Grid-Scale Battery Market Size, Share & Industry Analysis, By Battery Chemistry (Lead-acid, Sodium-based, Redox Flow, Lithium-ion, and Others), By Ownership (Third-party Owned, Utility Owned), By Application (Renewables, Peak Shifting, Ancillary Services, Backup Power, and Others), and Regional Forecasts, 2026-2034

Last Updated: January 19, 2026 | Format: PDF | Report ID: FBI101304

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Table of Content

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions and Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Emerging Trends
2. Latest Technological Advancement
3. Insight on Regulatory Landscape
4. Porters Five Forces Analysis
5. Impact of COVID-19 on the Grid-Scale Battery Market
Global Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
5. Market Analysis, Insights and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Rest of the World
North America Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
5. Market Analysis, Insights and Forecast – By Country
  1. U.S.
  2. Canada
Europe Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
5. Market Analysis, Insights and Forecast – By Country
  1. UK
  2. Germany
  3. Italy
  4. Rest of Europe
Asia Pacific Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
5. Market Analysis, Insights and Forecast – By Country
  1. China
  2. Japan
  3. Australia
  4. South Korea
  5. Rest of Asia-Pacific
Rest of the World Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
Competitive Analysis
1. Company Market Share Analysis, 2025
2. Company Profile
  1. Samsung SDI CO.,LTD.
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  2. NGK INSULATORS, LTD.
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  3. BYD Company Ltd
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  4. General Electric
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  5. Redflow Limited
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  6. Ambri Inc
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  7. VRB Energy
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  8. 24M Technologies
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  9. Lockheed Martin Corporation
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  10. FZSONICK SA
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  11. KORE Power, Inc.
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development

Introduction
1. Research Scope
2. Market Segmentation
3. Research Methodology
4. Definitions and Assumptions
Executive Summary
Market Dynamics
1. Market Drivers
2. Market Restraints
3. Market Opportunities
Key Insights
1. Key Emerging Trends
2. Latest Technological Advancement
3. Insight on Regulatory Landscape
4. Porters Five Forces Analysis
5. Impact of COVID-19 on the Grid-Scale Battery Market
Global Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
5. Market Analysis, Insights and Forecast – By Region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Rest of the World
North America Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
5. Market Analysis, Insights and Forecast – By Country
  1. U.S.
  2. Canada
Europe Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
5. Market Analysis, Insights and Forecast – By Country
  1. UK
  2. Germany
  3. Italy
  4. Rest of Europe
Asia Pacific Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
5. Market Analysis, Insights and Forecast – By Country
  1. China
  2. Japan
  3. Australia
  4. South Korea
  5. Rest of Asia-Pacific
Rest of the World Grid-Scale Battery Market Analysis (USD Billion), Insights and Forecast, 2021-2034
1. Key Findings / Summary
2. Market Analysis, Insights and Forecast – By Battery Chemistry
  1. Lead-acid
  2. Sodium-based
  3. Redox Flow
  4. Lithium-ion
  5. Others
3. Market Analysis, Insights and Forecast – By Ownership
  1. Third-Party Owned
  2. Utility Owned
4. Market Analysis, Insights and Forecast – By Application
  1. Renewables
  2. Peak Shifting
  3. Ancillary Services
  4. Backup Power
  5. Others
Competitive Analysis
1. Company Market Share Analysis, 2025
2. Company Profile
  1. Samsung SDI CO.,LTD.
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  2. NGK INSULATORS, LTD.
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  3. BYD Company Ltd
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  4. General Electric
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  5. Redflow Limited
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  6. Ambri Inc
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  7. VRB Energy
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  8. 24M Technologies
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  9. Lockheed Martin Corporation
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  10. FZSONICK SA
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development
  11. KORE Power, Inc.
    1. Business Overview
    2. Product & Service Offering
    3. Overall Revenue
    4. Recent Development

Read Less

List of Figures

Figure 1 : Global Grid-Scale Battery Market Revenue Breakdown (USD Billion, %) by Region, 2025 & 2034

Figure 2 : Global Grid-Scale Battery Market Value Share (%), By Battery Chemistry, 2025 & 2034

