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Lithium-ion Battery Storage and Thermal Storage Make Gains, Energy, Residential and Commercial Storage Applications Offer Strong Growth Potential
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This outlook deliverable highlights the key trends in the energy storage industry for the year 2016. It covers alternative energy storage technologies such as thermal energy storage (TES), flywheel energy storage (FES), compressed air energy storage (CAES), and supercapacitors and batteries that are used for renewable energy storage, as well as in consumer, industrial, and electric vehicles. It provides the technology forecast, applications, and regional trends (Asia-Pacific, Europe, and North America), along with key government initiatives. Some of the trends include: sustained growth in energy storage, strong growth in residential and commercial storage, and more than 30% growth in Li-ion batteries for electric vehicles.
Asia-Pacific Lithium-ion Battery Market, Forecast to 2025
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