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% |
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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 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:
Principal Consultant
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.
| 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) | 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 | 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 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
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Stationary Battery Storage Industrial Analysis in United Kingdom
