Report Code: A14876 | Pages: NA | Mar 2023 | 1258 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Substation Battery Market
Request Now !A battery storage power station is a type of energy storage power station that uses a group of batteries to store electrical energy. Battery storage is the fastest responding source of power on grids, and is used to stabilize grids. At full rated power, battery storage power stations are generally designed to output for between one and several hours. As of 2019, the maximum power of battery storage power plants is an order of magnitude less than pumped storage power plants, the most common form of grid energy storage. In terms of storage capacity, the largest battery power plants are about two orders of magnitude less than pumped hydro plants
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Type, Application, and Region |
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COVID-19 Impact analysis
Due to outbreak of the pandemic, COVID-19, has affected the global economy and disrupted the operations of various industries across the globe, including the power industry. Nuclear power availability in the EU is expected to remain consistent as several countries, including the UK and Germany, have put in place safety measures to guarantee the continuation of operations. This would be helpful for the induction motors in the EU to generate power and distribute in the facilities such as isolated houses, farmyards, or pumping stations. However, the lockdown orders announced by regional governments have impacted the financial health of power distribution companies. India's daily power demand has reduced by 25 to 28% since the beginning of the nationwide lockdown, driven primarily by the closures of factories and offices in the commercial and industrial sectors. Distribution companies would have to incur higher aggregate technical & commercial (AT&C) losses than the levels specified by the regulators, as the T&D losses incurred are higher than what was earlier predicted. The pandemic has created several hurdles for lithium-ion batteries. Countries which are major producers of raw materials that are required for battery production have been subject to stringent restrictions to control the spread of the virus.
Top Impacting Factors
Substation batteries are used for supplying stored energy for operations of substation protective relays and control. These substation batteries are always charged up through self-regulated battery chargers that are set to maintain a specific DC bus voltage. Any backup devices including main breaker on the low voltage side of the protection of the power transformer would be non-operating.Â
Market Trends
Key Benefits of the Report
Substation Battery Market Report Highlights
Aspects | Details |
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Key Market Players | Exide Technologies,, GS Yuasa International Ltd.,, Saft, Robert Bosch GmbH,, Johnson Controls Inc., GS Yuasa,, Robert Bosch GmbH,, Saft Groupe S.A.,, Storage Battery Systems, LLC,, Tesla, HBL Power Systems Ltd.., |
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