| Product Code: ETC5758905 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cyprus continues to rely on key import partners such as South Korea, Italy, Germany, China, and Greece for grid-scale battery shipments in 2024. The concentration of imports remains high, indicating a competitive market landscape. With a strong compound annual growth rate (CAGR) of 9.09% from 2020 to 2024 and an impressive growth rate of 32.93% from 2023 to 2024, the demand for grid-scale batteries in Cyprus shows significant momentum and potential for further expansion in the coming years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Grid-Scale Battery Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Grid-Scale Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Grid-Scale Battery Market - Industry Life Cycle |
3.4 Cyprus Grid-Scale Battery Market - Porter's Five Forces |
3.5 Cyprus Grid-Scale Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Grid-Scale Battery Market Revenues & Volume Share, By Ownership-Model, 2021 & 2031F |
3.7 Cyprus Grid-Scale Battery Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Grid-Scale Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Cyprus |
4.2.2 Government initiatives and incentives to promote energy storage solutions |
4.2.3 Growing need for grid stability and reliability in the region |
4.3 Market Restraints |
4.3.1 High initial investment costs for grid-scale battery installations |
4.3.2 Lack of standardized regulations and policies for grid-scale battery integration |
4.3.3 Limited technological advancements in grid-scale battery technology in Cyprus |
5 Cyprus Grid-Scale Battery Market Trends |
6 Cyprus Grid-Scale Battery Market Segmentations |
6.1 Cyprus Grid-Scale Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Grid-Scale Battery Market Revenues & Volume, By Lithium-Ion, 2021-2031F |
6.1.3 Cyprus Grid-Scale Battery Market Revenues & Volume, By Lead Acid, 2021-2031F |
6.1.4 Cyprus Grid-Scale Battery Market Revenues & Volume, By Flow Battery, 2021-2031F |
6.1.5 Cyprus Grid-Scale Battery Market Revenues & Volume, By Sodium-Based, 2021-2031F |
6.2 Cyprus Grid-Scale Battery Market, By Ownership-Model |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Grid-Scale Battery Market Revenues & Volume, By Third-Party, 2021-2031F |
6.2.3 Cyprus Grid-Scale Battery Market Revenues & Volume, By Utility, 2021-2031F |
6.3 Cyprus Grid-Scale Battery Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Grid-Scale Battery Market Revenues & Volume, By Renewable Integration, 2021-2031F |
6.3.3 Cyprus Grid-Scale Battery Market Revenues & Volume, By Peak Shift, 2021-2031F |
6.3.4 Cyprus Grid-Scale Battery Market Revenues & Volume, By Ancillary Services, 2021-2031F |
6.3.5 Cyprus Grid-Scale Battery Market Revenues & Volume, By Back-Up Power, 2021-2031F |
7 Cyprus Grid-Scale Battery Market Import-Export Trade Statistics |
7.1 Cyprus Grid-Scale Battery Market Export to Major Countries |
7.2 Cyprus Grid-Scale Battery Market Imports from Major Countries |
8 Cyprus Grid-Scale Battery Market Key Performance Indicators |
8.1 Average cost of grid-scale battery installations in Cyprus |
8.2 Percentage of energy generated from renewable sources in Cyprus |
8.3 Frequency and duration of power outages in the region |
9 Cyprus Grid-Scale Battery Market - Opportunity Assessment |
9.1 Cyprus Grid-Scale Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Grid-Scale Battery Market Opportunity Assessment, By Ownership-Model, 2021 & 2031F |
9.3 Cyprus Grid-Scale Battery Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Grid-Scale Battery Market - Competitive Landscape |
10.1 Cyprus Grid-Scale Battery Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Grid-Scale Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |