Summary

The Global Grid-Scale Battery Market is valued approximately at USD 11.9 billion in 2024 and is anticipated to grow with a robust CAGR of more than 18.20% over the forecast period 2025–2035. Grid-scale batteries have rapidly evolved from being a niche energy-storage technology to becoming the backbone of global renewable integration and grid modernization. These systems play a vital role in balancing power supply and demand, storing excess renewable energy, and enhancing grid reliability in an era defined by decarbonization. The escalating global emphasis on transitioning to renewable energy sources, combined with increasing government mandates to reduce carbon footprints, has substantially accelerated the adoption of large-scale battery systems. With nations pledging to meet net-zero targets, the demand for advanced grid-scale storage technologies is surging across solar, wind, and hybrid installations. Moreover, technological breakthroughs in lithium-ion, sodium-based, and redox flow batteries are redefining energy economics by extending lifespan, improving energy density, and optimizing lifecycle costs.
The unprecedented expansion of renewable energy infrastructure and grid stabilization initiatives has propelled the market growth of grid-scale batteries. These systems serve as a linchpin in ensuring continuous electricity supply during renewable intermittencies and grid fluctuations. According to the International Energy Agency (IEA), global renewable electricity capacity additions surpassed 510 gigawatts in 2023, marking a 50% increase from the previous year—an all-time record. As renewables continue to dominate new capacity additions, energy storage has emerged as a critical enabler for flexible and resilient grid operations. Furthermore, the surge in public–private investments, favorable policy frameworks, and advances in smart grid integration are creating fertile ground for market expansion. Nonetheless, the market faces headwinds in the form of high upfront installation costs and complex regulatory environments. However, continuous innovations in energy storage technologies, coupled with cost declines in battery materials, are expected to mitigate these challenges and unlock vast growth opportunities by 2035.
The detailed segments and sub-segments included in the report are:
By Battery Chemistry:
• Lead-acid
• Sodium-based
• Redox Flow
• Lithium-ion
• Others
By Ownership:
• Third-party Owned
• Utility Owned
By Application:
• Renewables
• Peak Shifting
• Ancillary Services
• Backup Power
• Others
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Lithium-ion Batteries Expected to Dominate the Market
Among battery chemistries, lithium-ion technology continues to dominate the grid-scale battery market, commanding the largest share in 2024 and expected to maintain this position through 2035. Its dominance stems from unparalleled energy density, high efficiency, and cost competitiveness achieved through decades of technological refinement and mass production. Lithium-ion batteries have become the preferred choice for utility-scale applications owing to their proven reliability, scalability, and integration flexibility. The proliferation of gigafactories and large-scale supply chain developments have further reduced per-kilowatt-hour costs, fueling wider adoption across renewable and peak-shifting projects. While emerging technologies like redox flow and sodium-based batteries are garnering attention for long-duration storage, lithium-ion remains the anchor technology of global grid-scale storage, balancing maturity, performance, and economics with unrivaled precision.
Utility-Owned Segment Leads in Revenue Contribution
In terms of ownership, the utility-owned segment currently generates the highest revenue in the global grid-scale battery market. Electric utilities are strategically investing in grid-scale batteries to modernize infrastructure, improve grid stability, and reduce dependence on fossil fuel–based peaking plants. These investments are driven by regulatory pressures to increase renewable penetration and enhance grid resilience during extreme weather events. Utility-owned systems offer advantages in terms of integrated management, grid optimization, and centralized control, which ensure smoother operations across transmission and distribution networks. Meanwhile, third-party ownership models are gaining ground, especially in emerging markets, through power purchase agreements (PPAs) and energy-as-a-service frameworks. Nonetheless, utilities continue to lead due to their large-scale deployment capabilities and direct involvement in national energy transition programs.
The key regions considered for the Global Grid-Scale Battery Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the market in 2024, driven by robust government policies, high renewable adoption rates, and substantial grid modernization projects in the United States and Canada. The Inflation Reduction Act (IRA) in the U.S. has significantly boosted energy storage incentives, enabling a surge in gigawatt-scale battery installations. Europe follows closely, propelled by aggressive decarbonization targets and growing energy security concerns, particularly in light of the regional energy transition. The Asia Pacific region, however, is projected to be the fastest-growing market through 2035, spurred by extensive renewable deployment, rapid urbanization, and government-backed energy transition programs in China, India, and Japan. The region’s growing focus on grid reliability, coupled with increasing foreign investment in clean energy storage infrastructure, underscores its pivotal role in shaping the global grid-scale battery landscape.
Major market players included in this report are:
• Tesla Inc.
• Contemporary Amperex Technology Co., Limited (CATL)
• LG Energy Solution Ltd.
• Samsung SDI Co., Ltd.
• Panasonic Holdings Corporation
• Fluence Energy, Inc.
• General Electric Company
• Hitachi Energy Ltd.
• ABB Ltd.
• Siemens AG
• Envision Energy Ltd.
• NextEra Energy Resources, LLC
• VARTA AG
• Energy Vault Holdings, Inc.
• Eaton Corporation plc
Global Grid-Scale Battery Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope – Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market.

