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Global Battery Energy Storage Market for Renewables 2015-2019

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?


Press Release

Technavio Announces the Publication of its Research Report – Global Battery Energy Storage Market for Renewables 2015-2019
Technavio recognizes the following companies as the key players in the Global Battery Energy Storage Market for Renewables: AES Energy Storage, A123 Systems, Axion Power International, BYD, LG Chem, NGK Insulators, SAFT and Samsung SDI
Other Prominent Vendors in the market are: GE Energy Storage, Mitsubishi Heavy Industries, Amperex, Boston Power, China Avaiation Lithium Battery, Enersys, and Primus Power, Sumitomo Electric, Toshiba and Xtreme Power
Commenting on the report, an analyst from Technavio’s team said: “Lead-acid batteries are traditionally used in the renewable energy industry to store solar energy, and have applications in off-grid renewable applications such as solar, wind, and limited grid connected PV storage. However, the renewable industry is likely to face a shift in the forecast period. The solar energy storage using lead-acid batteries are expected to replace it with batteries with high efficiency, which are less bulky and have a high energy density.”
According to the report, the need to maintain grid stabilization, and transmission and distribution (T&D) deferral along with the awareness of issues pertaining to renewable sources, such as wind and solar PV, is driving the battery energy storage market. In addition, the need for optimizing variable renewables fed into grids and balancing the demand-supply gap boosts the market growth. Energy storage batteries enable efficient power supply to grid and supply shift for variable nature of renewable energy sources. Ancillary services, such as regulation in grid and voltage support with high variable renewable energy share, are explored with an emphasis on short-term regulation at the grid level.
Further, the report states that operational challenges of lead-acid batteries is hindering the market growth.

Companies Mentioned

AES Energy Storage, A123 Systems, Axion Power International, BYD, LG Chem, NGK Insulators, SAFT, Samsung SDI,GE Energy Storage, Mitsubishi Heavy Industries, Amperex, Boston Power, China Avaiation Lithium Battery, Enersys, and Primus Power, Sumitomo Electric, Toshiba, Xtreme Power

  • Executive summary
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global battery energy storage market for renewables
    • Market size and forecast
      • Table Global battery energy storage market for renewables (MW)
    • Five forces analysis
  • Market Segmentation by battery technology
    • Market segmentation by battery technology 2014 and 2019
      • Table Global battery energy storage market for renewables by battery technology
      • Table Global battery energy storage market for renewables 2014-2019
    • Global battery energy storage market for renewables by Li-ion batteries
      • Table Global battery energy storage market for renewables by Li-ion batteries (MW)
    • Global battery energy storage market for renewables by leadacid batteries
      • Table Global lead-acid battery energy storage market for renewables (MW)
    • Global battery energy storage market for renewables by sodium batteries
      • Table Global Li-ion battery energy storage market for renewables (MW)
  • Geographical segmentation
    • Global battery energy storage market for renewables by geography 2014-2019
      • Table Global battery energy storage for renewables by geography 2014-2019
      • Table Global battery energy storage market for renewables by geography 2014-2019
    • Global battery energy storage market for renewables in APAC
      • Table Global battery energy storage market for renewables in APAC 2014-2019 (MW)
    • Global battery energy storage market for renewables in EMEA
      • Table Global battery energy storage market for renewables in EMEA (MW)
    • Global battery energy storage market for renewables in Americas
      • Table Global battery energy storage market for renewables in Americas (MW)
  • Market drivers
    • Table Battery energy storage for renewables in 2014: Major countries
  • 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
    • 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
    • A123 Systems in ESS market
    • AES Energy Storage
      • Table AES Energy Storage: Product
    • AES Energy Storage in battery ESS market
    • Axion Power International
    • Axion Power International in ESS market
    • BYD
      • Table BYD: Business segmentation
      • Table BYD: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table BYD: Geographical segmentation by revenue 2013
    • BYD in ESS market
    • NGK Insulators
      • Table NGK Insulators: Business segmentation by revenue 2014 and 2015 ($ billions)
    • NGK Insulators in ESS market
    • LG Chem
      • Table LG Chem: Key products of mobile battery division
      • Table LG Chem: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table LG Chem: Geographical segmentation by revenue 2014
    • LG Chem in ESS market
    • Saft
      • Table Saft : Business segmentation by revenue 2014
      • Table Saft: Business segmentation by revenue 2013 and 2014
      • Table Saft : Geographical segmentation by revenue 2014
    • SAFT in ESS market
    • Samsung SDI
      • Table Samsung SDI: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Samsung SDI: Geographical segmentation by revenue 2014
    • Samsung SDI in ESS market
  • Appendix
    • List of abbreviation
  • Explore Technavio

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