Energy Storage

July 20, 2016 | 66 Pages | SKU: IRTNTR8307

Market outlook of the grid scale energy storage market

Technavio’s research analyst predicts the global grid scale energy storage market to grow steadily at a CAGR of around 34% during the forecast period. Fossil fuels, the most extensively consumed power source, are exhaustible. The deficit between the demand and the availability of energy is increasingly getting addressed by these storage systems. Given these factors, the market is expected to grow significantly during the forecast period.

Government mandates and concerns over carbon emissions are anticipated to increase the demand for grid-scale energy storage systems. For instance, in 2014, the California state government imposed a mandate that required the state's investor-owned utilities to purchase about 1.3 GW of storage capacity by the year 2020. This gave a massive boost to the energy storage sector. Such mandates are likely to accelerate the development of storage technologies. Globally, the development of next generation batteries drives the demand for grid-scale energy storage.

Segmentation by technology and analysis of the grid scale energy storage market

  • Pumped hydroelectric storage system
  • Thermal storage
  • Battery storage
  • Compressed air energy storage
  • Flywheel storage
  • Molten salt storage

The pumped hydroelectric storage segment dominated the market during 2015 with a market share of around 94%. Technological feasibility, cost competitiveness, and government support have increased the global demand for grid-scale energy storage systems. For instance, in the US, the number of PHS plants is expected to rise during the forecast period with 50 active preliminary permits.

Geographical segmentation and


July 11, 2016 | 60 Pages | SKU: IRTNTR9684

Global outlook of the valve regulated lead-acid batteries market

Market research analysts at Technavio have predicted that the global valve regulated lead-acid batteries market will grow steadily at a CAGR of about 8% by 2020. Forklifts have become the ideal choice for indoor operations in various sectors, such as automotive industries, iron and steel plants, food and beverages, and radioactive waste handling. As a result, the recent years have witnessed an exponential increase in the market share of electric forklifts. Since valve regulated rechargeable batteries offer high resilience even in difficult environmental conditions involving dirt, chemicals, and vibrations, they have become the ideal choice for use in forklifts. This market study report considers this increasing demand for forklifts as one of the major factors that will augment the growth of the valve regulated lead-acid (VRLA) rechargeable battery market.

It has been observed that sudden losses of power, voltage fluctuations, and power surges are the principle causes of damage to sensitive electronics. The exponential increase in the adoption of electronic devices has increased the dependence on a constant power supply to ensure continuity in daily operations. UPS systems enable constant power supply to electronic devices, prevent loss of data and productivity, protect electrical appliances from distorted power failures, and also regulate power fluctuations. The growing number of power outages will lead to an increasing demand for continuous power supply and storage, which will be a major trend that will gain traction in this market. The availability of cost-efficient labor and raw materials have


July 07, 2016 | 60 Pages | SKU: IRTNTR9855

The lithium iron phosphate battery (LFP) battery is a kind of rechargeable lithium-ion battery which uses LiFePO as a cathode material. LiFePO batteries have lower energy density than the common LiCoO design available in consumer electronic However, these batteries also offer longer lifetimes, better power density, and are essentially safer. LiFePO4 batteries have several applications in vehicle use and power backup. A123 Systems, BYD, and Electric Vehicle Power System Technology will be some of the prominent vendors in the market.

The report, global lithium iron phosphate battery market, is part of Technavio’s energy research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as energy storage, power, oil and gas, smart grid, and waste and waste management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.


June 10, 2016 | 60 Pages | SKU: IRTNTR8769

Outlook of the global forklift battery market

Technavio’s market research analyst has estimated the global forklift battery market to grow at a CAGR of over 8% by 2020. The augmented usage of forklifts across a wide array of end-user industries will be the key growth driver for this market. The end users for battery-powered forklifts are retail and wholesale, logistics, mechanical or automotive, food and beverages, chemical, and timber or paper and print industries. These forklifts are extensively used in these sectors due to its low emissions and low noise hazard. Also, their ability to eliminate fuel costs is another major factor that will spur the adoption of battery-powered forklifts across a number of end-user industries.