Figure 3 : Global Grid-Scale Battery Market Forecast (USD Billion), by Lead-acid, 2021-2034

Figure 4 : Global Grid-Scale Battery Market Forecast (USD Billion), by Sodium-based, 2021-2034

Figure 5 : Global Grid-Scale Battery Market Forecast (USD Billion), by Redox Flow, 2021-2034

Figure 6 : Global Grid-Scale Battery Market Forecast (USD Billion), by Lithium-ion, 2021-2034

Figure 7 : Global Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 8 : Global Grid-Scale Battery Market Value Share (%), By Ownership, 2025 & 2034

Figure 9 : Global Grid-Scale Battery Market Forecast (USD Billion), by Third-Party Owned , 2021-2034

Figure 10 : Global Grid-Scale Battery Market Forecast (USD Billion), by Utility Owned, 2021-2034

Figure 11 : Global Grid-Scale Battery Market Value Share (%), By Application, 2025 & 2034

Figure 12 : Global Grid-Scale Battery Market Forecast (USD Billion), by Renewables, 2021-2034

Figure 13 : Global Grid-Scale Battery Market Forecast (USD Billion), by Peak Shifting, 2021-2034

Figure 14 : Global Grid-Scale Battery Market Forecast (USD Billion), by Ancillary Services, 2021-2034

Figure 15 : Global Grid-Scale Battery Market Forecast (USD Billion), by Backup Power, 2021-2034

Figure 16 : Global Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 17 : Global Grid-Scale Battery Market Value (USD Billion), by Region, 2025 & 2034

Figure 18 : Global Grid-Scale Battery Market Share (%), by Region, 2025

Figure 19 : North America Grid-Scale Battery Market Value Share (%), By Battery Chemistry, 2025 & 2034

Figure 20 : North America Grid-Scale Battery Market Forecast (USD Billion), by Lead-acid, 2021-2034

Figure 21 : North America Grid-Scale Battery Market Forecast (USD Billion), by Sodium-based, 2021-2034

Figure 22 : North America Grid-Scale Battery Market Forecast (USD Billion), by Redox Flow, 2021-2034

Figure 23 : North America Grid-Scale Battery Market Forecast (USD Billion), by Lithium-ion, 2021-2034

Figure 24 : North America Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 25 : North America Grid-Scale Battery Market Value Share (%), By Ownership, 2025 & 2034

Figure 26 : North America Grid-Scale Battery Market Forecast (USD Billion), by Third-Party Owned , 2021-2034

Figure 27 : North America Grid-Scale Battery Market Forecast (USD Billion), by Utility Owned, 2021-2034

Figure 28 : North America Grid-Scale Battery Market Value Share (%), By Application, 2025 & 2034

Figure 29 : North America Grid-Scale Battery Market Forecast (USD Billion), by Renewables, 2021-2034

Figure 30 : North America Grid-Scale Battery Market Forecast (USD Billion), by Peak Shifting, 2021-2034

Figure 31 : North America Grid-Scale Battery Market Forecast (USD Billion), by Ancillary Services, 2021-2034

Figure 32 : North America Grid-Scale Battery Market Forecast (USD Billion), by Backup Power, 2021-2034

Figure 33 : North America Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 34 : North America Grid-Scale Battery Market Value (USD Billion), by Country, 2025 & 2034

Figure 35 : North America Grid-Scale Battery Market Share (%), by Country, 2025

Figure 36 : Europe Grid-Scale Battery Market Value Share (%), By Battery Chemistry, 2025 & 2034

Figure 37 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Lead-acid, 2021-2034

Figure 38 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Sodium-based, 2021-2034

Figure 39 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Redox Flow, 2021-2034

Figure 40 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Lithium-ion, 2021-2034

Figure 41 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 42 : Europe Grid-Scale Battery Market Value Share (%), By Ownership, 2025 & 2034

Figure 43 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Third-Party Owned , 2021-2034

Figure 44 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Utility Owned, 2021-2034

Figure 45 : Europe Grid-Scale Battery Market Value Share (%), By Application, 2025 & 2034

Figure 46 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Renewables, 2021-2034

Figure 47 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Peak Shifting, 2021-2034

Figure 48 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Ancillary Services, 2021-2034

