Visiongain publishes Grid-Scale Battery Storage Technologies Market 2020-2030 report
Forecasts by Type (Lithium-Ion, Sodium-Based, Flow Batteries, Advanced Lead Acid, Others), by Application (Utility, Commercial, Residential), by Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa), Plus Analysis of Leading Companies
LONDON, Aug. 27, 2020 /PRNewswire/ -- Energy storage is the process of capturing the produced energy in devices. These devices discharge energy at any time desired by the user. Energy storage typically refers to a cluster of technologies which is dependent on the application. Some of the functions of energy storage include arbitrage, frequency regulation, demand shifting & peak shaving, integration of variable renewables, e-mobility, and seasonal storage. Energy storage is varied subject covering battery storage for domestic PV installations of a few kW to pumped hydro systems of several hundred MW. These systems also have varied response times from frequency responses for grid operators to seasonal storage in hydro reservoirs.
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Grid Scale Battery Storage Technologies Market Dynamics:
• Increasing Electricity Production and Demand
• Rising Energy Prices Indirectly Incentivize Grid-Scale Battery Storage
• Investments in Research, Development and Demonstration Projects
• The Importance of Renewable Energy Integration
• Smart Grids and Distributed Power Generation Systems
• The Developing Electric Vehicle Market
• The Role of Changing National Policies towards Energy Storage
• The Potential of Deregulating the Electric Utility Markets
• Growing Experience Monetizing Storage
• Ancillary Services Issues
• System Lifetime Cost
• Conservatism in the Utility Industry May Hinder Growth
• The Policy and Regulatory Challenges Ahead
• The Impact of Weak Market Demand for Grid-Scale Battery Storage
• Competition from Other Energy Storage Technologies
• Limited Cost Recovery Opportunities
• Artificial Intelligence (AI) in Energy Storage
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Grid Scale Battery Storage Technologies Market Segmentation 2020-2030:
Segmentation by Type, 2020-2030 (USD Million, MW)
• Lithium-Ion
• Sodium-Based
• Flow Batteries
• Advanced Lead Acid
• Others
Segmentation by Application, 2020-2030 (USD Million, MW)
• Utility
• Commercial
• Residential
Segmentation by Geography, 2020-2030 (USD Million, MW)
• North America
– U.S.
– Canada
• Europe
– Germany
– UK
– France
– Italy
– Spain
– Rest of Europe
• Asia-Pacific
– China
– Japan
– India
– South Korea
– Australia
– Rest of Asia Pacific
• Central & South America
– Brazil
– Chile
– Mexico
– Rest of Central & South America
• Middle East & Africa
– GCC
– South Africa
– Rest of Middle East & Africa
Grid Scale Battery Storage Technologies Market: Top 10 Companies
• Panasonic Corporation
• SAMSUNG SDI CO., LTD.
• LG Chem
• BYD COMPANY LIMITED
• GS Yuasa Corporation
• Hitachi, Ltd
• Tesla Energy Operations (SolarCity)
• General Electric Company
• Mitsubishi Electric Corporation
• Sumitomo Electric Industries
To request a report overview of this report please email [email protected] or refer to our website: https://www.visiongain.com/report/grid-scale-battery-storage-technologies-market-report-2020-2030/
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Companies covered in the report include:
ABB Ltd
AEG Power Solutions B.V.
Aggreko Plc
BYD COMPANY LIMITED
Electrovaya
General Electric Company
GS Yuasa Corporation
Hitachi, Ltd
LG Chem
Mitsubishi Electric Corporation
NGK Insulators
Nidec Industrial Solutions
OutBack Power Technologies
Panasonic Corporation
Saft Groupe SA
SAMSUNG SDI CO., LTD.
SMA Solar Technology
SOCOMEC Group S.A.
Sumitomo Electric Industries
Tesla Energy Operations (SolarCity)
To see a report overview please e-mail [email protected]
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SOURCE Visiongain
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