North America Stationary Battery Storage Market Size 2020 | Industry Research Report 2026
Category: #energy-and-environment  By Ronak Bora  Date: 2021-05-04
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North America Stationary Battery Storage Market Size 2020 | Industry Research Report 2026

The North America stationary battery storage market size provides detailed analysis on this industry including substantial details subject to its overall position in the global landscape and applications across myriad end-user industries. The constant need for reliable and uninterrupted power supply and demand for sustainable power storage solutions are driving the North America stationary battery storage industry trends. The regional government has made active investments in the upgradation of the existing electrical infrastructure over the past few years. Extensive variations in power consumption patterns and concerns regarding the reliability of power supply will certainly fuel investments in renewable grid infrastructure development.

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Stationary battery storage solutions are known to offer numerous benefits including high density, superior efficiency, longer life cycle, high voltage output, reduced weight and low costs. Consequently, the demand for these solutions is expected to rise considerably in the forthcoming years.

Following are some of the major upcoming trends augmenting the North America stationary battery storage market forecast.    

Lithium ion and lead acid batteries to witness a consistent demand

Lead acid batteries will continue to be in demand in the coming years, with ongoing investments towards clean energy projects. Increased power consumption across residential, commercial, and industrial sectors is likely to further boost this demand. Lead acid batteries offer several advantages such as high shelf life, nominal weight, and ideal gravimetric densities.  

On the other hand, the adoption of lithium-ion batteries will be driven by the ongoing projects for the development of new large-scale manufacturing facilities and infrastructure solutions. Li-ion batteries are an advanced power storage technology which offer high performance, an improved life cycle, gravimetric densities, and low cost, making them a preferable option.

Emerging use-cases of flow batteries and sodium sulphur batteries

Flow batteries are witnessing a considerable demand due to their growing application in ongoing renewable power grid applications. These batteries are known to offer high efficiency, improved reliability, and a longer shelf life. Manufacturers are constantly working towards the development of advanced and cost-effective power storage solutions.

However, sodium sulphur batteries are rapidly emerging as a suitable alternative to other solutions due to rapid changes in power consumption patterns and the growing unreliability of grid networks. They are being widely preferred on account of high economic feasibility in meeting small to high power load requirements. Ongoing efforts to mitigate the anthropogenic causes of global warming will further boost their adoption in the future.

Demand for sustainable power storage solutions in the U.S. and Canada

Rapid industrial development in the U.S. has created a demand for reliable and continuous power supply. Growing commercialization, economic growth, and residential expansion are further fueling this demand. These factors have accelerated investments in the deployment of renewable grid networks, which will positively impact the U.S. stationary battery storage industry outlook.

Meanwhile in Canada, the flourishing real estate sector and ongoing residential and commercial expansion projects are driving the regional power consumption trends. In recent years, the country has experienced growing instances of power cuts and blackouts. Consequently, ongoing efforts for the upgradation of aging power generation, transmission, and distribution networks will drive Canada stationary battery storage market trends.  

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The respective governments are undertaking numerous initiatives towards expansion of the existing grid infrastructure and the development of new, reliable electrical infrastructure. Ongoing investments in microgrid deployment projects and the need for backup power will drive future developments in the North America stationary battery storage industry.

Table of Contents (ToC) of the report:

Chapter 3.  North America Stationary Battery Storage Market Trends

3.1. Industry coverage

3.2. Industry size & forecast, 2015 - 2026

3.3. Value chain analysis

3.3.1.        Company product snapshot

3.4. Innovation landscape

3.5. Regulatory norms & directives

3.6. COVID - 19 impact on overall industry

3.7. Drivers & restraints

3.7.1.        Market drivers

3.7.2.        Market restraints

3.8. Product growth mapping

3.9. Industry analysis - Porter's

3.10. Competitive benchmarking, 2019

3.10.1.       Company strategies

3.11.   PEST Analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1392/north-america-stationary-battery-storage-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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