Preloader
Global Substation Battery Market Size, Trends, and Growth Opportunity, By Type (Nickel Cadmium Battery, Lead Acid Battery, Sealed Lead Acid Battery, Vented Lead Acid Battery, and Others), By Application (Residential and Commercial, Industrial, Utilities, and Others), By Region and Forecast to 2030.


Report ID : IR1002390 | Industries : Energy & Power | Published On :June 2024 | Page Count : 212

  • Request Sample      Ask for Customization     Inquire Before Buying     Speak to Analyst



  • Global Substation Battery Market Size, Trends, and Growth Opportunity, By Type (Nickel Cadmium Battery, Lead Acid Battery, Sealed Lead Acid Battery, Vented Lead Acid Battery, and Others), By Application (Residential and Commercial, Industrial, Utilities, and Others), By Region and Forecast to 2030.
    Global Substation Battery Market
    The Global Substation Battery Market was valued at USD 86 billion in 2022 and is expected to reach USD 105 billion by 2030, at a CAGR 2.08% during the forecast period 2023- 2030.
    A particular kind of energy storage power plant uses a collection of batteries to store electrical energy. The most responsive power source on grids, battery storage helps to keep grids stable. Battery storage power plants are typically built to operate between one and several hours at full-rated power. As of 2019, pumped storage power plants, are the most prevalent type of grid energy storage, with a maximum power that is an order of magnitude more than battery storage power plants. The greatest battery power plants have storage capacities that are roughly two orders of magnitude lower than those of pumped hydro facilities.
    Market Drivers
    Cost and energy-saving measures will promote market expansion during the forecast period. Throughout the projection period, market growth will be aided by substation batteries' low cost. Another advantageous feature of this technology is the energy efficiency of substation batteries. Together, these two are promoting market expansion.
    Market Restraints
    The presence of alternatives and fierce competition will restrain the market expansion in the coming years. The availability of reasonably priced battery storage options including lead-acid and lithium-ion batteries could constrain the market. There are numerous rivals for substation batteries, which can prevent market expansion.
    COVID 19 Impact
    The COVID-19 outbreak has had an impact on the global economy and impacted business operations in several sectors, including the power sector. According to the Independent Commodity Intelligence Services, given that numerous nations, like Germany and the UK, have implemented several safety measures to ensure the continuation of operations, the availability of nuclear power in the EU is likely to remain consistent. This will be beneficial for induction motors in the EU that generate and distribute electricity to buildings like pumping stations, farmyards, or remote homes. The financial stability of the electricity distribution firms has been impacted by the lockdown orders, notwithstanding their government-issued announcement.
    Market Segmentation
    The Global Substation Battery Market is segmented into Type and Application.
    Based on Type, the market is classified into Nickel Cadmium Battery, Lead Acid Battery, Sealed Lead Acid Battery, Vented Lead Acid Battery, and Others.
    Based on Application, the market is divided into Residential and Commercial, Industrial, Utilities, and Others.
    Regional Analysis
    The Global Substation Battery Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
    North America will lead the market for substation batteries. The growth of developed industries, the expansion of key industry players in Canada and the US, the deployment of batteries in large-scale businesses to prevent power failure, and the expanding demand for uninterrupted power supply are all factors that are contributing to the global substation batteries market in the region.
    Over the coming years, the market for substation batteries will increase favorably in the APAC region. Growing commercialization, which requires an uninterrupted power supply to increase productivity, as well as developing economies in China and India are all contributing to the expansion of the worldwide substation batteries market in the area.
    Key Players
    Various key players are discussed in the Global Substation Battery Market Report including: Exide Technologies, GS Yuasa International Ltd., Saft, Robert Bosch GmbH, Johnson Controls Inc., GS Yuasa, Robert Bosch GmbH, and Saft Groupe S.A.
    Market Taxonomy
    By Type 
    • Nickel Cadmium Battery
    • Lead Acid Battery
    • Sealed Lead Acid Battery
    • Vented Lead Acid Battery
    • Others
    By Application
    • Residential and Commercial
    • Industrial
    • Utilities
    • Others
    By Region
    • North America    
    • Latin America    
    • Europe     
    • Asia Pacific  
    • Middle East & Africa


     

