Grid-Scale Electricity Storage Technologies: Global Markets

  • ID: 3632965
  • Report
  • Region: Global
  • 320 pages
  • BCC Research
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The Global Market for Grid-Scale Battery Storage Technologies is Projected to Reach Nearly $4.0 billion in 2025 from $716 million in 2015
This report assesses and describes the current status and assess the potential growth of the worldwide grid scale battery storage (GSBS) technology industry and the market for associated storage technologies. Includes forecast from 2015 to 2025.

This report provides:

- An overview of the global markets for grid-scale electricity storage technologies.
- Analyses of global market trends, with data from 2014, 2015, estimnates for 2020 and projections of CAGRs through 2025.
- A look at factors influencing growth of the market including a growing share of power generation coming from intermittent renewable energy sources, rising commodity prices, and escalating energy peak demand and price in many economies.
- Applications for Grid Scale Battery Storage including:
- Power Generation Support - Load Levelling & Grid Stabilisation
- Renewable Energy Integration/ accommodation of Renewables
- Transmission & Distribution Support
- Distributed Power Generation and End-User Support
- Coverage of typical components including lead-acid batteries, Lithium-ion batteries, Sodium-based batteries, flow batteries, and others.
- Evaluation of overall benefits and challenges for using grid scale battery storage.
- Profiles of major players in the industry.

Scope of the report:

The scope of this investigation includes the major viable GSBS technologies that are currently being implemented in the power generation industry. These technologies are implemented to temporarily store electricity during periods of available generation capacity, for subsequent use during periods of increased demand in support of load leveling, grid balancing, and renewable energy integration and intermittent generation balancing. The grid-scale battery storage technologies discussed in this report are increasingly deployed in support of intermittent renewable energy sources, such as solar and wind energy, which frequently generate power outside of peak demand periods. In these cases, GSBS technologies can facilitate delivery of renewable power to end users during periods of high and peak use, in support of utility-level regulations and greenhouse gas (GHG) emissions reduction strategies, which are increasingly common in the global electricity market.

The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry and academic data regarding the projected level of demand for utility-scale electricity storage technologies that could potentially translate into grid-scale battery storage (GSBS) projects. These data were supplemented with an evaluation of major utility electricity storage (UES) and renewable (solar and wind) projects that have been announced or that are currently being proposed. Therefore, this report provides a comprehensive review of available data to provide a realistic, robust and accurate assessment of this quickly changing market.

Each major viable grid-scale battery storage technologies is analyzed, to determine their current market status, examine their impact on future markets and present forecasts of growth over the next ten years. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely regulatory environments in support of this industry.

The report analyzes the industry on a worldwide basis in terms of its manufacturing and the deployment of its technologies or products. It examines government roles in support of grid-scale battery storage (GSBS) technologies worldwide, including regulatory support, government requirements and promotional incentives for various GSBS technologies as relevant and available. BCC Research provides a review of the most relevant GSBS technologies, discusses recent trends in capacity installation and unit sales, and provides industry overviews and market assessments for each GSBS technology.

Highlights:

- The global market for grid-scale battery storage (GSBS) technologies reached $637 million in 2014. This market is projected to reach nearly $4.0 billion in 2025 from $716 million in 2015 at a compound annual growth rate of 18.7% for the period 2015-2025.
- Lithium-ion battery storage technology will grow from $257 million in 2015 to nearly $1.9 billion in 2025 at a CAGR of 21.9% for the period 2015-2025.
- Flow batteries storage technology will grow from $115 million in 2015 to $773 million in 2025 at a CAGR of 21.0% for the period 2015-2025.

