New ARC Advisory Group research on the Grid-scale Batteries market reveals:
- Lithium battery chemistry dominates new grid storage at the moment due to price and performance gains obtained from the fast-growing market for lithium-based EV batteries.
- Recent trends indicate grid-scale storage is moving closer to the distribution end of the electric grid with municipal distribution, industrial, commercial, and residential segments.
- Grid storage is expanding at the utility, transmission, and distribution parts of the grid, but trends show more growth at the distribution end of the grid for industrial, commercial, and residential applications.
“Increased policy support and continued research breakthroughs that lower the cost of energy storage are helping develop the energy storage industry in a positive direction. Whether in microgrids, ancillary services, spot markets, or any other field, the future of energy storage looks bright,” according to Rick Rys, Senior Consultant at ARC Advisory Group and key author of ARC’s Grid-scale Batteries Global Market Analysis Report.
About the Grid-scale Batteries Market Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global and regional forecasts for the grid-scale batteries market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The market analysis includes five-year market forecasts by region and battery type.
This new research is available as a Concise Market Analysis Report in PDF format, which provides an executive-level summary of the current market dynamics, market forecasts, supplier recommendations, and an overview of strategic issues.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.