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Asia-Pacific Energy Storage Systems Market Outlook to 2022 Market Analysis by Country, Type, Competitive Landscape and Key Company Information - Growth Trends and Forecasts

  • ID: 4385628
  • Report
  • Region: Asia Pacific
  • 85 pages
  • Mordor Intelligence
until Dec 31st 2019
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Energy Storage Systems is seen as a next level of up gradation in smart grid technologies by Asian power utilities after implementation of distribution automation and distributed generation. With increasing demand for stable grid and governments pledging to shift to smart grids, Asia is expected to invest heavily in the Energy Storage market. Modernizing the electric system will help the nations meet the challenge of handling projected energy needs€including addressing climate change by integrating more energy from renewable sources and enhancing efficiency from non-renewable energy processes. Advances to the electric grid must maintain a robust and resilient electricity delivery system, and energy storage can play a significant role in meeting these challenges by improving the operating capabilities of the grid, lowering cost and ensuring high reliability, as well as deferring and reducing infrastructure investments. Finally, energy storage can be instrumental for emergency preparedness because of its ability to provide backup power as well as grid stabilization services.

Energy storage technologies€such as pumped hydro, compressed air energy storage, various types of batteries, flywheels, electrochemical capacitors, etc., provide for multiple applications: energy management, backup power, load leveling, frequency regulation, voltage support, and grid stabilization. Importantly, not every type of storage is suitable for every type of application, motivating the need for a portfolio strategy for energy storage technology.

In reviewing the barriers and challenges, and the future for energy storage, a strategy that would address these issues should comprise three broad outcome-oriented goals:

1. Energy storage should be a broadly deployable asset for enhancing renewable penetration specifically to enable storage deployment at high levels of new renewable generation

2. Energy storage should be available to industry and regulators as an effective option to resolve issues of grid resiliency and reliability

3. Energy storage should be a well-accepted contributor to realization of smart-grid benefits specifically enabling confident deployment of electric transportation and optimal utilization of demand-side assets.
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1. Introduction
1.1 Report Guidance
1.2 Markets Covered
1.3 Key Points Noted
2. Executive Summary
3. Market Overview
3.1 Introduction
3.2 Market Definition
3.3 Key Market Trends and Forecasts
4. Drivers, Constraints and Opportunities
4.1 Drivers
4.1.1 Increasing Energy Demand
4.1.2 Increasing Investments
4.1.3 Ability to ProvideUninterruptable Power
4.2 Constraints
4.2.1 High Initial Costs
4.2.2 Durability/Sustainability
4.2.3 Equitable Regulatory Environment
4.3 Opportunities
4.3.1 Advanced Batteries Market
4.3.2 Scope for New Technology Innovations
5. Asia - Pacific Energy Storage Systems Market Analysis for Grids, by Country
5.1 Overview
5.2 Korea
5.2.1 Introduction
5.2.2 Market Demand to 2022
5.2.3 Policies and Regulation
5.2.4 Recent Trends and Opportunities
5.2.5 Investments
5.3 China
5.3.1 Introduction
5.3.2 Market Demand to 2022
5.3.3 Policies and Regulation
5.3.4 Recent Trends and Opportunities
5.3.5 Investments
5.4 Japan
5.4.1 Introduction
5.4.2 Market Demand to 2022
5.4.3 Policies and Regulation
5.4.4 Recent Trends and Opportunities
5.4.5 Investments
5.5 Others
6. Asia - Pacific Energy Storage Systemsfor Ancillary Services
6.1 Introduction
6.2 Market Definition
6.3 Regulated and Deregulated Markets
6.4 Energy Storage Systems for Ancillary Services
6.5 Market Analysis, by Country
6.5.1 Korea
6.5.2 China
6.5.3 Japan
7. Asia - Pacific Energy Storage Systems for Grid Market Analysis, by Type
7.1 Overview
7.2 Types
7.2.1 Compressed Air Energy Storage Overview Market Definition Market Analysis, by Country Korea China Japan
7.2.2 Pumped Storage Overview Market Definition Market Analysis, by Country Korea China Japan
7.2.3 Advanced Batteries Overview Market Definition Advanced Lead-carbon Batteries Sodium Sulfur Batteries Flow Batteries Lithium Ion Batteries Market Analysis, by Country Korea China Japan
8. Competition
8.1 Overview
8.2 Market Share of Key Companies, by Country
8.3 Market Share of Key Companies, by Equipment
9. Company Profiles
9.1 Electrovaya
9.2 ABB
9.3 Alstom
9.4 LG Chem
9.5 Hitachi Group
9.6 Beacon Power
9.7 Ampard
9.8 S&C Electric
9.9 ZBB Energy Corp.
9.10 Primus Power
10. Competitive Landscape
10.1 Deal Summary
10.1.1 Acquisition
10.1.2 Private Equity
10.1.3 Equity Offerings
10.1.4 Debt Offerings
10.1.5 Partnerships
10.1.6 Asset Transactions
10.2 Recent Developments
10.2.1 New Technology Inventions
10.2.2 New Contract Announcements
11. Appendix
11.1 Sources
11.2 Abbreviations
11.3 Market Definition
11.3.1 Methodology
11.3.2 Coverage
11.3.3 Secondary Research
11.3.4 Primary Research
11.3.5 Expert Panel Validation
11.4 Contact Us
11.5 Disclaimer
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