Storage Battery for Power Supply Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Samsung SDI, LG Chem, Hoppecke, EnerSys, Toshiba

Over the next five years the Storage Battery for Power Supply Market will register an 16.4% CAGR in terms of revenue, the global market size will reach USD 31.20 billion by 2027.

Storage Battery for Power Supply Market Overview

The growth of the market is attributed to the increasing demand for grid energy storage systems owing to ongoing grid modernization, growing penetration of lithium-ion batteries in renewable energy sector, and rising trend of adopting low-carbon and less fossil fuel-based economy and ongoing renewable energy revolution. However, high capital expenditure required for installing battery energy storage systems is restraining the market growth. On the flip side, surge in number of rural electrification projects worldwide, increase in need for continuous power supply attributed to rise in number of data centres, and decline in prices of lithium-ion batteries are expected to create huge opportunities for the adoption of battery energy storage system in the coming years. Moreover, the battery energy storage system manufacturers are facing challenges due to factors such as complexity in installing battery energy storage systems at islands or in remote areas, overheating of lithium-ion batteries, and aging of lithium-ion batteries.

The lack of understanding among non-data centre, on the other hand, is concerning. The report aspects discussed the profile of the top manufacturers of the global Storage Battery for Power Supply market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Storage Battery for Power Supply Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Storage Battery for Power Supply Market?

The Storage Battery for Power Supply Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Samsung SDI, LG Chem, Hoppecke, EnerSys, Toshiba, GS Yuasa Corporate, Kokam, Shandong Sacred Sun Power Sources Co. ltd., Gotion, Inc. and others.

• LG Chem (December 13, 2021) – Li-Cycle Holdings Corp, an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced that it has entered into a manufacturing scrap supply and nickel sulphate off-take agreement letter of intent with LG Chem, Ltd. And LG Energy Solution, Ltd.


• January 12, 2022 — Toshiba Corporation, a company dedicated to advancing carbon neutrality through its technologies, products and services, today expanded its SCiBTM product offering with the launch of an innovative 20Ah-HP lithium-ion rechargeable battery cell that delivers high energy and high power at the same time.

What are the major Applications, Types and Regions for Storage Battery for Power Supply Market?

Storage Battery for Power Supply Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Less than 10 KW


• Beyond 10 KW to 100 KW


• Beyond 100KW to 500 KW


• Others (Beyond 500 KW)

By Applications it is segmented into

• Communications


• Utilities (Electric Power Station, Gas, Water, etc.)


• Railway Communication


• Others

Storage Battery for Power Supply Market Regional Analysis

The market in APAC is expected to grow at the highest CAGR from 2022 to 2027. The region holds the largest share of battery energy storage system market in 2021. APAC is a hub for the battery energy storage system industry. APAC is expected to witness plans for electrification in remote areas, which are mostly off-grid in several countries. The use of residential energy storage technology will enable to increase access to electricity for these remote and island communities in the region.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Storage Battery for Power Supply Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyses market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Storage Battery for Power Supply Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Storage Battery for Power Supply Market report scope?

Key Takeaways from this Storage Battery for Power Supply Report

• Evaluate Storage Battery for Power Supply market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Storage Battery for Power Supply market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Storage Battery for Power Supply Market is studied from 2017 - 2027.

What is the growth rate of Storage Battery for Power Supply Market?

The Storage Battery for Power Supply Market is growing at a CAGR of 16.4% over the next 5 years.

Who are the leading key players in Storage Battery for Power Supply Market?

Samsung SDI Ltd. (KSE :006400.KS), LG Chem  Ltd. (KSE:051910.KS), Hoppecke, EnerSys (NYSE:ENS), Toshiba Corporation (Other OTC:TOSYY), GS Yuasa Corporate, Kokam, Shandong Sacred Sun Power Sources Co. ltd., Gotion, Inc. and others.

What regions regions does this Storage Battery for Power Supply Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Storage Battery for Power Supply Market?

Less than 10 KW, Beyond 10 KW to 100 KW, Beyond 100KW to 500 KW, Others (Beyond 500 KW)

What are the significant Applications of Storage Battery for Power Supply Market?

Communications, Utilities (Electric Power Station, Gas, Water, etc.), Railway Communication, Others

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