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Batteries can store energy from on-peak renewable energy and release it when it is more needed in central, de-centralised and off-grid situations. Batteries can also offer grid support services like voltage control and frequency regulation, so maintaining grid stability and flexibility.
Market Analysis and Insights: Global Storage Battery for Power Supply Market
Due to the COVID-19 pandemic, the global Storage Battery for Power Supply market size is estimated to be worth US$ 10220 million in 2022 and is forecast to a readjusted size of US$ 49810 million by 2028 with a CAGR of 30.2% during the review period. Fully considering the economic change by this health crisis, Li-ion Battery accounting for % of the Storage Battery for Power Supply global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Utilities segment is altered to an % CAGR throughout this forecast period.
Global Storage Battery for Power Supply key players include Samsung SDI, LG Chem, Hoppecke, EnerSys, Toshiba, etc. Asia (Ex. Japan) is the largest market, with a share about 56%, followed by Europe and Japan, both have a share over 30 percent. In terms of product, Li-ion Battery is the largest segment, with a share over 67%. And in terms of application, the largest application is Utilities, followed by Railway Communication, etc.
In terms of production side, this report researches the Storage Battery for Power Supply capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Storage Battery for Power Supply by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Storage Battery for Power Supply Scope and Segment
Storage Battery for Power Supply market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Storage Battery for Power Supply market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
by Battery Type
Li-ion Battery
Pb Battery
Others
by Voltage Range
Up to DC 50 V
DC 50 V to 300 V
DC 300 V to DC 750 V
Others (Beyond 750 V)
by Product Type
Less than 10 KW
Beyond 10 KW to 100 KW
Beyond 100 KW to 500 KW
Others(Beyond 500 KW)
Segment by Application
Utilities
Communications
Railway Communication
Others
By Company
Samsung SDI
LG Chem
Hoppecke
EnerSys
Toshiba
GS Yuasa Corporate
Kokam
Shandong Sacred Sun Power Sources Co. ltd.
Gotion, Inc.
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Market Analysis and Insights: Global Storage Battery for Power Supply Market
Due to the COVID-19 pandemic, the global Storage Battery for Power Supply market size is estimated to be worth US$ 10220 million in 2022 and is forecast to a readjusted size of US$ 49810 million by 2028 with a CAGR of 30.2% during the review period. Fully considering the economic change by this health crisis, Li-ion Battery accounting for % of the Storage Battery for Power Supply global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Utilities segment is altered to an % CAGR throughout this forecast period.
Global Storage Battery for Power Supply key players include Samsung SDI, LG Chem, Hoppecke, EnerSys, Toshiba, etc. Asia (Ex. Japan) is the largest market, with a share about 56%, followed by Europe and Japan, both have a share over 30 percent. In terms of product, Li-ion Battery is the largest segment, with a share over 67%. And in terms of application, the largest application is Utilities, followed by Railway Communication, etc.
In terms of production side, this report researches the Storage Battery for Power Supply capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Storage Battery for Power Supply by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Storage Battery for Power Supply Scope and Segment
Storage Battery for Power Supply market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Storage Battery for Power Supply market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
by Battery Type
Li-ion Battery
Pb Battery
Others
by Voltage Range
Up to DC 50 V
DC 50 V to 300 V
DC 300 V to DC 750 V
Others (Beyond 750 V)
by Product Type
Less than 10 KW
Beyond 10 KW to 100 KW
Beyond 100 KW to 500 KW
Others(Beyond 500 KW)
Segment by Application
Utilities
Communications
Railway Communication
Others
By Company
Samsung SDI
LG Chem
Hoppecke
EnerSys
Toshiba
GS Yuasa Corporate
Kokam
Shandong Sacred Sun Power Sources Co. ltd.
Gotion, Inc.
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
