The batteries for stationary energy storage market aid grid stability, store renewable energy, and are set to grow rapidly from 2025 to 2034.
Batteries for stationary energy storage, or battery energy storage systems (BESS), are made to store electric energy to use it later and are commonly used in households, Utility grids and businesses. These are batteries infused with advanced technologies like lithium-ion, redox flow batteries, and lead-acid. These batteries help balance electricity supply and demand with grid stabilization and provide emergency power during power cuts.
With the growth in volume of renewable energy sources penetrating the electricity grids increases, the demand for batteries for stationary energy storage also increases. The batteries for stationary energy storage market are expected to grow rapidly in the forecasted period from 2025-2034 with the major developments in technology and government incentive and subsidies for the businesses.
“Grid-connected energy storage was created in the U.S. to increase reliability and lower the cost of all forms of power. By expanding the use of U.S.-manufactured content in these systems, we are supporting a stronger supply chain necessary to move toward even greater energy independence.”
“This award proves SAMSUNG SDI's technological capabilities to constantly innovate and challenge. We will continue to proactively discover future technologies in advance of the upcoming supercycle,” said a SAMSUNG SDI official.
North America
North America dominated the global batteries for stationary energy storage market in 2024. The market drivers for such a huge contribution in the market are the increase in awareness for renewable resources and initiatives by the government to boost the production of such renewable resources through incentives and subsidies.
APAC
Asia-Pacific is expected to be the fastest-growing region in the forecasted period of 2025-2034 in the global batteries for stationary energy storage market. The growth in the market is attributed to advancements in technology and an increase in the awareness of the use of renewable resources and energy, due to which the demand for batteries for energy storage has risen.
The batteries for stationary energy storage market is highly competitive with big players like Samsung SDI, Panasonic, Fluence energy, SAFT, VARTA, and many more. The market is rapidly growing and attracting new players with innovative methods and ideas to compete with the already established players with assistance from the governments through subsidies and incentives. The market is dominated by several companies, but the companies that are renowned for their contribution in the market are listed below:
Samsung SDI Co. is Headquartered in South Korea and provides energy solutions and electronic materials and specializes in rechargeable batteries for various applications. The company recorded an annual revenue of $ 11.55 billion in 2024 and is growing at a CAGR of 12%.
Fluence Energy is one of the leading producers of products, services, and optimization software for renewables and storage. The company recorded an annual revenue of $ 2.52 billion in 2024.
Panasonic is one of the leading global electronics companies aiming to provide cutting-edge electronic technologies and solutions for consumer electronics, businesses, housing, and automotive and now it has also started to focus on AI and renewable energy. Panasonic recorded an annual revenue of $56.04 billion in the year 2024.
Published by Shubham Desale
| Stats ID: | 8182 |
| Format: | Databook |
| Published: | April 2025 |
| Delivery: | Immediate |
| Stats ID: | 8182 |
| Format: | Databook |
| Published: | April 2025 |
| Delivery: | Immediate |
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