Asia Pacific (APAC) Grid-Scale Energy Storage Market (2019-2025) | Share, Companies, Value, Revenue, Outlook, Growth, Forecast, Size, Industry, Trends & Analysis

Growing technological advancements to improve the reliability and stability of the electricity grid coupled with a surge in demand for electricity are the key drivers of the grid-scale energy storage market. Moreover, increasing government initiatives to promote renewable energy such as tax reductions along with growing government investment in setting up of energy storage capacity would further propel the demand for grid energy storage market in the Asia Pacific region.

According to 6Wresearch, Asia Pacific (APAC) Grid-Scale Energy Storage Market size is anticipated to register growth during 2019-25. China is the leading market for grid-scale energy storage in the APAC region owing to the growing government and private sector investment for the installation of energy storage systems in the distribution and transmission grids. The acceleration in projects for the installation of grid energy storage has led to a 25% increased installed base in the country over the last ten years. However, the Indian market is expected to register exponential growth over the forecast period on the back of a surge in projects for the installation of a grid-scale energy storage system in the country. In Feb 2019, India has witnessed the installation of its first grid-scale battery-based energy storage system in Delhi with a storage capacity of 10 MW.

Battery energy storage system has acquired a major share of market demand in the APAC region owing to the low-cost ease of usage of the battery-based storage systems. Microgrids are the key application segment of the grid-scale energy storage system in the APAC region.

The Asia Pacific Grid-Scale Energy Storage market report thoroughly covers the market by storage technology, applications, and countries including India, China, Japan, Australia, Indonesia, Malaysia, Thailand, and the rest of the APAC region. The Asia Pacific grid-scale energy storage market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific Grid-Scale Energy Storage market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

 

The Asia Pacific grid-scale energy storage market is estimated to witness growth in the coming timeframe on the back of the potential growth of various sectors such as electric vehicle charging and renewable energy integration. Additionally, on the basis of product type, Battery storage was first invented by India as a flexible energy storage system that enhanced demand for battery vehicles coupled with an easy charging trait which is leading to a rise in the adoption of energy storage systems in the market. Further, rising in the need of the residential sector for the domestic purpose in performing varied essential activities such as studying, using cooler equipment which is expected to propel the demand for grid energy storage systems and would foster the exponential growth of the Asia Pacific grid-scale energy storage market during the forecast period. 

 Key Highlights of the Report:

• Asia Pacific Grid-Scale Energy Storage Market Overview
• Asia Pacific Grid-Scale Energy Storage Market Outlook
• Asia Pacific Grid-Scale Energy Storage Market Forecast
• Historical Data of Asia Pacific Grid-Scale Energy Storage Market Revenues for the Period 2015-2018
• Asia Pacific Grid-Scale Energy Storage Market Size and Asia Pacific Grid-Scale Energy Storage Market Forecast of Revenues, Until 2025
• Historical Data of Asia Pacific Grid-Scale Energy Storage Market Revenues, by Storage Technology, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Grid-Scale Energy Storage Market Revenues, by Storage Technology, Until 2025
• Historical Data of Asia Pacific Grid-Scale Energy Storage Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Grid-Scale Energy Storage Market Revenues, By Applications, Until 2025
• Historical Data of India Grid-Scale Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of India Grid-Scale Energy Storage Market Revenues, Until 2025
• Historical Data of China Grid-Scale Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of China Grid-Scale Energy Storage Market Revenues, Until 2025
• Historical Data of Japan Grid-Scale Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Japan Grid-Scale Energy Storage Market Revenues, Until 2025
• Historical Data of Australia Grid-Scale Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Australia Grid-Scale Energy Storage Market Revenues, Until 2025
• Historical Data of Indonesia Grid-Scale Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Indonesia Grid-Scale Energy Storage Market Revenues, Until 2025
• Historical Data of Thailand Grid-Scale Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Thailand Grid-Scale Energy Storage Market Revenues, Until 2025
• Historical Data of Malaysia Grid-Scale Energy Storage Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Malaysia Grid-Scale Energy Storage Market Revenues, Until 2025
• Market Drivers and Restraints
• Asia Pacific Grid-Scale Energy Storage Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Grid-Scale Energy Storage Market Share, By Players
• Asia Pacific Grid-Scale Energy Storage Market Share, By Regions
• Asia Pacific Grid-Scale Energy Storage Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global Grid-Scale Energy Storage Market report provides a detailed analysis of the following market segments:

• By Storage Technology:
  • Battery Storage
  • Flywheel Energy Storage
  • Pumped Hydroelectric Power storage
  • Thermal Energy Storage
  • Compressed Air Storage
• By Applications: 
  
  • EV Charging
  • UPS
  • Renewable energy Integration
  • Microgrids
  • Other Application
• By Countries: 
  
  • India
  • China
  • Japan
  • Australia
  • Indonesia
  • Thailand
  • Malaysia
  • Rest of Asia Pacific

Other Key Reports Available:

• India Grid-Scale Energy Storage Market Report
• China America Grid-Scale Energy Storage Market Report
• Japan Grid-Scale Energy Storage Market Report
• Australia Grid-Scale Energy Storage Market Report
• Indonesia Grid-Scale Energy Storage Market Report
• Thailand Grid-Scale Energy Storage Market Report
• Malaysia Grid-Scale Energy Storage Market Report

Frequently Asked Questions About the Market Study (FAQs):