The primary objective of the market report by GMI Research is to help the users understand the market scenario in terms of its definition, segmentation, drivers, opportunities, market trends, and the challenges that the market is facing. This report focuses on the market, especially in MEA region including UAE, Saudi Arabia, Oman, Kuwait, and Rest of the MEA region.

Key Drivers of the MEA Stationary Battery Storage Market:

The strong demand for energy-efficient power network, expansion of communication network, rising technological advancements, accelerating demand for the lithium-ion technology in the renewable energy industry, favorable government initiatives regarding the clean energy generation, and numerous upcoming mega projects such as Sodium sulfur plant in Abu Dhabi are the major factors that are responsible for the growth of the MEA Stationery Battery Storage market size. As compared to the high-quality rechargeable batteries, lithium-ion batteries have a high energy density and provide large amounts of current for high power applications. They require low maintenance and do not need scheduled cycling for its maintenance. Thus, these batteries are considered for the renewable energy industry for various purposes, including electric vehicles, for storage of solar and wind energy, and for the storage of off-grid renewable energy. Thus, the strong demand for the lithium-ion technology in renewable energy industry is surging the growth of the market in this region.

Within a few years, the MEA region has experienced an upsurge in the population rate and economy, which has boosted the demand for power and energy. Therefore, the countries in the region are emphasizing on the development of renewable and interconnected energy networks, which enables cross border power exchange to fulfill energy demand. In addition to this, the government of the region is also focusing on a reliable and cost-effective power supply for different applications, which will further drive the demand of the market.

List of Top Leading Manufacturers/Key-Players of the MEA Stationary Battery Storage Market:

Variousnotable players in the market include SAMSUNG SDI CO., LTD., Hitachi Ltd., Siemens AG, Panasonic Corporation, ABB Ltd, LG Chem Ltd., NEC Corporation, GE Company, AEG Power Solutions BV, and The NGK Spark Plug Co., Ltd., among others.

Segmentation of the MEA Stationary Battery Storage Market:

Thestudy’s objective is to define MEA Stationery Battery Storage market sizes of different segments & countries in recent years and predict the values in the coming six years. The detailed segments and sub-segments of the market are explained below:

Segment by Elements:

Battery
Hardware
Others
Segment by Type:

Lithium-ion
Sodium Sulphur
Advanced Lead Acid
Flow Batteries
Others
Segment by Connection:

On Grid
Off Grid
Segment by Ownership:

Customer Owned
Third-Party Owned
Utility Owned
Segment by Application:

Residential
Non-Residential
Utilities
Others
Segment by Countries:

UAE
Saudi Arabia
Oman
Kuwait
Rest of the MEA

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