Australia Energy Storage Systems Market (2017-2023): Forecast By Technologies, Applications, Regions and Competitive Landscape

  • ID: 4432550
  • Report
  • Region: Australia
  • 115 Pages
  • 6W Research
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The Australian Energy Storage Systems Market is Projected to Grow at a CAGR of 30.1% During 2017-2023

FEATURED COMPANIES

  • Enphase Energy Inc
  • LG Chem Ltd.
  • Redflow Limited
  • Smart Storage Pty Ltd
  • Sonnen GmbH
  • Tesla Inc
  • MORE

Australia Energy Storage Systems Market (2017-2023): Forecast By Technologies (Electrochemical (Lithium Ion, Lead Acid and Flow Battery & Others), Mechanical (Flywheel), Thermal (Molten Salt) and Others)), Applications (Residential, Commercial & Industrial, Power Utilities and Transportation), Regions (New South Wales, Victoria, Queensland, South Australia, Western Australia, Tasmania and Northern Territory) and Competitive Landscape

Rising electricity prices, falling battery costs and a nationwide shift towards renewable energy dependence would be major factors responsible for the growth of the energy storage systems market in Australia. The Australian Government’s Renewable Energy Target scheme and the Next Generation Renewables Program are also expected to drive the growth of the Australian energy storage systems market over the next six years.

According to research, the Australian Energy Storage Systems Market is projected to grow at a CAGR of 30.1% during 2017-2023. The Government of Australia has its Renewable Energy Target (RET) scheme in place, the aim of which is to increase the energy dependence of the country on renewable sources by setting up multiple renewable energy power projects all across the nation. The energy storage system market in Australia is dominated largely by electrochemical energy storage solutions and this trend is expected to continue in the coming years. According to the Australian Renewable Energy Agency, the price of Lithium-Ion batteries is expected to fall by almost 60% by 2020 and is predicted to emerge as the leader in terms of market revenue share in the forecast period.

The state of New South Wales had the largest market share in terms of revenue in 2016. During 2017-2023, the states of New South Wales, Queensland and Victoria are expected to be the leaders in market revenue share terms due to a number of power utility and storage products under construction or announced for these regions.

The report comprehensively covers the Australian Energy Storage Systems Market by technologies, verticals and regions. The report gives an unbiased and detailed analysis of the current trends, opportunities and market drivers that would help stakeholders to design and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

  • Historical Data of Global Energy Storage Systems Market Revenues for the Period 2014-2016
  • Market Size & Forecast of Global Energy Storage Systems Market Revenues until 2023
  • Historical Data of Australia Energy Storage Systems Market Revenues for the Period 2014-2016
  • Market Size & Forecast of Australia Energy Storage Systems Market Revenues Market until 2023
  • Historical Data of Australia Energy Storage Systems Market Revenues for the Period 2014-2016, By Technology
  • Market Size & Forecast of Australia Energy Storage Systems Market Revenues until 2023, By Technology
  • Historical Data of Australia Energy Storage Systems Market Revenues for the Period 2014-2016, By Verticals
  • Market Size & Forecast of Australia Energy Storage Systems Market Revenues until 2023, By Verticals
  • Historical & Forecast Data of Australia Energy Storage Systems Regional Market Revenues for the Period 2014-2023
  • Market Drivers and Restraints
  • Market Trends and Developments
  • Players Market Share and Competitive Landscape
  • Company Profiles
  • Strategic Pointers

Markets Covered

The report provides detailed analysis of the following market segments:

  • By Technologies:
    • Electrochemical
      • Lithium Ion
      • Lead Acid
      • Flow Battery & Others
    • Mechanical (Flywheel)
    • Thermal (Molten Salt)
    • Others
  • By Applications:
    • Residential
    • Commercial & Industrial
    • Power Utilities
    • Transportation
  • By Regions:
    • New South Wales
    • Victoria
    • Queensland
    • South Australia
    • Western Australia
    • Tasmania
    • Northern Territory
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FEATURED COMPANIES

  • Enphase Energy Inc
  • LG Chem Ltd.
  • Redflow Limited
  • Smart Storage Pty Ltd
  • Sonnen GmbH
  • Tesla Inc
  • MORE

