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 September 18, 2015 - 10:35 AM EDT
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Battery Energy Storage Market for Renewables – Technavio Unveils Trends, Forecast & Growth Prospects

A123 Systems, AES Energy Storage, and Axion Power International are three key vendors highlighted in a new Technavio report

Technavio has published a new report on the global battery energy storage market for renewables, which is expected to grow at a CAGR of almost 66% from 2015-2019.

Battery energy storage market segmentation including battery technology and geography

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different battery technologies, including Li-ion batteries, lead-acid batteries, sodium-based batteries, and other batteries.

Additionally, analysts have segmented market projections by key geography, focusing on the Americas, EMEA, and the APAC region.

“The increasing demand for Li-ion batteries is compelling manufacturers to adopt next-generation batteries for renewable energy storage. The Li-ion battery market is evolving by adopting high-energy silicon electrodes instead of conventional graphite ones,” says Faisal Ghaus, Vice President of Technavio.

Battery energy storage: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the global battery energy storage market for renewables from 2015-2019. To calculate the market size, the report considers the overall energy storage of renewable based on different battery technologies.

Industry analysis includes:

  • Key Vendors:
    • A123 Systems
    • AES Energy Storage
    • Axion Power International
    • BYD
    • NGK Insulators
    • LG Chem
    • Saft
    • Samsung SDI
  • Market Growth Drivers:
    • Need to mitigate intermittent nature of renewables
    • Rapid growth in smart grid technologies
  • Market Challenges:
    • Operational challenges of lead-acid batteries
    • Rising pollution from lead-acid recycling
  • Market Trends:
    • Development of next-generation batteries
    • Growing concerns of reducing emissions

View the global battery energy storage market for renewables report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the battery market:

If you are interested in more information, please contact our media team at

Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive

Source: Business Wire (September 18, 2015 - 10:35 AM EDT)

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