Intended Audience:

This study reviews GSBS technologies, along with relevant market and production information, technological descriptions and issues, applications, and market factors and potential, and gives an overview of supporting incentives and regulations in major worldwide markets. This study will be of interest to current and potential manufacturers and suppliers of GSBS technologies and components, as well as venture capitalists, entrepreneurs and entrepreneurial companies interested in entering or expanding into the GSBS technology sector. It will also be of interest to corporate planners and strategists, companies involved in the production of batteries, supervisory control and data acquisition (SCADA) control software, and other infrastructure and software required for the implementation of GSBS technologies, as well as other energy efficiency advocacy groups and other public- and private-sector interest groups and market analysts.
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Chapter- 1: INTRODUCTION
- STUDY GOALS AND OBJECTIVES
- REASONS FOR COMPLETING THIS STUDY
- INTENDED AUDIENCE
- SCOPE OF REPORT AND METHODOLOGY
- WORLDWIDE MARKETS
- METHODOLOGY
- INFORMATION SOURCES

Chapter- 2: SUMMARY
- Table Summary : GLOBAL MARKET FOR GRID-SCALE BATTERY STORAGE TECHNOLOGIES, THROUGH 2025
- Figure Summary : GLOBAL MARKET FOR GRID-SCALE BATTERY STORAGE TECHNOLOGIES, 2014-2025

Chapter- 3: OVERVIEW
- WHAT ARE UTILITY-SCALE ELECTRICITY STORAGE TECHNOLOGIES?
- BRIEF HISTORY OF BATTERY TECHNOLOGY
- OVERALL CHALLENGES FOR THE EES INDUSTRY
- CHALLENGES FOR IMPLEMENTING LARGE-SCALE EES
- COSTS AND ECONOMIC VIABILITY
- BENEFITS OF GRID-SCALE BATTERY STORAGE TECHNOLOGIES
- OVERALL BENEFITS OF GRID-SCALE BATTERY STORAGE
- DRAWBACKS OF GRID-SCALE BATTERY STORAGE TECHNOLOGIES
- OVERALL CHALLENGES FOR GRID-SCALE BATTERY STORAGE
- DESCRIPTION OF GRID-SCALE BATTERY STORAGE TECHNOLOGIES AND SYSTEM COMPONENTS
- Table 1 : LIST OF GRID-SCALE BATTERY STORAGE TECHNOLOGIES

Chapter- 4: APPLICATIONS FOR ADVANCED BATTERIES IN MICROGRID ENVIRONMENT
- CUSTOMER OWNED
- UTILITY OWNED
- MILITARY
- ISLAND SYSTEMS
- CONCLUDING REMARKS

Chapter- 5: REGULATORY SUPPORT AND INCENTIVES FOR GRID-SCALE BATTERY STORAGE TECHNOLOGIES
- REGULATORY SUPPORT AND INCENTIVES
- UNITED STATES REGULATORY SUPPORT AND INCENTIVES

Chapter- 6: INDUSTRY STRUCTURE
- INDUSTRY ORGANIZATION
- PLANNING OF GRID-SCALE BATTERY ENERGY STORAGE SYSTEMS
- GLOBAL INDUSTRY STRUCTURE
- UES INDUSTRY ORGANIZATIONS

Chapter- 7: MAJOR TECHNOLOGY MARKETS AND TRENDS IN PRICE AND PERFORMANCE
- LEAD-ACID BATTERIES
- LITHIUM-ION BATTERIES
- SODIUM-BASED BATTERIES
- FLOW BATTERIES
- OTHER BATTERY DESIGNS

Chapter- 8: MAJOR REGIONAL MARKETS AND TRENDS IN PRICE AND PERFORMANCE
- REGIONAL MARKETS AND TECHNOLOGY CHARACTERISTICS
- GSBS MARKET PREREQUISITES
- GLOBAL MARKET CENTERS
- OVERVIEW OF THE GLOBAL GSBS TECHNOLOGY MARKET AND REGIONAL COMPARISON

Chapter- 9: COMPANY PROFILES
- LEADING FIVE GRID-SCALE BATTERY STORAGE COMPANIES
- OTHER LEADING MANUFACTURERS AND SUPPLY COMPANIES IN THE GRID-SCALE BATTERY INDUSTRY

