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About Li-ion Batteries in ESSESS is used to store surplus electricity that can be utilized during power shortages, blackouts, and peak hours of demand. Various technologies such as pumped-hydro storage systems, flywheels, advanced batteries (Li-ion), and other evolving technologies such as CAES are available for ESS. Li-ion batteries are increasingly being preferred for ESS because of inherent advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership. Technological evolution will enable large-scale storage of electricity in Li-ion batteries.
Technavio's analysts forecast the global Li-ion battery market for ESS to grow at a CAGR of 26% over the period 2014-2019.
Covered in this reportThe report covers the present scenario and the growth prospects of the global Li-ion battery market for ESS for the period 2015-2019. The market has been segmented based on geography and ownership model.
Technavio's report, Global Li-ion Battery Market for ESS 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC and the EMEA regions; it also covers the landscape of global Li-ion battery market for ESS and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key regions• Americas • APAC• EMEA Key vendors • A123 Systems• BYD• Kokam• LG Chem• Panasonic • Samsung SDI• SAFTMarket driver• Increased demand for Li-ion batteries in grid energy storage• For a full, detailed list, view our reportMarket challenge• High initial investment• For a full, detailed list, view our reportMarket trend• Integration of ESS with micro-grids• For a full, detailed list, view our reportKey questions answered in this report• What will the market size be in 2019 and what will the growth rate be?• What are the key market trends?• What is driving this market?• What are the challenges to market growth?• Who are the key vendors in this market space?• What are the market opportunities and threats faced by the key vendors?• What are the strengths and weaknesses of the key vendors?
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.
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This report is available in English.
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