Research and Markets: Global Battery Energy Storage Market for Renewables 2015-2019
Research and Markets (http://www.researchandmarkets.com/research/hm2zz8/global_battery)
has announced the addition of the "Global
Battery Energy Storage Market for Renewables 2015-2019" report
to their offering.
The global battery energy storage market for renewables to grow at a
CAGR of 65.7% over the period 2015-2019.
The report, Global Battery Energy Storage Market for Renewables
2015-2019, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers he Americas, APAC, and
EMEA; it also covers the market landscape and its growth prospects in
the coming years. The report includes a discussion on the key vendors
operating in this market.
The report covers the present scenario and the growth prospects of the
global battery energy storage market for renewables for the period
2015-2019. The market has been segmented on the basis of geography and
battery technology.
Lead-acid batteries are traditionally used in the renewable energy
industry to store solar energy, and have applications in off-grid
renewable applications such as solar, wind, and limited grid connected
PV storage. However, the renewable industry is likely to face a shift in
the forecast period. The solar energy storage using lead-acid batteries
are expected to replace it with batteries with high efficiency, which
are less bulky and have a high energy density.
According to the report, the need to maintain grid stabilization, and
transmission and distribution (T&D) deferral along with the awareness of
issues pertaining to renewable sources, such as wind and solar PV, is
driving the battery energy storage market. In addition, the need for
optimizing variable renewables fed into grids and balancing the
demand-supply gap boosts the market growth. Energy storage batteries
enable efficient power supply to grid and supply shift for variable
nature of renewable energy sources. Ancillary services, such as
regulation in grid and voltage support with high variable renewable
energy share, are explored with an emphasis on short-term regulation at
the grid level.
Further, the report states that operational challenges of lead-acid
batteries is hindering the market growth.
Key vendors:
-
A123 Systems
-
AES Energy Storage
-
Axion Power International
-
BYD
-
LG Chem
-
NGK Insulators
-
Saft
-
Samsung SDI
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by battery technology
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/hm2zz8/global_battery
View source version on businesswire.com: http://www.businesswire.com/news/home/20151023005267/en/
Copyright Business Wire 2015
Source: Business Wire
(October 23, 2015 - 6:27 AM EDT)
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