Substation Batteries Market Research Report - Global Forecast to 2027

Substation Batteries Market Research Report: Information by Type (Lead Acid Batteries (Sealed Batteries & Vented Batteries) and Nickel Cadmium Batteries), and Region (APAC, Europe, North America, South America, and Middle East & Africa) – Forecast till 2027

ID: MRFR/E&P/0428-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2018-2024 to 2020-2027. Cordially fill Sample form for updated data.

Market Scenario


Substation batteries are used to supply stored energy for operation of substation protective relays and control. These batteries are always charged up through self-regulated battery chargers that are set to maintain a specific DC bus voltage. Substation battery is considered as an integral part of a substation as the failure of a battery bank could cause severe challenges within the substation. For instance, an electric utility could expose all feeders associated with the station to a condition where they could not ever trip in a fault. Additionally, any backup devices including main breaker on the low-voltage side or the high-voltage side protection of the power transformer, would be non-operating. These batteries are also used to maintain the DC electrical supply for important equipment within the substation in the event of loss of the normal AC supply or failure of the battery charger.     


The need to maintain a steady supply of power to the equipment and in case of loss of electricity supply and increasing need for continuous power are the major factor driving the global substation battery market. Moreover, various major companies are integrating new technology with their substation batteries in order to increase their respective market share in the market. For instance, in 2016, Tesla, a US based automobile company, has partnered with Asia-Pacific utility, where first grid scale Tesla powerpack battery storage system has been integrated into a public electricity network.  


The global substation batteries market is projected to grow at a significant growth rate during the forecast period owing to the growing demand for electricity and power generation capacity additions across the globe. Moreover, increasing industrialization across the globe is also likely to drive the market of global substation batteries.


The global Substation Batteries market is expected to grow at ~8.25% CAGR during the forecast period.


Market Segmentation


The global substation batteries market has been segmented based on type and region. on the basis of type, the market has been segmented into nickel cadmium batteries and lead acid batteries including sealed batteries and vented batteries. Asia-Pacific is expected to dominate the global substation batteries as various major economies in Asia-Pacific are expected to foresee revolutionary changes in terms of industrialization and urbanization. Moreover, the key economies including China, South Korea, India, and Australia will present opportunities for the global substation batteries market as the manufacturers in these countries need to focus on the modularity of the product with an ability to withstand high temperatures and work under extreme physical conditions. All these factors are likely to positively trigger the demand for substation batteries.


 Substation Batteries Market Key Players: The key players of global Substation Batteries market are Johnson Controls Inc., Exide Technologies, GS Yuasa, Robert Bosch GmbH, Saft Groupe S.A., Storage Battery Systems, LLC, Tesla, and HBL Power Systems Ltd.., among others.


Global Substation Batteries Market


Global substation batteries market is expected to witness substantial growth during the forecast period. Moreover, in order to meet the existing and future demand for efficient utilization and operation of substation equipment, it is expected that the trend for increased automation will continue with the support of latest technology, of which substation battery is a part. All these factors are likely to drive the demand for global substation batteries.    



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   8.25% CAGR(2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Johnson Controls Inc., Exide Technologies, GS Yuasa, Robert Bosch GmbH, Saft Groupe S.A., Storage Battery Systems, LLC, Tesla, and HBL Power Systems Ltd.., among others.
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Increasing need for continuous power
  • Growing demand for electricity and power generation capacity


  • Frequently Asked Questions (FAQ) :


    The substation batteries market can thrive at 8.25% CAGR between 2016 and 2023.

    The substation batteries market can attain a considerable valuation by 2023.

    Saft Groupe S.A., Tesla, Storage Battery Systems, LLC, and HBL Power Systems Ltd are some major players of the substation batteries market.

    The continuous need for electricity supply can boost the substation batteries market growth.

    MRFR study states that the North America substation batteries market can generate high profits by 2023.

