Reports
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States
Americas
Future Market Insights, Inc.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States
MEA
Future Market Insights
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom
Asia Pacific
Future Market Insights
IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India
The United Kingdom stationary battery storage industry size reached US$ 282.8 million in 2022. Over the forecast period, United Kingdom stationary battery storage demand is anticipated to rise at 25.3% CAGR. The total valuation of this industry is predicted to increase from US$ 341.8 million in 2023 to US$ 3,184.2 million in 2033.
Demand for stationary battery storage is projected to remain high in the up to 250Kwh & 251kWh to 1MWh segment. The latest stationary battery storage industry analysis shows that the target segment is projected to thrive at 20.6% and 27.0% CAGR during the assessment period.
Attributes | Key Insights |
---|---|
Stationary Battery Storage Industry Size in 2022 | US$ 282.8 million |
Estimated Stationary Battery Storage Industry Value (2023) | US$ 341.8 million |
Projected Stationary Battery Storage Industry Revenue (2033) | US$ 3,184.2 million |
Value-based Stationary Battery Storage Industry CAGR (2023 to 2033) | 25.3% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Stationary Battery Storage Industry to Expand Nearly 9X through 2033
The United Kingdom stationary battery storage industry is predicted to expand around 9X through 2033. This is due to:
All these factors have collectively contributed to the positive trajectory of the United Kingdom stationary battery storage industry. By 2033, the total industry revenue is set to reach US$ 3,184.2 million.
The stationary battery storage industry in the United Kingdom is anticipated to grow at an outstanding CAGR of 25.3%. Several factors can be attributed to this growth:
The stationary battery storage in the United Kingdom is a US$ 3.18 billion industry. Despite its massive size, the industry faces numerous challenges that slow down its growth process.
In this section, a comparative analysis is performed between the stationary battery storage industry and two related industries that have the potential to give rigorous competition to the stationary battery storage industry and the energy harvesting market. According to the report, the United Kingdom stationary battery storage industry is going to overpower the other two sectors in the coming future.
United Kingdom Stationary Battery Storage Industry:
Attributes | United Kingdom Stationary Battery Storage Industry |
---|---|
CAGR (2023 to 2033) | 25.3% |
Valuation (2023) | US$ 341.8 million |
Growth Factor | The need for advanced heat treatment processes in sectors like automotive, aerospace, and manufacturing |
Key Trend | Manufacturers in the stationary battery storage industry are addressing the energy-efficiency concern by integrating batteries to enhance energy security. |
Global Battery Energy Storage Industry:
Attributes | Global Battery Energy Storage Industry |
---|---|
CAGR (2023 to 2033) | 11.1% |
Valuation (2023) | US$ 18.5 billion |
Growth Factor | The rising demand for grid energy storage systems as part of ongoing grid modernization efforts |
Key Trend | Numerous governments worldwide, particularly in developing nations, seek to develop remote locations such as isolated rural and peri-urban areas and tiny islands disconnected from national grids. |
Energy Harvesting Industry:
Attributes | Energy Harvesting Industry |
---|---|
CAGR (2023 to 2033) | 7.5% |
Valuation (2023) | US$ 940.7 million |
Growth Factor | The growing trend of smart homes and smart cities is likely to boost market development. |
Key Trend | The growing usage of the Internet of Things (IoT) in energy harvesting systems is projected to open up new commercial prospects. |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Application | Utility & Grid |
---|---|
Industry Share | 46.1% |
Based on application, the United Kingdom stationary battery storage industry is segmented into utility and grid, residential and commercial, etc. Among these applications, the utility and grid category is the dominant force, significantly influencing the industry landscape. It holds a significant volume share of 46.1% in 2023.
The growing number of commercial establishments, construction activities, and critical infrastructure projects in the United Kingdom necessitate a stable power supply, reinforcing the significance of stationary battery storage in this sector. Stringent regulations and the need for energy resilience drive businesses to invest in robust backup power solutions, solidifying the utility and grid’s influential position in shaping the stationary battery storage industry.
