Energy Storage

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...

31 Dec 2018  |  North America

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

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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...

Battery management systems (BMS) are critical to ensure the safe and reliable operation of batteries, especially in advanced applications. The BMS market mirrors the growth of the battery market, and it is expected to grow steadily throughout the forecast period due to the increasing adoption of electric vehicles (xEVs), rising popularity of batter...

This study focuses on the electrochemical energy storage and innovations and technology advancements aimed at improving the energy storage performance. The study covers impactful innovations targeting improvement in crucial parameters like battery safety, energy density, charging time and cost reduction. It covers global best practices case studi...

12 Sep 2018  |  Europe

Dynamic Competitors in the European Battery Energy Storage Market, 2018

Intelligent Software-based Energy Storage Solutions Providing Grid Ancillary Services Driving the Market

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Key Issues Addressed

The European energy storage market is undergoing a stage of technological evolution, with digital transformation, electric vehicle (EV) penetration, and smart grid initiatives leading the charge. The European region is becoming a hotspot for energy storage driven by falling battery and photovoltaic (PV) costs, attractive subsidies, and increasing e...

The well-established global motive lead acid battery market is expected to witness a CAGR of 4.2% between 2017 and 2024. Material handling equipment is the key application using lead acid batteries, globally. Increase in eCommerce models is driving the need for warehouse. These warehouses need electric forklift for indoor operation that boosts the ...

Electric vehicles (EVs) are inevitable future of the automotive industry. Many manufacturers around the world are investing heavily for developing EVs, which is facilitated by a steady increase in prices for petroleum products, the need to reduce harmful emissions from cars, and development of energy storage technologies. This research service titl...

28 Mar 2018  |  Global

Global Residential Battery Energy Storage Market, Forecast to 2022

With Increasingly Favourable Market Conditions, Rapid Price Reductions and Rampant Technological Innovation, the Global Residential Battery Storage Market Will Show Dramatic Growth Till 2022

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Key Issues Addressed

The residential battery storage market is expected to show enormous growth over the period of 2016 to 2022, from a market of USD744 million in 2016 to USD3.6 billion by 2022. The market is being spurred on by feed-in tariff and net metering revisions in historic residential PV hotspots, subsidies and tax incentives, rapid price reductions in lithiu...

23 Feb 2018  |  Global

Global Energy Storage Market Outlook, 2018

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

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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 onl...