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Global Battery Energy Storage Market for Renewables 2015-2019

  • Published: Sep 2015
  • Pages: 80
  • SKU: IRTNTR6974
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Market prospect of the battery energy storage for renewables

The need to overcome the fluctuating nature of renewable energy sources like wind and solar energy sources has driven the power backup with battery-based energy storage market and increased the number of battery installations for renewable energy storage. The increased battery installations are expected to drive the market growth, growing at a CAGR of around 66% during the forecast period.

Growing economies worldwide are actively taking part to increase the renewable share and overcome the fossil-fuel dependence and reduce GHG emissions. However, considering the inconsistent nature of the wind and solar energy, many countries are making substantial investments to overcome issues related to grid, and peak demand. This initiative will propel the battery energy storage for renewables market worth.


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Segmentation of the battery energy storage market for renewables by technology

  • Li-ion
  • Lead-acid
  • Sodium
  • Others

The extensive use of Li-ion batteries in devices such as laptops, smartphones, notebooks, and tablets is due to its beneficial properties like high energy density and charge and discharge capability. Therefore, they held the largest market share in the global battery energy storage for renewables.

Geographical segmentation of the battery energy storage market for renewables

  • Americas
  • APAC
  • EMEA

The Americas is the largest contributor to the battery energy storage market for renewables, which is closely followed by the APAC region. However, the Americas will witness a decrease in the market share because of the growing installations of battery storage for renewables in the APAC and EMEA regions.

Key vendors of the battery energy storage market for renewables

The primary vendors of the battery energy storage market for renewables are:

  • AES Energy Storage
  • A123 Systems
  • Axion Power
  • BYD
  • LG Chem
  • NGK Insulators
  • SAFT
  • Samsung SDI

The increasing demand for Li-ion batteries is driving manufacturers to adopt next-generation technology batteries for renewable energy storage by motivating them to implement high-energy silicon electrodes in place of conventional graphite ones.

Some other prominent vendors include GE Energy Storage, Mitsubishi Heavy Industries, Amperex, Boston Power, China Avaiation Lithium Battery, Enersys, and Primus Power, Sumitomo Electric, Toshiba, and Xtreme Power.

Other section of the report includes an analysis of the following

  • Key drivers, challenges, trends, and their impact on the battery energy storage market for renewables
  • Five forces analysis of the battery energy storage market for renewables
  • Detail overview of the market size and forecast
  • Key vendor analysis and their competitive scenario

Related reports:

PART 01: Executive summary
Highlights 
PART 02: Scope of  the report
Market overview 
PART 03: Market research methodology
Research methodology 
Economic indicators 
PART 04: Introduction
Key market highlights 
PART 05: Market landscape
Market overview 
Market size and forecast 
Five forces analysis 
PART 06: Market segmentation  by Battery Technology
Market Segmentation by Battery Technology 2014 and 2019 
Global Battery Energy Storage for Renewables by Li-ion Batteries 
Global Battery Energy Storage for Renewables by Lead-acid Batteries 
Global Battery Energy Storage for Renewables by Sodium Batteries 
PART 07: Geographical segmentation
Global Battery Energy Storage for Renewables by Geographical Segmentation 2014-2019 
Global Battery Energy Storage for Renewables in APAC 
Global Battery Energy Storage for Renewables in EMEA 
Global Battery Energy Storage Market in Americas 
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
Competitive Scenario 
Other prominent vendors 
PART 15: Key vendor analysis
AES Energy storage 
A123 Systems 
Axion Power International 
BYD 
LG Chem 
NGK Insulators 
SAFT 
Samsung SDI 
A123 Systems 
AESC 
Axion Power International 
BYD 
NGK Insulators Ltd. 
LG Chem 
Saft 
Samsung SDI 
PART 16: Appendix
List of abbreviation

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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