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Table of Contents

Table of Contents

Chapter 1. Global Grid-Scale Battery Market Report Scope & Methodology
1.1. Research Objective
1.2. Research Methodology
1.2.1. Forecast Model
1.2.2. Desk Research
1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
1.4.1. Market Definition
1.4.2. Market Segmentation
1.5. Research Assumption
1.5.1. Inclusion & Exclusion
1.5.2. Limitations
1.5.3. Years Considered for the Study

Chapter 2. Executive Summary
2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Grid-Scale Battery Market Forces Analysis
3.1. Market Forces Shaping The Global Grid-Scale Battery Market (2024-2035)
3.2. Drivers
3.2.1. escalating global emphasis on transitioning to renewable energy sources
3.2.2. increasing government mandates to reduce carbon footprints
3.3. Restraints
3.3.1. high upfront installation costs and complex regulatory environments
3.4. Opportunities
3.4.1. demand for advanced grid-scale storage technologies

Chapter 4. Global Grid-Scale Battery Industry Analysis
4.1. Porter’s 5 Forces Model
4.1.1. Bargaining Power of Buyer
4.1.2. Bargaining Power of Supplier
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Grid-Scale Battery Market Size & Forecasts by Battery Chemistry 2025-2035
5.1. Market Overview
5.2. Global Grid-Scale Battery Market Performance - Potential Analysis (2025)
5.3. Lead-acid
5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.3.2. Market size analysis, by region, 2025-2035
5.4. Sodium-based
5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.4.2. Market size analysis, by region, 2025-2035
5.5. Redox Flow
5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.5.2. Market size analysis, by region, 2025-2035
5.6. Lithium-ion
5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.6.2. Market size analysis, by region, 2025-2035
5.7. Others
5.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.7.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Grid-Scale Battery Market Size & Forecasts by Ownership 2025-2035
6.1. Market Overview
6.2. Global Grid-Scale Battery Market Performance - Potential Analysis (2025)
6.3. Third-party Owned
6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.3.2. Market size analysis, by region, 2025-2035
6.4. Utility Owned
6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.4.2. Market size analysis, by region, 2025-2035
Chapter 7. Global Grid-Scale Battery Market Size & Forecasts by Application 2025–2035
7.1. Market Overview
7.2. Global Grid-Scale Battery Market Performance - Potential Analysis (2025)
7.3. Renewables
7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.3.2. Market size analysis, by region, 2025-2035
7.4. Peak Shifting
7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.4.2. Market size analysis, by region, 2025-2035
7.5. Ancillary Services
7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.5.2. Market size analysis, by region, 2025-2035
7.6. Backup Power
7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.6.2. Market size analysis, by region, 2025-2035
7.7. Others
7.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
7.7.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Grid-Scale Battery Market Size & Forecasts by Region 2025–2035
8.1. Growth Grid-Scale Battery Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Grid-Scale Battery Market
8.3.1. U.S. Grid-Scale Battery Market
8.3.1.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.3.1.2. Ownership breakdown size & forecasts, 2025-2035
8.3.1.3. Application breakdown size & forecasts, 2025-2035
8.3.2. Canada Grid-Scale Battery Market
8.3.2.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.3.2.2. Ownership breakdown size & forecasts, 2025-2035
8.3.2.3. Application breakdown size & forecasts, 2025-2035
8.4. Europe Grid-Scale Battery Market
8.4.1. UK Grid-Scale Battery Market
8.4.1.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.4.1.2. Ownership breakdown size & forecasts, 2025-2035
8.4.1.3. Application breakdown size & forecasts, 2025-2035
8.4.2. Germany Grid-Scale Battery Market