Chapter- 10: APPENDIX I
- CURRENCY CODES
- ABBREVIATIONS OF UNITS OF MEASUREMENT
- ACRONYMS

Chapter- 11: APPENDIX II
- REFERENCES

List of Tables

Summary Table : GLOBAL MARKET FOR GRID-SCALE BATTERY STORAGE TECHNOLOGIES, THROUGH 2025
Table 1 : LIST OF GRID-SCALE BATTERY STORAGE TECHNOLOGIES
Table 2 : LEAD-ACID BATTERY COSTS BY APPLICATION-,2003
Table 3 : LEAD-ACID AND ADVANCED LEAD-ACID BATTERY COSTS BY APPLICATION, 2020
Table 4 : LITHIUM-ION BATTERY FEATURES
Table 5 : LITHIUM-ION BATTERY COSTS BY BENEFIT, 2010
Table 6 : SODIUM-SULFUR BATTERY COSTS BY APPLICATION
Table 7 : SODIUM-SULFUR BATTERY COSTS BY BENEFIT
Table 8 : TECHNICAL CHARACTERISTICS OF VRB SYSTEMS BY APPLICATION
Table 9 : VRB CAPITAL AND OPERATING COSTS
Table 10 : VRB COSTS BY BENEFIT
Table 11 : ZINC-BROMINE BATTERY COSTS BY APPLICATION, 2003
Table 12 : ZINC-BROMINE BATTERY COST BY SIZE AND APPLICATION, 2010
Table 13 : NICKEL-CADMIUM BATTERY COSTS BY APPLICATION, 2003
Table 14 : NICKEL-CADMIUM BATTERY FEATURES
Table 15 : COMPARISON OF SELECT BATTERY TECHNOLOGIES.
Table 16 : SUMMARY OF THE MAIN MECHANICAL AND ELECTRICAL ENERGY STORAGE SYSTEMS.(MW, $/KWH, MWH)
Table 17 : PRESENT WORTH COST OF 10-YEAR OPERATION IN YEAR 1, BY TECHNOLOGY/USE, 2011
Table 18 : UTILITY APPLICATIONS OF GRID STORAGE BATTERY STORAGE TECHNOLOGIES
Table 19 : RENEWABLE ELECTRICITY PRODUCTION TAX CREDIT: IN-SERVICE DEADLINE, 2014
Table 20 : TAX CREDIT FOR PHOTOVOLTAICS (PV) AND SOLAR THERMAL ELECTRIC SYSTEMS VARIATION OVER 10 YEAR PERIOD
Table 21 : ARIZONA RENEWABLE ENERGY AND DISTRIBUTED RENEWABLE QUOTAS, 2006-2025
Table 22 : BASE PRICE OF ENERGY AND TIME OF DELIVERY MULTIPLIERS
Table 23 : COLORADO RENEWABLE ENERGY PROPERTY TAX ASSESSMENT COST THRESHOLD VALUES, 2009
Table 24 : COLORADO RENEWABLE PORTFOLIO STANDARD QUOTAS FOR INVESTOR-OWNED UTILITIES, 2007-2020
Table 25 : COLORADO RENEWABLE PORTFOLIO STANDARD QUOTAS FOR WHOLESALE DISTRIBUTED GENERATION OR RETAIL DG CARVE-OUT, 2011-2020
Table 26 : COLORADO RENEWABLE PORTFOLIO STANDARD QUOTAS FOR ELECTRIC COOPERATIVES AND MUNICIPAL UTILITIES, 2008-2020
Table 27 : MAINE RENEWABLES PORTFOLIO STANDARD CLASS I STANDARD SCHEDULE, 2008-2017
Table 28 : MARYLAND RENEWABLE ENERGY PORTFOLIO STANDARD COMPLIANCE REQUIREMENTS, 2006-2022
Table 29 : MICHIGAN RENEWABLE ENERGY STANDARD, ANNUAL BENCHMARKS, 2012-2015
Table 30 : NEW MEXICO RENEWABLE ENERGY PRODUCTION TAX INCENTIVE
Table 31 : TEXAS RENEWABLE GENERATION REQUIREMENT COMPLIANCE SCHEDULE, 2007-2015
Table 32 : ENERGY RESEARCH UNDER FP7
Table 33 : EXISTING AND PLANNED (PROPOSED, UNDER CONSTRUCTION, CONTRACTED, ANNOUNCED) U.S. ENERGY STORAGE TECHNOLOGIES, SPLIT BY CAPACITY, 2015
