Public and private sector investment in renewable energy, mainly solar PV and wind, is increasing in response to the need to reduce carbon emissions and dependency on fossil fuels. However, the intermittent nature of renewables requires investment in complementary grid support solutions. Battery energy storage solutions provide stability for the grid and unlock new revenue opportunities for stakeholders. Lithium-ion batteries dominate this segment. The wider global demand for batteries from the automotive space has lowered average lithium system costs and encouraged investment in new manufacturing facilities. Beyond battery energy storage, the situation is very different. Lead acid batteries are well established in many end-user segments and provide an effective solution for companies. Telecoms, utility equipment, industrial, and data centers are among the segments dominated by lead acid. This picture will slowly change as lithium grows; however, lead acid will dominate many of these segments by the 2030s.
Author: Manoj Shankar
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Impact of the Top 3 Strategic Imperatives on the Stationary Lithium-ion (Li-ion) Battery and Lead Acid Battery (LAB) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Scope of Analysis
Geographical Scope
Definitions
Key Competitors—Lithium Ion
Key Competitors—Lead Acid
Growth Metrics
Distribution Channels
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by End User—Total
Revenue Forecast by End User—Lithium Ion
Revenue Forecast by End User—Lead Acid
Revenue Forecast by Region
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Region (continued)
Revenue Forecast Analysis by Region (continued)
Revenue Forecast Analysis by Region (continued)
Revenue Forecast Analysis by Region (continued)
Revenue Forecast Analysis by Region (continued)
Competitive Environment
Revenue Share of Top Participants—Li-ion Batteries
Revenue Share Analysis—Li-ion
Competitive Environment
Revenue Share of Top Participants—LABs
Revenue Share Analysis—LABs
Telecom
Revenue Forecast by Region—Telecom
Data Center
Revenue Forecast by Region—Data Center
Industrial
Revenue Forecast by Region—Industrial
Utility Equipment
Revenue Forecast by Region—Utility Equipment
Utility BESS
Revenue Forecast by Region—Utility BESS
C&PB BESS
Revenue Forecast by Region—C&PB BESS
C&PB Equipment
Revenue Forecast by Region—C&PB Equipment
Residential BESS
Revenue Forecast by Region—Residential BESS
EV Infrastructure
Revenue Forecast by Region—EV Infrastructure
Oil Gas
Revenue Forecast by Region—O&G
Off-grid Systems
Revenue Forecast by Region—Off-grid Systems
Growth Opportunity 1: Consolidation and Geographic Expansion
Growth Opportunity 1: Consolidation and Geographic Expansion (continued)
Growth Opportunity 2: New Product Development
Growth Opportunity 2: New Product Development (continued)
Growth Opportunity 3: Second-life Batteries for Battery Storage
Growth Opportunity 3: Second-life Batteries for Battery Storage (continued)
Other Competitors
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Stationary Li-ion Battery/LAB Market: Key Growth Metrics, Global, 2022
- Stationary Li-ion Battery/LAB Market: Distribution Channel Analysis, Global, 2022
- Stationary Li-ion Battery/LAB Market: Growth Drivers, Global, 2023–2035
- Stationary Li-ion Battery/LAB Market: Growth Restraints, Global, 2023–2035
- Stationary Li-ion Battery/LAB Market: Revenue Forecast, Global, 2022–2035
- Stationary Li-ion Battery/LAB Market: Revenue Forecast by End User, Global, 2022–2035
- Stationary Battery (Li-on): Revenue Forecast by End User, Global, 2020–2035
- Stationary Battery (Lead Acid): Revenue Forecast by End User, Global, 2022–2035
- Stationary Li-ion Battery/LAB Market: Revenue Forecast by Region, 2022–2035
- Stationary Li-ion Battery: Competitive Environment, Global, 2022
- Stationary Li-ion Battery: Revenue Share of Top Participants, Global, 2022
- Stationary LAB: Competitive Environment, Global, 2022
- Stationary LAB: Revenue Share of Top Participants, Global, 2022
- Stationary Li-ion Battery/LAB Market for Telecom: Revenue Forecast by Region, 2022–2035
- Stationary Li-ion Battery/LAB Market for Data Centers: Revenue Forecast by Region, 2022–2035
- Stationary Battery (Lithium Ion & Lead Acid) for Industrial: Revenue Forecast by Region, 2020–2035
- Stationary Li-ion Battery/LAB Market for Utility Equipment: Revenue Forecast by Region, 2022–2035
- Stationary Li-ion Battery/LAB Market for Utility BESS: Revenue Forecast by Region, 2022–2035
