Energy and Power

Li-ion Battery Market for Energy Storage Systems (ESS) in the US 2015-2019

  • TEC250620
  • 148 Pages
  • June 2015
  • Energy and Power
About Li-ion for ESS

Energy storage is a mechanism of storing electricity during the off-peak period and supplying the stored electricity during the on-peak period. An ESS stores the
excess electricity, which can be utilized during power shortages, power 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 because
of their inherent advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership. Rapid technological evolution
will enable large-scale storage of electricity in Li-ion batteries. Such electricity storage is required when the amount of electricity generated is greater than the
electricity demand.

Technavio's analysts forecast the Li-ion battery market for ESS in the US to grow at a CAGR of 24.9% over the period 2014-2019.

Covered in this Report

The Li-ion battery market for ESS in the US has been segmented of the basis of technology and key leading states.

Technavio's report, Li-ion Battery Market for ESS in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The
report covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key States
California
Illinois
West Virginia

Key Vendors
A123 Systems
Build Your Dream
Kokam
LG Chem
Panasonice
SAFT
Samsung SDI

Other Prominent Vendors
AllCell Technologies
Altair Nanotechnologies
Boston Power
CODA Energy Holdings
Enerdel
K2 Energy
Lithium Energy Japan
NEC Energy
S&C Electric
Seeo
Valence

Market Driver
Increased demand for Li-ion batteries in grid energy storage
For a full, detailed list, view our report

Market Challenge
High initial investment
For a full, detailed list, view our report

Market Trend
Growing demand for decentralized power generation
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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