Table 34 : EXISTING AND PLANNED (PROPOSED, UNDER CONSTRUCTION, CONTRACTED, ANNOUNCED) U.S. ENERGY STORAGE TECHNOLOGIES, SPLIT BY NUMBER OF PROJECTS, 2015
Table 35 : ENERGY STORAGE APPLICATIONS BY CAPACITY
Table 36 : MAJOR NORTH AMERICAN GSBS COMPONENT MANUFACTURERS AND ENGINEERS
Table 37 : MAJOR EUROPEAN GSBS COMPONENT MANUFACTURERS AND ENGINEERS
Table 38 : MAJOR ASIAN UES COMPONENT MANUFACTURERS AND ENGINEERS
Table 39 : MAJOR UES INDUSTRY GROUPS AND ORGANIZATIONS
Table 40 : PROJECTED LEAD-ACID BATTERIES NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 41 : PROJECTED LITHIUM-ION BATTERIES NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 42 : PROJECTED SODIUM-BASED BATTERIES NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 43 : PROJECTED FLOW BATTERIES NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 44 : PROJECTED OTHER ELECTROCHEMISTRY BATTERY NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 45 : PREREQUISITES FOR GSBS TRACTION IN REGIONAL MARKETS
Table 46 : PROJECTED NORTH AMERICAN GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 47 : MAJOR HISTORIC GRID-SCALE BATTERY STORAGE PROJECTS IN NORTH AMERICA
Table 48 : U.S. PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 49 : CANADA PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 50 : PROJECTED EUROPEAN GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 51 : GERMAN PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 52 : ITALIAN PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 53 : SPANISH PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZES, THROUGH 2025
Table 54 : UNITED KINGDOM PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZE, THROUGH 2025
Table 55 : FRENCH PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZE, THROUGH 2025
Table 56 : MAJOR HISTORIC GRID-SCALE BATTERY STORAGE PROJECTS IN THE ASIA-PACIFIC REGION
Table 57 : PROJECTED ASIA-PACIFIC GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZE, THROUGH 2025
Table 58 : CHINESE PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZE, THROUGH 2025
Table 59 : JAPANESE PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZE, THROUGH 2025
Table 60 : SOUTH KOREAN PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZE, THROUGH 2025
Table 61 : SELECTED AUSTRALIAN ENERGY STORAGE FACILITIES
Table 62 : AUSTRALIAN PROJECTED GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZE, THROUGH 2025
Table 63 : MAJOR HISTORIC GRID-SCALE BATTERY STORAGE PROJECTS IN THE REST OF THE WORLD REGION
Table 64 : PROJECTED REST OF THE WORLD GRID-SCALE BATTERY STORAGE, NEW CAPACITY AND MARKET SIZE, THROUGH 2025
Table 65 : GLOBAL GRID-SCALE BATTERY STORAGE MARKET BY REGION, THROUGH 2025
Table 66 : PROJECTED GRID-SCALE BATTERY STORAGE TECHNOLOGY NEW CAPACITY, THROUGH 2025