Top Segment (Battery Type) | Lithium-Ion |
---|---|
Industry Share in 2023 | 22% |
The United Kingdom stationary battery storage industry is segmented based on battery type into lithium-ion, sodium-sulfur, lead acid, flow battery, and other batteries. Among these segments, the lithium-ion category emerges as a preferred choice, accounting for a prominent share of 22% in 2023
Lithium-ion batteries offer a high energy density, meaning they can store a large amount of energy in a relatively small and lightweight package. This makes them well-suited for stationary applications where space may be limited. The significance of lithium-ion batteries in the industrial landscape has also increased due to their longer battery life, allowing them to undergo many charge and discharge cycles before experiencing a significant decrease in performance. This characteristic is essential for applications like stationary storage, where durability and longevity are crucial.
The United Kingdom stationary battery storage industry is fragmented, with leading players accounting for significant share. EON United Kingdom, Centrica, OVO Energy, Anesco, RES, Belectric United Kingdom, Zenob Energy, GRIDSERVE Sustainable Energy Ltd, Eelpower, Moixa, Connected Energy, Lithium Werks, Powerstar, Virtuoso Energy, Powervault, GRIDSERVE Sustainable Energy Ltd, Belectric United Kingdom, OVO Energy and Ecotricity are some of the leading manufacturers and suppliers of stationary battery storage listed in the report.
Key stationary battery storage companies are investing in continuous research to produce new products and increase their production capacity to meet end-user demand. They are also inclined toward adopting strategies to strengthen their footprint, including acquisitions, partnerships, mergers, and facility expansions.
Recent Developments in Stationary Battery Storage Industry
Attribute | Details |
---|---|
Estimated Industry Size (2023) | US$ 341.8 million |
Projected Industry Size (2033) | US$ 3,184.2 million |
Anticipated Growth Rate (2023 to 2033) | 25.3% |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Value (US$ million) and Volume (KW) |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
|
Countries Covered |
|
Key Companies Profiled |
|
The United Kingdom stationary battery storage sales was valued at US$ 282.8 million in 2022.
The United Kingdom stationary battery storage sales is set to reach US$ 341.8 million in 2023.
The United Kingdom stationary battery storage demand is anticipated to rise at 25.3% CAGR through 2033.
The United Kingdom stationary battery storage industry size is set to reach US$ 3,184.2 million by 2033.
Utility and grid are expected to lead the United Kingdom's stationary battery storage industry during the forecast period.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Volume (KW) Analysis, 2018 to 2022 5.2. Current and Future Market Volume (KW) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis By Battery type 6.2. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. Global GDP Growth Outlook 8.1.2. Global Chemical industry Overview 8.1.3. Manufacturing Value-Added 8.1.4. Industry Value Added 8.1.5. Parent Market Outlook 8.1.6. Other Macro-Economic Factors 8.2. Forecast Factors - Relevance & Impact 8.2.1. Top Companies Historical Growth 8.2.2. GDP Growth forecast 8.2.3. Manufacturing Industry forecast 8.2.4. Global Urbanization Growth Outlook 8.2.5. Business Climate 8.2.6. Covid-19 Impact Assessment 8.2.7. End-use Industry Growth Outlook 8.3. Value Chain 8.3.1. Product Manufacturers 8.3.2. End Users 8.3.3. Avg. Profitability Margins 8.4. COVID-19 Crisis – Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Market Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunity Analysis 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Battery type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Battery type, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Battery type, 2023 to 2033 9.3.1. Lithium-Ion 9.3.2. Sodium Sulphur 9.3.3. Lead Acid 9.3.4. Flow Battery 9.3.5. Other Batteries 9.4. Market Attractiveness Analysis By Battery type 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Energy Capacity 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Energy Capacity, 2018 to 2022 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Energy Capacity, 2023 to 2033 10.3.1. Up to 250Kwh 10.3.2. 251kWh to 1MWh 10.3.3. 1.1MWh to 10MWh 10.3.4. 