- Stationary Li-ion Battery/LAB Market for C&PB BESS: Revenue Forecast by Region, 2022–2035
- Stationary Li-ion Battery/LAB Market for C&PB Equipment: Revenue Forecast by Region, 2022–2035
- Stationary Li-ion Battery/LAB Market) for Residential BESS: Revenue Forecast by Region, 2022–2035
- Stationary Li-ion Battery/LAB Market for EV Infrastructure: Revenue Forecast by Region, 2022–2035
- Stationary Li-ion Battery/LAB Market for Oil & Gas: Revenue Forecast by Region, 2022–2035
- Stationary Li-ion Battery/LAB Market for Off-grid Systems: Revenue Forecast by Region, 2022–2035
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Public and private sector investment in renewable energy, mainly solar PV and wind, is increasing in response to the need to reduce carbon emissions and dependency on fossil fuels. However, the intermittent nature of renewables requires investment in complementary grid support solutions. Battery energy storage solutions provide stability for the grid and unlock new revenue opportunities for stakeholders. Lithium-ion batteries dominate this segment. The wider global demand for batteries from the automotive space has lowered average lithium system costs and encouraged investment in new manufacturing facilities. Beyond battery energy storage, the situation is very different. Lead acid batteries are well established in many end-user segments and provide an effective solution for companies. Telecoms, utility equipment, industrial, and data centers are among the segments dominated by lead acid. This picture will slowly change as lithium grows; however, lead acid will dominate many of these segments by the 2030s.
Author: Manoj Shankar
| Deliverable Type | Market Research |
|---|---|
| Author | Manoj Shankar |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Lithium Battery Market |
| Keyword 2 | Lead Acid Battery Market |
| Keyword 3 | Battery Market Analysis |
| List of Charts and Figures | Stationary Li-ion Battery/LAB Market: Key Growth Metrics, Global, 2022~ Stationary Li-ion Battery/LAB Market: Distribution Channel Analysis, Global, 2022~ Stationary Li-ion Battery/LAB Market: Growth Drivers, Global, 2023–2035~ Stationary Li-ion Battery/LAB Market: Growth Restraints, Global, 2023–2035~ Stationary Li-ion Battery/LAB Market: Revenue Forecast, Global, 2022–2035~ Stationary Li-ion Battery/LAB Market: Revenue Forecast by End User, Global, 2022–2035~ Stationary Battery (Li-on): Revenue Forecast by End User, Global, 2020–2035~ Stationary Battery (Lead Acid): Revenue Forecast by End User, Global, 2022–2035~ Stationary Li-ion Battery/LAB Market: Revenue Forecast by Region, 2022–2035~ Stationary Li-ion Battery: Competitive Environment, Global, 2022~ Stationary Li-ion Battery: Revenue Share of Top Participants, Global, 2022~ Stationary LAB: Competitive Environment, Global, 2022~ Stationary LAB: Revenue Share of Top Participants, Global, 2022~ Stationary Li-ion Battery/LAB Market for Telecom: Revenue Forecast by Region, 2022–2035~ Stationary Li-ion Battery/LAB Market for Data Centers: Revenue Forecast by Region, 2022–2035~ Stationary Battery (Lithium Ion & Lead Acid) for Industrial: Revenue Forecast by Region, 2020–2035~ Stationary Li-ion Battery/LAB Market for Utility Equipment: Revenue Forecast by Region, 2022–2035~ Stationary Li-ion Battery/LAB Market for Utility BESS: Revenue Forecast by Region, 2022–2035~ Stationary Li-ion Battery/LAB Market for C&PB BESS: Revenue Forecast by Region, 2022–2035~ Stationary Li-ion Battery/LAB Market for C&PB Equipment: Revenue Forecast by Region, 2022–2035~ Stationary Li-ion Battery/LAB Market) for Residential BESS: Revenue Forecast by Region, 2022–2035~ Stationary Li-ion Battery/LAB Market for EV Infrastructure: Revenue Forecast by Region, 2022–2035~ Stationary Li-ion Battery/LAB Market for Oil & Gas: Revenue Forecast by Region, 2022–2035~ Stationary Li-ion Battery/LAB Market for Off-grid Systems: Revenue Forecast by Region, 2022–2035~ |
| Podcast | No |
| WIP Number | PEA2-01-00-00-00 |
Global Stationary Li-ion and Lead Acid Battery Growth Opportunities
Global Stationary Li-ion and Lead Acid Battery Growth Opportunities
Efficient Battery Storage Solutions Accelerating Transition to Renewable Energy Sources
RELEASE DATE
10-Nov-2023
10-Nov-2023
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: PEA2-01-00-00-00
SKU: EG_2023_293
$4,000.00
In stock
SKU
EG_2023_293
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