In this market study, analysts have estimated factors like the extensive use of fast chargers to impel market growth during the forecast period. The use of fast chargers will help end users to overcome the barrier of long duration recharge. Fast chargers range from 15-30 kW and charge the battery to 100% state of charge (SOC) in one or two hours. The cost of a fast charge battery is much higher than a lead-acid battery, but since this technology helps to reduce the recharge duration, its preference among the end users will increase significantly over the next few years.

End-user segmentation and analysis of the forklift battery market

  • Warehouse
  • Manufacturing
  • Construction

Based on end users, the warehouse segment will be the largest market segment during the forecast period and will account for an impressive market share of nearly 47% by 2020. The mechanization involved in material handling and improving productivity in warehouses is a major driver for the growth of this segment.

Geographical segmentation and analysis of the forklift battery market

  • Americas
  • APAC
  • EMEA

May 10, 2016 | 68 Pages | SKU: IRTNTR9212

Overview of the battery monitoring solutions market

Technavio’s market research analyst predicts the global battery monitoring solutions market to grow at a CAGR of around 23% by 2020. One of the primary growth drivers for this market is the growing usage of electric vehicles (EVs). The technological advances in EVs have necessitated the adoption of battery monitoring systems to maintain safe operations of batteries in these electric-powered vehicles. The battery monitoring system limits the charge and peak voltage of the battery during charging, maintains the voltage threshold during discharge, and also maintains the battery temperature, thereby maintaining a safe area of operation in all situations. The growing importance of battery health will boost the implementation of battery monitoring solutions in EVs.

The recent changes in grid structure and the growing need for energy storage as distributed generation has propelled the need for efficient battery technologies in grids. Battery monitoring systems protect the devices from critical situations like overheating, over voltage, and under voltage, thereby increasing their lifespan and operational efficiency. The rising need for monitoring solutions, especially for applications where larger batteries are used such as in electric vehicles and grid applications, will propel the market’s growth during the forecast period.

Segmentation by end-user and analysis of the battery monitoring solutions market

  • Automotive
  • Energy
  • Telecom and data centers

The automotive sector dominates the battery monitoring solutions market and is expected to occupy more than 39% by 2020. This segment’s high growth rate can be attributed to the applicability of these monitoring solutions in various electric-powered vehicles. Factors such as growing need for constant check on battery applications in terms of


March 01, 2016 | 92 Pages | SKU: IRTNTR7165

Market outlook of the global battery market for energy storage in telecom

The need to overcome the high operational and maintenance costs drives the battery market for energy storage in telecom. The need for reducing the diesel consumption by increasing the number of renewable installations to power telecom towers are expected to help the market grow at a CAGR of more than 10% in the next four years.

Globally, the telecom sector has seen a remarkable jump in last 5-10 years. Globally, as wired telecom infrastructure is getting replaced with cellular systems in a big way, the total number of towers has grown drastically. Telecommunication networks need assured power supply on a continuous basis. Power requirements of telecom towers are fulfilled either through the grid or diesel generator sets. However, climate change issues have triggered the requirement for clean and greener telecom towers. Many telecom operators are likely to switch over to renewable power sources such as wind and solar for powering the telecom towers in the future.

Segmentation of the market and further analysis by application

  • Li-ion
  • Lead acid
  • Nickel

The revenue generated from for the Li-Ion battery market for energy storage in telecom sector was in excess of $18 million in 2014. The battery technology is expected to occupy a major share of the battery storage for renewable plants in the coming years. During the forecast period, the market demand for attributes like energy and power density is likely to gain significant momentum.

Segmentation of the market by geography

  • APAC
  • EMEA
  • Americas

China has one of the world’s largest telecom sector. As of 2014, the country had more than 1.3 million telecom subscriptions, and the count is expected to


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