Li-ion Battery Market for ESS in EMEA 2015-2019
About Li-ion Battery for ESS
ESS is a system used to store electricity when the amount of electricity generated is greater than the demand, which can then be utilized during power shortages, blackouts, and peak demand. ESS uses technologies such as pumped-hydro storage systems, flywheels, advanced batteries (Li-ion), and other evolving technologies such as CAES. Li-ion batteries are increasingly being preferred because of advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership. Technological advancement enables large-scale storage of electricity in Li-ion batteries.
Technavio's analysts forecast the Li-ion battery market for ESS in EMEA to grow at a CAGR of 31.6% over the period 2014-2019.
Covered in this Report
The Li-ion battery market for ESS in EMEA has been segmented based on technology and ownership model.
Technavio's report, Li-ion Battery Market for ESS in EMEA 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Li-ion battery market landscape for ESS in EMEA and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Leading Countries
Technavio Announces the Publication of its Research Report – Li-ion Battery Market for ESS in EMEA 2015-2019
Technavio recognizes the following companies as the key players in the Li-ion Battery Market for ESS in EMEA: A123 System, BYD, Kokam, LG Chem, Panasonic, Saft and Samsung SDI
Other Prominent Vendors in the market are: ABB, AES Energy Storage, Altair Nanotechnologies, EnerDel, Sony, Toshiba and Valence Technology
Commenting on the report, an analyst from Technavio’s team said: “The demand for decentralized power generation has evolved over time because of increasing power losses from centralized power sources. Moreover, increased renewable power generation in remote locations has boosted the demand for ESS, which will indirectly drive the demand for Li-ion batteries in decentralized power sources.”
According to the report, the inherent benefits of Li-ion batteries and the high demand for ESS among various end-user segments have gained the interest of several vendors, thereby attracting investment toward these segments.Further, the report states that the per-unit cost of Li-ion batteries for ESS is significantly higher than other advanced batteries. This makes investors reluctant to invest in Li-ion, thereby hampering market growth.
A123 System, BYD, Kokam, LG Chem, Panasonic, Saft, Samsung SDI, ABB, AES Energy Storage, Altair Nanotechnologies, EnerDel, Sony, Toshiba, Valence Technology