Bharat Book

Global Market Report on Grid-Scale Electricity Storage Technologies

Press Release   •   Jan 18, 2016 12:21 IST

Jan 18 2016 Mumbai, India: announces a report on “ Global Market Report on Grid-Scale Electricity Storage Technologies ”. The scope of this investigation includes the major viable GSBS technologies that are currently being implemented in the power generation industry.

The global market for grid-scale battery storage technologies reached $637 million in 2014. This market is projected to reach nearly $4.0 billion in 2025 from $716 million in 2015 at a compound annual growth rate of 18.7% for the period 2015-2025.

This report provides:

-An overview of the global markets for grid-scale electricity storage technologies.

-Analyses of global market trends, with data from 2014, 2015, estimnates for 2020 and projections of CAGRs through 2025.

-A look at factors influencing growth of the market including a growing share of power generation coming from intermittent renewable energy sources, rising commodity prices, and escalating energy peak demand and price in many economies.

-Applications for Grid Scale Battery Storage including:

Power Generation Support - Load Levelling & Grid Stabilisation

-Renewable Energy Integration/ accommodation of Renewables

-Transmission & Distribution Support

-Distributed Power Generation and End-User Support

-Coverage of typical components including lead-acid batteries, Lithium-ion batteries, Sodium-based batteries, flow batteries, and others.

-Evaluation of overall benefits and challenges for using grid scale battery storage.

-Profiles of major players in the industry.


The report goal in conducting this study was to assess and describe the current status and assess the potential growth of the worldwide grid-scale battery storage (GSBS) technology industry and the market for associated storage technologies. More specifically, the study included the following objectives: (1) summarize existing GSBS technologies and promising emerging battery technologies and applications that are under development; (2) evaluate the existing GSBS technology industry, focusing on the manufacturers and providers of major components for viable storage technologies; and (3) assess market potential for GSBS technologies over a five-year period from 2015 through 2020.


With the exception of the recent period immediately following the global economic turndown, global demand for electricity is expected to continue to increase through at least the next two decades. However, much of the world’s electricity generation industry is in the midst of a turning point. In support of carbon dioxide (CO2) emissions reduction regulations and industry trends, the electricity generation sector is in the process of transitioning generally away from coal- and oil-fired electricity production, and toward the installation of increasing proportions of renewables. However, many renewable energy resources are intermittent in nature: Solar cells only generate
electricity when the sun is shining, and wind turbines only generate power when sufficient wind is blowing. To meet consumer electricity demand, which is often not aligned with available renewable power production capacity, very large-scale energy storage technologies are needed.

The purpose of this report is to provide a regional assessment of the GSBS market potential, as well as existing and projected future market sizes. This is an important scope because GSBS markets vary substantially based on regional characteristics and on the technology in question. Grid-scale battery technologies have been in existence for many decades but are only now coming into prominence as a major energy storage technology due to the increasing renewable energy generation sources. GSBS is considered in this report, as battery technologies are coming of age and are capable of storing sufficient energy to be relevant at the utility scale—with hundreds of megawatts (MWs) of generation capacity. Grid-scale battery technologies come in many different electrochemical formulae combinations. Within this context, this report identifies the basis and installation/market potential for GSBS demand in each global region, within the 2015 to 2025 timeframe.


This study reviews GSBS technologies, along with relevant market and production information, technological descriptions and issues, applications, and market factors and potential, and gives an overview of supporting incentives and regulations in major worldwide markets. This study will be of interest to current and potential manufacturers and suppliers of GSBS technologies and components, as well as venture capitalists, entrepreneurs and entrepreneurial companies interested in entering or expanding into the GSBS technology sector. It will also be of interest to corporate planners and strategists, companies involved in the production of batteries, supervisory control and data acquisition (SCADA) control software, and other infrastructure and software required for the implementation of GSBS technologies, as well as other energy efficiency advocacy groups and other public- and private-sector interest groups and market analysts.


