Energy and Power

Lithium ion Battery Market for ESS in APAC 2015-2019

  • TEC250670
  • 149 Pages
  • June 2015
  • Energy and Power
About Li-ion Battery for ESS

Energy storage is the 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 APAC to grow at a CAGR of 17.3% over the period 2014-2019.

Covered in this Report

The report covers the present scenario and the growth prospects of the li-ion battery market for ESS in APAC for the period 2015-2019.3 The market is segmented on the basis of the following: technology and ownership model.

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

Key Countries
Australia
China
Japan
South Korea

Key Vendors
A123 Systems
BYD
Kokam
LG Chem
Panasonic
Samsung SDI

Other Prominent Vendors
Amperex Technology
Boston-power
CALB
GS Yuasa
SK Innovation
Sony

Market Driver
Demand for Li-ion Batteries for 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
Integration of ESS with Microgrids
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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