The United Kingdom stationary battery storage industry size reached USD 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 USD 341.8 million in 2023 to USD 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 | USD 282.8 million |
| Estimated Stationary Battery Storage Industry Value (2023) | USD 341.8 million |
| Projected Stationary Battery Storage Industry Revenue (2033) | USD 3,184.2 million |
| Value-based Stationary Battery Storage Industry CAGR (2023 to 2033) | 25.3% |
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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 USD 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:
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The stationary battery storage in the United Kingdom is a USD 3.18 billion industry. Despite its massive size, the industry faces numerous challenges that slow down its growth process.
| 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.
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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) | USD 341.8 million |
| Projected Industry Size (2033) | USD 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 (USD million) and Volume (KW) |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Battery Type, Energy Capacity, Application, Countries |
| Countries Covered | England, Scotland, Wales, Northern Ireland |
| Key Companies Profiled | Centrica; Ecotricity; RES (Renewable Energy Systems); Belectric United Kingdom; Zenob Energy; GRIDSERVE Sustainable Energy Ltd; Anesco; Eelpower; Moixa; Connected Energy; Lithium Werks; Powerstar; Virtuoso Energy; Powervault; GRIDSERVE Sustainable Energy Ltd; Belectric United Kingdom; OVO Energy; Ecotricity; KiWi Power |
The United Kingdom stationary battery storage sales was valued at USD 282.8 million in 2022.
The United Kingdom stationary battery storage sales is set to reach USD 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 USD 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 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Battery Type 9.1. Lithium-Ion 9.2. Sodium Sulphur 9.3. Lead Acid 9.4. Flow Battery 9.5. Other Batteries 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Energy Capacity 10.1. Up to 250Kwh 10.2. 251kWh to 1MWh 10.3. 1.1MWh to 10MWh 10.4. 10.1 MWh to 20 MWh 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 11.1. Utility & Grid 11.1.1. Renewable Energy Integration 11.1.2. Grid Stabilization and Frequency Regulation 11.1.3. Transmission and Distribution Grid 11.1.4. Microgrids 11.1.5. Remote and Off-grid 11.1.6. Others 11.2. Commercial and Industrial 11.2.1. Commercial Buildings 11.2.2. Data Centers 11.2.3. Government and Public Sector 11.2.4. Defense and Military 11.2.5. Industrial and Manufacturing 11.2.6. Others 11.3. Residential 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. England 12.2. Scotland 12.3. Wales 12.4. Northern Ireland 13. England Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Scotland Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Wales Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Northern Ireland Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Market Structure Analysis 18. Competition Analysis 18.1. Centrica 18.2. RES 18.3. EON UK 18.4. Zenob Energy 18.5. KiWi Power 18.6. Anesco 18.7. Eelpower 18.8. Moixa 18.9. Connected Energy 18.10. Lithium Werks 18.11. Powerstar 18.12. Virtuoso Energy 18.13. Powervault 18.14. GRIDSERVE Sustainable Energy Ltd 18.15. Belectric UK 18.16. OVO Energy 18.17. Ecotricity 19. Assumptions and Acronyms Used 20. Research Methodology
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Stationary Battery Storage Industrial Analysis in United Kingdom
