About Grid Scale Energy Storage
A grid-scale energy storage system stores power when there is excess and releases energy when there is demand such as during power outage. The increased use of intermittent renewable energy sources has resulted in the use of energy storage systems. Electricity storage primarily fills the gap between the ramping down/ ramping up time of wind/ solar powered energy generation systems. The energy storage systems provide operational support to ensure a smooth, uninterrupted flow of electricity supply. They maintain the power quality and reliability with short response time. In addition, they also smoothen the energy output of renewable sources, which are intermittent in nature.
Technavio’s analysts forecast the global grid-scale energy storage market to grow at a CAGR of 34.8% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global grid-scale energy storage market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of grid-scale energy storage systems.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Grid Scale Energy Storage Market 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 key vendors operating in this market.
Key vendors
• ABB
• Beacon Power
• Hydrostor
• LG Chem Johnson Controls
Other prominent vendors
• EnerVault
• GE
• Samsung SDI
• S&C Electric
• SustainX
Market driver
• Extensive use of energy storage technologies in utility sector
• For a full, detailed list, view our report
Market challenge
• Use of lead acid batteries as energy storage
• For a full, detailed list, view our report
Market trend
• Growing use of renewable sources
• 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 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?
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
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by technology
• Global grid-scale energy storage market by technology 2015-2020
• Global grid-scale energy storage market by technology 2015-2020
• Global grid scale energy storage market by pumped hydroelectric system 2015-2020
• Market size and forecast
• Global grid scale energy storage market by others 2015-2020
• Market size and forecast
PART 07: Geographical segmentation
• Global grid scale energy storage market by geography
• Grid scale energy storage market in Americas
• Grid scale energy storage market in APAC
• Grid scale energy storage market in EMEA
PART 08: Market drivers
• Government support
• Increase in R&D activities
• Extensive use of energy storage technologies in utility sector
PART 09: Impact of drivers
PART 10: Market challenges
• Use of lead acid batteries as energy storage
• High cost of large-scale energy storage systems
• Technological risks
PART 11: Impact of drivers and challenges
PART 12: Market trends
• Growing use of renewable sources
• High demand for consistent and secure power
• Development of next-generation batteries
PART 13: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 14: Key vendor analysis
• ABB
• Beacon Power
• Hydrostor
• LG Chem
PART 15: Appendix
• List of abbreviations
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Grid-scale energy storage
Exhibit 03: Segmentation of global grid scale energy storage market
Exhibit 04: Energy storage application and technology
Exhibit 05: Global grid-scale energy storage market 2015-2020 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global grid-scale energy storage by technology 2015-2020
Exhibit 08: Global grid-scale energy storage market by technology 2015-2020
Exhibit 09: Global grid scale energy storage market by pumped hydroelectric system 2015-2020 ($ billions)
Exhibit 10: Technical specification on PHS
Exhibit 11: PHS installation's contribution to electric supply based on various countries in 2014 (%)
Exhibit 12: Global grid scale energy storage market by others 2015-2020 ($ billions)
Exhibit 13: Global grid scale energy storage by technology 2015
Exhibit 14: Global grid-scale energy storage by technology 2020
Exhibit 15: Some of the operational solar CSP plants using thermal energy storage
Exhibit 16: Technical specification of CAES
Exhibit 17: Technical specification of flywheel storage
Exhibit 18: Global grid scale energy storage market by geography for 2015-2020
Exhibit 19: Global grid scale energy storage market by geographical segmentation 2015-2020
Exhibit 20: Grid scale energy storage market in Americas 2015-2020 ($ billions)
Exhibit 21: Carbon emission by various sectors in 2014
Exhibit 22: Proposed target for California (MW)
Exhibit 23: Grid scale energy storage market in APAC 2015-2020 ($ billions)
Exhibit 24: Energy storage market in China by 2020
Exhibit 25: Grid scale energy storage market in EMEA 2015-2020 ($ billions)
Exhibit 26: DOE addressing challenges in grid-scale energy storage market
Exhibit 27: Impact of drivers
Exhibit 28: Batteries technology in energy storage system
Exhibit 29: Comparison of battery technology
Exhibit 30: Impact of drivers and challenges
Exhibit 31: Growth of renewable sources 2009-2014
Exhibit 32: Other prominent vendors
Exhibit 33: Key news
Exhibit 34: Kew news
Exhibit 35: Key news
Exhibit 36: Recent developments
