Energy Storage

Stationary lithium-ion systems are key components of the energy storage architecture, which fulfill energy storage requirements for utilities, residential, and commercial customers. The global growth of renewable energy installations has increased intermittent energy production, creating an unbalanced grid. This has led to a demand for energy stora...

The lithium-ion battery market is considered a high growth market. Because demand for energy storage is increasing, the need for lithium-ion batteries is also increasing. The segments that will exhibit high growth rates for these batteries include automotive, grid and renewable energy storage, consumer, and industrial. With greater emphasis on gree...

Demand for Indian SLA batteries worldwide has increased manifold. Indian manufacturers are also expanding their operations to meet the high demand from the domestic market. The growth drivers for SLA batteries include back up power requirement for growing IT/ ITeS sector; widening BFSI network and ATM expansion; rising automation across business e...

This research service covers large-scale grid-storage systems in Asia-Pacific. Pumped hydro energy storage systems constitute the highest market share, followed by battery energy storage systems, and emerging technologies. This is expected to be slowly replaced by large-capacity batteries of lithium-ion, sodium sulfur, and lead acid technologies in...