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The stationary battery storage market is expected to cross a


NEWARK, Del, 31 Dec. 2022 (GLOBE NEWSWIRE) — NEWARK, Del: During the forecast period 2023-2033, the Sstationary battery storage market is expected to grow at a value of 29% CAGR, according to Future Market Insights. By 2033, the global stationary battery storage market is expected to reach a market value of US$1218.20 billion. Due to their simple charging processes and low re-energization of liquid electrolytes, battery energy storage systems are expected to increase and be more widely used. Additionally, increasing applications in backup power, portable and stationary power applications are expected to bolster the growth of the market.

The market is driven by constant innovation in energy storage technology. Industry leaders, including US-based Power Electronics, are developing twin solar inverter and storage solutions and expanding their selection of solar charging systems. Especially in fire-sensitive areas where lithium-ion batteries are still considered unsafe, there is a growing demand for alternatives to lithium-ion technology such as zinc technology.

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Moreover, policy makers as well as key players are focusing on meeting and maintaining regulations to offer safe and standardized stationary battery storage systems. North America and Asia-Pacific are the main regions contributing to stationary battery storage systems due to the development of data centers and rural areas respectively.

Key insights from market research

  • By battery, the flow battery segment is poised to register a growth rate of more than 30% until 2033
  • By application, the application behind the meter is expected to see gains of nearly 25% through 2033.
  • North America is expected to own 40% market share for the stationary battery storage market in North America.
  • Asia-Pacific stationary battery storage market size expected to reach USD 445 billion by 2033

“Rapid deployment of energy resources with favorable initiatives by government authorities around the world are creating lucrative opportunities for stationary battery storage market. comments an analyst from Future Market Insights.

Competitive landscape

Key Players of Stationary Battery Storage Market are Tesla, Durapower Group, Johnson Controls, Exide Technologies, Duracell, Inc, BYD Company Ltd, Toshiba Corporation, Samsung SDI Co., Ltd, Panasonic Corporation, GS Yuasa International Ltd, A123 Systems , LLC. , LG Chem Ltd, Furukawa Battery Co., Ltd., HydraRedox, Narada Power Source Co. Ltd, Siemens, Lockheed Martin Corporation, CMBlu Energy AG, JenaBatteries GmbH and SCHMID Group

  • In July 2022, Durapower Group launched the DP Omni universal battery for electric buses and retrofits. The battery is designed to recharge in less than an hour. In addition, the battery can be customized according to customer requirements.
  • In March 2021, Toshiba Corporation launched lithium-ion batteries which focus on supplying power to different end-user industries. In this way, the company is forcing the development of carbon-free industries.

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More valuable information

Future Market Insights, in its new offering, presents an unbiased analysis of the global stationary battery storage market, showcasing historical analysis from 2018 to 2022 and forecast statistics for the period 2023-2033.

The study reveals critical insights on the basis of Battery (Lithium-Ion, Sodium-Sulfur, Lead-Acid, Flow Battery, Other Batteries), by Application (Grid Services, Behind Meter, Off-Grid) and Regions (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa).

About Chemicals and Materials at Future Market Insights

The Future Market Insights Chemistry and Materials field team offers expert analysis, timely research, and strategic recommendations with the aim of providing authentic information and accurate results to help customers worldwide. With a repository of over 100 reports and over a million data points, the team has been insightfully analyzing the industry in over 50 countries for over a decade. The team provides a brief analysis of key trends, including the competitive landscape, profit margin, and research development efforts.

Application Methodology –


1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market Context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Scenario forecast

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in the conservative scenario

3.3. Opportunity Map Analysis

3.4. Product life cycle analysis

3.5. Supply chain analysis

3.5.1. Supply-side participants and their roles Producers Mid-level participants (traders/agents/brokers) Wholesalers and distributors

3.5.2. Value added and value created at the node of the supply chain

3.5.3. List of raw material suppliers

3.5.4. List of existing and potential buyers

Complete TOC with report overview:

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR certified business consulting and market research firm, member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Recipient of the 2022 Clutch Leaders Award for high customer score (4.9/5), we have partnered with global companies on their business transformation journey and helped them realize their business ambitions. 80% of the Forbes 1000 largest companies are our clients. We serve global clients across all leading and niche market segments in all major industries.

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