Global Industry Analysts Predicts the World Grid-Scale Battery Market to Reach $9.1 Billion by 2026

SAN FRANCISCO, Oct. 12, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Grid-Scale Battery - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 773
Companies: 48 - Players covered include ABB Group; BYD Co., Ltd.; Fluence Energy, LLC; General Electric Company; GS Yuasa Corporation; LG Chem; NGK Insulators Ltd.; Panasonic Corporation; Saft Groupe SA; Samsung SDI Co., Ltd; Tesla Motors, Inc.; Toshiba Corporation and Others.
Coverage: All major geographies and key segments
Segments: Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power, Other Applications); Type (Lithium-Ion, Lead Acid, Flow, Sodium-Based, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Grid-Scale Battery Market to Reach $9.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Grid-Scale Battery estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$9.1 Billion by 2026, growing at a CAGR of 31% over the analysis period. Lithium-Ion, one of the segments analyzed in the report, is projected to record a 34.3% CAGR and reach US$6.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lead Acid segment is readjusted to a revised 31.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $729.9 Million in 2021, While China is Forecast to Reach $1.6 Billion by 2026
The Grid-Scale Battery market in the U.S. is estimated at US$729.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 29.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.3% and 26.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.4% CAGR.

Flow Segment to Reach US$725.6 Million by the year 2026
In the global Flow segment, USA, Canada, Japan, China and Europe will drive the 24.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$155 Million in the year 2020 will reach a projected size of US$708.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.