According to the research report titled ‘Global Stationary Lithium-Ion Battery Market 2022-2028’, available with MarketStudyReport, global stationary lithium-ion battery market is estimated to be worth USD 9,498 million by the end of 2028, registering a CAGR of 12.7% during the analysis timeframe.

The expansion of global stationary lithium-ion battery market is backed by factors like a favorable regulatory framework, rising demands for non-conventional power generation, huge capital investments by public & private players leading to growth in the renewable energy sector, and increasing photovoltaic (PV) system installations in residential & commercial segments.

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For those unaware, in present times, li-ion battery technology seems to have the highest energy density of all the state-of-the-art energy storage systems, making it useful for several end-use applications.

Moreover, the growing percentage of smart & self-sustained infrastructures, along with properties like longer shelf life and high endurance make li-ion battery a preferred choice for energy storage, thus fueling industry development.

Besides an extensive evaluation of the market situation, the research report also enlists the constraints and bottlenecks prevailing in the business sphere, as well as the plausible alternatives that can assist investors in generating better profits.

On top of that, the study consists of an in-depth assessment of market size, key trends, and competitive scenarios. It also explores the influence of the COVID-19 outbreak on the overall industry growth.

Based on end-users, worldwide stationary lithium-ion battery market is segmented into utilities, power & energy, telecommunications, industrial, residential, commercial, data centers, and others.

Moving on, the major regional markets analyzed in the report are North America, Europe, and Asia Pacific. Details about the growth opportunities and existing trends in these economies are entailed in the document. 

Regarding the competitive panorama, the document examines the profiles of top-notch players in global stationary lithium-ion battery industry including Northvolt AB, Sungrow Power Supply Co., Ltd., Hitachi Chemical Co., Ltd., Samsung Electronics Co., Ltd., LG Chem Ltd., Doosan Corporation, BYD Co., Ltd., SK Innovation Co., Ltd., Panasonic Corporation, Contemporary Amperex Technology Co., Limited, and GS Yuasa Corporation among others.