The Grid Scale Batteries market has had robust growth in 2021, despite the pandemic. This was driven by the fact that the shift to renewable generation has not slowed, but actually accelerated as a result of the COVID-19 pandemic, owing to easy monetary and fiscal policy, “build back better” programs focusing on sustainability, and the continuing reduction in technology costs. In addition to aggressive fiscal policy, central banks in the world’s largest economies slashed interest rates to zero. With borrowing costs low, investors are finding it easier to finance energy storage installations
"Sustainability has become an ever more central issue in recent years, and the COVID-19 pandemic highlighted our vulnerability to global natural catastrophe and the possibility of constructive action to mitigate that. One of the most significant avenues is decarbonization of the electricity sector with intermittent renewables, accelerating the market for storage solutions. With extreme weather challenging electric grids and geopolitical tensions simmering, governments worldwide are increasingly viewing a stable grid and adequate backup power as a matter of national security. Some governments are also adding decarbonization and climate resilience to that list. Energy storage is finding a role in all of these," according to Rick Rys, Senior Analyst and key author of ARC's Grid Scale Batteries Market Research Report.
Grid Scale Batteries Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Utilities Want to Own the Energy Transition
- Storage as a Matter of National Security
- Customers Utilizing Storage for Ever More Use Cases
Leading Suppliers to the Grid Scale Batteries Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: CATL, Fluence, Samsung, Tesla, TotalEnergies.
About the Grid Scale Batteries Research
The Grid-scale Batteries report explores the current and future market performance and related technology and business trends. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts segmented by World Region, Revenue Category, Mode, Customer, and Storage Type.
This new research is available as a Concise Market Analysis Report (PDF) which provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
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