Stationary Energy Storage Market, By Application (Front of the Meter (FTM) or Grid Application, Behind the Meter), By Product (Lithium-ion (Li-ion), Lead Acid, Flow Battery, Sodium Sulfur), By Region (North America, Europe, Asia Pacific & Japan, China, Rest of the world)-

Published In : May 2023

Code : CMI5725

Pages :131

Formats :

Excel and PDF

Industry : Energy

Regional Analysis

Global Stationary Energy Storage Market: Regional Insights

Based on geography, the global stationary energy storage market is segmented into North America, Europe, Asia Pacific and Japan, China and Rest of the World.

Among the regions, Asia Pacific is projected to dominate and hold a significant share of the global stationary battery storage market in the near future. Its market share is largely driven by the increased investments in expanding power generation capacities, along with the growing electricity demand from industrial sectors. Furthermore, the continued industrialization of countries such as China and India has led to an increase in the emphasis on grid stability and reliable electricity. Efforts to lower carbon emissions by updating renewable energy infrastructure are also projected to enhance the market outlook.

Europe is another major region in the global stationary battery storage market. It is predicted to record a substantial growth over the next few years, largely owing to favorable government initiatives and policies for reducing carbon emissions. In addition, ongoing clean energy systems integration such as solar and wind requires cost-effective technologies for different networks to synchronize, which is also projected to propel the market outlook.