market for lithium-ion batteries.<\/p>\n

Grid-scale battery market for peak shifting applications to grow at a high rate during the forecast period<\/strong><\/p>\n

Grid-scale batteries have application in peak shifting, renewable integration, ancillary services, back-up power, and other applications. The grid-scale battery market for peak shifting applications is expected to grow at the highest rate during the forecast period. Peak shifting is a highly cost-effective method of reducing electric utility expenses.<\/p>\n

Scope of the Report:<\/strong>
Grid-Scale Battery Market:<\/strong><\/p>\n

    By Type<\/strong>
        Lithium-Ion
        Lead Acid
        Flow
        Sodium Based
        Others
    By Ownership-Model<\/strong>
        Third-Party Owned
        Utility Owned
    By Application<\/strong>
        Renewable Integration
        Peak Shift
        Ancillary Services
        Back-Up Power
        Others
    By Region<\/strong>
        North America
        Europe
        Asia Pacific
        RoW<\/p>\n

Asia Pacific <\/strong>is expected to dominate the grid-scale battery market <\/strong>during the forecast period.<\/strong><\/p>\n

In this report, the grid-scale battery market has been segemented on the basis of region into North America, Europe, Asia Pacific, and RoW. High population in APAC has resulted in the increased demand for energy; this has, in turn, amplified the need for fossil fuels. Moreover, governments of various countries in this region are striving to minimize adverse effects of the energy sector on the environment. These factors are encouraging the deployment of grid-scale batteries in residential and utility applications.<\/p>\n

Ask for Sample Pages of the Report @ <\/strong><\/p>\n

https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=93054442 <\/a><\/p>\n

For an in-depth understanding of the competitive landscape, profiles of some of the top players in the grid-scale battery market have been included in the report. The major market players include LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), and BYD Company (China).<\/p>\n

About MarketsandMarkets™<\/strong><\/p>\n

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities\/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.<\/p>\n

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MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.<\/p>\n

Contact:<\/strong>
Mr. Aashish Mehra<\/strong>
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com  <\/span><\/p>\n

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Some of the leading manufacturers and providers of grid-scale batteries are LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), BYD Company (China), ABB (Switzerland), GE (US), GS Yuasa (Japan), Toshiba (Japan), Saft (France), S&C Electric … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[408,409],"tags":[],"class_list":["post-507626","post","type-post","status-publish","format-standard","hentry","category-Electronics-Semiconductors","category-Energy-Environment"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/507626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=507626"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/507626\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=507626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=507626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=507626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}