Global Industry Analysts Predicts the World Grid-Scale Battery Market to Reach $9.1 Billion by 2026

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SAN FRANCISCO, Oct. 12, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Grid-Scale Battery – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

World Grid-Scale Battery Market


Edition: 6; Released: April 2021

Executive Pool: 773

Companies: 48 – Players covered include ABB Group; BYD Co., Ltd.; Fluence Energy, LLC; General Electric Company; GS Yuasa Corporation; LG Chem; NGK Insulators Ltd.; Panasonic Corporation; Saft Groupe SA; Samsung SDI Co., Ltd; Tesla Motors, Inc.; Toshiba Corporation and Others.

Coverage: All major geographies and key segments

Segments: Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power, Other Applications); Type (Lithium-Ion, Lead Acid, Flow, Sodium-Based, Other Types)

Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry


Global Grid-Scale Battery Market to Reach $9.1 Billion by 2026

Amid the COVID-19 crisis, the global market for Grid-Scale Battery estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$9.1 Billion by 2026, growing at a CAGR of 31% over the analysis period. Lithium-Ion, one of the segments analyzed in the report, is projected to record a 34.3% CAGR and reach US$6.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lead Acid segment is readjusted to a revised 31.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $729.9 Million in 2021, While China is Forecast to Reach $1.6 Billion by 2026

The Grid-Scale Battery market in the U.S. is estimated at US$729.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 29.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.3% and 26.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.4% CAGR.

Flow Segment to Reach US$725.6 Million by the year 2026

In the global Flow segment, USA, Canada, Japan, China and Europe will drive the 24.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$155 Million in the year 2020 will reach a projected size of US$708.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™

Global Industry Analysts, Inc., ( is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.


Zak Ali

Director, Corporate Communications

Global Industry Analysts, Inc.

Phone: 1-408-528-9966

Email: [email protected]


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SOURCE Global Industry Analysts, Inc.

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