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Global Battery Energy Storage Market for Smart Grid 2016-2020

  • Published: Jun 2016
  • Pages: 77
  • SKU: IRTNTR9659
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This market research report presents a detailed segmentation of the global battery energy storage market for smart grid by batteries (Li-ion batteries, lead-acid batteries, sodium sulfur batteries, and others) and by geography (the Americas, APAC, and EMEA). The leading vendors in the market include Siemens, ABB, Samsung SDI, GE-Alstom, A123, Bosch, and BYD.

Overview of the global battery energy storage market for smart grid

Technavio’s market research analyst predicts the global battery energy storage market for the smart grid to grow at a tremendous CAGR of around 73% by 2020.  Owing to the growing consumption of power across the globe, there is a greater need for energy storage as distributed generation. Distributed generation produces power close to the areas where it is consumed so that the distance is reduced, resulting in less transmission and distribution losses. Distributed Energy Resources (DER) will be increasingly used to meet the future electricity demands for residential and industrial customers, utilities and commercial customers. The growing requirement to mitigate the power transmission and distribution losses will propel the demand for distributed generation during the forecast period.

Several factors such as the aging power infrastructure, need for mitigation of cybersecurity risks and accumulation of new resources to the grid has propelled the grid manufacturing companies to opt for ways to make the grid reliable, protect it against cybersecurity, and increase flexibility to make rapid changes according to supply and demand conditions.  Many utilities are implementing smart grids that use digital and IT systems to manage the power flow efficiently and effectively. Also, there are expected to be massive investments in the refurbishment and replacement of the transmission and distribution infrastructure during the forecast period.

Segmentation by batteries and analysis of the global battery energy storage market for smart grid

  • Li-ion batteries
  • Lead-acid batteries
  • Sodium sulfur batteries

The Li-ion batteries will dominate the battery energy storage market for smart grid during the forecast period and are expected to occupy more than 67% of the total market share by 2020. Li-ion batteries are being extensively used in battery energy storage for the smart grid as they can be produced within high capacities. These batteries use non-aqueous electrolytes, which offer high operating voltages in comparison to other batteries such as lead-acid batteries and sodium-sulfur batteries with aqueous electrolytes. Other benefits of these batteries include light weight and compact size, which will augment their adoption in the energy storage system.

Geographical segmentation and analysis of the global battery energy storage market for smart grid

  • America
  • APAC
  • EMEA

During 2015, the Americas dominated the battery energy storage market for smart grid and accounted for around 60% of the total market share. Much of the region’s growth can be attributed to the increasing use of smart grids and the increasing need for energy storage for distributed systems. The governmental support across different countries in the region and the growing investments in the development and deployment of integrated smart grid systems is expected to drive the demand for smart energy in the region in the coming years.

Competitive landscape and key vendors

The market is characterized by the presence of well diversified international vendors. They have a large portfolio of battery energy storage related equipment and services for smart grid which can be customized as per the needs of the consumers. Vendors in the market compete on the basis of price, quality and market presence. Also, the market is expected to witness an immense rise in mergers and acquisition by key players who are trying to expand their geographic presence worldwide.

Key vendors in the market are -

  • Siemens
  • ABB
  • Samsung SDI
  • GE-Alstom
  • A123
  • Bosch
  • BYD

Other prominent vendors in the battery energy storage market for smart grid include AES Energy Storage, LG Chem, Saft, Axion Power International, and Solar Grid Storage LLC.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global battery energy storage market for the smart grid?
  • What are the key market trends impacting the growth of the global battery energy storage market for the smart grid?
  • What are the challenges to market growth?
  • Who are the key vendors in the global battery energy storage market for the smart grid?
  • What are the market opportunities and threats faced by the vendors in the global battery energy storage market for the smart grid?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global battery energy storage market for the smart grid?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Technological overview
  • Market overview
  • Market size and forecast by revenue
  • Five forces analysis

PART 06: Market segmentation  by batteries

  • Global battery energy storage market for smart grid by batteries 2015
  • Global battery energy storage market for smart grid by batteries 2020
  • Global battery energy storage market for smart grid by batteries 2015-2020
  • Global Li-ion battery market 2015-2020
  • Global lead-acid battery market 2015-2020
  • Global sodium-sulfur battery market 2015-2020

PART 07: Market segmentation  by geography

  • Global battery energy storage market for smart grid by geography
  • Battery energy storage market for smart grid in Americas
  • Battery energy storage market for smart grid in APAC
  • Battery energy storage market for smart grid in EMEA

PART 08: Market drivers

  • Rise in power consumption
  • Greater need for energy storage as distributed generation
  • Need for energy storage in solar energy systems
  • Rapid progress in smart grid technologies
  • Increased investment in smart grid technologies
  • Heightened usage of renewable resources
  • Improvement in performance with advanced technologies

PART 09: Impact of drivers

PART 10: Market challenges

  • High installation costs
  • Technological challenges of Li-on batteries
  • Pollution caused by lead-acid recycling
  • Operational challenges of lead-acid batteries

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Technological advances
  • Grid modernization
  • Intermittency of renewable energy storage
  • Increased investment in energy storage
  • Entry of new players

PART 13: Key leading countries

PART 14: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 15: Key vendor analysis

  • Siemens
  • ABB
  • Samsung SDI
  • GE-Alstom Grid
  • A123 Systems
  • Bosch
  • BYD

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

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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