Market Research Report - 265353
Grid Scale Battery (GSB) Storage Market Forecast 2015-2025: The Future of Lithium-ion, Flow, Sodium-based, Advanced Lead Acid and Other Batteries on the Grid
|Published by||Visiongain Ltd.|
|Published||Content info||227 Pages|
|Grid Scale Battery (GSB) Storage Market Forecast 2015-2025: The Future of Lithium-ion, Flow, Sodium-based, Advanced Lead Acid and Other Batteries on the Grid|
|Published: July 31, 2015||Content info: 227 Pages||
The grid scale battery storage market is largely an emerging one, especially when compared to other energy storage systems. Most grid scale batteries are either too expensive or not yet fully tested and understood in a real-life environment - or both. However, pressed by high and rising renewable energy capacity brought online, an increasing number of governments around the world are considering adopting new regulation favouring the commissioning of grid scale storage systems, such as capacity payment mechanisms or mandatory targets for the installation of new storage capacity. Meanwhile, research, development and demonstration efforts are consistent, as utilities and governments hope to be the first movers in one of the most promising markets in the energy industry.
In addition to this, production costs, and eventually market prices, of grid scale batteries are slowly but constantly declining thanks to continuous technological improvements. Just as decisively, a wealth of performance data are becoming available each year as pilot projects are completed around the world, providing the market with key information on the reliability of different battery technologies. A further boost for the sector can come from the rise of the electric vehicle market.
Visiongain calculates that CAPEX in the grid scale battery storage market will total $422m in 2014 and expects the market to grow considerably over the next 10 years for grid ancillary services, peak electricity demand shaving, energy efficiency and renewable energy integration.
What will be the future for the grid scale battery storage market? Visiongain's comprehensive analysis contains highly quantitative content delivering solid conclusions benefiting your analysis and illustrating new opportunities and potential revenue streams helping you to remain competitive. This definitive report will benefit your decision making and help to direct your future business strategy.
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Visiongain consulted widely with leading industry experts and full transcripts from these exclusive interviews with A123 Systems, Aquion Energy, Ecoult and RedFlow are included in the report. Visiongain's research methodology involves an exclusive blend of primary and secondary sources providing informed analysis. This methodology allows insight into the key drivers and restraints behind market dynamics and competitive developments. The report therefore presents an ideal balance of qualitative analysis combined with extensive quantitative data including global, submarket and regional markets forecasts from 2014-2024.
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