10.1 MWh to 20 MWh 10.4. Market Attractiveness Analysis By Energy Capacity 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2018 to 2022 11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2023 to 2033 11.3.1. Utility & Grid 11.3.1.1. Renewable Energy Integration 11.3.1.2. Grid Stabilization and Frequency Regulation 11.3.1.3. Transmission and Distribution Grid 11.3.1.4. Microgrids 11.3.1.5. Remote and Off-grid 11.3.1.6. Others 11.3.2. Commercial and Industrial 11.3.2.1. Commercial Buildings 11.3.2.2. Data centers 11.3.2.3. Government and Public Sector 11.3.2.4. Defense and Military 11.3.2.5. Industrial and Manufacturing 11.3.2.6. Others 11.3.3. Residential 11.4. Market Attractiveness Analysis By Application 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022 12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2023 to 2033 12.3.1. England 12.3.2. Scotland 12.3.3. Wales 12.3.4. Northern Ireland 12.4. Market Attractiveness Analysis By Region 13. England Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 13.4.1. By Battery type 13.4.2. By Energy Capacity 13.4.3. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Battery type 13.5.3. By Energy Capacity 13.5.4. By Application 13.6. Market Trends 13.7. Key Market Participants - Intensity Mapping 13.8. Drivers and Restraints - Impact Analysis 14. Scotland Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 14.4.1. By Battery type 14.4.2. By Energy Capacity 14.4.3. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Battery type 14.5.3. By Energy Capacity 14.5.4. By Application 14.6. Market Trends 14.7. Key Market Participants - Intensity Mapping 14.8. Drivers and Restraints - Impact Analysis 15. Wales Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 15.4.1. By Battery type 15.4.2. By Energy Capacity 15.4.3. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Battery type 15.5.3. By Energy Capacity 15.5.4. By Application 15.6. Market Trends 15.7. Key Market Participants - Intensity Mapping 15.8. Drivers and Restraints - Impact Analysis 16. Northern Ireland Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 16.4.1. By Battery type 16.4.2. By Energy Capacity 16.4.3. By Application 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Battery type 16.5.3. By Energy Capacity 16.5.4. By Application 16.6. Market Trends 16.7. Key Market Participants - Intensity Mapping 16.8. Drivers and Restraints - Impact Analysis 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration 17.3. Market Share Analysis of Top Players 17.4. Production Capacity Analysis 17.5. Market Presence Analysis 17.5.1. By Application Footprint of Players 17.5.2. By Regional Footprint of Players 17.5.3. By Channel Footprint of Players 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Competition Deep Dive 18.3.1. Centrica 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Profitability by Market Segments (Product/Channel/Region) 18.3.1.4. Sales Footprint 18.3.1.5. Strategy Overview 18.3.2. RES 18.3.3. EON UK 18.3.4. Zenob Energy 18.3.5. KiWi Power 18.3.6. Anesco 18.3.7. Eelpower 18.3.8. Moixa 18.3.9. Connected Energy 18.3.10. Lithium Werks 18.3.11. Powerstar 18.3.12. Virtuoso Energy 18.3.13. Powervault 18.3.14. GRIDSERVE Sustainable Energy Ltd 18.3.15. Belectric UK 18.3.16. OVO Energy 18.3.17. Ecotricity 19. Assumptions and Acronyms Used 20. Research Methodology
Table 1: UK Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Battery Type Table 2: UK Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Energy Capacity Table 3: UK Market Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application Table 4: UK Market Value (US$ Million) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application Table 5: UK Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Region Table 6: England Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Battery Type Table 7: England Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Energy Capacity Table 8: England Market Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application Table 9: England Market Value (US$ Million) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application Table 10: Scotland Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Battery Type Table 11: Scotland Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Energy Capacity Table 12: Scotland Market Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application Table 13: Scotland Market Value (US$ Million) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application Table 14: Wales Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Battery Type Table 15: Wales Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Energy Capacity Table 16: Wales Market Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application Table 17: Wales Market Value (US$ Million) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application Table 18: Northern Ireland Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Battery Type Table 19: Northern Ireland Market Value (US$ Million) and Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Energy Capacity Table 20: Northern Ireland Market Volume (KW) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application Table 21: Northern Ireland Market Value (US$ Million) Historical Data 2018 to 2022 and Forecast 2023 to 2033 By Application