1 Executive Summary

2 Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions

3 Global Energy Storage Systems Market Overview
3.1 Global Energy Storage Systems Market Revenues (2014-2023F)

4 Australia Power Sector Outlook
4.1 Australia Power Sector Overview

5 Australia Energy Storage Systems Market Overview
5.1 Australia Energy Storage Systems Market Revenues (2014-2023F)
5.2 Australia Energy Storage Systems Market Overview
5.3 Australia Energy Storage Systems Market Revenue Share, By Technology (2016 & 2023F)
5.4 Australia Energy Storage Systems Market Revenue Share, By Applications (2016 & 2023F)
5.5 Australia Energy Storage Systems Market Revenue Share, By Regions (2016 & 2023F)
5.6 Australia Energy Storage Systems Market Industry Life Cycle (2016)
5.7 Australia Energy Storage Systems Market Porter’s Five Forces (2016)

6 Australia Energy Storage Systems Market Dynamics
6.1 Impact Analysis
6.2 Market Drivers
6.3 Market Restraints

7 Australia Energy Storage Systems Market Trends
7.1 Molten Silicon Thermal Energy Storage
7.2 Solar Plus Storage Systems

8 Australia Energy Storage Systems Market Overview, By Technology
8.1 Australia Electrochemical Energy Storage Systems Market Revenues (2014-2023F)
8.2 Australia Electrochemical Energy Storage Systems Market Overview
8.3 Australia Electrochemical Energy Storage Systems Market Revenues, By Type
8.3.1 Australia Lithium-Ion Energy Storage Systems Market Revenues (2014-2023F)
8.3.2 Australia Lead Acid Energy Storage Systems Market Revenues (2014-2023F)
8.3.3 Australia Other Electrochemical Energy Storage Systems Market Revenues (2014-2023F)
8.3.4 Australia Electrochemical Energy Storage Systems Market Price Dynamics
8.4 Australia Mechanical Energy Storage Systems Market Revenues (2014-2023F)
8.5 Australia Mechanical Energy Storage Systems Market Overview
8.6 Australia Thermal Energy Storage Systems Market Revenues (2014-2023F)
8.7 Australia Thermal Energy Storage Systems Market Overview
8.8 Australia Other Energy Storage Systems Market Revenues (2014-2023F)

9 Australia Energy Storage Systems Market Overview, By Applications
9.1 Australia Residential Energy Storage Systems Market Revenues (2014-2023F)
9.2 Australia Residential Energy Storage Systems Market Overview
9.3 Australia Power Utilities Energy Storage Systems Market Revenues (2014-2023F)
9.4 Australia Power Utilities Energy Storage Systems Market Overview
9.5 Australia Commercial & Industrial Energy Storage Systems Market Revenues (2014-2023F)
9.6 Australia Commercial & Industrial Energy Storage Systems Market Overview
9.7 Australia Transportation Energy Storage Systems Market Revenues (2014-2023F)
9.8 Australia Transportation Energy Storage Systems Market Overview

10 Australia Energy Storage Systems Market Overview, By Regions
10.1 New South Wales Energy Storage Systems Market Revenues (2014-2023F)
10.2 Victoria Energy Storage Systems Market Revenues (2014-2023F)
10.3 Queensland Energy Storage Systems Market Revenues (2014-2023F)
10.4 Western Australia Energy Storage Systems Market Revenues (2014-2023F)
10.5 South Australia Energy Storage Systems Market Revenues (2014-2023F)
10.6 Tasmania Energy Storage Systems Market Revenues (2014-2023F)
10.7 Northern Territory Energy Storage Systems Market Revenues (2014-2023F)
10.8 Australia Energy Storage Systems Market Regional Overview

11 Australia Energy Storage Systems Market Opportunity Assessment
11.1 Australia Energy Storage Systems Market Opportunity Assessment, By Technology (2023F)
11.2 Australia Energy Storage Systems Market Opportunity Assessment, By Applications (2023F)
11.3 Australia Energy Storage Systems Market Opportunity Assessment, By Regions (2023F)

12 Competitive Landscape
12.1 Australia Energy Storage Systems Market Revenue Share, By Company, 2016
12.2 Competitive Benchmarking, By Applications

