About the Battery Energy Storage Market for Smart Grid
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With growth in population and increasing urbanization, there has been an increase in power consumption. Excess power consumption has led to power outages in many countries and has also resulted in heavy loads during peak hours. One of the reasons for power outages is the massive loss of electricity during its transmission and distribution from the power plants. The use of smart grid storage technologies enables reduction of such losses and improves the efficiency of power plants.
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Research Beam analysts forecast the global battery energy storage market for smart grid to grow at a CAGR of 72.91% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global battery energy storage market for smart grid for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of battery energy storage for smart grid globally. The report does not include revenue generated from the aftermarket service of the product.
The market is divided into the following segments based on geography:
• America
• APAC
• EMEA
Technavio’s report, Global Battery Energy Storage Market for Smart Grid 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the operating in this market.
Key vendors
• Siemens
• ABB
• Samsung SDI
• GE-Alstom
• A123
• Bosch
• BYD
Table Of Content:
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Technological overview
• Market overview
• Market size and forecast by revenue
• Five forces analysis
PART 06: Market segmentation by batteries
• Global battery energy storage market for smart grid by batteries 2015
• Global battery energy storage market for smart grid by batteries 2020
• Global battery energy storage market for smart grid by batteries 2015-2020
• Global Li-ion battery market 2015-2020
• Global lead-acid battery market 2015-2020
• Global sodium-sulfur battery market 2015-2020
PART 07: Market segmentation by geography
• Global battery energy storage market for smart grid by geography
• Battery energy storage market for smart grid in Americas
• Battery energy storage market for smart grid in APAC
• Battery energy storage market for smart grid in EMEA
PART 08: Market drivers
• Rise in power consumption
• Greater need for energy storage as distributed generation
• Need for energy storage in solar energy systems
• Rapid progress in smart grid technologies
• Increased investment in smart grid technologies
• Heightened usage of renewable resources
• Improvement in performance with advanced technologies
PART 09: Impact of drivers
PART 10: Market challenges
• High installation costs
• Technological challenges of Li-on batteries
• Pollution caused by lead-acid recycling
• Operational challenges of lead-acid batteries
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