PUBLISHER: Value Market Research | PRODUCT CODE: 1342877
PUBLISHER: Value Market Research | PRODUCT CODE: 1342877
Lithium-Ion Stationary Battery Storage is a key component of the energy storage architecture. An unbalanced grid has been produced due to the surge in renewable energy installations across the globe. Energy storage solutions are now in demand to balance the grid during periods of shortage and to feed back into it during periods of strong demand. They help fulfil energy storage requirements for utilities, residential, and commercial customers.
The focus has shifted to zero carbon emissions and the need to move away from fossil fuels, namely coal, for power production. This has prompted many governments to incentivize solar and wind power installations. These installations lend themselves to lithium-ion stationary battery storage that store excess power generated. Harsh weather conditions further strain existing transmission and distribution infrastructure. Hence, leading to extended blackouts and increased demand for energy storage solutions to reduce grid dependence. However, diesel gen-sets and lead-acid batteries pose major competition to the development of stationary Li-ion battery systems.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of lithium-ion stationary battery storage. The growth and trends of lithium-ion stationary battery storage industry provide a holistic approach to this study.
This section of the lithium-ion stationary battery storage market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.