Energy Storage Market
With Increasingly Favourable Market Conditions, Rapid Price Reductions and Rampant Technological Innovation, the Global Residential Battery Storage Market Will Show Dramatic Growth Till 2022
Region : GlobalThe 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...
Residential ESS and Molten Salt Thermal Storage Will Record Strong Growth, as New Business Models Continue to Emerge
Region : GlobalThe 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...USD 6,000.00Read More
Telecom, Data Center, and Backup Applications Boost Battery Demand
Region : GlobalThe stationary lead-acid battery is an important and the most dominating chemistry with revenues in billions of dollars in 2017. Telecom, data center, and UPS applications are driving the demand for efficient, cost-effective, reliable, and long-standing solutions. Lead-acid battery, with all its desirable features, including affordability and avail...
Growth in Renewable Energy and Distributed Generation to Drive the Global Industrial Battery Market
Region : GlobalThe global industrial battery market is a well-established one which is expected to grow at a CAGR of 7.1% between 2014 and 2023. The major factors driving industrial batteries are the surging demand from energy storage and stationary applications, reinforced by advancements in battery technology. Industrial batteries for grid storage represent a u...
An Overview of the Current State of Prosumerism and the Challenges and Solutions Enabling the Transition
Region : GlobalProsumerism can help the energy end users achieve energy ownership. The stakeholders can decide what to do with the energy they produce. It helps them take part in energy selling and procuring and also provides them with the choice of whom to buy from and at what price. The export of excess energy can also be done at prices they deem suitable for t...
Development of Remote Power Systems and Mobile Connectivity will Drive Uptake of Battery Energy Storage Systems
Region : AfricaPower storage through the use of battery energy storage systems is critical to countries in Sub-Saharan Africa. While the foremost application of battery storage would be in renewable energy-based off-grid power systems for rural electrification and all-round electricity access, batteries are set to play a major role across commercial and industria...USD 3,000.00Read More
Utility-scale Projects by Vanadium Redox Chemistry Dominate the Market Accounting for Over 80% of Revenue
Region : GlobalThe importance of utility-based energy storage is driving demand for multiple options of efficient, cost-effective, and long standing storage solutions. The flow battery, with all its attractive features, is to become the most preferred chemistry for utility-based storage. Thus, the global flow battery market will witness a steady growth in unit vo...
The Current Focus Area is to Increase Specific Capacity of Battery
Region : GlobalThere are 3 main goals that influence direction research and development for anode and cathode for lithium-ion batteries, which are to increase longevity of the battery both in terms of capacity and calendar life, to widen safe operating windows and to reduce cost per kWh of battery. These 3 main goals or achievement lead or push researchers to con...
Transformational New Business Models Focussing on Integrated Distributed Energy Storage Systems
Region : North AmericaDistributed energy resources and distributed energy storage systems (ESS) are changing the face of power generation and distribution in the Organisation for Economic Co-operation and Development (OECD) countries. To tap these new market opportunities, consumers need to be properly supported with financing options for ESS installations. The study s...USD 3,000.00Read More
Identifying Best Practices among Leading Firms
Region : EuropeThe energy industry, which has traditionally been highly stable, is currently undergoing a drastic transformation. A number of disrupting elements, including the digitisation of electricity networks and products, deregulation, increased competition from new entrants, decreasing demand, a shift to cleaner energy sources, changes in consumption patte...USD 1,500.00Read More