Global Battery Energy Storage Systems for Smart Grid 2016-2020

Description-

About the Battery Energy Storage Market for Smart Grid

The suppression or filtering of electromagnetic noise in connectors can be achieved by adding diodes and capacitors to separate interfering high-voltage or high-frequency noise from the desired lower frequency signals. These connectors are called filtered connectors and have been used in the industry for more than three decades to provide cost- and space-effective solutions to EMI problems. They can be used in multiple applications such as satellites, avionics systems, communications, missiles, consumer electronics, and medical instruments.

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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.

Technavios 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 key vendors operating in this market.

Key vendors

Siemens

ABB

Samsung SDI

GE-Alstom

A123

Bosch

BYD

Other prominent vendors

AES Energy Storage

LG Chem

Saft

Axion Power International

Solar Grid Storage

Market driver

Greater need for energy storage as distributed generation

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Market challenge

High installation costs

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Market trend

Grid modernization

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Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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Table of Contents

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

PART 11: Impact of drivers and challenges

PART 12: Market trends

Technological advances

Grid modernization

Intermittency of renewable energy storage

Increased investment in energy storage

Entry of new players

PART 13: Key leading countries

PART 14: Vendor landscape

Competitive landscape

Other prominent vendors

PART 15: Key vendor analysis

Siemens

ABB

Samsung SDI

GE-Alstom Grid

A123 Systems

Bosch

BYD

PART 16: Appendix

List of abbreviations

PART 17: Explore Technavio

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