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Lithium-ion Stationary Battery Storage Market Share

Report ID: GMI5339
Published Date: Sep 2022
Report Format: PDF

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Lithium-ion Stationary Battery Storage Market Share

Top participants operating in the lithium-ion stationary battery storage market are

Johnson Controls
Panasonic Corporation
Leclanché SA
Hitachi Energy Ltd.
LG Chem
Exide Technologies
Toshiba Corporation
GS Yuasa International Ltd
Siemens Energy
Tesla
BYD Company Ltd.
SK Innovation Co Ltd
VARTA AG

These leaders are focusing on business expansions to strengthen their footprint in the global market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of lithium-ion stationary battery storage crossed over USD 61.3 billion in 2023 and is anticipated to record a CAGR of more than 18.8% through 2032, due to the rising emphasis on mitigating greenhouse gas emissions.

The NMC segment is slated to exhibit a CAGR of over 16% from 2022 to 2032, driven by the growing acceptance of NMC batteries in solar plus storage deployments.

The grid services segment surpassed more than USD 19 billion in 2021, on account of rapid industrialization and urbanization. It is projected to witness substantial gains through 2032.

The European market is predicted to observe a 16% growth rate till 2032, due to the growing preference for clean energy and favorable reforms on maintaining energy efficiency.

Some of the key companies partaking in the industry include Johnson Controls, Panasonic Corporation, Hitachi Energy Ltd., LG Chem, Toshiba Corporation, Siemens Energy, Tesla, BYD Company Ltd., SK Innovation Co Ltd, and others.