Global Energy Storage Market for Renewable Energy Grid Integration 2017-2021 - Product Image

Global Energy Storage Market for Renewable Energy Grid Integration 2017-2021

  • ID: 4432832
  • Report
  • Region: Global
  • 83 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • BYD
  • GENERAL ELECTRIC
  • LG Chem
  • Renewable Energy Systems
  • Siemens
  • MORE
About Energy Storage Market for Renewable Energy Grid Integration

Energy storage system plays a vital role during the integration of renewable energy with a main grid. The excess energy generated from the renewable sources during daytime (as in the case of solar energy) is stored in energy storage units and is fed back into the grid when the demand is high or during frequency variation. The major problem associated with renewable energy integration is the energy imbalance created due to the intermittent nature of the renewables, which makes the grid unstable. Energy storage systems are used to address this concern and facilitate grid flexibility.

The analysts forecast the global energy storage market for renewable energy grid integration to grow at a CAGR of 32.88% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global energy storage market for renewable energy grid integration for 2017-2021. To calculate the market size, the report considers the new installations market and exclude aftermarket.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Energy Storage Market for Renewable Energy Grid Integration 2017-2021, 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
  • ABB
  • East Penn Manufacturing
  • LG Chem
  • Robert Bosch
  • The AES
Other prominent vendors
  • Alevo Group
  • Beacon Power
  • BYD
  • Exide Technologies
  • GENERAL ELECTRIC
  • Green Charge Networks
  • Highview Power Storage
  • NEC ENERGY SOLUTIONS
  • NRG Energy
  • Renewable Energy Systems
  • SAMSUNG SDI
  • Siemens
  • Tesla
Market drivers
  • Rise in use of renewable resources
  • For a full, detailed list, view the full report
Market challenges
  • V2G services for renewable energy integration
  • For a full, detailed list, view the full report
Market trends
  • Advances in energy storage technology
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 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?
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FEATURED COMPANIES

  • ABB
  • BYD
  • GENERAL ELECTRIC
  • LG Chem
  • Renewable Energy Systems
  • Siemens
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
  • Global battery market: Overview
  • Technological overview
PART 05: MARKET LANDSCAPE
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: MARKET SEGMENTATION BY ENERGY STORAGE
  • Segmentation by energy storage
  • Li-ion battery – Market size and forecast 2016-2021
  • Lead-acid battery – Market size and forecast 2016-2021
PART 07: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • APAC – Market size and forecast 2016-2021
  • Americas – Market size and forecast 2016-2021
  • EMEA – Market size and forecast 2016-2021
  • Key leading countries
  • Market opportunity
PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Advances in energy storage technology
  • Increasing deployment of microgrids
  • Deployment of liquid air energy storage system
PART 11: VENDOR LANDSCAPE
  • Vendor analysis
  • Other prominent vendors
PART 12: VENDOR ANALYSIS
  • Vendor overview
  • ABB
  • East Penn Manufacturing
  • LG Chem
  • Robert Bosch
  • The AES
PART 13: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Li-ion battery structure
Exhibit 02: Standard lead-acid battery diagram
Exhibit 03: Global energy storage market for renewable energy grid integration
Exhibit 04: Global energy storage market for renewable energy grid integration 2016-2021 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global energy storage market for renewable energy grid integration by energy storage 2016 (%)
Exhibit 07: Global energy storage market for renewable energy grid integration by energy storage 2021 (%)
Exhibit 08: Global energy storage market for renewable energy grid integration by energy storage 2016-2021 (%)
Exhibit 09: Li-ion battery – Market size and forecast 2016-2021 ($ bn)
Exhibit 10: Lead-acid battery – Market size and forecast 2016-2021 ($ bn)
Exhibit 11: Regional – market size and forecast 2016-2021 (%)
Exhibit 12: Regional comparison
Exhibit 13: APAC – Market size and forecast 2016-2021 ($ bn)
Exhibit 14: APAC – Year-over-year growth 2017-2022 (%)
Exhibit 15: Americas – Market size and forecast 2016-2021 ($ bn)
Exhibit 16: Americas – Year-over-year growth 2017-2022 (%)
Exhibit 17: EMEA – Market size and forecast 2016-2021 ($ bn)
Exhibit 18: EMEA – Year-over-year growth 2017-2022 (%)
Exhibit 19: Key leading countries
Exhibit 20: Global solar PV systems market 2016-2021 ($ billions)
Exhibit 21: Global annual installed wind power capacity 2011-2016 (MW)
Exhibit 22: Services provided by energy storage
Exhibit 23: New wind installation targets by 2020
Exhibit 24: Global electrification rate 2014
Exhibit 25: Global Li-ion battery cost 2009-2016
Exhibit 26: Global microgrid installed capacity 2015-2020 (GW)
Exhibit 27: Global liquid air energy storage (LAES) systems market 2016-2021 (MW)
Exhibit 28: Three core processes of liquid air energy storage systems
Exhibit 29: Other prominent vendors (indicative list)
Exhibit 30: ABB: Key products
Exhibit 31: East Penn Manufacturing: Key products
Exhibit 32: LG Chem: Key products
Exhibit 33: Robert Bosch: Key products
Exhibit 34: The AES: Key products
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FEATURED COMPANIES

  • ABB
  • BYD
  • GENERAL ELECTRIC
  • LG Chem
  • Renewable Energy Systems
  • Siemens
  • MORE
New Report Released: – Global Energy Storage Market for Renewable Energy Grid Integration 2017-2021

The author of the report recognizes the following companies as the key players in the global energy storage market for renewable energy grid integration: ABB, East Penn Manufacturing, LG Chem, Robert Bosch, and The AES

Other Prominent Vendors in the market are: Alevo Group, Beacon Power, BYD, Exide Technologies, GENERAL ELECTRIC, Green Charge Networks, Highview Power Storage, NEC ENERGY SOLUTIONS, NRG Energy, Renewable Energy Systems, SAMSUNG SDI, Siemens, and Tesla.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Advances in energy storage technology. Intelligent energy storage adapts Internet of Things (IoT) with energy storage technology to improve efficiency. One of the benefits offered by intelligent energy storage is the increasing feasibility of integrating renewable energy sources with energy storage units. This results in energy-saving benefits that can be particularly attractive to businesses as countries nowadays are pursuing renewable energy targets.”

According to the report, one of the major drivers for this market is Rise in use of renewable resources. The battery energy storage market for renewable grid integration is driven by the prerequisite to maintain grid stabilization and growing integration of renewables such as solar power and wind power with the electrical grid.

Further, the report states that one of the major factors hindering the growth of this market is V2G services for renewable energy integration. The development of electric vehicle (EV) technology has brought attention toward the development and integration of the transportation sector with electrical power grid. The management and control of EV loads by electric power utility, utilizing the communication between vehicles and the power grid, is known as vehicle to grid (V2G). Some other similar concepts are vehicle to vehicle (V2V) and vehicle to home (V2H). These involve trading power between individuals' home power network and their vehicle or exchanging power within a community of electric vehicles.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ABB
  • East Penn Manufacturing
  • LG Chem
  • Robert Bosch
  • The AES
  • Alevo Group
  • Beacon Power
  • BYD
  • Exide Technologies
  • GENERAL ELECTRIC
  • Green Charge Networks
  • Highview Power Storage
  • NEC ENERGY SOLUTIONS
  • NRG Energy
  • Renewable Energy Systems
  • SAMSUNG SDI
  • Siemens
  • Tesla
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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