The scope of this investigation includes the major viable GSBS technologies that are currently being implemented in the power generation industry. These technologies are implemented to temporarily store electricity during periods of available generation capacity, for subsequent use during periods of increased demand in support of load leveling, grid balancing, and renewable energy integration and intermittent generation balancing. The grid-scale battery storage technologies discussed in this report are increasingly deployed in support of intermittent renewable energy sources, such as solar and wind energy, which frequently generate power outside of peak demand periods. In these cases, GSBS technologies can facilitate delivery of renewable power to end users during periods of high and peak use, in support of utility-level regulations and greenhouse gas (GHG) emissions reduction strategies, which are increasingly common in the global electricity market.

The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry and academic data regarding the projected level of demand for utility-scale electricity storage technologies that could potentially translate into grid-scale battery storage (GSBS) projects. These data were supplemented with an evaluation of major utility electricity storage (UES) and renewable (solar and wind) projects that have been announced or that are currently being proposed. Therefore, this report provides a comprehensive review of available data to provide a realistic, robust and accurate assessment of this quickly changing market.

The report analyzes each major viable grid-scale battery storage technologies, determines their current market status, examines their impact on future markets and presents forecasts of growth over the next ten years. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry.

This analyzes the industry on a worldwide basis in terms of its manufacturing and the deployment of its technologies or products. The report examines government roles in support of grid-scale battery storage (GSBS) technologies worldwide, including regulatory support, government requirements and promotional incentives for various GSBS technologies as relevant and available. This report provides a review of the most relevant GSBS technologies, discusses recent trends in capacity installation and unit sales, and provides industry overviews and market assessments for each GSBS technology.


The following list indicates the major worldwide market regional groups that were assessed in support of this study.

-North America: United States, Canada, Mexico.

-Europe: All European nations except Iceland, including the portion of Russia located west of the Ural Mountains.

-Asia-Pacific: All Asia-Pacific countries. The Philippines were considered, but other South Pacific islands are not included. However, many Asian countries do not have significant installed UES capacities.

-Rest of the World: All Latin American, Middle East and African Countries.

Throughout the world, the different regions vary considerably in size and projected growth rates.


Both primary and secondary research methodologies were used in preparing this study. Background information, including reviews of each GSBS technology and its implementation status, were collected from government and industry sources. Specific citations and references are provided as needed to support this study, and website links to government and industry studies, white papers, and other relevant information are provided as relevant and available.

The report present and historic market trends was conducted primarily via phone interviews and Internet research, relying on personal interviews and available governmental data. Provided internal company data and annual documentation of sales relevant to each GSBS technology were also reviewed in order to prepare market assessments. Based on the results of our surveys and research, the report analyzed the potential applications for each technology, and forecast remaining 2015 sales and sales through 2020.

Market sizes and installed capacity figures were calculated based upon data obtained from surveyed parties, as well as published government and industry data sources. Additionally, when available, the data provided in this report were compared with other industry data to ensure relevance, applicability and accuracy.

This report has been compiled by accessing a combination of primary and secondary sources. The following sections were compiled from primary source;

-Industry structure and market overview – analyzed from industry interviews, industry and government data.

-Major companies and company profiles - analyzed from industry interviews, published financial and trade information.

-Market assessment and projections - analyzed from industry interviews, industry and government documents and data.

-Regulatory support for GSBS - analyzed from government documents.

The following sections of the report were analyzed from secondary data sources:

-Review of GSBS technologies and products - analyzed from scientific, government and industry research.


Both primary and secondary research methods were used in preparing this report. The report surveyed more than 64 companies and industry insiders to obtain the data for this study. Included were manufacturers of GSBS technologies, distributors of GSBS technologies, engineering firms involved in the GSBS industry, emerging technology developers, and current and former GSBS project developers, worldwide. Additionally, the report compiled data from current financial and trade information, industry associations, and government sources.

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