List of Figures

Summary Figure : GLOBAL MARKET FOR GRID-SCALE BATTERY STORAGE TECHNOLOGIES, 2014-2025
Figure 1 : U.S. RESIDENTIAL RETAIL ELECTRICITY PRICE, 1960-2010
Figure 2 : STYLIZED REPRESENTATION OF A DAILY LOAD CURVE
Figure 3 : EXAMPLE OF OFFSET RENEWABLE GENERATION: WIND GENERATION PROFILE FOR CALIFORNIA
Figure 4 : OVERVIEW OF BATTERY ELECTROCHEMISTRIES
Figure 5 : LEAD-ACID BATTERY FUNCTION AND COMPONENTS
Figure 6 : LITHIUM-ION BATTERY FUNCTION AND COMPONENTS
Figure 7 : MAP OF PLANNED AND EXISTING LITHIUM-ION DEMONSTRATIONS, 2009
Figure 8 : SODIUM-SULFUR CELL CONSTRUCTION
Figure 9 : MAJOR ADVANTAGES OF NAS OVER OTHER BATTERY TECHNOLOGIES
Figure 10 : FLOW BATTERY SYSTEM
Figure 11 : FLOW BATTERY CELL CONSTRUCTION
Figure 12 : COMPONENT COSTS OF A VRB AS A PERCENTAGE OF TOTAL CAPITAL COST
Figure 13 : PRESENT CAPITAL COSTS ESTIMATES OF VRB SYSTEMS
Figure 14 : ZINC-BROMINE BATTERY COMPOSITION
Figure 15 : NICKEL-CADMIUM CELL COMPOSITION
Figure 16 : METAL AIR BATTERY COMPOSITION
Figure 17 : GENERAL MOLTEN AIR BATTERY COMPOSITION
Figure 18 : LIQUID METAL BATTERY COMPOSITION
Figure 19 : POWER RATING AND DISCHARGE DURATION AT RATED POWER
Figure 20 : A COMPARISON OF TECHNOLOGY MATURITY AND ANTICIPATED R&D EXPENDITURE
Figure 21 : PER UNIT ENERGY AND POWER CAPITAL COSTS BY TECHNOLOGY
Figure 22 : SERVICES PROVIDED BY ENERGY STORAGE TECHNOLOGIES
Figure 23 : COMPARISON OF PHS, CAES, AND EMERGING TECHNOLOGIES, SYSTEM RATINGS
Figure 24 : COMPARISON OF PHS, CAES, AND OTHER EMERGING GRID-SCALE STORAGE TECHNOLOGIES COSTS
Figure 25 : MATURITY STAGE OF ENERGY STORAGE SYSTEMS
Figure 26 : ISLAND RENEWABLE ENERGY PRODUCTION, IMPACT OF BATTERY STORAGE
Figure 27 : IMPACT OF PRODUCTION TAX CREDIT EXPIRATION AND EXTENSION ON U.S. ANNUAL INSTALLED WIND CAPACITY
Figure 28 : INDUSTRY STRUCTURE FOR PROCUREMENT/INSTALLATION OF GSBS TECHNOLOGIES
Figure 29 : BATTERY MARKET SUPPLY CHAIN
Figure 30 : EXAMPLE OF A SIMPLE ARBITRAGE TRADING STRATEGY FOR THE GERMAN SPOT MARKET
Figure 31 : GSBS COSTS FOR DIFFERENT CAPACITIES
Figure 32 : U.S. UES STORAGE TECHNOLOGIES IN USE BY MARKET SHARE
Figure 33 : ANNUAL SOLAR PV INSTALLATIONS IN THE UNITED STATES, BY TYPE 2010-2014
Figure 34 : PROJECTED LEAD-ACID BATTERIES MARKET SIZE, 2014-2025
Figure 35 : PROJECTED LITHIUM-ION BATTERIES MARKET SIZE, 2014-2025
Figure 36 : PROJECTED SODIUM-BASED BATTERIES MARKET SIZE, 2014-2025
Figure 37 : PROJECTED FLOW BATTERIES MARKET SIZE, 2014-2025
Figure 38 : PROJECTED OTHER ELECTROCHEMISTRY BATTERY MARKET SIZE, 2014-2025
Figure 39 : PROJECTED NORTH AMERICAN GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 40 : U.S. BEHIND-THE-METER ENERGY STORAGE DEPLOYMENTS
Figure 41 : PROJECTED U.S. GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 42 : CANADA PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 43 : PROJECTED EUROPEAN GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 44 : GERMAN PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 45 : ITALIAN PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZES, 2014-2025
Figure 46 : SPANISH PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 47 : UNITED KINGDOM PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 48 : FRENCH PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 49 : PROJECTED ASIA-PACIFIC GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 50 : CHINESE PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 51 : JAPANESE PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 52 : SOUTH KOREAN PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 53 : AUSTRALIAN PROJECTED GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 54 : PROJECTED REST OF THE WORLD GRID-SCALE BATTERY STORAGE MARKET SIZE, 2014-2025
Figure 55 : GLOBAL GRID-SCALE BATTERY STORAGE MARKET BY REGION, 2014-2025
Figure 56 : PROJECTED GRID-SCALE BATTERY STORAGE TECHNOLOGY NEW CAPACITY, 2015-2025
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