Sellbyville, DE -- (SBWIRE) -- 10/15/2018 -- Stationary battery storage market in China is projected to exceed over USD 2 billion by 2030. Government aided funds and national renewable targets toward the development of clean energy network across the country will fuel the industry outlook. The CNEA in 2017, proposed a funding of USD 326.4 billion for expansion of renewable electrical network by 2020.

Investments toward refurbishment of ageing electrical infrastructure along with ongoing adoption of advanced grid support systems will foster the North America stationary battery storage marke t. Rising concerns toward security of supply with increasing spending toward sustainable electric network will stimulate the industry growth. Exponential increase in the power consumption along with growing demand for continuous and reliable electricity will further complement the business growth. In 2017, China proposed an investment of around USD 800 billion across the U.S. energy infrastructure sector.

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Global Stationary Battery Storage Market is set to surpass USD 35 billion by 2030. Ongoing expansion of microgrid network along with increasing investments across sustainable energy will embellish stationary battery storage market share. Advancement in distribution generation technologies along with growing demand for sustainable energy mix will further propel the business landscape. The IFC in 2017, declared a funding of USD 103 million toward amalgamation of solar green bonds in India. The corporation further affirmed the investments of USD 1.2 billion toward deployment of renewable energy technology in the nation.

Investments toward refurbishment of ageing electrical infrastructure along with ongoing adoption of advanced grid support systems will foster the North America stationary battery storage market. Rising concerns toward security of supply with increasing spending toward sustainable electric network will stimulate the industry growth. Exponential increase in the power consumption along with growing demand for continuous and reliable electricity will further complement the business growth. In 2017, China proposed an investment of around USD 800 billion across the U.S. energy infrastructure sector.

Increasing investments toward research and development of energy efficient systems coupled with increasing deployment of improved storage units with high power density will fuel stationary battery storage market. Comparative efficiency, battery cost, weight, discharge rates, cycle life and voltage are key parameters that will positively influence the business outlook. The MDPI in 2017, denoted the comparative gravimetric energy density of lithium ion batteries to be 110 – 160 Wh/Kg as compared to lead acid and NiCd.

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Flow battery in 2017, accounted for over 3.5% of the stationary battery storage market. Rapid technological advancement toward the development of efficient and cost-effective storage solutions along with growing investments toward integration of renewable grid network will foster the business growth. Longer shelf life and higher product efficiency are some of the key features which will makes it adoption preferable when compared with available alternatives.
Notable players across stationary battery storage market includes Samsung SDI, Exide Technologies, A123 systems, Johnson Controls, Durapower, Toshiba, GS Yuasa, Tesla, BYD co, Hitachi Chemical, Duracell, Hitachi Chemical, Valence Technology, Uniper, LG Chem, ACDelco, Hitachi Maxell, Panasonic and Roofer Technology.

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