Lithium-ion Stationary Battery Storage Market Demand, Top Trend & Regional Analysis To 2030

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Lithium-ion Stationary Battery Storage Market
Future Challenges, Trends, Analysis Growth
Outlook 2022-2032
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Industry Overview

• The ever-increasing need for energy and reliable
  power grid infrastructure across the globe has
  instigated the demand for efficient energy
  storage technologies. This has led to the
  development of advanced battery storage solutions
  providing lucrative growth prospects for
  stationary battery storage market.
• In addition to this, the growing consumer
  awareness regarding energy security and various
  government initiatives for the development of
  electricity infrastructure due to frequent power
  outages is impelling the demand for these
  systems. Various business players are working
  with government institutions towards the
  development of power storage solutions. Citing an
  instance, in 2020, leading OG company Total SE
  announced the launch of the largest battery-based
  energy storage project in France boasting 25
  megawatt hours of storage capacity and power
  output of 25 MW. According to the company, this
  new lithium-ion energy storage system will be
  used for providing quick reserve services to
  support power grid stability in the country.
  Reportedly, this project is a part of
  governments initiative to support the
  development of electrical infrastructure through
  capacity mechanisms. Such initiatives are
  augmenting the growth of stationary battery
  storage market.
• Europe stationary battery storage market is
  estimated to attain more than 19 gains between
  2023 and 2032. The introduction of subsidies and
  renewable energy schemes will augment stationary
  battery storage device installation, especially
  in nations such as Germany. The EEG or the
  Renewable Energy Sources Act, for example,
  incentivizes electric storage facilities through
  the exemption of grid tariffs and levies. The EU
  also aims to improve reliable power access in
  rural areas through distribution network
  expansions. These factors will boost awareness
  regarding the role of energy storage systems in
  ensuring more flexibility in the grid.

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Continue
Major companies operating in stationary battery
storage market such as Siemens AG, Tesla, Inc.,
Toshiba Corporation, Samsung SDI Co., Ltd, GS
Yuasa International Ltd., etc. are focusing on
new product development as well as mergers,
acquisitions, geographic expansion to gain a
strong market presence. These initiatives are in
turn opening new growth opportunities for the
industry. With significantly increasing demand
for reliable and stable power supply and ongoing
developments of energy storage systems in North
America, the regional stationary battery storage
market is expected to grow exponentially over the
subsequent years. Additionally, development of
new grid network and refurbishment of existing
ones coupled with shifting interest towards
sustainable energy technologies is proliferating
the industry landscape further.
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