Global Energy Storage Market Outlook, 2018

Global Energy Storage Market Outlook, 2018

Residential ESS and Molten Salt Thermal Storage Will Record Strong Growth, as New Business Models Continue to Emerge

RELEASE DATE
23-Feb-2018
REGION
Global
Research Code: MDC1-01-00-00-00
SKU: EG01860-GL-MO_21568

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Description

The energy storage market is being swept by a wave of disruptive technologies and business models with companies looking to capitalise on this lucrative market. Deep understanding of the BESS technologies is currently a roadblock to its widespread adoption. Companies should embrace technologies such as energy storage virtual power plants to not only reduce the demand charges during the peak demand period but also offer a revenue generation opportunity by participating in the utilities’ DR programs and other load-balancing programs. Integration of innovative business models and multiple revenue streams such as revenue stacking must be adopted by the storage providers to tap the full potential while enhancing the attractiveness of the energy storage solutions. This outlook deliverable highlights the key trends in the energy storage industry for the year 2018. 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, value chain analysis, and emerging companies in the energy storage domain.

Some of the trends include the following:
1) Total installed capacity will grow 15.9% between 2017 and 2018
2) Molten salt thermal storage market will dominate in 2018
3) Flow batteries will provide strong competition for lithium ion in battery energy storage applications.

Key Growth Opportunities include:
1) Innovations in current offerings and expansion of product offerings.
2) Innovative business models and multiple revenue streams.
3) Mergers and acquisitions and geographic expansion.
4) Rise of wearable technologies and thin film batteries.

Some of the key companies in this market include:
Project Developers: AES, Younicos, NEC Energy Solution, Greensmith Energy, S&C Electric, LG CNS, Advanced Microgrid, Convergent
Power+Energy, Duke Energy, Tesla, Nextra Energy.

BESS Technology Providers: Redflow, NGK Insulators, BYD, Sumitomo, Tesla, Samsung SDI, LG Chem, Kokam, Fiamm, Saft, NEC, Panasonic.

Power Electronics Suppliers: ABB, Acme Electricity Corporation, Alfen, Eugana Technologies, Clean Energy Storage, LG CNS, GE, Parker Hannifin, Princeton Power Systems, Schneider, Dynapower, Eaton, S&C Electric, Bosch, SMA.

Software Solutions: Stem Inc, Greencharge, Greensmith Energy, Geli Fluence, JLM Energy, Sunverge, Advanced Microgrid Solutions Inc.

Utilities: Consolidation Edison Company of New York, Duke Energy, EDF, Enel, National Grid, E.On, San Diego Gas & Electric, Hawaiian Electric Company, Korea Electric Power Corporation, Kyushu Electric Power Company, Pacific Gas & Electric, Southern California Edison, Terna, Western Power.

RESEARCH: INFOGRAPHIC

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Table of Contents

Energy Storage Market Predictions for 2018

Global Energy Storage Technologies Forecast for 2018

Top 6 Attractive Countries in 2018—Total Installation Forecast of Energy Storage Projects

Research Scope

Market Definition and Segmentation

Key 2018 Alternative Energy Storage Systems Market Predictions

Alternative Energy Storage Technologies Lifecycle

Key Technology Trends and Market Watch for 2018

TES Technology

CAES Technology

Flywheel Energy Storage Technology

Supercapacitors

New Technologies—Advanced Rail Energy Storage (ARES)

Global Alternative Energy Storage Technologies Forecast for 2018

Regional Trends—North America

Regional Trends—Europe

Regional Trends—APAC

Alternative Energy Storage Technologies—Applications

Alternative Energy Storage Technologies—Applications (continued)

ESS Business Model Developments

Key Battery Market Trends for 2018

Market Size and Growth—Residential, Non-residential, and Utility Scale

Market Forecast—Grid-scale Battery Energy Storage Systems

2017 Geographic Segmentation—Grid-scale BESS

2018 Geographic Segmentation—Grid-scale BESS

Regional Trends—APAC

Regional Trends—Europe

Regional Trends—North America

BESS Global Market Attractiveness

Technology Spotlight*

Battery Energy Storage Technology Trends

Key Technology Trends

Storage Market Policies—Global Incentives

Storage Market Policies—Global Incentives (continued)

Battery Storage Trend for Consumer, Industrial, and EV Applications

Li-ion Device Batteries—Are They Safe?

Market Size and Growth—Consumer and Industrial

EV Battery Market Size and Growth

Regional Trends—APAC

Regional Trends—Europe

Regional Trends—North America

Growth Opportunity 1—Emerging Business Models

Growth Opportunity 2—Investment/M&A

Strategic Imperatives for Success and Growth—Critical Success Factors for Growth of ESS Technologies Across Regions

BESS Value Chain

Flywheel Storage Stakeholders

Thermal Energy Storage Stakeholders

Compressed Air Energy Storage Stakeholders

Supercapacitors Energy Storage Stakeholders

Companies to Watch—New Product/Technology/Service Launches in 2018

Key Conclusions and Future Outlook

Legal Disclaimer

Top 2017 Economic Trends

Top 2018 Economic Predictions

Top 2018 Predictions—Advanced Economies

Top 2018 Predictions—Emerging Market Economies

World GDP Growth Snapshot

World’s 20 Fastest Growing Economies in 2017 and 2018

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Abbreviations and Acronyms Used

Abbreviations and Acronyms Used (continued)

Additional Sources of Information on the Energy Storage Market

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The energy storage market is being swept by a wave of disruptive technologies and business models with companies looking to capitalise on this lucrative market. Deep understanding of the BESS technologies is currently a roadblock to its widespread adoption. Companies should embrace technologies such as energy storage virtual power plants to not only reduce the demand charges during the peak demand period but also offer a revenue generation opportunity by participating in the utilities’ DR programs and other load-balancing programs. Integration of innovative business models and multiple revenue streams such as revenue stacking must be adopted by the storage providers to tap the full potential while enhancing the attractiveness of the energy storage solutions. This outlook deliverable highlights the key trends in the energy storage industry for the year 2018. 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, value chain analysis, and emerging companies in the energy storage domain. Some of the trends include the following: 1) Total installed capacity will grow 15.9% between 2017 and 2018 2) Molten salt thermal storage market will dominate in 2018 3) Flow batteries will provide strong competition for lithium ion in battery energy storage applications. Key Growth Opportunities include: 1) Innovations in current offerings and expansion of product offerings. 2) Innovative business models and multiple revenue streams. 3) Mergers and acquisitions and geographic expansion. 4) Rise of wearable technologies and thin film batteries. Some of the key companies in this market includ
More Information
No Index No
Podcast No
Author Utham Ganesh
Industries Energy
WIP Number MDC1-01-00-00-00
Is Prebook No
GPS Codes 9211,9301-A4,9597,9599,9851,9852,9AFE-A4,9AFF-A4,9B00-A4