Figure 01: Europe Market Historical Volume (KW), 2018 to 2022 Figure 02: Europe Market Current and Forecast Volume (KW), 2023 to 2033 Figure 03: UK Historical Market Size (USD Million) (2018 to 2022) Figure 04: UK Market Absolute $ Opportunity Analysis (2018 to 2033) Figure 05: UK Market Size (USD Million) & YOY Growth (%) (2023 to 2033) Figure 06: UK Market Share and BPS Analysis by Battery Type-2023 to 2033 Figure 07: UK Market Y-o-Y Growth Projections by Battery Type 2022 to 2033 Figure 08: UK Market Attractiveness by Battery Type, 2023 to 2033 Figure 09: UK Market Incremental $ Opportunity by Battery Type, Figure 10: UK Market Share and BPS Analysis by Energy Capacity- 2023 to 2033 Figure 11: UK Market Y-o-Y Growth Projections by Energy Capacity 2022 to 2033 Figure 12: UK Market Attractiveness by Energy Capacity, 2023 to 2033 Figure 13: UK Market Incremental $ Opportunity by Energy Capacity, Figure 14: UK Market Share and BPS Analysis by Application- 2023 to 2033 Figure 15: UK Market Y-o-Y Growth Projections by Application, 2022 to 2033 Figure 16: UK Market Attractiveness by Application, 2023 to 2033 Figure 17: UK Market Incremental $ Opportunity by Application, Figure 18: UK Market Share and BPS Analysis by Region-2023 to 2033 Figure 19: UK Market Y-o-Y Growth Projections by Region 2022 to 2033 Figure 20: UK Market Attractiveness by Region, 2023 to 2033 Figure 21: UK Market Incremental $ Opportunity by Region, Figure 22: England Market Share and BPS Analysis by Battery Type- 2023 to 2033 Figure 23: England Market Y-o-Y Growth Projections by Battery Type 2022 to 2033 Figure 24: England Market Attractiveness by Battery Type, 2023 to 2033 Figure 25: England Market Share and BPS Analysis by Energy Capacity- 2023 to 2033 Figure 26: England Market Y-o-Y Growth Projections by Energy Capacity 2022 to 2033 Figure 27: England Market Attractiveness by Energy Capacity, 2023 to 2033 Figure 28: England Market Share and BPS Analysis by Application- 2023 to 2033 Figure 29: England Market Y-o-Y Growth Projections by Application, 2022 to 2033 Figure 30: England Market Attractiveness by Application, 2023 to 2033 Figure 31: Scotland Market Share and BPS Analysis by Battery Type- 2023 to 2033 Figure 32: Scotland Market Y-o-Y Growth Projections by Battery Type 2022 to 2033 Figure 33: Scotland Market Attractiveness by Battery Type, 2023 to 2033 Figure 34: Scotland Market Share and BPS Analysis by Energy Capacity- 2023 to 2033 Figure 35: Scotland Market Y-o-Y Growth Projections by Energy Capacity 2022 to 2033 Figure 36: Scotland Market Attractiveness by Energy Capacity, 2023 to 2033 Figure 37: Scotland Market Share and BPS Analysis by Application- 2023 to 2033 Figure 38: Scotland Market Y-o-Y Growth Projections by Application, 2022 to 2033 Figure 39: Scotland Market Attractiveness by Application, 2023 to 2033 Figure 40: Wales Market Share and BPS Analysis by Battery Type- 2023 to 2033 Figure 41: Wales Market Y-o-Y Growth Projections by Battery Type 2022 to 2033 Figure 42: Wales Market Attractiveness by Battery Type, 2023 to 2033 Figure 43: Wales Market Share and BPS Analysis by Energy Capacity- 2023 to 2033 Figure 44: Wales Market Y-o-Y Growth Projections by Energy Capacity 2022 to 2033 Figure 45: Wales Market Attractiveness by Energy Capacity, 2023 to 2033 Figure 46: Wales Market Share and BPS Analysis by Application- 2023 to 2033 Figure 47: Wales Market Y-o-Y Growth Projections by Application, 2022 to 2033 Figure 48: Wales Market Attractiveness by Application, 2023 to 2033 Figure 49: Northern Ireland Market Share and BPS Analysis by Battery Type- 2023 to 2033 Figure 50: Northern Ireland Market Y-o-Y Growth Projections by Battery Type 2022 to 2033 Figure 51: Northern Ireland Market Attractiveness by Battery Type, 2023 to 2033 Figure 52: Northern Ireland Market Share and BPS Analysis by Energy Capacity- 2023 to 2033 Figure 53: Northern Ireland Market Y-o-Y Growth Projections by Energy Capacity 2022 to 2033 Figure 54: Northern Ireland Market Attractiveness by Energy Capacity, 2023 to 2033 Figure 55: Northern Ireland Market Share and BPS Analysis by Application- 2023 to 2033 Figure 56: Northern Ireland Market Y-o-Y Growth Projections by Application, 2022 to 2033 Figure 57: Northern Ireland Market Attractiveness by Application, 2023 to 2033
Recommendations
Explore Oil and Gas Insights
View Reports