Global Grid-Scale Battery Market is expected to reach over USD 10 Billion by 2027 at a CAGR of over 35% during 2020-27 due to the rising demand for clean energy. Grid-Scale battery refers to storing the electricity produced by wind or solar panels on a large scale. The electricity is stored in a battery and it is used for later purposes. The grid-scale battery is more reliable and flexible. With rising urbanization and industrialization, the need for electricity is increasing rapidly. To meet this rising demand, major energy developers are creating innovative solutions. The grid-scale battery helps energy companies to maintain a consistent flow of power to consumers. It improves power quality management, Peak-load management, and pave way for ancillary market services. Moreover, it helps in shifting load during peak time. Technologies like Peak shifting help the organization to reduce its overall energy consumption by leveling their peaks and thereby reduce their utility bills.
Increasing demand for alternate energy and low battery cost are the driving factors for the global grid-scale battery market. Moreover, setting up grid-scale battery storage is easy and can be built within a few months compared to the conventional storage methods which are complex and requires different techniques for different geographical location. Grid-scale batteries are a promising solution for a sustainable energy future as it has zero emissions and requires no water or fuel infrastructure.
Additional capital costs and environmental impacts are the major restraints of the Grid-scale battery market. However, government regulations and subsidies are expected to create growth opportunities for grid-scale battery market in the coming years.
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Market Segmentation
Global Grid-Scale Battery market can be segmented based on Type, Application, Ownership, and Region.
By Type, Global Grid-Scale Battery market can be classified into Lead Acid, Lithium-Ion, Sodium based, Flow Battery and Others. Lithium-Ion batteries are expected to grow highest in the forecasted period of 2020-27 due to their long life expectancy and higher energy storage capacity. Lithium batteries are lightweight and are more efficient than other batteries.
By Application, Global Grid-Scale Battery market can be classified into Renewable Integration, Backup power, Peak Shift, Ancillary Services and Others. Renewable integration market is holding the largest share and it is expected to lead during the forecasted period of 2020-27. The need for clean energy has created a demand for renewable energy integration market. The grid-scale market for grid-scale is expected to grow highest in the forecasted period of 2020-27.
By Ownership, Global Grid-Scale Battery market can be classified into Third-party and Utility. The third-party model is dominating the world market. Countries in North America and Europe are increasingly operating third party models. The governments encourage third party models through schemes.
By Region, the Global Grid-Scale Battery market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

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Regional analysis
North American Grid-scale battery market is having the largest market share. Due to the large scale projects of Grid-scale battery in the US, it is expected to dominate the region over the coming years. Rising demand for renewable energy and consumer acceptance of alternate energy has propelled the grid-scale battery market in the US.
The European Grid-scale battery market is driven by strict environmental regulations. With the advancement in technology, the Grid-scale battery market is continuously evolving with innovation.
Asia-Pacific Grid-Scale energy market is expected to witness significant growth in the forecasted period of 2020-27. It is due to the increasing number of renewable energy projects are being undertaken in countries like China, India, South Korea to expand their renewable energy supply.
Competitor analysis
The major key players in the Global energy grid-scale market are BYD Company, Saft, LG Chem, Panasonic, Fluence, Tesla, Samsung, ABB, GS Yuasa, Toshiba, S&C Electric, GE and NGK Insulators.
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