Published Date: 2021-05-08
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APAC Stationary Battery Storage Market size is anticipated to grow significantly from 2021 to 2027, according to a latest forecast report by Graphical Research.
The Asia Pacific industry growth is on account of governmental efforts to refurbish the existing grid networks owing to the rising demand of reliable power networks across developing nations. In addition, ongoing R&D activities to develop innovative large-scale clean storage systems and wireless technologies will further escalate the industry growth.
The flow batteries segment is predicted to witness a substantial growth through 2027 due to its long cycle life and flexible layout. Low harmful emissions, quick response time and absence of flammable electrolytes are few of the key features which will thrust the product deployment. Moreover, ongoing governmental efforts to curb the GHG emissions in order to reduce the global warming will further boost the market revenue.
Asia Pacific stationary battery storage market is anticipated to witness a noteworthy growth in the coming years from behind the meter application accounting to the rising development of mini grid infrastructure along with reducing battery prices. Growing consumer preference for reliable and resilient power supply coupled with increasing power cuts across developing nations will proliferate the market outlook. Furthermore, declining stationary battery storage system cost coupled with rising consumer awareness will improve the industry landscape.
Browse detailed statistical insights from the report, “Asia Pacific Stationary Battery Storage Market Size By Application (Grid Services { Frequency Regulation, Flexible Ramping, Black Start Services, Energy Shifting and Capacity Deferral, Transmission and Distribution Congestion Relief, Capacity Firming, Reduced RE Curtailment, Reduced Reliance on Diesel Gensets}, Behind The Meter {Electricity Consumers, System Operation, Mini Grids}, Off-Grid), By Battery (Lithium Ion, Sodium Sulphur, Lead Acid, Flow Battery), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
Increasing investments in energy infrastructure along with constant expansion in communication network will stimulate the market outlook in China. Moreover, governmental policies pertaining to adoption of energy storage systems coupled with growing economic scenario on account of ongoing development in commercial and residential sector will complement the product adoption across the region. In addition, soaring population growth coupled with ongoing efforts to reduce the GHG emission across the nation will fuel the requirement of clean energy storage systems, augmenting the market growth.
Key players in the Asia Pacific stationary battery storage industry are engaged in strategic partnership and mergers & acquisitions of various raw material providers and component manufacturers. Major players are investing across R&D activities to develop eco friendly systems with minimum emissions and high reliability, which will further fuel the market landscape. Eminent manufacturers operational in the industry include Durapower, Exide Technologies, Tesla, Inc., Duracell, Inc., and Toshiba Corporation amongst others.
The APAC stationary battery storage market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Battery
Asia Pacific Market, By Application
The above information has been provided for the following countries:
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