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Global Battery Market for ESS 2015-2019

Global Battery Market for ESS 2015-2019

About battery energy storage

Battery energy storage stores surplus electricity, which can be utilized during power shortages, blackouts, and peak demand. Surplus electricity generated is stored in batteries. This is supplied to customers when demand exceeds the amount generated. Various technologies such as Li-ion, lead-acid, sodium-sulphur, and other advanced battery technologies are available for this purpose. Lead-acid batteries were increasingly preferred for this purpose because of inherent advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership. However, Li-ion batteries dominated the ESS segment as of 2014 and their share is expected to increase in the future due to their efficiency.

Technavio's analysts forecast the global battery market for ESS to grow at a CAGR of 59.6% over the period 2014-2019. Covered in this ReportThe report covers the present scenario and growth prospects of the global battery market for ESS for 2015-2019. The market has been segmented on the basis of geography and technology.

Technavio's report, Global Battery Market for ESS 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, EMEA, and the Americas; it also covers the market landscape and its growth prospects in the coming years. The report also 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
Market driver
  • Helps mitigate intermittent nature of renewables
  • For a full, detailed list, view our report
Market challenge
  • Operational challenges related to lead-acid batteries
  • For a full, detailed list, view our report
Market trend
  • Li-ion batteries and sodium-sulphur batteries for storage of solar energy
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Battery Market for Energy Storage Systems (ESS) 2015-2019

Technavio recognizes the following companies as the key players in the Global Battery Market for Energy Storage Systems (ESS): AES Energy Storage, A123, Axion Power, BYD, LG Chem, NGK Insulators, SAFT and Samsung

Other Prominent Vendors in the market are: FIAMM Energy, Prudent Energy, Rongke, UniEnergy, GE, Mitsubishi, Amperex, Boston Power, CALB, Enersys, and Primus Power.

Commenting on the report, an analyst from Technavio’s team said: “Countries worldwide are exhibiting an increased level of interest in reducing emission levels through the promotion of clean energy initiatives. Therefore, the adoption of solar and wind energy storage, as well as other viable alternatives to fossil-fuel power generation paradigms, has seen a steep climb globally. Battery energy storage in renewables such as wind and solar energy is considered a major alternative for conventional fossil-fuel installations. The shift toward solar energy storage is helping countries reduce their fossil-fuel import costs. Initially, solar installations were equipped with lead-acid batteries as backup power systems.”

According to the report, the increasing growth in smart-grid technologies has given rise to the need for grid stability, flexibility, and management of electricity within grids by adopting battery energy storage. As countries plan to increase the share of renewable generation in their overall power mix, the need for grid stability is prompting grid operators to adopt battery energy storage paradigms.

Further, the report states that technological problems related to sodium-sulfur batteries hinders the market growth

Companies Mentioned

AES Energy Storage, A123, Axion Power, BYD, LG Chem, NGK Insulators, SAFT, Samsung, FIAMM Energy, Prudent Energy, Rongke, UniEnergy, GE, Mitsubishi, Amperex, Boston Power, CALB, Enersys, Primus Power

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market Overview
      • Table Battery energy storage value chain
      • Table Global battery market for ESS
    • Market size and forecast
      • Table Global battery market for ESS (MW)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market segmentation by battery technology 2014 and 2019
      • Table Global battery market for ESS by battery technology
      • Table Global battery storage market for ESS 2014-2019
    • Global Li-ion-based battery market for ESS
      • Table Global Li-ion-based battery market for ESS (MW)
    • Global sodium-based battery market for ESS
      • Table Global sodium-based battery market for ESS (MW)
    • Global lead-based battery market for ESS
      • Table Global lead-based battery market for ESS (MW)
  • Geographical segmentation
    • Global battery market for ESS - geographical segmentation 2014-2019
      • Table Geographical segmentation 2014-2019
    • Battery market for ESS in APAC
      • Table Battery market for ESS in APAC 2014-2019 (MW)
      • Table Operation sodium-based battery energy storage in Japan by 2014 (MW)
      • Table Major ESS countries in APAC 2014
    • Battery market for ESS in EMEA
      • Table Battery market for ESS in EMEA (MW)
      • Table Major countries in EMEA
    • Battery market for ESS in Americas
      • Table Battery market for ESS in Americas (MW)
      • Table Major countries in Americas
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Table Renewable energy services
    • Table Operational battery energy storage projects in 2014: Major countries
    • Table Frequency regulation projects for ESS in US as of June 2015 (MW)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Characteristics of different batteries
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • AES Energy Storage
    • A123 Systems
    • Axion Power International
    • BYD
    • LG Chem
    • NGK Insulators
    • SAFT
    • Samsung SDI
  • Key vendor profiles
    • A123 Systems
      • Table A123 Systems: Product segmentation
      • Table A123 Systems: Applications of prismatic pouch
      • Table A123 Systems: Benefits of prismatic pouch
      • Table A123 Systems: Applications of cylindrical pouch
      • Table A123 Systems: Benefits of Cylindrical Pouch
      • Table A123 Systems: Specifications of cylindrical pouch
    • AES Energy Storage
    • Axion Power International
    • BYD
      • Table BYD: Business segmentation
      • Table BYD: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table BYD: Geographical segmentation by revenue 2013
    • LG Chem
      • Table LG Chem: Business overview
      • Table LG Chem: Key products of mobile battery
      • Table LG Chem: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table LG Chem: Geographical segmentation by revenue 2014
    • NGK Insulators
      • Table NGK Insulators business overview
      • Table NGK Insulators: Business segmentation by revenue 2014 and 2015 ($ billions)
    • Saft
      • Table Saft: Business segmentation by revenue FY2014
      • Table Saft: Business segmentation by revenue FY2013 and FY2014 ($ millions)
      • Table Saft: Geographical segmentation by revenue FY2014
    • Samsung SDI
      • Table Samsung SDI business overview
      • Table Samsung SDI: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Samsung SDI: Geographical segmentation by revenue 2014
  • Other prominent vendor profiles
    • Fiamm Energy Storage Solutions
      • Table Fiamm energy storage solutions: Product segmentation
    • Prudent Energy
      • Table Prudent: Products and services
    • Rongke Power
    • UniEnergy Technologies
  • Appendix
    • List of abbreviations
  • Explore Technavio

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