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Global Energy Storage Battery Market Size And Forecast, 2018-2025

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The Global Energy Storage Battery Market size is projected to be worth USD 7.99 billion by 2025 driven by the increasing need for reliable and flexible smart grid systems. Energy storage deployments have increased significantly over the past few yea
Adroit Market Research
Global Energy Storage Battery
Market Size 2017
By Type (Lithium Ion Battery, All-Vanadium Flow Battery,
Zinc-Bromine Flow Battery, Others), by Application (Utility
Solution, Residential Solution, Non-Residential), By Region
and Forecast 2018 to 2025
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Adroit Market Research
Global Energy Storage Battery Market Size And Forecast, 2013-2025
• The Global Energy Storage Battery Market size is projected to be worth USD 7.99 billion by 2025 driven by the increasing
need for reliable and flexible smart grid systems. Energy storage deployments have increased significantly over the past
few years in conformity with the smart city initiatives, thus, driving the demand for smart power grids. This initiative has
received overwhelming support from the regulatory bodies of various nations across the world. In 2015, abiding with the
state policies, the US energy storage market expanded three times than the previous year due to increasing installations in
residences. However, this is miniscule compared the total energy produced in the country. This implies the availability of
tremendous opportunities for the energy storage market in the near future. Based on our study, the US battery energy
storage market is estimated to be worth USD 5.09 billion by 2025.
• Similarly, the adoption for grid technology to store generated electricity across borders has increased. Initiatives by
governments to reduce the losses incurred due to the loss of electricity generated coupled with initiatives for
electrification, especially in developing countries, is expected to drive the demand for energy storage batteries. Electricity
storage is anticipated to play a crucial role as an enabler in the next phase of the energy transition.
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Global Energy Storage Battery Market Size And Forecast, 2013-2025
• Energy storage batteries help in rapid decarbonization in segments where these systems are used. In the transport
sector, usage of battery energy storage in electric vehicles (EVs, HEVs and PHEVs) has been improving rapidly and the
trend is anticipated to continue over the forecast period. Batteries are being increasingly installed in homes as they help
in providing socio-economic benefits with fewer power outage interruptions. This scenario holds weightage despite the
dependency of a home on electricity grid and/or renewable energy. In fact, installations of residential energy storage
battery is expected to increase rapidly over the next seven years at an anticipated CAGR of 50.1% globally.
• Lithium-ion, vanadium redox flow, and zinc-bromine flow are some of the widely used energy storage batteries across
various industries. The usage of each of these battery types is determined by numerous factors such as energy density,
discharge cycles, and maintenance among other factors. Batteries such as lithium-ion are used widely in consumer
electronics, whereas vanadium redox flow batteries are installed in applications requiring multitudes of uninterrupted
power supply such as a manufacturing area/district within a city.
• North America dominated the global energy storage battery market with 609.9 MW installed in 2017. The region is
expected to be a leader within the global market over the forecast period. On the other hand, Asia Pacific which
accounted for 36.7% of the total installations in 2017 is likely to witness the fastest growth up to 2025 due to huge
investments made by various governments in this sector to integrate sustainable energy storage solutions.
• The competitive landscape of the global energy storage battery market is marked by the presence of players catering to
consumers locally as well as internationally. Companies including NGK Insulators Ltd., Sungrow-Samsung SDI Energy
Storage Power Supply Co., SMA Solar Technology AG, Aggreko, SOCOMEC, ABB, AEG Power Solutions, Tesla Energy
Operations Inc. (SolarCity), and ZEN have a broader presence within the global market.
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Key segments of the global energy storage battery market
Type Overview, 2013-2025 (USD Million) (MW)
• Lithium-ion battery
• All-vanadium flow battery
• Zinc-bromine flow battery
• Others
Application Overview, 2013-2025 (USD Million) (MW)
• Utility solution
• Residential solution
• Non-Residential solution
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Key segments of the global fitness equipment market
Regional Overview, 2013-2025 (USD Million) (MW)
• North America
• Europe
• Asia Pacific
• Latin America
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our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
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