IDTechEx Research Announces New Report on Residential, Commercial, Industrial and Utility-Scale Battery Systems

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Battery energy storage systems (BESS) will not develop in isolation. The quick deployment of BESS in various sectors is largely stimulated by rapid battery price reduction, mainly due to the economy of scale rather than technology improvement. The large demand is not merely generated by BESS, but also includes electric vehicles, distributed PV installations, introduction of renewable generations like wind and solar, saturation of consumer electronics, among others. The expansion of battery-related business helps to de-risk the upfront investment and generate second revenue. Therefore, there is an increasing number of partnerships, joint ventures, acquisitions among material providers, battery makers, electric vehicle vendors, PV system integrators and heavy industry players.

Due to the different regulatory structures, supporting policies, electricity retail rates, penetration of renewables, customers' ability to pay, etc. the market development will vary from region to region. BESS can provide a number of benefits/values, however, based on the current price range, the economic return varies from case to case. IDTechEx has heard different opinions from vendors and analysts/bankers/academia. Detailed analysis is performed in the report.

Stationary Batteries for Residential, Commercial, Industrial and Utilities 2016-2026: Market, Opportunities, Players focuses on electrochemical energy storage, especially batteries applied in residential, commercial & industrial and grid storage sectors, covering benefits/values provided by battery storage systems, cost analysis, economic evaluation, available and future business models, go-to-market strategies, market status analysis globally, 10 year market forecasts segmented by country and application and key company profiles.

This new report is available for order on the IDTechEx website at www.IDTechEx.com/stationary. Learn more about IDTechEx here.

IDTechEx provides companies with tools that can assist them in making essential strategic decisions in emerging technologies. IDTechEx offers research reports, subscriptions, consultancy, introductory services and events.

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SOURCE IDTechEx