    Global Substation Battery Market 
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Substation Battery Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn 
    4.2.6 Post covid-19 world Supply & Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Substation Battery Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type
    5.2 Global Substation Battery Market Share Analysis, By Type
    5.3 Global Substation Battery Market Size and Forecast, By Type
    5.3.1 Nickel Cadmium Battery
    5.3.2 Lead Acid Battery
    5.3.3 Sealed Lead Acid Battery
    5.3.4 Vented Lead Acid Battery
    5.3.5 Others
    6 Global Substation Battery Market, By Application
    6.1 Y-o-Y Growth Comparison, By Application
    6.2 Global Substation Battery Market Share Analysis, By Application
    6.3 Global Substation Battery Market Size and Forecast, By Application
    6.3.1 Residential and Commercial
    6.3.2 Industrial
    6.3.3 Utilities
    6.3.4 Others
    7 Global Substation Battery Market, By Region
    7.1 Global Substation Battery Market Share Analysis, By Region
    7.2 Global Substation Battery Market Size and Forecast, By Region
    8 North America Substation Battery Market Analysis and Forecast (2023-2030)
    8.1 Introduction
    8.2 North America Substation Battery Market Share Analysis, By Type
    8.3 North America Substation Battery Market Size and Forecast, By Application
    8.4 North America Substation Battery Market Size and Forecast, By Country
    8.4.1 U.S.
    8.4.2 Canada
    8.4.3 Mexico
    9 Europe Substation Battery Market Analysis and Forecast (2023-2030)
    9.1 Introduction
    9.2 Europe Substation Battery Market Share Analysis, By Type 
    9.3 Europe Substation Battery Market Size and Forecast, By Application
    9.4 Europe Substation Battery Market Size and Forecast, By Country
    9.4.1 Germany
    9.4.2 France
    9.4.3 UK
    9.4.4 Rest of Europe
    10 Asia Pacific Substation Battery Market Analysis and Forecast (2023-2030)
    10.1 Introduction
    10.2 Asia Pacific Substation Battery Market Share Analysis, By Type   
    10.3 Asia Pacific Substation Battery Market Size and Forecast, By Application
    10.4 Asia Pacific Substation Battery Market Size and Forecast, By Country
    10.4.1 China 
    10.4.2 Japan
    10.4.3 India
    10.4.4 Rest of Asia Pacific
    11 Latin America Substation Battery Market Analysis and Forecast (2023-2030)
    11.1 Introduction
    11.2 Latin America Substation Battery Market Share Analysis, By Type  
    11.3 Latin America Substation Battery Market Size and Forecast, By Application
    11.4 Latin America Substation Battery Market Size and Forecast, Country
    11.4.1 Brazil
    11.4.2 Rest of Latin America
    12 Middle East Substation Battery Market Analysis and Forecast (2023-2030)
    12.1 Introduction
     12.2 Middle East Substation Battery Market Share Analysis, By Type  
    12.3 Middle East Substation Battery Market Size and Forecast, By Application
    12.4 Middle East Substation Battery Market Size and Forecast, By Country
    12.4.1 Saudi Arabia
    12.4.2 UAE
    12.4.3 Egypt
    15.4.4 Kuwait
    12.4.5 South Africa
    13 Competitive Analysis
    13.1 Competition Dashboard
    13.2 Market share Analysis of Top Vendors
    13.3 Key Development Strategies
    14Company Profiles
    14.1 Exide Technologies
    14.1.1 Overview
    14.1.2 Offerings
    14.1.3 Key Financials
    14.1.4 Business Segment & Geographic Overview
    14.1.5 Key Market Developments
    14.1.6 Key Strategies
    14.2 GS Yuasa International Ltd.
    14.2.1 Overview
    14.2.2 Offerings
    14.2.3 Key Financials
    14.2.4 Business Segment & Geographic Overview
    14.2.5 Key Market Developments
    14.2.6 Key Strategies
    14.3 Saft
    14.3.1 Overview
    14.3.2 Offerings
    14.3.3 Key Financials
    14.3.4 Business Segment & Geographic Overview
    14.3.5 Key Market Developments
    14.3.6 Key Strategies
    14.4 Robert Bosch GmbH
    14.4.1 Overview
    14.4.2 Offerings
    14.4.3 Key Financials
    14.4.4 Business Segment & Geographic Overview
    14.4.5 Key Market Developments
    14.4.6 Key Strategies
    14.5 Johnson Controls Inc.
    14.5.1 Overview
    14.5.2 Offerings
    14.5.3 Key Financials
    14.5.4 Business Segment & Geographic Overview
    14.5.5 Key Market Developments
    14.5.6 Key Strategies
    14.6 GS Yuasa
    14.6.1 Overview
    14.6.2 Offerings
    14.6.3 Key Financials
    14.6.4 Business Segment & Geographic Overview
    14.6.5 Key Market Developments
    14.6.6 Key Strategies
    14.7 Robert Bosch GmbH
    14.7.1 Overview
    14.7.2 Offerings
    14.7.3 Key Financials
    14.7.4 Business Segment & Geographic Overview
    14.7.5 Key Market Developments
    14.7.6 Key Strategies 
    14.8 Saft Groupe S.A
    14.8.1 Overview
    14.8.2 Offerings
    14.8.3 Key Financials
    14.8.4 Business Segment & Geographic Overview
    14.8.5 Key Market Developments
    14.8.6 Key Strategies