Market Forecast By Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), By Ownership-Model (Third-Party, Utility), By Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power) And Competitive Landscape
Product Code: ETC4521642 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The emergence of Qatar Grid Scale Battery market commenced with the inauguration of its initial grid-scale battery project in 2020, boasting a capacity of 1MW / 4MWh. Kahramaa, which played a pivotal role in introducing this technology, envisions its potential scalability for high-load substations within the country's electrical grid. Although there is progress, the pace of anticipated grid-scale battery installations remains relatively slow, demanding more concerted efforts. In 2022 and 2023, microgrids were implemented in Doha and at QEERI's desert farm, providing a modest boost to the market. Presently, extensive testing is underway to assess the efficacy of grid-scale batteries in withstanding Qatar's hot climate and to determine their suitability for integration into large-scale renewable energy projects.
According to 6Wresearch, the Qatar Grid-Scale Battery Market revenue size is projected to grow at a CAGR of 182.8% during 2023–2029. This growth is primarily attributed to growing renewable energy projects such as 800MW Al Kharsaah solar PV project near Qatar's capital, Doha, and the inauguration of Qatar's first major solar energy facility, Al Kharsaah, comprising over 1.8 million solar panels with an estimated annual electricity generation capacity of approximately 2 terawatt-hours (TWh) which would require battery energy storage solutions to stabilize the grid during peak demand while ensuring backup power availability in the event of blackouts. Qatar is also exploring waste-to-energy solutions to diversify its energy portfolio which would further propel the adoption of grid-scale batteries across the region. These factors have been contributing to Qatar Grid-Scale Battery Market Growth.
In 2022, Lithium-Ion batteries occupied the largest revenue share due to advancements in technology and increased manufacturing capabilities which resulted in a reduction in their prices. Additionally, their high energy density has made them the preferred option for grid-scale batteries. Lithium-ion batteries are dominating the Grid-Scale Battery Market in Qatar.
Utility companies in Qatar are poised to dominate the market as battery storage for renewable energy gains traction, optimizing peak-hour electricity distribution and pricing regulation. Their expertise in grid management and favourable regulations position them as key players, driving their expansion in grid-scale battery deployment.
While peak shift is anticipated to gain more prominence in the future, in 2022, Microgrid will claim the highest revenue share. This was primarily due to Siemens' installation of a microgrid at Qatar Solar Energy's Doha factory and the need to replace small diesel generators powering rural communities.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Qatar Grid-Scale Battery Market Overview |
3.1. Qatar Grid-Scale Battery Market Revenues, 2023-2030F |
3.2. Qatar Grid-Scale Battery Market – Industry Life Cycle |
3.3. Qatar Grid-Scale Battery Market – Porter’s Five Forces |
4. Qatar Grid-Scale Battery Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Qatar Grid-Scale Battery Market Trends & Evolution |
6. Qatar Grid-Scale Battery Market, By Type |
6.1. Qatar Grid-Scale Battery Market Revenues and Revenue Share, by Type, 2023-2030F |
6.1.1 Qatar Grid-Scale Battery Market Revenues, by Lithium Ion, 2023-2030F |
6.1.2 Qatar Grid-Scale Battery Market Revenues, by Flow Battery, 2023-2030F |
6.1.3 Qatar Grid-Scale Battery Market Revenues, by Sodium Based, 2023-2030F |
7. Qatar Grid-Scale Battery Market, By Ownership Model |
7.1. Qatar Grid-Scale Battery Market Revenues and Revenue Share, by Ownership Model, 2023-2030F |
7.1.1 Qatar Grid-Scale Battery Market Revenues, by Utility, 2023-2030F |
7.1.2 Qatar Grid-Scale Battery Market Revenues, by Third Party, 2023-2030F |
8. Qatar Grid-Scale Battery Market, By Application |
8.1. Qatar Grid-Scale Battery Market Revenues and Revenue Share, by Application, 2023-2030F |
8.1.1 Qatar Grid-Scale Battery Market Revenues, by Renewable Integration, 2023-2030F |
8.1.2 Qatar Grid-Scale Battery Market Revenues, by Peak Shift, 2023-2030F |
8.1.3 Qatar Grid-Scale Battery Market Revenues, by Microgrid, 2023-2030F |
8.1.4 Qatar Grid-Scale Battery Market Revenues, by Ancillary Services, 2023-2030F |
8.1.5 Qatar Grid-Scale Battery Market Revenues, by Back-Up Power, 2023-2030F |
9. Qatar Grid-Scale Battery Market Key Performance Indicators |
10. Qatar Grid-Scale Battery Market Opportunity Assessment |
10.1. Qatar Grid-Scale Battery Market Opportunity Assessment, By Type, 2030F |
10.2. Qatar Grid-Scale Battery Market Opportunity Assessment, By Ownership Model, 2030F |
10.3. Qatar Grid-Scale Battery Market Opportunity Assessment, By Application, 2030F |
11. Qatar Grid-Scale Battery Market Competitive Landscape |
11.1. Qatar Grid-Scale Battery Market Competitive Landscape, By Company |
11.2. Qatar Grid-Scale Battery Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
12.1 Tesla Inc. |
12.2 Siemens Energy AG |
12.3 Hitachi Energy LLC |
12.4 Kahramaa |
12.5 BYD Company Limited |
13. Key Strategic Recommendations |
14. Disclaimer |
List of Figures |
1. Qatar Grid-Scale Battery Market Revenues, 2020-2030F, ($ Thousand) |
2. Qatar Electricity Generation 2018-2023 (TWh) |
3. Qatar Solar Energy Projects 2023 |
4. Qatar Average Temperature 2023 (°F) |
5. Qatar Grid-Scale Battery Market Revenue Share, By Type, 2020 & 2030F |
6. Qatar Grid-Scale Battery Market Revenue Share, By Ownership Model, 2020 & 2030F |
7. Qatar Grid-Scale Battery Market Revenue Share, By Application, 2020 & 2030F |
8. Qatar LNG Production Capacity 2023-2027F (MTPA) |
9. Total GHG Emissions from Energy Sector in Qatar 2023 (MTCO2) |
10. Renewable Energy Consumption by Sector (2015 & 2020) (TJ) |
11. Qatar Grid-Scale Battery Market Opportunity Assessment, By Type, 2030F |
12. Qatar Grid-Scale Battery Market Opportunity Assessment, By Ownership Model, 2030F |
13. Qatar Grid-Scale Battery Market Opportunity Assessment, By Application, 2030F |
14. Qatar Net capacity change (GW) 2017-2023 |
15. Qatar Total Energy Supply in 2023 |
List of Tables |
1. Qatar Grid-Scale Battery Market Revenues, By Type, 2020-2030F ($ Thousand) |
2. Qatar Grid-Scale Battery Market Revenues, By Ownership Model, 2020-2030F ($ Thousand) |
3. Qatar Grid-Scale Battery Market Revenues, By Application, 2020-2030F ($ Thousand) |
4. Qatar Energy Generation in 2023 (GWh) |