Global Stationary Li-ion and Lead Acid Battery Growth Opportunities

Global Stationary Li-ion and Lead Acid Battery Growth Opportunities

Efficient Battery Storage Solutions Accelerating Transition to Renewable Energy Sources

RELEASE DATE
10-Nov-2023
REGION
Global
Research Code: PEA2-01-00-00-00
SKU: EG_2023_293
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Description

Public and private sector investment in renewable energy, mainly solar PV and wind, is increasing in response to the need to reduce carbon emissions and dependency on fossil fuels. However, the intermittent nature of renewables requires investment in complementary grid support solutions. Battery energy storage solutions provide stability for the grid and unlock new revenue opportunities for stakeholders. Lithium-ion batteries dominate this segment. The wider global demand for batteries from the automotive space has lowered average lithium system costs and encouraged investment in new manufacturing facilities. Beyond battery energy storage, the situation is very different. Lead acid batteries are well established in many end-user segments and provide an effective solution for companies. Telecoms, utility equipment, industrial, and data centers are among the segments dominated by lead acid. This picture will slowly change as lithium grows; however, lead acid will dominate many of these segments by the 2030s.

Author: Manoj Shankar

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

Impact of the Top 3 Strategic Imperatives on the Stationary Lithium-ion (Li-ion) Battery and Lead Acid Battery (LAB) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Scope of Analysis

Geographical Scope

Definitions

Key Competitors—Lithium Ion

Key Competitors—Lead Acid

Growth Metrics

Distribution Channels

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast by End User—Total

Revenue Forecast by End User—Lithium Ion

Revenue Forecast by End User—Lead Acid

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Revenue Forecast Analysis by Region (continued)

Revenue Forecast Analysis by Region (continued)

Revenue Forecast Analysis by Region (continued)

Revenue Forecast Analysis by Region (continued)

Revenue Forecast Analysis by Region (continued)

Competitive Environment

Revenue Share of Top Participants—Li-ion Batteries

Revenue Share Analysis—Li-ion

Competitive Environment

Revenue Share of Top Participants—LABs

Revenue Share Analysis—LABs

Telecom

Revenue Forecast by Region—Telecom

Data Center

Revenue Forecast by Region—Data Center

Industrial

Revenue Forecast by Region—Industrial

Utility Equipment

Revenue Forecast by Region—Utility Equipment

Utility BESS

Revenue Forecast by Region—Utility BESS

C&PB BESS

Revenue Forecast by Region—C&PB BESS

C&PB Equipment

Revenue Forecast by Region—C&PB Equipment

Residential BESS

Revenue Forecast by Region—Residential BESS

EV Infrastructure

Revenue Forecast by Region—EV Infrastructure

Oil Gas

Revenue Forecast by Region—O&G

Off-grid Systems

Revenue Forecast by Region—Off-grid Systems

Growth Opportunity 1: Consolidation and Geographic Expansion

Growth Opportunity 1: Consolidation and Geographic Expansion (continued)

Growth Opportunity 2: New Product Development

Growth Opportunity 2: New Product Development (continued)

Growth Opportunity 3: Second-life Batteries for Battery Storage

Growth Opportunity 3: Second-life Batteries for Battery Storage (continued)

Other Competitors

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Public and private sector investment in renewable energy, mainly solar PV and wind, is increasing in response to the need to reduce carbon emissions and dependency on fossil fuels. However, the intermittent nature of renewables requires investment in complementary grid support solutions. Battery energy storage solutions provide stability for the grid and unlock new revenue opportunities for stakeholders. Lithium-ion batteries dominate this segment. The wider global demand for batteries from the automotive space has lowered average lithium system costs and encouraged investment in new manufacturing facilities. Beyond battery energy storage, the situation is very different. Lead acid batteries are well established in many end-user segments and provide an effective solution for companies. Telecoms, utility equipment, industrial, and data centers are among the segments dominated by lead acid. This picture will slowly change as lithium grows; however, lead acid will dominate many of these segments by the 2030s. Author: Manoj Shankar
More Information
Author Manoj Shankar
Industries Energy
No Index No
Is Prebook No
Podcast No
WIP Number PEA2-01-00-00-00