LONDON--(BUSINESS WIRE)--Technavio has been monitoring the grid-scale battery market and it is poised to grow by USD 2.86 bn during 2020-2024, progressing at a CAGR of 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Growing ESS demand from utilities has been instrumental in driving the growth of the market. However, growing competition from fuel cells might hamper market growth. Request a free sample report
Grid-scale Battery Market 2020-2024: Segmentation
Grid-scale Battery Market is segmented as below:
- The Americas
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41151
Grid-scale Battery Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our grid-scale battery market report covers the following areas:
- Grid-scale Battery Market size
- Grid-scale Battery Market trends
- Grid-scale Battery Market industry analysis
This study identifies increasing installation of microgrids as one of the prime reasons driving the grid-scale battery market growth during the next few years.
Grid-scale Battery Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the grid-scale battery market, including some of the vendors such as ABB Ltd., BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., General Electric Co., Kokam Co. Ltd., LG Chem Ltd., NGK Insulators Ltd., Samsung SDI Co. Ltd., Sumitomo Electric Industries Ltd. and Tesla Inc. Backed with competitive intelligence and benchmarking, our research reports on the grid-scale battery market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Grid-scale Battery Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist grid-scale battery market growth during the next five years
- Estimation of the grid-scale battery market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the grid-scale battery market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of grid-scale battery market vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.