Stationary Battery Storage Industrial Analysis in United Kingdom

Stationary Battery Storage Industry Outlook from 2023 to 2033

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%

Key Highlights

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:

• The growing demand for energy resilience and the need for uninterrupted power supply across diverse industries, including manufacturing, data centers, defense and remote and off-grid.
• Industrial automation, increasing demand for energy-efficient furnaces, and stricter environmental regulations.
• The need for advanced heat treatment processes in sectors like automotive, aerospace, and manufacturing
• Advancements in stationary battery storage technologies, improved fuel efficiency, and the rising focus on sustainable power solutions

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.

Key Drivers for the Surging Demand for Stationary Battery Storages in the United Kingdom

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:

• Commercial and industrial facilities use battery storage for peak shaving, which involves storing energy during low-demand periods and using it during high-demand periods. This reduces electricity costs and helps manage peak load on the grid.
• Government policies, incentives, and regulations play a crucial role in driving demand for stationary battery storage. In some regions, subsidies and favorable net metering policies encourage homeowners and businesses to invest in energy storage systems.
• With extreme weather events' growing frequency and intensity, grid resilience has become a priority. Battery storage systems provide a solution for maintaining power supply during blackouts and grid failures, which has led to increased demand for residential and commercial energy storage solutions.
• The country is prone to natural disasters like typhoons, earthquakes, and floods. Stationary battery storage becomes crucial in these areas to provide backup power during emergencies and help maintain essential services.
• The expanding information technology (IT) and telecommunications sector in countries like England and Scotland contribute significantly to the demand for reliable power sources, driving the adoption of stationary battery storage in data centers and communication facilities.

Key Factors Restraining Stationary Battery Storage Industry Growth in the United Kingdom

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.

• Despite the clear benefits of battery storage technology, a complex web of regulations, historic energy policies, and evolving safety standards can pose formidable obstacles.
• High initial costs of implementing energy storage systems, including purchasing and installing batteries and associated technologies, can deter small-scale businesses from opting for battery storage solutions.
• The existing grid infrastructure and capacity constraints act as a hindrance to the widespread adoption of stationary battery storage. Besides this, technological limitations and overall efficiency adversely affect the industry.
• Widespread concerns in the general population and businesses related to land use, carbon footprint, and sustainability of stationary battery storage manufacturers have created negative public perceptions about the industry.

Category-wise Insights

Dominance of Utility and Grid in the United Kingdom Stationary Battery Storage Industry

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.

Demand for Stationary Battery Storage to Remain High for Lithium-ion Battery Type

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.

Competitive Landscape

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

• In July 2023, Centrica built the largest battery storage project. Centrica Business Solutions has secured the development rights to a 65MW two-hour battery storage plant in Perthshire, Scotland, its largest battery storage acquisition.
• In May 2023, Centrica announced its first battery storage development outside the United Kingdom, Centrica Business Solutions has started work on a 24MW battery storage facility in Ostend.
• In September 2019, OVO Energy acquired SSE Energy Services. SSE Energy Services is one of the leading renewable electricity generators and one of the largest electricity network companies in the United Kingdom.

Stationary Battery Storage Industry Research Scope

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

Table of Content

• 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