Egypt Stationary Battery Storage Market

Egypt Stationary Battery Storage Market Overview

A stationary energy storage system is used to store energy and release it in the form of electricity whenever it is required. The stationery battery storge systems are being increasingly used in different applications such as to reduce the commercial power prices, to increase solar self-consumption in private homes, and various other purposes.

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Major Egypt Stationary Battery Storage Market Drivers

The Egypt stationery battery storage market is expected to experience an upsurge in demand over the next six years. This is mainly due to the growing usage of renewable energy resources in different upcoming projects in the country. Egypt is one of the most popular countries in North Africa and the Arab region are home to one of the fastest-growing populations around the world. The reduction in the costs for renewable power technologies and their increased deployments have surged the growth of the renewable energy sector. The constant growth in the renewable energy sector is another factor that is contributing to the growth of the market.

Various utility-scale projects such as the large storage systems designed for power applications, which need high power over a relatively short period of time and for energy-intensive applications, such as for shifting the renewable generation to align with times of high demand which need large amounts of energy, will further drive the demand of the market. The strong demand for flexible power systems, the extension of grid and production of infrastructure, optimization of sources of power supply and suitable quality and dependability of power supply, are certain other factors that will surge the growth of the market. Additionally, the increasing amount of investments to expand power plant capacity and related infrastructure, followed by the surge in the electricity demand will propel the growth of the Egypt Stationary Energy Storage Market.

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Based on the battery, the market is segmented into lithium-ion, sodium sulphur, advanced lead acid, flow batteries, and others. The sodium sulphur batteries segment is anticipated to grow at a higher CAGR during the forecast period. This is mainly due to the improved energy stability property across ancillary services such as, microgrids and distribution & transmission network. Furthermore, the numerous advantages of product such as lower cost, a higher level of stability, safe operation, and energy-efficient density, is further accelerating the demand of the segment.

On the basis of application, the market is segmented into emergency power, communication base station, local energy storage, remote relay station, uninterruptible power supplies (UPS). Among these, the local energy storage segment is predicted to witness a faster CAGR during the forecast period. The accelerating adoption of renewable energy such as wind and solar energy and the increasing government investment to meet high energy demand are the two key drivers that are responsible for the growth of the segment.

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The Egypt Stationary Battery Storage Market has been segmented on the basis of battery, application. Based on the battery, the market is segmented into sodium sulphur, lithium-ion, flow batteries, lead acid, and others. Based on the application, the market is segmented into communication base station, emergency power, remote relay station, local energy storage, and uninterruptible power supplies (UPS)).

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Market Segmentation

Egypt Stationary Battery Storage Market by Battery

• • Sodium Sulphur
  • Lithium-Ion
  • Flow Batteries
  • Lead Acid
  • Others

Egypt Stationary Battery Storage Market by Application

• • Communication Base Station
  • Emergency Power
  • Remote Relay Station
  • Local Energy Storage
  • Uninterruptible Power Supplies (UPS)