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Global Energy Storage Market for Satellites 2017-2021

Global Energy Storage Market for Satellites 2017-2021

About Energy Storage Market for Satellites

Energy storage is crucial to proper functioning of satellites and a major requirement in the global satellite industry. In a satellite, energy storage equipment is incorporated with solar PV panels to store energy harnessed by solar panels directly. However, harnessing and storing solar energy is applicable only when batteries are used. Fuel cells and other energy storage technologies are based on chemical reactions; therefore, they do not require solar panels for recharging.

Technavio’s analysts forecast the global energy storage market for satellites to grow at a CAGR of 5.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global energy storage market for satellites for 2017-2021. To calculate the market size, the report considers the revenue generated from the energy storage market for satellites.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Energy Storage Market for Satellites 2017-2021 , 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • EaglePicher Technologies
  • EnerSys
  • GS Yuasa Lithium Power
  • Mitsubishi Electric
  • Saft
Other prominent vendors
  • FastCap Systems
Market driver
  • Declining Li-ion battery prices
  • For a full, detailed list, view our report
Market challenge
  • Widening supply-demand gap for lithium
  • For a full, detailed list, view our report
Market trend
  • Development of microsatellites and next-generation batteries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Technavio Announces the Publication of its Research Report – Global Energy Storage Market for Satellites 2017-2021

Technavio recognizes the following companies as the key players in the global energy storage market for satellites: EaglePicher Technologies, EnerSys, GS Yuasa Lithium Power, Mitsubishi Electric, and Saft

Other Prominent Vendors in the market are: FastCap Systems.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of microsatellites and next-generation batteries. Microsatellites can act as a resource to indirectly contribute to the functions of bigger satellites. These tiny satellites can be tailored as per the requirement of the mission. In 2015, a team comprising researchers from the Missouri University of Science and Technology focused its efforts to develop a microsatellite imagery for health monitoring of satellites with sensitive functions such as global security and weather monitoring.”

According to the report, one of the major drivers for this market is Declining Li-ion battery prices. The market for Li-ion batteries has been witnessing rapid growth. Owing to this, there has been a decline in the demand for other battery types. The factor that discriminates between Li-ion batteries and other energy storage technologies, such as fuel cells, is the price. However, leading vendors in the manufacturing of Li-ion batteries are working on technological advances and are trying to reduce the price of Li-ion batteries.

Further, the report states that one of the major factors hindering the growth of this market is Widening supply-demand gap for lithium. The global lithium market is facing a deficit of lithium, and this trend is expected to continue during the forecast period. This is owing to the tremendous demand from upcoming sectors such as EV, e-Bike battery, etc. According to the IEA, electric car stock increased from few hundreds in 2005 to more than 1 million in 2015. This led to increased lithium demand to produce Li-ion batteries for EVs, particularly because the battery type is more preferred by EV manufacturers. This sudden increase in demand resulted in a supply deficit in the global market.

Companies Mentioned

EaglePicher Technologies, EnerSys, GS Yuasa Lithium Power, Mitsubishi Electric, Saft, and FastCap Systems.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Global battery market overview
        • Table Li-ion battery structure
    • Fuel cell market overview
      • Table Comparison of fuel cell technologies
  • Market landscape
    • Market ecosystem
      • Table Related market
      • Table Global energy storage market for satellites
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global energy storage market for satellites - Market size and forecast 2016-2021 ($ millions)
      • Table Revenue from satellite launch by mission type 2016
      • Table Global energy storage market for satellites - Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces
  • Market segmentation by energy storage
    • Segmentation by energy storage
      • Table Energy storage- Market share 2016-2021 (%)
    • Comparison by energy storage
      • Table Comparison by energy storage
    • Battery - Market size and forecast 2016-2021
      • Table Battery - Market size and forecast 2016-2021 ($ millions)
      • Table Global energy storage market for satellites by battery - Year-over-year growth 2017-2021 (%)
    • Fuel cell - Market size and forecast 2016-2021
      • Table Fuel cell - Market size and forecast 2016-2021 ($ millions)
      • Table Fuel cell - Year-over-year growth 2017-2021 (%)
    • Market opportunity by energy storage
      • Table Market opportunity by energy storage
  • Regional landscape
    • Geographical segmentation
      • Table Global energy storage market for satellites - Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2016-2021
      • Table Americas - Market size and forecast 2016-2021 ($ millions)
      • Table Americas - Year-over-year growth 2017-2021 (%)
    • EMEA - Market size and forecast 2016-2021
      • Table EMEA - Market size and forecast 2016-2021 ($ millions)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
    • APAC - Market size and forecast 2016-2021
      • Table APAC - Market size and forecast 2016-2021 ($ millions)
      • Table APAC - Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global Li-ion battery cost 2009-2016
      • Table Global satellite industry revenue 2016-2021 ($ billions)
      • Table Budget spending of major space agencies 2017 (%)
    • Market challenges
  • Market trends
    • Development of microsatellites and nextgeneration batteries
      • Table Global small satellite* launch data 2006-2016 (unit in number of launches)
    • Advances in satellite communication
    • Emergence of 3D printed satellite
  • Vendor landscape
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
    • EaglePicher Technologies
      • Table EaglePicher Technologies: Key products
    • EnerSys
      • Table EnerSys: Key products
    • GS Yuasa Lithium Power
      • Table GS Yuasa Lithium Power: Key products
    • Mitsubishi Electric
      • Table Mitsubishi Electric: Key products
    • Saft
      • Table Saft: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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