13 Company Profiles
13.1 LG Chem Ltd.
13.2 GCL System Integration Technology Co. Ltd
13.3 Sonnen GmbH
13.4 Tesla Inc
13.5 Hoppecke Batterien GmbH & Co. KG
13.6 Redflow Limited
13.7 Magellan Powertronics Pty Ltd
13.8 Smart Storage Pty Ltd
13.9 VSUN Energy Pty Ltd
13.10 Enphase Energy Inc

14 Key Strategic Pointers

15 Disclaimer

List of Figures
Figure 1 Global Energy Storage Systems Market Revenues, 2014-2023F ($ Billion)
Figure 2 Australia Electricity Generation Mix, 2016
Figure 3 Australia Renewable Energy Generation, 2016
Figure 4 Total Renewable Energy Generation By State in 2016 (GWh)
Figure 5 Penetration of Renewables By State in 2016
Figure 6 Australia Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 7 Planned Large-Scale Solar Farms in Australia
Figure 8 Australia Energy Storage Systems Market Revenue Share, By Technology (2016)
Figure 9 Australia Energy Storage Systems Market Revenue Share, By Technology (2023F)
Figure 10 Australia Energy Storage Systems Market Revenue Share, By Applications (2016)
Figure 11 Australia Energy Storage Systems Market Revenue Share, By Applications (2023F)
Figure 12 Australia Energy Storage Systems Market Revenue Share, By Regions, 2016 & 2023F
Figure 13 Australia Energy Storage Systems Market Industry Life Cycle, 2016
Figure 14 Australia Energy Storage Systems Market Porter’s Five Forces, 2016
Figure 15 Australia’s Annual Electricity Generation, 2016 & 2020
Figure 16 Global Average Lithium-ion Battery Prices, 2017-2024 ($/kWh)
Figure 17 Number of Electric Vehicles in Australia, 2020 & 2030 (Units)
Figure 18 Australia Electrochemical Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 19 Battery Storage Installations in Australia, 2015-2017 (Units)
Figure 20 Australia Lithium-Ion Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 21 Australia Lead Acid Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 22 Australia Other Electrochemical Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 23 Lowest Current and Predicted Battery Cell Price (USD/kWh)
Figure 24 Australia Mechanical Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 25 Australia Thermal Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 26 Australia Other Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 27 Australia Residential Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 28 Under Construction Residential Projects in 2017 (Number of Apartments)
Figure 29 New Solar PV Capacity Installed in Australia, 2013-2017 (kW)
Figure 30 Projected Solar Rebate Amount, 2017-2030 ($)
Figure 31 Australia Power Utilities Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 32 Australia Commercial & Industrial Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 33 Australia Transportation Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 34 New South Wales Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 35 Victoria Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 36 Queensland Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 37 Western Australia Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 38 South Australia Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 39 Tasmania Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 40 Northern Territory Energy Storage Systems Market Revenues, 2014-23F ($ Million)
Figure 41 Large Scale Projects of Renewable Energy (Under Construction or Starting Construction in 2017)
Figure 42 Australia Energy Storage Systems Market Opportunity Assessment, By Technology, 2023F
Figure 43 Australia Energy Storage Systems Market Opportunity Assessment, By Applications, 2023F
Figure 44 Australia Energy Storage Systems Market Opportunity Assessment, By Regions, 2023F
Figure 45 Australia Electrochemical Energy Storage Systems Market Revenue Share, By Company, 2016
Figure 46 Expected Share of Electric Vehicles in Australian Light Vehicle Road Transport, 2015-2050

List of Tables
Table 1 ARENA 2016 Solar Grant Winning Projects
Table 2 Australia Major Upcoming Renewable Energy Projects
Table 3 Australia Major Upcoming Hotel Projects
Table 4 Existing Electric Vehicle Policy Support Measures in Australian States
Table 5 Public Charging Infrastructure in Australia

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  • Enphase Energy Inc
  • GCL System Integration Technology Co. Ltd
  • Hoppecke Batterien GmbH & Co. KG
  • LG Chem Ltd.
  • Magellan Powertronics Pty Ltd
  • Redflow Limited
  • Smart Storage Pty Ltd
  • Sonnen GmbH
  • Tesla Inc
  • VSUN Energy Pty Ltd
Note: Product cover images may vary from those shown
5 of 6
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