8.4.2.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.4.2.2. Ownership breakdown size & forecasts, 2025-2035
8.4.2.3. Application breakdown size & forecasts, 2025-2035
8.4.3. France Grid-Scale Battery Market
8.4.3.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.4.3.2. Ownership breakdown size & forecasts, 2025-2035
8.4.3.3. Application breakdown size & forecasts, 2025-2035
8.4.4. Spain Grid-Scale Battery Market
8.4.4.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.4.4.2. Ownership breakdown size & forecasts, 2025-2035
8.4.4.3. Application breakdown size & forecasts, 2025-2035
8.4.5. Italy Grid-Scale Battery Market
8.4.5.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.4.5.2. Ownership breakdown size & forecasts, 2025-2035
8.4.5.3. Application breakdown size & forecasts, 2025-2035
8.4.6. Rest of Europe Grid-Scale Battery Market
8.4.6.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.4.6.2. Ownership breakdown size & forecasts, 2025-2035
8.4.6.3. Application breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Grid-Scale Battery Market
8.5.1. China Grid-Scale Battery Market
8.5.1.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.5.1.2. Ownership breakdown size & forecasts, 2025-2035
8.5.1.3. Application breakdown size & forecasts, 2025-2035
8.5.2. India Grid-Scale Battery Market
8.5.2.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.5.2.2. Ownership breakdown size & forecasts, 2025-2035
8.5.2.3. Application breakdown size & forecasts, 2025-2035
8.5.3. Japan Grid-Scale Battery Market
8.5.3.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.5.3.2. Ownership breakdown size & forecasts, 2025-2035
8.5.3.3. Application breakdown size & forecasts, 2025-2035
8.5.4. Australia Grid-Scale Battery Market
8.5.4.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.5.4.2. Ownership breakdown size & forecasts, 2025-2035
8.5.4.3. Application breakdown size & forecasts, 2025-2035
8.5.5. South Korea Grid-Scale Battery Market
8.5.5.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.5.5.2. Ownership breakdown size & forecasts, 2025-2035
8.5.5.3. Application breakdown size & forecasts, 2025-2035
8.5.6. Rest of APAC Grid-Scale Battery Market
8.5.6.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.5.6.2. Ownership breakdown size & forecasts, 2025-2035
8.5.6.3. Application breakdown size & forecasts, 2025-2035
8.6. Latin America Grid-Scale Battery Market
8.6.1. Brazil Grid-Scale Battery Market
8.6.1.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.6.1.2. Ownership breakdown size & forecasts, 2025-2035
8.6.1.3. Application breakdown size & forecasts, 2025-2035
8.6.2. Mexico Grid-Scale Battery Market
8.6.2.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.6.2.2. Ownership breakdown size & forecasts, 2025-2035
8.6.2.3. Application breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Grid-Scale Battery Market
8.7.1. UAE Grid-Scale Battery Market
8.7.1.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.7.1.2. Ownership breakdown size & forecasts, 2025-2035
8.7.1.3. Application breakdown size & forecasts, 2025-2035
8.7.2. Saudi Arabia (KSA) Grid-Scale Battery Market
8.7.2.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.7.2.2. Ownership breakdown size & forecasts, 2025-2035
8.7.2.3. Application breakdown size & forecasts, 2025-2035
8.7.3. South Africa Grid-Scale Battery Market
8.7.3.1. Battery Chemistry breakdown size & forecasts, 2025-2035
8.7.3.2. Ownership breakdown size & forecasts, 2025-2035
8.7.3.3. Application breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Tesla Inc.
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Financial Performance (Subject to Data Availability)
9.2.5. Product/Services Port
9.2.6. Recent Development
9.2.7. Market Strategies
9.2.8. SWOT Analysis
9.3. Contemporary Amperex Technology Co., Limited (CATL)
9.4. LG Energy Solution Ltd.
9.5. Samsung SDI Co., Ltd.
9.6. Panasonic Holdings Corporation
9.7. Fluence Energy, Inc.
9.8. General Electric Company
9.9. Hitachi Energy Ltd.
9.10. ABB Ltd.
9.11. Siemens AG
9.12. Envision Energy Ltd.
9.13. NextEra Energy Resources, LLC
9.14. VARTA AG
9.15. Energy Vault Holdings, Inc.
9.16. Eaton Corporation plc