Batteries in Power – Thematic Research

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Battery Market Overview

Battery technology facilitates the flow of electricity by converting chemical energy into electrical energy using electrochemical cells. The major electrochemical battery energy storage technologies include lithium-ion (Li-ion), sodium-sulfur (NaS), lead-acid, and flow batteries. A battery energy storage system (BESS) is more reliable and in high demand because it can be integrated with renewable energy sources.

The batteries in power thematic intelligence report gives an overview of the batteries value chain, case studies, market size, growth forecasts, and the leading power and technology vendors in the market.

Batteries in Power – Key Trends

The key trends shaping the batteries theme in the power sector can be classified into four categories: power trends, technology trends, macroeconomic trends, and regulatory trends.

Power Trends: The report focuses on key technology trends impacting the batteries’ theme, which include virtual power plants, government incentives for battery energy storage systems, declining cost of batteries, and rural electrification.

Technology Trends: The key technology trends impacting the batteries theme include the lithium era, battery materials, silicon and graphene revolution, quantum glass technology, sodium technology, and liquid metal battery technology. It also includes the solid-state batteries technology and the difficulties in developing them, the revolutionary Tesla factor, energy storage, and battery alternatives as well as ultra-capacitors.

Macroeconomic Trends: The key macroeconomic trend impacting the batteries theme include the impending battery shortage, electric vehicles, battery recycling as well as the geopolitical battery arms race, ESG factors, concerns over the production of nickel, and the growing trend of vertical integration.

Regulatory Trends: The key regulatory trends impacting the batteries theme are environment-friendly regulations and plans adopted by Norway, competition in the Lithium Triangle, COP26 fallout, and graphite tariffs.

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Batteries in Power – Industry Analysis

GlobalData forecasts the battery industry revenue to reach over $168 billion by 2030 at a CAGR of more than 13% from 2020 to 2030. Revenue from lead-acid batteries is expected to witness incremental growth, whereas sales from Li-ion batteries are expected to occupy a considerable share of the total batteries market during the forecast period.

The batteries in power thematic research report also cover:

  • Patent
  • Patent filings in power
  • Impact of batteries in the power sector
  • Mergers and acquisitions
  • Use cases
  • Timeline

Batteries in Power – Industry Analysis

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Batteries - Value Chain Analysis

GlobalData’s batteries value chain comprises of six segments: raw materials, refining and processing, component makers, battery technologies, end markets, and end of life.

Raw Materials: Lithium, nickel, copper, manganese, iron, cobalt, and graphite are the raw materials required to make batteries. However, the dearth of investment for key battery material extraction remains a major challenge. For instance, lithium is abundant, but significant investment is required in new hard rock mines to meet rampant growing demand. Likewise, nickel is a critical metal in various battery types and, like other critical materials, is in short supply.

Batteries Value Chain

Batteries Value Chain

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Batteries in Power Sector Scorecard

GlobalData uses a scorecard approach to predict tomorrow’s leading companies within each sector. The sector scorecards help to determine which companies are best positioned for a future filled with disruptive threats. Each sector scorecard has three screens:

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
  • The risk screen ranks companies within a particular sector based on overall investment risk.

Power Utilities Sector Scorecard – Thematic Screen

Power Utilities Sector Scorecard – Thematic Screen

For more insights on the batteries score card, download a free report sample

Leading Companies in the Batteries Value Chain

Some leading players in the batteries value chain:

  • Albemarle
  • BHP
  • GanfengLithium
  • 3M
  • BASF
  • Mitsubishi Chemical

Leading Power Companies

Some of the leading power companies associated with the batteries theme:

  • Neoen
  • NetrEra Energy
  • RWE Renewables
  • Primergy Solar
  • Penso Power

Leading Technology Companies

Some of the leading technology companies associated with batteries theme:

  • BYD
  • Contemporary Amperex Technology (CATL)
  • LG Energy Solution
  • Panasonic
  • QuantumScape
  • Ambri
  • NorthVolt

To know more about leading companies making their mark within the batteries theme, download a free report sample

Market Report Overview

Report Pages 67
Regions Covered Global
Market Value (2020) $55 billion
CAGR (2020 – 2030) >13%
Value Chains Raw Materials, Refining and Processing, Component Makers, Battery Technologies, End Markets, and End of Life
Leading Companies in the Batteries Value Chain Albemarle, BHP, GanfengLithium, 3M, BASF, Mitsubishi Chemical
Leading Power Companies Neoen, NetrEra Energy, RWE Renewables, Primergy Solar and Penso Power

 

Leading Technology Companies BYD, Contemporary Amperex Technology (CATL), LG Energy Solution, Panasonic, QuantumScape, Ambri and NorthVolt

Scope

The report focuses on batteries in power as a theme.

  • It provides an industry analysis with respect to market size of batteries, growth forecasts, patents filed, and impact of batteries in power sector.
  • Review of the applications of batteries and its benefits to the power sector.
  • It contains details of M&A deals driven by batteries theme, and a timeline highlighting milestones in the development of batteries.
  • Highlights the trends related to batteries as a theme in power sector, battery technology, macroeconomic and regulatory trends.
  • The report also includes an overview of competitive positions held by leading battery technology providers and power utility companies adopting batteries.
  • It covers primary and secondary research case studies on how batteries are being adopted in the power sector.

Reasons to Buy

The report provides:

  • A comprehensive analysis of the emerging market trends of batteries in power sector.
  • An insight of the leading players in batteries theme and where do they fit in the value chain.
  • Technology briefing of batteries, batteries disruption in power, key mergers and acquisitions and significant milestones in the journey of batteries.
  • Profiles of major market players within the batteries industry and leading adopters of batteries in power sector.

Iberdrola
Electricite de France
Engie
Enel
NextEra Energy
Vattenfall
E.ON
Exelon
AES
RWE
Fortum
Dominion Energy
Exelon
Duke Energy
American Electric Power
Berkshire Hathaway
Fortum
China Huaneng Group
CLP Holdings
Taipower
EGAT
Korea Electric Power
Xcel Energy
SPIC
CEIC
China Datang
NRG Energy
NTPC
RusHydro
Eskom
Entergy
JERA
Gazprom
Rosatom
Inter RAO
BYD
Contemporary Amperex Technology Limited
LG Energy Solution
Samsung SDI
Tesla

Table of Contents

Table of Contents

  1. Executive Summary
  2. Players
  3. Technology Briefing
  4. Trends

  • Power trends
  • Technology trends
  • Macroeconomic trends
  • Regulatory trends

  1. Industry Analysis

  • Market size and growth forecasts
  • Patents
  • Patent filings in power
  • Impact of batteries in power sector
  • Use cases
  • Mergers and acquisitions
  • Timeline

  1. Value Chain

  • Raw materials
  • Smelting and refining
  • Component makers
  • Battery technologies
  • End markets
  • End of life

  1. Companies

  • Power companies
  • Technology companies

  1. Sector Scorecards

  • Power sector scorecard
  • Component makers sector scorecard

  1. Glossary
  2. Further Reading
  3. Our Thematic Research Methodology
  4. About GlobalData
  5. Contact Us

Frequently asked questions

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