UAE Stationary Battery Storage Market

Energy storage is a storage device that is designed for accepting electrical energy from the grid and then converting it into that energy form, which is suitable for storage. High capacities batteries are used for grid stability as a backup source to offer uninterrupted power supply in case of emergency or during a power outage. Stationary battery storage is used in several applications such as emergency power, local energy storage, uninterrupted power supply (UPS), among others.

To have the edge over the competition by knowing the market dynamics and current trends of “UAE Stationary Battery Storage Market,” request for Sample Report here

The major factors that are driving the growth of the UAE Stationary Battery Storage market includes the growing demand for reliable power supply and energy-efficient power networks, favorable government initiatives related to clean energy generation and the upcoming mega projects such as Sodium sulfur plant in Abu Dhabi, Dubai Expo 2020, and other projects in the UAE. The UAE is focusing on increasing power generating capacity to meet growing energy demand, which is fuelling the growth of the market. For instance, the Dubai Clean Energy Strategy aims to deliver 7% of Dubai’s energy from clean energy sources by 2020. The growing number of renewable energy generation projects across the country, such as Sweihan Photovoltaic Independent Power Project, 2 GW photovoltaic project in UAE, 500-MW solar project, Barakah nuclear power plant among others are further contributing in the growth of the market to meet the increasing power demand. Moreover, various government initiatives such as the development of smart cities such as smart Dubai, smart Abu Dhabi, smart Sharjah, among others, are increasing the demand for uninterrupted power supply. Thus, resulting in the rise in demand for stationary battery storage to store energy in batteries to sever the energy demand in the future. Furthermore, easy availability and low cost of raw materials are also boosting the growth of the market. However, the safety concern associate with stationary battery storage may hamper the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the Battery, the sodium-sulfur is expected to grow at a higher CAGR in the market during the forecast period owing to the rising adoption of sodium-sulfur batteries in upcoming mega projects in powerplants. For instance, UAE has the world’s largest sodium-sulfur battery plant of 108 MW/648 MWh, located in Abu Dhabi. In addition to this, the sodium-sulfur battery offers various benefits such as high density, long lifespan, and high efficiency of charge or discharge. It operates at a high temperature of around 300 degrees Celsius and uses liquid sodium and sulfur.

Based on the application, the local energy storage segment is projected to grow at a higher CAGR in the market during the forecast period owing to the growing demand for electricity in UAE and increasing the adoption of renewable energy sources for power generation. The increasing investment in renewable energy projects, which includes solar and wind projects in the UAE to meet energy demand is boosting the growth of the market. Additionally, growing advancement in battery technologies along with shifting towards clean energy also fuels the growth of the market. Moreover, various mega-project such as Vision 2030, smart city, the red sea project, and among others, are further increasing demand for local energy storage.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Various notable players in the Stationary Battery Storage market include Toshiba Corporation, NGK Insulators Ltd., Masdar, BYD Company Ltd., LG Chem, Samsung SDI, Tesla Inc., Johnson Controls, MAN Energy Solutions Middle East LLC, and among others.

Key Development:

• • In 2018, NGK Insulators entered into a contract of 1.2 MW/7.2MWh NAS battery for the use of energy storage.

The UAE Stationary Battery Storage market has been segmented based on the Battery and application. Based on the Battery, the market is segmented into Lithium-ion, Sodium Sulphur, Lead Acid, and among Others. Based on the application, the market is segmented into Emergency Power, Communication Base Station, Local Energy Storage, Uninterruptable Power Supply (UPS), and Others. Communication Base Station is further segmented into Lithium-ion, Sodium Sulphur, Lead Acid, and Others.

For detailed scope of the “UAE Stationary Battery Storage Market” report request a Sample Copy of the report

Key questions answered in this research report:

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

Market Segmentation:

UAE Stationary Battery Storage Market by Battery

• • Lithium-ion
  • Sodium Sulphur
  • Lead Acid
  • Others

UAE Stationary Battery Storage Market by Application

• • Grid Service
  • Behind the Grid
  • Off Grid

Leading Market Players (Option: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Toshiba Corporation
  • NGK Insulators Ltd.
  • Masdar
  • BYD Company Ltd.
  • LG Chem
  • Samsung SDI
  • Tesla Inc.
  • Johnson Controls
  • MAN Energy Solutions Middle East LLC