Frost Radar in the Battery Energy Storage Market

Frost Radar in the Battery Energy Storage Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
14-May-2019
REGION
Global
Research Code: ME7C-01-00-00-00
SKU: EG01979-GL-MR_23161

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Description

The global battery energy storage industry is predicted to have double-digit growth, and this will be driven by both front of the meter and behind the meter applications. Falling battery costs, increased grid modernization initiatives, rapid growth in variable renewable energy generation, participation of battery storage in various wholesale electricity markets, government incentives, and the trend towards self-consumption are driving the demand for battery energy storage systems.

Many battery manufacturers are beginning to incorporate energy intelligence into storage systems and are unlocking multiple revenue opportunities by allowing energy storage systems at the customer site to participate in the local energy market. The major growth opportunities can be derived from the residential and the commercial and industrial (C&I) solar storage market, which is poised to accelerate. This is because business models such as community energy trading and energy storage-as-a-service are expected to be the key driving factors.

For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A). We analyzed more than 100 companies that fall into the Frost & Sullivan definition of battery energy storage systems and then narrowed this down to 27 companies based on their growth indicators and recent innovations. Frost & Sullivan has evaluated and positioned these 27 companies based on 2 major indices, Growth and Innovation, and each of these indices has 5 criteria.

Companies that are positioned in the radar are: LG Chem, Samsung SDI, Tesla, Panasonic, BYD, Sonnen, SMA, Solarwatt, VARTA Storage, Sungrow, Enphase, Younicos, SENEC, RedFlow, Akasol, Kokam, Leclanche, JLM Energy, RedT, Primus Power, Powervault, Moixa, Ecoult, SAFT, NEC, ViZn Energy Systems Inc., and IBC Solar.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Key Issues Addressed

  • What are innovative offerings of companies?
  • What are their strengths and opportunities for the future?
  • What is the rationale behind each company's position in the radar?

Table of Contents

Industry Overview

Tesla

Samsung SDI

LG Chem

Sonnen

VARTA Storage

Panasonic

BYD

SOLARWATT

Leclanche

Kokam

Redflow

SMA

Younicos

SENEC

Saft

Moixa

Powervault

Enphase

redT energy

IBC Solar

JLM Energy

NEC Energy Solutions

Sungrow

Akasol

ViZn Energy

Primus Power

Ecoult

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Related Research
The global battery energy storage industry is predicted to have double-digit growth, and this will be driven by both front of the meter and behind the meter applications. Falling battery costs, increased grid modernization initiatives, rapid growth in variable renewable energy generation, participation of battery storage in various wholesale electricity markets, government incentives, and the trend towards self-consumption are driving the demand for battery energy storage systems. Many battery manufacturers are beginning to incorporate energy intelligence into storage systems and are unlocking multiple revenue opportunities by allowing energy storage systems at the customer site to participate in the local energy market. The major growth opportunities can be derived from the residential and the commercial and industrial (C&I) solar storage market, which is poised to accelerate. This is because business models such as community energy trading and energy storage-as-a-service are expected to be the key driving factors. For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A). We analyzed more than 100 companies that fall into the Frost & Sullivan definition of battery energy storage systems and then narrowed this down to 27 companies based on their growth indicators and recent innovations. Frost & Sullivan has evaluated and positioned these 27 companies based on 2 major indices, Growth and Innovation, and each of these indices has 5 criteria. Companies that are positioned in the radar are: LG Chem, Samsung SDI, Tesla, Panasonic, BYD, Sonnen, SMA, Solarwatt, VARTA Storage, Sungrow, Enphase, Younicos, SENEC, RedFlow, Akasol, Kokam, Leclanche, JLM Energy, RedT, Primus Power, Powervault, Moixa, Ecoult, SAFT, NEC, ViZn Energy Systems Inc., and IBC Solar. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlig
More Information
No Index No
Podcast No
Author Utham Ganesh
Industries Energy
WIP Number ME7C-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9AFF-A4,9B00-A4,9852