The global substation battery market is anticipated to grow at a CAGR during the forecast period (2023-2029). The increasing incidence of power failure in substations is driving the demand for substation batteries which in turn offers robust opportunities for the market over the forecast period. Due to this factor, the key players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in 2018, Italy’s transmission system operator, Terna, deployed a pilot battery storage project of 35 MW on a part of its 150 kilovolts (kV) grid in Southern Italy for grid congestion management. Utility-scale batteries are also used for grid upgrade deferral in California, New York, and Texas. And In 2017, the US utility San Diego Gas & Electric developed a 30 MW / 120 MWh Li-ion battery storage project near one of its substations in Escondido to store excess renewable energy production in the state and also serve as a capacity reserve.
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Market Coverage
- The market number available for – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Composition
- By Manufacturing Process
- By End-User Industry
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Exide Technologies, GS Yuasa International Ltd., Saft, Robert Bosch GmbH, Johnson Controls
Substation Battery Market Segmentation
By Battery Type
- Nickel Cadmium Battery
- Lead Acid Battery
- Sealed Lead Acid Battery
- Vented Lead Acid Battery
- Others
By Application
- Residential and Commercial
- Industrial
- Utilities
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Storage Battery Systems, LLC
- Tesla
- HBL Power Systems Ltd.
- Amara Raja Group.
- EnerSys
- Luminous Power Technologies. Ltd.
- Trojan Battery Company
- SolarEdge Technologies
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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