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(MoneyNewsWire.Net, July 13, 2016 ) Description-
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.
Technavios 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 key vendors 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 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 analysts time when you purchase this market report. Details are provided within the report.
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Table of Contents
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
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