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Europe Stationary Battery Storage Market Share

Report ID: GMI7053
Published Date: Oct 2023
Report Format: PDF

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Europe Stationary Battery Storage Market Share

General Electric commands a substantial share in the Europe stationary battery storage industry, distinguished for its extensive experience in engineering and producing diverse waste heat recovery technologies, encompassing SRC, ORC, among others. With a rich history deeply rooted in the sustainable technologies sector, the company has delivered ORC solutions across a broad spectrum of applications, spanning oil & gas, waste to energy, and geothermal sectors.

Some of the key market players operating across the Europe stationary battery storage industry 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 Energy Solutions
Furukawa Battery Co., Ltd.
HydraRedox
Siemens Energy
Lockheed Martin Corporation
CMBlu Energy AG
JenaBatteries GmbH
Invinity Energy Systems
Contemporary Amperex Technology Co., Limited (CATL)

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market valuation of stationary battery storage in Europe was worth USD 24.3 billion in 2022 and is projected to expand at 19.7% CAGR from 2023 to 2032, driven by the continual reforms aimed at improving energy efficiency and the increasing focus on energy security.

Europe stationary battery storage market from the lead acid segment generated more than USD 950 million in 2022 and is poised to showcase at notable CAGR from 2023 to 2032, due to the maturation of its technological aspects and the emergence of alternative storage technologies.

Germany accounted for more than 28.1% revenue share of the stationary battery storage industry in 2022 in and is expected to witness steady growth through 2032, owing to the ongoing transition towards renewable energy sources.

Some major stationary battery storage companies in Europe are Tesla, Durapower Group, Johnson Controls, Exide Technologies, Duracell, Inc., Toshiba Corporation Samsung SDI Co., Ltd., Panasonic Corporation, LG Energy Solutions, Siemens Energy, and many others.