Stationary energy storage (ESS) is a critical component of grid resiliency and energy efficiency. It helps ensure that power from renewable sources is available when and where it’s needed. It also helps to reduce electricity bills and greenhouse gas emissions. A wide variety of solutions exist for storing electrical energy, ranging from hydraulic storage to electrochemical storage. The most common solution is the use of batteries, which store energy in a chemical form through an exchange of ions and electrons between two electrodes.

Market Dynamics:

Stationary energy storage market is a growing on the account of increasing global focus on reducing carbon emissions worldwide. It is also influenced by the increased demand for backup power solutions, as well as grid modernization efforts and advancements in renewable energy technologies. Regulatory frameworks for energy storage are also key factor driving stationary battery storage market growth. For example, in the US, regulators have set various standards for utility companies to meet their maximum energy storage targets. This is expected to continue, resulting in more widespread adoption of energy storage systems.

However, safety issues associated with the use of batteries is expected to restrict the market growth.

Key features of the study:

• This report provides in-depth analysis of the global stationary energy storage market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global stationary energy storage market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Tesla, Duracell Power Center, Durapower Group, Contemporary Amperex Technology Co., Limited (CATL), and Toshiba Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global stationary energy storage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global stationary energy storage market

Detailed Segmentation:

• Global Stationary Energy Storage Market, By Application
  • Front of the Meter (FTM) or Grid Application
  • Behind the Meter
• Global Stationary Energy Storage Market, By Product
  • Lithium-ion (Li-ion)
  • Lead Acid
  • Flow Battery
  • Sodium Sulfur
• Global Stationary Energy Storage Market, By Region
  • North America
  • Europe
  • Asia Pacific & Japan
  • China
  • Rest of the world
• Company Profiles
  • Tesla
  • Duracell Power Center
  • Durapower Group
  • Contemporary Amperex Technology Co., Limited (CATL)
  • Toshiba Corporation