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Energy Storage Market in China 2018-2022

  • Published: Jul 2018
  • Pages: 87
  • SKU: IRTNTR22724
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Technavio’s market research analysts have predicted that the energy storage market will register a CAGR of close to 40% by 2022. This industry research report presents a detailed analysis of the energy storage market by application such as behind the meter, grid integration.

Overview of the Energy Storage Industry in China

China being one of the largest economies in the world, experiencing high economic growth due to which the power needs of the country have grown exponentially. The country is witnessing huge investments in the renewable energy to meet its growing energy needs. The country has become the largest wind and solar energy producer in the world due to the aggressive renewable energy targets. Several renewable sources such as wind and solar PV are being developed in remote areas and islands to achieve universal access to electricity. However, factors such as transmission bottle necks, oversupply, lack of flexible power system, are leading to energy wastage. Therefore, to counter these wastages several storage technologies are being adopted in the country, thus driving the energy storage market in China.

 

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Companies covered

The energy storage market is neither fragmented nor concentrated with the presence of various vendors who offer various energy storage technologies. The market is currently in its growth stage and filled with opportunities. This energy storage industry analysis report will aid clients in identifying new growth opportunities and designing new growth strategies.  

The report offers a complete analysis of energy storage companies including:

  • Narada Power Source
  • Shandong Sacred Sun Power Sources
  • SHENZHEN CLOU ELECTRONICS
  • SUNGROW
  • ZTT

Energy storage market growth based on application

  • Behind the meter
  • Grid integration

According to our market research experts, the behind the meter segment will account for the maximum growth and share of the market. The segment is expected to remain the leading segment during the forecast period. Additionally, the report provides an accurate prediction of the contribution of the various end-user segments in the growth of the energy storage market size.

 

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Key highlights of the energy storage market in China for the forecast years 2018-2022:

  • CAGR of the market during the forecast period 2018-2022
  • Detailed information on factors that will accelerate the growth of the energy storage market during the next five years
  • Precise estimation of the energy storage market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive information about factors that will challenge the growth of energy storage companies

 

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the energy storage market in China and its stakeholders over the forecast years.

The energy storage market in China analysis of Technavio has considered how the performance of other related markets in the vertical will impact energy storage market size till 2022. Some of the markets most likely to influence the growth of the energy storage market over the coming years are the li-ion battery market in South Korea and the advanced energy storage systems market.

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application
  • Comparison by application
  • Behind the meter – Market size and forecast 2017-2022
  • Grid integration – Market size and forecast 2017-2022
  • Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Decline in Li-ion battery price
  • Increasing renewable energy generation
  • Wide-scale deployment of distributed generation

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Narada Power Source
  • Shandong Sacred Sun Power Sources
  • SHENZHEN CLOU ELECTRONICS
  • SUNGROW
  • ZTT

PART 14: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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