Stratview Research has recently published a report on Stationary Battery Storage Market segmented by Size, Share, Trend, Forecast, & Industry Analysis. The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Stationary Battery Storage’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.
Covid-19 Analysis –
Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Stationary Battery Storage market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
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The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
Based on the battery type, the market is segmented as lithium-ion, sodium sulphur, lead acid, flow battery, and others. The lithium-ion segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The lithium-ion batteries have higher shelf life compared to the conventional batteries, which is encouraging the usage of these batteries.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing stationary battery storage market during the forecast period, with China, Japan, India, and Australia being the major countries offering lucrative growth opportunities. The trend of shifting from conventional power generation to clean/green source of energy has led the market of stationary battery storage all over the world. Further, the rural electrification in the developing countries of Asia-Pacific has boosted the demand significantly.
Stationary battery storage market is likely to witness an impressive CAGR of 15.4% during the forecast period. The growing demand for stationary battery storage is mainly due to ongoing integration of clean energy systems, which has created a need for cost effective technologies.
Key Players in the Stationary Battery Storage Market
The following are the key players in the Stationary Battery Storage market.ACDelco BYD Co. Ltd. Duracell Inc. Durapower Exide Technologies Johnson Controls Inc. Samsung SDI Co. Ltd Tesla Toshiba Corporation Uniper.
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