    Table of Contents

    1 Executive Summary

    2 Market Introduction

    2.1 Market Definition

    2.2 Scope of the Study

    2.3 Market Structure

    3 Research Methodology

    3.1 Primary Research

    3.2 Secondary Research

    3.3 Market size Estimation

    3.4 Forecast Model

    3.5 List of Assumptions

    4 Market Landscape

    5 Market Dynamics

    5.1 Introduction

    5.2 Market Drivers

    5.3 Market Restraints

    5.4 Market Opportunities

    5.5 Porter’s Five Forces Analysis

    5.5.1 Threat of New Entrants

    5.5.2 Bargaining Power of Buyers

    5.5.3 Bargaining Power of Suppliers

    5.5.4 Threat of Substitutes

    5.5.5 Intensity of Rivalry

    5.6 Value Chain/Supply Chain Analysis

    6 Global Substation Batteries Market, By Type

    6.1 Introduction

    6.2 Lead Acid Batteries

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast, By Region, 2020-2027

    6.2.3 Sealed Batteries

    6.2.3.1 Market Estimates & Forecast, By Region, 2020-2027

    6.2.3.2 Market Estimates & Forecast, By Region, 2020-2027

    6.2.4 Vented Batteries

    6.2.4.1 Market Estimates & Forecast, By Region, 2020-2027

    6.2.4.2 Market Estimates & Forecast, By Region, 2020-2027

    6.3 Nickel Cadmium Batteries

    6.3.1 Market Estimates & Forecast, By Region, 2020-2027

    6.3.2 Market Estimates & Forecast, By Region, 2020-2027

    7 Global Substation Batteries Market, By Region

    7.1 Introduction

    7.2 North America

    7.2.1 Market Estimates & Forecast, By Type, 2020-2027

    7.2.2 Market Estimates & Forecast, By Country, 2020-2027

    7.2.3 US

    7.2.3.1 Market Estimates & Forecast, By Type, 2020-2027

    7.2.4 Canada

    7.2.4.1 Market Estimates & Forecast, By Type, 2020-2027

    7.2.5 Mexico

    7.2.5.1 Market Estimates & Forecast, By Type, 2020-2027

    7.3 Europe

    7.3.1 Market Estimates & Forecast, By Type, 2020-2027

    7.3.2 Market Estimates & Forecast, By Country, 2020-2027

    7.3.3 Germany

    7.3.3.1 Market Estimates & Forecast, By Type, 2020-2027

    7.3.4 France

    7.3.4.1 Market Estimates & Forecast, By Type, 2020-2027

    7.3.5 UK

    7.3.5.1 Market Estimates & Forecast, By Type, 2020-2027

    7.3.6 Italy

    7.3.6.1 Market Estimates & Forecast, By Type, 2020-2027

    7.3.7 Rest of Europe

    7.3.7.1 Market Estimates & Forecast, By Type, 2020-2027

    7.4 Asia-Pacific

    7.4.1 Market Estimates & Forecast, By Type, 2020-2027

    7.4.2 Market Estimates & Forecast, By Country, 2020-2027

    7.4.3 China

    7.4.3.1 Market Estimates & Forecast, By Type, 2020-2027

    7.4.4 India

    7.4.4.1 Market Estimates & Forecast, By Type, 2020-2027

    7.4.5 Japan

    7.4.5.1 Market Estimates & Forecast, By Type, 2020-2027

    7.4.6 Australia

    7.4.6.1 Market Estimates & Forecast, By Type, 2020-2027

    7.4.7 Malaysia

    7.4.7.1 Market Estimates & Forecast, By Type, 2020-2027

    7.4.8 Rest of Asia-Pacific

    7.4.8.1 Market Estimates & Forecast, By Type, 2020-2027

    7.5 The Middle East

    7.5.1 Market Estimates & Forecast, By Type, 2020-2027

    7.5.2 Market Estimates & Forecast, By Country, 2020-2027

    7.5.3 Middle East

    7.5.3.1 Market Estimates & Forecast, By Type, 2020-2027

    7.5.4 Africa

    7.5.4.1 Market Estimates & Forecast, By Type, 2020-2027

    7.6 South America

    7.6.1 Market Estimates & Forecast, By Type, 2020-2027

    7.6.2 Market Estimates & Forecast, By Country, 2020-2027

    7.6.3 Brazil

    7.6.3.1 Market Estimates & Forecast, By Type, 2020-2027

    7.6.4 Argentina

    7.6.4.1 Market Estimates & Forecast, By Type, 2020-2027

    7.6.5 Rest of South America

    7.6.5.1 Market Estimates & Forecast, By Type, 2020-2027

    8 Competitive Landscape

    8.1 Competitive Benchmarking of the Global Substation Batteries Market

    8.2 Market Share Analysis: Global Substation Batteries Market

    8.3 New Product Development in Substation Batteries Market

    8.4 Mergers & Acquisitions in Substation Batteries Market

    8.5 Partnership/Collaboration/Joint Ventures in Substation Batteries Market

    8.6 Contracts & Agreements in Substation Batteries Market

    8.7 Expansions & Investments in Substation Batteries Market

    9 Company Profile

    9.1 Johnson Controls Inc.

    9.1.1 Company Overview

    9.1.2 Product/Services Offering

    9.1.3 Financial Overview

    9.1.4 Key Developments

    9.1.5 Strategy

    9.1.6 SWOT Analysis

    9.2 Exide Technologies

    9.2.1 Company Overview

    9.2.2 Product /Services Offering

    9.2.3 Financial Overview

    9.2.4 Key Developments

    9.2.5 Strategy

    9.2.6 SWOT Analysis

    9.3 GS Yuasa

    9.3.1 Company Overview

    9.3.2 Product /Services Offering

    9.3.3 Financial Overview

    9.3.4 Key Developments

    9.3.5 Strategy

    9.3.6 SWOT Analysis

    9.4 Robert Bosch GmbH

    9.4.1 Company Overview

    9.4.2 Product /Services Offering

    9.4.3 Financial Overview

    9.4.4 Key Developments

    9.4.5 Strategy

    9.4.6 SWOT Analysis

    9.5 Saft Groupe S.A.

    9.5.1 Company Overview

