Energy and Power

Global Battery Energy Storage Market for Renewables 2015-2019

  • TEC327756
  • 84 Pages
  • September 2015
  • Energy and Power
About battery energy storage
Energy storage is a mechanism for storing electricity during an off-peak period and supplying the stored electricity during an on-peak period. An energy storage system stores the excess electricity, which can be utilized during power shortages, power blackouts, and peak hours of demand. Various technologies such as li-ion, lead-acid, sodium-sulfur, and other advanced battery technologies are available for energy storage. Lead-acid batteries are increasingly being preferred for energy storage because of their inherent advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership.

Technavio's analysts forecast the global battery energy storage market for renewables to grow at a CAGR of 65.7% over the period 2015-2019.

Covered in this report
The report covers the present scenario and the growth prospects of the global battery energy storage market for renewables for the period 2015-2019. The market has been segmented on the basis of geography and battery technology.

Technavio's report, Global Battery Energy Storage Market for Renewables 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers he Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

Key regions
Americas
APAC
EMEA

Key vendors
A123 Systems
AES Energy Storage
Axion Power International
BYD
LG Chem
NGK Insulators
Saft
Samsung SDI

Key market driver
Battery energy storage to mitigate intermittent nature of renewables
For a full, detailed list, view our report

Key market challenge
Operational challenges related to lead-acid batteries
For a full, detailed list, view our report

Key market trend
Use of li-ion batteries and sodium-sulfur batteries for solar energy storage
For a full, detailed list, view our report

Key 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?
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