Market Research Report
Grid Scale Battery (GSB) Storage Market Forecast 2016-2026: CAPEX Forecast of Lithium-ion, Flow, Sodium-based, Advanced Lead Acid and Other Batteries
|Published by||Visiongain Ltd||Product code||265353|
|Published||Content info||234 Pages
Delivery time: 1-2 business days
|Grid Scale Battery (GSB) Storage Market Forecast 2016-2026: CAPEX Forecast of Lithium-ion, Flow, Sodium-based, Advanced Lead Acid and Other Batteries|
|Published: June 21, 2015||Content info: 234 Pages||
Visiongain's comprehensive new 234 page report reveals that CAPEX invested in grid-scale battery storage technologies will reach $1,107m in 2016, with rapid growth anticipated over the next ten years.
The grid-scale battery storage market is largely an emerging one, especially when compared with other energy storage systems such as the well-established pumped hydro storage (PHS). Grid-scale batteries are arriving at commercial viability, having been the subject of numerous demonstration projects. They posses numerous advantages over competing technologies, such as the precision and quality of the service they can provide to grid operators and the lack of geographical constraints experienced by technologies such as compressed air energy storage (CAES) and PHS.
The regulatory frameworks and market environments around the world are moving towards the direction of more grid-scale battery storage being deployed on the grid to perform ancillary services. Pressed by high and rising amounts of renewable energy capacity brought online each year, an increasing number of governments around the world are considering adopting new regulatory requirements favouring the commissioning of grid-scale storage systems, such as capacity payment mechanisms rewarding the best-performing back-up technologies for frequency regulation, or mandatory targets for the installation of new storage capacity. In addition to this, production costs are consistently declining due to technological improvements, gained experience and mass production.
Just as decisively, a larger wealth of performance data is becoming available each year as pilot projects are completed all around the world, providing producers, operators and prospective clients with key information on the reliability and safety of each battery technology once applied outside the laboratory. Visiongain expects the grid-scale battery storage market to grow considerably over the next ten years for grid ancillary services, peak electricity demand shaving, energy efficiency and renewable energy integration.
The report includes analysis of each battery technology, with tables and figures provided to visualise the comparative total CAPEX on the five submarkets, plus their anticipated evolving market shares.
Ten-year CAPEX forecasts and analysis for the seven leading countries in the grid-scale battery storage market are included:
Descriptions of the major companies, agencies and research centres driving innovation in grid-scale battery technology are provided.
Examine competitive positioning, capabilities, product portfolios, R&D activity, services, focus, strategies, M&A activity, and future outlook: