14:24 | 14.06.2018
$5.8 Billion Grid-Scale Battery (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based) Market – Global Forecast to 2023 –

The “Grid-Scale
Battery Market by Type (Lithium-Ion, Lead Acid, Flow Battery,
Sodium-Based), Ownership-Model (Third-Party, Utility), Application
(Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power) &
Region – Global Forecast to 2023” report has been added to’s

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% between 2018
and 2023.

Some of the major factors driving the growth of the market include the
increasing investments in renewable energy and reducing costs of
grid-scale batteries owing to technological advancements and expanded

The grid-scale battery market has been segmented on the basis of
application into renewable integration, peak shifting, ancillary
services, back-up power, and others (including microgrids, ramping,
black start, and transmission/distribution upgrade deferral). Factors
such as attainment of renewable targets and energy efficiency, and
increased reliability, security and resiliency of microgrid applications
are expected to drive the growth of the grid-scale battery market for
renewable integration during the forecast period.

Asia Pacific is expected to be the fastest-growing market for grid-scale
batteries during the forecast period. It is the most populated region in
the world, and consequently, is witnessing a high demand for
electricity. Increasing investment in transmission and distribution of
power is among the major factors driving the growth of the market in
Asia Pacific.

The leading players in the grid-scale battery market 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
Key Topics Covered:
1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Grid-Scale Battery Market, By Battery Type

7 Grid-Scale Battery Market, By Ownership Model

8 Grid-Scale Battery Market, By Application

9 Grid-Scale Battery Market, By Region

10 Competitive Landscape

11 Company Profiles

LG Chem, Ltd.

Samsung SDI Co., Ltd.

Panasonic Corporation

Fluence Energy, LLC


BYD Company Limited


General Electric (GE)

GS Yuasa Corporation


Saft Groupe S.A.

S&C Electric Company

NGK Insulators

For more information about this report visit
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