About the Battery Energy Storage Market for Smart Grid
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With growth in population and increasing urbanization, there has been an increase in power consumption. Excess power consumption has led to power outages in many countries and has also resulted in heavy loads during peak hours. One of the reasons for power outages is the massive loss of electricity during its transmission and distribution from the power plants. The use of smart grid storage technologies enables reduction of such losses and improves the efficiency of power plants.
Technavio’s analysts forecast the global battery energy storage market for smart grid to grow at a CAGR of 72.91% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global battery energy storage market for smart grid for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of battery energy storage for smart grid globally. The report does not include revenue generated from the aftermarket service of the product.
The market is divided into the following segments based on geography:
• America
• APAC
• EMEA
Technavio's report, Global Battery Energy Storage Market for Smart Grid 2016-2020, 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 operating in this market.
Key vendors
• Siemens
• ABB
• Samsung SDI
• GE-Alstom
• A123
• Bosch
• BYD
Other prominent vendors
• AES Energy Storage
• LG Chem
• Saft
• Axion Power International
• Solar Grid Storage
Market driver
• Greater need for energy storage as distributed generation
• For a full, detailed list, view our report
Market challenge
• High installation costs
• For a full, detailed list, view our report
Market trend
• Grid modernization
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 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 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Technological overview
• Market overview
• Market size and forecast by revenue
• Five forces analysis
PART 06: Market segmentation by batteries
• Global battery energy storage market for smart grid by batteries 2015
• Global battery energy storage market for smart grid by batteries 2020
• Global battery energy storage market for smart grid by batteries 2015-2020
• Global Li-ion battery market 2015-2020
• Global lead-acid battery market 2015-2020
• Global sodium-sulfur battery market 2015-2020
PART 07: Market segmentation by geography
• Global battery energy storage market for smart grid by geography
• Battery energy storage market for smart grid in Americas
• Battery energy storage market for smart grid in APAC
• Battery energy storage market for smart grid in EMEA
PART 08: Market drivers
• Rise in power consumption
• Greater need for energy storage as distributed generation
• Need for energy storage in solar energy systems
• Rapid progress in smart grid technologies
• Increased investment in smart grid technologies
• Heightened usage of renewable resources
• Improvement in performance with advanced technologies
PART 09: Impact of drivers
PART 10: Market challenges
• High installation costs
• Technological challenges of Li-on batteries
• Pollution caused by lead-acid recycling
• Operational challenges of lead-acid batteries
PART 11: Impact of drivers and challenges
PART 12: Market trends
• Technological advances
• Grid modernization
• Intermittency of renewable energy storage
• Increased investment in energy storage
• Entry of new players
PART 13: Key leading countries
PART 14: Vendor landscape
• Competitive landscape
• Other prominent vendors
PART 15: Key vendor analysis
• Siemens
• ABB
• Samsung SDI
• GE-Alstom Grid
• A123 Systems
• Bosch
• BYD
PART 16: Appendix
• List of abbreviations
PART 17: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Characteristics of different batteries
Exhibit 03: Types of batteries used in energy storage
Exhibit 04: Global investments in smart grids for 2009-2015 ($ billions)
Exhibit 05: Segmentation of smart energy market
Exhibit 06: Global battery energy storage market for smart grid 2015-2020 (MW)
Exhibit 07: Five forces analysis
Exhibit 08: Global battery energy storage market for smart grid 2015
Exhibit 09: Global battery energy storage market for smart grid 2020
Exhibit 10: Global battery energy storage market for smart grid 2015-2020
Exhibit 11: Global Li-ion battery market 2015-2020 (MW)
Exhibit 12: Global lead-acid market 2015-2020 (MW)
Exhibit 13: Global digital oil field market 2015-2020 ($ billions)
Exhibit 14: Global battery energy storage market for smart grid by geography for 2015
Exhibit 15: Global battery energy storage market for smart grid by geography for 2020
Exhibit 16: Global battery energy storage market for smart grid by geographical segmentation 2015-2020
Exhibit 17: Battery energy storage market for smart grid in Americas 2015-2020 ($ billions)
Exhibit 18: Battery energy storage market for smart grid in APAC 2015-2020 ($ billions)
Exhibit 19: Battery energy storage market for smart grid in EMEA 2015-2020 ($ billions)
Exhibit 20: DER application and benefits
Exhibit 21: Commonly used DER
Exhibit 22: Advantages of EVs
Exhibit 23: Smart grid functionality
Exhibit 24: Services provided by energy storage
Exhibit 25: Benefits of advanced battery energy storage system
Exhibit 26: Impact of drivers
Exhibit 27: Challenges faced while using Li-ion batteries
Exhibit 28: Recycling effects of lead-acid batteries
Exhibit 29: Challenges of lead-acid battery
Exhibit 30: Impact of drivers and challenges
Exhibit 31: Cumulative T&D infrastructure investments 2014-2035 ($ trillion)
Exhibit 32: US CO? emission 2009-2013
Exhibit 33: Total number of smart meters in US by sectors (2015)
Exhibit 34: US smart grid spending 2008-2017
Exhibit 35: Smart grid investments
Exhibit 36: Business segmentation by revenue 2015
Exhibit 37: Business segmentation comparison by revenue 2014 and 2015
Exhibit 38: Product portfolio
Exhibit 39: Product portfolio
Exhibit 40: Key projects
Exhibit 41: Product portfolio
Exhibit 42: Battery storage for smart grid product portfolio
Exhibit 43: Product portfolio
