Energy Storage

06 Feb 2023  |  Global  |  Market Research

Battery Energy Storage Growth Opportunities

Renewed Governmental Support for Clean Energy Transition Propels an Already Fast growing Industry

Infographics

×

Global battery energy storage (BES) deployment grew 51.8% in 2022 from 2021, with 17.54 GW/38.2 GWh commissioned. 2022 was a historic turning point in the clean energy transition. Despite constraints in the supply of critical minerals and materials, shipping, and sitting and permitting processes, BES is a burgeoning technology poised for accele...

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 residential battery storage market will continue its recent trajectory of strong growth, with global revenues increasing from $3.05 billion in 2021 to reach $8.11 billion in 2030. High electricity prices, declines in feed-in tariffs and net metering payments, and continued declines in lithium-ion battery prices and associated components are the...

23 Apr 2020  |  Global  |  Market Research

Global Battery Energy Storage Market

COVID-19 Update

Infographics

×

Increasing electricity costs and grid demand charges, declining feed-in tariffs, and declining technology and projects costs all mean that energy storage is becoming a much more attractive proposition for consumers from household to heavy industry. The market has enjoyed high growth rates since 2015, but the volume of installations is still only a ...

30 Mar 2020  |  Global  |  Market Research

Global Ultracapacitor Market, Forecast to 2026

Adoption of Electric Vehicles Contributes to Strong Revenue Growth, While the Mature Consumer Electronics Vertical Drives Volumes

Infographics

×

Key Issues Addressed

Ultracapacitors are energy storage devices that are best suited for high-impulse power. As ultracapacitors have a small storage capacity, they are usually used to complement another energy storage device (mostly batteries). Ultracapacitors find profound applications in consumer electronics devices, such as laptops, smartphones, smart toys, video re...

The global Starting, Lighting and Ignition (SLI) Lead Acid Battery market is mature but continues to exhibit consistent and continuous demand. The sector is characterized by intense competition and limited product differentiation. Lead acid batteries are the earliest form of energy storage solutions that generate electricity from a chemical composi...

The global Lithium-ion battery market by application (grid + energy storage, automotive, industrial, and consumer electronics) and by region (North America, Europe, APAC, and Rest-of-the-world) is expected to grow at a compound annual growth rate (CAGR) of 17.9% during 2018–2025. Market growth is fuelled by rising demand for energy storage across...

Majority of the UPS systems has battery to store energy that will be used during power outage. The stationary lead-acid battery is the predominant battery chemistry used in these UPS, while lithium ion is the emerging chemistry that is revolutionizing the industry. Among the UPS applications, the role of batteries in commercial, industrial, data ce...

31 Dec 2018  |  North America  |  Market Research

Commercial Battery Energy Storage Market in Key Markets, Forecast to 2025

With Rising Demand Charges, Rapid Battery Price Reductions, Rampant Technological Innovation and Evolving Business Models, the Global Commercial Battery Storage Market will Exhibit Dramatic Growth Till 2025

Infographics

×

The commercial battery storage market is expected to show enormous growth, rising from $160.4 million in 2017 to $1.6 billion by 2025. Behind-the-meter battery energy storage systems at commercial sites offer attractive benefits such as peak demand charge reduction, back up, peak shaving and using batteries to participate in the local ancillary gri...