MENA Stationary Battery Storage Market

MENA Stationary battery storage is a type of system which has the ability to store energy and release it in the form of electricity whenever required. Batteries and the electronic control system are considered as the major components of the storage system. The battery stores the energy in the form of chemical energy and the electronic control system controls the batteries.

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The key factors that are fuelling the growth of the MENA stationary battery storage market include the rising penetration of renewable energy across several countries such as the UAE, Saudi Arabia, and other countries, along with the growing consumption of energy which is leading to an increase in the demand & production of electricity. In addition to this, the rising government initiatives related to the use of sustainable energy sources is leading to an increase in the adoption of stationary battery storage and the rising implementation of grid-scale and behind-the-meter batteries are some other key factors bolstering the growth of the stationary battery storage market in the MENA region. Several research & development activities in battery technology and technological advancements in the battery to enhance their performance are further thriving various growth opportunities for the stationary battery storage in the MENA market during the forecast period.

Moreover, the declining cost of the batteries, along with the several announcements of energy storage projects and the rising demand for the new infrastructure to modernize and expand the grid, are certain factors proliferating the growth of the MENA stationary battery storage market. The significant factors that are responsible for restraining the growth of the MENA stationary battery storage market include the lack of familiarity with the storage technology, high upfront costs, and the lack of experienced & skilled technicians to operate and maintain these systems.

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Based on the battery, the Lithium-Ion segment is anticipated to increase at a higher CAGR during the forecast period owing to the high adoption of this type of battery across several application areas as a result of its several advantages such as lightweight, better performance, low self-discharge rate, along with enhanced power efficiency and longer charge retention feature. Furthermore, various technological advancements to improve the ability to the battery technology and declining costs of the battery are some other key factors surging the demand for lithium-ion battery in the market.

Based on the application, the Emergency Power segment is expected to grow at a higher CAGR over the forecast period due to the increasing incidences of frequent power outages, which is leading to the rising demand for the emergency power across the residential and commercial areas.

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Based on the countries, the UAE is anticipated to grow at a higher compound annual growth rate during the forecast period owing to the increasing adoption of renewable energy and various government initiatives for the adoption of clean energy in this region. In addition to this, the increasing number of projects for the use of sustainable energy and reduction in the cost of the battery has further created several growth opportunities for the stationary energy storage in the market in UAE.

Various notable players operating in the market include The NGK Spark Plug Co., Ltd., Siemens AG, AEG Power Solutions BV, Hitachi, Ltd., Samsung SDI, GE Company, Panasonic Corporation, NEC Corporation, LG Chem Ltd., ABB Ltd, among others.

Key Developments: 

• • In 2020, Masdar entered into a joint venture with Infinite Energy to develop renewable energy projects in Egypt. Through this joint venture, the companies aim to enhance energy access while boosting economic development in the country.

The MENA stationary battery storage market has been segmented on the basis of battery, application, and countries. 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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Key questions answered in this research report:

• • At what pace is the MENA stationary battery storage market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the MENA stationary battery storage market? What will be the impact of drivers and restraints in the future?
  • Which battery generated maximum revenues in 2019 and identify the most promising battery during the forecast period?
  • What are the various application areas of the MENA stationary battery storage market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

MENA Stationary Battery Storage Market by Battery

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

MENA Stationary Battery Storage Market by Application

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

MENA Stationary Battery Storage Market by Countries

• • UAE MENA Stationary Battery Storage Market All-Up (Option 1: Free 25% customization)
  • Saudi Arabia MENA Stationary Battery Storage Market All-Up (Option 2: Free 25% Customization)
  • Egypt MENA Stationary Battery Storage Market All-Up (Option 3: Free 25% Customization)
  • Morocco MENA Stationary Battery Storage Market All-Up (Option 4: Free 25% Customization)
  • Rest of MENA Stationary Battery Storage Market All-Up (Option 5: Free 25% Customization)

MENA Stationary Battery Storage Leading Market Players (Option 6: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • The NGK Spark Plug Co., Ltd.
  • Siemens AG
  • AEG Power Solutions BV
  • Hitachi, Ltd.
  • Samsung SDI
  • GE Company
  • Panasonic Corporation
  • NEC Corporation
  • LG Chem Ltd.
  • ABB Ltd