Figure 49 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Backup Power, 2021-2034

Figure 50 : Europe Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 51 : Europe Grid-Scale Battery Market Value (USD Billion), by Country, 2025 & 2034

Figure 52 : Europe Grid-Scale Battery Market Share (%), by Country, 2025

Figure 53 : Asia-Pacific Grid-Scale Battery Market Value Share (%), By Battery Chemistry, 2025 & 2034

Figure 54 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Lead-acid, 2021-2034

Figure 55 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Sodium-based, 2021-2034

Figure 56 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Redox Flow, 2021-2034

Figure 57 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Lithium-ion, 2021-2034

Figure 58 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 59 : Asia-Pacific Grid-Scale Battery Market Value Share (%), By Ownership, 2025 & 2034

Figure 60 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Third-Party Owned , 2021-2034

Figure 61 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Utility Owned, 2021-2034

Figure 62 : Asia-Pacific Grid-Scale Battery Market Value Share (%), By Application, 2025 & 2034

Figure 63 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Renewables, 2021-2034

Figure 64 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Peak Shifting, 2021-2034

Figure 65 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Ancillary Services, 2021-2034

Figure 66 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Backup Power, 2021-2034

Figure 67 : Asia-Pacific Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 68 : Asia-Pacific Grid-Scale Battery Market Value (USD Billion), by Country, 2025 & 2034

Figure 69 : Asia-Pacific Grid-Scale Battery Market Share (%), by Country, 2025

Figure 70 : Rest of the World Grid-Scale Battery Market Value Share (%), By Battery Chemistry, 2025 & 2034

Figure 71 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Lead-acid, 2021-2034

Figure 72 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Sodium-based, 2021-2034

Figure 73 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Redox Flow, 2021-2034

Figure 74 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Lithium-ion, 2021-2034

Figure 75 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 76 : Rest of the World Grid-Scale Battery Market Value Share (%), By Ownership, 2025 & 2034

Figure 77 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Third-Party Owned , 2021-2034

Figure 78 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Utility Owned, 2021-2034

Figure 79 : Rest of the World Grid-Scale Battery Market Value Share (%), By Application, 2025 & 2034

Figure 80 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Renewables, 2021-2034

Figure 81 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Peak Shifting, 2021-2034

Figure 82 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Ancillary Services, 2021-2034

Figure 83 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Backup Power, 2021-2034

Figure 84 : Rest of the World Grid-Scale Battery Market Forecast (USD Billion), by Others, 2021-2034

Figure 85 : Company Market Share Analysis (%), 2025

List of Tables

Table 1: Global Grid-Scale Battery Market Revenue (USD Billion) Forecast, by Battery Chemistry, 2021-2034

Table 2: Global Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Ownership, 2021-2034

Table 3: Global Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Application, 2021-2034

Table 4: Global Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Region, 2021-2034

Table 5: North America Grid-Scale Battery Market Revenue (USD Billion) Forecast, by Battery Chemistry, 2021-2034

Table 6: North America Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Ownership, 2021-2034

Table 7: North America Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Application, 2021-2034

Table 8: North America Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Country, 2021-2034

Table 9: Europe Grid-Scale Battery Market Revenue (USD Billion) Forecast, by Battery Chemistry, 2021-2034

Table 10: Europe Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Ownership, 2021-2034

Table 11: Europe Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Application, 2021-2034

Table 12: Europe Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Country, 2021-2034

Table 13: Asia Pacific Grid-Scale Battery Market Revenue (USD Billion) Forecast, by Battery Chemistry, 2021-2034

Table 14: Asia Pacific Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Ownership, 2021-2034

Table 15: Asia Pacific Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Application, 2021-2034

Table 16: Asia Pacific Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Country, 2021-2034

Table 17: Rest of the World Grid-Scale Battery Market Revenue (USD Billion) Forecast, by Battery Chemistry, 2021-2034

Table 18: Rest of the World Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Ownership, 2021-2034

Table 19: Rest of the World Grid-Scale Battery Market Revenue (USD Billion) Forecast, By Application, 2021-2034

STUDY PERIOD: 2021-2034
BASE YEAR: 2025
HISTORICAL DATA: 2021-2024
NO OF PAGES: 181

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