The global substation battery market is anticipated to grow at a CAGR during the forecast period (2024-2031). The increasing incidence of power failure in substations is driving the demand for substation batteries which in turn offers robust opportunities for the market over the forecast period. Due to this factor, the key players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.
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For instance, in 2018, Italy’s transmission system operator, Terna, deployed a pilot battery storage project of 35 MW on a part of its 150 kilovolts (kV) grid in Southern Italy for grid congestion management. Utility-scale batteries are also used for grid upgrade deferral in California, New York, and Texas. And In 2017, the US utility San Diego Gas & Electric developed a 30 MW / 120 MWh Li-ion battery storage project near one of its substations in Escondido to store excess renewable energy production in the state and also serve as a capacity reserve.
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Market Coverage
- Segment Covered-
o By Composition
o By Manufacturing Process
o By End-User Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Exide Technologies, GS Yuasa International Ltd., Saft, Robert Bosch GmbH, Johnson Controls
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Substation Battery Market Report Segment
By Battery type
- Nickel Cadmium Battery
- Lead Acid Battery
- Sealed Lead Acid Battery
- Vented Lead Acid Battery
- Others
By Application
- Residential and Commercial
- Industrial
- Utilities
- Others
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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