Major factors driving the growth of the market include the increasing investments in renewable energy, reducing costs of grid-scale battery owing to technological advancements and expanded deployment.
The market has been segmented on the basis of type, ownership-model, application, and region.
The global grid-scale battery market was valued at USD 0.87 Billion in 2017 and is expected to reach USD 5.82 Billion by 2023, at a CAGR of 33.52% between 2018 and 2023.
The market has been segmented on the basis of type, ownership-model, application, and region.
Grid-Scale Battery Market research report categorizes by Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), by Ownership-Model (Third-Party, Utility), by Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power), and Regio
The grid-scale battery market is expected to grow from USD 1.37 Billion in 2018 to USD 2.01 Billion by 2023, at a CAGR of 33.52% during the forecast period.