
Study Period | 2020 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Historical Data Period | 2020 - 2023 |
CAGR | 15.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Grid Scale Battery Market Analysis
The Grid Scale Battery Market is expected to register a CAGR of greater than 15% during the forecast period.
- The technological advancement, which has led to a sharp increase in the energy density of the lithium-ion battery market even while decreasing the overall cost of lithium-ion batteries, has enabled the increase in the grid-scale battery deployment. Owing to the aforementioned factors, the lithium-ion battery segment is expected to witness the fastest growth rate during the forecast period.
- The increasing focus on rural electrification using the grid-scale battery deployment is expected to create a significant amount of opportunity for the growth of the market during the forecast period.
- Asia-Pacific is the fastest-growing market owing to the rapid rate of industrialization and urbanization, which has led to an increase in demand for electricity.
Grid Scale Battery Market Trends
Increasing Demand for Lithium-ion Battery
- The renewable energy sources like wind and solar energy are heavily reliant on the prevailing weather conditions which has been responsible for holding back the growth of renewable deployment. Therefore, the renewable integration with the energy storage system can easily help in the removal of the shortcoming and can provide uninterrupted power supply. With lithium-ion batteries providing a viable option, the demand for these batteries is expected to grow at a significant rate over the forecast period.
- Furthermore, due to technological innovations and improved manufacturing capacity, lithium-ion battery chemistry has experienced a steep price decline of over 80% from 2011-2018, and prices are projected to decline further. The lithium-ion battery is expected to dominate the market, and is expected to grow during the forecast period, due to its high energy density, fast recharge capability, and high discharge power.
- Furthermore, the recycling of Li-ion batteries is expected to secure the supply of raw materials, such as cobalt and lithium, and reduce the dependence on extracting and refining materials from mineral resources. Recycling of lithium-ion battery that is currently being used in EVs offers an opportunity for companies to utilize the refined constituent materials, for manufacturing lithium-ion batteries that are to be used for Energy Storage Systems (ESS).

Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to continue its dominance in the grid-scale market over the forecast period. The region consists of countries with tremendously increasing electricity demand due to urbanization and population growth.
- The expanding grid in developing countries to meet the electricity demand is likely to include large amounts of renewable energy, which is becoming increasingly cost-effective throughout the world. The deployment of renewable is likely to bestow the opportunity for the increase in demand for grid-scale batteries during the forecast period.
- Furthermore, developing countries like India are aiming to create 275 GW of total wind and solar capacity by 2027. Renewable energy's share of installed capacity is forecast to rise to 43% by 2027. With the growing renewable sector, the demand for grid-scale batteries, to address the challenges related to intermittency in renewable power generation, is expected to grow.
- Favorable policies, such as the energy efficiency standards and increasing peak demand charges, is expected to drive the demand for grid-scale batteries in the region.

Grid Scale Battery Industry Overview
The grid scale battery market is moderately fragmented. Some of the key companies in market include Panasonic Corporation, LG Chem Ltd., Contemporary Amperex Technology Co Ltd, Samsung SDI Co. Ltd., and BYD Co Ltd..
Grid Scale Battery Market Leaders
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Panasonic Corporation
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LG Chem Ltd
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Contemporary Amperex Technology Co Ltd
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Samsung SDI Co. Ltd
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BYD Co. Ltd
- *Disclaimer: Major Players sorted in no particular order

Grid Scale Battery Industry Segmentation
The grid scale battery market report include:
Battery Type | Lead-Acid Battery |
Lithium-ion Battery | |
Others | |
Application | Frequency Regulation |
Bill Management | |
Load Shifting | |
Others (Renewable Integration, Transmission and Distribution Services, Black Start, etc.) | |
Geography | North America |
Europe | |
Asia-Pacific | |
South America | |
Middle-East and Africa |
Grid Scale Battery Market Research FAQs
What is the current Grid Scale Battery Market size?
The Grid Scale Battery Market is projected to register a CAGR of greater than 15% during the forecast period (2025-2030)
Who are the key players in Grid Scale Battery Market?
Panasonic Corporation, LG Chem Ltd, Contemporary Amperex Technology Co Ltd, Samsung SDI Co. Ltd and BYD Co. Ltd are the major companies operating in the Grid Scale Battery Market.
Which is the fastest growing region in Grid Scale Battery Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Grid Scale Battery Market?
In 2025, the Asia Pacific accounts for the largest market share in Grid Scale Battery Market.
What years does this Grid Scale Battery Market cover?
The report covers the Grid Scale Battery Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Grid Scale Battery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Grid Scale Battery Industry Report
The global grid-scale battery market is witnessing significant growth, propelled by the increasing integration of renewable energy sources and the demand for efficient energy storage solutions. Segmented by type, ownership-model, application, and region, the market features lithium-ion, lead acid, flow, and sodium-based batteries. Ownership models span third-party and utility-owned systems, serving applications like renewable integration, peak shift, ancillary services, and back-up power. This expansion is driven by technological advancements, cost reductions, and rising investments in renewable energy. Key regions include North America, Europe, and Asia-Pacific, with Asia-Pacific poised for rapid growth due to industrialization and urbanization. Market drivers encompass the need for renewable energy integration, enhanced grid stability, and the adoption of molten salt batteries. The market's moderate fragmentation highlights a focus on innovation and strategic partnerships to fulfill the increasing demand for efficient and reliable energy storage solutions. Statistics from Mordor Intelligence™ Industry Reports reveal insights into market share, size, revenue growth rate, and a forecast outlook, offering a comprehensive historical overview. For detailed industry analysis, a free report PDF download is available, providing a sample of this in-depth market analysis.