Energy Storage Market
Energy Storage program area includes Batteries, Grid Stabilization and other Emerging Technologies evolving for Energy Storage.
At Frost & Sullivan, we have a dedicated team tracking the developments in these verticals, and offer Syndicated research services; Customized research, Strategic consulting, and Growth Opportunity Analysis workshop that help clients come up with the multiple changes happening in this dynamic market. Research in the battery industry tracking back to the past 2 decades, offers us the distinct advantage of strong understanding of market evolution in this domain.
Intelligent Software-based Energy Storage Solutions Providing Grid Ancillary Services Driving the Market
Region : EuropeThe 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...USD 3,000.00Read More
Despite Penetration from Lithium-ion, Lead-acid Battery Will Dominate Deep Cycle Application
Region : GlobalThe 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 Powertrain Technologies will Play a Significant Role in Changes in the Automotive Value Chain
Region : GlobalElectric 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...
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...