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How Stationary Battery Storage Will Become a $1.57 Trillion Market by 2034: Key Drivers and Opportunities




NEWARK, Del., Feb. 7, 2024 /PRNewswire/ — Future Market Insights, Inc.’s latest report illuminates the burgeoning stationary energy storage market, which is primed for significant expansion due to a critical need for reliable energy solutions. illuminate your path to success in the dynamic world of stationary energy storage market research report.



The global stationary battery storage market size is projected to reach US$ 123.14 billion in 2024. The sales of stationary battery storage are expected to witness a robust CAGR of 29.0% from 2024 to 2034. The demand for stationary battery storage is anticipated to reach a valuation of US$ 1,571.48 billion by 2034.

Request Exclusive Sample Report: Stationary Battery Storage Industry Strategic Insights, 


The stationary energy storage market is expected to increase significantly due to the growing need for dependable energy storage solutions. The market growth of stationary battery storage is predicted to be fueled by factors such as the increasing use of renewable energy sources, grid modernization initiatives, and the increased emphasis on energy efficiency.

The economic potential and adoption of stationary battery storage systems are increasing across several industries, including commercial, industrial, and residential, due to advancements in battery technology and falling costs. The stationary battery storage industry gains momentum due to government regulations that support renewable energy and carbon emission reduction programs.

Issues like regulatory uncertainty and worries about battery safety and recycling must be resolved for the stationary battery storage market to flourish. The market is anticipated to thrive rapidly, providing opportunities for stationary battery storage producers.

“With the increasing need for dependable energy storage solutions, the demand for stationary battery storage keeps advancing. Technological advancements, expanding initiatives to integrate renewable energy, and grid modernization present significant opportunities for the expansion of the market.”, opines Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Regional Outlook


Due to its ambitious renewable energy objectives, rapid industrialization, and ambitious renewable energy objectives, China leads the Asia Pacific stationary energy storage market. Growing energy storage and grid stability demand in nations like Australia and Japan propels the Asia Pacific stationary battery storage market.

The widespread adoption of renewable energy sources and electric vehicles is fueling a notable increase in fixed battery storage installations in North America. The United States leads the North American stationary battery storage market due largely to state-level renewable energy regulations and energy storage deployment incentives. Owing to strict environmental laws and aggressive renewable energy targets, Europe has become a significant stationary energy storage market. The expansion is stimulated by supportive regulations, such as subsidies and incentives, that encourage the use of energy storage.

Key Takeaways 

  • The lithium-ion segment in the battery type category to grab a share of 90.5% from 2024 to 2034.
  • In the energy capacity category, the 251kWh to 1MWh segment to acquire a market share of 30.6% between 2024 and 2034.
  • The sales of stationary battery storage in the United States are anticipated to surge at a CAGR of 32.4% by 2024.
  • Germany stationary energy storage market is likely to evolve at a CAGR of 28.8% through 2024.
  • China stationary energy storage market is expected to soar at a CAGR of 33.4% until 2034.
  • India stationary battery storage industry is anticipated to boost at a CAGR of 30.35% by 2024.
  • Australia stationary energy storage market is envisioned to develop at a CAGR of 21.2% by 2024.

Competitive Landscape

Many prominent stationary energy storage manufacturers fight for dominance in the fiercely competitive market. The stationary energy storage vendors are strengthening their positions by concentrating on technology improvements, regional expansion, and strategic alliances. Leading stationary energy storage providers are actively involved in research and development to offer novel solutions and obtain a competitive edge in this fast-paced and shifting market.

Pivotal Stationary Battery Storage Manufacturers

  •  Tesla
  • Durapower Group
  • Johnson Controls
  • Exide Technologies
  • Duracell, Inc
  • BYD Company Ltd
  • Toshiba Corporation
  • Samsung SDI Co., Ltd
  • Panasonic Corporation
  • GS Yuasa International Ltd
  • A123 Systems, LLC
  • LG Chem Ltd.
  • Furukawa Battery Co., Ltd.
  • HydraRedox
  • Narada Power Source Co. Ltd
  • Siemens
  • Lockheed Martin Corporation
  • CMBlu Energy AG
  • JenaBatteries GmbH
  • SCHMID Group

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

Recent Developments

  • BYD Company Ltd. declared in May 2022 that it intended to acquire six lithium-ion mines in Africa to improve its standing in the lithium-ion technology industry and provide the corporation with a significant global footprint in the stationary lithium-ion battery storage market.
  • Tesla installed 1,274MWh of storage and 85MW of solar in 2021. Large-scale battery storage initiatives accounted for an extensive growth in storage installations, while household storage deployments also rose annually.

Stationary Battery Storage Industry Segmentation

By Battery Type:

  • Lithium-Ion
    • Lithium Iron Phosphate
    • Nickel Manganese Cobalt
  • Sodium Sulphur
  • Lead Acid
  • Flow Battery
  • Other Batteries

By Energy Capacity:

  • Up to 250Kwh
  • 251kWh to 1MWh
  • 1.1MWh to 10MWh
  • 10.1 MWh to 20 MWh

By Application:

  • Grid Services
    • Frequency Regulation
    • Flexible Ramping
    • Black Start Services
    • Energy Shifting and Capacity Deferral
    • T&D Congestion Relief
    • Capacity Firming
    • Reduced RE Curtailment
    • Reduced Reliance on Diesel Gensets
  • Behind the Meter
    • Electricity Consumers
    • System Operation
    • Mini-Grids
  • Off Grid

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

Request to Access the Detail Research Methodology from here!

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.


Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI’s Extensive Coverage in the Materials and Chemicals Domain:

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
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Invitation to presentation of EQT AB’s Q1 Announcement 2024




STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting


The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision


The following files are available for download:

Invitation to presentation of EQT AB’s Q1 Announcement 2024,c3285895


EQT AB Group


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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs



  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”


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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update




VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.


BioVaxys Technology Corp. (, a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit and connect with us on X and LinkedIn.


Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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