    9.5.2 Product /Services Offering

    9.5.3 Financial Overview

    9.5.4 Key Developments

    9.5.5 Strategy

    9.5.6 SWOT Analysis

    9.6 Storage Battery Systems, LLC

    9.6.1 Company Overview

    9.6.2 Product /Services Offering

    9.6.3 Financial Overview

    9.6.4 Key Developments

    9.6.5 Strategy

    9.6.6 SWOT Analysis

    9.7 Tesla

    9.7.1 Company Overview

    9.7.2 Product /Services Offering

    9.7.3 Financial Overview

    9.7.4 Key Developments

    9.7.5 Strategy

    9.7.6 SWOT Analysis

    9.8 HBL Power Systems Ltd.

    9.8.1 Company Overview

    9.8.2 Product /Services Offering

    9.8.3 Financial Overview

    9.8.4 Key Developments

    9.8.5 Strategy

    9.8.6 SWOT Analysis


    List of Tables


    Table 1 Global Substation Batteries Market, By Region, 2020-2027 (USD Million)

    Table 2 North America Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Table 3 Europe Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Table 4 Asia-Pacific Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Table 5 The Middle East & Africa Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Table 6 South America Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Table 7 Global Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 8 North America Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 9 Europe Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 10 Asia-Pacific Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 11 The Middle East & Africa Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 12 South America Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 13 Global Substation Batteries Market: By Region, 2020-2027 (USD Million)

    Table 14 North America Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Table 15 North America Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 16 US Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 17 Canada Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 18 Mexico Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 19 Europe Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Table 20 Europe Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 21 UK Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 22 France Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 23 Italy Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 24 Rest of Europe Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 25 Asia-Pacific Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Table 26 Asia-Pacific Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 27 China Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 28 India Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 29 Japan Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 30 Australia Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 31 Malaysia Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 32 Rest of Asia-Pacific Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 33 The Middle East & Africa Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 34 The Middle East & Africa Substation Batteries Market, By Region, 2020-2027 (USD Million)

    Table 35 Middle East Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 36 Africa Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 37 South America Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 38 South America Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Table 39 Brazil Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 40 Argentina Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Table 41 Rest of South America Substation Batteries Market, By Type, 2020-2027 (USD Million)


    List of Figures

    Figure 1 Research Process of MRFR

    Figure 2 Top Down & Bottom Up Approach

    Figure 3 Market Dynamics

    Figure 4 Impact Analysis: Market Drivers

    Figure 5 Impact Analysis: Market Restraints

    Figure 6 Porter’s Five Forces Analysis

    Figure 7 Value Chain Analysis

    Figure 8 Global Substation Batteries Market Share, By Type, 2020 (%)

    Figure 9 Global Substation Batteries Market, By Type, 2020-2027 (USD Million)

    Figure 14 Global Substation Batteries Market Share (%), By Region, 2020

    Figure 13 Global Substation Batteries Market, By Region, 2020-2027 (USD Million)

    Figure 14 North America Substation Batteries Market Share (%), 2020

    Figure 15 North America Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Figure 16 Europe Substation Batteries Market Share (%), 2020

    Figure 17 Europe Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Figure 18 Asia Pacific Substation Batteries Market Share (%), 2020

    Figure 19 Asia Pacific Substation Batteries Market, By Country, 2020-2027 (USD Million)

    Figure 20 Middle East & Africa Substation Batteries Market Share (%), 2020

    Figure 21 Middle East & Africa Substation Batteries Market, By Region, 2020-2027 (USD Million)

    Figure 20 South America Substation Batteries Market Share (%), 2020

    Figure 21 South America Substation Batteries Market, By Region, 2020-2027 (USD Million)