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According to a new report released by Wiseguyreports.
com, the global grid-scale battery market will reach $8.
17 billion
by 2025.
The growth rate is expected to exceed 31.
73%
from 2018 to 2025.
By 2025, the global grid-scale battery market will reach $8.
17 billion
The major factors driving the growth of the market are falling prices, benefiting from expanding deployment and technological development, increasing number of renewable energy investments, government aid and subsidies, and regulations
to improve energy efficiency.
Advancements in molten salt battery technology are one of the possible opportunity areas for the growth of the market, and excessive initial capital expenditure is one of
the major restraints for the market.
The global grid-scale battery market is segmented
on the basis of type, ownership model, and application.
By 2025, lithium-ion products in the type segment market will show a dominant and largest market share trend
.
The peak shift segment segment is expected to maintain the highest market growth rate
.
The regional analysis of the global grid-scale battery market is considered applicable to key regions
such as Asia Pacific, North America, Europe, Latin America, and the rest of the world.
North America is the leading region globally in terms of market share due to the increasing demand for renewable energy storage in the non-residential, residential, and utility sectors
.
Given the growing demand for energy due to the growing population of countries and regions such as India, China, and Japan, the Asia-Pacific region is expected to dominate the market from 2018 to 2025
.
Some of the major players in the global grid-scale battery market include Tesla, Benchmarking, ABB, Toshiba, EnerVault, LG Chem, Panasonic Corporation, BYD, NGK Insulator, Samsung SDI, General Electric, Saft Group, and others
.
The fierce competition has made these players spend a lot of effort on product development to improve the needs of their customers
.
，
According to a new report released by Wiseguyreports.
com, the global grid-scale battery market will reach $8.
17 billion
by 2025.
The growth rate is expected to exceed 31.
73%
from 2018 to 2025.
By 2025, the global grid-scale battery market will reach $8.
17 billion
17 billion
The major factors driving the growth of the market are falling prices, benefiting from expanding deployment and technological development, increasing number of renewable energy investments, government aid and subsidies, and regulations
to improve energy efficiency.
Advancements in molten salt battery technology are one of the possible opportunity areas for the growth of the market, and excessive initial capital expenditure is one of
the major restraints for the market.
The global grid-scale battery market is segmented
on the basis of type, ownership model, and application.
By 2025, lithium-ion products in the type segment market will show a dominant and largest market share trend
.
The peak shift segment segment is expected to maintain the highest market growth rate
.
The regional analysis of the global grid-scale battery market is considered applicable to key regions
such as Asia Pacific, North America, Europe, Latin America, and the rest of the world.
North America is the leading region globally in terms of market share due to the increasing demand for renewable energy storage in the non-residential, residential, and utility sectors
.
Given the growing demand for energy due to the growing population of countries and regions such as India, China, and Japan, the Asia-Pacific region is expected to dominate the market from 2018 to 2025
.
Some of the major players in the global grid-scale battery market include Tesla, Benchmarking, ABB, Toshiba, EnerVault, LG Chem, Panasonic Corporation, BYD, NGK Insulator, Samsung SDI, General Electric, Saft Group, and others
.
The fierce competition has made these players spend a lot of effort on product development to improve the needs of their customers
.
，
