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Behind the Meter Stationary Battery Storage Market Trends

Report ID: GMI5948
Published Date: Jun 2023
Report Format: PDF

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Behind the Meter Stationary Battery Storage Industry Trends

The behind the meter stationary battery storage sector is set to benefit from the rapid digitalization enabled by the increasing prevalence of smart devices. This growth in the communication industry will drive the demand for stationary battery systems. Governments worldwide are implementing measures to integrate renewable energy sources, further amplifying the need for reliable and efficient backup power systems. Furthermore, the deployment of battery storage systems aligns with the EU Green Deal's objective of achieving decarbonization by 2050. Battery storage systems are utilized for time-of-use optimization and energy arbitrage.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of behind the meter stationary battery storage crossed a valuation of USD 19.1 billion in 2022 and will record over 23% CAGR during 2023 to 2032, explains GMI report.

The behind-the-meter stationary battery storage industry size from the lithium-ion battery segment was worth USD 14 billion in 2022 attributed to increasing concerns about supply security and growing demand for power backup solutions.

Europe behind-the-meter stationary battery storage sector will observe 19% growth rate till 2032 attributed to factors such as declining battery costs, and favorable policies and incentives.

Narada, Siemens, Lockheed Martin Corporation, C&D Technologies, Inc., Panasonic Corporation, GS Yuasa International Ltd., Ritar International Group, and The Furukawa Battery Co., Ltd.,