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Batteries in Power - Thematic Intelligence

Publisher GlobalData
Published Apr 25, 2024
Length 85 Pages
SKU # GBDT18941773

Description

Batteries in Power - Thematic Intelligence Summary Battery technology-in the form of a battery energy storage system (BESS)—is scaling up in the power sector due to its economical storage of energy. Storage systems, when integrated with solar or wind energy, can store excessive energy and discharge it as and when required, benefitting the power sector in various ways. BESS deployments are already happening on a very large scale. The battery energy storage market registered a cumulative deployment of 36.7GW at the end of 2023. With growing demand for battery energy storage on a global scale, GlobalData estimates the BESS deployment is expected to reach 127GW by 2027. Scope - The report focuses on batteries in power as a theme. - It provides an industry analysis on how big the batteries theme is and how fast it will grow in the coming years. - The report provides lithium-ion batteries market size and growth forecast. - The report delivers technology briefing on batteries. - It provides a snapshot on how batteries will play a significant role in energy transition. - The report covers patents trends and venture financing trends in power. - The report provides a global market outlook for battery energy storage systems. - The report discusses on the uses cases of battery energy storage by power utilities. - It contains details of M&A deals driven by batteries theme, and a timeline highlighting milestones for batteries. - The report focus on the trends related to batteries as a theme in power, technology, macroeconomic and regulatory trends. - The report also includes an overview of competitive positions held by power utility companies adopting battery energy storage. Reasons to Buy The report provides - - A detailed analysis on the growing batteries market in the power sector. - The report delivers an insight on the leading players in batteries theme by end-user market and where do they fit in the value chain. - The report provides an overview of the leaders and challengers in the batteries value chain. - A briefing on detailed analysis of batteries value chain. - An overview on the global market outlook along with regional outlook on battery energy storage system. - The report discusses how incentivizing will help adoption of battery energy storage systems. - Company profiles of leading adopters of battery energy storage in power sector. - A snapshot of power sector scorecard predicting the position of leading power companies in batteries theme.

Table of Contents

85 Pages
Executive Summary
Players
Technology Briefing
It is all about energy, and batteries store it
Batteries convert chemical energy into electrical energy
There are many different battery technologies
What happens after a battery is used up?
There are alternatives to batteries
Ultracapacitors
Thermal energy storage systems
Trends
Power trends
Technology trends
Macroeconomic trends
Regulatory trends
Industry Analysis
Market size and growth forecasts
The industry needs to build a more sustainable supply chain
EV growth requires gigafactory investment
There are many challenges in the factory
The battery industry is likely to consolidate…
…increasing the risks of crowding out…
…and compounding raw material problems
Some players are turning to AI and quantum computing
Recycling is imperative
Different battery chemistries are taking off in different geographies
Impact of batteries on the power sector
Batteries will play a key role in the energy transition
Key benefits of battery energy storage to the power industry
Incentivizing the adoption of battery energy storage systems
Global market outlook for battery energy storage systems
The global BESS market will reach $14.89 billion by 2027
China will lead the battery energy storage system market
Regional overview of the global BESS market
The global market volume of BESS will reach 127GW in 2027
Use cases
Alliant Energy’s energy storage dome
Dominion Energy’s battery storage project
Edison International’s hybrid EGT
Eskom’s Hex BESS
Iberdrola’s commercial scale battery system
Naturgy’s battery storage facility
RWE’s battery project at the Neurath power plant
SSE’s battery energy storage system
TVA’s battery energy storage system
Timeline
Signals
M&A trends
Venture financing trends
Patent trends
Value Chain
Raw materials
Smelting and refining
Component makers
Battery technologies
End markets
End of life
Companies
Power companies
Sector Scorecards
Power sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: There are many different battery technologies
Table 2: Power trends
Table 3: Technology trends
Table 4: Macroeconomic trends
Table 5: Regulatory trends
Table 6: Key M&A transactions associated with the batteries theme
Table 7: Power companies
Table 8: Glossary
Table 9: GlobalData reports
List of Figures
Figure 1: Who are the leading players in the batteries theme by the end-user market?
Figure 2: Who are the leading players in the batteries theme by the end-user market?
Figure 3: Electrons flow from the anode to the cathode during discharge
Figure 4: Advanced battery chemistries span the periodic table
Figure 5: The Li-ion battery market will grow to over $400 billion by 2035
Figure 6: EV battery gigafactory capacity development by country, 2022-2030
Figure 7: China’s battery energy storage capacity will reach 54.8GW by 2027
Figure 8: Region-wise comparison on battery energy storage installed capacity, 2023-2027
Figure 9: Battery energy storage market global market volume, 2023-2027
Figure 10: The Li-ion battery market will grow to over $400 billion by 2035
Figure 11: A view of Dominion Energy’s battery project site
Figure 12: Battery energy storage system coupled with gas turbine
Figure 13: A top view of ENGIE’s BESS
Figure 14: An aerial view of the Hex BESS project
Figure 15: Batteries installed at Iberdrola’s site
Figure 16: Engineers inspecting the battery storage facility
Figure 17: A battery pack being erected at the site
Figure 18: A battery energy storage system
Figure 19: The battery energy storage system installed at the site
Figure 20: The battery story
Figure 21: The battery energy storage deal trend is increasing
Figure 22: The increase in patent activity is driving growth in the adoption of battery energy storage
Figure 23: Battery energy storage activities will continue to increase in the power industry
Figure 24: The batteries value chain
Figure 25: Batteries value chain: battery raw materials
Figure 26: Batteries value chain: smelting and refining
Figure 27: Batteries value chain: component makers
Figure 28: Batteries value chain: battery technologies
Figure 29: Batteries value chain: end markets
Figure 30: Batteries value chain: end of life
Figure 31: Who does what in the power space?
Figure 32: Thematic screen
Figure 33: Valuation screen
Figure 34: Risk screen
Figure 35: Our five-step approach for generating a sector scorecard

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