Li-ion Battery Market for Energy Storage Systems in the US 2018-2022
- Published: Jun 2018
- Pages: 80
- SKU: IRTNTR21605
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The Li-ion battery energy storage market in US will grow USD 1355.55 million during 2018-2022. This report offers an analysis of the market by end-users (utility segment, non-residential segment, and residential segment) and analyzes the market’s competitive landscape, offering information on several companies including BYD Company, Kokam, LG Chem, Panasonic, SAMSUNG SDI, and TOSHIBA.
Below are some of the key findings from this Lithium ion battery market analysis report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Overview of the Li-ion battery energy storage market in US
With the substantial growth of the automotive industry, the demand for lead-acid batteries has increased significantly. Lead-acid batteries are the most commonly used rechargeable batteries for stationary applications. The popularity of these batteries is mainly due to their low-cost and dependability, however, these batteries have several limitations. They are heavy, and their lifespan depends on factors such as charge voltage, discharge, and temperature. Also, they have low-density and cannot be stored in the discharged condition. Such limitations of lead-acid batteries will pose major challenges for developing lead-acid battery technology, and subsequently, drive demand for the Li-ion battery energy storage market in US.
Additionally, the construction industry is addressing the increase in power consumption in buildings by constructing net-zero energy buildings. The energy consumption of these buildings is equivalent to the amount of energy they generate. To achieve this, special construction materials and designs are used to increase building efficiency. The increase in construction of zero energy buildings in the US will drive the solar PV market and thus the Li-ion battery demand for energy storage.
Top Lithium Ion battery companies covered in this market research report
The Li-ion battery energy storage market in US is highly fragmented and is currently in the growth phase. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this Li-ion battery energy storage market research report for the US also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading Li-ion battery energy storage companies, including:
- BYD Company
- Kokam
- LG Chem
- Panasonic
- SAMSUNG SDI
- TOSHIBA
End-user segmentation of the Li-ion battery energy storage market in US
- Utility segment
- Non-residential segment
- Residential segment
The utility segment will account for the highest growth in the lithium-ion energy storage battery market. The report provides an accurate prediction of the contribution of the various products segments to the growth of the energy storage Li-ion battery market size.
Key highlights of the Li-ion battery energy storage market report for the US for the forecast period 2018-2022
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the Li-ion battery market for energy systems in the US during the next five years
- Precise estimation of the energy storage Li-ion battery energy storage market size in US and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the Li-ion battery industry across the US
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of Li-ion battery companies in the US
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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: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
- Segmentation by end-user
- Comparison by end-user
- Utility segment – Market size and forecast 2017-2022
- Non-residential segment – Market size and forecast 2017-2022
- Residential segment – Market size and forecast 2017-2022
- Market opportunity by end-user
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Development of zero energy buildings
- Declining Li-ion battery prices
- Large-scale deployment of energy storage systems (ESS) in power grids
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- BYD Company
- Kokam
- LG Chem
- Panasonic
- SAMSUNG SDI
- TOSHIBA
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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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